Latest News

BoE projections show Bank Rate of just 0.8% by 2019

BoE projections show Bank Rate of just 0.8% by 2019

In the Bank of England's latest Inflation Report, the market-implied path for Bank Rate drops to 0.4% until Q2 2017 before reaching 0.8% in three years' time.

12 May 2016

MPC maintains Bank Rate but raises Brexit concerns

MPC maintains Bank Rate but raises Brexit concerns

At its latest meeting, the MPC voted unanimously to maintain Bank Rate at 0.5%, despite some economists predicting members to vote for a decrease.

12 May 2016

Keystone introduces split BTL stress tests

Keystone introduces split BTL stress tests

Keystone Property Finance is introducing separate stress tests for individual and limited company borrowers.

12 May 2016

Google to ban 'harmful' payday loan ads

Google to ban 'harmful' payday loan ads

Google has announced that it is banning ads for payday loans and other 'deceptive or harmful financial products' from its ads systems.

12 May 2016

Flexible lenders keeping repossessions low: CML data

Flexible lenders keeping repossessions low: CML data

Repossessions and arrears are continuing to fall, dropping to 2,100 in Q1 to the lowest on record, according to CML data.

12 May 2016

City Minister: Brexit would 'significantly weaken' UK financial services

City Minister: Brexit would 'significantly weaken' UK financial services

Economic Secretary to the Treasury, Harriett Baldwin, has warned that leaving the EU could "severely damage the competitiveness of the UK's financial services industry".

12 May 2016

Lifetime ISA 'muddies the waters', says Aegon CEO

Lifetime ISA 'muddies the waters', says Aegon CEO

Adrian Grace, UK Chief Executive of Aegon has warned that the Lifetime ISA "presents risks if poorly positioned as a competitor to workplace pensions".

12 May 2016

Aldermore mortgage lending up 60% to £542m

Aldermore mortgage lending up 60% to £542m

Aldermore has reported strong growth in its business finance and mortgages divisions in Q1 2016, with mortgage origination rising by 60% to £542m.

12 May 2016

Royal London in partnership search after record quarter

Royal London in partnership search after record quarter

Royal London has announced a record quarter of new business results for Q1 2016 and is now hunting for new distribution partnerships.

12 May 2016

Saffron launches limited edition 5-year fix

Saffron launches limited edition 5-year fix

Saffron For Intermediaries has launched a limited edition 5-year fixed rate mortgage deal for purchase or remortgage.

12 May 2016

 

Brightstar reveals EasySource launch date

Brightstar reveals EasySource launch date

Brightstar has announced that its new specialist sourcing system and case management tool EasySource will launch for intermediaries on Wednesday 1st June, with Shawbrook Bank as EasySource's official sponsor.

12 May 2016

Average London house price hits £600,000

shutterstock_125020271.jpg

Average London house price hits £600,000

Home values in London have doubled over the last seven years, with the average london home breaking through the £600,000 barrier, according to the latest Your Move house price index.

12 May 2016

Positive Lending launches flat second charge fee

Positive Lending launches flat second charge fee

Positive Lending is charging a flat £995 fee to Directly Authorised intermediaries for all residential second charge secured loans, with the intermediary receiving 100% of the proc fee.

11 May 2016

Marsden backs transition mortgages for older borrowers

Marsden backs transition mortgages for older borrowers

Marsden Building Society is speaking out in support of older borrowers and the growing need for 'transition mortgages'.

11 May 2016

Skipton revamps New Build and HTB ranges

Skipton revamps New Build and HTB ranges

Skipton Building Society is cutting rates up to 0.34% on 2 year New Build products at 90% LTV and is also launching a simplified Help to Buy range.

11 May 2016

BIBA: regulatory change continues to stifle GI innovation

BIBA: regulatory change continues to stifle GI innovation

The British Insurance Brokers' Association have highlighted a "number of barriers to innovation" in the insurance broker sector.

11 May 2016

OneSavings Bank sees loan book grow by £460m in Q1

OneSavings Bank sees loan book grow by £460m in Q1

OneSavings Bank saw net loans & advances grow by £460m in Q1, which it says was accelerated by acquisitions of first and second charge residential mortgage portfolios totalling £131m.

11 May 2016

SimplyBiz partners with National Counties and Family BS

SimplyBiz partners with National Counties and Family BS

SimplyBiz Mortgages has announced that both National Counties Building Society and The Family Building Society have joined its panel of lenders.

11 May 2016

Bluestone Mortgages grows team following pilot launch

Bluestone Mortgages grows team following pilot launch

Specialist lender Bluestone Mortgages has recruited four new staff members across its business divisions.

11 May 2016

Interest-only crisis drives lump sum equity release sales

Interest-only crisis drives lump sum equity release sales

Imminent interest-only mortgage due dates have driven a surge in sales of lump sum equity release plans, according to Key Retirement data.

11 May 2016

Belmont Green to launch as Vida Homeloans

Belmont Green to launch as Vida Homeloans

New challenger mortgage lender Belmont Green has confirmed that it will trade as Vida Homeloans when it launches into the intermediary mortgage market later this year.

11 May 2016

OneFamily launches first lifetime mortgage products

OneFamily launches first lifetime mortgage products

OneFamily has launched two lifetime mortgage products after announcing its intention to enter the market last month.

11 May 2016

New DWP service to locate lost pension savings

New DWP service to locate lost pension savings

A new DWP website has been launched by the Pension Tracing Service to help people find their lost pension savings.

11 May 2016

Brokers should focus on service, not price, to keep clients coming back for more

Brokers should focus on service, not price, to keep clients coming back for more

The start of 2016 has been promising for mortgage lending, thanks to record low interest rates and continued strong demand. The latest data from the Council of Mortgage Lenders showed a record £25.7bn of new mortgages in March 2016. That's up 59% on March 2015 - and the best March since the financial crisis.

10 May 2016

Step One cuts lender fee and scraps max age limits

Step One cuts lender fee and scraps max age limits

Step One Finance has updated its product range and launched new rates from 6.9%.

10 May 2016

Bank of Ireland loses £27m tax avoidance case

Bank of Ireland loses £27m tax avoidance case

The Bank of Ireland has lost a £27m tax avoidance case after "trying to exploit a loophole that did not exist", according to HM Revenue and Customs.

10 May 2016

SimplyBiz launches secured loans panel with Precise

SimplyBiz launches secured loans panel with Precise

Precise Mortgages is the first lender to join SimplyBiz Mortgages' has new secured loans panel.

10 May 2016

L&G Mortgage Club to offer direct-to-lender seconds

L&G Mortgage Club to offer direct-to-lender seconds

Legal & General Mortgage Club is launching a direct-to-lender proposition for second charge loans.

10 May 2016

Latest Money Careers

Popular this week