Latest News

The Mansfield launches 95% LTV three-year fix

The Mansfield launches 95% LTV three-year fix

Mansfield Building Society has launched a 95% LTV three-year fixed rate mortgage at 3.95% aimed at both first and second time home buyers.

28 Sep 2016

FCA to introduce new senior accountability rules

FCA to introduce new senior accountability rules

The FCA plans to introduce further measures to the Senior Managers’ and Certification Regime to "reinforce the importance of individual accountability at the most senior level of organisations".

28 Sep 2016

Dudley BS cuts fixed rates by up to 0.45%

Dudley BS cuts fixed rates by up to 0.45%

Dudley Building Society has announced reductions to its fixed rate residential mortgages for purchase and remortgage by as much as 0.45%.

28 Sep 2016

Tesco Bank launches new fixed-rate range

Tesco Bank launches new fixed-rate range

Tesco Bank has launched a new range of two, three, and five year fixed rate mortgage products for home buyers.

28 Sep 2016

RBS pays $1.1bn to settle mortgage security mis-selling claims

RBS pays $1.1bn to settle mortgage security mis-selling claims

Royal Bank of Scotland has agreed to pay $1.1bn to settle two lawsuits relating to the mis-selling of mortgage-backed securities in the run up to the financial crisis.

28 Sep 2016

BoE's Shafik predicts further easing as economy faces "sizeable shock"

BoE's Shafik predicts further easing as economy faces "sizeable shock"

Minouche Shafik, Deputy Governor for Markets and Banking at the Bank of England, says that “there is no doubt in my mind that the UK is experiencing a sizeable economic shock in the wake of the referendum".

28 Sep 2016

The Cambridge launches 'non-standard' range

The Cambridge launches 'non-standard' range

The Cambridge has launched three new products aimed at supporting the recently self-employed and those with an imperfect credit history.

28 Sep 2016

Post Office launches 2.59% seven-year fix

Post Office launches 2.59% seven-year fix

Post Office Money Mortgages has launched its first ever seven-year fixed rate mortgage at 2.59% up to 75% LTV.

28 Sep 2016

Interest rate cut sparks 45% remortgage rise

Interest rate cut sparks 45% remortgage rise

The number of remortgage loans surged to 36,195 in August - an 8% increase from 33,400 in July and a 45% increase year-on-year to reach its highest level in over seven years, according to LMS.

28 Sep 2016

MAB to launch in Australia

MAB to launch in Australia

Mortgage Advice Bureau has revealed plans to extend its distribution outside the UK with a new joint venture in Australia.

28 Sep 2016

 

Investment fraudster's sentence extended for 20 months

Legal

Investment fraudster's sentence extended for 20 months

The owner of a fraudulent investment scheme has had his prison sentence extended by 603 days for failing to pay the full value of a confiscation order made against him.

27 Sep 2016

Income, spending and debt

Income, spending and debt

In a simple world, during our working lives we receive income as a result of our endeavours, from which we spend and put aside any remaining surplus to save for the future. We take on debt to smooth the strain on our income when large purchases occur, for example, a home improvement.

27 Sep 2016

L&G Retirement on track to double sales in 2016

L&G Retirement on track to double sales in 2016

Legal & General says its Retirement Division is on track to double its new business sales in 2016, with sales now up from £2.9 billion in 2015 to £5.4 billion.

27 Sep 2016

Mortgage Brain and iPipeline announce protection partnership

Mortgage Brain and iPipeline announce protection partnership

iPipeline’s SolutionBuilder and Mortgage Brain’s CRM system have integrated to give advisers instant access to multi-benefit protection quotes.

27 Sep 2016

Bridging firm sees "significant rise" in enquiries post-Referendum

Bridging firm sees "significant rise" in enquiries post-Referendum

First 4 Bridging, the bridging loan master broker and packager, says it has seen a 30-40% increase in broker enquiries on bridging and development finance cases since the result of the EU Referendum.

27 Sep 2016

Pink and First Complete add The Mortgage Lender to panels

Pink and First Complete add The Mortgage Lender to panels

Pink and First Complete networks have added The Mortgage Lender to their panels.

27 Sep 2016

Paradigm adds New Street Mortgages to panel

Paradigm adds New Street Mortgages to panel

Paradigm Mortgage Services has expanded its lender panel with the addition of intermediary lending brand New Street Mortgages.

27 Sep 2016

Limited company BTL could result in double taxation, warns accountant

Limited company BTL could result in double taxation, warns accountant

Nick Cartwright, tax adviser at Smith & Williamson, has warned that putting buy-to-let properties into a limited company to avoid paying higher rates of income tax could instead result in double taxation.

27 Sep 2016

Equity release lending soars 28% to ten-year high

Equity release lending soars 28% to ten-year high

Equity release lending saw annual growth of £198m in H1 2016 to £908m - the highest level seen for over a decade, according to The Equity Release Council.

27 Sep 2016

Standard Life re-opens property fund as sector 'returns to normality'

Standard Life re-opens property fund as sector 'returns to normality'

Standard Life Investments has announced it will re-open its UK Real Estate fund on Monday 17th October 2016.

26 Sep 2016

Making the most of robust first-time buyer demand

Making the most of robust first-time buyer demand

August can often prove to be a notoriously slow month in terms of activity and volume as the UK, and most of Europe, appears to either be on holiday or undertaking child care duties.

26 Sep 2016

Lifetime mortgage product choice soars 63% in twelve months

Lifetime mortgage product choice soars 63% in twelve months

Equity release customers have "never been better served" in terms of choice and interest rates, according to Moneyfacts.

26 Sep 2016

Zoopla partners with Landbay for P2P lending solution

Zoopla partners with Landbay for P2P lending solution

Property website Zoopla has launched a new ‘invest’ channel which offers aspiring property investors the opportunity to gain exposure to the UK property market from as little as £100.

26 Sep 2016

Dragonfly launches deferred interest two-year BTL product

Dragonfly launches deferred interest two-year BTL product

Dragonfly Property Finance has launched a two-year buy-to-let product at 6.99% with an option to defer 2% of the interest payable, creating an effective pay rate of just 4.99%.

26 Sep 2016

Single buyers down 4% as 'tenants in common' gain popularity

Single buyers down 4% as 'tenants in common' gain popularity

The number of homes bought by single purchasers has fallen by an average of 4% over the past five years - the equivalent of around 10,000 transactions a year, according to My Home Move.

26 Sep 2016

The Right Mortgage Club selects Uinsure as preferred GI partner

The Right Mortgage Club selects Uinsure as preferred GI partner

The Right Mortgage Club has selected Uinsure as one of its preferred partners for general insurance to replicate the proposition which is in place for Right Mortgage & Protection Network.

26 Sep 2016

Equifax supports launch of 'ethical' payday lending platform

Equifax supports launch of 'ethical' payday lending platform

Equifax has been appointed by non-profit lender Street UK to support the launch of its online lending platform offering short-term personal loans.

26 Sep 2016

BBA: August mortgage approvals down 21%

BBA: August mortgage approvals down 21%

August's house purchase approval numbers are 21% lower than in August 2015, according to the latest BBA high street banking statistics.

26 Sep 2016

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