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FCA begins work with nine firms to bring automated advice to market

FCA begins work with nine firms to bring automated advice to market

The FCA's Advice Unit, born out of the Financial Advice Market Review, will support nine firms to develop automated models which seek to deliver lower cost advice.

22 Sep 2016

Countrywide sells entire Zoopla stake for £29.2m

Countrywide sells entire Zoopla stake for £29.2m

Countrywide has sold its remaining stake in property website Zoopla for a total of £29.2 million.

22 Sep 2016

BoE: end of Help to Buy won't affect provision of finance

BoE: end of Help to Buy won't affect provision of finance

The Bank of England's Financial Policy Committee believe that the planned closure of the Help to Buy: Mortgage Guarantee scheme "would be unlikely to affect significantly the provision of finance".

22 Sep 2016

If equity release is not the answer, what is the question?

If equity release is not the answer, what is the question?

When it comes to financial decisions, reviewing every possible avenue is critical. For those who are in retirement and planning how to finance the rest of their lives, these decisions are even more important. It's therefore disappointing to see FCA CEO Andrew Bailey's recent comments regarding equity release. Bailey warned that equity release was not the answer, so I must ask, 'What is the question?'

22 Sep 2016

CML: mortgage lending rebounds to hit nine-year high

CML: mortgage lending rebounds to hit nine-year high

The CML estimates that gross mortgage lending reached £22.5 billion in August - 7% higher than July’s lending total of £21.1 billion.

22 Sep 2016

Bridging lending defies Brexit uncertainty with 3.3% rise

Bridging lending defies Brexit uncertainty with 3.3% rise

Gross annual bridging lending increased to £4.4bn in July following the Brexit vote, with a 3.3% rise in lending since June, according to the latest West One Bridging Index.

22 Sep 2016

BoE: post-Brexit housing market resilient outside of London

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BoE: post-Brexit housing market resilient outside of London

Although housing market activity fell markedly in London and in parts of the surrounding area in the aftermath of the Referendum, it has "held up relatively well in other parts" of the United Kingdom, according to Bank of England research.

22 Sep 2016

Dudley BS launches expat range

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Dudley BS launches expat range

Dudley Building Society has launched new expat mortgages for purchase, remortgage and BTL with whole of term discount rates.

22 Sep 2016

Former LV= employee charged with bribery over data leak

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Former LV= employee charged with bribery over data leak

A former LV= employee has been charged with bribery offences following an investigation by the City of London Police’s Insurance Fraud Enforcement Department into the suspected leak of confidential data to a claims management company.

21 Sep 2016

EXCLUSIVE: Industry-first auction finance partnership goes live

EXCLUSIVE: Industry-first auction finance partnership goes live

Details of the properties pre-qualified by online mortgage lender LendInvest ahead of the next LOT11 auction are now live.

21 Sep 2016

 

L&G adds OneFamily to Later Life panel

L&G adds OneFamily to Later Life panel

Legal & General Mortgage Club has added OneFamily to its direct to lender Later Life Lending Panel.

21 Sep 2016

HMRC: August's residential transactions see "negligible change"

HMRC: August's residential transactions see "negligible change"

There has been "negligible change" in the number of residential property transactions between July and August, according to the latest HMRC UK Property Transaction Statistics.

21 Sep 2016

Aldermore offers free valuation on new two-year fixes

Aldermore offers free valuation on new two-year fixes

Aldermore has launched three new limited edition two-year fixed rate residential products with free valuation.

21 Sep 2016

Mortgage product choice soars 86% in two years

Mortgage product choice soars 86% in two years

The number of mortgage products available to UK mortgage advisers has increased by 86% over the past two years, according to research from Mortgage Brain.

21 Sep 2016

Coutts reduces ten-year fix by 1%

Coutts reduces ten-year fix by 1%

Coutts has reduced its ten-year fixed rate mortgage by 100bps to 2.99% as part of a series of cuts across its residential and buy to let ranges.

21 Sep 2016

Redefinition of financial advice to create new opportunities

Redefinition of financial advice to create new opportunities

The Treasury has launched its consultation on amending the definition of financial advice as recommended by the Financial Advice Market Review.

21 Sep 2016

Santander abandons plans to buy Williams & Glyn branches

Santander abandons plans to buy Williams & Glyn branches

Santander UK has reportedly pulled out of talks to acquire Royal Bank of Scotland's Williams & Glyn branches.

21 Sep 2016

Phoebus and Pure Retirement launch equity release solution

Phoebus and Pure Retirement launch equity release solution

Phoebus Software Limited and Pure Retirement have launched a new solution which aims to improve the adviser experience of equity release.

21 Sep 2016

YBS urges government to make stamp duty a seller’s tax

YBS urges government to make stamp duty a seller’s tax

Yorkshire Building Society is urging the Government to consider reforming stamp duty land tax to make it paid by sellers not buyers.

21 Sep 2016

Kent Reliance expands broker reach with new hire

Kent Reliance expands broker reach with new hire

Kent Reliance has appointed a new addition to its sales team in a bid to strengthen relationships with broker partners and intermediaries across the UK.

20 Sep 2016

Leeds offers £1,000 cashback on new fixed rates

Leeds offers £1,000 cashback on new fixed rates

Leeds Building Society is launching new two-year fixed rate deals with £1,000 cashback.

20 Sep 2016

Bank Rate cut drives mortgage sales recovery

Bank Rate cut drives mortgage sales recovery

The Bank of England interest rate cut helped buck the traditional summer slowdown for August mortgage sales with a 6.6% (£875m) increase on July, according to Equifax Touchstone.

20 Sep 2016

Online mortgage broker partners with Zoopla to offer five minute DIP

Online mortgage broker partners with Zoopla to offer five minute DIP

Zoopla Property Group and online mortgage broker Trussle have launched a new partnership which will see visitors to Zoopla's website offered a Mortgage in Principle within five minutes.

20 Sep 2016

L&G and Skipton announce GI partnership

L&G and Skipton announce GI partnership

Legal & General and Skipton Building Society have announced a five year general insurance distribution agreement.

20 Sep 2016

Losing single market access a 'significant risk' to financial services: Tyrie

Losing single market access a 'significant risk' to financial services: Tyrie

New FCA data has revealed the number of UK financial services firms using passports to do business in Europe.

20 Sep 2016

Advisers believe Brexit increases drawdown risk

Advisers believe Brexit increases drawdown risk

Annuity rate cuts and record low interest rates are risking the success of pension freedoms by limiting choices of guaranteed retirement income solutions and "pushing savers to unprotected drawdown", according to MetLife.

20 Sep 2016

Prudential launches 'save and withdraw' pensions product

Prudential launches 'save and withdraw' pensions product

Prudential is launching a new Retirement Account which contains two core elements within a single proposition – a Pension Savings Account and a Pension Income Account, designed to facilitate withdrawals at any time from age 55.

20 Sep 2016

TMA adds seven new lenders to direct panel

TMA adds seven new lenders to direct panel

TMA Mortgage Club, part of the LSL Property Services Group, has today announced that it is introducing seven new lenders to its direct lender panel.

20 Sep 2016

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