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Over 220,000 purchase through Help to Buy

Over 220,000 purchase through Help to Buy

The latest Help to Buy statistics show that over 220,000 people have been able to buy a home using the government’s Help to Buy products, as the mortgage guarantee scheme nears its closure.

16 Dec 2016

Robo-advice failing investors, warns new report

Robo-advice failing investors, warns new report

The Financial Services Consumer Panel is urging the FCA to clarify its rules after finding that many robo-advice services failed to communicate clearly whether they were providing regulated advice or guidance.

16 Dec 2016

London house price growth slows to three-year low

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London house price growth slows to three-year low

House price growth in London has fallen to 7.6% - the lowest level for 39 months - as affordability pressures and multiple policy changes aimed at investors weaken demand, according to the latest Hometrack house price index.

16 Dec 2016

Y3S acquires 50% stake in Pink Pig Loans

Y3S acquires 50% stake in Pink Pig Loans

Y3S Group has acquired a 50% shareholding in second charge and bridging brokerage Pink Pig Loans.

15 Dec 2016

Rate rise and strained finances pose risk to housing market: BSA

Rate rise and strained finances pose risk to housing market: BSA

Increased living costs and rising interest rates pose the biggest risk to stability in the housing market next year, according to Building Societies Association research.

15 Dec 2016

London mortgage sales rebound with 7.3% rise

London mortgage sales rebound with 7.3% rise

London has stormed ahead with the highest regional mortgage sales growth in November, according to Equifax Touchstone data.

15 Dec 2016

BoE holds bank rate but predicts 2% inflation in six months

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BoE holds bank rate but predicts 2% inflation in six months

The Bank of England's Monetary Policy Committee has voted unanimously to maintain Bank Rate at 0.25%.

15 Dec 2016

88% of advisers wouldn't outsource paraplanning

88% of advisers wouldn't outsource paraplanning

Nearly nine out of ten advisers say they prefer to employ a full-time paraplanner as part of their in-house team instead of turning to an outsourced paraplanner, according to research from Panacea Adviser.

15 Dec 2016

CML revises down 2017 mortgage lending forecasts

CML revises down 2017 mortgage lending forecasts

The Council of Mortgage Lenders' lending forecasts for 2017 have been revised downwards from the previous expectations of a year ago, reflecting economic uncertainties as well as new tax burdens and regulatory changes in the housing and mortgage markets.

15 Dec 2016

Hinckley & Rugby increases BTL stress tests

Hinckley & Rugby increases BTL stress tests

Hinckley & Rugby Building Society has announced its new buy-to-let lending policy to comply with the new requirements from the PRA.

15 Dec 2016

 

Clever Lending partners with Kensington

Clever Lending partners with Kensington

Clever Lending has partnered with Kensington Mortgages as a distributor of their specialist and buy-to-let first charge mortgage products.

15 Dec 2016

Magellan launches new product ranges

Magellan launches new product ranges

Magellan Homeloans has announced the launch of two new product ranges as well as of up to 0.5% on fixed rates.

15 Dec 2016

9 in 10 borrowers choosing fixed rates: MAB

9 in 10 borrowers choosing fixed rates: MAB

As many as 9 in 10 borrowers are taking out a fixed rate mortgage rather than a variable product, according to new data from Mortgage Advice Bureau.

15 Dec 2016

Brokers confident about 2017 business volumes

Brokers confident about 2017 business volumes

Intermediary business sentiment is improving, with more than a third (34%) expecting business volumes to increase over the coming quarter, according to Paragon Mortgages research.

14 Dec 2016

Barclays simplifies BTL affordability assessments

Barclays simplifies BTL affordability assessments

Barclays Mortgages is simplifying its affordability assessments and minimum gross income requirements for new buy-to-let lending.

14 Dec 2016

Providers to contribute to intermediary FSCS claims: FCA

Providers to contribute to intermediary FSCS claims: FCA

The FCA says product providers should contribute towards intermediation claims as part of changes to the Financial Services Compensation Scheme's rules.

14 Dec 2016

Purchase lending down 8% as remortgaging soars: CML

Purchase lending down 8% as remortgaging soars: CML

Purchase lending to home-buyers fell by 8% month-on-month in October, and remains 11% lower than October 2015, according to the latest CML statistics.

14 Dec 2016

Accord launches five-year offset range

Accord launches five-year offset range

Accord Mortgages has launched a range of new five-year offset mortgages for borrowers who are looking to reduce their repayments or pay off their home loan early.

14 Dec 2016

Government scraps LISA exit charges in first year

Government scraps LISA exit charges in first year

The government has announced that the 25% withdrawal charge for the Lifetime ISA will not apply for the first year, as people could face a 25% Government charge up to 12 months before they receive the bonus.

14 Dec 2016

Loan.co.uk acquires Only Bridging

Loan.co.uk acquires Only Bridging

Loan.co.uk has acquired a majority stake in Only Bridging, the second charge, bridging, development and commercial finance brokerage.

14 Dec 2016

LendInvest launches first auction finance product

LendInvest launches first auction finance product

LendInvest has launched its first auction finance product to help brokers and borrowers prepare for the first auctions of 2017.

14 Dec 2016

60% don't know size of their mortgage debt

60% don't know size of their mortgage debt

New data reveals that most mortgage borrowers are oblivious to the size of their debt, with three in five unable to say what’s left to pay on their loan.

14 Dec 2016

Just 27% understand how base rate affects mortgages

Just 27% understand how base rate affects mortgages

Just one in four (27%) homeowners understand how cuts to the Bank of England’s base rate could affect their mortgage payments, according to new research from Trussle.

14 Dec 2016

Shawbrook cuts Specialist BTL rates by up to 0.96%

Shawbrook cuts Specialist BTL rates by up to 0.96%

Shawbrook has reduced rates by up to 0.96% on Specialist BTL products and up to 1.06% on Commercial products.

13 Dec 2016

Client retention key focus for 90% of brokers

Client retention key focus for 90% of brokers

90% of brokers say that client retention is a key focus for their business with just under a quarter of brokers (23%) citing it as their biggest business challenge, according to research from Legal & General.

13 Dec 2016

Savings accounts paying over 1% halve in 2016

Savings accounts paying over 1% halve in 2016

The number of savings accounts paying 1% or more has halved in 2016 as reductions outweigh rate rises for the 14th consecutive month.

13 Dec 2016

Bluestone appoints Peter McGuinness as Group CEO

Bluestone appoints Peter McGuinness as Group CEO

Bluestone Group has appointed Peter McGuinness as Group CEO, with immediate effect.

13 Dec 2016

Pension providers making "significant progress" on fee reductions: FCA

Pension providers making "significant progress" on fee reductions: FCA

Pension providers have made "significant progress" towards reducing fees and charges, but some people are still at risk of high charges, according to a new report by the FCA and the Department for Work and Pensions.

13 Dec 2016

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