Latest News

TML launches Premier Panel exclusive with 0.90% proc fee

TML launches Premier Panel exclusive with 0.90% proc fee

The Mortgage Lender has unveiled an exclusive product for its Premier Panel members offering an enhanced proc fee of 0.90%.

24 Oct 2017

Just Group calls for 'radical' auto-enrolment into pension guidance

Just Group calls for 'radical' auto-enrolment into pension guidance

Retirement firm Just Group believes a new framework being created by the Financial Guidance and Claims Bill is an opportunity to introduce “automatic enrolment to guidance” to increase usage, particularly among vulnerable pension savers.

24 Oct 2017

Mortgage Brain enhances systems to support advisers post-GDPR

Mortgage Brain enhances systems to support advisers post-GDPR

Mortgage Brain has announced that its systems will meet the new GDPR requirements and is implementing a number of software and system enhancements to make it easier for advisers to demonstrate their GDPR compliance.

24 Oct 2017

BrightHouse agrees £14.8m redress scheme with FCA

BrightHouse agrees £14.8m redress scheme with FCA

As part of an agreement with the FCA, rent-to-own firm BrightHouse has committed to pay over £14.8 million to 249,000 customers for "lending which may not have been affordable and payments which should have been refunded".

24 Oct 2017

Fluent announces three senior appointments

Fluent announces three senior appointments

Fluent Money Group has expanded its management team with appointments in its underwriting, sales and finance departments.

24 Oct 2017

Connect adds State Bank of India to panel

Connect adds State Bank of India to panel

State Bank of India has joined Octane, West One and Funding Circle on the Connect for Intermediaries network panel.

24 Oct 2017

FCA summary report reveals continued investigation into RBS

FCA summary report reveals continued investigation into RBS

The FCA has published its summary of the skilled persons’ report into RBS’ treatment of small business customers in its Global Restructuring Group.

24 Oct 2017

NatWest increases mortgage rates by up to 0.20%

NatWest increases mortgage rates by up to 0.20%

From tomorrow, NatWest is increasing rates across its core range residential and buy-to-let two and five year fixed rate mortgages and remortgages.

23 Oct 2017

TBMC launches 1.99% buy-to-let exclusive

TBMC launches 1.99% buy-to-let exclusive

TBMC has launched a new buy-to-let mortgage exclusive with Hinckley & Rugby Building Society.

23 Oct 2017

FCA bans debt management directors after clients lose £6m

FCA bans debt management directors after clients lose £6m

The FCA has banned Adrian and Christine Whitehurst, former directors of dissolved debt management firm First Step Finance, for dishonestly misappropriating client money which resulted in over 4,000 customers losing a total of over £6m.

23 Oct 2017

 

95% LTV rates hardest hit ahead of potential rate rise

95% LTV rates hardest hit ahead of potential rate rise

While the average two-year fixed mortgage rate has experienced an increase across all LTVs in the past month, 95% LTV rates have been the hardest hit with a 0.10% increase from September, according to Moneyfacts data.

23 Oct 2017

Foundation Home Loans announces new hires across senior team

Foundation Home Loans announces new hires across senior team

Foundation Home Loans has announced multiple new hires across its senior team.

23 Oct 2017

Financial services complaints up 9.2% in H1: FCA

Financial services complaints up 9.2% in H1: FCA

The FCA received 3.32 million complaints about financial services in the first six months of 2017, up from 3.04 million in the second half of 2016.

23 Oct 2017

Steve Webb urges HMRC to end emergency tax pension 'scandal'

Steve Webb urges HMRC to end emergency tax pension 'scandal'

Royal London is calling on HMRC to end its "tax first, ask questions later" approach to taxing pension withdrawals under the ‘pension freedoms’ legislation.

23 Oct 2017

FCA fines Merrill Lynch £34.5m over unreported transactions

FCA fines Merrill Lynch £34.5m over unreported transactions

The FCA has fined Merrill Lynch International £34,524,000 for failing to report 68.5 million exchange traded derivative transactions between 12 February 2014 and 6 February 2016.

23 Oct 2017

Rate rise to cost SVR borrowers extra £83m per month

Rate rise to cost SVR borrowers extra £83m per month

Borrowers on variable rate mortgages could pay an extra £82.8 million in mortgage payments in December if the Bank of England chooses to raise the base rate by 0.25%, according to Trussle research.

23 Oct 2017

Purchase prices slip in September as market sees mixed outlook: MAB

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Purchase prices slip in September as market sees mixed outlook: MAB

September saw a mixed outlook in the UK property market, as London and the South of England continued to cool but other regions remained buoyant, according to the latest National Mortgage Index from Mortgage Advice Bureau.

23 Oct 2017

AToM launches 85% LTV BTL through new lender BlueZest

AToM launches 85% LTV BTL through new lender BlueZest

All Types of Mortgages has launched a new 85% LTV buy-to-let product exclusively sourced via new lender BlueZest.

23 Oct 2017

Government plans gazumping ban in housing market shake-up

Government plans gazumping ban in housing market shake-up

Communities Secretary Sajid Javid has called on the property industry to provide evidence on how the home buying process can be made cheaper, faster and less stressful for buyers and sellers.

23 Oct 2017

In the Spotlight with Esther Dijkstra, Lloyds

In the Spotlight with Esther Dijkstra, Lloyds

We spoke to Esther Dijkstra, Director of Strategic Partnerships at Lloyds Banking Group, about how robo-advice has enhanced broker services and what effect Brexit and an impending Bank Rate cut will have on the mortgage market.

20 Oct 2017

Brokers urged to contact SVR clients before rate rise

Brokers urged to contact SVR clients before rate rise

TMA mortgage club is encouraging advisers to contact with clients who are sitting on their lender’s SVR to ensure they are properly informed of their remortgage options, as well as whether their lender can offer a product switch.

20 Oct 2017

Uinsure expands regional sales team

Uinsure expands regional sales team

GI provider Uinsure has appointed Tim Horne as Business Development Manager for the Central region and Ian Twentyman as Telephone Account Manager for the South West and Wales.

20 Oct 2017

New Leaf Distribution adopts 360 Lifecycle

New Leaf Distribution adopts 360 Lifecycle

360 Dot Net has announced that New Leaf Distribution has deployed the full 360 Lifecycle practice management solution with FactFind, integrated sourcing, Client Portal and the 360 Accounts package to its 200 members.

20 Oct 2017

90% of FCA's Sandbox firms heading towards launch

90% of FCA's Sandbox firms heading towards launch

The FCA has published a report outlining the progess and outcomes in year one of its Regulatory Sandbox.

20 Oct 2017

Fleet cuts rates and fees across core range

Fleet cuts rates and fees across core range

Fleet Mortgages has announced a series of price and fee cuts across its three core product areas – standard, limited company and HMOs.

20 Oct 2017

Bank of Mum and Dad lending £18,000 on average

Bank of Mum and Dad lending £18,000 on average

Parents who choose to assist their child’s home purchase can afford to lend £18,396 on average - a third of the average deposit for a first-time buyer in the UK.

20 Oct 2017

Government launches inquiry into economic effects of Brexit

Government launches inquiry into economic effects of Brexit

The Treasury Committee has launched a new inquiry into the UK’s economic relationship with the EU, considering transitional arrangements, preparedness for ‘no deal’, and the long-term economic relationship.

20 Oct 2017

Treasury Committee raises concerns over Bank of England diversity

Treasury Committee raises concerns over Bank of England diversity

The Treasury Committee has published its reports on the appointment of Dave Ramsden as Deputy Governor of the Bank of England and of Professor Silvana Tenreyro as an external member of the Monetary Policy Committee.

20 Oct 2017

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