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Homebuying activity hits ten-year high in February: CML

Homebuying activity hits ten-year high in February: CML

There were more loans advanced for house purchase in the February month than any February since 2007, according to the latest CML data.

11 Apr 2017

Inflation remains at above-target 2.3%

Inflation remains at above-target 2.3%

UK inflation remained at 2.3% in March, unchanged from February and the second month inflation has surpassed the Bank of England's 2% target, according to statstics from the ONS.

11 Apr 2017

Chris Bramham returns to Metropolis as Sean King steps down

Chris Bramham returns to Metropolis as Sean King steps down

Metropolis Surveyors has announced that its Commercial Director, Sean King, has left the business with former Brightstar Director and Head of Mortgages, Chris Bramham returning to the firm.

11 Apr 2017

Atom offers five-year fixes at two-year rates

Atom offers five-year fixes at two-year rates

Atom Bank has lowered its five-year fixed rates to match its two-year products for a limited time.

11 Apr 2017

95% LTV rates up 0.25% since end of Help to Buy

95% LTV rates up 0.25% since end of Help to Buy

The end of Help to Buy has contributed to rising high-LTV rates, according to new Moneyfacts data.

11 Apr 2017

Magellan partners with Connect for Intermediaries

Magellan partners with Connect for Intermediaries

Magellan Homeloans has announced plans to distribute its range of mortgage products via Connect for Intermediaries.

11 Apr 2017

Cost of stamp duty deters one in 12 homemovers

Cost of stamp duty deters one in 12 homemovers

More than one in 10 homeowners have decided against moving house due to stamp duty or mortgage issues, according to research from Nottingham Building Society.

11 Apr 2017

Where do robo-advisers take their market share from?

Where do robo-advisers take their market share from?

In technology circles there is always much talk about ‘digital disrupters’ – the energetic, often ‘bright young things’ who are going to revolutionise all kinds of markets. At the moment, I appear to be forever reading about the ‘Uberfication’ of various sectors – technology companies running apps that plan to turn the way we do things on their head, all with a swipe to the right/left or a drag-down. For every Uber that does do exactly that, there are hundreds (if not thousands) of tech-based ideas that are effectively solutions for problems that don’t exist. You can probably guess where they end up.

10 Apr 2017

deVere Group launches challenger bank

deVere Group launches challenger bank

deVere Group has entered the fintech sector with the launch of deVere Vault, a global e-money app which allows users to open an account in five minutes and offers a "single card, multi currency service."

10 Apr 2017

L&G enhances intermediary protection system

L&G enhances intermediary protection system

Legal & General has announced new upgrades to its protection case management system, Online Protection Connect.

10 Apr 2017

 

Sainsbury's enters mortgage market through L&C and L&G

Sainsbury's enters mortgage market through L&C and L&G

Sainsbury's Bank has launched into the mortgage market through initial intermediary pilot broker partner, L&C Mortgages, and Legal & General’s Mortgage Club.

10 Apr 2017

Shawbrook partners with Equity Release Club and The Loan Partnership

Shawbrook partners with Equity Release Club and The Loan Partnership

Equity Release Club and AIR Sourcing, the sourcing system for equity release and retirement lending products, have today announced a new relationship with Shawbrook Bank.

10 Apr 2017

Accord enters consumer buy-to-let market

Accord enters consumer buy-to-let market

Accord Buy To Let has announced that it will be entering the consumer buy-to-let market, making its full buy-to-let mortgage range available to consumer buy-to-let borrowers.

10 Apr 2017

FCA to investigate Barclays CEO over whistleblowing conduct

FCA to investigate Barclays CEO over whistleblowing conduct

The FCA and the Bank of England's PRA have launched an investigation into Jes Staley, Group Chief Executive Officer of Barclays, over an attempt to identify the author of a whistleblowing letter.

10 Apr 2017

Key Retirement expands specialist lending division

Key Retirement expands specialist lending division

Key Retirement has appointed Mark Blanchfield as Director of Specialist Lending to develop its specialist mortgage desk.

10 Apr 2017

Skipton sells £220m mortgage portfolio

Skipton sells £220m mortgage portfolio

Skipton Building Society has agreed the sale of a £220m mortgage portfolio from its subsidiaries Amber Homeloans Limited and North Yorkshire Mortgages Limited.

10 Apr 2017

£1m mortgages rise 24% year-on-year

£1m mortgages rise 24% year-on-year

The number of new residential mortgages worth over £1 million rose by 24% last year, according to research from peer-to-peer secured lending platform Lendy.

10 Apr 2017

Secret recording implicates Bank of England in Libor rigging

Secret recording implicates Bank of England in Libor rigging

A 2008 recording has been uncovered which implicates the Bank of England in the Libor rigging scandal during the financial crisis.

10 Apr 2017

In the Spotlight with Ian Ward, The Mortgage Partnership

In the Spotlight with Ian Ward, The Mortgage Partnership

We spoke to Ian Ward, MD at The Mortgage Partnership, about the impact of the buy-to-let changes and the growth of the lifetime mortgage market.

07 Apr 2017

The technology trends transforming the mortgage sector

The technology trends transforming the mortgage sector

With new technology solutions emerging by the day, the opportunities for the mortgage market to harness the power of these developments are endless. Unfortunately, many lenders appear to be reluctant to take advantage of these advancements.

07 Apr 2017

GDP growth remains steady at 0.5% in Q1

GDP growth remains steady at 0.5% in Q1

The National Institute of Economic and Social Research estimates that GDP output grew by 0.5% in the first three months of 2017.

07 Apr 2017

Masthaven launches new second-charge rates from 3.74%

Masthaven launches new second-charge rates from 3.74%

Masthaven has enhanced its second charge mortgage range and launched a new two-year discount product at 3.74% aimed at borrowers with a clean credit history in response to increasing broker demand.

07 Apr 2017

NatWest Intermediary Solutions begins lending in Northern Ireland

NatWest Intermediary Solutions begins lending in Northern Ireland

NatWest Intermediary Solutions has officially launched in Northern Ireland today, following the initial announcement last month.

07 Apr 2017

FCA bans and fines two spread betting employees for market abuse

FCA bans and fines two spread betting employees for market abuse

The FCA has banned and fined two former employees of spread betting firm Worldspreads, which collapsed in March 2012, for engaging in market abuse.

07 Apr 2017

Brexit negotiations pose risk to financial stability: Carney

Brexit negotiations pose risk to financial stability: Carney

Governor of the Bank of England, Mark Carney, has said that the global financial system is "at a fork in the road", predicting that the outcome of the Brexit negotiations will prove "highly influential" in determining which path it takes.

07 Apr 2017

Second charge lending volumes fall 12%

Second charge lending volumes fall 12%

Second charge mortgage new business fell 6% by value and 12% by volume in February, compared with the same month in 2016, according to the latest figures from the Finance & Leasing Association.

07 Apr 2017

FCA resumes HBOS investigation after six jailed

FCA resumes HBOS investigation after six jailed

The FCA is reinvestigating misconduct relating to Halifax Bank of Scotland following the conclusion of Thames Valley police action which resulted in six people being jailed.

07 Apr 2017

Accord cuts mortgage fees across LTV bands

Accord cuts mortgage fees across LTV bands

Accord Mortgages is launching a range of £495 fee mortgages for purchase or remortgage borrowers with lower loan sizes.

07 Apr 2017

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