Latest News

Diversify or die: embracing the second charge market

Diversify or die: embracing the second charge market

A recent study by Together made for some very uncomfortable reading for those of us operating in the second charge sector.

02 Feb 2017

Second charge market sees surge in debt consolidation demand

Second charge market sees surge in debt consolidation demand

An increasing number of clients are taking out charge products to help with growing debt concerns.

02 Feb 2017

Pepper expands residential range with new 30-month fixes

Pepper expands residential range with new 30-month fixes

Pepper Homeloans has enhanced its entire range of residential mortgage products by cutting the majority of two-year fixed rates by up to 0.25% as well as launching new 30-month, three-year and five-year fixed rate deals to the range.

02 Feb 2017

Source implements GI changes ahead of FCA deadline

Source implements GI changes ahead of FCA deadline

New FCA rules coming into force from 1st April require all general insurance renewal invitations to contain messages to encourage the policyholder to shop around.

02 Feb 2017

Damian Cain rejoins board of directors at Complete FS

Damian Cain rejoins board of directors at Complete FS

Complete FS has appointed Damian Cain to the board of the company to manage broker relationships in addition to leading the continued development of the company's second charge proposition.

01 Feb 2017

Mortgage Brain announces conveyancing system enhancements

Mortgage Brain announces conveyancing system enhancements

Mortgage Brain has enhanced its online conveyancing service, ConveyancingBrain, so advisers can more easily manage client cases and conveyancing quotes.

01 Feb 2017

Tesco Bank cuts two and five-year fixed rates

Tesco Bank cuts two and five-year fixed rates

Tesco Bank has reduced rates on a selection of two and five-year fixed rate mortgage products.

01 Feb 2017

FCA to allow partly contested cases

FCA to allow partly contested cases

The FCA is introducing a process for partly contested cases as part of a series of changes aimed at improving the effectiveness of its enforcement decision-making process.

01 Feb 2017

BoE to keep interest rates unchanged until 2019: NIESR

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BoE to keep interest rates unchanged until 2019: NIESR

NIESR expects the Bank of England to "look through the temporary period of above target inflation" and keep interest rates unchanged until the middle of 2019, increasing gradually at around 50 basis points per year thereafter.

01 Feb 2017

Online broker gets £4.5m in funding

Online broker gets £4.5m in funding

Online mortgage broker, Trussle, has received a £4.5m backing from fintech investors.

01 Feb 2017

 

Annual house price growth "broadly stable" at 4.3%: Nationwide

Annual house price growth "broadly stable" at 4.3%: Nationwide

The annual rate of house price growth remained "broadly stable" at the start of 2017 at 4.3%, just below the growth rate in December of 4.5%, according to the latest Nationwide house price index.

01 Feb 2017

SimplyBiz adds Fluent to second charge panel

SimplyBiz adds Fluent to second charge panel

SimplyBiz Mortgages has chosen Fluent for Advisers as part of its panel of specialist distributors.

01 Feb 2017

Octopus partners with challengers to double average savings rate

Octopus partners with challengers to double average savings rate

Octopus Investments has partnered with a number of challenger banks in a bid to let clients of advisers double the average high street interest rate, while providing additional FSCS cover.

01 Feb 2017

Strict retirement lending criteria hinders 79% of advisers

Strict retirement lending criteria hinders 79% of advisers

79% of advisers have been unable to find a retirement lending solution for a client at some point due to LTVs being too low or lending criteria being too restrictive, according to more 2 life research.

01 Feb 2017

Together ups personal mortgage loan size to £1m

Together ups personal mortgage loan size to £1m

Together has increased its maximum personal mortgage loan amount to £1m to address rising property prices.

01 Feb 2017

Brightstar's Bradley Moore and Will Lloyd promoted to Directors

Brightstar's Bradley Moore and Will Lloyd promoted to Directors

Brightstar Financial has strengthened its senior team with two internal promotions.

31 Jan 2017

United Trust Bank cuts bridging rates to 0.55%

United Trust Bank cuts bridging rates to 0.55%

United Trust Bank is the latest lender to announce reduced interest rates on its bridging loans, cutting rates across all LTV bandings.

31 Jan 2017

Newcastle Intermediaries launches new self-employed range

Newcastle Intermediaries launches new self-employed range

Newcastle Intermediaries has launched a revised range of mortgages available exclusively for self-employed borrowers.

31 Jan 2017

Bridging lending rises by 11.5% in 2016

Bridging lending rises by 11.5% in 2016

Bridging loan volumes rose by £50.1m (11.5%) to £482.61m in 2016, despite a volatile year that saw issuance levels rise and fall against major political events, according to the latest Bridging Trends data.

31 Jan 2017

Accord adds five products to offset range

Accord adds five products to offset range

Accord Mortgages has introduced five new options to its offset range, including a choice of mortgages with no upfront product fee.

31 Jan 2017

New asset-finance sourcing platform launches

New asset-finance sourcing platform launches

Financial services broker Midlands Asset Finance has launched a new online platform - Asset Finance Compared - which aims to simplify the process of sourcing and applying for asset finance.

31 Jan 2017

Remortgage lending soars to new post-crisis high: BoE

Remortgage lending soars to new post-crisis high: BoE

Remortgage approvals continued to rise in December, hitting a new eight-year high of 47,721, according to the latest Bank of England Money and Credit figures.

31 Jan 2017

F&TRC launches robo-advice service ratings

F&TRC launches robo-advice service ratings

F&TRC has launched a new division which analyses and rates digital advice propositions in what it says is the first research of its kind for the sector.

31 Jan 2017

FCA fines Deutsche Bank record £163m for money laundering failings

FCA fines Deutsche Bank record £163m for money laundering failings

The FCA has fined Deutsche Bank £163,076,224 for "failing to maintain an adequate anti-money laundering control framework" which enabled the transfer of approximately $10 billion, of unknown origin, from Russia to offshore bank accounts.

31 Jan 2017

L&G pays out £180m through Early Warning System

L&G pays out £180m through Early Warning System

Legal & General paid out £44 million in 2016 as a direct result of its Early Warning System and has now paid out a total of £180.7 million from 2,411 claims as a direct result of the introduction of the system in 2010.

31 Jan 2017

OneFamily launches flexible interest lifetime mortgages

OneFamily launches flexible interest lifetime mortgages

OneFamily has launched two new lifetime mortgage products which allow consumers to choose how much interest they want to pay and for how long on either a fixed or a variable interest rate.

31 Jan 2017

Remortgagors borrowing £15,000 more as record low rates continue

Remortgagors borrowing £15,000 more as record low rates continue

Homeowners remortgaged for an average of £15,000 more in 2016 than they did two years ago, borrowing around £181,000 compared to £166,000 in 2014, according to My Home Move research.

30 Jan 2017

CML supports launch of new social housing regulator

CML supports launch of new social housing regulator

The Council of Mortgage Lenders says it supports moves to set up a new regulator for the social housing sector, independent of the Homes and Communities Agency.

30 Jan 2017

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