Latest News

Brexit sends annuites "into free-fall" as rates drop 3.59%

Brexit sends annuites "into free-fall" as rates drop 3.59%

Hargreaves Lansdown has described the rates of guaranteed income for life offered by annuity providers as "an early casualty of the referendum result".

08 Jul 2016

Monmouthshire BS appoints new CEO

Monmouthshire BS appoints new CEO

Monmouthshire Building Society has appointed James Bawa as its new Chief Executive.

08 Jul 2016

FCA considers tightening crowdfunding rules

FCA considers tightening crowdfunding rules

The FCA has announced an upcoming review of the rules surrounding both investment-based and loan-based crowdfunding and is seeking input on which areas should be considered.

08 Jul 2016

The Mortgage Lender opens for business

The Mortgage Lender opens for business

Specialist intermediary-only lender, The Mortgage Lender, will be accepting broker registrations, decision in principle requests and processing applications on its website from Monday 11 July.

08 Jul 2016

Lending Works plans product expansion after £3m investment

Lending Works plans product expansion after £3m investment

Lending Works has announced the conclusion of its Series A investment round, raising £3 million to help drive its ambition of 200% year on year growth over the next two years.

08 Jul 2016

Fleet Mortgages reveals criteria changes

Fleet Mortgages reveals criteria changes

Fleet Mortgages have announced new criteria changes which cover a wide range of areas including the acceptance of gifted deposits, minimum property valuation, maximum aggregate exposure for landlords and the acceptance of certain building certificates.

08 Jul 2016

Specialist sourcing systems "aren't up to scratch", argues panel

Specialist sourcing systems "aren't up to scratch", argues panel

Speaking at Precise's MCD and Second Charge Lending conference yesterday, the panel discussed the growth of technology within the second charge market, with the Loans Engine's Ryan McGrath stating that many systems "aren't up to scratch".

08 Jul 2016

IMLA: govt FTB policy 'missing the mark'

IMLA: govt FTB policy 'missing the mark'

First-time buyer numbers remain 2.2 million lower than demographic trends suggest they should be, according to IMLA, who say that current government policy is "missing the mark".

08 Jul 2016

Cleary: broker opportunities are increasing post-MCD

Cleary: broker opportunities are increasing post-MCD

Managing Director of Precise Mortgages, Alan Cleary, says that there is growing demand for second charge loans following the Mortgage Credit Directive, despite disruptions in the market.

07 Jul 2016

Loans Engine to scrap Master Broker fees

Loans Engine to scrap Master Broker fees

The Loans Engine has announced that it is scrapping its Master Broker fee from the 25th July.

07 Jul 2016

 

Financial Services Cup hits the back of the net

Financial Services Cup hits the back of the net

Front Events, the events company responsible for the Financial Services Expo shows, has declared its charity 5-a-side football event a ‘huge success’ after the event raised thousands of pounds for Front Events' chosen charity, WellChild - the national charity for sick children.

07 Jul 2016

N&P launches trio of 3-year fixes from 1.73%

N&P launches trio of 3-year fixes from 1.73%

Norwich & Peterborough Building Society has launched a trio of the lowest three-year fixed rate mortgages currently available to borrowers at 65%, 75% and 85% loan-to-value.

07 Jul 2016

Together announces record month for BTL lending

Together announces record month for BTL lending

Specialist lender Together has announced that its buy-to-let lending hit a record high in June, with 149 deals spanning first and second charge loans. This included both traditional and consumer buy-to-let, with the latter accounting for 28 per cent of the total number of loans.

07 Jul 2016

Barclays makes cuts on fixed rates

Barclays makes cuts on fixed rates

Barclays has announced a number of mortgage rate changes it is making to its 2, 3, 5 and 10 year fixed, low loan to value range.

07 Jul 2016

Bluestone Mortgages prepares for full launch with Brilliant Solutions partnership

Bluestone Mortgages prepares for full launch with Brilliant Solutions partnership

Bluestone Mortgages has today announced its latest expansion, partnering with specialist distributor Brilliant Solutions.

07 Jul 2016

DWP calls for evidence on NEST retirement service

DWP calls for evidence on NEST retirement service

The DWP has today published a call for evidence on whether NEST should offer its members a more comprehensive retirement service, to reflect the shift in consumer needs following the launch of the Pension Freedoms in 2015.

07 Jul 2016

Sue Lewis re-appointed as FSCP chair

Sue Lewis re-appointed as FSCP chair

The Financial Conduct Authority has re-appointed Sue Lewis Chair of the Financial Services Consumer Panel for a further two and a half years, from 1 July.

07 Jul 2016

House price growth eased ahead of EU vote: Halifax

House price growth eased ahead of EU vote: Halifax

According to the latest Halifax House Prince Index, house prices in the three months to June were 1.2% higher than in the preceding three months - an easing of growth before the EU referendum took place.

07 Jul 2016

Interest payments for FTBs drop in Q1

Interest payments for FTBs drop in Q1

Falling mortgage rates in recent months mean the average mortgage interest payments for a first time buyer mortgage over two years fell from £11,327 in Q1 2015 to £10,019 in Q1 2016 – a saving of £1,308 – according to research from AmTrust International, Mortgage and Special Risks.

07 Jul 2016

HSBC launches lowest 70% LTV ten-year fix at 2.79%

HSBC launches lowest 70% LTV ten-year fix at 2.79%

HSBC has launched its lowest ever ten-year fixed rate mortgage at 2.79%, available for purchases and remortgages up to 70% LTV.

07 Jul 2016

SFO seeks retrial of Libor traders

SFO seeks retrial of Libor traders

The SFO has today announced that it is seeking a retrial of Stylianos Contogoulas and Ryan Michael Reich, who were co-defendants of the ex-Barclays traders convicted earlier this week.

06 Jul 2016

Coventry launches 2.39% ten-year fix

Coventry launches 2.39% ten-year fix

Coventry for intermediaries is launching a new range of ten-year fixed residential mortgages, which it says has some of the lowest rates on the market.

06 Jul 2016

Keeping a levy head: FCA fee changes for 2016/17

Keeping a levy head: FCA fee changes for 2016/17

On the 30th June, the FCA published PS16/16, confirming that its levy for advisers will be £73.7m for 2016/17.

06 Jul 2016

Paradigm Protect: we will never offer loaded premiums

Paradigm Protect: we will never offer loaded premiums

Paradigm has reassured its members that it will never introduce 'loaded premiums' in order to attract higher commission terms.

06 Jul 2016

Coventry increases BTL rental calculation to 140%

Coventry increases BTL rental calculation to 140%

Coventry for intermediaries is increasing its buy-to-let rental calculation from 125% to 140% of the monthly mortgage interest payment and will be calculated using the reference rate or current product pay rate, whichever is higher.

06 Jul 2016

Metro Bank launches new five-year fixed rates

Metro Bank launches new five-year fixed rates

Metro Bank has cut rates on its five-year fixed rate residential and buy-to-let mortgages.

06 Jul 2016

Is robo-advice the next mis-selling scandal?

Is robo-advice the next mis-selling scandal?

An investment firm has claimed that many UK robo-advisers' business models are "financially unviable", and that many are "flouting FCA rules" by straying into giving advice without possessing regulatory permissions or following appropriate regulatory procedures.

06 Jul 2016

LV= scraps pension wrapper exit fees

LV= scraps pension wrapper exit fees

LV= has announced that it will waive all pension wrapper exit charges by the end of 2016.

06 Jul 2016

Latest Money Careers

Popular this week

Buy-to-Let Roadshow
April 2017

18th-21st April

4 days
7 specialists
4 locations
Free to attend

Click here to register now