Latest News

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

In the Spotlight with David Jackson, TMA

In the Spotlight with David Jackson, TMA

We spoke to David Jackson, Key Account Manager at TMA Mortgage Club, about the strength of northern cities and the effects of the base rate cut.

16 Sep 2016

ifs University College becomes The London Institute of Banking & Finance

ifs University College becomes The London Institute of Banking & Finance

ifs University College has rebranded to The London Institute of Banking & Finance.

16 Sep 2016

Bank Rate should be -1%, says thinktank

Bank Rate should be -1%, says thinktank

The International Longevity Centre – UK has calculated that based on a 'historic relationship' between economic fundamentals and the base rate, interest rates should be even lower than they currently are at around -1%.

16 Sep 2016

The Bank of Mum and Dad - a temporary fix?

The Bank of Mum and Dad - a temporary fix?

Every year, thousands of hopeful first time buyers find themselves priced out of an increasingly exclusive housing market, leaving many to turn to the so-called Bank of Mum and Dad for help. Just as their parents helped them to take their first steps when learning to walk, first time buyers are now hoping their parents can help them take their first step onto the property ladder.

16 Sep 2016

Newcastle improves time to offer to six days

Newcastle improves time to offer to six days

Newcastle Intermediaries has refreshed its two and five year fixed rate mortgage ranges as well as improving its time to offer to six days (from submission of minimum packaging requirements).

16 Sep 2016

Deutsche Bank to fight $14bn mortgage investigation fine

Deutsche Bank to fight $14bn mortgage investigation fine

Deutsche Bank says it has 'no intention' of paying the $14 billion cited by the U.S. Department of Justice to settle claims regarding its issuance and underwriting of residential mortgage-backed securities before the financial crisis.

16 Sep 2016

Together's annual lending tops £1bn

Together's annual lending tops £1bn

Together has announced record results for the year ending 30 June 2016, with profit before tax at £90.3m, an increase of 20.8% on the previous year.

16 Sep 2016

Paragon launches five-year fixed range

Paragon launches five-year fixed range

Paragon Mortgages has launched a new range of five-year fixed rate buy-to-let mortgages for individual and limited company landlords, with rates starting from 3.75%.

16 Sep 2016

Pension savers losing £2bn in over-charged pots

Pension savers losing £2bn in over-charged pots

Savers could be paying over £2bn in unnecessary pensions management charges each year, as an estimated £180bn of personal pensions are being held in over-charged pots, according to Profile Financial.

16 Sep 2016

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