Latest News

FCA and Japanese regulator to support fintech firms

FCA and Japanese regulator to support fintech firms

The Financial Services Agency of Japan and the FCA have established a new framework in a bid to support fintech companies.

09 Mar 2017

Age Partnership to support YBS interest-only clients

Age Partnership to support YBS interest-only clients

Yorkshire Building Society has linked up with Age Partnership to offer support to its interest-only maturity clients.

09 Mar 2017

Self-employed state pension boost 'dwarfs' NICs rise: Royal London

Self-employed state pension boost 'dwarfs' NICs rise: Royal London

Royal London says that the state pension boost which many self-employed people have received under recent reforms is "significantly greater" than the amount which the self-employed will lose through new National Insurance Contributions changes.

09 Mar 2017

Co-Op Bank reports £477m annual loss

Co-Op Bank reports £477m annual loss

Co-Operative Bank has reported a statutory loss before tax of £477.1m in 2016 as it "continued to be impacted by legacy issues".

09 Mar 2017

Transactions and buyer enquiries remain flat: RICS

Transactions and buyer enquiries remain flat: RICS

Residential transaction volumes and new buyer enquiries both remained flat in February, pointing to a relatively modest rise in activity in the months to come, according to the latest RICS UK Residential Market Survey.

09 Mar 2017

Aviva to return capital to shareholders as profits rise 12%

Aviva to return capital to shareholders as profits rise 12%

Aviva has reported a 12% rise in its operating profit to £3bn, underpinned by strong performances from Aviva Investors and its UK and Ireland General Insurance arm.

09 Mar 2017

New call recording device launches ahead of MiFID II

New call recording device launches ahead of MiFID II

British technology startup Callbox has launched a new call recording device to help IFAs stay compliant ahead of the anticipated announcement of the FCA’s MiFID II rules in June.

09 Mar 2017

Half of advisers think clients are being overcharged

Half of advisers think clients are being overcharged

Nearly half (47%) of advisers think that some clients are overpaying for the value of advice they receive, according to New Model Business Academy research.

09 Mar 2017

Paragon Bank launches new 3-year fixed rate ISA

Paragon Bank launches new 3-year fixed rate ISA

Paragon Bank is launching a new 3-year fixed rate cash ISA with an interest rate of 1.40% AER.

08 Mar 2017

Budget 2017
Spring Budget: Chancellor’s ‘attack’ on self-employed draws industry criticism

Budget 2017
Spring Budget: Chancellor’s ‘attack’ on self-employed draws industry criticism

Today’s Spring Budget saw Chancellor Philip Hammond announce higher taxes for the self-employed – with class 4 National Insurance Contributions, or NICs, increase from 1% to 10% in 2018.

08 Mar 2017

 

Budget 2017
Spring Budget: ‘Death tax’ not part of social care funding plan, says Hammond

shutterstock_94126492.jpg

Budget 2017
Spring Budget: ‘Death tax’ not part of social care funding plan, says Hammond

Today’s Spring Budget saw Chancellor Philip Hammond make clear he would not consider reviving the ‘death tax’ as part of a strategic overhaul on social care funding.

08 Mar 2017

Budget 2017
Spring Budget: OBR upgrades its forecast for 2017

Budget 2017
Spring Budget: OBR upgrades its forecast for 2017

Speaking in today’s Spring Budget, Chancellor Philip Hammond announced that the OBR has upgraded its forecast for this year, from 1.4% to 2%, reflecting the recent strength in the economy.

08 Mar 2017

Claire Budden rejoins Complete FS

Claire Budden rejoins Complete FS

Complete FS, the South Coast based specialist lending packager, welcomes back Claire Budden in the role of Associate Director of Operations.

08 Mar 2017

Tesco cuts rates on 2- and 5-year fixes

Tesco cuts rates on 2- and 5-year fixes

Tesco Bank has reduced the rates on a selection of its 2 year and 5 year fixed rate remortgage products.

08 Mar 2017

Scottish Widows launches protection cover on LifeQuote

Protection

Scottish Widows launches protection cover on LifeQuote

Scottish Widows has launched its flexible life insurance products, Scottish Widows Protect, on LifeQuote, the specialist protection service for advisers.

08 Mar 2017

Tenet adds Central Trust to second charge panel

Tenet adds Central Trust to second charge panel

Tenet has added Central Trust to its direct to lender second charge panel, which was launched in November. Central Trust will join the initial five lenders Masthaven Secured Loans, Precise Mortgages, Paragon Personal Finance, Shawbrook Bank, and Step One Finance.

08 Mar 2017

Shawbrook Bank rejects £825m takeover offer

Shawbrook Bank rejects £825m takeover offer

Shawbrook Bank have rejected a £825m takeover offer, it revealed today in its end of year results.

07 Mar 2017

Residential and BTL rates cut at Aldermore

Residential and BTL rates cut at Aldermore

Aldermore has announced that it has reduced rates on its residential mortgage range by up to 0.5% and improved its offering for landlords who are purchasing or remortgaging single residential units, with 5 year fixed rate mortgages now from 2.98%.

07 Mar 2017

Professional body 'cautiously' welcomes housing white paper

Professional body 'cautiously' welcomes housing white paper

The new housing white paper has been acknowledged as a welcome statement of intent by the Society of Mortgage Professionals, who cautiously view it as an indication that the government are taking the current situation seriously.

07 Mar 2017

Magellan agrees distribution with Black Book Finance

Magellan agrees distribution with Black Book Finance

Magellan Homeloans, the specialist mortgage lender, has reached agreement to distribute its range of mortgage products via Black Book Finance.

07 Mar 2017

2 in 3 advisers believe Brexit & DB transfer rush will boost drawdown

2 in 3 advisers believe Brexit & DB transfer rush will boost drawdown

The Brexit process and growth in the final salary transfer market will be the key drivers in increased demand for guaranteed drawdown solutions over the next two years, new research from MetLife shows.

07 Mar 2017

Annual house price growth declines to 5.1%

Annual house price growth declines to 5.1%

The latest data from Halifax has revealed that house prices in the last three months were 1.7% higher than in the previous three months. This compared to the 2.3% quarterly rate of change in January, and was the lowest since November 2016.

07 Mar 2017

Landbay joins Brilliant Solutions panel

Landbay joins Brilliant Solutions panel

Mortgage packaging and distribution experts, Brilliant Solutions, has announced that it has partnered with the peer-to-peer mortgage lender, Landbay, in a move aiming to provide mortgage brokers and their professional landlord clients with access to specialist lending products.

07 Mar 2017

deVere Group announce investment banking licence

deVere Group announce investment banking licence

deVere Group has announced it has received an investment banking licence which will be fully operational within a matter of weeks.

07 Mar 2017

Kensington’s tips to streamline the self-employed mortgage application

Kensington’s tips to streamline the self-employed mortgage application

There has been a growing trend in Britain’s workforce over recent years, with scores of people deciding to start their own businesses.

06 Mar 2017

Over half unaware of saving measures introduced in last year's budget

Over half unaware of saving measures introduced in last year's budget

According to researchfrom insurer, Zurich, 54% of people don’t know what financial measures were introduced in last year’s Budget, yet 78% say it’s important that the Government introduces measures to encourage people to save.

06 Mar 2017

Short term fixes see highest SVR jump for 8 years

Short term fixes see highest SVR jump for 8 years

New data from Moneyfacts has highlighted that borrowers who opted for a cheap two-year fixed rate mortgage two years ago are more likely to remortgage from their Standard Variable Rate (SVR) to a new deal than those whose fixed deals ended in October 2014.

06 Mar 2017

Tesco Bank adds Mortgage Intelligence to broker panel

Tesco Bank adds Mortgage Intelligence to broker panel

Tesco Bank has announed that it has added a new mortgage intermediary to its broker panel. The lender announced that from today, customers can now access Tesco Bank’s mortgage products through the Mortgage Intelligence Network.

06 Mar 2017

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