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Kensington cuts specialist distributor rates by up to 0.55%

Kensington cuts specialist distributor rates by up to 0.55%

3mc has today confirmed that Kensington is cutting rates on its specialist distributor range, which is available via selected packagers, by up to 0.55%.

16 Feb 2017

Paragon launches new broker portal

Paragon launches new broker portal

BEP Systems has assisted in the implementation of a new broker portal platform on behalf of Paragon Group.

16 Feb 2017

Remortgage is not the only option

Remortgage is not the only option

Coming into the year, you could sense the hope that the resurgence in remortgage activity seen in the second half of 2016, would continue into 2017. We don’t have any remortgage statistics for January yet, however I’m suspecting that it has continued in a strong vein – certainly when you look at the product price cutting that took place throughout the first 31 days of the year, it’s clearly apparent that lenders are wanting to take market share and that pricing has been the choice of many to do this.

15 Feb 2017

Lenders urge networks to offer specialist support

Lenders urge networks to offer specialist support

The majority of the UK’s specialist lenders would like to see mortgage networks work more closely with specialist distribution firms in 2017, according to Vantage Finance research.

15 Feb 2017

Beverley BS to pay flat 0.35% proc fee

Beverley BS to pay flat 0.35% proc fee

Beverley Building Society has launched a flat fee of 0.35% for all mortgages, with no differentiation in fee between retention and new business.

15 Feb 2017

TMA urges brokers to fight "unfair" FSCS levy

TMA urges brokers to fight "unfair" FSCS levy

TMA Mortgage Club is urging brokers to respond to an FCA consultation paper on the way the current Financial Services Compensation Scheme is funded.

15 Feb 2017

Bank of Ireland UK launches 95% LTV range

Bank of Ireland UK launches 95% LTV range

Bank of Ireland UK has launched a new range of 95% LTV mortgages, designed to provide support to those who can no longer benefit from the Government’s Help to Buy scheme.

15 Feb 2017

Stonebridge Group adds AIG and Royal London to panel

Stonebridge Group adds AIG and Royal London to panel

From today, Stonebridge AR firms and members of its DA proposition, Stonebridge Genus, will have access to two new providers, AIG and Royal London.

15 Feb 2017

Skipton BS to sell £250m mortgage book

Skipton BS to sell £250m mortgage book

Skipton Building Society is reportedly seeking the sale of a £250m portfolio of mortgage loans issued under the Amber Homeloans brand.

15 Feb 2017

Adviser handed 15-year bankruptcy restriction order

Adviser handed 15-year bankruptcy restriction order

A financial adviser has been handed the maximum bankruptcy restriction order of 15 years for managing a limited company despite being declared bankrupt and subject to a lengthy director’s ban.

15 Feb 2017

 

Principality BS reports record mortgage lending in 2016

Principality BS reports record mortgage lending in 2016

Principality Building Society has announced record lending to homeowners with gross mortgage applications of £2bn for the first time in its history.

15 Feb 2017

A third of cohabitees have not named pension beneficiary

A third of cohabitees have not named pension beneficiary

More than one in five (21%) cohabitees believe they would inherit their partner’s final salary pension if they passed away, despite not all schemes paying benefits to unmarried partners, according to new Aviva research.

15 Feb 2017

HSBC appoints CEO of UK ring-fenced bank

HSBC appoints CEO of UK ring-fenced bank

HSBC has today announced that Ian Stuart will become the first Chief Executive of HSBC UK, its new ring-fenced bank, subject to regulatory approval.

14 Feb 2017

Savings rate rises overtake reductions after 15 months of cuts

Savings rate rises overtake reductions after 15 months of cuts

Savings rate rises have finally overtaken reductions during the month of January, after 15 consecutive months of cuts.

14 Feb 2017

Newcastle BS expands 'All in One' Help to Buy range

Newcastle BS expands 'All in One' Help to Buy range

Following its entry into the Help to Buy market in December, Newcastle Intermediaries has introduced two new All in One products.

14 Feb 2017

Leek United BS launches online intermediary service

Leek United BS launches online intermediary service

Leek United Building Society has launched an online service for its mortgage intermediaries.

14 Feb 2017

Kensington cuts rates by up to 0.50%

Kensington cuts rates by up to 0.50%

Kensington Mortgages has cut rates across its residential and buy-to-let products, launching a 2.99% two-year fixed rate residential mortgage at 75% LTV as part of the changes.

14 Feb 2017

First-time buyer borrowing at record high: CML

First-time buyer borrowing at record high: CML

First-time buyers borrowed more in 2016 than any other year since CML records began in 1974, according to its latest data.

14 Feb 2017

House prices defy seasonal slowdown with 7.2% December rise

House prices defy seasonal slowdown with 7.2% December rise

Average house prices in the UK increased by 7.2% in the year to December 2016, up from 6.1% in the year to November 2016, according to the UK House Price Index from the ONS and Land Registry.

14 Feb 2017

Inflation rises to 1.8%: ONS

Inflation rises to 1.8%: ONS

The Consumer Prices Index rose by 1.8% in the year to January 2017, up from 1.6% in the year to December 2016, according to the latest ONS statistics.

14 Feb 2017

Vida Homeloans partners with Mortgage Intelligence

Vida Homeloans partners with Mortgage Intelligence

Vida Homeloans has been appointed to the Mortgage Intelligence panel of lenders for both network and club members.

14 Feb 2017

Technology blurs distinction between advice and guidance: FCA Chair

Technology blurs distinction between advice and guidance: FCA Chair

The distinction between advice and guidance has "become much greyer" with an increase in technology and the arrival of robo-advice, according to FCA Chairman John Griffith-Jones.

14 Feb 2017

Barclays to pay stamp duty for first-time buyers

Barclays to pay stamp duty for first-time buyers

Barclays Mortgages has launched the Barclays Homebuyer Cashback Mortgage, designed to help first-time buyers or homemovers recover the cost of stamp duty on their new property purchases.

14 Feb 2017

Is the buy-to-let sector entering a period of stabilisation?

Is the buy-to-let sector entering a period of stabilisation?

Buy-to-let mortgage costs remain at record lows with little movement in rates over the past three months, according to Mortgage Brain research.

13 Feb 2017

FTB applications surge 91% year-on-year

FTB applications surge 91% year-on-year

Yorkshire Building Society has reported a 91% increase in first-time buyers seeking a 95% LTV mortgage between January 2016 and January 2017.

13 Feb 2017

Housing supply doubles in January after seasonal slump

Housing supply doubles in January after seasonal slump

The number of new properties listed across the UK almost doubled in January compared to the previous month, according to the latest Property Supply Index from HouseSimple.

13 Feb 2017

Vida Homeloans revamps buy-to-let proposition

Vida Homeloans revamps buy-to-let proposition

Vida Homeloans has strengthened its buy-to-let proposition in response to the new PRA underwriting standards.

13 Feb 2017

Prudential to withdraw from annuity market

Prudential to withdraw from annuity market

Prudential plans to withdraw from the annuity market in 2017 and will instead launch an annuity comparison service for its existing pension customers which will be phased in across 2017.

13 Feb 2017

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