Latest News

Industry urged to adapt to rise in social media complaints

Industry urged to adapt to rise in social media complaints

The financial services industry needs to prepare for an increase in customer complaints through the use of social media, according to Equiniti.

18 Feb 2016

CML: gross mortgage lending up 21%

CML: gross mortgage lending up 21%

Gross mortgage lending reached £17.9 billion in January - 9% lower than December's £19.8 billion, but 21% higher than the £14.8 billion lent in January last year, according to the CML.

18 Feb 2016

Government plans deter one in four from BTL

Government plans deter one in four from BTL

Around one in four UK adults who were considering a Buy To Let property investment have been put off by the Government's plan to introduce a 3% additional stamp duty and cut tax relief on their finance costs, according to online investment platform rplan.co.uk.

18 Feb 2016

The Mansfield extends Shared Ownership scheme

The Mansfield extends Shared Ownership scheme

Mansfield Building Society has extended its geographical coverage and broker distribution for Shared Ownership house purchase only mortgages as well as adding remortgage and staircasing options available through specialist brokers.

18 Feb 2016

Zurich to sell 25% stake in Openwork

Zurich to sell 25% stake in Openwork

Zurich has announced plans to divest its 25% shareholding in Openwork within the next four years.

18 Feb 2016

Zopa launches new range ahead of IFISA

Zopa launches new range ahead of IFISA

Peer-to-peer lender Zopa will launch a new range of products in mid-March ahead of the new Innovative Finance ISA.

18 Feb 2016

Just Mortgages and ULS launch broker wills service

Just Mortgages and ULS launch broker wills service

Just Mortgages has teamed up with ULS Technology to offer a will sourcing system to its 130 mortgage brokers situated in Spicer Haart estate agency branches throughout the UK.

18 Feb 2016

Capping of pension exit fees must curb excessive charges

Capping of pension exit fees must curb excessive charges

I was pleased to see the government setting a date to impose a cap on the fees that pension providers can charge savers for withdrawing cash from their pension pots - it's a timely shot in the arm for the industry after a prolonged period of negative headlines.

17 Feb 2016

Newcastle cuts high-LTV rates

Newcastle cuts high-LTV rates

Newcastle Intermediaries has reduced rates on its 'All in One' 90% and 95% products by up to 0.20%.

17 Feb 2016

Building society mortgage approvals rise 10%

Building society mortgage approvals rise 10%

The value of mortgage loans approved by building societies rose 10% in 2015 to £57.8 billion - a 26% market share, according to the BSA.

17 Feb 2016

 

Together completes first regulated bridge

Together completes first regulated bridge

Together has completed its first regulated bridging deal after recently launching a new product with a group of pilot packagers.

17 Feb 2016

Banks account for a quarter of P2P lending

Banks account for a quarter of P2P lending

Around a quarter of peer-to-peer loans are now funded by institutional investors, including traditional banks and government through organisations such as the British Business Bank.

17 Feb 2016

Starter homes "out of reach for majority"

Starter homes "out of reach for majority"

Discounted starter homes could be out of reach for the majority of families across the country, according to the Local Government Association.

17 Feb 2016

PFS: client agreed advice fee is solution to FAMR

PFS: client agreed advice fee is solution to FAMR

In response to Financial Advice Market Review and subsequent speculation on the subject of commission, the Personal Finance Society say that a solution is already available via a client agreed advice fee.

17 Feb 2016

Foundation Home Loans expands BDM team

Foundation Home Loans expands BDM team

Foundation Home Loans has appointed James Adkin as Regional Account Manager for London and the South East.

17 Feb 2016

Could securitisation rebalance the UK mortgage market?

Could securitisation rebalance the UK mortgage market?

Securitisation is enabling mortgage lenders to offer an increased number of lower risk, long-term fixed rate mortgages, according to research by Nottingham Trent University.

17 Feb 2016

LendInvest expands into Scotland

Christian Faes - Montello

LendInvest expands into Scotland

LendInvest, the short-term property finance lender, has announced plans to lend in Scotland.

17 Feb 2016

Nationwide returns to restricted resale lending

Nationwide returns to restricted resale lending

Nationwide has confirmed plans to re-enter the restricted resale market after leaving the market two years ago.

17 Feb 2016

Majority of over 65s have never taken advice

Majority of over 65s have never taken advice

Over half (54%) of people aged 65 and over have never sought financial advice to better understand their pension options, according to research from Stannah.

16 Feb 2016

Are savings rate cuts becoming 'firmly entrenched'?

Are savings rate cuts becoming 'firmly entrenched'?

Rate reductions in the savings market have now outweighed rate rises for four consecutive months, according to Moneyfacts data.

16 Feb 2016

Accord cuts five-year fixes by up to 0.65%

Accord cuts five-year fixes by up to 0.65%

Accord Mortgages has launched a new five-year fixed rate residential range, with the option of added incentives on selected products.

16 Feb 2016

House price dip reveals 'patchwork property market'

House price dip reveals 'patchwork property market'

The rate of house price growth eased to 6.7% over the year to December 2015, down from 7.7% in the year to November 2015, according to the latest ONS house ptice index.

16 Feb 2016

CML: Q4 lending sees 'mixed picture'

CML: Q4 lending sees 'mixed picture'

The CML says its December data reveals a 'mixed picture on lending', but the value of lending grew across all lending types on an annual basis.

16 Feb 2016

Inflation hits 12-month high

Inflation hits 12-month high

CPI rose by 0.3% in the year to January 2016, compared with a 0.2% rise in the year to December 2015, according to the latest ONS statistics.

16 Feb 2016

Advisers urge government to integrate equity release

Advisers urge government to integrate equity release

68% of advisers would back increased Government consultation with the financial services industry aimed at integrating equity release into retirement planning, building on recent calls from regulators and MPs.

16 Feb 2016

TISA: FAMR must address access to advice

TISA: FAMR must address access to advice

Discussing the focus of the Financial Advice Market Review, industry experts say they would like to see increased clarity, access and consumer engagement on the distinction between guidance and advice.

16 Feb 2016

Industry welcomes FCA exam review

Industry welcomes FCA exam review

The Society of Mortgage Professionals have expressed support for an upcoming FCA review of examination standards across a broad range of regulated activities - including mortgages - to ensure they remain fit for purpose.

16 Feb 2016

Active conveyancing firms drop by 9%

Active conveyancing firms drop by 9%

The total number of active conveyancing firms dropped by 9% in 2015 - three times the 3% annual rate of decline seen in 2013 and 2014.

16 Feb 2016

Our Next Event

Complex Lending Roadshow March 2017

Complex Lending Roadshow March 2017

Bolton - 14/03/2017

Barnsley - 15/03/2017

Solihull - 16/03/2017

Watford - 17/03/2017

Register now

Latest Money Careers

Popular this week