Latest News

Altmann calls for further pension reform after quitting post

Altmann calls for further pension reform after quitting post

Ros Altmann has been replaced as pensions minister in Theresa May's new government.

18 Jul 2016

Royal London warns of retiree ‘downsizing delusion’

Royal London warns of retiree ‘downsizing delusion’

Up to three million people of working age who are planning to use the value of their home to fund their retirement instead of a pension "could easily see their income halve at retirement", according to Royal London.

16 Jul 2016

Debt management directors disqualified for taking client funds

Debt management directors disqualified for taking client funds

A husband and wife team have been disqualified for a total of 24 years for their conduct as directors of First Step Finance Limited.

15 Jul 2016

In the Spotlight with Matt Andrews, Bluestone Mortgages

In the Spotlight with Matt Andrews, Bluestone Mortgages

We spoke to Matt Andrews, Managing Director of Bluestone Mortgages, about robo-advice and the importance of relationships between brokers and lenders.

15 Jul 2016

The end of the all-encompassing master broker fee model?

The end of the all-encompassing master broker fee model?

The whole post-Referendum fallout clearly has plenty of miles to cover and it seems incredibly difficult at the moment to think about how everything will play out.

15 Jul 2016

Freedom launches mortgage arm with Sensible Home Finance acquisition

Freedom launches mortgage arm with Sensible Home Finance acquisition

Freedom Finance has agreed a deal to acquire Sensible Home Finance which will be rebranded as Freedom Mortgages.

15 Jul 2016

House of Lords call for 50% house building increase

House of Lords call for 50% house building increase

The House of Lords’ Building More Homes report, published this morning, says that "at least 300,000 new homes are needed annually for the foreseeable future", as the Government's target of one million homes by 2020 will not be enough.

15 Jul 2016

BoE Chief Economist: MPC must ease monetary policy next month

BoE Chief Economist: MPC must ease monetary policy next month

The Bank of England's chief economist, Andy Haldane, has said that the MPC should introduce a "package of mutually-complementary monetary policy easing measures" next month in order to protect the economy and jobs from a downturn.

15 Jul 2016

Two thirds of landlords worried about Brexit impact

Two thirds of landlords worried about Brexit impact

65% of landlords are unsure or concerned about a negative impact on the private rental sector post-Referendum, according to a survey by BDRC Continental.

15 Jul 2016

FCA fines and censures director for insider dealing

FCA fines and censures director for insider dealing

The FCA has fined a director £59,557 and publicly censured him for "engaging in market abuse" in the form of insider dealing and improper disclosure.

15 Jul 2016

 

Fleet Mortgages expands BDM team

Fleet Mortgages expands BDM team

Fleet Mortgages has appointed a new Business Development Manager covering the Midlands.

15 Jul 2016

Roma Finance secures post-Brexit funding line from RBS

Roma Finance secures post-Brexit funding line from RBS

Roma Finance has secured a three-year revolving credit facility and securitisation from new client The Royal Bank of Scotland to support its business growth targets.

15 Jul 2016

High-LTV borrowers to see biggest rate cuts

High-LTV borrowers to see biggest rate cuts

First time buyers and high-LTV borrowers are set to benefit the most from reductions in mortgage costs, according to Mortgage Brain.

14 Jul 2016

Standard Life launches DB to DC transfer support

Standard Life launches DB to DC transfer support

Standard Life is launching support to advisers in the Defined Benefit to Defined Contribution transfer space due to the "challenges advisers can face when advising in this area".

14 Jul 2016

Industry says August rate cut "inevitable"

Industry says August rate cut "inevitable"

Following the news that the Bank of England's MPC voted to maintain Bank Rate at 0.5%, the financial services industry says that the Committee has made its intention to cut rates in the near future clear, and widely expects a rate cut of 0.25% next month.

14 Jul 2016

BoE defies expectations to hold bank rate at 0.5%

BoE defies expectations to hold bank rate at 0.5%

Despite economists suggesting an 80% probability of a bank rate cut, the Bank of England’s Monetary Policy Committee has voted to keep the base rate at its current historic low of 0.5%.

14 Jul 2016

FCA cancels 'reckless' payday lender’s interim permission

FCA cancels 'reckless' payday lender’s interim permission

The FCA has cancelled Wage Payment and Payday Loans' interim permission and banned its sole director from performing any role in regulated financial services.

14 Jul 2016

Tesco Bank removes booking fees across range

Tesco Bank removes booking fees across range

Tesco Bank is simplifying the fee structure on its mortgage range by removing all booking fees.

14 Jul 2016

FCA to review retirement product complexity and non-advised sales

FCA to review retirement product complexity and non-advised sales

The FCA has today published the Terms of Reference for its Retirement Outcomes Review which will assess the impact of the pension reforms on competition in the market.

14 Jul 2016

West Brom cuts five-year fixes by up to 0.55%

West Brom cuts five-year fixes by up to 0.55%

West Bromwich Building Society is reducing rates on its five year fixed rate mortgages by up to 0.55%.

14 Jul 2016

Precise to pay 0.25% proc fee for retention deals

Precise to pay 0.25% proc fee for retention deals

Precise Mortgages has launched a retention programme for customers coming to the end of their initial fixed or discount deals which will pay intermediaries a 0.25% procuration fee.

14 Jul 2016

House prices defy Brexit fears with 0.6% rise

House prices defy Brexit fears with 0.6% rise

After three consecutive months of dipping house prices, including a 0.9% drop in May, average prices in England and Wales rose by 0.6% in June, according to the latest LSL house price index.

14 Jul 2016

Brexit sparks housing supply drop in two thirds of towns

Brexit sparks housing supply drop in two thirds of towns

More than two-thirds (68%) of UK towns and cities saw new property listings fall in June, with supply down 13% in London alone, according to HouseSimple.

13 Jul 2016

70% of retirement specialists unthreatened by robo-advice

70% of retirement specialists unthreatened by robo-advice

The majority of retirement advisers do not see the launch of online robo-advice alternatives as a threat to face-to-face advice.

13 Jul 2016

BoE: mortgage demand increased significantly ahead of Referendum

BoE: mortgage demand increased significantly ahead of Referendum

Demand for secured lending for house purchase "increased significantly" in Q2, according to the Bank of England's Credit Conditions Survey.

13 Jul 2016

One in ten anticipate end of state pension

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One in ten anticipate end of state pension

Just a third (32%) of the UK population believe that the state pension will be as generous when they retire. A further third (33%) believe it will still exist, but at a less generous level, while a tenth (10%) of those surveyed thought that there would be no state pension at all.

13 Jul 2016

FCA fines Towergate £2.6m

FCA fines Towergate £2.6m

The FCA has fined Towergate Underwriting Group Limited £2,632,000 and fined its former director for failings in relation to its protection of client and insurer money.

13 Jul 2016

CML: remortgage activity sees 15% monthly drop

CML: remortgage activity sees 15% monthly drop

Remortgage activity totalled £5.2bn in May - a 15% drop on the previous month, according to the latest CML stats.

13 Jul 2016

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