Latest News

Precise enters Right to Buy market

Precise enters Right to Buy market

Precise Mortgages has launched a new range of products for tenants using the Right to Buy scheme to purchase their existing home.

05 Oct 2016

Interest-only borrowers face £6.1bn repayment shortfall

Interest-only borrowers face £6.1bn repayment shortfall

27% of all interest-only mortgage holders may not be able to pay back their loan, with the expected average unsettled debt estimated to be £21,000, according to research from OneFamily.

05 Oct 2016

SortRefer launches auto-enrolment solution for brokers

SortRefer launches auto-enrolment solution for brokers

SortRefer has launched a new facility for intermediaries, allowing them to access auto enrolment services for their corporate clients or their own businesses, provided by specialist workplace pension provider, Johnson Fleming.

05 Oct 2016

LMS extends partnership with Ipswich BS

LMS extends partnership with Ipswich BS

LMS has expanded its partnership with Ipswich Building Society by providing its general panel management service, Panel Link, to the Society.

05 Oct 2016

Pepper launches five-year fixed rate adverse credit range

Pepper launches five-year fixed rate adverse credit range

Pepper Homeloans has launched a range of five-year residential fixed rates for borrowers who have previous blips on their credit rating within the last two years.

05 Oct 2016

First Direct cuts two and five year fixed rates

First Direct cuts two and five year fixed rates

First Direct has cut rates across selected two and five year fixed rate mortgages.

04 Oct 2016

IMF cuts UK growth forecasts due to Brexit impact

IMF cuts UK growth forecasts due to Brexit impact

The International Monetary Fund has downgraded its forecasts for UK growth in 2016 and 2017, believing that "uncertainty following the Brexit vote in June will take a toll on the confidence of investors".

04 Oct 2016

Rock-bottom savings rates boost offset mortgage appeal

Rock-bottom savings rates boost offset mortgage appeal

Offset mortgages could be "particularly beneficial at present" as borrowers with a separate mortgage and savings account are faced with rock-bottom savings rates and the average fixed-rate offset mortgage falls to 2.30% from 2.60% in October 2015.

04 Oct 2016

FCA urged to make secondary annuity guidance compulsory

FCA urged to make secondary annuity guidance compulsory

The Personal Finance Society has used its submission to an FCA consultation paper to renew calls for Pension Wise guidance sessions to be made compulsory for consumers planning to sell their annuities.

04 Oct 2016

Spending - the hidden retirement income risk

Spending - the hidden retirement income risk

The three main risks that need to be considered when constructing a retirement income strategy are: investment risks, longevity and inflation. However I believe there is a further risk which does not receive the attention it deserves, namely spending.

04 Oct 2016

 

Property supply rebounds with 10.4% monthly rise

Property supply rebounds with 10.4% monthly rise

UK property supply jumped 10.4% after the summer lull, dispelling fears that homeowners would be "scared into a Brexit-induced selling paralysis", according to HouseSimple.

04 Oct 2016

Mortgage Intelligence adds Mansfield BS to panel

Mortgage Intelligence adds Mansfield BS to panel

Mansfield Building Society has been added to the Mortgage Intelligence panel of lenders.

04 Oct 2016

Virgin Money cuts residential and BTL rates by up to 0.60%

Virgin Money cuts residential and BTL rates by up to 0.60%

Virgin Money has announced a number of rate reductions on its residential and buy-to-let products.

04 Oct 2016

Young savers forfeiting employer contributions for Lifetime ISA

Young savers forfeiting employer contributions for Lifetime ISA

More than a third of younger employees would prefer to save into a Lifetime ISA than a pension, even if it means they would be giving up a potentially valuable contribution from their employer.

04 Oct 2016

One in eight self-employed borrowers rejected for mortgages

One in eight self-employed borrowers rejected for mortgages

12% of self-employed customers are still being rejected for mortgages, despite often earning more than in their previous full-time employed job, according to Nottingham Building Society research.

04 Oct 2016

Leeds BS cuts ten-year fix to 2.55%

Leeds BS cuts ten-year fix to 2.55%

Leeds Building Society has cut the rate on its 65% LTV ten-year fixed rate mortgage to 2.55%, as well as launching a new ten-year fix at 2.75% with tapered ERCs for the first five years and no ERCs for the remainder of the term.

03 Oct 2016

Yorkshire BS launches discounted SVR range

Yorkshire BS launches discounted SVR range

Yorkshire Building Society has launched two new discounted standard variable rate mortgages.

03 Oct 2016

Government announces £5bn housebuilding fund

Government announces £5bn housebuilding fund

Sajid Javid, Secretary of State for Communities and Local Government, has today announced a new package of measures to increase housebuilding, including a £3 billion Home Builders’ Fund and £2 billion of new investment for accelerated construction on public land.

03 Oct 2016

Accord removes mortgage application fees

Accord removes mortgage application fees

Accord Mortgages has removed its upfront mortgage application processing fee.

03 Oct 2016

Leeds increases maximum term for lending into retirement

Leeds increases maximum term for lending into retirement

Leeds Building Society is improving criteria for lending into retirement by increasing the maximum term from 25 years up to 40 where the customer is borrowing past their stated retirement age.

03 Oct 2016

Mifid call recording rules likely to be extended to all advice

Mifid call recording rules likely to be extended to all advice

The recent announcement that Mifid will require all investment advice that is provided over the phone to be recorded will be replicated elsewhere in financial advice, including mortgage, pension and protection, predicts LifeQuote.

03 Oct 2016

Royal London updates critical illness cover

Royal London updates critical illness cover

Royal London has announced a number of enhancements to its critical illness cover.

03 Oct 2016

The Mortgage Lender increases proc fees by £300

The Mortgage Lender increases proc fees by £300

The Mortgage Lender is increasing procuration fees by £300 for applications received from its distribution partners before the 31 December that subsequently complete.

03 Oct 2016

Former Tesco Bank head joins Vantage as sales director

Former Tesco Bank head joins Vantage as sales director

Vantage Finance has appointed Tesco Bank’s Jon Daniels as sales director.

03 Oct 2016

Majority say councils should refer care advice to IFAs

Majority say councils should refer care advice to IFAs

A growing number of over-45s believe it would be helpful for local councils to refer people seeking information and advice on how to pay for care to independent financial advisers.

03 Oct 2016

Tyrie welcomes end of Help to Buy

Tyrie welcomes end of Help to Buy

Andrew Tyrie MP, Chairman of the Treasury Committee, has welcomed the end of the Help to Buy: mortgage guarantee scheme, claiming that it "will not be missed".

03 Oct 2016

Brightstar launches high net worth division

Brightstar launches high net worth division

Brightstar Financial has announced the launch of Sirius Private Clients, a new division that will focus on financing for high net worth residential and commercial real estate transactions.

03 Oct 2016

In the Spotlight with David Copland, TMA Mortgage Club

In the Spotlight with David Copland, TMA Mortgage Club

We spoke to David Copland, Director of TMA Mortgage Club, about the rise in tracker mortgage popularity and a 'chronic shortage' of housing.

30 Sep 2016

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