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Pension savers losing £2bn in over-charged pots

Pension savers losing £2bn in over-charged pots

Savers could be paying over £2bn in unnecessary pensions management charges each year, as an estimated £180bn of personal pensions are being held in over-charged pots, according to Profile Financial.

16 Sep 2016

Lifetime ISA can be used towards house deposit

Lifetime ISA can be used towards house deposit

The Treasury has confirmed that Lifetime ISA holders can close their account and access all of their savings, without charge, to go towards their deposit at the point of exchange of contracts on their first home.

15 Sep 2016

Lifetime ISA bonus to be paid monthly

Lifetime ISA bonus to be paid monthly

The Treasury has today provided further details on the Lifetime ISA, confirming that from 2018-19 the bonus will be claimed and paid on a monthly basis, rather than deferring until after the end of each tax year.

15 Sep 2016

HTB2 - let's hope success breeds success

HTB2 - let's hope success breeds success

‘Success breeds success’ goes the saying, and perhaps judging by Team GB’s recent performance at the Rio Games, following up on London 2012, then you’d have to say there’s some merit in this.

15 Sep 2016

YBS cuts three and five year fixed rates

YBS cuts three and five year fixed rates

Yorkshire Building Society reduced selected three and five-year fixed rate mortgages by 0.14%.

15 Sep 2016

Bank of England holds bank rate at 0.25%

Bank of England holds bank rate at 0.25%

The Bank of England's Monetary Policy Committee voted unanimously to maintain Bank Rate at 0.25% in its latest meeting.

15 Sep 2016

Former Barclays Wealth exec to fight FCA ban

Former Barclays Wealth exec to fight FCA ban

The FCA is looking to ban the former COO of Barclays Wealth and Investment Management, Andrew Tinney, for covering up an independent report which was 'highly critical' of some of the firm's senior management.

15 Sep 2016

FCA: robo-advice won't prompt rule changes

FCA: robo-advice won't prompt rule changes

The FCA's policy director, David Geale, says that robo-advice won't prompt changes to existing rules, but admitted that providers need further clarity.

15 Sep 2016

Coventry ups maximum age to 85 for BTL

Coventry ups maximum age to 85 for BTL

Coventry Building Society has announced that it is increasing its maximum age at end of term from 75 to 85 for buy-to-let investors.

15 Sep 2016

TFC to offer £1m in free legals through new intermediary club

TFC to offer £1m in free legals through new intermediary club

TFC Homeloans is offering brokers up to £1m in free legals for remortgage clients over a six-month period.

15 Sep 2016

 

LendInvest to support aspiring housebuilders with new initiative

LendInvest to support aspiring housebuilders with new initiative

LendInvest has launched the LendInvest Property Development Academy, a new initiative designed to teach aspiring small-scale developers the skills they need to build more homes.

15 Sep 2016

Brokers predict further 10% growth in second charge market

Brokers predict further 10% growth in second charge market

Brokers expect the value of the second charge loans market to increase by around 10% in the next two years, according to research from V Loans.

15 Sep 2016

TSB cuts high-LTV rates by up to 0.41%

TSB cuts high-LTV rates by up to 0.41%

TSB has reduced rates across a range of fixed and tracker-rate mortgages for homemovers, remortgagors and landlords, as well as increasing the maximum loan available on selected mortgages to £1m.

15 Sep 2016

60% of advisers vote against easier product area access

60% of advisers vote against easier product area access

Almost two-thirds of attendees in a seminar focusing on equity release at this year’s Financial Service Expo (FSE) London agreed that advisers should not have easier access to any product area.

15 Sep 2016

Brexit: Short term pain - long term gain?

Brexit: Short term pain - long term gain?

According to advisers at yesterday’s FSE London exhibition, the decision to leave the EU could bring short-term pain for the UK economy and British business, but ultimately result in a long-term gain.

15 Sep 2016

Skipton launches new 2 year fixed exclusives

Skipton launches new 2 year fixed exclusives

Skipton Intermediaries has announced that it has launched a new suite of intermediary exclusives, offering a selection of two-year fixed rate deals, available for purchase and remortgage.

14 Sep 2016

Over 55s forced to draw £17bn of property equity

Over 55s forced to draw £17bn of property equity

New research from online estate agent, eMoov.co.uk, has found that those in the later stages of life are having to draw equity from their property in order to survive as spiralling costs of homeownership in the UK continue to see many more priced out of the market.

14 Sep 2016

BTL sector will see less of the 'Dinner Party' landlord

BTL sector will see less of the 'Dinner Party' landlord

The changes impacting buy-to-landlords, including an increase in stamp duty for additional homes and the changes to mortgage interest tax relief next year, will mean a move towards more professional and less ‘dinner party’ landlords active in the private rental sector.

14 Sep 2016

Nurturing new talent key to business growth, says MAB

Nurturing new talent key to business growth, says MAB

Business owners have been urged to consider fresh approaches to growing their business by engaging with, and nurturing, new talent.

14 Sep 2016

FCA to launch Mortgage Market Study before end of year

FCA to launch Mortgage Market Study before end of year

The FCA will formally launch its Mortgage Market Study towards the end of 2016 which will focus specifically on the competition issues faced by consumers in today’s marketplace.

14 Sep 2016

Sales surge sees First Complete hit £1bn milestone

Sales surge sees First Complete hit £1bn milestone

First Complete, part of the LSL Property Services Group, has provided cover for customers that totalled over £1.13bn in H1 - a 34% increase on the same period last year.

14 Sep 2016

Brexit impact unlikely to be felt for years, claim industry experts

Brexit impact unlikely to be felt for years, claim industry experts

The UK’s housing and mortgage markets are unlikely to feel the full impact of ‘Brexit’ for a number of years, according to a panel of experts speaking at today’s Financial Services Expo (FSE) London exhibition, taking place at Old Billingsgate.

14 Sep 2016

Is this the worst ever year for annuity income?

Is this the worst ever year for annuity income?

New research ahead of tomorrow's Pensions Awareness Day, has revealed that annuity rates are on track for their biggest ever annual fall.

14 Sep 2016

Retirees lose 20% of lifetime income over pension confusion

Retirees lose 20% of lifetime income over pension confusion

Over 55s urged to shop around and seek advice ahead of Pension Awareness Day 2016.

14 Sep 2016

Borro approved for FCA regulated loans

Borro approved for FCA regulated loans

Secured lender to wealthy clients, Borro, has announced today that it has received permission from the FCA to write regulated Bridging and Consumer Buy to Let loans.

14 Sep 2016

House purchase lending sees 13% drop

House purchase lending sees 13% drop

New data from the Council of Mortgage Lenders, has revealed that purchase lending saw a 13% month on month drop in July. According to the figures, homeowners borrowed £10.6bn for their house purchases, taking out 58,100 loans.

14 Sep 2016

Keystone reduces Classic Range fixed rates

Keystone reduces Classic Range fixed rates

Keystone Property Finance has announced this morning that it has reduced all fixed rates in its Classic Range.

14 Sep 2016

Aldermore announces new limited edition BTL fix

Aldermore announces new limited edition BTL fix

Aldermore has announced today that it has launched a new Limited Edition 5 year Buy-to-Let product aimed at private landlords, for loans up to £1 million.

14 Sep 2016

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