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FCA's McDermott and Aldermore CEO named in Queen’s honours list

FCA's McDermott and Aldermore CEO named in Queen’s honours list

Tracey McDermott, Acting Chief Executive of the FCA, has received a CBE for "services to financial services consumers and markets".

13 Jun 2016

Santander to launch Private Banking proposition

Santander to launch Private Banking proposition

Santander UK has confirmed that it will launch a Private Banking proposition later this year, providing bespoke Private Banking solutions for clients who have £500,000 in savings or investments and/or an annual income of £250,000.

13 Jun 2016

Housing supply falls in over half of UK towns

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Housing supply falls in over half of UK towns

50.4% of UK towns and cities saw property supply fall in May, despite overall supply increasing by 4.8%, according to House Simple.

13 Jun 2016

Remain vote to cause 'surge in property investment'

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Remain vote to cause 'surge in property investment'

The UK property market could benefit from a surge in investment in the second half of this year if the UK votes to stay in the eurozone, according to Kames Capital.

13 Jun 2016

Leeds launches BTL exclusive to LSL

Leeds launches BTL exclusive to LSL

Leeds Building Society has launched a new 2 year 70% LTV buy-to-let fixed rate, available exclusively to the LSL group, including TMA Mortgage Club.

13 Jun 2016

Government urged to make retirement guidance compulsory

Government urged to make retirement guidance compulsory

LV= is calling for the government to make it compulsory for people to take guidance at retirement.

13 Jun 2016

New lenders trigger surge in equity release product choice

New lenders trigger surge in equity release product choice

A record 66 equity release plans are now available to advisers and clients, as new lenders to the market increase competition.

13 Jun 2016

Why we put our money where our mouth is when it comes to intermediary partnerships

Why we put our money where our mouth is when it comes to intermediary partnerships

At Virgin Money, our mortgage business is built around our intermediary partnerships because experience shows that when our intermediary partners’ thrive, so do we.

13 Jun 2016

Clever Lending launches new sourcing system

Clever Lending launches new sourcing system

Clever Lending has launched ‘Clever Sourcing’, its new second charge sourcing system for brokers, in association with Twenty7Tec.

13 Jun 2016

Virgin Money campaign champions use of intermediaries

Virgin Money campaign champions use of intermediaries

Virgin Money is launching a new campaign to promote the benefits of buying a mortgage through an intermediary.

13 Jun 2016

 

Landlord group to take action against trio of lenders

Landlord group to take action against trio of lenders

The Property 118 Action Group are crowdfunding to take action against Skipton, the Bank of Ireland and Manchester Building Society, for making "unlawful" changes to their mortgage terms.

10 Jun 2016

Robots can never replace the human touch

Robots can never replace the human touch

Consumers beware: the robots are coming, and they’ve got regulatory backing. Following the Financial Advice Market Review by the FCA and the Treasury, the former confirmed in April it will be setting up an ‘advice unit’ in the next 12 months to help firms get their automated advice models to market.

10 Jun 2016

Could Brexit dent house prices for ten years?

Could Brexit dent house prices for ten years?

Three in five (61%) of those who think that house prices will decrease if Britain leaves the EU say that it will take five years or more for the value of properties to return to their current levels.

10 Jun 2016

Citizens Advice calls for standard £50 pension exit charge

Citizens Advice calls for standard £50 pension exit charge

Citizens Advice is calling for the introduction of a standard £50 charge to cover pension provider’s administration costs, rather than the 1% cap on pension exit fees proposed by the FCA.

10 Jun 2016

Accord cuts five-year fixed rates

Accord cuts five-year fixed rates

Accord Mortgages has reduced rates by 0.15% on selected five-year fixed rate mortgages.

10 Jun 2016

Protection payouts total £14m a day

Protection payouts total £14m a day

The ABI's protection industry statistics for 2015 show that over £5bn was paid in group and individual protection insurance claims, the equivalent of almost £14m a day.

10 Jun 2016

Teachers BS launches 1.49% HTB rate

Teachers BS launches 1.49% HTB rate

Teachers Building Society has launched a new 1.49% discounted variable rate Help to Buy mortgage.

10 Jun 2016

Al Rayan Bank launches dedicated intermediary site

Al Rayan Bank launches dedicated intermediary site

Al Rayan Bank has announced the launch of a new, mobile friendly, website for mortgage intermediaries, as the Bank seeks to grow the volume of retail assets it services through the intermediary market.

10 Jun 2016

BBA members vote for trade body merger

BBA members vote for trade body merger

Members of the BBA have voted for in favour of a new trade association for financial services firms; incorporating the CML, Payments UK, and the UK Cards Association.

10 Jun 2016

Limited company lending hits record high

Limited company lending hits record high

Buy-to-let tax changes have generated record demand for mortgages via companies in 2016, according to Kent Reliance.

10 Jun 2016

House prices see biggest fall since November 2011

House prices see biggest fall since November 2011

House prices dropped by 0.4% in May – the steepest fall since November 2011, according to e.surv.

10 Jun 2016

Gold pension investors up 26%

Gold pension investors up 26%

The number of people purchasing gold through SIPPs has risen by over a quarter in the last three months.

09 Jun 2016

Brokers divided over MCD's impact on business

Brokers divided over MCD's impact on business

51% of brokers affected by the Mortgage Credit Directive expect more second charge mortgage business to be written as a result of the changes brought in.

09 Jun 2016

Furness BS launches consumer buy-to-let offering

Furness BS launches consumer buy-to-let offering

Furness Building Society has announced that it will now consider all consumer buy-to-let applications and has launched two new dedicated products.

09 Jun 2016

Newcastle launches 1.99% three-year fix

Newcastle launches 1.99% three-year fix

Newcastle Intermediaries has launched a 1.99% three year fixed rate mortgage which it says is currently the lowest on the market.

09 Jun 2016

House prices to drop for first time since 2012

House prices to drop for first time since 2012

UK house prices are expected to experience a short-term drop for the first time since 2012, according to RICS.

09 Jun 2016

Freedom Finance completes first case with UTB

Freedom Finance completes first case with UTB

Freedom Finance has completed its first second charge loan case with United Trust Bank since it joined Freedom's panel in May.

09 Jun 2016

FCA bans two advisers for pension fund misuse

FCA bans two advisers for pension fund misuse

The FCA has banned two advisers from working in the financial services industry "on the basis that they lack integrity" after misusing pension funds.

09 Jun 2016

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