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Coventry for Intermediaries loosens affordability criteria

Coventry for Intermediaries loosens affordability criteria

Coventry for Intermediaries has announced changes to its affordability model which it says will increase the borrowing capacity available to many prospective clients.

17 Jun 2016

'Midlife pensions crisis' highlights need for advice

'Midlife pensions crisis' highlights need for advice

People in their early 40s are the most pessimistic in their retirement outlook and are suffering from a "crisis of confidence", according to Just Retirement.

17 Jun 2016

BoE seeks innovation ideas from FinTech firms

BoE seeks innovation ideas from FinTech firms

The Bank of England has announced plans to work in partnership with FinTech firms to tackle the central bank's "unique" challenges.

17 Jun 2016

Average mortgage switcher saves £2,000 a year

Average mortgage switcher saves £2,000 a year

Swapping an existing mortgage to a more competitive product saves the average homeowner over £2,000 a year, according to Legal & General Mortgage Club.

17 Jun 2016

Advisers beat comparison sites for protection purchase

Advisers beat comparison sites for protection purchase

Although comparison websites are the most popular protection research tool (23%), when actually purchasing cover buying from insurers directly (28%), banks and building societies (16%) and brokers and advisers (15%) all beat online sales, which lag behind at 13%.

17 Jun 2016

Dudley BS mortgage lending up 10%

Dudley BS mortgage lending up 10%

Dudley Building Society's pre-tax profit in the year ending April 2016 rose by 8.3% to £1,335,000.

17 Jun 2016

TML appoints key account managers ahead of launch

TML appoints key account managers ahead of launch

The Mortgage Lender, has announced the appointment of three new key account managers as it prepares for launch.

17 Jun 2016

Former OneSavings Bank Chairman joins LendInvest

Former OneSavings Bank Chairman joins LendInvest

Stephan Wilcke, former Executive Chairman of OneSavings Bank, has joined LendInvest as a Senior Adviser.

17 Jun 2016

LV= MD to take up CEO role

LV= MD to take up CEO role

LV= has appointed its MD of Life and Pensions business, Richard Rowney, as Chief Executive.

17 Jun 2016

Nationwide extends new upper age limit to remortgagors

Nationwide extends new upper age limit to remortgagors

Nationwide Building Society's new maximum age for borrowing of 85 will apply to both existing mortgage customers and those remortgaging from other lenders from mid-July.

16 Jun 2016

 

FCA charges five over £2.75m fraud scheme

FCA charges five over £2.75m fraud scheme

Following an investigation by FCA, five individuals have today been charged with conspiracy to defraud at Southwark Crown Court.

16 Jun 2016

Lloyds Bank cuts FTB rates by 0.30%

Mortgages

Lloyds Bank cuts FTB rates by 0.30%

Lloyds Bank has reduced rates on its two-year and five-year 85-90% LTV first-time buyer mortgages by 0.30%.

16 Jun 2016

Together removes maximum age limit for BTL

Together removes maximum age limit for BTL

Together has removed the maximum age limit on its buy-to-let mortgages, where affordability can be satisfied without income from employment.

16 Jun 2016

MPC holds Bank Rate amid Brexit fears

MPC holds Bank Rate amid Brexit fears

The Bank of England's Monetary Policy Committee voted unanimously to maintain Bank Rate at 0.5% in its latest meeting.

16 Jun 2016

Lloyds escapes bond redress costs after Supreme Court win

Lloyds escapes bond redress costs after Supreme Court win

The Supreme Court has ruled that Lloyds Bank can redeem £3.3 billion of Enhanced Capital Notes at face value.

16 Jun 2016

Openwork adds Kent Reliance to panel

Openwork adds Kent Reliance to panel

Openwork has added Kent Reliance to its lender panel, providing its advisers with access to the specialist lender’s buy-to-let and shared ownership mortgages.

16 Jun 2016

New SIPP offers free multi-jurisdictional switching

New SIPP offers free multi-jurisdictional switching

Momentum Pensions has launched its first UK SIPP which offers the option to switch for free within a multi-jurisdictional proposition - a feature which it says is a UK first.

16 Jun 2016

Retentions drive 37% lending rise at Hinckley & Rugby

Retentions drive 37% lending rise at Hinckley & Rugby

Hinckley & Rugby's processed mortgage applications totalled £96 million in H1 - 37% ahead of the same period last year.

16 Jun 2016

Masthaven Bank to launch Development Finance division

Masthaven Bank to launch Development Finance division

Newly authorised Masthaven Bank has appointed James Bloom as Managing Director of its Development Finance Division.

16 Jun 2016

Yorkshire BS CEO to step down

Yorkshire BS CEO to step down

Yorkshire Building Society has announced that Chief Executive Chris Pilling will step down at the end of the year to 'pursue new opportunities'.

16 Jun 2016

Nationwide launches 2.99% ten-year fix

Nationwide launches 2.99% ten-year fix

Nationwide has cut mortgage rates by up to 0.25%, and is now offering a 60% LTV ten-year fixed rate at 2.99%.

16 Jun 2016

Kevin Paterson: The rise of the machines

Kevin Paterson: The rise of the machines

Is the growing adoption of robo-advice the first step to seeing brokers annihilated and artificial intelligence taking over, dominating the world of financial services?

15 Jun 2016

Nationwide joins ABI as associate member

Nationwide joins ABI as associate member

Nationwide Building Society has become the ABI’s latest associate member.

15 Jun 2016

TBMC launches BTL tracker with Axis Bank

TBMC launches BTL tracker with Axis Bank

TBMC has launched a new buy-to-let two year variable rate product with Axis Bank which is available for limited companies, HMOs, expats and student lets.

15 Jun 2016

Protection sales soar to three-year high

Protection sales soar to three-year high

Sales of protection products soared in the first quarter of the year, reaching levels not seen since the Q4 2012, according to Equifax Touchstone.

15 Jun 2016

Newcastle launches 1.99% remortgage exclusive

Newcastle launches 1.99% remortgage exclusive

Newcastle Intermediaries has launched a new two-year fixed rate mortgage, available exclusively for re-mortgaging customers.

15 Jun 2016

BTL lending falls 65% month-on-month

BTL lending falls 65% month-on-month

The stamp duty changes on second properties caused an "expected slowdown" in April's house purchase activity, which experienced a 40% fall month-on-month according to CML figures.

15 Jun 2016

Aldermore launches limited edition 3.25% BTL

Aldermore launches limited edition 3.25% BTL

Aldermore has launched a new limited edition rate on its standard buy-to-let product range.

15 Jun 2016

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