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41% of millennials would mortgage through an app

41% of millennials would mortgage through an app

More than two in five (41%) millennials say they would be willing to use an app to buy a mortgage if one were to exist, and over half would take out a mortgage with a challenger bank, according to EDM Mortgage Support Services.

26 Oct 2016

Average pension withdrawal halves to £9,700 in Q3

Average pension withdrawal halves to £9,700 in Q3

£1.54 billion was withdrawn from pension schemes in Q3 according to new HMRC statistics - a decrease from £1.77 billion in the previous quarter.

26 Oct 2016

FCA to extend powers over unregulated firms

FCA to extend powers over unregulated firms

The FCA has announced plans to intervene further in unregulated activities as part of its new Mission, launched today.

26 Oct 2016

FCA plans Handbook review as part of new mission

FCA plans Handbook review as part of new mission

The FCA has revealed its new Mission, which is designed to inform the FCA’s strategy and day-to-day work over the coming years.

26 Oct 2016

V Loans partners with IRESS for second charge sourcing

V Loans partners with IRESS for second charge sourcing

V Loans has partnered with IRESS to launch second charge sourcing via its advice platform XPlan mortgage.

26 Oct 2016

September mortgage approvals drop 15%: BBA

September mortgage approvals drop 15%: BBA

House purchase approval numbers are 15% lower than in September 2015 and gross mortgage borrowing saw a 2% drop to £12bn, according to the latest BBA lending figures.

26 Oct 2016

Industry petitions for government rethink of Lloyds sale

Industry petitions for government rethink of Lloyds sale

Hargreaves Lansdown has set up a petition asking the government to reconsider its decision to cancel the public sale of Lloyds shares.

26 Oct 2016

Clydesdale launches bid for Williams & Glyn

Clydesdale launches bid for Williams & Glyn

Clydesdale & Yorkshire Banking Group has confirmed it has made a proposal to RBS to buy Williams & Glyn.

26 Oct 2016

Government resumes £16bn Bradford and Bingley sale

Government resumes £16bn Bradford and Bingley sale

The sale of mortgage assets the government holds from Bradford & Bingley has been launched by UK Asset Resolution Limited.

26 Oct 2016

Metro Bank mortgage lending up 77%

Metro Bank mortgage lending up 77%

Metro Bank's Q3 results show a 66% rise in deposits to £7,297m year-on-year, as well as its first underlying profit before tax at £0.6m compared to a £3.4m loss in Q2.

26 Oct 2016

 

Kuflink Bridging receives full FCA authorisation

Kuflink Bridging receives full FCA authorisation

Kuflink Bridging has received notification from the FCA that it has become a fully authorised firm.

26 Oct 2016

SimplyBiz expands digital offering for advisers

SimplyBiz expands digital offering for advisers

SimplyBiz Group is launching a new digital offering to its member and client firms.

25 Oct 2016

Openwork adds Hodge Lifetime to panel

Openwork adds Hodge Lifetime to panel

Openwork has boosted its lender panel with the addition of Hodge Lifetime.

25 Oct 2016

IPO market shrinks 42% post-Referendum

IPO market shrinks 42% post-Referendum

A significant slowdown in the IPO market in the first half of the year has continued through the third quarter as the EU referendum takes its toll, according to Henderson Managed Investment Trusts.

25 Oct 2016

Time for advisers to show their worth: Barclays quarterly review

Time for advisers to show their worth: Barclays quarterly review

When starting a remortgage review of any quarter it’s always good to have a look back and evaluate previous expectations, or lack of. In my Q2 review I pointed out that the associated costs of lending would come under increased scrutiny in the months ahead and this has certainly proved to be the case. Q3 saw a raft of rate changes from lenders, mainly positive, plus a variety of free valuation offers and cashback incentives.

25 Oct 2016

"Box-ticking" regulators risking another crisis, warns report

"Box-ticking" regulators risking another crisis, warns report

Britain is "sleepwalking into another financial crisis" unless the culture of financial regulators is changed, according to a new report.

25 Oct 2016

Castle Trust expands BDM team

Castle Trust expands BDM team

Castle Trust has continued its expansion by recruiting a further BDM, Mark Stephenson, for East Anglia.

25 Oct 2016

FCA bans two directors over £50m investment fraud

FCA bans two directors over £50m investment fraud

The FCA has today banned the directors of fraudulent property investment scheme Arck LLP from performing any regulated activity in the financial services industry.

25 Oct 2016

Will MiFID II lead to an IFA business model overhaul?

Will MiFID II lead to an IFA business model overhaul?

Advice firms are likely to review and change their compliance functions and fee structures and de-risk their businesses in light of MiFID II, according to Investec Wealth & Investment.

25 Oct 2016

Principality launches broker case tracking service

Principality launches broker case tracking service

Principality Building Society has launched an online case tracking tool, Brokerpoint, which will allow brokers to track customer applications in real-time.

25 Oct 2016

TSB removes mortgage application fees from entire range

TSB removes mortgage application fees from entire range

TSB has removed its mortgage application fee from all residential and buy-to-let mortgage products.

25 Oct 2016

Yorkshire BS launches Help to Buy ISA at 2%

Yorkshire BS launches Help to Buy ISA at 2%

Yorkshire Building Society has today announced the launch of its Help to Buy ISA.

25 Oct 2016

85% of remortgagors lower rates in September

85% of remortgagors lower rates in September

In September, 85% of remortgagors were able to lower their mortgage rate as they continue to fall following the Brexit vote and the base rate drop, according to LMS.

25 Oct 2016

Accord offers £250 cashback on remortgages

Accord offers £250 cashback on remortgages

Accord Mortgages has launched cashback incentives on selected remortgage options for customers with 35% and 10% deposits.

24 Oct 2016

NatWest cuts fixed rates by up to 0.79%

NatWest cuts fixed rates by up to 0.79%

From tomorrow, NatWest Intermediary Solutions will be reducing rates on a large number of its two, three and five year fixed rate purchase mortgages and remortgages in its core intermediary range.

24 Oct 2016

Scottish Friendly appoints new CEO

Scottish Friendly appoints new CEO

Fiona McBain has decided to step down as Chief Executive of Scottish Friendly after 11 years and will be succeeded by current Deputy Chief Executive Jim Galbraith on 1 January 2017.

24 Oct 2016

Family BS launches equity release alternative for over-60s

Family BS launches equity release alternative for over-60s

The Family Building Society has launched a new mortgage for older homeowners which it says is "a real alternative to the default equity release solution".

24 Oct 2016

Treasury appoints new Director General of Financial Services

Treasury appoints new Director General of Financial Services

Katharine Braddick has been appointed to the role of Director General, Financial Services at HM Treasury.

24 Oct 2016

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