Latest News

Charlotte Hogg to replace Minouche Shafik as BoE Deputy Governor

Charlotte Hogg to replace Minouche Shafik as BoE Deputy Governor

Charlotte Hogg will replace Minouche Shafik as the next Deputy Governor for Markets and Banking at the Bank of England.

09 Feb 2017

Pensions industry urges Treasury to scrap MPAA cut

Pensions industry urges Treasury to scrap MPAA cut

Hargreaves Lansdown is submitting "a highly critical response" to the Treasury's proposal to cut the Money Purchase Annual Allowance from £10,000 a year to £4,000, which the provider says is "causing widespread alarm across the pensions industry".

09 Feb 2017

Brilliant Solutions adds New Street to panel

Brilliant Solutions adds New Street to panel

Brilliant Solutions mortgage club has become the latest addition to the New Street’s distribution partners.

09 Feb 2017

Accord cuts offer time by six days

Accord cuts offer time by six days

Accord has reported a six day reduction in application to offer time in 2016, with over half of cases now being processed in less than 10 working days.

09 Feb 2017

Bank of England's PRA fines Japanese banking group £27m

iStock_000009992808Large.jpg

Bank of England's PRA fines Japanese banking group £27m

The Prudential Regulation Authority has fined The Bank of Tokyo-Mitsubishi UFJ Limited £17.85m and MUFG Securities EMEA £8.925m for "failing to be open and cooperative" with the PRA in relation to an enforcement action by the New York Department of Financial Services.

09 Feb 2017

Mortgage repossessions fall by further 25%: CML

Mortgage repossessions fall by further 25%: CML

The number of properties taken into possession last year declined by almost 25% to its lowest number since 1982, according to new data from the Council of Mortgage Lenders.

09 Feb 2017

Kent Reliance partners with TMA to provide direct submission route

Kent Reliance partners with TMA to provide direct submission route

Kent Reliance has partnered with The Mortgage Alliance to provide a direct submission route for its brokers and extend its specialist distribution network.

09 Feb 2017

Two and three-year BTL rates fall to record lows

Two and three-year BTL rates fall to record lows

Two and three-year buy-to-let fixed rates have fallen to all time lows, at 2.92% and 3.76% respectively, according to Mortgages for Business data.

09 Feb 2017

Furness BS appoints former Barclays MD as Finance Director

Furness BS appoints former Barclays MD as Finance Director

Furness Building Society has appointed Matthew Dobson as its new Finance Director.

09 Feb 2017

Responsible Equity Release to expand adviser team by 50%

Responsible Equity Release to expand adviser team by 50%

Responsible Equity Release is seeking to expand its national adviser team by 50% over the next six months as the market continues to grow.

09 Feb 2017

 

Housing stock remains "close to historic low": RICS

Housing stock remains "close to historic low": RICS

The UK sales market is continuing to lack momentum, with transaction volumes and enquiries both seeing relatively little change over the month, according to the latest RICS UK Residential Market Survey.

09 Feb 2017

Private but not secret

Private but not secret

‘Private Banking’ is a term that usually conjures up images of secret banking transactions being carried out on behalf Royal families, the landed gentry and wealthy individuals. That’s how private banking started, but is not a fair reflection of private banking today.

08 Feb 2017

How to overcome tighter lending restrictions

How to overcome tighter lending restrictions

What’s worrying you right now? If you’re following the current events in the US and, indeed, here in the UK, you’re probably thinking quite a lot! It’s been quite some years since we’ve been in a time of such political uncertainty and discontent.

08 Feb 2017

Lending Works launches IFISA

Lending Works launches IFISA

Lending Works has announced the launch of its Innovative Finance ISA and says it expects "significant uptake" after an internal survey found 88% of customers plan to open one.

08 Feb 2017

PFS launches adviser training programme

PFS launches adviser training programme

The Personal Finance Society has launched a new financial adviser development programme, offering support to employers of aspiring financial advisers across the UK.

08 Feb 2017

Supreme Court ruling could extend pension rights of unmarried couples

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Supreme Court ruling could extend pension rights of unmarried couples

The Supreme Court has today ruled in favour of a woman seeking access to her late partner's pension, which is excpected to improve the pension rights of unmarried couples across the UK.

08 Feb 2017

FSCS levy will hit best-qualified brokers hardest: NACFB

FSCS levy will hit best-qualified brokers hardest: NACFB

The £15m supplementary levy imposed on mortgage brokers by the FSCS will "hit the best-qualified brokers hardest", according to the National Association of Commercial Finance Brokers.

08 Feb 2017

Broker Conveyancing sees surge in post-Brexit activity

Broker Conveyancing sees surge in post-Brexit activity

Broker Conveyancing has reported a significant uplift in instructions both year-on-year and during the second half of 2016.

08 Feb 2017

Auto-enrolment robo guidance service launches

Auto-enrolment robo guidance service launches

A new robo guidance solution for employees has launched, claiming to be "as good as a one-to-one meeting for the majority of users".

08 Feb 2017

MPC member predicts upcoming rate rise

MPC member predicts upcoming rate rise

Kristin Forbes, External MPC Member at the Bank of England, says that if the economy remains solid and inflation continues, "this could soon suggest an increase in Bank Rate".

08 Feb 2017

Santander launches lowest ever fixed-rate at 0.99%

Santander launches lowest ever fixed-rate at 0.99%

Santander has launched its lowest ever fixed rate mortgage product - a 60% LTV 18 month fixed-rate at 0.99% with a £1,499 product fee.

08 Feb 2017

TMW cuts buy-to-let rates by up to 0.20%

TMW cuts buy-to-let rates by up to 0.20%

The Mortgage Works, the specialist buy-to-let arm of Nationwide, is reducing rates on selected fixed and tracker mortgages by up to 0.20%.

07 Feb 2017

Precise parent Charter Court set for 2017 IPO

Precise parent Charter Court set for 2017 IPO

Charter Court Financial Services, parent company of Precise Mortgages, has reportedly appointed Barclays and Royal Bank of Canada to advise on its initial public offering later this year.

07 Feb 2017

Brexit to spark soaring deficit as GDP shrinks by 3%: IFS

Brexit to spark soaring deficit as GDP shrinks by 3%: IFS

The deficit this year will be higher than "in all but 13 of the 60 years before 2008", with £17bn of tax rises planned relative to 2015–16, according to the IFS Green Budget.

07 Feb 2017

Govt pledges to 'fix broken housing market' in white paper

Govt pledges to 'fix broken housing market' in white paper

The Government's new white paper aims to fix Britain's "broken housing market" with thousands of new homes, an extension of its affordable homes programme, and longer-term tenancies.

07 Feb 2017

2016 – a year of lows and a few highs...

2016 – a year of lows and a few highs...

Take a headline from any of our quarterly product data analysis pieces and you'll get a fair idea of how the mortgage market faired in 2016.

07 Feb 2017

Leeds launches new interest only cashback deals

Leeds launches new interest only cashback deals

Leeds Building Society has launched two new interest only mortgages with £1,000 cashback.

07 Feb 2017

Current retirement housing can accommodate just 5%, warns think tank

Current retirement housing can accommodate just 5%, warns think tank

The government's plans to encourage older people to downsize could be flawed, as there is currently only enough specialist housing to accommodate 5% of the over-65 population, according to the International Longevity Centre – UK.

07 Feb 2017

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