Latest News

Mortgage product choice soars 86% in two years

Mortgage product choice soars 86% in two years

The number of mortgage products available to UK mortgage advisers has increased by 86% over the past two years, according to research from Mortgage Brain.

21 Sep 2016

Coutts reduces ten-year fix by 1%

Coutts reduces ten-year fix by 1%

Coutts has reduced its ten-year fixed rate mortgage by 100bps to 2.99% as part of a series of cuts across its residential and buy to let ranges.

21 Sep 2016

Redefinition of financial advice to create new opportunities

Redefinition of financial advice to create new opportunities

The Treasury has launched its consultation on amending the definition of financial advice as recommended by the Financial Advice Market Review.

21 Sep 2016

Santander abandons plans to buy Williams & Glyn branches

Santander abandons plans to buy Williams & Glyn branches

Santander UK has reportedly pulled out of talks to acquire Royal Bank of Scotland's Williams & Glyn branches.

21 Sep 2016

Phoebus and Pure Retirement launch equity release solution

Phoebus and Pure Retirement launch equity release solution

Phoebus Software Limited and Pure Retirement have launched a new solution which aims to improve the adviser experience of equity release.

21 Sep 2016

YBS urges government to make stamp duty a seller’s tax

YBS urges government to make stamp duty a seller’s tax

Yorkshire Building Society is urging the Government to consider reforming stamp duty land tax to make it paid by sellers not buyers.

21 Sep 2016

Kent Reliance expands broker reach with new hire

Kent Reliance expands broker reach with new hire

Kent Reliance has appointed a new addition to its sales team in a bid to strengthen relationships with broker partners and intermediaries across the UK.

20 Sep 2016

Leeds offers £1,000 cashback on new fixed rates

Leeds offers £1,000 cashback on new fixed rates

Leeds Building Society is launching new two-year fixed rate deals with £1,000 cashback.

20 Sep 2016

Bank Rate cut drives mortgage sales recovery

Bank Rate cut drives mortgage sales recovery

The Bank of England interest rate cut helped buck the traditional summer slowdown for August mortgage sales with a 6.6% (£875m) increase on July, according to Equifax Touchstone.

20 Sep 2016

Online mortgage broker partners with Zoopla to offer five minute DIP

Online mortgage broker partners with Zoopla to offer five minute DIP

Zoopla Property Group and online mortgage broker Trussle have launched a new partnership which will see visitors to Zoopla's website offered a Mortgage in Principle within five minutes.

20 Sep 2016

 

L&G and Skipton announce GI partnership

L&G and Skipton announce GI partnership

Legal & General and Skipton Building Society have announced a five year general insurance distribution agreement.

20 Sep 2016

Losing single market access a 'significant risk' to financial services: Tyrie

Losing single market access a 'significant risk' to financial services: Tyrie

New FCA data has revealed the number of UK financial services firms using passports to do business in Europe.

20 Sep 2016

Advisers believe Brexit increases drawdown risk

Advisers believe Brexit increases drawdown risk

Annuity rate cuts and record low interest rates are risking the success of pension freedoms by limiting choices of guaranteed retirement income solutions and "pushing savers to unprotected drawdown", according to MetLife.

20 Sep 2016

Prudential launches 'save and withdraw' pensions product

Prudential launches 'save and withdraw' pensions product

Prudential is launching a new Retirement Account which contains two core elements within a single proposition – a Pension Savings Account and a Pension Income Account, designed to facilitate withdrawals at any time from age 55.

20 Sep 2016

TMA adds seven new lenders to direct panel

TMA adds seven new lenders to direct panel

TMA Mortgage Club, part of the LSL Property Services Group, has today announced that it is introducing seven new lenders to its direct lender panel.

20 Sep 2016

Bridging sector predicts house price stagnation

Bridging sector predicts house price stagnation

No bridging lenders interviewed in a recent ASTL survey believe that house prices will continue to rise over the next six months, flying in the face of the recent Nationwide House Price Index which showed a 0.6% rise year to date.

20 Sep 2016

Mortgage Hut Group acquires new build brokerage

Mortgage Hut Group acquires new build brokerage

The Mortgage Hut Group has acquired a new build mortgage brokerage in the south.

20 Sep 2016

Which neighbouring towns are miles apart in terms of property supply?

Row of colourful houses

Which neighbouring towns are miles apart in terms of property supply?

Darlington and Durham - just 20 miles apart - are polar opposites when it comes to property supply, as Darlington saw new listings rise 30% last month, while Durham experienced a 31% fall in property supply, according to HouseSimple.

19 Sep 2016

Choose a master broker taking a new look at fee-charging

Choose a master broker taking a new look at fee-charging

The level of scrutiny around second-charge mortgages has ramped up considerably since the implementation of the MCD. However, with such scrutiny comes an almost inevitable quest to understand why seconds work the way they currently do, the role of master brokers, (and in particular the fees they charge), and the way intermediaries have accessed and will access the seconds market. It’s a sad fact that the perceived smoke and mirrors of the sector has historically caused many intermediaries to shun seconds altogether.

19 Sep 2016

United Trust Bank expands Specialised Mortgages division

United Trust Bank expands Specialised Mortgages division

United Trust Bank has made two appointments in its growing Specialised Mortgages division.

19 Sep 2016

The Mortgage Lender completes first case

The Mortgage Lender completes first case

The Mortgage Lender has completed its first case nine weeks after launch.

19 Sep 2016

FCA instructs payday lender to provide £34m redress

FCA instructs payday lender to provide £34m redress

Payday firm, CFO Lending, has entered into an agreement with the FCA to provide over £34 million of redress to more than 97,000 customers for "unfair practices".

19 Sep 2016

Pensioner property wealth shrinks in Scotland and London

Pensioner property wealth shrinks in Scotland and London

Retired homeowners have seen their property wealth break through the £1 trillion barrier for the first time, however over-65s in London and Scotland have seen their wealth shrink, according to Key Retirement research.

19 Sep 2016

LV= profits fall 97% despite life and pension surge

LV= profits fall 97% despite life and pension surge

LV='s group operating profit fell from £79m in H1 2015 to £33m in the same period this year, attributed to lower profits in its general insurance business which fell from £70m to £22m.

19 Sep 2016

TBMC chooses Together for bridging and auction finance

TBMC chooses Together for bridging and auction finance

Specialist lender Together has partnered with TBMC to offer auction and bridging finance to brokers.

19 Sep 2016

FTBs 'marooned' by 10.5% house price surge

FTBs 'marooned' by 10.5% house price surge

House prices have rebounded over the past month, rising by an average of 0.7% after falling 2.0% over previous two months, according to the latest Rightmove house price index.

19 Sep 2016

Dudley BS adds Clever Lending to panel

Dudley BS adds Clever Lending to panel

Master broker Clever Lending is the latest distributor to join Dudley Building Society's panel of introducers.

19 Sep 2016

Carney says post-Brexit opportunities "very large"

Carney says post-Brexit opportunities "very large"

Governor of the Bank of England Mark Carney has described the overnight and morning of the referendum result as the toughest day in his job to date.

16 Sep 2016

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