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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

Mortgage rates fall to new record lows: BoE

Mortgage rates fall to new record lows: BoE

Interest rates on residential mortgages fell by 8 bps in Q3 2016 to 2.47% - the lowest rate ever recorded in the Bank of England's Mortgage Lenders and Administrators Statistics.

13 Dec 2016

Inflation rises to two-year high of 1.2%

Inflation rises to two-year high of 1.2%

The Consumer Prices Index rose by 1.2% in the year to November 2016, following a surprise fall to 0.9% in October, according to the latest ONS statistics.

13 Dec 2016

House prices up 6.9% in October: UK HPI

House prices up 6.9% in October: UK HPI

Average house prices in the UK increased by 6.9% in the year to October 2016, down from 7.0% in the year to September 2016, according to the latest UK House Price Index from the ONS and Land Registry.

13 Dec 2016

Equity Release Council’s membership leaps 10% in Q4

Equity Release Council’s membership leaps 10% in Q4

The Equity Release Council has welcomed its 500th member this month, 25 years on from the launch of the first equity release industry Standards by its original provider members in December 1991.

13 Dec 2016

Government reduces Lloyds stake to below 7%

Government reduces Lloyds stake to below 7%

The government has sold a further 1% of its shares in Lloyds Banking Group, reducing its remaining shareholding to less than 7%.

13 Dec 2016

It's beginning to look a lot like Christmas

It's beginning to look a lot like Christmas

Christmas often provides plenty of thinking time for clients as they seek to understand and prioritise just what needs doing in the new year. It’s also a period when many people spend far more time in their homes than they would normally, and given this, it’s understandable that their attention turns to all things house-related.

12 Dec 2016

Value of private housing soars to £5.6 trillion

Value of private housing soars to £5.6 trillion

The total value of privately owned housing stock in the UK has grown by £1.9 trillion (or 51%) to over £5.5 trillion in the past decade, according to new research by Halifax.

12 Dec 2016

NatWest revamps criteria for high-income contractors

NatWest revamps criteria for high-income contractors

NatWest Intermediary Solutions has introduced changes to the way it assesses the income of high earning contractors and the type of maintenance payments it will accept.

12 Dec 2016

Three new distributors join UnderwriteMe

Three new distributors join UnderwriteMe

Following an initial launch with independent Protection advice firm, LifeSearch, and a direct to consumer implementation through Cavendish Online, UnderwriteMe has been chosen by three further intermediaries: Assured Futures, Tuto and Future Proof.

12 Dec 2016

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