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Mortgage costs fall to record lows: CML

Mortgage costs fall to record lows: CML

Mortgage costs relative to household income reached a historic low in September for both first-time buyers and home movers, 17.8% and 17.7% respectively, according to CML data.

15 Nov 2016

House price growth remains 'stable' at 7.7%: UK HPI

House price growth remains 'stable' at 7.7%: UK HPI

The housing market is seeing a period of "relative stability" as prices grew by 7.7% in the year to September, unchanged from August, according to the latest UK house price index.

15 Nov 2016

Lifetime ISA mis-buying scandal a "real risk", warns Webb

Lifetime ISA mis-buying scandal a "real risk", warns Webb

Steve Webb, former pensions minister and Director of Policy at Royal London, has warned that there "is a real risk of a mis-buying scandal" as the wrong people take out Lifetime ISAs.

15 Nov 2016

FCA introduces cap on early exit pension charges

FCA introduces cap on early exit pension charges

The FCA has today announced its final rules on capping early exit charges for consumers eligible to access the Government’s pension reforms from age 55.

15 Nov 2016

Precise launches lowest ever HMO rate through 3mc

Precise launches lowest ever HMO rate through 3mc

3mc has launched an exclusive two-year tracker mortgage funded by Precise Mortgages, targeting both individual and limited company HMOs.

15 Nov 2016

Dudley BS partners with Tenet Group

Dudley BS partners with Tenet Group

Dudley Building Society has announced a new relationship with Tenet Group, which will see the lender providing mortgage products for Tenet advisers situated within 100 miles of the Dudley’s Principal Office.

15 Nov 2016

HML rebrands to Computershare as firms integrate

HML rebrands to Computershare as firms integrate

Residential mortgage servicer HML will re-brand as Computershare later this month, as part of plans to further integrate the two firms.

14 Nov 2016

NIESR to run new ONS economic statistics centre

NIESR to run new ONS economic statistics centre

The National Institute of Economic and Social Research has been selected to run the new Economic Statistics Centre of Excellence for the Office of National Statistics.

14 Nov 2016

Barclays launches limited edition remortgage rates

Barclays launches limited edition remortgage rates

Barclays is introducing a selection of new remortgage products available for a limited period, including reductions across the Reward Range which now offers a two-year fixed rate at 1.65% up to 65% LTV and a 2.45% five-year fix at 80% LTV.

14 Nov 2016

MAB and Freedom to launch telephone advice mortgage brokerage

MAB and Freedom to launch telephone advice mortgage brokerage

Mortgage Advice Bureau has partnered with Freedom Mortgages to launch a telephone advice mortgage brokerage.

14 Nov 2016

 

Average five-year fix falls below 3%

Average five-year fix falls below 3%

The cost of the average five-year fixed rate mortgage has fallen significantly over the past year to fall below 3.00% for the first time on record, according to Moneyfacts.

14 Nov 2016

SunLife to expand over-50s offering

SunLife to expand over-50s offering

Dean Lamble, previously Managing Director of SunLife, has been named as the firm's CEO as it prepares to expand more widely in the over-50s market.

14 Nov 2016

Conveyancing Association outlines plans for homemover portal

Conveyancing Association outlines plans for homemover portal

The Conveyancing Association has published its White Paper on ‘Modernising the Home Moving Process’ in which it claims that "we do not have a home moving process which is fit for purpose" and outlines how a future, more certain and transparent process could operate.

14 Nov 2016

FHL partners with L&G Mortgage Club

FHL partners with L&G Mortgage Club

Foundation Home Loans has announced a new partnership with Legal & General Mortgage Club.

14 Nov 2016

FTBs affected by resilient house prices: Rightmove

FTBs affected by resilient house prices: Rightmove

The price of property coming to market has recorded a resilient seasonal fall of 1.1% in November, a smaller drop than the 1.8% average over the last six years according to the latest Rightmove house price index.

14 Nov 2016

House price confidence falls to three-year low: Halifax

House price confidence falls to three-year low: Halifax

Confidence in the UK housing market has fallen to its lowest point in three years, according to the latest Halifax Housing Market Confidence Tracker.

12 Nov 2016

HMRC rule wiping 'hundreds of millions' off new mothers' pension rights

HMRC rule wiping 'hundreds of millions' off new mothers' pension rights

New mothers may have lost out on more than half a billion pounds in state pension rights in the last three years because of changes to the rules around Child Benefit, according to Royal London analysis.

12 Nov 2016

House prices see highest monthly rise since Q1

House prices see highest monthly rise since Q1

The housing market is showing 'mixed signals' as price inflation continues to rise despite transactions numbers slowing, according to the latest Your Move England & Wales House Price Index.

12 Nov 2016

In the Spotlight with Simon Read, Magellan Homeloans

In the Spotlight with Simon Read, Magellan Homeloans

We spoke to Simon Read, Managing Director at Magellan Homeloans, about the strongest opportunities for intermediaries in the current market and the importance of supporting complex prime customers.

11 Nov 2016

Zurich appoints ex Pru-Chief as UK CEO

Zurich appoints ex Pru-Chief as UK CEO

Zurich has announced the appointment of Tulsi Naidu as CEO of its UK business, subject to regulatory approval.

11 Nov 2016

Government announces new £18m housebuilding fund

Government announces new £18m housebuilding fund

Housing Minister Gavin Barwell has announced a new £18 million fund to speed up house building on large sites.

11 Nov 2016

Second charge lending volumes drop 1% year-on-year: FLA

Second charge lending volumes drop 1% year-on-year: FLA

New figures released today by the Finance & Leasing Association show that new second charge mortgage business grew 4% by value in September compared with the same month last year, but fell 1% by volume over the same period.

11 Nov 2016

Berkeley Alexander launches new AXA range for IFAs

Berkeley Alexander launches new AXA range for IFAs

Berkeley Alexander has announced the launch of a new range of intermediary products underwritten by AXA.

11 Nov 2016

JP Morgan Chief says long Brexit transition vital for banks

JP Morgan Chief says long Brexit transition vital for banks

The chairman and chief executive of JP Morgan has warned ‎Philip Hammond that a long transition period from Europe is essential for major international banks.

11 Nov 2016

British Friendly appoints new CEO

British Friendly appoints new CEO

British Friendly’s Distribution and Marketing Director Iain Clark has been announced as the friendly society’s new CEO, subject to regulatory approval.

11 Nov 2016

ONS to adopt CPIH as inflation measure by March 2017

ONS to adopt CPIH as inflation measure by March 2017

The ONS has confirmed that it will make CPIH its preferred measure of consumer price inflation by March 2017.

10 Nov 2016

Equifinance sees 65% post-MCD lending rise

Equifinance sees 65% post-MCD lending rise

Equifinance has attributed a surge in lending volumes to a "thriving seconds market" following the implementation of the Mortgage Credit Directive.

10 Nov 2016

Second-charge mortgage repossessions drop 36% in Q3

Second-charge mortgage repossessions drop 36% in Q3

The number of second-charge mortgage repossessions in Q3 2016 was 36, down 35.7% on the same quarter in 2015, according to figures from the Finance & Leasing Association.

10 Nov 2016

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