Latest News

AMI urges FCA to address growing product transfer market

AMI urges FCA to address growing product transfer market

The Association of Mortgage Intermediaries has raised concerns about the increase in lenders encouraging straight product transfers at the point of remortgage.

30 Nov 2016

Financial services director banned for eight years

Financial services director banned for eight years

The director of companies which provided financial services and ran a trading room in Chelmsford has been disqualified for 8 years.

30 Nov 2016

Barclays cuts fixed rates by up to 0.50%

Barclays cuts fixed rates by up to 0.50%

Barclays has cut its fixed rate mortgage by up to 0.50% as well as introducing new products with rates from 1.95%.

30 Nov 2016

Economic uncertainty could spark rising mortgage rates: AMI

Economic uncertainty could spark rising mortgage rates: AMI

Mortgage rates may start to rise irrespective of ongoing loose monetary policy, as global political and economic uncertainty puts pressure on long-term interest rates, according to the latest Quarterly Economic Bulletin from the Association of Mortgage Intermediaries.

30 Nov 2016

PRA introduces rolling LTI flow limit for mortgage lenders

PRA introduces rolling LTI flow limit for mortgage lenders

The Prudential Regulation Authority is amending the rules on loan-to-income ratios in mortgage lending to allow firms to accommodate fluctuations and peaks in demand for high LTI mortgages.

30 Nov 2016

Remortgage lending soars 23% to hit eight-year high

Remortgage lending soars 23% to hit eight-year high

Remortgaging bounced back "in spectacular style" from September’s post-Brexit low, according to LMS data.

30 Nov 2016

Accord removes BTL application fees

Accord removes BTL application fees

Accord has scrapped application processing fees on all buy-to-let mortgage applications.

30 Nov 2016

TBMC adds Kensington to panel

TBMC adds Kensington to panel

TBMC has appointed Kensington to its lending panel and will offer all of Kensington’s core range of buy-to-let products, in addition to its newly launched HMO and multi-units proposition.

30 Nov 2016

Approvals show "no signs of falling further": e.surv

Approvals show "no signs of falling further": e.surv

The number of approvals was largely flat between September and October – dropping by 0.7% month-on-month – according to the latest e.surv data.

30 Nov 2016

RBS fails Bank of England stress test

RBS fails Bank of England stress test

Royal Bank of Scotland has failed to meet two key requirements of the Bank of England's stress test, which also revealed capital inadequacies in Barclays and Standard Chartered.

30 Nov 2016

 

Product transfer borrowers face personal liability risk, warns TMA

Product transfer borrowers face personal liability risk, warns TMA

The unreported product transfer market is a "ticking time bomb" for mortgage holders, warns TMA mortgage club, as millions of borrowers are at risk of waiving their right to full personal liability protection if they switch through a product transfer.

30 Nov 2016

Castle Trust to acquire Omni Capital Retail Finance

Castle Trust to acquire Omni Capital Retail Finance

Castle Trust Capital has agreed to acquire 100% of Omni Capital Retail Finance Limited, a retail point of sale finance business, from current owners CPC Group.

29 Nov 2016

Getting out on the road

Getting out on the road

One of the highlights of the last few months has been taking part in the Specialist Lending Roadshows organised by Financial Reporter.

29 Nov 2016

Fee-free mortgages double in 2016

Fee-free mortgages double in 2016

The number of fee-free deals available to those looking for a fixed-rate mortgage has more than doubled over the past year, according to Moneyfacts data.

29 Nov 2016

MPC denies low interest rates are hurting savers

iStock_000009992808Large.jpg

MPC denies low interest rates are hurting savers

External MPC member Gertjan Vlieghe has hit back at arguments that low interest rates hurt savers, because savers hold significant amounts of non-deposit assets, such as property, which benefit from low interest rates and asset purchases.

29 Nov 2016

L&G and Coventry announce general insurance partnership

L&G and Coventry announce general insurance partnership

Legal & General and Coventry Building Society have today announced a five year partnership to offer general insurance products to the Society’s members.

29 Nov 2016

Mortgage approvals rebound to seven-month high: BoE

Mortgage approvals rebound to seven-month high: BoE

Mortgage approvals rose from 62,932 in September to 67,518 in October, according to the latest Bank of England Money and Credit figures.

29 Nov 2016

New financial protection proposals 'biggest in a generation'

New financial protection proposals 'biggest in a generation'

The Payments Strategy Forum - whose members include consumer groups, businesses, fintechs, UK banks and building societies - has recommended a new way of making payments that promises greater financial protection and security for consumers and businesses.

29 Nov 2016

LendInvest cuts minimum loan size to £75,000

LendInvest cuts minimum loan size to £75,000

LendInvest has reduced the minimum loan size across its suite of bridging finance products to £75,000.

29 Nov 2016

Al Rayan Bank launches in Scotland

Al Rayan Bank launches in Scotland

Al Rayan Bank has opened an office in Glasgow to become the first wholly Sharia compliant retail bank in Scotland.

29 Nov 2016

DWP confirms 2.5% triple lock increase

DWP confirms 2.5% triple lock increase

The DWP has confirmed the increase in next year's state pension will be 2.5%, sticking to its pledge despite calling for the abolition of the triple lock earlier this month.

29 Nov 2016

FCA to review rent to own, guarantor and payday loans

FCA to review rent to own, guarantor and payday loans

The FCA has today launched a call for evidence on how the wider high cost credit market is working - including rent to own and guarantor loans - to find out how firms are treating their customers.

29 Nov 2016

The Mortgage Lender adds two distributors to panel

The Mortgage Lender adds two distributors to panel

The Mortgage Lender has added two further distributors to its panel - The Lending Channel and The Right Mortgage Network, increasing its total distribution panel to more than 30.

28 Nov 2016

Autumn Statement – a new look at how pension benefits are drawn

Autumn Statement – a new look at how pension benefits are drawn

In his first (and last) Autumn Statement Philip Hammond, the Chancellor, announced that he intended to reduce the Money Purchase Annual Allowance from £10,000 to £4,000 from April 2017. The Government will be consulting on whether £4,000 conflicts with Auto-Enrolment for those who remain in employment after they first draw their benefits.

28 Nov 2016

Masthaven Bank opens for business

Masthaven Bank opens for business

New challenger bank, Masthaven, launches today, offering a range of savings and lending products with plans to launch into the mortgage market in early 2017.

28 Nov 2016

First-time buyer sales hit record high: NAEA

First-time buyer sales hit record high: NAEA

32% of total sales made were to first-time buyers in October – a 9% rise from September and the highest number since National Association of Estate Agents records began 16 years ago in 2000.

28 Nov 2016

Vida Homeloans partners with e.surv

Vida Homeloans partners with e.surv

e.surv has partnered with Vida Homeloans to become the new mortgage lender's lead valuer and panel manager.

28 Nov 2016

SimplyBiz and Paragon launch secured loans proposition

SimplyBiz and Paragon launch secured loans proposition

SimplyBiz Mortgages has partnered with Paragon Personal Finance to launch a secured loans panel.

28 Nov 2016

Latest Money Careers

Popular this week

Buy-to-let
Roadshow 2017

15th - 23rd November

4 days
7 specialists
4 locations
Free to attend

Click here to register now