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Lack of suitable housing prevents 500,000 over-55s from moving

Lack of suitable housing prevents 500,000 over-55s from moving

Over the last two years, over half a million over-55s have abandoned plans to move because of a lack of suitable housing, according to research from HomeOwners Alliance.

20 Jul 2016

Freedom Finance appoints MD ahead of expansion

Freedom Finance appoints MD ahead of expansion

Freedom Finance has strengthened its senior team with the appointment of Jeff Poole has joined as Managing Director and Zoe Cuthbertson as Head of Marketing.

20 Jul 2016

BoE: no evidence of slowing activity post-Referendum

BoE: no evidence of slowing activity post-Referendum

Despite business uncertainty rising "markedly" following the EU Referendum, the Bank of England says that there is "no clear evidence of a sharp general slowing in activity".

20 Jul 2016

David Finlay and Adrian Whittaker leave New Street

David Finlay and Adrian Whittaker leave New Street

New Street Mortgages' director of distribution David Finlay and sales director Adrian Whittaker have both left the business after parent company Northview announced plans to combine its senior management teams.

20 Jul 2016

Brexit triggers 50% surge in overseas buyer enquiries

Brexit triggers 50% surge in overseas buyer enquiries

Mortgage enquiries from overseas buyers have increased by 50% since the Referendum, according to deVere Mortgages.

20 Jul 2016

TFC appoints key account manager for the North

TFC appoints key account manager for the North

TFC Homeloans has recruited Wayne Bowler as key account manager for the North of England.

20 Jul 2016

IMF cuts UK growth forecasts by 0.9%

IMF cuts UK growth forecasts by 0.9%

The International Monetary Fund has cut its forecasts for UK growth by 0.2% to 1.7% this year and by 0.9% to 1.3% for 2017.

19 Jul 2016

The future of MCD post-Brexit

The future of MCD post-Brexit

In the aftermath of the EU referendum, along with all of the obvious questions being asked - What does this mean for trade? Will jobs be affected? Are our political parties performing in some sort of satirical comedy at present? - the topic of EU regulation was brought up.

19 Jul 2016

Furness launches larger loan range

Furness launches larger loan range

Furness Building Society has launched two variable rate products specifically for loans between £300,000 and £500,000.

19 Jul 2016

Leeds BS appoints Head of Intermediary Distribution

Leeds BS appoints Head of Intermediary Distribution

Leeds Building Society has strengthened its intermediary mortgage team with the appointment of Martese Carton as Head of Intermediary Distribution.

19 Jul 2016

 

National Counties BS launches expat mortgage

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National Counties BS launches expat mortgage

National Counties Building Society has launched an interest-only mortgage for UK expats.

19 Jul 2016

Scottish brokers confident about future of BTL

Scottish brokers confident about future of BTL

Brokers in Scotland are the most confident about the future of the buy-to-let market, with 63% believing it will remain the same size as last year, despite the 2015 surge in activity.

19 Jul 2016

True Potential opens multi-asset portfolios to adviser market

True Potential opens multi-asset portfolios to adviser market

True Potential Investments is opening its range of multi-asset, multi-manager portfolios to all UK financial advisers due to "market volatility in the wake of Brexit and rising investor demand for diversification".

19 Jul 2016

May house prices recover from April slump with 1.1% rise

May house prices recover from April slump with 1.1% rise

House prices rose by 1.1% in May, offsetting the previous month's fall following the stamp duty changes.

19 Jul 2016

Inflation rises to 0.5%

Inflation rises to 0.5%

CPI inflation rose by 0.5% in the year to June 2016, compared with a 0.3% rise in the year to May, according to the latest ONS data.

19 Jul 2016

Industry concerned over pensions 'demotion' in ministerial reshuffle

Industry concerned over pensions 'demotion' in ministerial reshuffle

Following Ros Altmann's resignation from government, the retirement industry has raised concerns that the role of pensions minister has now been made a junior ministerial post.

19 Jul 2016

Just Mortgages expands self-employed broker division

Just Mortgages expands self-employed broker division

Just Mortgages is expanding its self-employed division after launching four months ago.

19 Jul 2016

TSB incorporates Northern Rock mortgages into new brand

TSB incorporates Northern Rock mortgages into new brand

TSB has completed legal transfer of former Northern Rock mortgages and loans from UKAR into a custom-built new home – Whistletree.

18 Jul 2016

House prices see 0.9% monthly drop

House prices see 0.9% monthly drop

The price of property coming to market has fallen by 0.9% (-£2,647) this month, with the run-up to the summer holiday season and the Referendum cited as causes.

18 Jul 2016

500 brokers join The Mortgage Lender in first week

500 brokers join The Mortgage Lender in first week

Around 500 brokers have registered with The Mortgage Lender during its first week of operation.

18 Jul 2016

Equity release lending hits £934m in H1

Equity release lending hits £934m in H1

Retired homeowners cashed in more than £934 million of property wealth in the first six months of the year, with the market now on track to exceed £2 billion for the first time, according to Key Retirement.

18 Jul 2016

FCA names providers with lowest savings rates

FCA names providers with lowest savings rates

The FCA has published data showing the lowest interest rates offered by 32 providers of easy access cash savings accounts and easy access cash ISAs - with some accounts paying as little as 0.01%.

18 Jul 2016

Lenders to maintain or increase P2P investments post-Referendum

Lenders to maintain or increase P2P investments post-Referendum

Investors appear to be showing faith in peer-to-peer lending following the Brexit vote, with the majority of investors set to maintain or increase their P2P investments.

18 Jul 2016

Saffron launches new occupational mortgage rates

Saffron launches new occupational mortgage rates

Saffron For Intermediaries has launched new fixed rate products on its occupational range of mortgages.

18 Jul 2016

MPC's Weale dismisses need for an immediate rate cut

MPC's Weale dismisses need for an immediate rate cut

Martin Weale, member of the Bank of England's MPC, believes the Committee should "wait for firmer evidence before making any policy change", noting the "absence of any strong arguments for an immediate change".

18 Jul 2016

36% of over-55s still paying mortgages

36% of over-55s still paying mortgages

36% of over-55s seen by advisers are still paying off their mortgage and advisers are seeing a surge of inquiries from customers with interest-only loans, according to Bower Retirement Services.

18 Jul 2016

Post-Referendum industry optimism lower than in financial crisis

Post-Referendum industry optimism lower than in financial crisis

There is less optimism in the boardrooms of UK companies today than there was at the height of the 2008 financial crisis, according to a Deloitte survey.

18 Jul 2016

Altmann calls for further pension reform after quitting post

Altmann calls for further pension reform after quitting post

Ros Altmann has been replaced as pensions minister in Theresa May's new government.

18 Jul 2016

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