Latest News

Over a third of brokers threatened by robo-advice

Over a third of brokers threatened by robo-advice

Nearly four out of 10 brokers (38%) see the rise of robo-advice as the biggest threat to their business in the next three years, according to research from Legal & General Mortgage Club.

31 Oct 2016

BoE: mortgage approvals rebound in September

BoE: mortgage approvals rebound in September

The number of mortgage approvals totalled 62,932 in September, up from 60,058 in August but slightly below the average of 64,841 over the previous six months, according to the latest Bank of England Money and Credit figures.

31 Oct 2016

Remortgage lending sees 12% monthly drop

Remortgage lending sees 12% monthly drop

Remortgaging had the worst month since the referendum in September, falling by 12% from 34,900 in August to 30,766 in September, according to LMS.

31 Oct 2016

FCA to consider risk-based product levy for FSCS

FCA to consider risk-based product levy for FSCS

Andrew Bailey, chief executive of the FCA, has confirmed that a review into FSCS is "well underway" and that the FCA will publish a consultation paper next month to invite comments on a "range of proposals to enhance the current funding model".

31 Oct 2016

Mortgage approvals down 14% as market reaches 'new normal'

Mortgage approvals down 14% as market reaches 'new normal'

September's mortgage approvals remained steady on a monthly basis but 14% lower than in 2015 as the industry finds its feet following the Referendum, according to e.surv.

31 Oct 2016

Mortgage Intelligence adds Pepper to panel

Mortgage Intelligence adds Pepper to panel

Pepper Homeloans has been appointed to the Mortgage Intelligence lending panel.

31 Oct 2016

Fluent Money partners with new finance comparison website

Fluent Money partners with new finance comparison website

A new finance comparison website, Bright Compare, has announced its launch and partnered with master broker Fluent Money.

31 Oct 2016

Adam Tyler to step down as NACFB CEO

Adam Tyler to step down as NACFB CEO

Adam Tyler, chief executive of the National Association of Commercial Finance Brokers, is to stand down after 11 years.

28 Oct 2016

In the Spotlight with Paul Shearman, Openwork

In the Spotlight with Paul Shearman, Openwork

We spoke to Paul Shearman, Mortgage, Protection and GI Proposition Director at Openwork, about the firm's changing model and the taxation changes affecting buy-to-let.

28 Oct 2016

Principality reduces five-year fixed rates

Principality reduces five-year fixed rates

Principality Building Society has cut rates on its five-year fixed rate residential mortgages, with initial rates starting from 2.20%.

28 Oct 2016

 

Aegon appoints Chief Financial Officer

Aegon appoints Chief Financial Officer

Aegon UK has appointed Stephen McGee as Chief Financial Officer, a role he has held on an interim basis since August.

28 Oct 2016

Stamp duty surcharge totals £670m

Stamp duty surcharge totals £670m

One in four properties bought in Q3 was a second home or buy-to-let, according to the latest HMRC figures.

28 Oct 2016

A third of contractors fear they are a mortgage lending 'risk'

A third of contractors fear they are a mortgage lending 'risk'

22% of contractors and self-employed workers believe the way they earn their income has made it more difficult for them to get a mortgage compared to when they were in full-time employment, Accord research reveals.

28 Oct 2016

The flat fee debate - transparency is key

The flat fee debate - transparency is key

The fees debate in the second charge sector rumbles on with the issue of whether a flat fee for seconds should be introduced the key question. There are good points to be made on both sides of the argument of course but for me I think a more significant issue is being ignored and that is that there is a serious lack of understanding of fee structures in our market. It’s fine to quote a flat fee but who’s paying for the valuation? How is the lender commission being shared? What fees can the introducing broker add?

28 Oct 2016

HSBC and Prudential launch sign language services

HSBC and Prudential launch sign language services

Following the news earlier this week that Nationwide has partnered with SignVideo to benefit British Sign Language users, both HSBC and Prudential have launched a BSL proposition.

28 Oct 2016

YBS launches record low 0.98% remortgage rate

YBS launches record low 0.98% remortgage rate

Yorkshire Building Society has launched a 0.98% two-year discounted standard variable rate mortgage which it says is currently the lowest rate on the market.

28 Oct 2016

Illuminating the auto enrolment market

Illuminating the auto enrolment market

I’ve recently been out on the road delivering a series of Workplace Academy residential events (they do still happen!) and catching up with advisers who have been prompted by auto enrolment to consider how they offer further services to protect and grow their relationships.

28 Oct 2016

RBS reports £469m loss as restructuring costs rise

RBS reports £469m loss as restructuring costs rise

RBS has reported an operating profit before tax of £255m in Q3, but an attributable loss of £469m due to restructuring costs of £469m, litigation and conduct costs of £425m and a £300m deferred tax asset impairment.

28 Oct 2016

Government reduces Lloyds shareholding to below 9%

Government reduces Lloyds shareholding to below 9%

The government has made further sales of its shares in Lloyds Banking Group, reducing its remaining shareholding to less than 9%.

27 Oct 2016

Innovative Finance ISA to include crowd bonds

Innovative Finance ISA to include crowd bonds

HM Treasury has introduced new legislation to extend the Innovative Finance ISA to include crowd bonds from 1 November 2016.

27 Oct 2016

The Mortgage Lender expands senior team

The Mortgage Lender expands senior team

The Mortgage Lender has made a number of new appointments, including two senior team members, as part of continued growth following a successful launch earlier this year.

27 Oct 2016

Low rates and capital rules hitting lenders, admits BoE

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Low rates and capital rules hitting lenders, admits BoE

The Bank of England has acknowledged that "many banks have simply not yet adapted to the new prudential constraints or the lower-rate environment".

27 Oct 2016

Further Bank Rate cut unlikely as GDP defies expectations

Further Bank Rate cut unlikely as GDP defies expectations

The Bank of England's MPC are now unlikely to cut bank rate at next month's meeting after GDP growth was higher than expected in Q3.

27 Oct 2016

Industry backs petition to ban pension cold-calling

Industry backs petition to ban pension cold-calling

A petition calling for a ban on cold-calling to sell pensions and investments has received the backing of industry firms including Royal London.

27 Oct 2016

GDP growth "unaffected" by Brexit with 0.5% Q3 rise: ONS

GDP growth "unaffected" by Brexit with 0.5% Q3 rise: ONS

GDP rose by 0.5% in Q3 compared with growth of 0.7% in Q2, according to the first ONS release to cover a full quarter of data following the EU referendum.

27 Oct 2016

TSB doubles profits to £149m

TSB doubles profits to £149m

TSB's profit before tax rose to £149.3 million in the first nine months of 2016, an annual increase of 95.4%.

27 Oct 2016

Foundation Home Loans doubles BTL portfolio limits

Foundation Home Loans doubles BTL portfolio limits

Foundation Home Loans has announced a series of changes to its criteria concerning proof of income as well as doubling the value of portfolios it will accept.

27 Oct 2016

Barclays Q3 profits up 35%

Barclays Q3 profits up 35%

Barclays has reported a 35% rise in Q3 pre-tax profits to £837m, boosted by strong trading in its investment banking arm.

27 Oct 2016

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