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L&G expands lifetime mortgage range and cuts minimum age to 55

L&G expands lifetime mortgage range and cuts minimum age to 55

Legal & General has expanded its range of lifetime mortgage products with the launch of new Flexible Max and Flexible Max Plus products, meaning it now provides customers with a fee free drawdown facility across its lifetime mortgage range.

31 Mar 2017

Government: rental payments aren't proof of mortgage affordability

Government: rental payments aren't proof of mortgage affordability

The government has rejected a petition which urged lenders to consider rental payments as proof of ability to meet mortgage repayments.

31 Mar 2017

Brightstar expands HNW business

Brightstar expands HNW business

Brightstar’s high net worth business, Sirius Property Finance, has hired three new team members and moved to larger office premises.

31 Mar 2017

Prudential and Blackstone acquire £11.8bn Bradford & Bingley assets

Prudential and Blackstone acquire £11.8bn Bradford & Bingley assets

The Chancellor has authorised an £11.8 billion sale of Bradford & Bingley loans to Prudential plc and to funds managed by Blackstone.

31 Mar 2017

SimplyBiz launches apprenticeship programme

SimplyBiz launches apprenticeship programme

The New Model Business Academy, the not-for profit training and development division of The SimplyBiz Group, has received formal accreditation of its new apprenticeship programme from the Skills Funding Agency.

31 Mar 2017

Regional house price gap at narrowest since 1978

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Regional house price gap at narrowest since 1978

The annual rate of house price growth slowed from 4.5% in February to 3.5% in March, according to the latest Nationwide house price index.

31 Mar 2017

Pensions Dashboard prototype unveiled to government

Pensions Dashboard prototype unveiled to government

The cross-industry project to design a prototype system, which should one day allow people to see all of their pension savings and entitlements in an online place of their choosing, has been delivered on time and demonstrated to Government Ministers.

31 Mar 2017

FCA fines former banker £37k over WhatsApp messages

FCA fines former banker £37k over WhatsApp messages

The FCA has fined Christopher Niehaus, a former investment banker, £37,198 for sharing client confidential information over WhatsApp.

30 Mar 2017

Secure Trust appoints Pepper as mortgage administrator

Secure Trust appoints Pepper as mortgage administrator

Secure Trust Bank has appointed Pepper UK as administrator for its new mortgage business.

30 Mar 2017

Metro Bank cuts BTL rates by up to 30bps

Metro Bank cuts BTL rates by up to 30bps

Metro Bank has cut rates on its portfolio buy-to-let range, by up to 30bps, with prices now starting from 3.09%.

30 Mar 2017

 

Three quarters say mortgage brokers offer best deals

Three quarters say mortgage brokers offer best deals

Three times as many people believe they can get a better deal from a mortgage broker than a high street lender, according to research from The Mortgage Lender.

30 Mar 2017

Is the UK mortgage market heading into decline?

Is the UK mortgage market heading into decline?

According to the latest stats from the Council of Mortgage Lenders, first-time buyers borrowed more money than ever before to get on the housing ladder last year. A record £53.6bn of mortgage loans went to new property owners in the year, a rise of 13.5% year on year and the highest level since the CML data began in 2006. December’s borrowing of £4.8bn was also a record month for first-time buyers, helping propel the market to new heights.

30 Mar 2017

House sales hit ten-year high but FTB numbers dip

House sales hit ten-year high but FTB numbers dip

The number of sales agreed rose to a 10 year high in February, according to figures from the NAEA.

30 Mar 2017

Government appoints housebuilding expert to accelerate construction

Government appoints housebuilding expert to accelerate construction

The Homes and Communities Agency has appointed Stephen Kinsella as its new Director of Accelerated Construction.

30 Mar 2017

Help to Buy used by over a million

Help to Buy used by over a million

New government figures show that more than 259,000 people have now bought a home using one of the government’s flagship Help to Buy schemes, and over 868,000 have opened a Help to buy: ISA.

30 Mar 2017

Royal London sees 28% rise in new life and pensions business

Royal London sees 28% rise in new life and pensions business

Royal London has reported a 28% rise in new life and pensions business to £8,686m, strengthened by strong intermediary sales.

30 Mar 2017

London first-time buyer mortgages soar 71% since 2012

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London first-time buyer mortgages soar 71% since 2012

The average mortgage taken out by a first-time buyer in London has increased by 71% since 2012, from £185,538 to £317,253 in 2017, according to research by Lloyds Bank.

30 Mar 2017

New equity release provider enters market

New equity release provider enters market

New equity release provider Responsible Lending has received full FCA approval and is set to launch into the market.

29 Mar 2017

Why self-employed workers should safeguard their finances

Why self-employed workers should safeguard their finances

The backlash that followed Chancellor Philip Hammond’s decision to raise national insurance contributions in his Spring Budget was a sure sign that the nation is all-too-aware aware of the challenges that self-employed people face. Just days later, he was forced to scrap the plans, pledging that there would be no increase during this parliament.

29 Mar 2017

Fourth annual FSE Manchester opens for registration

Fourth annual FSE Manchester opens for registration

Financial Services Expo Manchester is now open for registration, returning for its fourth year to provide advisers with a range of exhibitors, seminars and networking opportunities, as well as the opportunity to earn valuable CPD hours whilst enhancing their advice proposition.

29 Mar 2017

Scottish Widows expands interest-only repayment options

Scottish Widows expands interest-only repayment options

Scottish Widows Bank has expanded repayment options on selected interest-only mortgage products to include bonuses and cash.

29 Mar 2017

Castle Trust launches secure emails for brokers

Castle Trust launches secure emails for brokers

Castle Trust is introducing a new service which will enable the lender and its intermediary partners to correspond using encrypted emails quickly and easily.

29 Mar 2017

Mortgage approvals see first fall in six months: BoE

Mortgage approvals see first fall in six months: BoE

Mortgage approvals fell slightly in February to mark the first decline since August 2016, according to the latest Bank of England Money and Credit figures.

29 Mar 2017

Lighthouse Group joins Equity Release Council as first network member

Lighthouse Group joins Equity Release Council as first network member

The Equity Release Council has announced that Lighthouse Group has, through Lighthouse Advisory Services Limited, joined The Equity Release Council as its first financial services Network organisation member.

29 Mar 2017

West One Loans partners with Black Book Finance

West One Loans partners with Black Book Finance

West One Loans has entered into a strategic partnership with Black Book Finance to strengthen its offering to mortgage intermediaries.

29 Mar 2017

Pepper launches exclusive two-year fixes via L&G

Pepper launches exclusive two-year fixes via L&G

Pepper Homeloans has launched a range of two-year fixed rates starting from 2.40% exclusively via L&G Mortgage Club.

29 Mar 2017

Small deposit buyers grow market share to 20%

Small deposit buyers grow market share to 20%

Home buyers with small deposits made up more than a fifth of the mortgage market in February – "substantially higher" than both the previous month and the same point last year, according to e.surv figures.

29 Mar 2017

How prevalent is bad advice? (Part II)

How prevalent is bad advice? (Part II)

This blog continues the discussion from my previous article in which, I wrote about what “Bad Advice” looks like and covered some of its various shapes and forms. I also discussed the network model in relation to bad advice. Many thanks for your feedback and comments, they were much appreciated and are always welcomed.

28 Mar 2017

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