Latest News

FCA bans mortgage director but revokes £80,000 fine

FCA bans mortgage director but revokes £80,000 fine

The FCA has banned a mortgage broker from performing regulated activities due to dishonest conduct, but he has escaped a £80,000 fine due to "serious financial hardship".

26 Aug 2016

The Source announces GI Masterclass dates

The Source announces GI Masterclass dates

Source Insurance is taking GI masterclasses back on the road in October and November.

26 Aug 2016

Accord to move into consumer BTL and first-time landlord market

Accord to move into consumer BTL and first-time landlord market

Accord Buy to Let has announced plans to expand into the consumer buy-to-let and first-time landlord markets in the coming months.

26 Aug 2016

Santander launches 2.79% ten-year fix

Santander launches 2.79% ten-year fix

Santander has launched a range of fixed rate, low LTV products along with a high LTV first time buyer exclusive - a 90% LTV two-year fix at 2.44%.

26 Aug 2016

Hinckley & Rugby launches joint borrower sole proprietor range

Hinckley & Rugby launches joint borrower sole proprietor range

Hinckley & Rugby Building Society is now offering joint borrower sole proprietor mortgages in its residential and buy-to-let ranges.

26 Aug 2016

National Counties BS latest lender to cut SVR

National Counties BS latest lender to cut SVR

National Counties Building Society has confirmed that it will cut its Standard Variable Rate with effect from 25th September 2016.

26 Aug 2016

Quarterly GDP growth confirmed at 0.6%

Quarterly GDP growth confirmed at 0.6%

UK gross domestic product increased by 0.6% between Q1 and Q2 2016, unrevised from the ONS' preliminary estimate published on 27 July.

26 Aug 2016

L&G removes lifetime mortgage arrangement fees

L&G removes lifetime mortgage arrangement fees

Legal & General has removed the arrangement fee on its Flexible and Lump Sum lifetime mortgage products.

26 Aug 2016

ISA subscriptions fall as savings rates continue to dwindle

ISA subscriptions fall as savings rates continue to dwindle

Around 12.7 million Adult ISA accounts were subscribed to in 2015-16, down from 13.0 million subscribed to in 2014-15, according to HMRC's latest ISA statistics.

26 Aug 2016

Northern house price growth set to outpace the South

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Northern house price growth set to outpace the South

There has been a "marked slowdown" in house price growth over the last three months, led by a deceleration in London and other high value cities across the south of England, according to the latest Hometrack UK Cities House Price Index.

26 Aug 2016

 

Mansfield Building Society cuts SVR by 0.25%

Mansfield Building Society cuts SVR by 0.25%

Mansfield Building Society is reducing its Standard Variable Rate from 5.59% to 5.34% following the Bank of England's base rate cut.

25 Aug 2016

Aldermore appoints savings manager

Aldermore appoints savings manager

Aldermore has appointed Anna O'Connor as an Operations Manager in its savings business.

25 Aug 2016

Bricks shortage "significant factor" in house price growth

Bricks shortage "significant factor" in house price growth

A shortage of brick supply has been a contributing factor in rising house prices over the past decade, as growing demand continues to outstrip the availability of housing, according to the National Association of Estate Agents.

25 Aug 2016

Up to 30% using pension freedoms face tax shocks

Up to 30% using pension freedoms face tax shocks

People accessing their retirement savings are being caught out by unexpected taxes and welfare reductions, according to Citizens Advice.

25 Aug 2016

Pension freedoms, bank accounts and Lamborghinis

Pension freedoms, bank accounts and Lamborghinis

A new report published today by Citizens Advice (“Life After Pension Choices”) provides some new insights into consumer behaviour in the post-pension freedom world.

25 Aug 2016

July mortgage lending remains resilient: CML

July mortgage lending remains resilient: CML

Gross mortgage lending remained stable in July at an estimated £21.4 billion, according to the CML.

25 Aug 2016

FCA approach to retirement is too narrow, says LLA

FCA approach to retirement is too narrow, says LLA

The Later Life Academy has issued its response to the FCA’s Retirement Outcomes Review, arguing that the regulator has made its terms of reference too tight in simply looking at how pension savings are converted into retirement income.

25 Aug 2016

Remortgagors take advantage of post-Brexit rate cuts

Remortgagors take advantage of post-Brexit rate cuts

63% of remortgagors lowered their mortgage rates after the Referendum result in July, with 35% managing to cut their payments by £200 or more each month, according to LMS research.

25 Aug 2016

Repo fall bolsters confidence among second charge advisers

Repo fall bolsters confidence among second charge advisers

The 40% drop in repossessions announced by the Finance & Leasing Association recently is "only part of the good news story surrounding second charge lending" according to Jeff Davidson, Head of Intermediaries at Fluent for Advisers.

25 Aug 2016

Stamp duty changes trigger 24% rise in Q2 transactions

Stamp duty changes trigger 24% rise in Q2 transactions

Completed conveyancing activity rose by almost a quarter (24%) year-on-year in Q2 as completions were registered following the rush to beat the Stamp Duty changes for buy-to-let properties.

25 Aug 2016

FTB approvals rise 6% in Q2: IMLA

FTB approvals rise 6% in Q2: IMLA

First-time buyers saw a higher proportion of mortgage approvals agreed in Q2, with 57% of enquiries resulting in AIPs, up from 51% in Q1.

25 Aug 2016

Newcastle BS launches 80% LTV three-year fix at 1.88%

Newcastle BS launches 80% LTV three-year fix at 1.88%

Newcastle Building Society has launched a new portfolio of mortgages, including a three year fixed rate product at 1.88% up to 80% LTV.

24 Aug 2016

Who are we to judge what funds a happy retirement?

Who are we to judge what funds a happy retirement?

No one expects retirement to be a time where you can’t have fun, treat yourself and your relatives, and be a little bit looser with your wallet than you may have been before you left work.

24 Aug 2016

Halifax slashes Help to Buy ISA rate to 2%

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Halifax slashes Help to Buy ISA rate to 2%

Halifax has made further cuts to the rate it pays on its Help to Buy ISA.

24 Aug 2016

FAMR won't help close the advice gap, say advisers

FAMR won't help close the advice gap, say advisers

A survey of financial advisers has revealed "strong opposition" to the FCA's Financial Advice Market Review, with 60% of respondents arguing that it will not help to plug the advice gap.

24 Aug 2016

Are monthly instalment VCTs the new alternative to pensions?

Retirement

Are monthly instalment VCTs the new alternative to pensions?

A new venture capital trust has become the first to allow clients to invest in regular monthly instalments.

24 Aug 2016

CML: First-time buyers drive strong regional lending activity

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CML: First-time buyers drive strong regional lending activity

Wales, Scotland, Northern Ireland and London all saw Q2 mortgage lending activity supported by strong first-time buyer figures, according to the latest CML statistics.

24 Aug 2016

CML: London homemovers slump 41% in Q2

CML: London homemovers slump 41% in Q2

Home buyers and home movers in London dropped by 23% and 41% respectively in Q2, according to the latest CML statistics.

24 Aug 2016

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