Latest News

Driving equity release towards mainstream success

Driving equity release towards mainstream success

There’s something bubbling underneath the surface of the equity release industry. For at least a year, myself and industry commentators have predicted an upcoming boom for the lifetime mortgage market. But recent progress has been steady rather than booming. Yes, we have seen record numbers of new customers access their housing wealth in the first half of this year. And yes, these customers are releasing record amounts of equity. But, in all honesty, there is still masses of room for more lending and more product innovation.

04 Jul 2016

Ex-Barclays bankers found guilty of Libor-rigging

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Ex-Barclays bankers found guilty of Libor-rigging

Three former Barclays employees have been convicted of rigging Libor rates at Southwark crown court today.

04 Jul 2016

Mortgage Trust announces product refresh

Mortgage Trust announces product refresh

Mortgage Trust has launched a range of 16 new products including two, three and five year fixed rates.

04 Jul 2016

Virgin's mortgage retention platform to pay 0.38% proc fee

Virgin's mortgage retention platform to pay 0.38% proc fee

Virgin Money has today launched its new mortgage retention platform, enabling intermediaries to provide advice to its maturing mortgage customers.

04 Jul 2016

Royal London: rate cut expected in 'next couple of months'

Royal London: rate cut expected in 'next couple of months'

Discussing the possibility of an "imminent cut" in interest rates, Royal London said that while the impact of the Referendum may be insufficient to prompt a rate cut in July, it 'suspects an initial cut in the Bank Rate to 0.25% over the next couple of months'.

04 Jul 2016

One in 10 over-55s still paying interest-only mortgages

One in 10 over-55s still paying interest-only mortgages

Up to one in 10 over-55s are still paying interest-only mortgages, and more than 24,000 have no current plan on how to pay it off.

04 Jul 2016

Advisers urged to utilise Brexit remortgage opportunities

Advisers urged to utilise Brexit remortgage opportunities

Stonebridge Group is urging advisers to focus on post-EU Referendum opportunities, particularly in the remortgage and protection markets.

04 Jul 2016

Hinckley & Rugby offers interest-only across residential range

Hinckley & Rugby offers interest-only across residential range

Hinckley & Rugby Building Society is offering borrowers an interest-only payment option across its range of residential mortgages.

04 Jul 2016

Together appoints retail CEO

Together appoints retail CEO

Together has appointed former CEO of Harrods Bank, Peter Ball, as chief executive of its retail division.

04 Jul 2016

FHL launches new introducer portal

FHL launches new introducer portal

Foundation Home Loans has launched a new portal for introducer partners, which it says is "just the first stage" of its online proposition.

04 Jul 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 its two and five year fixed rate mortgage range.

01 Jul 2016

Osborne abandons 2020 budget surplus plan

Osborne abandons 2020 budget surplus plan

George Osborne has abandoned his target to restore government finances to a surplus by 2020.

01 Jul 2016

Creating certainty in a post-Brexit environment

Creating certainty in a post-Brexit environment

If there’s one word to sum up where we stand right now, both as an industry and as a country, it’s uncertainty. The UK is leaving the European Union but we don’t know when or how. The Prime Minister is stepping down but we don’t yet know who will replace him. The Labour party is in disarray. Regardless of how you voted in the EU Referendum, it’s clear the uncertainty currently being felt by all corners of the country benefits no one and the sooner we have some idea of a strategy for moving forward the better.

01 Jul 2016

Manchester and London brokers trailing on later life advice

Manchester and London brokers trailing on later life advice

74% of brokers either advise or refer customers looking for later life lending and equity release products - described as a "market surge" by Legal & General.

01 Jul 2016

Old Mutual Wealth caps pension exit fees at 1%

Old Mutual Wealth caps pension exit fees at 1%

Old Mutual Wealth is introducing a 1% pension exit fee in Q4 for all customers on older style personal and occupational pension contracts.

01 Jul 2016

Aegon urges government to keep LISA simple

Aegon urges government to keep LISA simple

Aegon says the Brexit outcome makes an even stronger case for keeping the Lifetime ISA simple.

01 Jul 2016

Kent Reliance launches low LTV BTL range

Kent Reliance launches low LTV BTL range

Kent Reliance has launched two-year discount and two-year fixed rates available up to 65% LTV up to loan sizes of £3million.

01 Jul 2016

Court of Appeal issues 'landmark judgement' on negligent valuations

Legal

Court of Appeal issues 'landmark judgement' on negligent valuations

A Court of Appeal judgment in a professional negligence case will have "wide-ranging ramifications across the lending industry", according to law firm Rosling King.

01 Jul 2016

Gilt yields turn negative following Carney speech

Gilt yields turn negative following Carney speech

After Mark Carney revealed yesterday that "some monetary policy easing will likely be required over the summer", gilt yields have fallen below zero for the first time.

01 Jul 2016

Leeds BS strengthens intermediary team

Leeds BS strengthens intermediary team

Lloyds Banking Group's Helen Cawthra has joined Leeds Building Society as Corporate Account Manager.

01 Jul 2016

Carney: rate cut likely over summer

Carney: rate cut likely over summer

Bank of England governor Mark Carney has said that in his view "the economic outlook has deteriorated and some monetary policy easing will likely be required over the summer".

30 Jun 2016

Retirement income planning for those with insufficient pension savings

Retirement income planning for those with insufficient pension savings

Andy Haldane, Chief Economist at the Bank of England, created a stir when in a recent speech he said he did not understand pensions and that from conversations he had with many experts and financial advisers they did not either.

30 Jun 2016

Over half a million open Help to Buy ISA

Over half a million open Help to Buy ISA

Over 500,000 people have opened a Help to Buy ISA since the scheme launched in December.

30 Jun 2016

FCA scraps £200 consumer BTL fee

FCA scraps £200 consumer BTL fee

The FCA has announced that its levy for advisers in 2016/17 will be £73.7m - a 1.6% decrease on previous year.

30 Jun 2016

Lifetime mortgages overtake individual annuities at L&G

Lifetime mortgages overtake individual annuities at L&G

Legal & General Group has reported strong new business sales in its Retirement Division in H1, stating that uncertainties over the EU Referendum have caused "minimal disruption".

30 Jun 2016

Belmont Green partners with ULS ahead of launch

Belmont Green partners with ULS ahead of launch

ULS Technology has signed a five-year agreement with challenger mortgage lender Belmont Green to provide its proprietary conveyancing comparison technology platform, eConveyancer.

30 Jun 2016

TSB launches BTL cashback offer

TSB launches BTL cashback offer

TSB has introduced a £250 cashback offer across all buy-to-let products available directly and through TSB Intermediary.

30 Jun 2016

Tenet extends partnership with Mortgage Brain

Tenet extends partnership with Mortgage Brain

Tenet Group has extended its partnership with Mortgage Brain and is now offering its members access to the Key, Mortgage Brain’s point-of-sale, CRM and compliance system.

30 Jun 2016

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