Latest News

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

Next Intelligence adds Magellan Homeloans to panel

Next Intelligence adds Magellan Homeloans to panel

Magellan Homeloans has been added to the lending panel of Next Intelligence mortgage club.

08 Nov 2016

The Mortgage Lender expands broker-facing teams

The Mortgage Lender expands broker-facing teams

The Mortgage Lender has made several new appointments in its broker-facing teams.

08 Nov 2016

Aldermore Chairman Glyn Jones to step down

Aldermore Chairman Glyn Jones to step down

Aldermore has confirmed that Glyn Jones has resigned as Non-Executive Chairman and Director of the Company, which will take effect from 6 February 2017.

08 Nov 2016

Vida Homeloans adds nine new packagers to panel

Vida Homeloans adds nine new packagers to panel

Vida Homeloans is expanding the panel of packaging partners distributing its range of residential and buy-to-let mortgages.

08 Nov 2016

New Bank of England rules to end "too big to fail"

New Bank of England rules to end "too big to fail"

The Bank of England has announced new rules designed to make it easier to manage the failure of banks and building societies, as part of wider reforms to end taxpayer bailouts in the UK.

08 Nov 2016

Legal & General launches Insurance division

Legal & General launches Insurance division

Legal & General Group has announced the formation of a new division: Legal & General Insurance, under the leadership of Bernie Hickman.

08 Nov 2016

Virgin Money launches new intermediary exclusives from 1.32%

Virgin Money launches new intermediary exclusives from 1.32%

Virgin Money has launched new intermediary exclusive two-year fixed rates for a limited period, as well as making rate reductions on selected two and five-year fixed rate Help to Buy Equity Loan products.

08 Nov 2016

 

TSB launches record low five-year fixed remortgage at 1.89%

TSB launches record low five-year fixed remortgage at 1.89%

TSB has launched its best ever five-year fixed rate for remortgaging at 1.89% up to 60% LTV.

08 Nov 2016

Government appoints Virgin Money CEO as Women in Finance Champion

Government appoints Virgin Money CEO as Women in Finance Champion

The government has appointed Jayne-Anne Gadhia, CEO of Virgin Money, as the official Women in Finance Champion to promote the benefits of a diverse workforce across the UK financial services sector.

08 Nov 2016

Second charge lending defies Brexit fears with 6% rise

Second charge lending defies Brexit fears with 6% rise

The second charge market "has taken post-Brexit uncertainty in its stride", with new business volumes in the traditionally quieter August matching July and 6% higher than the same time last year, according to Enterprise Finance research.

08 Nov 2016

London & Country prepares for 2018 IPO

London & Country prepares for 2018 IPO

London & Country Mortgages is preparing for an initial public offering by December 2018, and is seeking a pre-IPO investor for a minority stake in the company to support its growth initiatives.

07 Nov 2016

Six new firms sign up to Pensions Dashboard prototype

Six new firms sign up to Pensions Dashboard prototype

In addition to the eleven companies named at the launch in September, a further six have now signed up to the Pensions Dashboard project, the ABI has announced.

07 Nov 2016

AMI elects two deputy Chairmen as Stephen Smith steps down

AMI elects two deputy Chairmen as Stephen Smith steps down

The AMI has announced a number of changes to its Board, including the election of two new Deputy Chairmen - David Copland and Martin Reynolds.

07 Nov 2016

FCA unveils successful sandbox firms

FCA unveils successful sandbox firms

The FCA has marked the second anniversary of Project Innovate by announcing the firms that were successful in their applications to begin testing in the first cohort of the regulatory sandbox.

07 Nov 2016

Number of 90% LTV products at eight-year high

Number of 90% LTV products at eight-year high

The number of 90% and 95% LTV products have seen a "significant boost" in numbers over the past month, after falling slightly following the Referendum result.

07 Nov 2016

Tenet launches direct to lender second charge panel

Tenet launches direct to lender second charge panel

Tenet has today launched a direct to lender second charge panel, with five initial lenders including Masthaven Secured Loans, Precise Mortgages, Paragon Personal Finance, Shawbrook Bank and Step One Finance.

07 Nov 2016

Downsizers turning to equity release as prices rise

Downsizers turning to equity release as prices rise

Older homeowners have unrealistic expectations about how much money they will raise from downsizing as a lack of suitable homes drives up prices, according to Key Partnerships research.

07 Nov 2016

Advisers back FCA's equity release qualification changes

Advisers back FCA's equity release qualification changes

67% of advisers welcome the FCA’s plans to introduce a new standalone equity release qualification, according to more 2 life research.

07 Nov 2016

DWP calls for abolition of state pension triple lock

DWP calls for abolition of state pension triple lock

The DWP committee enquiry has called for the scrapping of the state pension triple lock and proposes replacing it in 2020 with an earnings link combined with an inflation-proofing underpin.

07 Nov 2016

HSBC Q3 profits fall 86%

HSBC Q3 profits fall 86%

HSBC has reported an 86% fall in third quarter profits to $843 million.

07 Nov 2016

Annual house price growth falls to three year low: Halifax

Annual house price growth falls to three year low: Halifax

House prices in the three months to October were 5.2% higher than in the same three months a year earlier, continuing the downward trend seen over the past six months after the annual rate reached 10.0% in March, according to the latest Halifax house price index.

07 Nov 2016

Million pound house sales up 12%

Million pound house sales up 12%

The number of million pound house sales rose 12% in the first half of 2016 compared to H1 2015, according to research by Lloyds Bank.

05 Nov 2016

In the Spotlight with Stuart Wilson, more 2 life

In the Spotlight with Stuart Wilson, more 2 life

We spoke to Stuart Wilson, Marketing Director at more 2 life, about the issues facing retirees in the current economic environment and the future of the equity release market.

04 Nov 2016

The housing market - underperforming or a return to health?

The housing market - underperforming or a return to health?

Weighing up the state of the housing market at any particular time is difficult given the range of statistics that are continually bandied about. Today’s underperforming and underwhelming appraisal of activity might be tomorrow’s strengthening and developing ‘return to health’ depending on which organisation’s statistics you read, and which you believe.

04 Nov 2016

Will rising inflation expose a shortage of valuation surveyors?

Will rising inflation expose a shortage of valuation surveyors?

There are too few valuation surveyors to deal with the greater demand for their services that will follow a rise in interest rates sparked by Brexit, warns EDM Mortgage Support Services.

04 Nov 2016

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