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Nationwide sees record 46% rise in mortgage lending

Nationwide sees record 46% rise in mortgage lending

Nationwide has reported record mortgage lending for the first six months of 2016, with gross mortgage lending increasing by 17% to £17.5 billion and net mortgage lending up 46% to £6 billion.

18 Nov 2016

Conveyancing activity rebounds with 10% monthly rise

Conveyancing activity rebounds with 10% monthly rise

Following the initial shock felt in July and August following the Referendum result when transaction volumes saw year-on-year drops of 10% and 2% respectively, September witnessed an upturn of 10% as confidence returns to the market, according to Search Acumen.

18 Nov 2016

Metro Bank allows mortgage customers to rent out home on Airbnb

Metro Bank allows mortgage customers to rent out home on Airbnb

Metro Bank is enabling its residential mortgage customers to rent their properties through Airbnb, and similar sites, for up to 90 days a year without prior approval.

17 Nov 2016

Peer-to-peer lender Zopa to launch digital bank

Peer-to-peer lender Zopa to launch digital bank

Zopa has announced plans to launch a "next generation" digital bank to sit alongside its peer-to-peer business.

17 Nov 2016

Insurers urge government to ‘refine not replace’ Solvency II

Insurers urge government to ‘refine not replace’ Solvency II

UK insurers are calling for regulators to refine Solvency II to make it more appropriate for the UK market and customers, rather than replace it entirely when the UK leaves the EU.

17 Nov 2016

AE boosts pension saving by £2.5bn in 2015

AE boosts pension saving by £2.5bn in 2015

Automatic enrolment boosted pension membership to 88% and increased pension saving by £2.5 billion per year by April 2015, according to new IFS research.

17 Nov 2016

TSB cuts two-year fixes by up to 0.25%

TSB cuts two-year fixes by up to 0.25%

TSB has reduced selected two-year fixed and two-year tracker mortgage rates for home movers, first-time buyers and remortgage customers by up to 0.25%.

17 Nov 2016

Accord gives FTBs extra £500 cashback

Accord gives FTBs extra £500 cashback

Accord Mortgages is offering first-time buyers an extra £500 cashback when they complete on a mortgage.

17 Nov 2016

Gross mortgage lending rises to £20.6bn in October: CML

Gross mortgage lending rises to £20.6bn in October: CML

Gross mortgage lending held steady in October to hit £20.6 billion, according to the latest CML figures.

17 Nov 2016

Bank of England granted powers to regulate buy-to-let lending

Bank of England granted powers to regulate buy-to-let lending

The Bank of England’s Financial Policy Committee will be granted new powers by the government to control buy-to-let LTV and interest coverage ratios.

17 Nov 2016

 

ENRA Group to expand second charge and BTL offering

ENRA Group to expand second charge and BTL offering

ENRA Group, the parent company of Enterprise Finance and West One Loans, has announced plans to expand into the specialist buy-to-let and second charge mortgage marke following its acquisition.

17 Nov 2016

NACFB appoints Rob Lankey as Interim CEO

NACFB appoints Rob Lankey as Interim CEO

Rob Lankey has been appointed Interim CEO of the NACFB following the announcement last month that Adam Tyler is standing down after 11 years.

17 Nov 2016

LV= confirms annuity market exit

LV= confirms annuity market exit

LV= has confirmed its decision to stop selling enhanced annuities following a consultation with employees.

17 Nov 2016

Drawdown losses 'putting pension freedoms at risk'

Drawdown losses 'putting pension freedoms at risk'

Drawdown regrets are putting pension freedoms at risk as one in 10 are unhappy with their choice and nearly half of specialist advisers are reporting a rise in drawdown losses.

16 Nov 2016

Aviva’s new range added to LifeQuote platform

Aviva’s new range added to LifeQuote platform

All advisers using the LifeQuote protection platform now have access to Aviva’s full range of protection products.

16 Nov 2016

Northern Ireland and Scotland see slump in mortgage sales

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Northern Ireland and Scotland see slump in mortgage sales

Northern Ireland and Scotland saw the biggest slump in mortgage sales in October, at -8.7% and -5.2% respectively, according to Equifax Touchstone analysis.

16 Nov 2016

Using a professional loan to fund a partner’s buyout payment

Using a professional loan to fund a partner’s buyout payment

Losing a key staff member can be a very challenging time for any business, especially when they happen to be a senior Partner or Director with equity invested in the firm, as they typically want their original investment to be repaid as swiftly as possible after they leave.

16 Nov 2016

LISA sale must include workplace pension warning: FCA

LISA sale must include workplace pension warning: FCA

The FCA has today outlined its proposed approach to regulating the promotion and distribution of the Lifetime ISA, stating that investors must be warned about early withdrawal charges and potential lost workplace pension contributions.

16 Nov 2016

Access to mortgage finance driving fall in homeownership: Redfern Review

Access to mortgage finance driving fall in homeownership: Redfern Review

The two biggest drivers of declining home ownership since the financial crisis have been the fall in incomes of would-be first time buyers and their access to mortgage finance, according to a major review into home ownership.

16 Nov 2016

IRESS launches online protection underwriting proposition

IRESS launches online protection underwriting proposition

IRESS has announced added a new protection underwriting capability to its online portal, The Exchange.

16 Nov 2016

Five-year fixes double in popularity amid rate rise speculation

Five-year fixes double in popularity amid rate rise speculation

Almost a quarter (23%) of remortgagors now expect a rate rise in the next year - a 50% increase month-on-month as speculation grows about the rate of inflation and a potential rate rise in the Bank Rate.

16 Nov 2016

Gender gap widening for retirement saving

Gender gap widening for retirement saving

The retirement savings gap between men and women has widened since 2014, with self-employed and part-time women increasingly vulnerable, according to new Scottish Widows research.

16 Nov 2016

Magellan Homeloans appoints Regional Sales Manager

Magellan Homeloans appoints Regional Sales Manager

Magellan Homeloans has appointed Jacqui Simmons as Regional Sales Manager for the South East of England.

15 Nov 2016

Brokers urged to revisit mortgage books as rates fall

Brokers urged to revisit mortgage books as rates fall

With £28bn coming off fixed rates before the end of the year, First Complete and Pink are campaigning for brokers to check their back books and make sure consumers understand their remortgaging options before the end of the year.

15 Nov 2016

Leeds and Coventry launch lowest ever five-year fixes

Leeds and Coventry launch lowest ever five-year fixes

Leeds Building Society and Coventry for Intermediaries have both launched their lowest ever five-year fixed rates.

15 Nov 2016

Aviva calls for 12.5% auto-enrolment contributions

Aviva calls for 12.5% auto-enrolment contributions

Aviva is calling for minimum auto-enrolment pension contributions to rise to 12.5% to "give consumers a better chance of building up an adequate retirement savings pot".

15 Nov 2016

Inflation sees 'surprise fall' to 0.9%

Inflation sees 'surprise fall' to 0.9%

CPI rose by 0.9% in the year to October, compared with a 1.0% rise in the year to September, according to the latest ONS statistics.

15 Nov 2016

Mortgage costs fall to record lows: CML

Mortgage costs fall to record lows: CML

Mortgage costs relative to household income reached a historic low in September for both first-time buyers and home movers, 17.8% and 17.7% respectively, according to CML data.

15 Nov 2016

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