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LV= scraps pension wrapper exit fees

LV= scraps pension wrapper exit fees

LV= has announced that it will waive all pension wrapper exit charges by the end of 2016.

06 Jul 2016

Equity release industry provides adviser support

Equity release industry provides adviser support

The Equity Release Council has provided a new guide to provide a greater understanding of the market to aspiring new entrants and provide additional support to recent arrivals already in the market.

06 Jul 2016

Fluent Money creates new intermediary brand

Fluent Money creates new intermediary brand

Fluent Money has officially launched a separate brand, Fluent for Advisers, specifically for the broker market.

06 Jul 2016

LendInvest boosts tech offering with VP of Engineering

LendInvest boosts tech offering with VP of Engineering

LendInvest has recruited its first VP of Engineering as it continues to drive its technology strategy.

06 Jul 2016

A week is a long time in politics

A week is a long time in politics

The old saying about ‘a week is a long time in politics’ seems completely apt at the moment – it has only been a little over a week since the result of the EU referendum was known but to say there have been some seismic shifts in the tectonic plates of UK politics would be a gross understatement.

05 Jul 2016

Brexit fears fuel 44% surge in equity release enquiries

Brexit fears fuel 44% surge in equity release enquiries

Enquiries about equity release products have risen by 44% since the Referendum, according to Responsible Equity Release.

05 Jul 2016

Standard Life and Aviva suspend trading on property funds

Standard Life and Aviva suspend trading on property funds

Standard Life and Aviva have both suspended trading in their property funds, following a rapid increase in redemption requests as a result of the Brexit vote.

05 Jul 2016

Leeds extends end dates on new build deals

Leeds extends end dates on new build deals

Leeds Building Society has launched two new fees assisted mortgages with longer end dates in a bid to help new build buyers.

05 Jul 2016

SimplyBiz launches PMI referral service

SimplyBiz launches PMI referral service

SimplyBiz Mortgages has launched a PMI referral service for its members in partnership with PMI brokers Medisurance.

05 Jul 2016

Mortgage lenders to see "inevitable" slowdown in volumes

Mortgage lenders to see "inevitable" slowdown in volumes

For traditional mortgage lenders, "a slowdown in volumes looks inevitable" following the outcome of the Referendum, according to Alistair Jeffery, Executive Chairman at Bluestone Group.

05 Jul 2016

 

BoE boosts lending by £150bn with capital requirement cut

BoE boosts lending by £150bn with capital requirement cut

The Bank of England's Financial Policy Committee have reduced the countercyclical capital buffer rate from 0.5% to 0% in response to the Referendum result.

05 Jul 2016

Keystone increases proc fee to 0.6%

Keystone increases proc fee to 0.6%

Keystone Property Finance has increased the procuration fee on its Classic Range from 0.5% to 0.6% after making a series of rate reductions.

05 Jul 2016

Dudley BS cuts self-employed and shared ownership rates

Dudley BS cuts self-employed and shared ownership rates

Dudley Building Society has introduced new self-employed products, along with new discounted and shared ownership mortgages.

05 Jul 2016

Atom Bank plans intermediary launch with Phoebus

Atom Bank plans intermediary launch with Phoebus

Atom Bank has signed a five year contract with Phoebus Software to provide servicing across Atom's secured business lending proposition and residential lending portfolios.

05 Jul 2016

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

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