Latest News

RBS reports ninth consecutive loss at £7bn

RBS reports ninth consecutive loss at £7bn

RBS has reported an annual loss of £6.96bn for 2016 - a sharp fall from the £1.98bn loss reported in the same period a year earlier.

24 Feb 2017

Aldermore to launch retention proc fees for resi and BTL

Aldermore to launch retention proc fees for resi and BTL

Aldermore has announced that it will offer a 0.30% retention procuration fee for brokers from 3rd April.

24 Feb 2017

Magellan partners with 3mc

Magellan partners with 3mc

Magellan Homeloans has announced that it will distribute its full mortgage range via specialist distributor and packager 3mc.

24 Feb 2017

Atom Bank offers new savings rates of up to 2.40%

Atom Bank offers new savings rates of up to 2.40%

Atom Bank has increased its fixed savings product rates across one, two, three and five year terms.

24 Feb 2017

London house price growth to slow to 0% in 2017

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London house price growth to slow to 0% in 2017

House price growth in London has fallen to 6.4%, the lowest level since June 2013, according to the latest Hometrack house price index.

24 Feb 2017

One in ten advised against equity release

One in ten advised against equity release

Advisers are recommending that around one in 10 clients do not go ahead with equity release and instead look to other ways of increasing retirement income, according to Bower Retirement research.

23 Feb 2017

Generalists and specialists

Generalists and specialists

A few years ago we had a loft conversion. The architect I employed to make best use of our new space had to sub-contract part of his work to a construction engineer to ensure the additional weight would be distributed evenly without weakening the structure of the house. We then engaged a builder, but he sub-contracted work to electricians and plumbers. We needed a larger boiler so the plumber sub-contracted that installation to a Corgi-qualified engineer. The architect and the builder were generalists in their fields. However they delivered the best customer service by engaging specialists where required.

23 Feb 2017

Government reduces stake in Lloyds to below 4%

Government reduces stake in Lloyds to below 4%

The government has reduced its remaining shareholding in Lloyds Banking Group to less than 4%, the day after the bank announced that profits in 2016 hit a ten-year high.

23 Feb 2017

Less than half take lump sum advice despite soaring withdrawals: FCA

Less than half take lump sum advice despite soaring withdrawals: FCA

Under half of customers who fully withdraw their pension pot as a lump sum are seeking regulated advice, despite the number of full cash withdrawals increasing markedly in 2016, according to new FCA data.

23 Feb 2017

New Intelliflo tool to help advisers stay social media compliant

New Intelliflo tool to help advisers stay social media compliant

Intelliflo has added Hearsay Systems’ compliance-enabled adviser cloud platform to Intelligent Office, enabling advisers to manage their social media interaction in a regulator-friendly and MiFID II compliant manner.

23 Feb 2017

 

Kent Reliance launches lowest ever specialist BTL rates

Kent Reliance launches lowest ever specialist BTL rates

Kent Reliance has revamped its buy-to-let specialist mortgage range, with rates now starting from 2.99% - its lowest ever rate.

23 Feb 2017

Paymentshield launches adviser introducer scheme

Paymentshield launches adviser introducer scheme

Paymentshield has launched an introducer scheme for mortgage advisers to encourage further engagement with general insurance.

23 Feb 2017

Gross mortgage lending hits nine-year high of £18.9bn: CML

Gross mortgage lending hits nine-year high of £18.9bn: CML

Gross mortgage lending reached £18.9bn in January - the highest lending total for a January since 2008, according to the latest CML estimates.

23 Feb 2017

Coventry to pay proc fees for BTL product transfers

Coventry to pay proc fees for BTL product transfers

The Coventry for intermediaries has today announced that it will start paying proc fees on buy-to-let retention business, effective from 1 April.

23 Feb 2017

Barclays almost triples full year profit to £3.2bn

Barclays almost triples full year profit to £3.2bn

Barclays has announced a rise in full year profits to from £1.1 billion in 2015 to £3.2 billion in 2016.

23 Feb 2017

Pepper Homeloans adds Ingard to panel

Pepper Homeloans adds Ingard to panel

Pepper Homeloans has added Essex and Chester based mortgage network, Ingard, to its distribution network.

23 Feb 2017

Accord extends retention proc fee pilot before full roll out

Accord extends retention proc fee pilot before full roll out

Accord Mortgages is widening its pilot which pays brokers a procuration fee for retained business on residential mortgages.

22 Feb 2017

Saffron launches expat BTL range

Saffron launches expat BTL range

Saffron For Intermediaries has launched five-year fixed rate deals for expats purchasing or remortgaging and for landlords wanting to refurbish properties.

22 Feb 2017

Number of home movers in London hits 25-year low

Number of home movers in London hits 25-year low

Homemover activity in London fell to its lowest level since 1991, according to statistics from the CML.

22 Feb 2017

Buy to Let Club adds MTF and LendInvest to bridging panel

Buy to Let Club adds MTF and LendInvest to bridging panel

Buy to Let Club has added MTF and LendInvest to its panel and appointed an in-house bridging specialist to extend its offering to Club members.

22 Feb 2017

Front Events launches FSE Wales and FS Open Golf Tournament

Front Events launches FSE Wales and FS Open Golf Tournament

Front Events has announced the launch of FSE Wales, formerly FSE Cardiff which will be held at Celtic Manor, near Newport, South Wales on Wednesday 28th June.

22 Feb 2017

Lloyds profits hit 10-year high

Lloyds profits hit 10-year high

Lloyds profits more than doubled in 2016, rising by 158% to £4.2 billion, according to its full-year results.

22 Feb 2017

PFS: new guidance body should offer free session with an adviser

PFS: new guidance body should offer free session with an adviser

Every working adult in the UK would be offered a voucher for a financial health check session with a professional financial adviser, under a proposal developed by the Personal Finance Society.

22 Feb 2017

Paradigm adds Vida Homeloans to panel

Paradigm adds Vida Homeloans to panel

Paradigm Mortgage Services has added Vida Homeloans to its lender panel.

22 Feb 2017

Q4 GDP growth revised up to 0.7%: ONS

Q4 GDP growth revised up to 0.7%: ONS

UK GDP growth increased by 0.7% in the final quarter of 2016 according to updated estimates from the ONS, up from the 0.6% recorded in the preliminary estimates last month.

22 Feb 2017

3mc launches one-year fix BTL exclusive

3mc launches one-year fix BTL exclusive

3mc has launched an exclusive buy-to-let mortgage deal funded by Precise Mortgages which is available for individuals as well as limited companies.

22 Feb 2017

Leeds BS and Metro Bank announce record mortgage lending

Leeds BS and Metro Bank announce record mortgage lending

Leeds Building Society and Metro Bank have both reported record lending growth in 2016.

22 Feb 2017

Debt consolidation soars as lending hits record levels

Debt consolidation soars as lending hits record levels

There has been a sharp rise in the number of Britons looking to consolidate their debt in January as borrowing continues to rise, according to research from Kensington Mortgages.

21 Feb 2017

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