Latest News

Equity release lending sees 'unprecedented growth'

Equity release lending sees 'unprecedented growth'

Homeowners over the age of 55 withdrew a record £8.2m of housing wealth every working day from April to June as quarterly equity release lending surged past £0.5bn for the first time since records began, according to the latest industry data from the Equity Release Council.

29 Jul 2016

Paragon reports 21% increase in lending

Paragon reports 21% increase in lending

The Paragon Group of Companies, the parent company of Paragon Mortgages, has today released its Q3 trading update for the period from 1 October 2015 to date, showing underlying operating profits up 12.1% to £109.9m on the same period last year.

29 Jul 2016

Mortgage approvals fall in June: BoE

Mortgage approvals fall in June: BoE

Mortgage approvals were lower than the monthly average in June, according to the latest Bank of England Money and Credit Report.

29 Jul 2016

Teachers BS announces 1.25% 'summer special' mortgage

Teachers BS announces 1.25% 'summer special' mortgage

Teachers Building Society has launched a new 1.25% discounted variable rate Summer Special mortgage for teachers.

29 Jul 2016

Fighting fraud means everyone is better off

Fighting fraud means everyone is better off

In all the client’s excitement around any potential house purchase there will often be a realisation that the legal nature of the transaction is something of a mystery.

29 Jul 2016

Accord launches remortgage range from 1.49%

Accord launches remortgage range from 1.49%

Accord Mortgages has launched a range of competitive fixed-rate mortgages for borrowers looking to remortgage, with a choice of incentives.

29 Jul 2016

Trio of new fixes from 1.28% launched by N&P

Trio of new fixes from 1.28% launched by N&P

Norwich & Peterborough Building Society has introduced a range of competitive two-year fixed rate mortgages available to borrowers at 75%, 85% and 90% loan-to-value.

28 Jul 2016

CML: Smaller lenders take bigger slice of mortgage market

CML: Smaller lenders take bigger slice of mortgage market

The latest figures from the Council of Mortgage Lenders shows that last year saw a contraction in market share by the largest lenders, with medium-sized firms acquiring share.

28 Jul 2016

SimplyBiz & Leeds launch 1.95% 3-year exclusive

SimplyBiz & Leeds launch 1.95% 3-year exclusive

SimplyBiz Mortgages has today launched a new three-year fixed rate product from Leeds Building Society.

28 Jul 2016

Mortgage prisoners 'being failed by lenders & regulator'

Mortgage prisoners 'being failed by lenders & regulator'

The intermediary trade body, the AMI, released its Quarterly Economic Bulletin today in which it said that lenders and the FCA are continuing to fail mortgage prisoners.

28 Jul 2016

 

Lloyds to axe 3,000 more jobs

Lloyds to axe 3,000 more jobs

Lloyds has announced it will axe a further 3,000 roles in its half year results, published today.

28 Jul 2016

LV= launches income protection training programme

LV= launches income protection training programme

Protection specialists LV= are launching an online training programme which will be available free to financial advisers looking to enhance their income protection knowledge.

28 Jul 2016

House price sees minimal change in July: Nationwide

House price sees minimal change in July: Nationwide

UK house prices increased by 0.5% in July, according to the latest House Price Index from Nationwide.

28 Jul 2016

Remortgage lending loses momentum in June

Remortgage lending loses momentum in June

This month's data from LMS found there were 32,873 remortgage loans taken out in June, a rise of 6% from May when there were 30,900 loans. This is also 1% higher than June last year, when there were 32,700.

28 Jul 2016

Skipton slashes Help to Buy rates

Skipton slashes Help to Buy rates

Skipton Building Society is cutting rates by up to 0.20% on selected Help to Buy products, starting from tomorrow.

27 Jul 2016

NatWest rolls out large loan 'concierge service' for brokers

NatWest rolls out large loan 'concierge service' for brokers

NatWest Intermediary Solutions has introduced a new ‘Concierge Service’ for brokers for all mortgage applications over £500,000.

27 Jul 2016

Paragon Bank launches new ISA range

Paragon Bank launches new ISA range

Paragon Bank is launching a range of ISA products, including new two- and three- year fixed rates.

27 Jul 2016

Uinsure named as preferred GI partner by Paradigm

Uinsure named as preferred GI partner by Paradigm

Paradigm Mortgage Services has named leading GI provider Uinsure as a preferred partner for general insurance.

27 Jul 2016

Third of 35-44 year olds can't afford to save for retirement

Third of 35-44 year olds can't afford to save for retirement

Royal London’s second Pensions Through The Ages Report 'Feeling the Squeeze' shows that over a third (34%) of people aged 35 to 44 are 'squeezed', saying that paying bills and meeting everyday commitments is a constant struggle.

27 Jul 2016

Shawbrook announces 14% lending rise in H1

Shawbrook announces 14% lending rise in H1

Shawbrook has announced this morning that it has processed £3.8bn of loans during the first half of this year - a 14% increase in its loan book from £3.4bn recorded at 31st December 2015.

27 Jul 2016

GDP sees surprise 0.6% growth in Q2

GDP sees surprise 0.6% growth in Q2

The UK economy expanded by 0.6% in the last three months, up from 0.4% in the January-March quarter, according to the latest figures from the Office for National Statistics.

27 Jul 2016

Ingard adds Norton Finance Group to panel

Ingard adds Norton Finance Group to panel

Specialist lender Ingard has announced the addition of Norton to its panel.

27 Jul 2016

Senior L&G figure joins Mortgage Advice Bureau

Senior L&G figure joins Mortgage Advice Bureau

Mortgage Advice Bureau has announced the appointment of Rob Gent as Regional Sales Director.

27 Jul 2016

Virgin Money ups mortgage lending by 19% in H1

Virgin Money ups mortgage lending by 19% in H1

Virgin Money increased its year-on-year gross mortgage lending by 19% to £4.3bn in H1 of 2016 and said it remained "focused on maintaining the high quality of [its] mortgage business".

26 Jul 2016

Affirmative continues expansion with new BDM

Affirmative continues expansion with new BDM

Affirmative have announced the appointment of a Business Development Manager, Jade Keval, for the North and Midland regions.

26 Jul 2016

HBOS failure report leads to call for FCA review

HBOS failure report leads to call for FCA review

Released today, the Treasury Committee’s Review of the reports into the failure of HBOS, the chair of the committee Andrew Tyrie MP said regulators’ ability to protect consumers from regulatory failures, was still a “work in progress”, particularly at the FCA.

26 Jul 2016

Retirement plans shelved as over-55s feel the pinch

Retirement plans shelved as over-55s feel the pinch

The latest report into retirement planning from Aviva has discovered that only 36% of unretired over-55s had started their retirement planning during Q2 2016: the lowest percentage since Aviva began tracking this data two years ago.

26 Jul 2016

NatWest & RBS consider imposing negative interest rates

NatWest & RBS consider imposing negative interest rates

Natwest and Royal Bank of Scotland have warned businesses they may have to introduce negative interest rates and charge them to accept deposits, due to low interest rates.

26 Jul 2016

Popular this week

Specialist Lending Roadshow 2017

20th - 28th September

4 days
7 specialists
4 locations
Free to attend

Click here to register now