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Brexit to fuel demand for overseas pension transfers

Brexit to fuel demand for overseas pension transfers

Brexit will be a trigger for more people to move their British pensions out of the UK, according to DeVere Group CEO Nigel Green.

28 Jun 2016

Industry calls for critical illness inclusion in LISA

Industry calls for critical illness inclusion in LISA

Both industry professionals and the general public have urged the government to include critical illness and redundancy in the Lifetime ISA for penalty free withdrawal.

28 Jun 2016

Old Mutual Wealth to float in “managed separation”

Old Mutual Wealth to float in “managed separation”

Old Mutual has confirmed plans for a "managed separation" of the Group into its four constituent businesses: Old Mutual Emerging Markets, Nedbank, OMW and OMAM.

28 Jun 2016

Osborne to remain Chancellor after shunning leadership race

Osborne to remain Chancellor after shunning leadership race

George Osborne has ruled himself out of the Tory leadership race after stating that he "cannot provide the unity my party needs at this time".

28 Jun 2016

Lending irregularities cost Shawbrook £9m

Lending irregularities cost Shawbrook £9m

Shawbrook says it expects to book an additional impairment charge of £9 million in Q2 due to a number of loans being underwritten in its Asset Finance business that "did not meet the business’s strict lending criteria".

28 Jun 2016

Y3S latest lender to offer free AVMs on bridging

Y3S latest lender to offer free AVMs on bridging

Y3S is offering free Automated Valuations on some of its first and second charge bridging products.

27 Jun 2016

Precise plans product launch following reduction in swaps

Precise plans product launch following reduction in swaps

Precise Mortgages has announced that it is "business as usual" following the Brexit vote, and is considering launching new products this week to take advantage of the reduction in swaps, especially in 5 and 10 year products.

27 Jun 2016

OBR to cut forecast for bank share sales

OBR to cut forecast for bank share sales

The Office for Budget Responsibility is expected to slash its forecasts for the amount raised from bank share sales.

27 Jun 2016

Markets show "significant chance" of negative interest rates

Markets show "significant chance" of negative interest rates

The swaps market is now pricing in a 15% chance of UK interest rates turning negative over the course of the next year, on the back of the EU referendum result.

27 Jun 2016

Positive Lending offers free AVMs on bridging loans

Positive Lending offers free AVMs on bridging loans

Positive Lending is offering free Automated Valuations on selected first and second charge standard bridging loans.

27 Jun 2016

 

Mortgage cashback deals fall by 29%

Mortgage cashback deals fall by 29%

The number of mortgage products offering cashback has been declining steadily over the past year resulting in the number of available deals dropping by 280, according to new Moneyfacts data.

27 Jun 2016

Monthly mortgage lending defies uncertainty with 4% rise

Monthly mortgage lending defies uncertainty with 4% rise

Gross mortgage lending reached £18.2 billion in May - 4% higher than April and 14% higher than May 2015, according to the CML.

27 Jun 2016

New bond to substitute property deposit

New bond to substitute property deposit

A new bond aims to help buyers free up their cash until completion by acting as a substitute for the cash deposit between signing a contract of sale and completing on a property.

27 Jun 2016

Accord speeds up lending process with underwriting changes

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Accord speeds up lending process with underwriting changes

Accord Mortgages says that recent changes to its underwriting processing are giving brokers quicker lending decisions.

27 Jun 2016

Osborne: Brexit decisions delayed til Autumn

Osborne: Brexit decisions delayed til Autumn

George Osborne has said that decisions on what action should be taken following the outcome of the EU referendum "should wait for the OBR to assess the economy in the autumn, and for the new Prime Minister to be in place".

27 Jun 2016

Dudley BS cuts BTL rates by up to 0.95%

Dudley BS cuts BTL rates by up to 0.95%

Dudley Building Society has released a new range of products aimed at the BTL market, with some products seeing cuts of 95bps.

27 Jun 2016

Second charge: don't leave your client between a rock and a hard place

Second charge: don't leave your client between a rock and a hard place

With regulatory changes appearing to come thick and fast, it is perhaps no wonder there is often some confusion in advisory circles about certain responsibilities. Take for instance, a headline I read which said: ‘Eight out of 10 brokers to offer second charge’ – based on research L&G had conducted amongst the advisers attending its recent events.

24 Jun 2016

Brexit causes £80bn rise in DB deficit

Brexit causes £80bn rise in DB deficit

The decision to leave the European Union has caused the UK’s collective defined benefit deficit to rise by £80bn to its highest level of £900bn, according to pensions consultancy Hymans Robertson.

24 Jun 2016

P2P industry: Brexit will not disrupt our sector

P2P industry: Brexit will not disrupt our sector

The peer-to-peer industry says that its lending model is "very well placed for being part of an independent Britain".

24 Jun 2016

Brexit has "catastrophic implications" for FTBs, says advice firm

Brexit has "catastrophic implications" for FTBs, says advice firm

A mortgage advice firm has warned of "catastrophic implications" for the UK housing market as Britain leaves the European Union.

24 Jun 2016

FCA: Brexit has "significant implications" for UK

FCA: Brexit has "significant implications" for UK

In a statement released today, the FCA said that the UK vote to leave the European Union has "significant implications for the UK".

24 Jun 2016

Wait and see, say financial services experts after Brexit vote

Wait and see, say financial services experts after Brexit vote

Today, following the news that the UK has voted to leave the European Union, both sterling and shares have taken a steep tumble. The London stock market dropped more than 8% and the FTSE 100 index fell more than 500 points in the opening minutes of trading this morning. Banks were especially hard hit, with Barclays and RBS falling about 30%.

24 Jun 2016

Does Brexit signal the end of state pension Triple Lock?

Does Brexit signal the end of state pension Triple Lock?

The pensions industry has raised concerns that the vote to leave the EU will signal the end of the Triple Lock on state pensions.

24 Jun 2016

BoE to provide £250bn of additional funds to banks

BoE to provide £250bn of additional funds to banks

In a statement following the EU referendum result, Bank of England governor Mark Carney said the Bank "stands ready to provide more than £250bn of additional funds through its normal facilities" to support the functioning of markets.

24 Jun 2016

BoE to take "all necessary steps" to ensure stability

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BoE to take "all necessary steps" to ensure stability

The Bank of England has released a statement in response to the Brexit vote, saying it will take “all necessary steps” to ensure monetary and financial stability.

24 Jun 2016

Investments into UK equities fall 63% ahead of EU vote

Investments into UK equities fall 63% ahead of EU vote

UK investors have reduced their investment in UK and European equities and markedly increased their holdings in cash in the run-up to the EU referendum, according to investment platform rplan.

23 Jun 2016

Empowering brokers in the ‘FinTech’ age

Empowering brokers in the ‘FinTech’ age

In today’s highly competitive property market, brokers are under considerable pressure to ensure that the mortgage application process is both fast and efficient for customers. After all, today’s homebuyers rely on the speed of their broker to secure the properties they want.

23 Jun 2016

Positive Lending uses Precise AVM for first same day bridge

Positive Lending uses Precise AVM for first same day bridge

Positive Lending has provided their first ‘same day’ bridging offer by using Precise Mortgage’s new Automated Valuation process.

23 Jun 2016

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