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Shock General Election announcement: industry reaction

Shock General Election announcement: industry reaction

Following the Prime Minister's shock announcement that she is proposing a general election for 8th June, to be voted on by the House of Commons, the industry has responded - and many predict that a decisive result will bring stability.

18 Apr 2017

House prices rise 3.3% in March: Your Move

House prices rise 3.3% in March: Your Move

The average house price in the UK rose to £301,278 in March, according to Your Move's England and Wales House Price Index.

18 Apr 2017

Leeds BS launches new cashback 2-year fixes

Leeds BS launches new cashback 2-year fixes

Leeds Building Society is launching two new fixed rate mortgages offering £750 cashback.

18 Apr 2017

The Mortgage Lender announces partnership with Ingard

The Mortgage Lender announces partnership with Ingard

The Mortgage Lender has added Ingard as one of its distribution partners.

18 Apr 2017

FCA makes closer look at interest-only a priority

FCA makes closer look at interest-only a priority

The FCA have today released their Business Plan document, which stated that the regulator would be looking closely at the interest-only market as a priority.

18 Apr 2017

Principality cuts rates on two 2-year fixes

Principality cuts rates on two 2-year fixes

Principality Building Society has cut rates on two 2 year fixed rate residential mortgage products.

18 Apr 2017

Momentum launches new 'clearer charges' property SIPP

Momentum launches new 'clearer charges' property SIPP

Momentum Pensions has launched a SIPP product to 'help tackle the lack of transparency in the property purchase market', and has redesigned all of its SIPP range to have clearer charges.

18 Apr 2017

The cost of conversion

The cost of conversion

It is perhaps ironic that one of the consequences of Brexit is that the weaker pound has made UK property better value for European buyers!

17 Apr 2017

Retirement lending market to double over next 10 years

Retirement lending market to double over next 10 years

The size of the retirement lending market in the UK is set to rise from £65bn in 2017 to more than £142bn in 2027 – an increase of over 120%, according to research from more 2 life in partnership with the Centre for Economics and Business Research.

17 Apr 2017

In the Spotlight with John Phillips, Just Mortgages and Spicerhaart

In the Spotlight with John Phillips, Just Mortgages and Spicerhaart

We spoke to John Phillips, group operations director at Just Mortgages and Spicerhaart, about self-employed borrowers and talk of more lenders coming to the market in the next 12 to 18 months.

15 Apr 2017

 

Going for broker

Going for broker

There is a phrase that grates with me. Like the sharpest of knives scraped with tortuous slothfulness along the scratchiest of blackboards.

14 Apr 2017

Don't translate 'Brexit unknowables' into your business

Don't translate 'Brexit unknowables' into your business

So, that’s the first three months of the year gone. Quarter one 2017 done and dusted already and, no doubt like many others in the sector, it may have felt like a case of ‘blink and you’ll miss it’. Understandably, and quite frankly as always, there is plenty going on in the market to keep all our attentions but as we move towards the Easter break – and I call two bank holidays a ‘break’ in the loosest of terms – it may be a good time to review how the year has started and what can be learnt from it.

13 Apr 2017

Loan.co.uk releases responsible borrowing guidelines

Loan.co.uk releases responsible borrowing guidelines

Loan.co.uk has released responsible borrowing guidelines in a bid to show borrowers in need of funds how they can use financial products more responsibly.

13 Apr 2017

Lenders less willing to lend to low equity borrowers: BoE

Lenders less willing to lend to low equity borrowers: BoE

Lenders have reported a reduction in their willingness to lend to borrowers with housing equity worth less than 10% of the value of their home.

13 Apr 2017

Sales remain flat as available property hits record low: RICS

Sales remain flat as available property hits record low: RICS

The UK housing market "continues to lack impetus", with new buyer enquiries flat for a third successive month in March, according to the latest RICS Residential Market Survey.

13 Apr 2017

IMLA appoints Kate Davies as new Executive Director

IMLA appoints Kate Davies as new Executive Director

The Intermediary Mortgage Lenders Association has announced that Kate Davies will serve as its new Executive Director from 1st January 2018 following Peter Williams' departure after a decade in the role.

13 Apr 2017

FCA proc fee ban would "deprive the most vulnerable from advice"

FCA proc fee ban would "deprive the most vulnerable from advice"

The Association of Mortgage Intermediaries believes removing proc fees in favour of charging the customer "is likely to deprive the most vulnerable from advice they badly need".

13 Apr 2017

AMI: stamp duty should become regional or seller's tax

AMI: stamp duty should become regional or seller's tax

The Association of Mortgage Intermediaries says it would like to see work done to review whether stamp duty could become a tax paid by the property seller rather than buyer.

13 Apr 2017

Financial Reporter Awards sees record number of votes

Financial Reporter Awards sees record number of votes

Voting closed at midnight last night for the eighth annual Financial Reporter Awards, which once again attracted a record number of votes.

13 Apr 2017

The Nottingham appoints Finance Director from Co-Op Bank

The Nottingham appoints Finance Director from Co-Op Bank

The Nottingham Building Society has appointed Dan Mundy as Finance Director to succeed Ashraf Piranie, who recently left to join West Bromwich Building Society.

13 Apr 2017

A quarter planning to fund retirement with property have yet to buy

A quarter planning to fund retirement with property have yet to buy

Nearly half (47%) of 35-54 year olds - equivalent to 8.3 million people in the UK - are planning to use property to help finance their retirement, but 23% of these have yet to buy a property.

12 Apr 2017

SimplyBiz extends partnership with Mortgage Brain

SimplyBiz extends partnership with Mortgage Brain

SimplyBiz Mortgages has extended its partnership with Mortgage Brain to continue offering the Key, MortgageBrain Classic and MortgageBrain Anywhere to its members as part of its reward programme.

12 Apr 2017

Think you can beat these second charge rates?

Think you can beat these second charge rates?

We talk quite a lot about how second charge can be the more cost effective solutions for a number of borrowers. However, by this we usually mean taking into account all circumstances the overall cost of the loan is cheaper. What we’re starting to see now however is second charge rates actually falling lower than their comparable first charge rates.

12 Apr 2017

Santander lowers affordability assessments for BTL remortgages

Santander lowers affordability assessments for BTL remortgages

Santander has announced that from 19 April it will use a lower affordability assessment of 125% rental cover and 5% affordability rate for buy-to-let remortgage applications where no increase in borrowing is taking place.

12 Apr 2017

Keith Street steps down as Head of Kensington Mortgages

Keith Street steps down as Head of Kensington Mortgages

Keith Street, Head of Kensington Mortgages, has announced that he is leaving the firm after sixteen years.

12 Apr 2017

Relatives fund over half of first-time buyer deposits

Relatives fund over half of first-time buyer deposits

More than half of first time buyers are dependent on family money to raise their deposit, according to Nationwide Mortgages research.

12 Apr 2017

SFO and FCA action sparks 28% fall in Tesco profits

SFO and FCA action sparks 28% fall in Tesco profits

Tesco has announced a 28% fall in full year profits due to costs relating to its recent SFO fine and accompanying FCA compensation agreement due to an overstatement of profits in 2014.

12 Apr 2017

FSCS: life and pension advisers face "risk of supplementary levy"

FSCS: life and pension advisers face "risk of supplementary levy"

The FSCS will raise an initial levy of £100m for life and pensions advisers in 2017/18, but could raise a supplementary levy due to the volatility of SIPP-related claims.

12 Apr 2017

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