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Precise Mortgages launches MCD-compliant system

Precise Mortgages launches MCD-compliant system

Precise Mortgages, the specialist lender, has released a Mortgage Credit Directive ready version of their online mortgage application system for first charge lending.

22 Jan 2016

Yorkshire BS cuts high LTV rates by up to 0.50%

Yorkshire BS cuts high LTV rates by up to 0.50%

Yorkshire Building Society is launching a two-year fixed rate of 2.59% for borrowers with a 10% deposit.

22 Jan 2016

TSB launches BTL remortgage range

TSB launches BTL remortgage range

TSB has today launched two new mortgages for buy-to-let landlords looking to remortgage.

21 Jan 2016

Skipton to integrate financial advice subsidiary

Skipton to integrate financial advice subsidiary

Skipton Building Society has announced plans to integrate Skipton Financial Services, its wholly owned financial advice subsidiary, into Skipton Building Society, to form one combined business.

21 Jan 2016

MAB increases adviser numbers by 25%

MAB increases adviser numbers by 25%

Mortgage Advice Bureau increased adviser numbers to 790 in 2015, a rise of 156, or 25%, since last year end.

21 Jan 2016

Property development director receives 14-year ban

Property development director receives 14-year ban

A property development director has been disqualified for 14 years after his company, Towers Property Development, sold overvalued land by making misleading statements and failing to provide complete information to customers.

21 Jan 2016

more 2 life launches online equity release portal

shutterstock_156997538.jpg

more 2 life launches online equity release portal

Lifetime mortgage provider more 2 life is expanding its support for brokers with investment in an online portal designed to speed up applications and further integrate underwriting.

21 Jan 2016

Cirencester Friendly increases adviser commission rates

Cirencester Friendly increases adviser commission rates

Cirencester Friendly has announced that, from 1 February, new business introductory commission rates on select individual income protection contracts will be increased.

21 Jan 2016

CML: annual mortgage lending at seven-year high

CML: annual mortgage lending at seven-year high

Gross mortgage lending reached £19.9 billion in December, according to the latest CML estimates.

21 Jan 2016

SortRefer reports New Year BTL surge

SortRefer reports New Year BTL surge

SortRefer is reporting a New Year surge in requests for its BTL remortgage conveyancing product.

21 Jan 2016

 

Metro Bank revamps resi and BTL offering

Metro Bank revamps resi and BTL offering

Metro Bank has refreshed its residential and buy-to-let mortgage range, including a rate reduction of 30bps and several policy changes.

21 Jan 2016

Home insurance premiums rise for first time since 2011

Home insurance premiums rise for first time since 2011

Q4 2015 saw small increases in the average quoted Shoparound premiums for home buildings, contents and combined policies - the first since 2011, according to the AA British Insurance Premium Index.

21 Jan 2016

Lending drops 3.1% as supply issues continue

Lending drops 3.1% as supply issues continue

House purchase lending dropped towards the end of 2015, and lack of supply in some areas could be a component in these reduced loan numbers, according to e.surv.

21 Jan 2016

Leeds BS reveals MCD preparations

Leeds BS reveals MCD preparations

Leeds Building Society has announced its preparations for the implementation of the Mortgage Credit Directive on 21 March 2016.

20 Jan 2016

Self-cert lender hits capacity as 4,000 enquire

Self-cert lender hits capacity as 4,000 enquire

Self-certification mortgage lender selfcert.co.uk says it 'won't be able to satisfy demand', claiming that 4,000 people have contacted them since its launch on Monday.

20 Jan 2016

FCA launches New Bank Start-up Unit

FCA launches New Bank Start-up Unit

The PRA and FCA have today launched the New Bank Start-up Unit, giving information and support to newly authorised banks and those thinking of becoming a new bank in the United Kingdom.

20 Jan 2016

Precise launches Limited Company BTL range

Precise launches Limited Company BTL range

Precise Mortgages has launched a Limited Company buy to let product which will be available from Thursday 21st January.

20 Jan 2016

Student start-up beats Wonga to FCA approval

Student start-up beats Wonga to FCA approval

Student lender Smart-Pig.com claims to be the first trading short term loan company to be authorised by the FCA, receiving approval on 4th August 2015 - nearly six months ahead of Wonga.

20 Jan 2016

FSCS levy on firms rises to £363m

FSCS levy on firms rises to £363m

The FSCS has announced total levies of £363m for 2016/17, up from £319m this year, citing further claims from retirement savers who have been badly advised to hold risky investments in SIPPs.

20 Jan 2016

Masthaven Secured Loans hires underwriting manager

Masthaven Secured Loans hires underwriting manager

Masthaven Secured Loans has announced the key appointment of Shelley Connelly as underwriting manager.

20 Jan 2016

IRESS enhances Adviser Office solution

IRESS enhances Adviser Office solution

IRESS has announced the latest enhancements to its Adviser Office solution, with version 11.2 designed to help advisers in providing their clients with a first-rate customer experience.

20 Jan 2016

New life insurance provider offers payback guarantee

Protection

New life insurance provider offers payback guarantee

British Seniors Insurance Agency is launching an over 50s product with Lifetime Payback Guarantee as a standard feature, ensuring that customers never receive less than the total premiums they have paid.

20 Jan 2016

Brokers' mortgage market confidence at record high

Brokers' mortgage market confidence at record high

Intermediaries' confidence about the prospects for the mortgage market has reached a record level in the latest NatWest Intermediary Solutions' Market Confidence Barometer.

20 Jan 2016

House price growth at 15-month high

House price growth at 15-month high

Hometrack's UK Cities House Price Index has recorded a further jump in the rate of house price growth to 11.4%, up from 10.2% the previous month and 8.9% twelve months ago.

20 Jan 2016

Holloway Friendly appoints non-executive directors

Holloway Friendly appoints non-executive directors

Holloway Friendly, the original Holloway income protection society, has appointed two new non-executive directors - Anna East, chairman of the Dudley Building Society, and Adrian Humphreys.

20 Jan 2016

New intermediary-only lender to launch

New intermediary-only lender to launch

David Tweedy, former Managing Director of Platform Home Loans, and Guy Batchelor, recently Managing Director of Corporate Business at Countrywide, have confirmed that they are working together at Belmont Green Finance Limited to create a new challenger brand mortgage lender which will distribute its products exclusively via intermediaries.

19 Jan 2016

Wonga granted full FCA permissions

Wonga granted full FCA permissions

Wonga has received full consumer credit permissions from the FCA.

19 Jan 2016

TSB Intermediary signs 8,000 brokers in first year

TSB Intermediary signs 8,000 brokers in first year

In the twelve months since TSB mortgages became available through brokers, TSB Intermediary has welcomed over 18,000 new customers.

19 Jan 2016

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