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The Right Mortgage adds Enterprise to panel

The Right Mortgage adds Enterprise to panel

The Right Mortgage & Protection Network has appointed Enterprise Finance as Master Broker for specialist finance.

14 Jun 2016

BoE: average mortgage rates fall to new record low

BoE: average mortgage rates fall to new record low

The average interest rate on residential mortgages fell by 6 bps in to 2.63% in Q1 - the lowest rate ever recorded by the Bank of England.

14 Jun 2016

UK HPI: home sales drop 45.2% in April

UK HPI: home sales drop 45.2% in April

The new UK House Price Index (a merger of the Land Registry and ONS HPIs) shows that home sales fell by 45.2% on a monthly basis in April, attributed to slowing demand following the stamp duty changes.

14 Jun 2016

Halifax Intermediaries cuts FTB rates by 0.30%

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Halifax Intermediaries cuts FTB rates by 0.30%

Halifax Intermediaries has reduced rates on its first time buyer mortgage range.

14 Jun 2016

Retirement Advantage scraps affordability assessments on new range

Retirement Advantage scraps affordability assessments on new range

Retirement Advantage's new range of equity release products do not require affordability assessments to be completed as part of the application process.

14 Jun 2016

Former Schroders trader jailed for insider dealing

Former Schroders trader jailed for insider dealing

Damian Clarke, a former equities trader at Schroders Investment Management, has been sentenced to two years imprisonment after pleading guilty to nine counts of insider dealing.

14 Jun 2016

FCA's McDermott and Aldermore CEO named in Queen’s honours list

FCA's McDermott and Aldermore CEO named in Queen’s honours list

Tracey McDermott, Acting Chief Executive of the FCA, has received a CBE for "services to financial services consumers and markets".

13 Jun 2016

Santander to launch Private Banking proposition

Santander to launch Private Banking proposition

Santander UK has confirmed that it will launch a Private Banking proposition later this year, providing bespoke Private Banking solutions for clients who have £500,000 in savings or investments and/or an annual income of £250,000.

13 Jun 2016

Housing supply falls in over half of UK towns

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Housing supply falls in over half of UK towns

50.4% of UK towns and cities saw property supply fall in May, despite overall supply increasing by 4.8%, according to House Simple.

13 Jun 2016

Remain vote to cause 'surge in property investment'

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Remain vote to cause 'surge in property investment'

The UK property market could benefit from a surge in investment in the second half of this year if the UK votes to stay in the eurozone, according to Kames Capital.

13 Jun 2016

 

Leeds launches BTL exclusive to LSL

Leeds launches BTL exclusive to LSL

Leeds Building Society has launched a new 2 year 70% LTV buy-to-let fixed rate, available exclusively to the LSL group, including TMA Mortgage Club.

13 Jun 2016

Government urged to make retirement guidance compulsory

Government urged to make retirement guidance compulsory

LV= is calling for the government to make it compulsory for people to take guidance at retirement.

13 Jun 2016

New lenders trigger surge in equity release product choice

New lenders trigger surge in equity release product choice

A record 66 equity release plans are now available to advisers and clients, as new lenders to the market increase competition.

13 Jun 2016

Why we put our money where our mouth is when it comes to intermediary partnerships

Why we put our money where our mouth is when it comes to intermediary partnerships

At Virgin Money, our mortgage business is built around our intermediary partnerships because experience shows that when our intermediary partners’ thrive, so do we.

13 Jun 2016

Clever Lending launches new sourcing system

Clever Lending launches new sourcing system

Clever Lending has launched ‘Clever Sourcing’, its new second charge sourcing system for brokers, in association with Twenty7Tec.

13 Jun 2016

Virgin Money campaign champions use of intermediaries

Virgin Money campaign champions use of intermediaries

Virgin Money is launching a new campaign to promote the benefits of buying a mortgage through an intermediary.

13 Jun 2016

Landlord group to take action against trio of lenders

Landlord group to take action against trio of lenders

The Property 118 Action Group are crowdfunding to take action against Skipton, the Bank of Ireland and Manchester Building Society, for making "unlawful" changes to their mortgage terms.

10 Jun 2016

Robots can never replace the human touch

Robots can never replace the human touch

Consumers beware: the robots are coming, and they’ve got regulatory backing. Following the Financial Advice Market Review by the FCA and the Treasury, the former confirmed in April it will be setting up an ‘advice unit’ in the next 12 months to help firms get their automated advice models to market.

10 Jun 2016

Could Brexit dent house prices for ten years?

Could Brexit dent house prices for ten years?

Three in five (61%) of those who think that house prices will decrease if Britain leaves the EU say that it will take five years or more for the value of properties to return to their current levels.

10 Jun 2016

Citizens Advice calls for standard £50 pension exit charge

Citizens Advice calls for standard £50 pension exit charge

Citizens Advice is calling for the introduction of a standard £50 charge to cover pension provider’s administration costs, rather than the 1% cap on pension exit fees proposed by the FCA.

10 Jun 2016

Accord cuts five-year fixed rates

Accord cuts five-year fixed rates

Accord Mortgages has reduced rates by 0.15% on selected five-year fixed rate mortgages.

10 Jun 2016

Protection payouts total £14m a day

Protection payouts total £14m a day

The ABI's protection industry statistics for 2015 show that over £5bn was paid in group and individual protection insurance claims, the equivalent of almost £14m a day.

10 Jun 2016

Teachers BS launches 1.49% HTB rate

Teachers BS launches 1.49% HTB rate

Teachers Building Society has launched a new 1.49% discounted variable rate Help to Buy mortgage.

10 Jun 2016

Al Rayan Bank launches dedicated intermediary site

Al Rayan Bank launches dedicated intermediary site

Al Rayan Bank has announced the launch of a new, mobile friendly, website for mortgage intermediaries, as the Bank seeks to grow the volume of retail assets it services through the intermediary market.

10 Jun 2016

BBA members vote for trade body merger

BBA members vote for trade body merger

Members of the BBA have voted for in favour of a new trade association for financial services firms; incorporating the CML, Payments UK, and the UK Cards Association.

10 Jun 2016

Limited company lending hits record high

Limited company lending hits record high

Buy-to-let tax changes have generated record demand for mortgages via companies in 2016, according to Kent Reliance.

10 Jun 2016

House prices see biggest fall since November 2011

House prices see biggest fall since November 2011

House prices dropped by 0.4% in May – the steepest fall since November 2011, according to e.surv.

10 Jun 2016

Gold pension investors up 26%

Gold pension investors up 26%

The number of people purchasing gold through SIPPs has risen by over a quarter in the last three months.

09 Jun 2016

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