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Financial Reporter Awards sees record number of votes

Financial Reporter Awards sees record number of votes

Voting closed at midnight last night for the eighth annual Financial Reporter Awards, which once again attracted a record number of votes.

13 Apr 2017

The Nottingham appoints Finance Director from Co-Op Bank

The Nottingham appoints Finance Director from Co-Op Bank

The Nottingham Building Society has appointed Dan Mundy as Finance Director to succeed Ashraf Piranie, who recently left to join West Bromwich Building Society.

13 Apr 2017

A quarter planning to fund retirement with property have yet to buy

A quarter planning to fund retirement with property have yet to buy

Nearly half (47%) of 35-54 year olds - equivalent to 8.3 million people in the UK - are planning to use property to help finance their retirement, but 23% of these have yet to buy a property.

12 Apr 2017

SimplyBiz extends partnership with Mortgage Brain

SimplyBiz extends partnership with Mortgage Brain

SimplyBiz Mortgages has extended its partnership with Mortgage Brain to continue offering the Key, MortgageBrain Classic and MortgageBrain Anywhere to its members as part of its reward programme.

12 Apr 2017

Think you can beat these second charge rates?

Think you can beat these second charge rates?

We talk quite a lot about how second charge can be the more cost effective solutions for a number of borrowers. However, by this we usually mean taking into account all circumstances the overall cost of the loan is cheaper. What we’re starting to see now however is second charge rates actually falling lower than their comparable first charge rates.

12 Apr 2017

Santander lowers affordability assessments for BTL remortgages

Santander lowers affordability assessments for BTL remortgages

Santander has announced that from 19 April it will use a lower affordability assessment of 125% rental cover and 5% affordability rate for buy-to-let remortgage applications where no increase in borrowing is taking place.

12 Apr 2017

Keith Street steps down as Head of Kensington Mortgages

Keith Street steps down as Head of Kensington Mortgages

Keith Street, Head of Kensington Mortgages, has announced that he is leaving the firm after sixteen years.

12 Apr 2017

Relatives fund over half of first-time buyer deposits

Relatives fund over half of first-time buyer deposits

More than half of first time buyers are dependent on family money to raise their deposit, according to Nationwide Mortgages research.

12 Apr 2017

SFO and FCA action sparks 28% fall in Tesco profits

SFO and FCA action sparks 28% fall in Tesco profits

Tesco has announced a 28% fall in full year profits due to costs relating to its recent SFO fine and accompanying FCA compensation agreement due to an overstatement of profits in 2014.

12 Apr 2017

FSCS: life and pension advisers face "risk of supplementary levy"

FSCS: life and pension advisers face "risk of supplementary levy"

The FSCS will raise an initial levy of £100m for life and pensions advisers in 2017/18, but could raise a supplementary levy due to the volatility of SIPP-related claims.

12 Apr 2017

 

Prestige Finance cuts Near Prime rates by up to 4.9%

Prestige Finance cuts Near Prime rates by up to 4.9%

Prestige Finance, part of OneSavings Bank, has introduced a new 90% LTV tier for its Prime residential product range as well as its lowest ever Near Prime rates.

12 Apr 2017

Remortgagors at eight year high but affordability begins to worsen

Remortgagors at eight year high but affordability begins to worsen

Remortgage figures remained strong in February, but caution may be starting to set in as affordability tightens, according to LMS research.

12 Apr 2017

Nationwide cuts two and five year rates by up to 0.20%

Nationwide cuts two and five year rates by up to 0.20%

From tomorrow, Nationwide Building Society is cutting rates on selected two and five year fixed and tracker mortgage products by up to 0.20%.

11 Apr 2017

Together introduces two-minute application process

Together introduces two-minute application process

Together has overhauled its bridging application process for brokers, including cutting the time it takes to apply from thirty minutes to just two.

11 Apr 2017

FCA issues new guidance for firms offering ‘streamlined advice’

FCA issues new guidance for firms offering ‘streamlined advice’

The FCA is producing new guidance for firms offering ‘streamlined advice', in response to recommendations set out in the Financial Advice Market Review.

11 Apr 2017

TMA partners with Twenty7Tec

TMA partners with Twenty7Tec

TMA Mortgage Club has partnered with Twenty7Tec Group to offer its club members access to the Twenty7Tec systems.

11 Apr 2017

Evolution's Darwin Group announce £75m funding facility

Evolution's Darwin Group announce £75m funding facility

The Darwin Group, which offers secured second charge mortgages through its Evolution brand, has announced a new funding facility of in excess of £75m.

11 Apr 2017

Homebuying activity hits ten-year high in February: CML

Homebuying activity hits ten-year high in February: CML

There were more loans advanced for house purchase in the February month than any February since 2007, according to the latest CML data.

11 Apr 2017

Inflation remains at above-target 2.3%

Inflation remains at above-target 2.3%

UK inflation remained at 2.3% in March, unchanged from February and the second month inflation has surpassed the Bank of England's 2% target, according to statstics from the ONS.

11 Apr 2017

Chris Bramham returns to Metropolis as Sean King steps down

Chris Bramham returns to Metropolis as Sean King steps down

Metropolis Surveyors has announced that its Commercial Director, Sean King, has left the business with former Brightstar Director and Head of Mortgages, Chris Bramham returning to the firm.

11 Apr 2017

Atom offers five-year fixes at two-year rates

Atom offers five-year fixes at two-year rates

Atom Bank has lowered its five-year fixed rates to match its two-year products for a limited time.

11 Apr 2017

95% LTV rates up 0.25% since end of Help to Buy

95% LTV rates up 0.25% since end of Help to Buy

The end of Help to Buy has contributed to rising high-LTV rates, according to new Moneyfacts data.

11 Apr 2017

Magellan partners with Connect for Intermediaries

Magellan partners with Connect for Intermediaries

Magellan Homeloans has announced plans to distribute its range of mortgage products via Connect for Intermediaries.

11 Apr 2017

Cost of stamp duty deters one in 12 homemovers

Cost of stamp duty deters one in 12 homemovers

More than one in 10 homeowners have decided against moving house due to stamp duty or mortgage issues, according to research from Nottingham Building Society.

11 Apr 2017

Where do robo-advisers take their market share from?

Where do robo-advisers take their market share from?

In technology circles there is always much talk about ‘digital disrupters’ – the energetic, often ‘bright young things’ who are going to revolutionise all kinds of markets. At the moment, I appear to be forever reading about the ‘Uberfication’ of various sectors – technology companies running apps that plan to turn the way we do things on their head, all with a swipe to the right/left or a drag-down. For every Uber that does do exactly that, there are hundreds (if not thousands) of tech-based ideas that are effectively solutions for problems that don’t exist. You can probably guess where they end up.

10 Apr 2017

deVere Group launches challenger bank

deVere Group launches challenger bank

deVere Group has entered the fintech sector with the launch of deVere Vault, a global e-money app which allows users to open an account in five minutes and offers a "single card, multi currency service."

10 Apr 2017

L&G enhances intermediary protection system

L&G enhances intermediary protection system

Legal & General has announced new upgrades to its protection case management system, Online Protection Connect.

10 Apr 2017

Sainsbury's enters mortgage market through L&C and L&G

Sainsbury's enters mortgage market through L&C and L&G

Sainsbury's Bank has launched into the mortgage market through initial intermediary pilot broker partner, L&C Mortgages, and Legal & General’s Mortgage Club.

10 Apr 2017

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