Latest News

Barclays raises rental calculation to 145%

Barclays raises rental calculation to 145%

Barclays has announced that it is increasing its rental coverage ratio from 135% to 145%.

19 May 2016

BoE Chief Economist: I can't make the remotest sense of pensions

BoE Chief Economist: I can't make the remotest sense of pensions

The Bank of England's Chief Economist Andy Haldane has admitted that financial products are more complex than necessary, stating that he doesn't understand pensions and that experts and IFAs "have no clue either".

19 May 2016

FCA bans former Keydata compliance officer

FCA bans former Keydata compliance officer

The FCA has banned Peter Johnson, former compliance officer of Keydata Investment Services, but he has escaped a £200,000 fine due to "serious financial hardship".

19 May 2016

Monthly lending drops 29% after 'false peak' in March

Monthly lending drops 29% after 'false peak' in March

Gross mortgage lending hit £18.5 billion in April - 29% lower than March's £26.2 billion but the highest lending total for an April since 2008, according to CML estimates.

19 May 2016

CML: starter homes initiative could increase lending risks

CML: starter homes initiative could increase lending risks

The Council of Mortgage Lenders has raised concerns over the starter homes initiative, stating that the government's targets are unachievable and that it could make lending more risky.

19 May 2016

Skipton launches new residential fixed rates

Skipton launches new residential fixed rates

Skipton Building Society has launched a revised range of 2 and 5 year fixed rate residential mortgages, with rates lowered by up to 0.17%.

19 May 2016

Hope Capital expands BDM team in growth drive

Hope Capital expands BDM team in growth drive

Hope Capital has announced plans to double its loan book this year as it appoints a BDM for Midlands and the North.

19 May 2016

FSE Manchester: Advisers losing £3.7m of monthly GI income

FSE Manchester: Advisers losing £3.7m of monthly GI income

UK mortgage advisers are missing out on millions of pounds of potential income from General Insurance sales each year, says Uinsure's Jason Berry.

19 May 2016

FSE Manchester: Rate rise to spark second charge boost

FSE Manchester: Rate rise to spark second charge boost

An increase in Bank Base Rate would provide a 'real boost' to the second-charge mortgage market, according to panel members at yesterday's FSE Manchester.

19 May 2016

FSE Manchester: Panel slams two 'woeful' sourcing systems

FSE Manchester: Panel slams two 'woeful' sourcing systems

Members of a panel discussing the second-charge mortgage market at today's FSE Manchester have slammed the two major sourcing systems for 'woefully letting the industry down' when it comes to the inclusion of second-charge product sourcing capability within their products.

18 May 2016

 

Protection distribution firms launch lobby group

Protection distribution firms launch lobby group

Ten UK intermediary firms are joining forces in a bid to improve the protection market for consumers.

18 May 2016

FSE Manchester: Industry dispels BTL stress test worries

FSE Manchester: Industry dispels BTL stress test worries

Increases in buy-to-let stress test levels should not be viewed as an 'Armageddon moment' for the sector, according to David Whittaker, Managing Director of Mortgages for Business.

18 May 2016

Pensions Bill to create new guidance bodies

Pensions Bill to create new guidance bodies

The Pensions Bill announced in today's Queen's Speech has revealed the creation of two new pensions guidance bodies which aim to restructure the delivery of financial guidance to consumers.

18 May 2016

FSE Manchester: Brexit biggest threat to economy, says Malone

FSE Manchester: Brexit biggest threat to economy, says Malone

A large majority of intermediaries believe a leaving the EU will have a negative impact on the UK economy.

18 May 2016

Specialist equity release panel launched at Sesame

Specialist equity release panel launched at Sesame

Sesame and PMS have announced this morning that they can now refer their customers to a new panel of equity release brokers which aims to bolster their specialist lending panels.

18 May 2016

33% under financial pressure after bailing kids out

33% under financial pressure after bailing kids out

According to new data released by Experian, 33% of British parents (who were able to provide financial support to their children) have been put under financial pressure as a direct result of bailing their independent children out financially.

18 May 2016

Numbers turning down workplace pensions up 9%

Numbers turning down workplace pensions up 9%

The latest report from Aviva has revealed that there has been a 9% increase in the number of people turning down a workplace pension in the last 3 years.

18 May 2016

House prices outpace wages 5-1 according to new data

House prices outpace wages 5-1 according to new data

In response to the latest ONS House Price Index, the Resolution Foundation has highlighted that over the last 5 years, average house prices across the UK have increased 5.1 times faster than average weekly earnings.

18 May 2016

Calls for lenders to focus on 'mainstream switch' for equity release

Calls for lenders to focus on 'mainstream switch' for equity release

According to the latest research from national specialist Bower Retirement Services, lenders need to focus plans for equity release innovation on schemes enabling customers to switch directly from residential mortgages into equity release.

18 May 2016

What are the biggest investment mistakes made by high net worth individuals?

What are the biggest investment mistakes made by high net worth individuals?

High net worth investors have revealed the top investment mistakes they made before they sought financial advice in a new international poll.

18 May 2016

Are low interest rates here to stay?

Are low interest rates here to stay?

As a homeowner (there are a few of us around), I always feel slightly smug when I find that house prices have gone up again.

17 May 2016

Pepper extends distribution to L&G Mortgage Club

Pepper extends distribution to L&G Mortgage Club

Pepper Homeloans has extended its distribution to include the Legal & General Mortgage Club.

17 May 2016

Government to begin Lloyds share sale this year

Government to begin Lloyds share sale this year

Economic Secretary to the Treasury, Harriett Baldwin, has confirmed that the government will make "Lloyds shares available to the public this year", fully returning its stake to the private sector in 2016-17.

17 May 2016

Keystone launches into auction and commercial finance

Keystone launches into auction and commercial finance

Keystone Property Finance has launched into the auction purchase and commercial property markets.

17 May 2016

CML: house purchase lending soars by 60%

CML: house purchase lending soars by 60%

Home-owners borrowed £13.8bn for house purchase in March - up 59% month-on-month and 60% year-on-year, according to the latest CML data.

17 May 2016

ONS: March house prices see 2.5% monthly rise

ONS: March house prices see 2.5% monthly rise

UK house prices rose by 9.0% in the year to March 2016, up from 7.6% in the year to February, according to the latest ONS house price index.

17 May 2016

Inflation sees first fall in eight months to 0.3%

Inflation sees first fall in eight months to 0.3%

CPI rose by 0.3% in the year to April 2016 compared to 0.5% in the year to March - the first fall since September 2015, according to the ONS.

17 May 2016

Altmann is "failing pensioners", warns campaign group

Altmann is "failing pensioners", warns campaign group

Pension Minister Ros Altmann has "failed this and future generations of British pensioners and pension savers", according to the chair of a national pensions campaign group.

17 May 2016

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