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NatWest & RBS to scrap Ex Pat mortgages

NatWest & RBS to scrap Ex Pat mortgages

From Thursday 19 May, NatWest and RBS will no longer offer mortgages to Ex Pats, including applications from existing Ex Pat customers wanting to request additional borrowing or a facility increase.

05 May 2016

Halifax slashes Help to Buy ISA rate to 2.5%

Halifax slashes Help to Buy ISA rate to 2.5%

Halifax has cut the rate it pays on its Help to Buy ISA from 4% to just 2.5%.

05 May 2016

£13bn sale of Northern Rock mortgages completes

£13bn sale of Northern Rock mortgages completes

The record-breaking £13 billion sale of former Northern Rock mortgages has completed today as the government received the final £520 million from Cerberus.

05 May 2016

Keeping up with Joneses: technology for technology's sake?

Keeping up with Joneses: technology for technology's sake?

I read a recent news article aimed at mortgage brokers recently which essentially said 'Adapt or die' when it comes to their use of technology. The argument ran that with a variety of lenders, broker competitors, etc. coming to market with new technology designed to ease the mortgage process, existing advisers would have to run fast just to keep up, otherwise they could find themselves out of business.

05 May 2016

Right Mortgage and Protection adds Marsden to panel

Right Mortgage and Protection adds Marsden to panel

Right Mortgage and Protection Network has added Marsden Building Society to its lender panel.

05 May 2016

Kent Reliance launches products for LLP clients

Kent Reliance launches products for LLP clients

Kent Reliance will now lend to clients who are looking to borrow through a Limited Liability Partnership.

05 May 2016

Ipswich BS expands distribution with SimplyBiz

Ipswich BS expands distribution with SimplyBiz

Ipswich Building Society is widening access to its product range to all SimplyBiz Mortgage members.

05 May 2016

Dragonfly expands BDM team

Dragonfly expands BDM team

Short- and medium-term lender Dragonfly Property Finance, part of the Octopus group, has hired Chris Holden and Lauren Gill as External BDMs.

05 May 2016

Pay rate BTL mortgages - the next affordability bubble?

Pay rate BTL mortgages - the next affordability bubble?

Are BTL lenders that continue to offer pay rate products on fixed or lifetime trackers potentially creating the next affordability bubble?

05 May 2016

Equity Release Council appoints new experts to board

Equity Release Council appoints new experts to board

The Equity Release Council has appointed five new senior industry experts to its main board of directors, following a vote by members announced at its latest Annual General Meeting.

05 May 2016

 

New laws give more power to BoE policy committees

New laws give more power to BoE policy committees

Parliament has passed the Bank of England and Financial Services Act 2016, which will see the Monetary Policy Committee's monthly meetings cut from 12 to 8 a year, and place the Bank's three major policy committees on the same statutory footing.

05 May 2016

Belmont Green expands intermediary support team

Belmont Green expands intermediary support team

Leeds Building Society's Head of Intermediary Distribution, Louisa Sedgwick, is joining the senior management team at challenger mortgage lender Belmont Green as Director of Sales - Mortgages.

04 May 2016

Precise parent company cancels sale plans

Precise parent company cancels sale plans

Charter Court Financial Services, the parent company of Exact and Precise Mortgages, has cancelled sale plans after bids failed to reach the £400m asking price.

04 May 2016

Bank of Ireland revamps intermediary range

Bank of Ireland revamps intermediary range

Bank of Ireland for Intermediaries is has made improvements to its current product range.

04 May 2016

Standard Life grows platform with AXA Elevate deal

Standard Life grows platform with AXA Elevate deal

Standard Life has acquired AXA Portfolio Services Limited (trading as Elevate), adding over 160,000 customers and assets under administration of £9.8bn to its business.

04 May 2016

MCI expands panel with National Counties

MCI expands panel with National Counties

National Counties Building Society has become the latest lender to join MCI Mortgage Club's growing panel.

04 May 2016

KPMG: Challengers surge ahead, but obstacles remain

KPMG: Challengers surge ahead, but obstacles remain

Challenger banks are once again outperforming the 'Big Five' on growth, cost-to-income and return on equity, according to KPMG's Challenger Banking Annual Results.

04 May 2016

Sainsbury's Bank to launch mortgage range in 2017

Sainsbury's Bank to launch mortgage range in 2017

Sainsbury's has confirmed that it will launch new mortgage products in 2017.

04 May 2016

eValue launches robo-advice platform

eValue launches robo-advice platform

Risk and financial planning software supplier, eValue, has launched a bespoke robo-advice platform which will offer providers support in areas including investment, protection, pre-, at- and post- retirement and mortgages.

04 May 2016

Wonga's losses double to £80m

Wonga's losses double to £80m

Wonga's pre-tax losses grew from £38.1m in 2014 to £80.2m last year, while revenues declined by 64% to £77.3m.

04 May 2016

FHL launches its lowest ever BTL rate

FHL launches its lowest ever BTL rate

3mc is offering an exclusive buy-to-let deal which offers the same 3.49% 2-year fixed rate for both individual and limited company applications.

04 May 2016

FSE Manchester unveils seminar programme

FSE Manchester unveils seminar programme

Financial Services Expo Manchester has unveiled its seminar programme, with a keynote address by former GB athlete Steve Backley OBE.

04 May 2016

Barclays scraps deposit on Family Springboard mortgage

Barclays scraps deposit on Family Springboard mortgage

Barclays has removed the requirement for Family Springboard mortgage customers to provide a 5% deposit.

04 May 2016

L&G launches sub-5% Flexible Lifetime rates

L&G launches sub-5% Flexible Lifetime rates

Legal & General has announced further rate reductions across its lifetime mortgage ranges, introducing a new rate of 4.80% for its Premier Flexible product.

03 May 2016

AXA launches guaranteed benefit drawdown range

AXA launches guaranteed benefit drawdown range

AXA Life Invest has launched Secure Advantage+ - a new drawdown product that allows pension savers to add a range of benefits and guarantees. Customers remain invested, but can take out an income or capital guarantee and protect themselves from market falls.

03 May 2016

Leeds BS launches probate service

Leeds BS launches probate service

Leeds Building Society is launching a new service to help members and their families deal with the estate after the death of a loved one.

03 May 2016

Aegon to acquire BlackRock's DC platform

Aegon to acquire BlackRock's DC platform

Aegon has announced an agreement to acquire BlackRock's UK defined contribution platform and administration business.

03 May 2016

RBS to rebrand 300 branches as Williams & Glyn

RBS to rebrand 300 branches as Williams & Glyn

RBS is rebranding 300 branches to Williams & Glyn, and reverting back to its full name of 'Royal Bank of Scotland' across a further 200 Scottish branches.

03 May 2016

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