Latest News

Retention of triple lock would push State Pension age over 70: MPs

Retention of triple lock would push State Pension age over 70: MPs

Retention of the triple lock could mean millions in poorer areas get no State Pension at all, as State Pension age would need to rise above 70 to make triple lock sustainable, according to the Work and Pensions Committee.

28 Feb 2017

Aldermore launches new brand

Aldermore launches new brand

Aldermore has announced the launch of a new brand which focuses on ‘Go-Getters’.

27 Feb 2017

Cashback mortgages offer biggest savings for FTBs

Cashback mortgages offer biggest savings for FTBs

Mortgages offering cashback are most likely to save first-time buyers money in the long term, according to research from Yorkshire Building Society.

27 Feb 2017

Paul Brett joins Landbay

Paul Brett joins Landbay

Specialist buy-to-let lender Landbay has appointed Paul Brett as Managing Director, Intermediaries.

27 Feb 2017

Front Events launches FSE Midlands and FS Cup

Front Events launches FSE Midlands and FS Cup

Front Events has announced the launch of two events in the Midlands this year.

27 Feb 2017

PRA introduces new LTI ratio rules for mortgage lending

PRA introduces new LTI ratio rules for mortgage lending

The Prudential Regulation Authority has introduced its rules for the LTI flow limit which now operate on a four-quarter rolling basis.

27 Feb 2017

Bluestone Mortgages appoints new MD

Bluestone Mortgages appoints new MD

Bluestone Group has announced the appointment of David Torpey as Managing Director of Bluestone Mortgages and Group Chief Operations Officer.

27 Feb 2017

FTB figures drop as housing supply tightens

FTB figures drop as housing supply tightens

First-time buyer figures saw slight decrease in January, making up 30% of sales, down from 32% in December, according to figures from the National Association of Estate Agents.

27 Feb 2017

Flexible retirement a mirage for millions: Royal London

Flexible retirement a mirage for millions: Royal London

Those who plan a ‘flexible’ retirement, reducing their working hours in later life and topping up with pension income, could have to work on into their late seventies or beyond to achieve a decent standard of living in retirement, according to research from Royal London.

27 Feb 2017

Magellan partners with PMS

Magellan partners with PMS

Magellan Homeloans has made its full range of products available to members of the PMS Mortgage Club.

27 Feb 2017

 

Home affordability at worst level since 2008

Home affordability at worst level since 2008

Home affordability – as measured by the ratio between average house prices and gross local earnings – across UK cities is at its worst level since 2008, according to Lloyds Bank.

25 Feb 2017

In the Spotlight with Andrew Firth, Wealth Wizards

In the Spotlight with Andrew Firth, Wealth Wizards

We spoke to Andrew Firth, CEO at Wealth Wizards, about the role of robo-advice and auto-enrolment's biggest test.

24 Feb 2017

Remortgage lending up 15.7% in January: BBA

Remortgage lending up 15.7% in January: BBA

Gross mortgage borrowing totalled £13.8 billion in January, 6.3% higher than the same period last year, according to the latest BBA high street banking data.

24 Feb 2017

Scottish Widows cuts large loan rates by 0.20%

Scottish Widows cuts large loan rates by 0.20%

Scottish Widows Bank has lowered rates on borrowing over £1 million by 20 bps.

24 Feb 2017

Prudential to review annuity sales after FCA investigation

Prudential to review annuity sales after FCA investigation

Prudential has agreed with the FCA to review non-advised annuities sold after 1 July 2008 to its contract-based DC pension customers whose net pension pot was worth £5,000 or more.

24 Feb 2017

Trio of building societies announce strong mortgage growth

Trio of building societies announce strong mortgage growth

Coventry, Newcastle and Hinckley & Rugby building societies have all reported strong mortgage lending growth in their annual results.

24 Feb 2017

PRA reduces capital requirements for smaller banks in competition drive

PRA reduces capital requirements for smaller banks in competition drive

The PRA says it has taken a "significant step" in reducing any risk that smaller banks and building societies are disadvantaged by the approach it takes to setting capital requirements.

24 Feb 2017

RBS reports ninth consecutive loss at £7bn

RBS reports ninth consecutive loss at £7bn

RBS has reported an annual loss of £6.96bn for 2016 - a sharp fall from the £1.98bn loss reported in the same period a year earlier.

24 Feb 2017

Aldermore to launch retention proc fees for resi and BTL

Aldermore to launch retention proc fees for resi and BTL

Aldermore has announced that it will offer a 0.30% retention procuration fee for brokers from 3rd April.

24 Feb 2017

Magellan partners with 3mc

Magellan partners with 3mc

Magellan Homeloans has announced that it will distribute its full mortgage range via specialist distributor and packager 3mc.

24 Feb 2017

Atom Bank offers new savings rates of up to 2.40%

Atom Bank offers new savings rates of up to 2.40%

Atom Bank has increased its fixed savings product rates across one, two, three and five year terms.

24 Feb 2017

London house price growth to slow to 0% in 2017

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London house price growth to slow to 0% in 2017

House price growth in London has fallen to 6.4%, the lowest level since June 2013, according to the latest Hometrack house price index.

24 Feb 2017

One in ten advised against equity release

One in ten advised against equity release

Advisers are recommending that around one in 10 clients do not go ahead with equity release and instead look to other ways of increasing retirement income, according to Bower Retirement research.

23 Feb 2017

Generalists and specialists

Generalists and specialists

A few years ago we had a loft conversion. The architect I employed to make best use of our new space had to sub-contract part of his work to a construction engineer to ensure the additional weight would be distributed evenly without weakening the structure of the house. We then engaged a builder, but he sub-contracted work to electricians and plumbers. We needed a larger boiler so the plumber sub-contracted that installation to a Corgi-qualified engineer. The architect and the builder were generalists in their fields. However they delivered the best customer service by engaging specialists where required.

23 Feb 2017

Government reduces stake in Lloyds to below 4%

Government reduces stake in Lloyds to below 4%

The government has reduced its remaining shareholding in Lloyds Banking Group to less than 4%, the day after the bank announced that profits in 2016 hit a ten-year high.

23 Feb 2017

Less than half take lump sum advice despite soaring withdrawals: FCA

Less than half take lump sum advice despite soaring withdrawals: FCA

Under half of customers who fully withdraw their pension pot as a lump sum are seeking regulated advice, despite the number of full cash withdrawals increasing markedly in 2016, according to new FCA data.

23 Feb 2017

New Intelliflo tool to help advisers stay social media compliant

New Intelliflo tool to help advisers stay social media compliant

Intelliflo has added Hearsay Systems’ compliance-enabled adviser cloud platform to Intelligent Office, enabling advisers to manage their social media interaction in a regulator-friendly and MiFID II compliant manner.

23 Feb 2017

Kent Reliance launches lowest ever specialist BTL rates

Kent Reliance launches lowest ever specialist BTL rates

Kent Reliance has revamped its buy-to-let specialist mortgage range, with rates now starting from 2.99% - its lowest ever rate.

23 Feb 2017

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