Latest News

Co-Op Bank up for sale

Co-Op Bank up for sale

Co-Operative Bank has announced that it is commencing a sale process after making "considerable progress" in delivering a turnaround plan since 2013 when the Bank almost collapsed.

13 Feb 2017

Average house price tops £300,000

Average house price tops £300,000

House prices grew by 0.3% month-on-month in January, pushing the average price of a home in England and Wales up by £1,029 to reach £300,169 – a new high in the market and the first fresh peak since March last year.

13 Feb 2017

L&G launches Trainsmart adviser test

L&G launches Trainsmart adviser test

Legal & General has launched Trainsmart, a computer-based test for advisers which allows intermediary sellers to test and understand the knowledge and competency of advisers who have regular interaction with Legal & General Insurance products and services.

13 Feb 2017

In the Spotlight with Matthew Wyles, Castle Trust

In the Spotlight with Matthew Wyles, Castle Trust

We spoke to Matthew Wyles, Executive Director at Castle Trust Capital plc, about the lender’s recent relaunch, the outlook for 2017 and untapped opportunities for brokers.

10 Feb 2017

Quarterly GDP growth rises to 0.7%: NIESR

Quarterly GDP growth rises to 0.7%: NIESR

GDP output grew by 0.7% in the three months to January, up from growth of 0.6% in Q4 2016, according to National Institute of Economic and Social Research estimates.

10 Feb 2017

Santander launches minimum proc fee of £400

Santander launches minimum proc fee of £400

From 13th February, Santander is introducing a minimum procuration fee of £400 where the loan is £25,000 or more.

10 Feb 2017

Family BS to pay retention proc fees

Family BS to pay retention proc fees

The Family Building Society has announced plans to pay mortgage brokers retention fees in 2017.

10 Feb 2017

New integrated trade body to launch in summer

New integrated trade body to launch in summer

Bob Wigley has been appointed as Chair of the new financial services trade association, the name and brand of which will be announced ahead of its launch in the summer of 2017.

10 Feb 2017

BM Solutions launches new rates from 1.99%

BM Solutions launches new rates from 1.99%

BM Solutions has announced a series of rate reductions to its buy-to-let mortgage range as well as extending end dates on all fixed rate products by three months.‎

10 Feb 2017

HSBC appoints Jackie Uhi as Head of Mortgage Distribution

HSBC appoints Jackie Uhi as Head of Mortgage Distribution

HSBC has appointed former Barclays mortgage director Jackie Uhi as Head of Mortgage Distribution.

10 Feb 2017

 

Second charge lending remains subdued in December: FLA

Second charge lending remains subdued in December: FLA

Second charge mortgage new business fell by 6% in volume in December, continuing the downward trend seen in the previous two months, according to Finance & Leasing Association data.

10 Feb 2017

Mint Bridging appoints Head of Sales

Mint Bridging appoints Head of Sales

Mint Bridging has recruited Sinead Moynihan as its Head of Sales to oversee the current team of five BDMs.

10 Feb 2017

Nationwide profits hit despite 11% mortgage lending rise

Nationwide profits hit despite 11% mortgage lending rise

Nationwide Building Society has reported an 11% rise in gross mortgage lending to £26.2bn for the nine months to 31 December 2016.

10 Feb 2017

Pepper Homeloans partners with TMA

Pepper Homeloans partners with TMA

The Mortgage Alliance has added Pepper Homeloans to its lender panel.

10 Feb 2017

First-time buyers surge as landlord investment drops 63%

First-time buyers surge as landlord investment drops 63%

January saw a jump in the number of first-time buyers, with valuations rising by a fifth year-on-year (21%), according to research from Connells Survey & Valuation.

10 Feb 2017

MAB targets expansion in Scotland

MAB targets expansion in Scotland

Mortgage Advice Bureau is continuing its growth in Scotland with the opening of a second office in central Edinburgh.

09 Feb 2017

Charles Haresnape to leave Aldermore

Charles Haresnape to leave Aldermore

Aldermore has confirmed that its Group Managing Director, Charles Haresnape, is leaving the firm to join Gatehouse Bank - a Shariah Compliant Investment Bank based in London.

09 Feb 2017

Charlotte Hogg to replace Minouche Shafik as BoE Deputy Governor

Charlotte Hogg to replace Minouche Shafik as BoE Deputy Governor

Charlotte Hogg will replace Minouche Shafik as the next Deputy Governor for Markets and Banking at the Bank of England.

09 Feb 2017

Pensions industry urges Treasury to scrap MPAA cut

Pensions industry urges Treasury to scrap MPAA cut

Hargreaves Lansdown is submitting "a highly critical response" to the Treasury's proposal to cut the Money Purchase Annual Allowance from £10,000 a year to £4,000, which the provider says is "causing widespread alarm across the pensions industry".

09 Feb 2017

Brilliant Solutions adds New Street to panel

Brilliant Solutions adds New Street to panel

Brilliant Solutions mortgage club has become the latest addition to the New Street’s distribution partners.

09 Feb 2017

Accord cuts offer time by six days

Accord cuts offer time by six days

Accord has reported a six day reduction in application to offer time in 2016, with over half of cases now being processed in less than 10 working days.

09 Feb 2017

Bank of England's PRA fines Japanese banking group £27m

iStock_000009992808Large.jpg

Bank of England's PRA fines Japanese banking group £27m

The Prudential Regulation Authority has fined The Bank of Tokyo-Mitsubishi UFJ Limited £17.85m and MUFG Securities EMEA £8.925m for "failing to be open and cooperative" with the PRA in relation to an enforcement action by the New York Department of Financial Services.

09 Feb 2017

Mortgage repossessions fall by further 25%: CML

Mortgage repossessions fall by further 25%: CML

The number of properties taken into possession last year declined by almost 25% to its lowest number since 1982, according to new data from the Council of Mortgage Lenders.

09 Feb 2017

Kent Reliance partners with TMA to provide direct submission route

Kent Reliance partners with TMA to provide direct submission route

Kent Reliance has partnered with The Mortgage Alliance to provide a direct submission route for its brokers and extend its specialist distribution network.

09 Feb 2017

Two and three-year BTL rates fall to record lows

Two and three-year BTL rates fall to record lows

Two and three-year buy-to-let fixed rates have fallen to all time lows, at 2.92% and 3.76% respectively, according to Mortgages for Business data.

09 Feb 2017

Furness BS appoints former Barclays MD as Finance Director

Furness BS appoints former Barclays MD as Finance Director

Furness Building Society has appointed Matthew Dobson as its new Finance Director.

09 Feb 2017

Responsible Equity Release to expand adviser team by 50%

Responsible Equity Release to expand adviser team by 50%

Responsible Equity Release is seeking to expand its national adviser team by 50% over the next six months as the market continues to grow.

09 Feb 2017

Housing stock remains "close to historic low": RICS

Housing stock remains "close to historic low": RICS

The UK sales market is continuing to lack momentum, with transaction volumes and enquiries both seeing relatively little change over the month, according to the latest RICS UK Residential Market Survey.

09 Feb 2017

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