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Nicky Morgan warns of post-Brexit 'cliff edge' for expat pensions

Nicky Morgan warns of post-Brexit 'cliff edge' for expat pensions

Nicky Morgan MP, Chair of the Treasury Committee, has written to Philip Hammond about the treatment of cross-border pensions and insurance contracts written prior to Brexit.

18 Sep 2017

In the Spotlight with Mark Stephen, Reditum Capital

In the Spotlight with Mark Stephen, Reditum Capital

We spoke to Mark Stephen, founder of Reditum Capital, about the reasons behind the bridging boom and how affordability continues to affect the UK mortgage market.

15 Sep 2017

How far does your firm look ahead?

How far does your firm look ahead?

Let’s be honest about this – is the mortgage advisory profession the most forward-thinking? Not in terms of us looking at the future for our clients, because we certainly believe we’re professional and proficient at this, but in terms of our own businesses and our own preparedness for what might be coming over the horizon.

15 Sep 2017

Barclays launches lowest ever two-year fix

Barclays launches lowest ever two-year fix

Barclays has launched its lowest ever two-year fixed rate at 1.09% up to 60% LTV with a £999 product fee.

15 Sep 2017

Leeds launches broker support for portfolio BTL

Leeds launches broker support for portfolio BTL

Leeds Building Society has announced details of how it will be supporting brokers to comply with the new rules around portfolio landlords.

15 Sep 2017

Rate rise is approaching, says BoE's Vlieghe

Rate rise is approaching, says BoE's Vlieghe

Bank of England MPC member, Gertjan Vlieghe, has said that "we are approaching the moment when Bank Rate may need to rise".

15 Sep 2017

FHL raises maximum BTL loan size to £1 million

FHL raises maximum BTL loan size to £1 million

Foundation Home Loans is increasing the maximum loan size across its buy-to-let range in response to increasing demand.

15 Sep 2017

Bank of Mum and Dad most lenient lender as majority write off loans

Bank of Mum and Dad most lenient lender as majority write off loans

The Bank of Mum and Dad is potentially the UK’s most lenient lender as its relaxed approach means it ends up writing off huge numbers of loans each year, according to Prudential research.

15 Sep 2017

92% unaware of Pensions Dashboard

92% unaware of Pensions Dashboard

92% of people have not heard of the Government-backed Pensions Dashboard, and over a quarter wrongly think it will provide them with financial advice, according to YouGov research commissioned by evestor.

15 Sep 2017

FCA refuses government request to publish leaked RBS report

FCA refuses government request to publish leaked RBS report

The FCA has denied a Treasury Committee request to publish a leaked report into the treatment of customers in RBS’s Global Restructuring Group.

15 Sep 2017

 

Average moving costs jump to over £11,500

Average moving costs jump to over £11,500

The average cost of moving home in the UK has increased by £628 over the past year to £11,624, according to research from Lloyds Bank.

15 Sep 2017

Freedom Finance launches rate rise awareness campaign

Freedom Finance launches rate rise awareness campaign

Freedom Finance is urging UK families to review their finances after finding that an interest rate rise could add around £750 to the average annual mortgage bill.

14 Sep 2017

"Corrected" housing market is ripe for a new breed of boom

"Corrected" housing market is ripe for a new breed of boom

House prices. They’re consistently one of the biggest talking points in the UK and one of the areas that spark the most confusion. According to Paul Cheshire, professor of Economic Geography at the LSE, Britain is on the verge of a “significant correction in house prices” that could reduce values by up to 40% and plunge many new buyers into negative equity- a return to the ‘bad old days’ of the 1990s price crash. Meanwhile recent figures from the National Association of Estate Agents have revealed that more than three quarters of houses were sold for less than the asking price in May- a rise of 5% on equivalent sales for the previous month. What’s more, Nationwide reported in June that prices had fallen for the third month in a row- the first time such a consecutive fall had happened since the financial crisis. So, what is causing the house prices to stall (or worse) and what can brokers do to mitigate and prepare for such an eventuality?

14 Sep 2017

Winners of the inaugural National Mortgage Adviser Awards announced

Winners of the inaugural National Mortgage Adviser Awards announced

The winners of the inaugural National Mortgage Adviser Awards, in association with Mortgage Advice Bureau, were announced yesterday at FSE London.

14 Sep 2017

FCA refers pension consultants to CMA in landmark decison

FCA refers pension consultants to CMA in landmark decison

The FCA has recommended that the Competition and Markets Authority launch an investigation into investment consultanty services after raising "serious concerns" about whether trustees are getting good quality advice.

14 Sep 2017

Bank of England's MPC votes 7-2 to maintain Bank Rate

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Bank of England's MPC votes 7-2 to maintain Bank Rate

The Bank of England’s Monetary Policy Committee has voted by a majority of 7-2 to maintain Bank Rate at 0.25%.

14 Sep 2017

Kensington and New Street announce BTL portfolio changes

Kensington and New Street announce BTL portfolio changes

The Northview Group has today announced changes to its portfolio buy-to-let lending criteria for both Kensington and New Street Mortgages.

14 Sep 2017

Housing market shows 'increasingly mixed picture': RICS

Housing market shows 'increasingly mixed picture': RICS

There is an "increasingly mixed picture across the UK housing market", according to the latest RICS Residential Market Survey.

14 Sep 2017

More grandparents than parents helping first-time buyers

More grandparents than parents helping first-time buyers

More grandparents than parents are helping first-time buyers make their first move on to the housing ladder, Key Partnerships research shows.

14 Sep 2017

Bridging market returning to post-referendum levels

Bridging market returning to post-referendum levels

Annual bridging lending grew for the third consecutive quarter to reach £4.3bn in June - a 4.2% increase from June 2016’s figures and approaching 2016’s pre-EU Referendum high of £4.4bn, according to West One research.

14 Sep 2017

HMRC given new powers to combat pension scams

HMRC given new powers to combat pension scams

HMRC has been given new powers to refuse to register and to de-register pension schemes.

14 Sep 2017

FSE London: Intermediaries warned to ignore artificial intelligence at their peril

FSE London: Intermediaries warned to ignore artificial intelligence at their peril

The intermediary market has been urged to embrace the importance of data and artificial intelligence (AI), and to ignore technological advances at their peril.

13 Sep 2017

FSE London: Advisers wary over new FCA senior manager and certification regime

FSE London: Advisers wary over new FCA senior manager and certification regime

Advisers at today’s Financial Services Expo (FSE) London, the premier exhibition for the financial services industry in London & the South East, voiced concern to the FCA that its new ‘Accountability 2’ senior manager and certification regime could mean the end of individual approved persons featuring on the FCA register.

13 Sep 2017

FSE London: BTL market to be a 'car crash' after PRA changes

FSE London: BTL market to be a 'car crash' after PRA changes

The future of the buy-to-let market has been described as a ‘car crash’ once PRA underwriting changes have been implemented at the end of September.

13 Sep 2017

FSE London: FCA proposals welcomed by later life lending experts

FSE London: FCA proposals welcomed by later life lending experts

Later life lending experts, speaking at today’s Financial Services Expo (FSE) London exhibition, have welcomed FCA proposals to change the rules around interest-only lending to allow repayment to come from the sale of property as an exit route.

13 Sep 2017

FSE London: BTL market resilient but 'topped out'

FSE London: BTL market resilient but 'topped out'

According to David Whittaker of Mortgages for Business, figures for gross mortgage lending last year for the buy-to-let market are likely to be the top level we will see for some time.

13 Sep 2017

New data reveals glimmer of hope for FTBs

New data reveals glimmer of hope for FTBs

According to new data published by specialist bank, Aldermore, the outlook for first time buyers is slowly becoming more positive with 35% now believing that it is extremely difficult to get on the property ladder – down four percent from 39% in 2016.

13 Sep 2017

Magellan announce new Regional Sales Manager

Magellan announce new Regional Sales Manager

Specialist mortgage lender, Magellan Homeloans has announced that its support to intermediaries has been further strengthened with the appointment of Louise Apollonio as Regional Sales Manager for the North West region.

13 Sep 2017

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