Latest News

Is the UK mortgage market heading into decline?

Is the UK mortgage market heading into decline?

According to the latest stats from the Council of Mortgage Lenders, first-time buyers borrowed more money than ever before to get on the housing ladder last year. A record £53.6bn of mortgage loans went to new property owners in the year, a rise of 13.5% year on year and the highest level since the CML data began in 2006. December’s borrowing of £4.8bn was also a record month for first-time buyers, helping propel the market to new heights.

30 Mar 2017

House sales hit ten-year high but FTB numbers dip

House sales hit ten-year high but FTB numbers dip

The number of sales agreed rose to a 10 year high in February, according to figures from the NAEA.

30 Mar 2017

Government appoints housebuilding expert to accelerate construction

Government appoints housebuilding expert to accelerate construction

The Homes and Communities Agency has appointed Stephen Kinsella as its new Director of Accelerated Construction.

30 Mar 2017

Help to Buy used by over a million

Help to Buy used by over a million

New government figures show that more than 259,000 people have now bought a home using one of the government’s flagship Help to Buy schemes, and over 868,000 have opened a Help to buy: ISA.

30 Mar 2017

Royal London sees 28% rise in new life and pensions business

Royal London sees 28% rise in new life and pensions business

Royal London has reported a 28% rise in new life and pensions business to £8,686m, strengthened by strong intermediary sales.

30 Mar 2017

London first-time buyer mortgages soar 71% since 2012

shutterstock_125020271.jpg

London first-time buyer mortgages soar 71% since 2012

The average mortgage taken out by a first-time buyer in London has increased by 71% since 2012, from £185,538 to £317,253 in 2017, according to research by Lloyds Bank.

30 Mar 2017

New equity release provider enters market

New equity release provider enters market

New equity release provider Responsible Lending has received full FCA approval and is set to launch into the market.

29 Mar 2017

Why self-employed workers should safeguard their finances

Why self-employed workers should safeguard their finances

The backlash that followed Chancellor Philip Hammond’s decision to raise national insurance contributions in his Spring Budget was a sure sign that the nation is all-too-aware aware of the challenges that self-employed people face. Just days later, he was forced to scrap the plans, pledging that there would be no increase during this parliament.

29 Mar 2017

Fourth annual FSE Manchester opens for registration

Fourth annual FSE Manchester opens for registration

Financial Services Expo Manchester is now open for registration, returning for its fourth year to provide advisers with a range of exhibitors, seminars and networking opportunities, as well as the opportunity to earn valuable CPD hours whilst enhancing their advice proposition.

29 Mar 2017

Scottish Widows expands interest-only repayment options

Scottish Widows expands interest-only repayment options

Scottish Widows Bank has expanded repayment options on selected interest-only mortgage products to include bonuses and cash.

29 Mar 2017

 

Castle Trust launches secure emails for brokers

Castle Trust launches secure emails for brokers

Castle Trust is introducing a new service which will enable the lender and its intermediary partners to correspond using encrypted emails quickly and easily.

29 Mar 2017

Mortgage approvals see first fall in six months: BoE

Mortgage approvals see first fall in six months: BoE

Mortgage approvals fell slightly in February to mark the first decline since August 2016, according to the latest Bank of England Money and Credit figures.

29 Mar 2017

Lighthouse Group joins Equity Release Council as first network member

Lighthouse Group joins Equity Release Council as first network member

The Equity Release Council has announced that Lighthouse Group has, through Lighthouse Advisory Services Limited, joined The Equity Release Council as its first financial services Network organisation member.

29 Mar 2017

West One Loans partners with Black Book Finance

West One Loans partners with Black Book Finance

West One Loans has entered into a strategic partnership with Black Book Finance to strengthen its offering to mortgage intermediaries.

29 Mar 2017

Pepper launches exclusive two-year fixes via L&G

Pepper launches exclusive two-year fixes via L&G

Pepper Homeloans has launched a range of two-year fixed rates starting from 2.40% exclusively via L&G Mortgage Club.

29 Mar 2017

Small deposit buyers grow market share to 20%

Small deposit buyers grow market share to 20%

Home buyers with small deposits made up more than a fifth of the mortgage market in February – "substantially higher" than both the previous month and the same point last year, according to e.surv figures.

29 Mar 2017

How prevalent is bad advice? (Part II)

How prevalent is bad advice? (Part II)

This blog continues the discussion from my previous article in which, I wrote about what “Bad Advice” looks like and covered some of its various shapes and forms. I also discussed the network model in relation to bad advice. Many thanks for your feedback and comments, they were much appreciated and are always welcomed.

28 Mar 2017

Buy to Let Club and Precise launch BTL second charge exclusives

Buy to Let Club and Precise launch BTL second charge exclusives

Buy to Let Club has teamed up with Precise Mortgages to offer their members an exclusive range of buy-to-let second charge products that are fixed for five years and come with no product fee.

28 Mar 2017

Scottish Friendly launches 'ISA first' Lifetime ISA option

Scottish Friendly launches 'ISA first' Lifetime ISA option

Scottish Friendly has revealed its plans for the Lifetime ISA market with the launch of a LISA Access option, which initially places the investor’s money in a Scottish Friendly My Choice ISA and allows the investor to move their money into a Lifetime ISA when they are ready.

28 Mar 2017

The Mansfield sees self-employed lending boost

The Mansfield sees self-employed lending boost

Mansfield Building Society has reported a 3.8% growth in mortgage assets in 2016 with 23% of new business coming from the self-employed.

28 Mar 2017

First-time buyers relying on parents hits record high

First-time buyers relying on parents hits record high

The proportion of first-time buyers relying on inherited wealth or loans from the ‘bank of mum and dad’ has reached a historic high and the trend looks set to continue, according to research by the Social Mobility Commission.

28 Mar 2017

Advisers forecast surge in DB transfer enquiries

Advisers forecast surge in DB transfer enquiries

65% of financial advisers expect client enquiries about transfers from DB to DC pension schemes to increase over the next 12 months, with almost a fifth (19%) expecting a “significant” increase.

28 Mar 2017

81% of advisers back risk-based FSCS levies

81% of advisers back risk-based FSCS levies

63% of advisers believe current FSCS levies are unfair and the vast majority, 81%, are in favour of more risk based levies, according to a poll by Aegon.

28 Mar 2017

Saffron cuts self-build mortgage rates by 1%

Saffron cuts self-build mortgage rates by 1%

Saffron For Intermediaries, the intermediary channel of Saffron Building Society, is running a Spring sale on its self-build mortgages.

28 Mar 2017

Vida cuts buy-to-let rates by up to 0.60%

Vida cuts buy-to-let rates by up to 0.60%

Vida Homeloans has cut its two-year tracker, two-year fixed and five-year fixed rates on buy-to-let products by up to 0.60% and reduced the revert rates across its entire buy-to-let product range.

28 Mar 2017

FCA orders Tesco to pay £85m redress for 'market abuse'

FCA orders Tesco to pay £85m redress for 'market abuse'

The FCA has ordered Tesco to establish a compensation scheme to compensate around 10,000 buyers of Tesco shares and bonds in relation to its overstatement of profits in 2014.

28 Mar 2017

Number of mothers missing out on state pension rights doubles

Number of mothers missing out on state pension rights doubles

New HMRC figures show a doubling in the number of mothers missing out on pension rights because of a change in the rules on child benefit.

27 Mar 2017

Are longer term fixed rates the new norm?

Are longer term fixed rates the new norm?

A few years ago, an innovative building society introduced ground-breaking ‘Fixed for Term’ mortgage products. It launched residential and BTL versions, with various options for Early Repayment Charges. They sold like hot cakes despite having relatively high interest rates.

27 Mar 2017

Latest Money Careers

Popular this week

Buy-to-let
Roadshow 2017

15th - 23rd November

4 days
7 specialists
4 locations
Free to attend

Click here to register now