Latest News

BBA: mortgage lending 'falls sharply' after stamp-duty spike

BBA: mortgage lending 'falls sharply' after stamp-duty spike

The latest BBA figures show that gross mortgage borrowing in April saw a 12% annual rise to £12bn, while net mortgage borrowing is running around 3% higher than a year ago.

26 May 2016

Dudley BS adds The Mortgage Partnership to panel

Dudley BS adds The Mortgage Partnership to panel

Dudley Building Society has given The Mortgage Partnership access to its full range of products as an introducer of mortgage business.

26 May 2016

FCA to ban future pension exit charges

FCA to ban future pension exit charges

The FCA has announced that firms will not be able to apply any exit charge for personal pension contracts entered into after new rules come into force.

26 May 2016

April remortgaging soars to post-recession high

April remortgaging soars to post-recession high

Monthly gross remortgage lending rose to £6.4bn in April 2016 - the largest amount recorded since November 2008, according to LMS.

26 May 2016

The journey into retirement - as complicated as a London Bus Map?

The journey into retirement - as complicated as a London Bus Map?

Walking in London recently, a short distance from Putney Heath bus terminus, I was surprised by the number of bus passengers that were only going to the terminus which is in the middle of nowhere.

25 May 2016

CML: 7-day switching success dependent on start point

CML: 7-day switching success dependent on start point

Discussing the government's call for seven-day product switching, the CML said that whether the target is realistic depends on 'when the clock starts ticking'.

25 May 2016

London growth offsets seasonal dip in Q1

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London growth offsets seasonal dip in Q1

London home buyers borrowed £7.1bn for house purchase in Q1 2016, up 6% quarter-on-quarter and 41% annually, according to the latest CML figures.

25 May 2016

1st Stop plans 'significant growth' after new investment

1st Stop plans 'significant growth' after new investment

1st Stop Group has announced a "significant investment" by Pollen Street Capital.

25 May 2016

Nationwide to enter equity release market

Nationwide to enter equity release market

Nationwide plans to enter the equity release market as part of a revamp of its mortgage offering.

25 May 2016

Majority of advisers back Pensions Dashboard

Majority of advisers back Pensions Dashboard

58% of advisers believe that the introduction of a Pensions Dashboard will encourage people to engage with their retirement planning, according to a Royal London poll.

25 May 2016

 

Government calls for seven-day mortgage switching

Government calls for seven-day mortgage switching

The government has announced plans to make switching providers "quicker and easier" across a range of sectors, including mortgages.

25 May 2016

FCA study reveals rising pension fraud risks

FCA study reveals rising pension fraud risks

Despite attempts to increase awareness of pension fraud risks following the freedoms, an FCA study has revealed increasing risks of retirees being scammed.

25 May 2016

Sesame and PMS launch exclusive via Skipton

Sesame and PMS launch exclusive via Skipton

Sesame and PMS have launched an exclusive product to ARs of its network and members of its mortgage club via Skipton Building Society.

25 May 2016

Virgin Money revamps HTB Scotland range

Virgin Money revamps HTB Scotland range

Virgin Money has launched a new range of Help to Buy Equity Loan products for Scotland.

25 May 2016

CYBG to offer mortgages through banking app

CYBG to offer mortgages through banking app

Clydesdale and Yorkshire Banks have confirmed plans to launch a mortgage product through B - its new digital banking service.

25 May 2016

LSL launches general insurance provider

LSL launches general insurance provider

LSL Property Services has launched a general insurance provider with products exclusively available to Pink and First Complete network advisers and TMA mortgage club brokers.

25 May 2016

Affordability - only a problem for the inexperienced

Affordability - only a problem for the inexperienced

The first quarter of 2016 is over and I've no doubt the second charge industry is breathing a collective sigh of relief.

24 May 2016

Aldermore increases regional broker support

Aldermore increases regional broker support

Aldermore has announced the appointment of a new Relationship Manager for the North West and a new BDM for residential mortgages covering the South West and Wales.

24 May 2016

FCA: access to advice remains a mainstream issue

FCA: access to advice remains a mainstream issue

An FCA paper on the experience of vulnerable consumers has found that access to advice does not just affect a small minority, but consumers across the spectrum.

24 May 2016

Nationwide mortgage lending hits pre-crisis levels

Nationwide mortgage lending hits pre-crisis levels

Nationwide Building Society has reported its highest lending figures since the financial crisis.

24 May 2016

LV= and Key Retirement announce partnership

LV= and Key Retirement announce partnership

LV= and Key Retirement are partnering to offer consumers access to a tailored retirement advice service.

24 May 2016

Computershare to service three in five outsourced UK mortgages

Computershare to service three in five outsourced UK mortgages

Australian tech company Computershare has announced that it will service three out of every five outsourced UK mortgages from next month.

24 May 2016

Fleet to accept transfers to limited companies

Fleet to accept transfers to limited companies

Fleet Mortgages has announced new criteria changes with a focus on the transfer of property to limited companies.

24 May 2016

Step One to enhance offering with new funding line

Step One to enhance offering with new funding line

Step One Finance has announced that global investment managers have acquired a minority stake in the firm, allowing it to "significantly increase its presence in the UK residential second charge mortgage market".

24 May 2016

Julian Harris adopts Twenty7Tec's sourcing system

Julian Harris adopts Twenty7Tec's sourcing system

Julian Harris Network has adopted Twenty7Tec's mortgage, secured loan and bridging sourcing platform.

24 May 2016

Paragon doubles new BTL lending in H1

Paragon doubles new BTL lending in H1

In its half-year results for the six months ended 31 March, Paragon reported a 12.5% increase in underlying profits to £71.9 million.

24 May 2016

Newcastle raises rental calculation to 145%

Newcastle raises rental calculation to 145%

Newcastle Intermediaries has increased its buy to let rental coverage ratio from 125% on a reference rate of 5% to 145% on a reference rate of 5.5%.

24 May 2016

LTV rate gap 'closest in 5 years'

LTV rate gap 'closest in 5 years'

The gap between mortgage rates for borrowers with 10% deposits and 35% deposits is at its closest in five years, new research from Yorkshire Building Society has revealed, with 90% loan-to-value mortgages dropping to their lowest average rate in this period.

23 May 2016

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