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Clydesdale and Yorkshire launch £750 cashback and new rates

Clydesdale and Yorkshire launch £750 cashback and new rates

Clydesdale and Yorkshire Banks are offering £750 cashback to customers who are buying a property, remortgaging from another lender or releasing equity and are borrowing a minimum of £75,000.

11 May 2017

Labour plans to introduce “flexible” retirement age

Labour plans to introduce “flexible” retirement age

A leaked copy of the Labour manifesto shows that the party rejects the Conservatives’ proposal to increase the state pension age and will guarantee the state pension “triple lock” throughout the next Parliament if Labour wins the General Election.

11 May 2017

Second-charge mortgage repossessions fall by 50% in Q1

Second-charge mortgage repossessions fall by 50% in Q1

The number of second-charge mortgage repossessions fell to 17 in Q1 2017 – down by 50% compared with the same quarter in 2016, according to the latest figures from the Finance & Leasing Association.

11 May 2017

Housing sales drop to post-referendum low: RICS

Housing sales drop to post-referendum low: RICS

Housing sales saw a further decline in April, while new buyer enquiries remained flat, according to the latest RICS UK Residential Market Survey.

11 May 2017

Kensington launches new residential rates from 2.39%

Kensington launches new residential rates from 2.39%

Kensington Mortgages has launched a new Select mortgage range, with rates starting from 2.39% for a 75% LTV two-year fix.

11 May 2017

APFA to merge with the Wealth Management Association

APFA to merge with the Wealth Management Association

The Association of Professional Financial Advisers and the Wealth Management Association have announced their intention to merge to become the Investment Management & Financial Advice Association.

11 May 2017

Hope Capital expands into London and the south

Hope Capital expands into London and the south

Bridging firm Hope Capital has increased its presence in London and the south with the appointment of a new business development manager, Maria Magnussen.

11 May 2017

Equity release market brands FCA's qualification u-turn 'disappointing'

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Equity release market brands FCA's qualification u-turn 'disappointing'

The equity release industry has given a mixed response to yesterday's news that the FCA has decided against introducing a standalone equity release qualification.

10 May 2017

Skipton launches fee-free range with £1,000 cashback

Skipton launches fee-free range with £1,000 cashback

From tomorrow, Skipton Building Society is launching three new residential two-year fixed rate products offering £1,000 cashback.

10 May 2017

Pepper launches 2.98% five-year fixed BTL rate

Pepper launches 2.98% five-year fixed BTL rate

Pepper Homeloans has launched a limited edition buy-to-let five-year fixed rate at 2.98% with a rental calculation based on the pay rate.

10 May 2017

 

more 2 life launches seven-day commission payment process

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more 2 life launches seven-day commission payment process

more 2 life has launched a new payment process that enables it to pay advisers the commission due from a completed loan within seven days.

10 May 2017

Barclays launches 95% LTV range

Barclays launches 95% LTV range

From tomorrow, Barclays is launching new residential and buy-to-let mortgage products, as well as reducing rates across its range.

10 May 2017

Personal Touch joins Equity Release Council

Personal Touch joins Equity Release Council

Adviser network Personal Touch Financial Services has joined the Equity Release Council.

10 May 2017

Mortgage product numbers soar to post-crisis high

Mortgage product numbers soar to post-crisis high

The number of residential mortgage products has increased by 849 in just one year to reach its highest point since March 2008, according to Moneyfacts data.

10 May 2017

Millennials will need £1m pension pot to retire

Millennials will need £1m pension pot to retire

Millennials will need a £1m pension pot to fully retire, according to research by international advisory and accountancy firm Mazars.

10 May 2017

Cash house purchases hit record high

Cash house purchases hit record high

A record amount of cash was injected into residential property purchases in 2016 according to research from IMLA, who have raised concerns about growing social divisions in the UK housing market.

10 May 2017

Bank Rate to remain at 0.25% despite 3.4% inflation peak: NIESR

Bank Rate to remain at 0.25% despite 3.4% inflation peak: NIESR

The National Institute of Economic and Social Research expects the MPC to "look through" a temporary spike in inflation and keep interest rates unchanged until mid-2019.

10 May 2017

Fluent's Wheeldon replaces Marie Grundy on AMI Board

Fluent's Wheeldon replaces Marie Grundy on AMI Board

The Association of Finance Brokers, the trade body for second charge mortgage professionals, has selected Fluent Money's Tim Wheeldon to sit on the Board of the AMI.

09 May 2017

Majority of providers missing vital data for Pensions Dashboard

Majority of providers missing vital data for Pensions Dashboard

The majority of pension schemes and providers are missing crucial customer data that is needed for the Pensions Dashboard, according to official research for the Pensions Dashboard Prototype carried out by technology partner ITM.

09 May 2017

Just 3% of first-time buyers unsatisfied with their lender

Just 3% of first-time buyers unsatisfied with their lender

Lenders are receiving increasingly good ratings for satisfaction from first-time buyers, according to a survey undertaken by YouGov for the CML.

09 May 2017

NatWest improves high-value and interest only affordability criteria

NatWest improves high-value and interest only affordability criteria

NatWest intermediary Solutions is making changes to the minimum income requirement for interest only mortgages, the maximum LTV for new build houses and the loan to income maximums for higher value loans.

09 May 2017

Platform increases maximum LTI ratio to 4.85

Platform increases maximum LTI ratio to 4.85

Platform, the intermediary mortgage brand of The Co-operative Bank, has increased the loan to income ratio for qualifying mortgage applicants to 4.85 times income.

09 May 2017

FCA scraps plans for standalone equity release qualification

FCA scraps plans for standalone equity release qualification

The FCA has decided not to introduce a new standalone equity release qualification after receiving "mixed feedback" on whether there was a market need.

09 May 2017

Source replaces ASU offering with Lifestyle Insurance product

Source replaces ASU offering with Lifestyle Insurance product

Source Insurance has launched a brand new Lifestyle Insurance product featuring enhanced cover options, widened acceptance and simplified quote journey.

09 May 2017

How will Labour's £80k income tax plans affect pensions?

How will Labour's £80k income tax plans affect pensions?

Over the weekend, Labour’s John McDonnell announced if elected, the party would raise income tax for those earning in excess of £80,000.

09 May 2017

ASTL grows membership with bridging lender

ASTL grows membership with bridging lender

Global bridging lender Reditum Capital has joined the Association of Short Term Lenders.

09 May 2017

Buy-to-let rates begin to rise from record-lows

Buy-to-let rates begin to rise from record-lows

Buy-to-let fixed rates rose in April across two, three and five-year terms, according to Mortgages for Business data, which shows a near-perfect reversal of March’s reductions.

09 May 2017

Fleet appoints BDM for the South East

Fleet appoints BDM for the South East

Fleet Mortgages has announced the appointment of a new Business Development Manager covering the South East.

09 May 2017

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