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Equity release lending hits new record high in Q1

Equity release lending hits new record high in Q1

The equity release sector saw record annual growth in both lending and new customer volumes in Q1, showing sustained momentum following a record breaking 2016, according to data from the Equity Release Council.

24 Apr 2017

The Mansfield launches “fee light” two-year fixes

The Mansfield launches “fee light” two-year fixes

Mansfield Building Society has launched a new two-year fixed rate range up to 80% LTV at 1.75%, available for residential house purchase or remortgage.

21 Apr 2017

In the Spotlight with Robert McCoy, TMA Mortgage Club

In the Spotlight with Robert McCoy, TMA Mortgage Club

We spoke to Robert McCoy, Senior Product & Business Manager at TMA Mortgage Club, about the changing demographic of over 60s and the flexible benefits of lifetime mortgages that all advisers should know.

21 Apr 2017

National Friendly strengthens PMI intermediary proposition

National Friendly strengthens PMI intermediary proposition

National Friendly has appointed Wayne Carter as its Head of Sales and Marketing to help grow its Private Medical Insurance intermediary network.

21 Apr 2017

BoE should ease 3% mortgage affordability tests: CML

BoE should ease 3% mortgage affordability tests: CML

The CML has urged the Bank of England's financial policy committee to ease back on rules that require mortgage affordability to be assessed on the basis that interest rates could rise by 3% during the first five years.

21 Apr 2017

Stamp duty - the second hurdle for first-time buyers

Stamp duty - the second hurdle for first-time buyers

Dinner party conversations or chats with friends and acquaintances are not the best source of evidence should you be wishing to identify significant trends within any market – particularly the UK housing one – but they can give you a feel for what it’s like ‘out in the field’. It may well only give you a very local feel for how the market might be, and of course you’ll probably be interacting with a specific demographic group, but this anecdotal evidence can provide some insight.

21 Apr 2017

LV= pays record £77m in protection claims

LV= pays record £77m in protection claims

LV= paid out almost £77 million in new individual protection claims in 2016 - more than it has paid in any other year.

21 Apr 2017

Residential transactions recover in March: HMRC

Residential transactions recover in March: HMRC

Residential property transactions increased by 0.5% between February and March, following a 0.7% drop the previous month, according to seasonally adjusted estimates from HMRC.

21 Apr 2017

Mortgage sales soar 15.7% in March

Mortgage sales soar 15.7% in March

Northern Ireland saw the highest regional mortgage sales growth in March with a 21% increase on February, according to Equifax Touchstone research.

21 Apr 2017

PPI company director gets 10-year ban

Legal

PPI company director gets 10-year ban

Dean Anthony Spencer, director of Claim & Gain Limited, has been banned for ten years after the firm was found to be misleading customers and breaching government regulations.

21 Apr 2017

 

YBS launches lowest ever 0.89% mortgage rate

YBS launches lowest ever 0.89% mortgage rate

Yorkshire Building Society has launched the lowest mortgage rate ever available in the UK at 0.89%.

21 Apr 2017

Housing market settles into 'new lower normal': Halifax

Housing market settles into 'new lower normal': Halifax

Confidence in the UK housing market has stabilised to a "new lower normal" following a record decline after the EU referendum result, according to Halifax research.

21 Apr 2017

The ‘proper’ approach to protection

The ‘proper’ approach to protection

Protection insurance is rarely just bought; it’s sold. Brokers and lenders have a vital role in ensuring borrowers understand the obligations they’re taking on, and the real risks to their ability to meet them. Unfortunately, the evidence suggests we’re falling short.

20 Apr 2017

Accord doubles cashback offer

Accord doubles cashback offer

Accord Mortgages is giving borrowers a helping hand by doubling the amount of cashback on offer across its mortgage range.

20 Apr 2017

Fluent for Advisers hits out at 'second charge negativity'

Fluent for Advisers hits out at 'second charge negativity'

Fluent for Advisers, the intermediary focused arm of Fluent Money Group, has expressed its disquiet at the 'negative attitude from some quarters about the prospects for the second charge market'.

20 Apr 2017

TFC adds Equifinance to panel

TFC adds Equifinance to panel

Packager TFC Homeloans has joined forces with Equifinance, adding the lender to its second charge mortgage lender panel.

20 Apr 2017

Sesame and PMS launch exclusive product via Skipton

Sesame and PMS launch exclusive product via Skipton

Sesame and PMS have launched an exclusive two year fixed rate mortgage product to appointed representatives of its network and members of its mortgage club via Skipton Building Society, which is available for purchase customers up to 75% loan to value.

20 Apr 2017

Annual mortgage lending growth stalls in March

Annual mortgage lending growth stalls in March

The Council of Mortgage Lenders estimates that gross mortgage lending reached £21.4 billion in March - 19% lower than March last year.

20 Apr 2017

Remortgage activity 'rallies' in March: Connells

Remortgage activity 'rallies' in March: Connells

Remortgaging activity rose to 21% of the valuations market in March, increasing from 15% in March 2016, according to the latest research from Connells Survey & Valuation.

20 Apr 2017

Foundation Home Loans launches residential lending

Foundation Home Loans launches residential lending

Foundation Home Loans, the specialist lender, has today launched into residential lending.

20 Apr 2017

Over-45s 'vastly underestimating' their retirement budget

Over-45s 'vastly underestimating' their retirement budget

The typical UK household spends a staggering £1.9m over the course of a lifetime - and vastly underestimates their retirement needs, according to a new report ‘The Cost of Tomorrow’ from financial planning and investment management group Tilney.

19 Apr 2017

L&G pays out £606m for protection claims in 2016

L&G pays out £606m for protection claims in 2016

Legal & General has today released data showing the amount paid out on its individual protection products in 2016.

19 Apr 2017

Winners of the 2017 Financial Reporter Awards announced

Winners of the 2017 Financial Reporter Awards announced

Financial Reporter is delighted to announce the winners of its 2017 Industry Awards, which saw the intermediary community vote once again in record numbers to recognise the industry’s best and brightest.

19 Apr 2017

Mortgage costs continue to stabilise

Mortgage costs continue to stabilise

The cost of mortgages remain at record lows but, with little movement seen over the past three months, recent analysis from Mortgage Brain reveals that the cost of most mainstream mortgages continue to show signs of stabilisation.

19 Apr 2017

Magellan to distribute products via Brilliant Solutions

Magellan to distribute products via Brilliant Solutions

Magellan Homeloans has announced it will distribute its range of mortgage products via Brilliant Solutions.

19 Apr 2017

Marsden BS launches over 40 new products in range refresh

Marsden BS launches over 40 new products in range refresh

Marsden Building Society has refreshed its entire product range with new products across its residential, buy-to-let and older borrower portfolios.

19 Apr 2017

Majority of aspiring first-time buyers 'confident'

Majority of aspiring first-time buyers 'confident'

The latest analysis from My Home Move has found that the majority of people who are yet to set foot on the property ladder are ‘hopeful and confident’ about their chances.

19 Apr 2017

Key Retirement Group sold for £208m

Key Retirement Group sold for £208m

Phoenix Equity Partners has announced that it has agreed the sale of Key Retirement Group to global private markets investment manager Partners Group for £208 million.

19 Apr 2017

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