Latest News

Bridging lenders positive about post-election prospects

Bridging lenders positive about post-election prospects

Bridging lenders remain positive about prospects for the sector despite ongoing political uncertainty, according to an ASTL survey.

20 Jul 2017

Scottish Widows launches adviser retirement planning guide

Scottish Widows launches adviser retirement planning guide

Scottish Widows has launched a new guide for advisers who feel their service would benefit from more support when planning retirement income for their clients.

20 Jul 2017

Rise in State Pension age brought forward by seven years

Rise in State Pension age brought forward by seven years

The government has announced that the rise in the pension age to 68 will now happen by 2039 - seven years earlier than initially proposed.

19 Jul 2017

L&G updates Buy to Let Matrix ahead of PRA changes

L&G updates Buy to Let Matrix ahead of PRA changes

Legal & General Mortgage Club has updated its Buy to Let Matrix to include lender positions and lending criteria on buy-to-let portfolios, ahead of the PRA changes which come into effect on 30th September.

19 Jul 2017

Mortgage sales dip 1.2% in June

Mortgage sales dip 1.2% in June

Mortgage sales decreased by £200 million in June, a 1.2% drop on the previous month, according to Equifax Touchstone analysis.

19 Jul 2017

The beginning of the end for ‘free legals’?

The beginning of the end for ‘free legals’?

Online conveyancing portal, SortRefer, has praised Nationwide for its decision to scrap remortgage ‘free legals’ packages across its product range in favour of doubling their cashback offer from £250 to £500.

19 Jul 2017

Mortgage costs fall by further 2% in Q2

Mortgage costs fall by further 2% in Q2

The majority of mainstream mortgages have come down in cost over the past three months, according to Mortgage Brain research.

19 Jul 2017

The Source creates intermediary division in senior shake-up

The Source creates intermediary division in senior shake-up

Source Insurance has appointed two new Directors to its main board amongst a raft of changes at senior level.

19 Jul 2017

MAS debt approach hailed as “breakthrough for lenders and borrowers”

MAS debt approach hailed as “breakthrough for lenders and borrowers”

A new toolkit from the Money Advice Service, which aims to bring consistency to the way creditors work with debt advice agencies when collecting repayments from people who are in debt, has been welcomed by the industry.

19 Jul 2017

Foundation Home Loans expands First Time Landlord range

Foundation Home Loans expands First Time Landlord range

Foundation Home Loans has bolsterd its First Time Landlord range with new five-year fixed rate options starting at 3.59%.

19 Jul 2017

 

Together appoints new national account manager

Together appoints new national account manager

Together has hired Keith Jones as national account manager after opening its products up to broker networks across the UK.

19 Jul 2017

Brilliant Solutions cuts packaging fees across entire range

Brilliant Solutions cuts packaging fees across entire range

Brilliant Solutions has removed all packaging fees across its entire mortgage packaging range following a successful trial with a handful of lenders.

19 Jul 2017

First Direct cuts high-LTV fixed rates

First Direct cuts high-LTV fixed rates

First Direct has cut rates on two and five-year fixed rate mortgages by between 5 and 10bps.

18 Jul 2017

Brightstar partners with new bridging introducer

Brightstar partners with new bridging introducer

Brightstar Financial has partnered with Bridging Loan Hub, a new bridging introducer based in North-West London.

18 Jul 2017

86% of brokers report strong business levels in H1

86% of brokers report strong business levels in H1

86% of brokers have shrugged off political and economic uncertainty to deliver a half year business performance which they rate as either on or above target.

18 Jul 2017

Skipton cuts Help to Buy products by up to 0.69%

Skipton cuts Help to Buy products by up to 0.69%

From tomorrow, Skipton Building Society is cutting rates by up to 0.69% on its Help to Buy range.

18 Jul 2017

Two-thirds of advisers concerned about DB scheme viability

Two-thirds of advisers concerned about DB scheme viability

Client concerns about the future solvency of their Defined Benefit pensions schemes is adding to the demand for transfers into SIPPs, according to Momentum Pensions research.

18 Jul 2017

House prices rise by 0.5% as momentum continues: UK HPI

House prices rise by 0.5% as momentum continues: UK HPI

House prices increased by 0.5% between April and May, with the average UK house price now standing at £220,713, according to the latest UK House Price Index from the ONS and the Land Registry.

18 Jul 2017

Teachers BS launches new Family Mortgage rates

Teachers BS launches new Family Mortgage rates

Teachers Building Society has launched new Family Mortgage options designed to help families support their relatives onto the property ladder.

18 Jul 2017

InterBay launches into residential bridging market

InterBay launches into residential bridging market

InterBay Commercial, part of OneSavings Bank, has launched a residential and commercial bridging range with rates from 0.44%.

18 Jul 2017

Inflation falls unexpectedly to 2.6%

Inflation falls unexpectedly to 2.6%

CPI inflation fell from 2.9% in May to 2.6% in June, according to the latest ONS statistics, which industry experts believe will relieve pressure on the Bank of England to raise interest rates.

18 Jul 2017

Buy-to-let flat fees hit record lows

Buy-to-let flat fees hit record lows

Flat fees for buy-to-let mortgages have hit new lots, falling by more than 5% in Q2 from £1,446 to £1,370, according to Mortgages for Business data.

18 Jul 2017

Trussle proposes new industry standards for mortgage switching

Trussle proposes new industry standards for mortgage switching

Online mortgage broker Trussle says a new set of industry standards should be introduced to the mortgage market to offer consumers more support with switching.

18 Jul 2017

First-time buyers: why the reality is different to the data

First-time buyers: why the reality is different to the data

I have some sympathy for consumers and existing borrowers who are often presented with market information which appears to show an incredibly fertile mortgage landscape, only to come face-to-face with a reality which appears rather different, if not entirely unrecognisable, from what they might have been led to believe.

17 Jul 2017

Most mortgage borrowers prepared for a rate rise: UK Finance

Most mortgage borrowers prepared for a rate rise: UK Finance

Most mortgage borrowers "look well placed to withstand rate increases higher than anything that is likely over the next couple of years", according to new trade body UK Finance.

17 Jul 2017

Masthaven expands mortgage team with three new recruits

Masthaven expands mortgage team with three new recruits

Masthaven has appointed John Smith as National Account Manager for First Charge Mortgages, as well as David Owen and Wes Baker as Business Development Managers.

17 Jul 2017

Furness launches Advance Stage Payment self-build mortgages

Furness launches Advance Stage Payment self-build mortgages

Furness Building Society has launched a new range for self-builders who are looking for an Advance Stage Payment mortgage.

17 Jul 2017

FCA: lenders improving on ensuring customer understanding

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FCA: lenders improving on ensuring customer understanding

An FCA review into customer understanding at retail banks and building societies has praised firms for developing systems and practices to assess customer understanding of particular products.

17 Jul 2017

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