Latest News

CML expects MPC to ease monetary policy next month

CML expects MPC to ease monetary policy next month

The CML predicts that the Bank of England's MPC will ease monetary policy at next month's meeting.

21 Jul 2016

CML: June mortgage lending hits eight-year high

CML: June mortgage lending hits eight-year high

Gross mortgage lending has defied Brexit uncertainty to hit £20.7 billion in June - a considerable 16% monthly rise and the highest June figure in eight years, according to CML data.

21 Jul 2016

HSBC execs charged over $3.5bn forex-rigging scheme

HSBC execs charged over $3.5bn forex-rigging scheme

Two heads of foreign exchange cash trading at HSBC bank have been charged with conspiring to defraud a client by rigging a $3.5bn foreign exchange trade.

21 Jul 2016

Tyrie: Brexit could overhaul challenger bank regulation

Tyrie: Brexit could overhaul challenger bank regulation

Andrew Tyrie, Chairman of the Treasury Committee, says that "the opportunity afforded by Brexit could enable the development of a regulatory regime less prejudicial to small and challenger banks".

21 Jul 2016

Dudley BS appoints former RBS underwriting manager

Dudley BS appoints former RBS underwriting manager

Dudley Building Society has appointed Paula Millard as Underwriting Manager.

21 Jul 2016

Price comparison sites under fire - gimmicks over due diligence?

Price comparison sites under fire - gimmicks over due diligence?

There’s nothing like an EU referendum that descends into chaos to cause some news stories to go unnoticed. Even before the country’s shock decision to exit the EU, the referendum was receiving so much coverage and discussion that other pieces, though published, attracted very little attention. The news that price comparison sites are under investigation was one of them.

20 Jul 2016

'Early retirement' to end by 2029

'Early retirement' to end by 2029

If the decline in "early retirees" continues at its current pace, there will be no people defined as 'retired' in the 16 to 64 age bracket by 2029, according to Aviva.

20 Jul 2016

Putting brokers at the heart of Insurtech

Putting brokers at the heart of Insurtech

Technology moves fast. Who would have thought a decade ago that we would be shunning our computers in favour of high-tech tablets and super fast smart phones?

20 Jul 2016

Second charge demand remains strong post-Referendum

Second charge demand remains strong post-Referendum

Fluent for Advisers has reported an upward trend in new business in the months since MCD and in the wake of Brexit.

20 Jul 2016

Complaints Commissioner criticises FCA's handling of 'awkward' cases

Complaints Commissioner criticises FCA's handling of 'awkward' cases

Complaints Commissioner Antony Townsend has said that although the FCA deals with the majority of complaints competently, he has "seen examples of an unwillingness to face up to and admit shortcomings, and delays in dealing with 'awkward' cases".

20 Jul 2016

 

Lack of suitable housing prevents 500,000 over-55s from moving

Lack of suitable housing prevents 500,000 over-55s from moving

Over the last two years, over half a million over-55s have abandoned plans to move because of a lack of suitable housing, according to research from HomeOwners Alliance.

20 Jul 2016

Freedom Finance appoints MD ahead of expansion

Freedom Finance appoints MD ahead of expansion

Freedom Finance has strengthened its senior team with the appointment of Jeff Poole has joined as Managing Director and Zoe Cuthbertson as Head of Marketing.

20 Jul 2016

BoE: no evidence of slowing activity post-Referendum

BoE: no evidence of slowing activity post-Referendum

Despite business uncertainty rising "markedly" following the EU Referendum, the Bank of England says that there is "no clear evidence of a sharp general slowing in activity".

20 Jul 2016

David Finlay and Adrian Whittaker leave New Street

David Finlay and Adrian Whittaker leave New Street

New Street Mortgages' director of distribution David Finlay and sales director Adrian Whittaker have both left the business after parent company Northview announced plans to combine its senior management teams.

20 Jul 2016

Brexit triggers 50% surge in overseas buyer enquiries

Brexit triggers 50% surge in overseas buyer enquiries

Mortgage enquiries from overseas buyers have increased by 50% since the Referendum, according to deVere Mortgages.

20 Jul 2016

TFC appoints key account manager for the North

TFC appoints key account manager for the North

TFC Homeloans has recruited Wayne Bowler as key account manager for the North of England.

20 Jul 2016

IMF cuts UK growth forecasts by 0.9%

IMF cuts UK growth forecasts by 0.9%

The International Monetary Fund has cut its forecasts for UK growth by 0.2% to 1.7% this year and by 0.9% to 1.3% for 2017.

19 Jul 2016

The future of MCD post-Brexit

The future of MCD post-Brexit

In the aftermath of the EU referendum, along with all of the obvious questions being asked - What does this mean for trade? Will jobs be affected? Are our political parties performing in some sort of satirical comedy at present? - the topic of EU regulation was brought up.

19 Jul 2016

Furness launches larger loan range

Furness launches larger loan range

Furness Building Society has launched two variable rate products specifically for loans between £300,000 and £500,000.

19 Jul 2016

Leeds BS appoints Head of Intermediary Distribution

Leeds BS appoints Head of Intermediary Distribution

Leeds Building Society has strengthened its intermediary mortgage team with the appointment of Martese Carton as Head of Intermediary Distribution.

19 Jul 2016

National Counties BS launches expat mortgage

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National Counties BS launches expat mortgage

National Counties Building Society has launched an interest-only mortgage for UK expats.

19 Jul 2016

Scottish brokers confident about future of BTL

Scottish brokers confident about future of BTL

Brokers in Scotland are the most confident about the future of the buy-to-let market, with 63% believing it will remain the same size as last year, despite the 2015 surge in activity.

19 Jul 2016

True Potential opens multi-asset portfolios to adviser market

True Potential opens multi-asset portfolios to adviser market

True Potential Investments is opening its range of multi-asset, multi-manager portfolios to all UK financial advisers due to "market volatility in the wake of Brexit and rising investor demand for diversification".

19 Jul 2016

May house prices recover from April slump with 1.1% rise

May house prices recover from April slump with 1.1% rise

House prices rose by 1.1% in May, offsetting the previous month's fall following the stamp duty changes.

19 Jul 2016

Inflation rises to 0.5%

Inflation rises to 0.5%

CPI inflation rose by 0.5% in the year to June 2016, compared with a 0.3% rise in the year to May, according to the latest ONS data.

19 Jul 2016

Industry concerned over pensions 'demotion' in ministerial reshuffle

Industry concerned over pensions 'demotion' in ministerial reshuffle

Following Ros Altmann's resignation from government, the retirement industry has raised concerns that the role of pensions minister has now been made a junior ministerial post.

19 Jul 2016

Just Mortgages expands self-employed broker division

Just Mortgages expands self-employed broker division

Just Mortgages is expanding its self-employed division after launching four months ago.

19 Jul 2016

TSB incorporates Northern Rock mortgages into new brand

TSB incorporates Northern Rock mortgages into new brand

TSB has completed legal transfer of former Northern Rock mortgages and loans from UKAR into a custom-built new home – Whistletree.

18 Jul 2016

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