Latest News

Principality to offer retention proc fees

Principality to offer retention proc fees

Principality Building Society has announced plans to introduce retention procuration fees later this year once system functionality is complete.

20 Mar 2017

Is Hammond is letting pension scammers off the hook with QROPS tax?

Is Hammond is letting pension scammers off the hook with QROPS tax?

A pensions campaign group has warned that Philip Hammond is "letting pension scammers off the hook" by targeting legitimate firms with bona fide, compliant products.

20 Mar 2017

Y3S opens Manchester office

Y3S opens Manchester office

Welsh specialist mortgage broker Y3S has today opened the doors of its first office outside of its indigenous borders.

20 Mar 2017

Bank of Ireland revamps self-employed mortgage criteria

Bank of Ireland revamps self-employed mortgage criteria

Bank of Ireland UK has introduced a new offering for contractors in a move to further support self-employed borrowers.

20 Mar 2017

Skipton announces launch of Lifetime ISA

Skipton announces launch of Lifetime ISA

Skipton has become the first savings provider on the high street to confirm it will offer the Lifetime ISA from June.

20 Mar 2017

The Nottingham expands mortgage club distribution

The Nottingham expands mortgage club distribution

The Nottingham is expanding its mortgage club distribution with the addition of four new firms.

20 Mar 2017

Mortgage broker announces business expansion

Mortgage broker announces business expansion

Monica Bradley Associates, part of the Mortgage Advice Bureau network, has expanded to a second site to assist its growing number of clients with specialist services including mortgages, estate planning and insurance.

20 Mar 2017

First Complete and Pink urge ARs to respond to FSCS consultation

First Complete and Pink urge ARs to respond to FSCS consultation

First Complete and Pink have warned that mortgage and protection customers could end up being the biggest losers if advisers do not respond to the FCA’s consultation paper this month.

20 Mar 2017

Dragonfly founder launches new specialist lender

Dragonfly founder launches new specialist lender

Jonathan Samuels, the founder of Dragonfly Property Finance, has returned to the specialist lending market with the launch of Octane Capital.

20 Mar 2017

House prices see 1.3% monthly surge

House prices see 1.3% monthly surge

Average house prices have jumped up 1.3% (+£3,877) in March - a figure that has only been beaten once since 2007, according to the latest Rightmove house price index.

20 Mar 2017

 

Secure Trust Bank launches into UK mortgage market

Secure Trust Bank launches into UK mortgage market

Secure Trust Bank has entered the mortgage market with the launch of Secure Trust Bank Mortgages.

20 Mar 2017

Over 55s risk falling prey to inheritance ‘sibling tax trap’

Over 55s risk falling prey to inheritance ‘sibling tax trap’

More than 1.7million over 55s could miss out on the upcoming increased nil-rate inheritance tax band (the Family Home Allowance) because they've assigned their sibling to inherit their family home and not a direct descendant, according to the latest research from LV= Legal Services.

18 Mar 2017

Step One Finance launches broker portal

Step One Finance launches broker portal

Specialist lender Step One Finance has launched its online broker portal following a trial.

17 Mar 2017

Retirement lending: the future looks bright

Retirement lending: the future looks bright

Retirement lending has experienced an overwhelming rise in popularity, with more and more older people turning to their properties to fund their life ‘after work’. Whether homeowners are planning to pay for home improvements, holidays or helping family members with a deposit to get on the property ladder, there are now a variety of good-value retirement lending solutions including lifetime mortgages and other products on the market to help fit their needs.

17 Mar 2017

Bank of England launches fintech Community

Bank of England launches fintech Community

The Bank of England FinTech Accelerator has launched a new Community, bringing together fintech-related organisations to engage with the Bank, share insights on trends and support development of the sector.

17 Mar 2017

Electronic log books loom for UK homes

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Electronic log books loom for UK homes

Homeowners will publish electronic log books containing a detailed history of all maintenance and improvements before their house goes on the market, under new industry plans.

17 Mar 2017

Affordability gap widens to record 7.6 times income

Affordability gap widens to record 7.6 times income

On average, working people are paying around 7.6 times their annual earnings on purchasing a home in England and Wales, more than doubling over the last 20 years, according to the ONS.

17 Mar 2017

Brilliant Solutions adds Buckinghamshire to panel

Brilliant Solutions adds Buckinghamshire to panel

Brilliant Solutions has added Buckinghamshire Building Society to its lender panel, meaning brokers can now access residential, contractor, and buy-to-let products through the distributor.

17 Mar 2017

House price gap continues to grow: ONS

House price gap continues to grow: ONS

House prices in the cheapest neighbourhoods are becoming cheaper whilst the most expensive neighbourhoods are seeing house prices accelerate, according to data from the ONS.

17 Mar 2017

Nucleus appoints Angus Samuels to succeed Paul Bradshaw

Nucleus appoints Angus Samuels to succeed Paul Bradshaw

Angus Samuels has been appointed as non-executive chairman of Nucleus Financial Group, succeeding Paul Bradshaw who passed away in January.

17 Mar 2017

One in four say it's impossible to buy alone

One in four say it's impossible to buy alone

One in four young people feel it will be impossible to buy their own home without a partner, according to research from Post Office Money Mortgages.

17 Mar 2017

We’ve got to start thinking beyond our ‘guns’ to attract new financial advisers

We’ve got to start thinking beyond our ‘guns’ to attract new financial advisers

When contemplating the future of the financial advice industry, I can’t help but be reminded of the late sixties movie The Wild Bunch. Set in 1913 Texas, the film follows an ageing gang of outlaws looking for one final score as the traditional American West disappears around them.

17 Mar 2017

Lifetime mortgages become fastest growing product

Lifetime mortgages become fastest growing product

A record-breaking year for equity release in 2016 saw lifetime mortgages become the fastest growing segment of the mortgage market in terms of customer numbers, according Equity Release Council data.

17 Mar 2017

Yorkshire BS launches 0.99% fixed-rate

Yorkshire BS launches 0.99% fixed-rate

Yorkshire Building Society is launching a 0.99% two-year product - its lowest ever fixed rate and the only fixed rate product currently available at less than 1%.

16 Mar 2017

Bank of England votes 8-1 to maintain Bank Rate

Bank of England votes 8-1 to maintain Bank Rate

The Bank of England’s Monetary Policy Committee has voted by a majority of 8-1 to maintain Bank Rate at 0.25%, with Kristin Forbes voting to increase Bank Rate by 25 basis points.

16 Mar 2017

The domino effect: reviewing the stance on retention procuration fees

The domino effect: reviewing the stance on retention procuration fees

It has been a particularly interesting time for the intermediary mortgage market recently, thanks to mainstream mortgage lenders re-evaluating their stance on retention procuration fees. A review of the retention proposition for brokers is long overdue, so these recent developments will be welcome news for intermediaries across the country.

16 Mar 2017

Homeownership out of reach for two-thirds of self employed

Homeownership out of reach for two-thirds of self employed

Nearly two thirds (62%) of self-employed people do not know how they will manage to buy their first home whilst a third of recent first time buyers say they had to give up being self-employed to get a mortgage, according to new Aldermore research.

16 Mar 2017

Ipswich BS to consider zero hour contract mortgage applicants

Ipswich BS to consider zero hour contract mortgage applicants

Ipswich Building Society has amended its lending terms to allow creditworthy zero hour contract workers access to its range of mortgage products.

16 Mar 2017

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