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City house price growth rebounds to 6.1%

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City house price growth rebounds to 6.1%

City house price growth increased to 6.1% in October, the highest rate of growth since September 2016, according to the latest Hometrack data.

28 Nov 2017

All UK banks pass BoE stress tests for first time

All UK banks pass BoE stress tests for first time

For the first time since the Bank of England launched its stress tests in 2014, all of the UK's biggest lenders passed the 2017 scenario.

28 Nov 2017

Bridging lending rebounds to eclipse pre-Brexit high

Bridging lending rebounds to eclipse pre-Brexit high

Gross annual bridging lending reached a new high of £4.7bn in September, eclipsing the pre-Brexit high of £4.4bn, according to research from West One Loans.

28 Nov 2017

L&G launches new critical illness offering

L&G launches new critical illness offering

Legal & General has enhanced its critical illness offering by partnering with RedArc to introduce six additional support services for customers at no extra cost.

28 Nov 2017

Remortgaging makes up 39% of lending: The Mortgage Hut

Remortgaging makes up 39% of lending: The Mortgage Hut

Remortgaging has hit a record high at The Mortgage Hut, accounting for 39% of all mortgages.

27 Nov 2017

Poorest retirees to see smallest pension rise

Poorest retirees to see smallest pension rise

The poorest pensioners will get the smallest increase in their pension income in April 2018, according to Royal London analysis.

27 Nov 2017

Cashback mortgage deals up 27%

Cashback mortgage deals up 27%

The number of cashback mortgage deals has increased by 27% over the past year, from 948 in November 2016 to 1,203 today, according to new Moneyfacts data.

27 Nov 2017

PMS Mortgage Club partners with Holmesdale Building Society

PMS Mortgage Club partners with Holmesdale Building Society

PMS Mortgage Club has added Holmesdale Building Society to its lender panel, making their range of residential mortgages available to members of PMS Mortgage Club.

27 Nov 2017

Platform lowers ICR to 128% for lower rate tax payers

Platform lowers ICR to 128% for lower rate tax payers

Platform, the intermediary arm of The Co-operative Bank, will now assess all buy-to-let mortgage applications made by lower rate tax payers using a minimum of 128% rental cover at a notional interest rate of 5.50%.

27 Nov 2017

Accord enters interest only market

Accord enters interest only market

Accord Mortgages has launched into the interest only market, adding the repayment options to its residential mortgage range.

27 Nov 2017

 

Newcastle Intermediaries launches ERC-free and fee assisted products

Newcastle Intermediaries launches ERC-free and fee assisted products

Newcastle Intermediaries has launched a new mortgage product with no early repayment charges, as well as a new fee assisted range.

27 Nov 2017

House of Lords debate making rental payments proof of mortgage affordability

House of Lords debate making rental payments proof of mortgage affordability

The second reading of the Creditworthiness Assessment Bill took place last week in the House of Lords, setting out plans to include rental payments in consumers' credit scores.

27 Nov 2017

Business growth and regulation increasing adviser working hours

Business growth and regulation increasing adviser working hours

Nearly two out of five advisers are working longer hours over the past twelve months due to a combination of business growth and increased compliance and regulatory requirements, according to research from Prudential.

27 Nov 2017

Paragon scraps portfolio buy-to-let valuation and application fees

Paragon scraps portfolio buy-to-let valuation and application fees

Paragon has removed valuation and application fees from its entire range of buy-to-let portfolio products.

27 Nov 2017

In the Spotlight with Nicola Firth, Knowledge Bank

In the Spotlight with Nicola Firth, Knowledge Bank

We spoke to Nicola Firth, CEO of Knowledge Bank and Compass Systems, about the launch of the criteria search system, the inspiration behind it, and her hopes predictions for the mortgage market in 2018.

24 Nov 2017

Budget 2017
Fixing a broken market: did Hammond miss a trick by not addressing downsizing?

Budget 2017
Fixing a broken market: did Hammond miss a trick by not addressing downsizing?

There’s only really one place to start and that’s with the Budget and what it might mean, particularly for our sector and our client demographic. As Philip Hammond spoke, and there appeared to be a concerted effort to loosen the ‘austerity belt’, I couldn’t help wonder how he planned to pay for many of the measures.

24 Nov 2017

Budget 2017
Little-noticed Budget 'stealth tax' to hit millions of savers: Royal London

Budget 2017
Little-noticed Budget 'stealth tax' to hit millions of savers: Royal London

A little-noticed Budget measure, which is set to raise hundreds of millions of pounds for the Chancellor, will affect millions of savers, according to mutual insurer Royal London.

24 Nov 2017

Atom Bank lead passionate discussion for fourth Women in Finance Supper Club

Atom Bank lead passionate discussion for fourth Women in Finance Supper Club

The fourth Barcadia Media Women in Finance Supper Club took place recently, where women from financial services met to discuss issues ranging from diversity in hiring practices to perceived differences in leadership style between males and females.

24 Nov 2017

Bank of England reveals gender pay gap stats

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Bank of England reveals gender pay gap stats

The Bank of England has published its 2017 Gender Pay Gap report, revealing the difference between the hourly rate of pay that male and female colleagues receive.

24 Nov 2017

3mc launches buy-to-let exclusive with Precise

3mc launches buy-to-let exclusive with Precise

Mortgage distributor 3mc has launched an exclusive two-year fixed rate buy-to-let mortgage deal funded by Precise Mortgages.

24 Nov 2017

Remortgage and FTB activity drive 14% rise in lending

Remortgage and FTB activity drive 14% rise in lending

Mortgage lending totalled £23.1 billion in October, 14% higher than a year ago, according to the latest UK Finance data.

24 Nov 2017

Newcastle Intermediaries launches free legals for first-time buyers

Newcastle Intermediaries launches free legals for first-time buyers

Newcastle Intermediaries has launched a new range of 95% LTV products with free legal fees, in response to this week's Budget which abolished stamp duty for purchases under £300,000 for new buyers.

24 Nov 2017

Smart Money adds West One Loans to second charge panel

Smart Money adds West One Loans to second charge panel

Specialist finance broker Smart Money has added West One Loans to its second charge lending panel.

24 Nov 2017

Together launches lowest ever right-to-buy rate

Together launches lowest ever right-to-buy rate

Together has revamped its personal finance range with rate cuts across its right-to-buy and shared ownership mortgages.

24 Nov 2017

Home insurance firms routinely overcharging older people: Citizens Advice

Home insurance firms routinely overcharging older people: Citizens Advice

Citizens Advice says home insurance companies are "routinely overcharging" up to 13 million households in the UK for renewing their existing policy, with older people are especially vulnerable to these additional costs.

24 Nov 2017

Is the post-MMR market a ‘toxic mix’ for advisers?

Is the post-MMR market a ‘toxic mix’ for advisers?

In this market, perception can be everything. However, a client’s perception can be incredibly out of kilter with the facts and the true nature of the market, and it has to be said that mortgage borrowers today, and potential ones as well, might currently have the wrong perception about the market and their ability to secure a mortgage from it.

23 Nov 2017

London first-time buyer borrowing hits decade-high: UK Finance

London first-time buyer borrowing hits decade-high: UK Finance

The latest UK Finance data for Q3 shows that first-time buyers in London borrowed £3.31 billion, up 7% on Q2 and 9% on Q3 2016 to hit its highest level for a decade.

23 Nov 2017

Directors of 'shark' consumer credit broker banned for 28 years

Directors of 'shark' consumer credit broker banned for 28 years

Four directors of consumer credit broker Secure My Money have been disqualified for a total of 28 years for taking consumers' money without their knowledge or consent.

23 Nov 2017

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