Latest News

Cover Choice launches dedicated broker site

Cover Choice launches dedicated broker site

Protection and PMI specialist Cover Choice has launched a dedicated broker website for regulated firms that prefer to outsource their protection.

30 Jan 2017

Tilney Bestinvest rebrands following Towry merger

Tilney Bestinvest rebrands following Towry merger

Financial planning and investment group Tilney Bestinvest has rebranded as the Tilney Group following the acquisition and integration of Towry which completed in August 2016.

30 Jan 2017

Government reduces Lloyds stake to below 5%

Government reduces Lloyds stake to below 5%

The government has reduced its stake in Lloyds Banking Group to below 5%.

30 Jan 2017

Tracey McDermott to join Standard Chartered

Tracey McDermott to join Standard Chartered

Tracey McDermott, former Acting Chief Executive of the FCA, is set to join Standard Chartered.

30 Jan 2017

Connect launches residential permissions

Connect launches residential permissions

Connect for Intermediaries has expanded its mortgage network proposition to include residential permissions.

30 Jan 2017

In the Spotlight with Darren Pescod, The Mortgage Broker

In the Spotlight with Darren Pescod, The Mortgage Broker

We spoke to Darren Pescod, managing director at The Mortgage Broker, about opportunities and challenges in the mortgage market in 2017.

27 Jan 2017

Crowd bonds and the IFISA: what you need to know

Crowd bonds and the IFISA: what you need to know

Peer-to-peer; crowd bonds; equity crowdfunding; marketplace lending. Welcome to the confusing world of crowdfunding.

27 Jan 2017

Mortgage affordability increases as average incomes drop 8%

Mortgage affordability increases as average incomes drop 8%

More households are now able to borrow to either buy their next property or refinance their existing home as affordability increases, according to data from the Mortgage Advice Bureau.

27 Jan 2017

TSB reveals record new mortgage lending in 2016

TSB reveals record new mortgage lending in 2016

TSB has announced its financial results for the year to 31 December 2016, revealing a record £6.6bn of new mortgage advances through 2016.

27 Jan 2017

Together agrees new £90m credit facility

Together agrees new £90m credit facility

Specialist lender Together has announced today that it has successfully agreed a new facility of £90 million, targeted at funding its bridging finance activity.

27 Jan 2017

 

New survey reveals bullish employment prospects in financial advice

New survey reveals bullish employment prospects in financial advice

According to a new Personal Finance Society (PFS) survey, more than three quarters of financial advice firms are considering taking on additional staff in the next few years.

27 Jan 2017

FCA's Bailey says regulation has not stifled growth

FCA's Bailey says regulation has not stifled growth

FCA chief executive Andrew Bailey has claimed the regulatory response to the financial crisis has not prevented ecnomic growth or competition, in a conference speech given yesterday in Berlin.

27 Jan 2017

Shorter days, darker nights: Making sure clients are protected this winter

Shorter days, darker nights: Making sure clients are protected this winter

According to the Office for National Statistics’ (ONS) 2015 Crime Survey for England and Wales (CSEW) report, there were an estimated 785,000 incidents of domestic burglary in the UK, with each theft netting an average haul of £2,267.

27 Jan 2017

Blacks Connect creates 'sales dream team'

Blacks Connect creates 'sales dream team'

Blacks Connect has bolstered its sales team with three key appointments.

27 Jan 2017

Could 2017 be the year of the underwriter?

Could 2017 be the year of the underwriter?

Secured asset lending platform Borro believes that the example set by lenders which successfully harness the experience of human underwriters to assess cases will see larger lenders of all types step back from a reliance on technology as their primary underwriting resource.

26 Jan 2017

UK economy defies expectations in Q4

UK economy defies expectations in Q4

The UK economy grew more than expected in Q4 2016 despite the Brexit uncertainty, according to estimates from the Office for National Statistics.

26 Jan 2017

Equity release remains one of the best options for interest only mortgage debt

Equity release remains one of the best options for interest only mortgage debt

New research from retirement specialist, Age Partnership, has highlighted that financial advisors are leading the way in outlining the options available to the thousands of people who took out an interest only mortgage over 25 years ago without a repayment vehicle in place.

26 Jan 2017

Employers 'overestimate group income protection by almost 140%'

Employers 'overestimate group income protection by almost 140%'

Employers overestimate the cost of Group Income Protection schemes by nearly 140%, research from Legal & General has revealed today.

26 Jan 2017

Bank of Ireland UK joins Personal Touch panel

Bank of Ireland UK joins Personal Touch panel

Bank of Ireland for Intermediaries has announced it will now offer its mortgage products to Personal Touch Financial Services.

26 Jan 2017

Marsden BS announce new partnership with Equity Release Club

Marsden BS announce new partnership with Equity Release Club

Equity release and later life lending distributor, Equity Release Club, has announced a new relationship with the Marsden Building Society.

26 Jan 2017

VitalityLife launches two new protection products

VitalityLife launches two new protection products

VitalityLife has today announced two innovative new developments for the protection market: Wellness Optimiser and Vitality Nurse.

26 Jan 2017

CML: Gross mortgage lending at 8 year high

CML: Gross mortgage lending at 8 year high

New CML data has shown that gross mortgage lending reached £20.4bn in December 2016, 4% lower than the previous month (£21.2bn) but 4% higher than December 2015 (£19.7bn).

26 Jan 2017

December 2016 borrowing rose - but demand to soften in 2017

December 2016 borrowing rose - but demand to soften in 2017

December figures from the high street banks showed gross mortgage borrowing up 3.6% on the previous December, and yearly mortgage lending up 11.6% to £154bn compared to the figures from 2015.

26 Jan 2017

RBS sets aside further £3.1bn for mortgage mis-selling fines

RBS sets aside further £3.1bn for mortgage mis-selling fines

Royal Bank of Scotland set aside a further 3.1bn provision to cover fines relating to the issuance and underwriting of US residential mortgage-backed securities.

26 Jan 2017

Should employers be able to contribute to LISA?

Should employers be able to contribute to LISA?

True Potential believes that employers must be allowed to pay in to the Lifetime ISA so that employees who prefer the LISA don’t miss out on contributions.

25 Jan 2017

FAMR and ‘Location, Location, Location’

FAMR and ‘Location, Location, Location’

I’ve recently been reflecting on the lack of proposals in the Financial Advice Market Review to increase demand for financial advice. People who should be accessing the financial advice market are not doing so, creating an advice gap. To close this gap, FAMR has produced a number of initiatives including: redefining advice and guidance; encouraging the use of robots; and providing more information through a pension dashboard.

25 Jan 2017

Fleet Mortgages aims to lend £1bn in 2017

Fleet Mortgages aims to lend £1bn in 2017

Fleet Mortgages has recorded over half a billion pounds in lending and a £2m profit for 2016, its second full year of lending.

25 Jan 2017

Savers would choose better returns over extra FSCS protection

Savers would choose better returns over extra FSCS protection

Savers would rather get a better interest rate on their money than benefit from more FSCS protection, according to research from peer-to-peer lending platform RateSetter.

25 Jan 2017

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