Latest News

TBMC adds Kensington to panel

TBMC adds Kensington to panel

TBMC has appointed Kensington to its lending panel and will offer all of Kensington’s core range of buy-to-let products, in addition to its newly launched HMO and multi-units proposition.

30 Nov 2016

Approvals show "no signs of falling further": e.surv

Approvals show "no signs of falling further": e.surv

The number of approvals was largely flat between September and October – dropping by 0.7% month-on-month – according to the latest e.surv data.

30 Nov 2016

RBS fails Bank of England stress test

RBS fails Bank of England stress test

Royal Bank of Scotland has failed to meet two key requirements of the Bank of England's stress test, which also revealed capital inadequacies in Barclays and Standard Chartered.

30 Nov 2016

Product transfer borrowers face personal liability risk, warns TMA

Product transfer borrowers face personal liability risk, warns TMA

The unreported product transfer market is a "ticking time bomb" for mortgage holders, warns TMA mortgage club, as millions of borrowers are at risk of waiving their right to full personal liability protection if they switch through a product transfer.

30 Nov 2016

Castle Trust to acquire Omni Capital Retail Finance

Castle Trust to acquire Omni Capital Retail Finance

Castle Trust Capital has agreed to acquire 100% of Omni Capital Retail Finance Limited, a retail point of sale finance business, from current owners CPC Group.

29 Nov 2016

Getting out on the road

Getting out on the road

One of the highlights of the last few months has been taking part in the Specialist Lending Roadshows organised by Financial Reporter.

29 Nov 2016

Fee-free mortgages double in 2016

Fee-free mortgages double in 2016

The number of fee-free deals available to those looking for a fixed-rate mortgage has more than doubled over the past year, according to Moneyfacts data.

29 Nov 2016

MPC denies low interest rates are hurting savers

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MPC denies low interest rates are hurting savers

External MPC member Gertjan Vlieghe has hit back at arguments that low interest rates hurt savers, because savers hold significant amounts of non-deposit assets, such as property, which benefit from low interest rates and asset purchases.

29 Nov 2016

L&G and Coventry announce general insurance partnership

L&G and Coventry announce general insurance partnership

Legal & General and Coventry Building Society have today announced a five year partnership to offer general insurance products to the Society’s members.

29 Nov 2016

Mortgage approvals rebound to seven-month high: BoE

Mortgage approvals rebound to seven-month high: BoE

Mortgage approvals rose from 62,932 in September to 67,518 in October, according to the latest Bank of England Money and Credit figures.

29 Nov 2016

 

New financial protection proposals 'biggest in a generation'

New financial protection proposals 'biggest in a generation'

The Payments Strategy Forum - whose members include consumer groups, businesses, fintechs, UK banks and building societies - has recommended a new way of making payments that promises greater financial protection and security for consumers and businesses.

29 Nov 2016

LendInvest cuts minimum loan size to £75,000

LendInvest cuts minimum loan size to £75,000

LendInvest has reduced the minimum loan size across its suite of bridging finance products to £75,000.

29 Nov 2016

Al Rayan Bank launches in Scotland

Al Rayan Bank launches in Scotland

Al Rayan Bank has opened an office in Glasgow to become the first wholly Sharia compliant retail bank in Scotland.

29 Nov 2016

DWP confirms 2.5% triple lock increase

DWP confirms 2.5% triple lock increase

The DWP has confirmed the increase in next year's state pension will be 2.5%, sticking to its pledge despite calling for the abolition of the triple lock earlier this month.

29 Nov 2016

FCA to review rent to own, guarantor and payday loans

FCA to review rent to own, guarantor and payday loans

The FCA has today launched a call for evidence on how the wider high cost credit market is working - including rent to own and guarantor loans - to find out how firms are treating their customers.

29 Nov 2016

The Mortgage Lender adds two distributors to panel

The Mortgage Lender adds two distributors to panel

The Mortgage Lender has added two further distributors to its panel - The Lending Channel and The Right Mortgage Network, increasing its total distribution panel to more than 30.

28 Nov 2016

Autumn Statement – a new look at how pension benefits are drawn

Autumn Statement – a new look at how pension benefits are drawn

In his first (and last) Autumn Statement Philip Hammond, the Chancellor, announced that he intended to reduce the Money Purchase Annual Allowance from £10,000 to £4,000 from April 2017. The Government will be consulting on whether £4,000 conflicts with Auto-Enrolment for those who remain in employment after they first draw their benefits.

28 Nov 2016

Masthaven Bank opens for business

Masthaven Bank opens for business

New challenger bank, Masthaven, launches today, offering a range of savings and lending products with plans to launch into the mortgage market in early 2017.

28 Nov 2016

First-time buyer sales hit record high: NAEA

First-time buyer sales hit record high: NAEA

32% of total sales made were to first-time buyers in October – a 9% rise from September and the highest number since National Association of Estate Agents records began 16 years ago in 2000.

28 Nov 2016

Vida Homeloans partners with e.surv

Vida Homeloans partners with e.surv

e.surv has partnered with Vida Homeloans to become the new mortgage lender's lead valuer and panel manager.

28 Nov 2016

SimplyBiz and Paragon launch secured loans proposition

SimplyBiz and Paragon launch secured loans proposition

SimplyBiz Mortgages has partnered with Paragon Personal Finance to launch a secured loans panel.

28 Nov 2016

LV= bolsters protection rehabilitation offering

LV= bolsters protection rehabilitation offering

LV= has expanded its protection team to help build and develop its early intervention services and ensure income protection claimants have all the help they need during their recovery to either stay in work or return to work.

28 Nov 2016

True Potential approved by The Pensions Regulator

True Potential approved by The Pensions Regulator

Wealth Management firm, True Potential, has been listed as an approved provider of workplace pensions by The Pensions Regulator.

28 Nov 2016

TFC Homeloans reduces fees

TFC Homeloans reduces fees

Specialist distributor TFC Homeloans has reduced fees across its specialist funding solutions, including first charge residential, second charge, buy-to-let and bridging business on a single property.

28 Nov 2016

FCA: annuity providers must reveal best open market rates

FCA: annuity providers must reveal best open market rates

New FCA rules will require annuity providers to give customers a comparison quote, showing them how much more they could get if they purchased an annuity on the open market.

28 Nov 2016

In the Spotlight with Phil Goff, SortRefer

In the Spotlight with Phil Goff, SortRefer

We spoke to Phil Goff, Head of Sales at SortRefer, about what action is needed to help first time buyers, how the homebuying process should be simplified, and Ed Balls' Strictly performance.

25 Nov 2016

House price to earnings ratio hits record high

House price to earnings ratio hits record high

The disparity between average earnings and house prices is reaching record levels in certain parts of the country, according to the latest Hometrack UK Cities Index.

25 Nov 2016

Demand for equity release qualifications up by a quarter

Demand for equity release qualifications up by a quarter

The London Institute of Banking & Finance says registrations for its Certificate in Equity Release qualification have increased by more than a quarter over the past year.

25 Nov 2016

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