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In the Spotlight with Simon Read, Magellan Homeloans

In the Spotlight with Simon Read, Magellan Homeloans

We spoke to Simon Read, Managing Director at Magellan Homeloans, about the strongest opportunities for intermediaries in the current market and the importance of supporting complex prime customers.

11 Nov 2016

Zurich appoints ex Pru-Chief as UK CEO

Zurich appoints ex Pru-Chief as UK CEO

Zurich has announced the appointment of Tulsi Naidu as CEO of its UK business, subject to regulatory approval.

11 Nov 2016

Government announces new £18m housebuilding fund

Government announces new £18m housebuilding fund

Housing Minister Gavin Barwell has announced a new £18 million fund to speed up house building on large sites.

11 Nov 2016

Second charge lending volumes drop 1% year-on-year: FLA

Second charge lending volumes drop 1% year-on-year: FLA

New figures released today by the Finance & Leasing Association show that new second charge mortgage business grew 4% by value in September compared with the same month last year, but fell 1% by volume over the same period.

11 Nov 2016

Berkeley Alexander launches new AXA range for IFAs

Berkeley Alexander launches new AXA range for IFAs

Berkeley Alexander has announced the launch of a new range of intermediary products underwritten by AXA.

11 Nov 2016

JP Morgan Chief says long Brexit transition vital for banks

JP Morgan Chief says long Brexit transition vital for banks

The chairman and chief executive of JP Morgan has warned ‎Philip Hammond that a long transition period from Europe is essential for major international banks.

11 Nov 2016

British Friendly appoints new CEO

British Friendly appoints new CEO

British Friendly’s Distribution and Marketing Director Iain Clark has been announced as the friendly society’s new CEO, subject to regulatory approval.

11 Nov 2016

ONS to adopt CPIH as inflation measure by March 2017

ONS to adopt CPIH as inflation measure by March 2017

The ONS has confirmed that it will make CPIH its preferred measure of consumer price inflation by March 2017.

10 Nov 2016

Equifinance sees 65% post-MCD lending rise

Equifinance sees 65% post-MCD lending rise

Equifinance has attributed a surge in lending volumes to a "thriving seconds market" following the implementation of the Mortgage Credit Directive.

10 Nov 2016

Second-charge mortgage repossessions drop 36% in Q3

Second-charge mortgage repossessions drop 36% in Q3

The number of second-charge mortgage repossessions in Q3 2016 was 36, down 35.7% on the same quarter in 2015, according to figures from the Finance & Leasing Association.

10 Nov 2016

 

Brokers confident in post-Brexit market conditions

Brokers confident in post-Brexit market conditions

The majority of brokers are reporting stable market conditions in the aftermath of the Referendum, according to MTF research.

10 Nov 2016

Sesame and PMS add OneFamily to panels

Sesame and PMS add OneFamily to panels

Sesame and PMS have added OneFamily to their lender panels, making their range of lifetime mortgages available to members of the Sesame Network and PMS Mortgage Club.

10 Nov 2016

Aldermore sees 24% rise in new mortgage lending

Aldermore sees 24% rise in new mortgage lending

Aldermore has reported a 24% rise in new mortgage lending to £1.5bn.

10 Nov 2016

Mortgage industry urges government to prioritise housing policy

Mortgage industry urges government to prioritise housing policy

Constant ministerial reshuffles are negatively impacting Government housing policy, according to the latest member survey from IMLA, which urges Theresa May’s new Conservative administration to back private housebuilding, social housing and shared ownership in the upcoming Autumn Statement.

10 Nov 2016

House prices to see "very limited growth" in coming months: RICS

House prices to see "very limited growth" in coming months: RICS

Expectations for house price growth increased slightly in October but still point to "very limited growth over the months to come", according to the latest RICS Residential Market Survey.

10 Nov 2016

Brightstar launches into unsecured lending

Brightstar launches into unsecured lending

Brightstar has partnered with DotBroker to provide its intermediaries with exclusive access to a range of unsecured loan products offering up to 6% commission, available from 15th November.

10 Nov 2016

PTFS adopts AIR Sourcing retirement tool

PTFS adopts AIR Sourcing retirement tool

AIR Sourcing, the sourcing system for equity release and retirement lending products, has partnered with Personal Touch Financial Services.

09 Nov 2016

Roma Finance appoints three new BDMs

Roma Finance appoints three new BDMs

Roma Finance has appointed three new BDMs to further build introducer relationships across the country.

09 Nov 2016

Newcastle Intermediaries cuts FTB rates by up to 0.70%

Newcastle Intermediaries cuts FTB rates by up to 0.70%

Newcastle Intermediaries has reduced rates by as much as 0.70% across its first time buyer mortgage range.

09 Nov 2016

What impact will Trump have on UK financial services?

What impact will Trump have on UK financial services?

Financial markets reacted sharply to the US election result this morning, with the US dollar falling and market expectations of a Federal interest rate hike in December scaled back.

09 Nov 2016

BoE: financial services growth expectations 'particularly negative'

BoE: financial services growth expectations 'particularly negative'

Bank of England research shows that while business sentiment had started to recover from its post-referendum fall, it remains "relatively fragile alongside significant uncertainty around the longer-term outlook".

09 Nov 2016

‘Robo advice’ – what does it really mean?

‘Robo advice’ – what does it really mean?

The term 'robo advice' has been much in the news recently, but what does it really mean? Personally, I'm not a fan of the term 'robo advice.' It gives a sinister and dystopian feel to something that in reality is far from a new concept, and at this stage, does nothing more than enable clients to educate themselves using interactive tools to a point where they feel the need for advice.

09 Nov 2016

Keystone appoints Paul Rockett to BDM team

Keystone appoints Paul Rockett to BDM team

Keystone has appointed Paul Rockett to its business development team to look after brokers operating in the South West, South and Mid-Wales.

09 Nov 2016

Low rates spark 17% rise in remortgage valuations

Low rates spark 17% rise in remortgage valuations

Remortgagors are taking full advantage of record low interest rates and the cut to the Bank Rate, according to research from Connells Survey and Valuation.

09 Nov 2016

MPs call for review into Northern Rock asset sale

MPs call for review into Northern Rock asset sale

The Committee of Public Accounts is calling for the Treasury to conduct a review into the sale of former Northern Rock assets after identifying areas for improvement, “particularly during the preparation phase”.

09 Nov 2016

V Loans announces closure of business

V Loans announces closure of business

Second charge master broker firm V Loans has announced its withdrawal from the second charge and bridging markets.

08 Nov 2016

LV= plans to stop selling enhanced annuities

LV= plans to stop selling enhanced annuities

LV= is consulting with its employees on proposals to stop selling enhanced annuities and increase its focus on its secure drawdown options as well as its wider Retirement Solutions business.

08 Nov 2016

Nationwide launches five-year trackers from 1.89%

Nationwide launches five-year trackers from 1.89%

From tomorrow, Nationwide is launching new five-year tracker mortgage products.

08 Nov 2016

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