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Financial Reporter roadshows off to a flying start

Financial Reporter roadshows off to a flying start

Financial Reporter kicked off its roadshow series with the Specialist Lending Roadshow this week, with over 400 intermediaries signed up to attend the four-day line-up.

22 Apr 2016

Tyrie "deeply concerned" over banking tax surcharge

Tyrie "deeply concerned" over banking tax surcharge

Andrew Tyrie MP, Chairman of the Treasury Committee, has written to Professor Alasdair Smith, Chair of the CMA's banking investigation panel, to highlight the Committee's concerns about the banking tax surcharge.

22 Apr 2016

Former Positive Solutions CEO joins Caerus adviser firm

Former Positive Solutions CEO joins Caerus adviser firm

Continuum, the adviser firm headed by Martin Brown and part of the Caerus Capital Group, has announced the appointment of Jim Reeve as a non-executive director.

22 Apr 2016

Majority of brokers would vote to stay in the EU

Majority of brokers would vote to stay in the EU

57% of brokers would like the UK to remain part of the European Union, as opposed to 29% that would support an exit, according to MTF research.

22 Apr 2016

Lloyds Bank launches 'hassle-free' mortgage range

Lloyds Bank launches 'hassle-free' mortgage range

Lloyds Bank has launched a new 'hassle free' mortgage offer available to first time buyers, home movers, remortgagors and buy-to-let consumers.

22 Apr 2016

Rob Jupp: The madness that was March

Rob Jupp: The madness that was March

The last nine working days of March were complete lunacy and were a clear result of the Chancellor not thinking through the impact of his decisions.

22 Apr 2016

Consumers shun flexible options for guaranteed income

Consumers shun flexible options for guaranteed income

One year on from the introduction of Pension Freedoms, the gap is closing between consumers' choice of flexible or guaranteed income in retirement.

22 Apr 2016

Twice as many support stamp duty surcharge as oppose

Twice as many support stamp duty surcharge as oppose

When asked whether they support or oppose the new stamp duty surcharge on second homes, more than twice as many people support the policy as oppose it, despite loud opposition from landlord groups.

22 Apr 2016

Kensington adds 3mc to panel

Kensington adds 3mc to panel

3mc has announced the launch of a 90% LTV residential mortgage with no packager fee, marking the mortgage distributor's appointment to Kensington's packager panel.

22 Apr 2016

Quarterly house price growth at 12-year high

Quarterly house price growth at 12-year high

City level house price inflation reached 4.2% in Q1 - the highest rate of quarterly growth for 12 years as demand was boosted by demand ahead of changes to stamp duty.

22 Apr 2016

 

Lloyds axes 625 roles and 21 branches

Lloyds axes 625 roles and 21 branches

Lloyds Banking Group has announced that it is cutting a further 625 jobs and closing 21 branches as part of ongoing cost-saving initiatives.

21 Apr 2016

FCA outlines secondary annuity market rules for brokers

FCA outlines secondary annuity market rules for brokers

The FCA has published its proposed rules and guidance for the secondary annuity market, and confirmed that buyers and brokers in this market will need to be authorised by the FCA.

21 Apr 2016

Masthaven granted retail banking licence

Masthaven granted retail banking licence

Masthaven Bank has been granted its retail banking licence after submitting its application in October.

21 Apr 2016

A third to dedicate majority of ISA allowance to IFISA

A third to dedicate majority of ISA allowance to IFISA

Lending Works has surveyed its lenders and found that 89% of respondents plan to open an Innovative Finance ISA with the platform when the product becomes available.

21 Apr 2016

L&G Mortgage Club posts record £4.7bn completions

L&G Mortgage Club posts record £4.7bn completions

The Legal & General Mortgage Club delivered a record month in March, with completions of £4.7bn, the highest monthly number in the club's 21 year history.

21 Apr 2016

Newcastle launches five-year fixed intermediary range

Newcastle launches five-year fixed intermediary range

Newcastle Building Society Intermediary Services has launched two five-year fixed rate mortgage products to its panel of mortgage brokers.

21 Apr 2016

Aldermore launches its lowest ever two-year fix

Aldermore launches its lowest ever two-year fix

Aldermore has today launched a new limited edition two year-fixed Residential Owner Occupied product.

21 Apr 2016

CML: stamp duty deadline drives 43% lending rise

CML: stamp duty deadline drives 43% lending rise

The Council of Mortgage Lenders estimates that gross mortgage lending reached £25.7 billion in March, driven by a surge to beat the stamp duty surcharge deadline.

21 Apr 2016

Record mortgage lending sees TSB profits surge 53%

Record mortgage lending sees TSB profits surge 53%

TSB has reported a 53% rise in statutory profit before tax to £52.6m which it attributed to record growth in customer deposits and mortgage lending.

21 Apr 2016

Legg Mason to transfer ISA clients to Hargreaves Lansdown

Legg Mason to transfer ISA clients to Hargreaves Lansdown

Legg Mason is to withdraw from offering the Legg Mason ISA and has chosen to work with Hargreaves Lansdown to provide investors with an option to transfer their holdings free of exit charges onto the HL Vantage Platform.

21 Apr 2016

Q1 sees record-breaking equity release lending levels

Q1 sees record-breaking equity release lending levels

Equity release lending grew by 21% in the first quarter of 2016 on a year-on-year basis and recorded the highest Q1 lending levels on record, according to the Equity Release Council.

21 Apr 2016

Can second charge completion times beat remortgaging and bridging?

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Can second charge completion times beat remortgaging and bridging?

The implementation of MCD has led to increased competitiveness, quicker turnaround times and greater protections, according to V Loans.

20 Apr 2016

Evolution Money celebrates #FRAwards win

Evolution Money celebrates #FRAwards win

Evolution Money are celebrating after winnning Best Second Charge Mortgage Lender in the Financial Reporter Awards for the second year running.

20 Apr 2016

MPs given power to veto FCA exec hires

MPs given power to veto FCA exec hires

George Osborne has written to Andrew Tyrie, Chairman of the Treasury Committee, to give the House of Commons the power to decide whether a candidate for Chief Executive of the FCA should be appointed.

20 Apr 2016

300,000 to sell in extended secondary annuity market

300,000 to sell in extended secondary annuity market

The government expects 300,000 people to sell their guaranteed income in exchange for a lump sum when the secondary annuity market launches on 6 April 2017.

20 Apr 2016

Shawbrook launches new digital application process

Shawbrook launches new digital application process

Shawbrook Bank Commercial Mortgages has today announced the launch of a new digital application service - "E-AIP" - for their residential investment products, allowing brokers to produce a hard credit backed IMO online within 15 minutes.

20 Apr 2016

March sees 'unexpected' £1bn drop in BTL sales

March sees 'unexpected' £1bn drop in BTL sales

Buy-to-let mortgage sales fell by 26.2% (-£1.04bn) in March, despite an expected last minute rise ahead of the stamp duty rate increases, according to Equifax Touchstone data.

20 Apr 2016

Paradigm Protect launches Group Risk panel

Paradigm Protect launches Group Risk panel

Paradigm Protect, the specialist Protection and GI distributor within the Paradigm Group, has launched a Group Risk panel for the benefit of its member firms.

20 Apr 2016

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