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McDermott defends FCA whistleblowing conduct

McDermott defends FCA whistleblowing conduct

Former acting chief executive of the FCA, Tracey McDermott, has maintained that the regulator "acted properly" by not treating a case presented to it as whistleblowing.

12 Aug 2016

Nationwide mortgage lending up 26% to £8.6bn

Nationwide mortgage lending up 26% to £8.6bn

Nationwide's gross mortgage lending totalled £8.6bn in Q1 - up 26% compared to the previous year and representing a market share of 15%.

12 Aug 2016

The importance of technology training

The importance of technology training

With mortgage technology moving ahead so quickly, training is essential if brokers are to work efficiently. Whether it's meeting consumers' needs, working to a new directive, or simply not falling foul of the FCA, knowledge of the latest systems is a crucial weapon in the brokers' armoury.

12 Aug 2016

Online mortgage lender BlueZest reveals launch plans

Online mortgage lender BlueZest reveals launch plans

Online lending company BlueZest will launch later this year, offering a range of products including mortgages and secured loans.

12 Aug 2016

Retirement advisers call for guaranteed income innovation

Retirement

Retirement advisers call for guaranteed income innovation

67% of advisers want to see more solutions which can guarantee a level of income in retirement and safeguard savings against volatility.

12 Aug 2016

more 2 life launches 4.69% lifetime mortgage

more 2 life launches 4.69% lifetime mortgage

more 2 life has launched its lowest ever lifetime mortgage rate at 4.69%.

12 Aug 2016

Virgin Money launches sub-2% three-year fixed range

Virgin Money launches sub-2% three-year fixed range

Virgin Money has updated its mortgage range with a number of rate reductions on its three and five-year fixed rate residential mortgages.

11 Aug 2016

Kuflink appoints senior case manager

Kuflink appoints senior case manager

Kuflink Bridging has appointed Danielle Comrie as Senior Case Manager in the company’s head office in Gravesend.

11 Aug 2016

Accord launches ERC-free tracker range

Accord launches ERC-free tracker range

Accord has launched a range of new tracker mortgages with no early repayment charges.

11 Aug 2016

Manchester BS PIBS payments under threat due to capital position

Manchester BS PIBS payments under threat due to capital position

Manchester Building Society predicts that it will not meet the qualitative standards for the level of CET1 regulatory capital, and as a result will not be able to pay its Permanent Interest Bearing Shares coupons scheduled for October.

11 Aug 2016

 

Mortgage arrears fall to record low

Mortgage arrears fall to record low

The number of mortgages in arrears continued to fall in Q2, hitting its lowest level since records began over 20 years ago, according to the CML.

11 Aug 2016

Mansfield BS launches five-year fixed BTL at 3.29%

Mansfield BS launches five-year fixed BTL at 3.29%

Mansfield Building Society has launched a five-year fixed rate buy-to-let mortgage at 3.29%.

11 Aug 2016

Just 4% of brokers would change Brexit vote

Just 4% of brokers would change Brexit vote

92% of brokers would vote the same way on Brexit having seen the immediate aftermath of the decision on the sector.

11 Aug 2016

RICS: buyer enquiries decline sharply in July

RICS: buyer enquiries decline sharply in July

July saw a further slowing in house price inflation, with further decreases expected in the coming months, according to the RICS Residential Market Survey.

11 Aug 2016

Aldermore profits rise 45% in H1

Aldermore profits rise 45% in H1

Aldermore's underlying profit before tax rose by 45% in H1 to £63m.

11 Aug 2016

Aegon becomes UK's biggest platform with Cofunds acquisition

Aegon becomes UK's biggest platform with Cofunds acquisition

Aegon has confirmed the acquisition of Cofunds from Legal & General in a £140m deal, creating the UK’s largest platform business.

11 Aug 2016

Annual house price growth slows to 5.5%

Annual house price growth slows to 5.5%

Uncertainty following the Referendum has caused a 20% drop in housing transactions and a dip in annual house price growth to 5.5%.

11 Aug 2016

Bridging applications surge 61% in Q2

Bridging applications surge 61% in Q2

The value of applications for bridging loans increasing by 61.5% quarter-on-quarter, according to the latest ASTL data.

11 Aug 2016

Aviva suspends property fund "for at least 6 to 8 months"

Aviva suspends property fund "for at least 6 to 8 months"

Aviva Investors has suspended its property fund for "at least six to eight months" due to higher than usual volumes of requests to sell units following the EU Referendum.

10 Aug 2016

Enhanced annuity sales plummet 29% in Q1

Enhanced annuity sales plummet 29% in Q1

Q1 2016 saw UK sales of enhanced annuities to people with a reduced life expectancy continue a downward trend that began in 2012, according to Willis Towers Watson.

10 Aug 2016

IFS: single market issue "seriously problematic" for financial services

IFS: single market issue "seriously problematic" for financial services

A new report by IFS researchers says that the most important economic choice for the financial services industry post-Referendum is whether the UK retains membership of the single market.

10 Aug 2016

FCA announces amendments to new GI renewal rules

FCA announces amendments to new GI renewal rules

The FCA is requiring general insurance providers to make changes to their renewal communications by April 2017, in line with the new rules.

10 Aug 2016

In with the wrong crowd?

In with the wrong crowd?

On 8th July, the FCA announced it was taking the first step in launching the crowdfunding post implementation review. The regulator outlined the size and characteristics of the market, including recent market developments, and invited all interested parties to offer feedback about areas that should be considered, what risks are emerging for consumers, and to provide their thoughts on the sector.

10 Aug 2016

BoE gilt buyback scheme falls short by £52m

iStock_000009992808Large.jpg

BoE gilt buyback scheme falls short by £52m

The Bank of England's gilt buyback scheme has fallen short by £52m.

10 Aug 2016

CML: FTBs drive 29% monthly lending rise

CML: FTBs drive 29% monthly lending rise

June mortgage lending rose by 29% on a monthly basis and 12% year-on-year, driven by strong first-time buyer figures, according to the latest CML statistics.

10 Aug 2016

AIG Life launches Key3 critical illness cover

AIG Life launches Key3 critical illness cover

AIG Life has launched Key3, a 'simpler' form of critical illness cover which pays a lump sum upon diagnosis of cancer, heart attack or stroke.

10 Aug 2016

Kent Reliance and Aldermore cut SVRs by 0.25%

Kent Reliance and Aldermore cut SVRs by 0.25%

Kent Reliance and Aldermore have become the latest lenders to reduce their variable mortgage rates by 0.25% following the Bank of England’s decision to decrease Bank Rate to 0.25%.

10 Aug 2016

Economy shows "marked slowdown" as GDP growth drops 0.3%

Economy shows "marked slowdown" as GDP growth drops 0.3%

NIESR's monthly estimates show that GDP grew by 0.3% in the three months ending in July 2016 after growth of 0.6% in the three months ending in June.

09 Aug 2016

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