Latest News

Pension transfers rise 11% in Q2

Pension transfers rise 11% in Q2

Transfers across all pension products saw a quarterly rise of 11.0% (£407.5 million) in Q2, with total pension investments at a new record high, according to data from Equifax Touchstone.

08 Sep 2016

Bankhall and PMS launch DA compliance support service

Bankhall and PMS launch DA compliance support service

Bankhall has announced the launch of Mortgage & Protection Assist, a new compliance support service developed in partnership with PMS Mortgage Club for firms who are directly authorised by the FCA.

08 Sep 2016

British Friendly CEO steps down

British Friendly CEO steps down

British Friendly CEO Mark Myers is standing down in 2017 after nearly seven years in the role.

08 Sep 2016

RICS: house price inflation regains momentum

RICS: house price inflation regains momentum

Confidence is gradually returning to the housing market following a significant drop immediately after the EU referendum, according to the latest RICS Residential Market Survey.

08 Sep 2016

Rule changes spark lifetime mortgage revamp at more 2 life

Rule changes spark lifetime mortgage revamp at more 2 life

more 2 life has temporarily removed its Interest Choice Plan from the market so it can be redesigned in light of FCA rule changes on lifetime mortgages.

08 Sep 2016

Mortgage market remains a 'mixed picture' as approvals drop 4.9%

Mortgage market remains a 'mixed picture' as approvals drop 4.9%

Mortgage approvals totalled 65,907 in July - 4.9% lower than in July 2015 according to e.surv, who say the "summer mortgage picture remains mixed for borrowers".

08 Sep 2016

NIESR: UK economy in the midst of a slowdown

NIESR: UK economy in the midst of a slowdown

NIESR's monthly estimates of GDP suggest that output grew by 0.3% in the three months ending in August 2016 after growth of 0.4% in the three months ending in July 2016.

07 Sep 2016

Chancellor meets with banking bosses to 'maximise Brexit opportunities'

Chancellor meets with banking bosses to 'maximise Brexit opportunities'

Chancellor Philip Hammond has hosted a roundtable discussion on the issues affecting the financial services industry post-Brexit.

07 Sep 2016

Skipton launches intermediary exclusive BTL range

Skipton launches intermediary exclusive BTL range

Skipton Intermediaries has launched new three-year buy-to-let intermediary exclusive products.

07 Sep 2016

Kensington launches specialist new build range

Kensington launches specialist new build range

Kensington has revamped its mortgage range with rate cuts, the launch of a specialist new build proposition and new premier products for large loans.

07 Sep 2016

 

FCA rule changes to trigger retirement lending surge: more 2 life

FCA rule changes to trigger retirement lending surge: more 2 life

more 2 life says it welcomes the recent move by the FCA to relax the rules surrounding lifetime lending which have "previously been restricting the market".

07 Sep 2016

Help to Buy ISA scandal: the onus is now on lenders

Help to Buy ISA scandal: the onus is now on lenders

The Financial Services Industry is sadly no stranger to mis-selling scandals. Those of us who have been around for some time will remember the furore of the endowment scandal and the general insurance market is still feeling the repercussions of the Payment Protection Insurance scandal (and indeed the banks are still feeling the hit to their profits!).

07 Sep 2016

Government pushes ahead with Lifetime ISA launch

Government pushes ahead with Lifetime ISA launch

The Government has published its Savings (Government Contributions) Bill covering details of the Lifetime ISA, confirming that it is continuing with plans to launch the product in April 2017.

07 Sep 2016

Bluestone adds Clever Lending to first charge panel

Bluestone adds Clever Lending to first charge panel

Clever Lending has joined Bluestone Mortgages' panel as a distributor of their first charge mortgage products.

07 Sep 2016

Halifax: annual house price growth slows to 6.9%

Halifax: annual house price growth slows to 6.9%

House prices in the three months to August were 6.9% higher than the previous year - the lowest yearly growth rate since October 2013, according to the latest Halifax house price index.

07 Sep 2016

A third of second charge loans used for home improvement

A third of second charge loans used for home improvement

Around one in three second charge loans are being taken out for home improvements in 2016, highlighting a shift away from debt consolidation as the market opens up to new customers, according to specialist master broker V Loans.

07 Sep 2016

Together cuts buy-to-let rates by 0.65%

Together cuts buy-to-let rates by 0.65%

Together has cut the interest rate on its buy-to-let light plan by 0.65%, available for loans of up to £400,000, with a 70% LTV.

07 Sep 2016

Monmouthshire BS mortgage lending drops 23%

Monmouthshire BS mortgage lending drops 23%

Monmouthshire Building Society has reported annual gross mortgage lending of £139m - a 23.4% drop from £181.4m the previous year.

07 Sep 2016

Hargreaves Lansdown decides not to enter secondary annuity market

Hargreaves Lansdown decides not to enter secondary annuity market

Hargreaves Lansdown says it will not be offering a broking service for investors to sell their annuities when the government’s scheme launches next year, citing the 'potential risks to consumers' and expected low demand for suitable transactions.

06 Sep 2016

Steven Dodd joins more 2 life as Head of Operations

Steven Dodd joins more 2 life as Head of Operations

more 2 life has announced the appointment of Steven Dodd as Head of Operations.

06 Sep 2016

Legal & General Conveyancing Services launches

Legal & General Conveyancing Services launches

Legal & General Mortgage Club is expanding its conveyancing proposition with the launch of the launch of Legal & General Conveyancing Services, offering brokers a bespoke solution for their conveyancing needs.

06 Sep 2016

HLPartnership adds Crystal Specialist Finance to panel

HLPartnership adds Crystal Specialist Finance to panel

HLPartnership has selected Crystal Specialist Finance as its preferred commercial and bridging distributor partner.

06 Sep 2016

Investec cuts buy-to-let rates by up to 1%

Investec cuts buy-to-let rates by up to 1%

Investec Private Banking is introducing new LTV bands on its buy-to-let mortgages with rates up to 1% lower than its current offering.

06 Sep 2016

Drop in whistleblowing shows "clear need for culture shift"

Drop in whistleblowing shows "clear need for culture shift"

The FCA saw a 19% drop in the number of whistleblowing reports received in 2015, despite the introduction of new whistleblowing procedures.

06 Sep 2016

Rob Jupp: The plight of first time buyers

Rob Jupp: The plight of first time buyers

The very slight softening of house prices seems to be the only good news for first time buyers at the moment. Despite record employment figures for 16-64 year olds, home buying seems to be ever further out of their reach.

06 Sep 2016

Clydesdale and Yorkshire launch lowest five-year fix

Clydesdale and Yorkshire launch lowest five-year fix

Clydesdale and Yorkshire Banks have launched a new range of new mortgages, including their lowest ever five-year fixed rate from 2.44% at 85% LTV.

06 Sep 2016

Ill health forces one in eight to retire early

Ill health forces one in eight to retire early

The pensions industry is calling for early state pension access for everyone in their early 60s at a reduced level, as new TUC research shows that one in eight people are too ill or disabled to work by state pension age.

06 Sep 2016

AMI warns of potential arrears problem brewing in banks

AMI warns of potential arrears problem brewing in banks

The AMI has raised concerns that there are a potentially disproportionately low proportion of possessions given the number of borrowers in fairly serious arrears, and is questioning whether there is a "problem brewing in banks".

06 Sep 2016

Latest Money Careers

Popular this week

Buy-to-Let Roadshow
April 2017

18th-21st April

4 days
7 specialists
4 locations
Free to attend

Click here to register now