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New lender to enter residential and lifetime mortgage market

New lender to enter residential and lifetime mortgage market

Mortgages4Life, a new residential and lifetime mortgage lender, has received full regulatory approval from the FCA.

17 Aug 2016

The Exeter bolsters PMI cover with free cash plan offer

The Exeter bolsters PMI cover with free cash plan offer

The Exeter has launched a limited offer giving new PMI policyholders the chance to benefit from a year’s free cash plan cover, which it says will help advisers boost their sales during the summer months.

17 Aug 2016

0% pension exit cap would save retirees £50m

0% pension exit cap would save retirees £50m

Despite the FCA introducing a cap on pension exit fees, around 200,000 investors will still be affected over the next 4 years, argues Hargreaves Lansdown.

17 Aug 2016

Aldermore ceases bridging lending

Aldermore ceases bridging lending

Aldermore will stop accepting new bridging loan applications from the 1st September.

17 Aug 2016

Fluent Money plans expansion into wider lending market

Fluent Money plans expansion into wider lending market

Fluent Money has announced plans to "grow into other lending sectors and evaluate new opportunities" after completing the makeup of its new board.

17 Aug 2016

Step One Finance expands lending team

Step One Finance expands lending team

Specialist lender Step One Finance has hired Target Group's Steve Khan as Head of Commercial Development, as well as expanding its underwriting and operational teams.

17 Aug 2016

Scottish house prices see 4% annual rise

Scottish house prices see 4% annual rise

Scottish house prices have defied a 0.4% monthly drop to maintain a 4% annual growth rate in June - the largest seen since May 2015.

17 Aug 2016

Openwork platform assets hit £4bn

Openwork platform assets hit £4bn

Openwork has announced that its platform assets have surpassed £4bn for the first time.

17 Aug 2016

3mc launches buy-to-let exclusive via Precise

3mc launches buy-to-let exclusive via Precise

3mc has today launched an exclusive buy-to-let mortgage deal funded by Precise Mortgages, targeting HMOs including limited company buy-to-lets.

17 Aug 2016

Advisers aiding tax avoidance face 100% fines

Advisers aiding tax avoidance face 100% fines

Accountants and advisers who enable their clients to avoid tax will face tough penalties under new government proposals announced today.

17 Aug 2016

 

Brexit is creating "mother of all storms" for pensions, warns deVere

Brexit is creating "mother of all storms" for pensions, warns deVere

Today's inflation rise will herald "yet more misery for already deficit-laden British pension funds", warns deVere CEO Nigel Green.

16 Aug 2016

SortRefer appoints Relationship Manager

SortRefer appoints Relationship Manager

SortRefer has appointed Jessica Szczelkun as Relationship Manager to provide support for the conveyancing suppliers on its panel.

16 Aug 2016

Pension funds remain top choice for investors: HSBC

Pension funds remain top choice for investors: HSBC

Pension funds remain the preferred destination for investors’ spare cash, with 29.6% (down from 33.5% in March) opting to invest for the long term and top up their pensions, according to HSBC.

16 Aug 2016

The Coventry launches 1.99% seven-year fix

The Coventry launches 1.99% seven-year fix

Coventry for intermediaries has launched a new range of seven-year fixed residential mortgages, which it says offers the lowest rates currently on the market.

16 Aug 2016

Average two-year tracker falls to record low 1.96%

Average two-year tracker falls to record low 1.96%

Since the Bank of England base rate dropped to 0.25%, the average two-year tracker mortgage deal has fallen below 2% for the first time on record, according to the latest Moneyfacts figures.

16 Aug 2016

UK inflation rises 0.6% to 20-month high

UK inflation rises 0.6% to 20-month high

CPI inflation rose by 0.6% in the year to July 2016, taking it to the highest level seen since November 2014.

16 Aug 2016

UK HPI: The East overtakes London with 14.3% annual rise

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UK HPI: The East overtakes London with 14.3% annual rise

The East of England has replaced London as the region which saw the highest annual house price growth, with prices increasing by 14.3% in the year to June 2016.

16 Aug 2016

Accord launches five-year fixed remortgage range

Accord launches five-year fixed remortgage range

Accord Mortgages has launched a range of five-year fixed rate remortgage products with added incentives.

16 Aug 2016

OneFamily expands senior team

OneFamily expands senior team

OneFamily has announced a number of new senior executive and non-executive board member appointments.

16 Aug 2016

Brexit opening new doors for bridging lenders

Brexit opening new doors for bridging lenders

Brexit is causing a fluctuation of northern developments, increased loan enquiries, and an influx of overseas property buyers which is supporting the bridging market, according to Mint Bridging.

16 Aug 2016

Retirement advisers warn of 'significant stock market downturn'

Retirement advisers warn of 'significant stock market downturn'

Advisers are urging retirement savers to lock in the gains they have seen since the EU Referendum result and 67% plan to offer clients a review of their finances amid concerns that stock markets could be heading for a "significant correction" this year.

15 Aug 2016

Building societies take 82% net lending share in Q2

Building societies take 82% net lending share in Q2

Building societies were responsible for 82% of the growth of the mortgage market in Q2, contributing £5.5bn of the total £6.7bn of net lending, according to the Building Societies Association.

15 Aug 2016

Furness BS launches 90% LTV at 1.99%

Furness BS launches 90% LTV at 1.99%

Furness Building Society has launched two variable rate products at 90% LTV.

15 Aug 2016

Property prices drop 1.2% in July

Property prices drop 1.2% in July

The price of property coming to market fell by 1.2% (-£3,602) last month, due to Brexit uncertainty and a seasonal summer slowdown, according to Rightmove.

15 Aug 2016

Leeds BS launches 1.60% HTB rate

Leeds BS launches 1.60% HTB rate

Leeds Building Society has refreshed its Help to Buy equity range with a two-year fixed rate at 1.60%.

15 Aug 2016

Confidence in lending market unchanged since Brexit

Confidence in lending market unchanged since Brexit

Confidence in the current lending environment remains unchanged for property investors, despite Brexit uncertainty, according to a Shawbrook survey.

15 Aug 2016

Over £6bn invested in drawdown post-freedoms

Over £6bn invested in drawdown post-freedoms

The ABI's first full-year figures since the pension freedoms show that £6.1 billion has been invested in over 90,700 drawdown products.

15 Aug 2016

Enterprise Finance upgrades broker portal

Enterprise Finance upgrades broker portal

Enterprise Finance has upgraded its recently-launched Apex broker portal with an enhanced ‘milestone’ case tracking system.

15 Aug 2016

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