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Zurich's Matthew Connell joins the CII

Zurich's Matthew Connell joins the CII

The Chartered Insurance Institute has appointed Matthew Connell as director of policy and engagement for both the CII and Personal Finance Society.

15 Mar 2017

Welsh Government moves to abolish Right to Buy

Welsh Government moves to abolish Right to Buy

The Welsh Government has proposed new legislation to abolish Right to Buy in a bid to increase the supply of social housing.

15 Mar 2017

Shawbrook launches over-55s interest-only range

Shawbrook launches over-55s interest-only range

Shawbrook Bank has announced the launch of its 55 Plus interest only mortgage, aimed at those who are nearing the end of their existing interest-only arrangement, but have an outstanding balance.

15 Mar 2017

Helping Jessie (and those like her)

Helping Jessie (and those like her)

I recently had a conversation with Jessie. She is in her late fifties and works as a specialist nurse in a GP Practice. Despite being in a well paid secure job, Jessie has a problem.

14 Mar 2017

FTB mortgage share hits post-crisis high

FTB mortgage share hits post-crisis high

The proportion of first-time buyers taking out a mortgage reached its highest level since Bank of England records began in 2007, according to its latest Mortgage Lenders and Administrators Statistics.

14 Mar 2017

Prudential sets aside £175m for annuity sales review

Prudential sets aside £175m for annuity sales review

Prudential has set aside a £175 million provision to cover the cost of a review into past non-advised annuity sales practices and related potential redress.

14 Mar 2017

One in five expect to retire with just £2,500

One in five expect to retire with just £2,500

One in five Brits (18%) expect to have less than £2,500 in cash savings when they retire, according to Nationwide research.

14 Mar 2017

The Nottingham launches self-build mortgage range

The Nottingham launches self-build mortgage range

The Nottingham is working in partnership with BuildStore Limited to offer two new mortgage products.

14 Mar 2017

Charlotte Hogg resigns as BoE Deputy Governor

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Charlotte Hogg resigns as BoE Deputy Governor

Charlotte Hogg has resigned from her post as Deputy Governor of the Bank of England just thirteen days into the role, after failing to disclose that her brother works for Barclays bank.

14 Mar 2017

Remortgage activity defies 'flat' January with 54% surge: CML

Remortgage activity defies 'flat' January with 54% surge: CML

The number of loans advanced for house purchase in January fell to its lowest monthly level since February 2015, but remortgage activity continued to rise, with activity up 54% by value and 46% by volume on December.

14 Mar 2017

 

Intermediary mortgage market sees record enquiries

Intermediary mortgage market sees record enquiries

The intermediary mortgage market saw a 26% increase in enquiries in Q4 as low rates drive borrower demand, according to the latest data from the Intermediary Mortgage Lender’s Association.

14 Mar 2017

Principality expands BDM team

Principality expands BDM team

Principality Building Society’s intermediaries division has appointed Eloise Hall as a field based business development manager for the Yorkshire and Humber area.

14 Mar 2017

The Mortgage Lender announces 1.95% 2-year tracker

The Mortgage Lender announces 1.95% 2-year tracker

The Mortgage Lender, has announced the launch of a 2-year tracker from 1.95%.

13 Mar 2017

Banking heavyweight Steve Luty joins Together

Banking heavyweight Steve Luty joins Together

Specialist lender Together has appointed commercial lending expert Steve Luty as its corporate development director, as the business continues with its ambitious growth strategy.

13 Mar 2017

Advisers believe FSCS funding 'unfair', TMA survey shows

Advisers believe FSCS funding 'unfair', TMA survey shows

Directly Authorised advisers are unhappy with how the Financial Services Compensation Scheme (FSCS) is funded and do not believe the FCA’s consultation offers a suitable alternative, according to a new survey from TMA Mortgage Club.

13 Mar 2017

Leeds BS changes LTI criteria

Leeds BS changes LTI criteria

Leeds Building Society has announced that it has adjusted its LTI (loan to income) criteria for some borrowers.

13 Mar 2017

Lifetime mortgage completions top £600m at L&G

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Lifetime mortgage completions top £600m at L&G

Legal & General has announced that it has generated more than £600 million in lifetime mortgage completions and achieved an overall market share of 29% during 2016.

13 Mar 2017

UK consumer debt hits £240bn

UK consumer debt hits £240bn

According to the latest insight from MoneySuperMarket, Brits' growing reliance on debt has now hit £240bn.

13 Mar 2017

House prices surge at fastest pace in 12 months

House prices surge at fastest pace in 12 months

The latest data from Your Move has revealed that house prices grew at their fastest pace for 12 months in February, with average prices increasing 0.6% - double the rate in January

13 Mar 2017

Accord launch new remortgage products

Accord launch new remortgage products

Accord Mortgages has announced that it has launched two new fixed rate products that have added features to help borrowers manage the upfront cost of remortgaging.

13 Mar 2017

Vida launches new calculator offering 10 minute DIP

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Vida launches new calculator offering 10 minute DIP

Vida Homeloans has launched its new online Residential Max Loan Calculator designed to help intermediaries find the right solution for clients who may not fit high street criteria.

13 Mar 2017

In the Spotlight with Steve Ellis, Legal & General Home Finance

In the Spotlight with Steve Ellis, Legal & General Home Finance

We spoke to Steve Ellis, Managing Director at Legal & General Home Finance, about the need for holistic retirement advice planning and the changing face of equity release.

10 Mar 2017

The Mansfield ups maximum BTL loan size to £500,000

The Mansfield ups maximum BTL loan size to £500,000

Mansfield Building Society has increased its maximum loan size from £300,000 to £500,000 across its entire buy-to-let mortgage range as well as increasing its portfolio limit to 15 mortgages outstanding with other lenders.

10 Mar 2017

CML: FCA is asking "far too much" from lenders

CML: FCA is asking "far too much" from lenders

The CML's director general Paul Smee says that the FCA's mortgage market study has recently resulted in significant levels of data being requested from lenders.

10 Mar 2017

Quarterly GDP growth slows to 0.6%: NIESR

Quarterly GDP growth slows to 0.6%: NIESR

The National Institute of Economic and Social Research estimates that GDP output grew by 0.6% in the three months ending in February 2017.

10 Mar 2017

Self-employed NICs vote delayed until autumn

Self-employed NICs vote delayed until autumn

Theresa May has announced that the changes to national insurance for self-employed workers will require legislation of its own which will be brought forward in the autumn.

10 Mar 2017

Budget 2017
Spring Budget: a damp squib for the mortgage market

Budget 2017
Spring Budget: a damp squib for the mortgage market

In housing and mortgage circles this month’s Budget was deemed a ‘damp squib’ by many commentators because of the lack of measures aimed at these sectors. Over the recent past, we have become so accustomed to big-ticket announcements that have far-reaching impacts on our sector, that to have a Budget which pretty much contained nothing of note was a rather odd experience.

10 Mar 2017

Second charge lending falls 11%: FLA

Second charge lending falls 11%: FLA

Second charge mortgage new business fell 6% by value and 11% by volume in January compared with the same month in 2016, according to figures from the Finance & Leasing Association.

10 Mar 2017

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