Latest News

Mortgage Trust launches new fixed-rates

Mortgage Trust launches new fixed-rates

Mortgage Trust has launched a new range catering for buy-to-let purchases and remortgages which features some of the lowest rates ever offered by the lender.

17 Oct 2016

New lender submits banking license application

New lender submits banking license application

Acorn Financial Partners has submitted its banking licence application to the FCA and PRA and will trade as Redwood Bank, offering secured SME lending products to owner occupied businesses as well as to commercial and residential property investors.

17 Oct 2016

Clever Lending partners with Paradigm

Clever Lending partners with Paradigm

Clever Lending has joined the Paradigm Mortgage Services panel as a specialist lending partner.

17 Oct 2016

Equity release market sees record quarter post-Brexit

Equity release market sees record quarter post-Brexit

Retired homeowners are withdrawing more than £6.8 million of property wealth a day as the equity release market surges to a new high, according to research from Key Retirement.

17 Oct 2016

LMS partners with Leeds Building Society

LMS partners with Leeds Building Society

LMS has announced a new partnership with Leeds Building Society.

17 Oct 2016

'Two speed market' sparks record house prices in East of England

'Two speed market' sparks record house prices in East of England

House prices edged up by the "narrowest of margins" in September, as a 'two speed market' has become firmly established, according to the latest Your Move house price index.

17 Oct 2016

FCA finds 'no industry-wide or systemic failure' in annuity market

FCA finds 'no industry-wide or systemic failure' in annuity market

The Financial Conduct Authority has today published the findings of its thematic review of non-advised annuity sales practices.

14 Oct 2016

L&G announce new partnership with Prestige

L&G announce new partnership with Prestige

Legal & General have announced this morning that they are embarking on a strategic partnership with Prestige Underwriting Services Limited, allowing theml to expand their position in the home market and provide both firms with opportunities for further growth of their non-standard services across the UK. It will be in effect from 1 January 2017.

14 Oct 2016

Mortgage insurance protection - and how being prudent is necessary

Mortgage insurance protection - and how being prudent is necessary

Back in the day when Gordon Brown was making his Budget announcements or Autumn Statements, you would be able to make bets on how many times the then Chancellor used the word ‘prudent’.

14 Oct 2016

In the Spotlight with Daniel Harrison, True Potential LLP

In the Spotlight with Daniel Harrison, True Potential LLP

We spoke to Daniel Harrison, senior partner at True Potential LLP, about the FCA's robo-advice unit and what technology means for the adviser market.

14 Oct 2016

 

Credit scoring criteria tightens further in Q3

Credit scoring criteria tightens further in Q3

According to today's Q3 Credit Conditions Survey from the Bank of England, the availability of secured credit to households was unchanged in the three months to mid-September 2016, while credit scoring criteria tightened once again.

14 Oct 2016

Furness launches 95% 5-year fix

Furness launches 95% 5-year fix

Furness Building Society has launched a range of 5 year fixed rate products with its 95% offering.

14 Oct 2016

Openwork boosts lender panel with Danske Bank

Openwork boosts lender panel with Danske Bank

Openwork has announced that Danske Bank is joining its lender panel with immediate effect.

14 Oct 2016

Dudley BS and SMS launch exclusive product

Dudley BS and SMS launch exclusive product

Dudley Building Society, the intermediary focussed regional lender, has announced an exclusive 2 year fixed rate mortgage specifically for Openwork members through national specialist distributor, Solent Mortgage Services.

14 Oct 2016

Yorkshire Building Society appoints new CEO

Yorkshire Building Society appoints new CEO

Yorkshire Building Society has announced the appointment of Mike Regnier as Chief Executive.

14 Oct 2016

Nationwide slashes wide range of mortgage rates

Nationwide slashes wide range of mortgage rates

From today, Nationwide is reducing selected fixed, tracker and shared equity rates by up to 0.35%.

14 Oct 2016

Political turmoil - and the future for conveyancing

Political turmoil - and the future for conveyancing

It’s been interesting to see the conveyancing industry working as something of a collective over the last week or so, seemingly intent on tackling the slowdown in the housing market and laying the blame firmly at the door of George Osborne (with a dash of David Cameron thrown in for good measure).

13 Oct 2016

Definitions of Retirement and Pensioner

Definitions of Retirement and Pensioner

We live in a world where we like to have clearly defined labels.

13 Oct 2016

FCA bans payday lending director

FCA bans payday lending director

The Financial Conduct Authority has banned a payday lender director, Andrew Barry Hart, from performing any role in financial services.

13 Oct 2016

Accord rolls out new 90% LTV range

Accord rolls out new 90% LTV range

Accord is helping borrowers with smaller deposits by launching a selection of new 90% loan-to-value mortgages and reducing rates at this LTV tier by up to 0.23%.

13 Oct 2016

Homebuyer demand picks up according RICS

Homebuyer demand picks up according RICS

The Royal Institution of Chartered Surveyors has reported that for the first time since February, new buyer enquiries have increased, albeit modestly.

13 Oct 2016

LendInvest hires VP of Compliance

LendInvest hires VP of Compliance

Online property lending and investing business LendInvest has appointed Willem Wellinghoff as VP of Compliance.

13 Oct 2016

Prestige cuts rates & launches consumer BTL range

Prestige cuts rates & launches consumer BTL range

Prestige Finance, the second charge mortgage specialist and part of OneSavings Bank plc, has made reductions to all variable and fixed rates across its Prime Residential product range, and launches a consumer buy to let offering to complement the existing suite of BTL products.

13 Oct 2016

Precise adds The Loan Partnership to seconds panel

Precise adds The Loan Partnership to seconds panel

Precise Mortgages has added The Loan Partnership to its second charge loans preferred master broker panel.

13 Oct 2016

Magellan launches direct submission for DA & AR

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Magellan launches direct submission for DA & AR

Magellan Homeloans, the specialist mortgage lender, is opening-up its entire product range to both appointed representatives and directly authorised mortgage advisers, on a direct submission basis.

13 Oct 2016

Number of BTL products falls in Q3

Number of BTL products falls in Q3

According to the Complex Buy to Let Index from Mortgages for Business, the average number of buy to let mortgage products available on the market fell for the first time in Q3 since 2013, although product numbers still remain in the thousands.

12 Oct 2016

Govt considers age based pension top-ups

Govt considers age based pension top-ups

The Government is considering reforms to pension tax relief which would provide bigger incentives to save for younger workers with an aged based system.

12 Oct 2016

FCA fines bank £3.25m and restricts deposits

FCA fines bank £3.25m and restricts deposits

The Financial Conduct Authority has fined Sonali Bank (UK) Limited (SBUK) £3,250,600 and has imposed a restriction, preventing it from accepting deposits from new customers for 168 days.

12 Oct 2016

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