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Virgin Money cuts resi, HTB and BTL rates

Virgin Money cuts resi, HTB and BTL rates

Virgin Money has reduced rates across its core residential, buy-to-let and Help-to-Buy product ranges.

02 Sep 2016

Accord cuts remortgage rates by 0.15%

Accord cuts remortgage rates by 0.15%

Accord Mortgages has reduced rates for remortgaging customers by up to 0.15%.

02 Sep 2016

Specialist broker doubles staff count to meet growing demand

Specialist broker doubles staff count to meet growing demand

Specialist financial services broker Midlands Asset Finance has doubled its staff count in the past 12 months after seeing continued growth.

01 Sep 2016

Will the Brexit fallout be beneficial for the equity release market?

Will the Brexit fallout be beneficial for the equity release market?

The debate on ‘Brexit’ continues to rage on – as I write this morning Prime Minister, Theresa May, is hosting a ‘Brexit brainstorm’ at Chequers with her cabinet. Perhaps from this we might get an idea about how the UK is to approach leaving the EU and on what terms. We already know that talks with the other EU members won’t happen until next year but again we might hope that a timetable of sorts can be agreed, so the Government can inject a degree of certainty into proceedings.

01 Sep 2016

Only half of providers pass on base rate cut to SVR

Only half of providers pass on base rate cut to SVR

One month on from the reduction to the Bank of England base rate, just under half of providers have failed to pass this cut on to their SVR customers.

01 Sep 2016

Ingard partners with National Counties and Family BS

Ingard partners with National Counties and Family BS

Network and specialist distributor Ingard has added National Counties and the Family Building Society to its panel of lenders.

01 Sep 2016

FCA fines adviser £110k over forged qualifications

FCA fines adviser £110k over forged qualifications

The FCA has banned a mortgage adviser and fined her £109,400 for lying to the regulator about her qualification status.

01 Sep 2016

Newcastle BS launches high-LTV five-year fixes

Newcastle BS launches high-LTV five-year fixes

Newcastle Building Society has launched a new range of five-year fixed rates.

01 Sep 2016

HSBC widens distribution with Pink & First Complete

HSBC widens distribution with Pink & First Complete

HSBC has partnered with First Complete and Pink’s networks as part of its expansion into the intermediary market.

01 Sep 2016

MCD a "positive game changer" for second charge: Fluent

MCD a "positive game changer" for second charge: Fluent

Fluent for Advisers believes that all the available evidence post MCD suggests that regulation has been a "positive game changer" for the second charge sector.

01 Sep 2016

 

Investec cuts mortgage rates by up to 0.6%

Investec cuts mortgage rates by up to 0.6%

Investec Private Banking has cut its mortgage rates by up to 0.6%, as well as reducing lifetime tracker rates by 0.25% following the Bank Base Rate cut.

01 Sep 2016

Connect launches unsecured loan portal

Connect launches unsecured loan portal

Connect for Intermediaries has partnered with DotBroker to provide an unsecured loan service for its members.

01 Sep 2016

Zopa doubles lending but reports £8.9m annual loss

Zopa doubles lending but reports £8.9m annual loss

Peer-to-peer lending platform Zopa doubled lending to £532 million in 2015, but announced a 45% increase in annual losses from £6.1 million in 2014 to £8.9 million.

31 Aug 2016

Poor credit "epidemic" puts millions of aspiring homeowners at risk

Poor credit "epidemic" puts millions of aspiring homeowners at risk

Millions of young adults are risk being unable to get a mortgage by damaging their credit rating before they turn 25, according to Amigo research.

31 Aug 2016

PwC fined £2.3m over subprime lender audits

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PwC fined £2.3m over subprime lender audits

The Financial Reporting Council has fined PricewaterhouseCoopers £2.3m over auditing failures relating to subprime lender Cattles and its subsidiary Welcome Financial Services in 2007.

31 Aug 2016

Savings providers cut rates by up to 1.3% in August

Savings providers cut rates by up to 1.3% in August

August has been the worst month of the year for savings rate cuts following the Bank of England's decision to cut the base rate to 0.25%.

31 Aug 2016

more 2 life cuts lifetime mortgage rate to 4.49%

more 2 life cuts lifetime mortgage rate to 4.49%

more 2 life has further reduced interest rates on its Capital Choice Plan, with a new monthly interest rate of 4.49%.

31 Aug 2016

Robert Peston and FCA to speak at FSE London

Robert Peston and FCA to speak at FSE London

The full seminar programme has today been revealed for FSE London, with the key-note speech being given by ITV’s political editor, journalist Robert Peston.

31 Aug 2016

Sesame and PMS add Pepper Homeloans to panels

Sesame and PMS add Pepper Homeloans to panels

Sesame Network and PMS Mortgage Club have added Pepper Homeloans to their lender panels.

31 Aug 2016

Monthly remortgage lending surges 27% to eight-year high

Monthly remortgage lending surges 27% to eight-year high

Monthly gross remortgage lending has reached its highest level for almost eight years after hitting £7.1bn in July, according to LMS, who attribute the boost to favourable post-Brexit conditions.

31 Aug 2016

Government to introduce Pensions Advice Allowance

Government to introduce Pensions Advice Allowance

The Treasury has confirmed that it will take on board recommendations in the Financial Advice Market Review and introduce a Pensions Advice Allowance which will allow people to take £500 tax free from their DC pension to redeem against the cost of financial advice.

31 Aug 2016

NatWest cuts fixed rates by up to 0.25%

NatWest cuts fixed rates by up to 0.25%

NatWest Intermediary Solutions is today cutting rates across its two, three and five year residential and remortgage fixed rate products.

31 Aug 2016

House price growth recovers with 0.6% rise: Nationwide

House price growth recovers with 0.6% rise: Nationwide

House prices rose by 0.6% in August, taking the annual growth rate in property prices to 5.6% and the average house price to £206,145, according to the latest Nationwide house price index.

31 Aug 2016

Home insurance premiums remain flat as competition increases

Home insurance premiums remain flat as competition increases

Home insurance price rises are beginning to slow, with increased competition limiting annual price rises to just 1.6% and taking average costs to £119.

30 Aug 2016

Leeds BS appoints head of IT Risk from HSBC

Leeds BS appoints head of IT Risk from HSBC

Leeds Building Society has appointed a new lead for its IT Risk and Governance team.

30 Aug 2016

A third of 45-54s say mortgage costs prevent retirement saving

A third of 45-54s say mortgage costs prevent retirement saving

93% of those aged 45 to 54 say they face barriers to saving, or saving more, towards retirement, according to Aegon research.

30 Aug 2016

Number of IP policies increases for first time since 2007

Number of IP policies increases for first time since 2007

The number of individual income protection policies has increased for the first time since 2007, which ABI says "shows promising growth in income protection market".

30 Aug 2016

BoE: mortgage approvals fall to 18-month low

BoE: mortgage approvals fall to 18-month low

The number of mortgage approvals stood at 60,912 in July, lower than June's total of 64,766 and the average of 68,775 over the previous six months, according to the latest Bank of England Money and Credit Report.

30 Aug 2016

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