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FCA reports fall in its gender and BAME diversity targets

FCA reports fall in its gender and BAME diversity targets

The FCA has reported a fall in the number of female and Black Asian Minority Ethnic employees in its senior leadership team.

31 Oct 2017

New PRA rules and base rate speculation push up BTL rates

New PRA rules and base rate speculation push up BTL rates

The average buy-to-let mortgage is beginning to increase since the introduction of stricter affordability rules, according to Moneyfacts data.

31 Oct 2017

Together appoints BDM for the South West and South Wales

Together appoints BDM for the South West and South Wales

Specialist lender Together has appointed a new business development manager for the South West and South Wales.

30 Oct 2017

Castle Trust revamps development finance offering

Castle Trust revamps development finance offering

Castle Trust Capital has expanded its development finance offering, introducing a number of changes including doubling its maximum loan size and increasing its lending limit to £20m on loans up to 65% GDV.

30 Oct 2017

Sainsbury’s Bank adds MAB and Stonebridge to panel

Sainsbury’s Bank adds MAB and Stonebridge to panel

Sainsbury’s Bank has added Mortgage Advice Bureau and Stonebridge Group to its broker panel.

30 Oct 2017

Nationwide reveals rate rise plans

Nationwide reveals rate rise plans

Nationwide Building Society has outlined its response to a potential rate rise this week, pledging further 0.50% cuts to residential mortgage rates.

30 Oct 2017

Product providers to contribute 25% of FSCS funds under FCA plans

Product providers to contribute 25% of FSCS funds under FCA plans

The FCA has published new proposals to change how the FSCS is funded, which would require product providers to contribute around 25% of the compensation costs which fall to the intermediation classes.

30 Oct 2017

Advice firms facing 'recruitment crisis' as 70% struggling to hire

Advice firms facing 'recruitment crisis' as 70% struggling to hire

The majority of financial advisers are concerned about attracting new recruits to the industry, according to Panacea Adviser research.

30 Oct 2017

Remortgaging hits 2017-high as purchase approvals dip: BoE

Remortgaging hits 2017-high as purchase approvals dip: BoE

Remortgaging approvals rose to 47,598 in September, the highest figure seen in 2017 so far, according to the latest Bank of England Money and Credit figures.

30 Oct 2017

Supply and demand hit six-month high but sales remain flat: NAEA

Supply and demand hit six-month high but sales remain flat: NAEA

Demand for housing and the number of properties available to buy both rose to the highest level seen since March, but sales remained flat, according to the NAEA's September Housing Report.

30 Oct 2017

 

VitalityHealth launches Adviser Hub platform

VitalityHealth launches Adviser Hub platform

VitalityHealth has launched its new Adviser Hub platform which will be rolled out to advisers throughout the autumn.

30 Oct 2017

The Mortgage Hut appoints Operations Director in growth drive

The Mortgage Hut appoints Operations Director in growth drive

The Mortgage Hut has appointed a new Operations Director as part of a growth plan to double the size of the business over the next 12-18 months.

30 Oct 2017

Equity release lending soars 44% to £800m in Q3

Equity release lending soars 44% to £800m in Q3

The value of equity release lending rose by 44% year-on-year in Q3, as lending passed £800 million in a single quarter for first time, according to the latest figures from the Equity Release Council.

30 Oct 2017

In the Spotlight with Peter Izard, Investec Private Bank

In the Spotlight with Peter Izard, Investec Private Bank

We spoke to Peter Izard, Business Development Manager at Investec Private Bank, about regulation in the mortgage sector and what's next for the sector in terms of technology, Brexit and interest rates.

27 Oct 2017

Pensions are not the only fruit - reaping the rewards of holistic later life advice

Pensions are not the only fruit - reaping the rewards of holistic later life advice

Last month we submitted a formal written response to the Parliamentary Work & Pensions Committee regarding its inquiry into the introduction of Pension Freedoms, whether they were working as planned, and in areas such as the PensionWise guidance service, whether this was doing the job it was set up to do.

27 Oct 2017

Hinckley & Rugby loosens like-for-like BTL remortgage affordability

Hinckley & Rugby loosens like-for-like BTL remortgage affordability

Hinckley & Rugby Building Society is now assessing like-for-like buy-to-let remortgages using a lower reference rate and has introduced a new online buy-to-let calculator for intermediaries.

27 Oct 2017

44% of Bank of Mum and Dad lenders don't expect to be repaid

44% of Bank of Mum and Dad lenders don't expect to be repaid

44% of parents who have lent money to their children think it’s unlikely they will ever see the full amount of money again, according to Prudential.

27 Oct 2017

Coventry launches 0.30% proc fee on residential product transfers

Coventry launches 0.30% proc fee on residential product transfers

Coventry for intermediaries will pay a proc fee of 0.30% for residential product transfers on all applications received from 24 November 2017.

27 Oct 2017

Fixed rate applications surge in October as rate rise looms

Fixed rate applications surge in October as rate rise looms

Yorkshire Building Society has seen a surge in the number of borrowers seeking fixed rate mortgages ahead of a potential Bank base rate rise next week.

27 Oct 2017

Deadline approaches for new conveyancing anti-fraud rules

Deadline approaches for new conveyancing anti-fraud rules

Licensed conveyancers have until Wednesday 1 November to implement mandatory anti-fraud measures introduced by the Council for Licensed Conveyancers.

27 Oct 2017

FCA launches new DB transfer redress calculations

FCA launches new DB transfer redress calculations

The FCA has published new guidance for firms who receive a complaint about defined benefit transfer advice, including new methodology for calculating redress which could increase the value of DB scheme benefits by over 20%.

27 Oct 2017

RBS reports £392m Q3 profits but awaits large US fine

RBS reports £392m Q3 profits but awaits large US fine

RBS has announced a third consecutive quarter of profits, with £392 million posted in the third quarter, but could post its tenth consecutive annual loss due to an impending US fine.

27 Oct 2017

Second HSBC banker to face trial in $3.5bn fraud case

Second HSBC banker to face trial in $3.5bn fraud case

Westminster Magistrates' Court has ruled that Stuart Scott, former HSBC head of currency trading, can be extradited from the UK to face fraud charges in New York.

27 Oct 2017

Treasury urges PRA to amend insurance regulation ahead of Brexit

Treasury urges PRA to amend insurance regulation ahead of Brexit

A Treasury Committee report on EU insurance regulation has urged the insurance industry and the PRA "to come to an understanding on what aspects of Solvency II can be changed unilaterally while the UK remains an EU member state".

27 Oct 2017

House price confidence falls to five-year low

House price confidence falls to five-year low

Confidence in UK house prices has fallen to its lowest level since December 2012, according to the latest Halifax research.

27 Oct 2017

TSB mortgage lending up 17.5% to £5.8bn

TSB mortgage lending up 17.5% to £5.8bn

TSB advanced £5.8 billion in new mortgage loans in the first nine months of 2017, up 17.5% on the same period last year, according to its financial results for the first nine months of 2017.

26 Oct 2017

Time is of the essence: Barclays Quarterly Review

Time is of the essence: Barclays Quarterly Review

Our Q2 remortgage market review ended on how busy intermediary firms would be over the later Summer months. At the time there were many indicators pointing to a continued upsurge in remortgage business. Although this period still faced its fair share of challenges and potential Brexit ramifications were still firmly under the microscope.

26 Oct 2017

Pension schemes forced to reveal fees under government proposals

Pension schemes forced to reveal fees under government proposals

For the first time, pension schemes will be required to publish the fees they charge their members, under government proposals announced today.

26 Oct 2017

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