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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

Royal London warns of retiree ‘downsizing delusion’

Royal London warns of retiree ‘downsizing delusion’

Up to three million people of working age who are planning to use the value of their home to fund their retirement instead of a pension "could easily see their income halve at retirement", according to Royal London.

16 Jul 2016

Debt management directors disqualified for taking client funds

Debt management directors disqualified for taking client funds

A husband and wife team have been disqualified for a total of 24 years for their conduct as directors of First Step Finance Limited.

15 Jul 2016

In the Spotlight with Matt Andrews, Bluestone Mortgages

In the Spotlight with Matt Andrews, Bluestone Mortgages

We spoke to Matt Andrews, Managing Director of Bluestone Mortgages, about robo-advice and the importance of relationships between brokers and lenders.

15 Jul 2016

The end of the all-encompassing master broker fee model?

The end of the all-encompassing master broker fee model?

The whole post-Referendum fallout clearly has plenty of miles to cover and it seems incredibly difficult at the moment to think about how everything will play out.

15 Jul 2016

Freedom launches mortgage arm with Sensible Home Finance acquisition

Freedom launches mortgage arm with Sensible Home Finance acquisition

Freedom Finance has agreed a deal to acquire Sensible Home Finance which will be rebranded as Freedom Mortgages.

15 Jul 2016

House of Lords call for 50% house building increase

House of Lords call for 50% house building increase

The House of Lords’ Building More Homes report, published this morning, says that "at least 300,000 new homes are needed annually for the foreseeable future", as the Government's target of one million homes by 2020 will not be enough.

15 Jul 2016

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