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A third of working over-55s still paying off mortgages

A third of working over-55s still paying off mortgages

31% of working homeowners aged 55 or over are still paying off a mortgage, compared to 8% of retired over-55 homeowners, according to Aviva research.

10 Oct 2017

Black Book Finance appoints North West BDM

Black Book Finance appoints North West BDM

Black Book Finance has appointed Andy Morgan to the role of Business Development Manager for the North West.

10 Oct 2017

Scottish Widows joins IRESS’ protection underwriting service

Scottish Widows joins IRESS’ protection underwriting service

IRESS has announced Scottish Widows as the latest protection provider to offer partially underwritten quotes through its online comparison quote and transaction portal, The Exchange.

09 Oct 2017

Fixed rates begin to rise amid Bank Rate speculation

Fixed rates begin to rise amid Bank Rate speculation

As swap rates have seen a steep increase due to base rate speculation, the average two-year fixed rate mortgage is also starting to rise, according to new Moneyfacts data.

09 Oct 2017

135,000 face repossession as government scraps SMI, Royal London warns

135,000 face repossession as government scraps SMI, Royal London warns

Royal London has warned that up to 135,000 low income pensioners and working age benefit claimants could face repossession if they get into arrears as a result of changes to mortgage benefits.

09 Oct 2017

Pensioners earning record £3,500 a month from their homes

Pensioners earning record £3,500 a month from their homes

Retired homeowners have earned £3,500 a month from their houses in the three months to the end of August as property wealth hits a new record high, according to Key Retirement analysis.

09 Oct 2017

Vida launches criteria search tool for brokers

Vida launches criteria search tool for brokers

Vida Homeloans has launched a new online buy-to-let affordability calculator and as well as a criteria search tool which allows brokers to check its lending criteria using a simple keyword search.

09 Oct 2017

Remortgaging rises 11% to hit 2017 high: LMS

Remortgaging rises 11% to hit 2017 high: LMS

The number of remortgagors increased by 11% in August to 41,497 – the highest number of remortgagors since January 2017, according to LMS research.

09 Oct 2017

The Mortgage Lender partners with Intrinsic

The Mortgage Lender partners with Intrinsic

Intrinsic has joined The Mortgage Lender’s network of partners.

09 Oct 2017

Landbay adopts adopts eTech's portfolio BTL platform

Landbay adopts adopts eTech's portfolio BTL platform

Landbay has partnered with property risk software developer eTech to implement its new online portfolio submission platform, providing brokers with a solution to the recent PRA underwriting changes.

09 Oct 2017

 

Paragon combines Paragon Mortgages and Mortgage Trust brands

Paragon combines Paragon Mortgages and Mortgage Trust brands

Paragon has combined its Mortgage Trust and Paragon Mortgages buy-to-let range under a single Paragon brand, giving intermediaries access to its full suite of buy-to-let products through a new website.

09 Oct 2017

Homelyfe enters market with gazumping insurance

Homelyfe enters market with gazumping insurance

Insurance app Homelyfe has launched into the market today, initally offering Home Buyer’s Insurance for £35.

09 Oct 2017

In the Spotlight with Rory Joseph and Sebastian Murphy, JLM

In the Spotlight with Rory Joseph and Sebastian Murphy, JLM

We spoke to Rory Joseph, Director, and Sebastian Murphy, Head of Mortgage Finance, at mortgage and protection network JLM Mortgage Services, about how networks and the AR market will continue to evolve and

06 Oct 2017

Shepherds Friendly revamps income protection plan

Protection

Shepherds Friendly revamps income protection plan

Mutual society Shepherds Friendly has announced that its income protection plan has been awarded a 5 star rating by independent ratings experts, Defaqto.

06 Oct 2017

‘State Pension shortfall day’ highlights £5,000 income gap

‘State Pension shortfall day’ highlights £5,000 income gap

Today marks ‘State Pension shortfall day’, when the spending power of the average pensioner couple outstrips the full annual State Pension and retirees must find income from other sources to cover spending.

06 Oct 2017

Aviva buys majority stake in robo-adviser

Aviva buys majority stake in robo-adviser

Aviva has announced an agreement to acquire a majority shareholding in robo-advice firm Wealthify Group.

06 Oct 2017

MAB outlines 'glimmer of hope' for London and South East FTBs

MAB outlines 'glimmer of hope' for London and South East FTBs

Mortgage Advice Bureau says the outlook for first-time buyers in London and the South East may be improving, despite a recent poll showing that they expect to pay in excess of £357,000 for their first property purchase.

06 Oct 2017

Second charge lending sees further 25% rise in August: FLA

Second charge lending sees further 25% rise in August: FLA

Second charge mortgage new business increased 25% by value and 11% by volume in August compared with the same month last year, according to figures from the Finance & Leasing Association.

06 Oct 2017

Paul Nye to retire from Stonebridge Group

Paul Nye to retire from Stonebridge Group

Stonebridge Group has announced that its Director of Business Partnerships, Paul Nye, will retire at the end of the year.

06 Oct 2017

Bank of England's McCafferty backs late 2017 rate rise

Bank of England's McCafferty backs late 2017 rate rise

Ian McCafferty, External MPC Member at the Bank of England, has said that risks of "an unwelcome surprise" from the Bank of England have reduced now that it has brought forward expectations of the first rise in Bank rate from mid-2019 to late 2017.

06 Oct 2017

Annual house price growth rebounds to 4%: Halifax

Annual house price growth rebounds to 4%: Halifax

House prices in the three months to September were 1.4% higher than in the previous three months - the fastest price growth since February, according to the latest Halifax house price index.

06 Oct 2017

NatWest increases residential rates by up to 90bps

NatWest increases residential rates by up to 90bps

NatWest has increased rates across several of its two and five-year fixed rate purchase mortgages and remortgages in its core range.

06 Oct 2017

What a difference a month makes

What a difference a month makes

The start of September saw many in the mortgage and housing market effectively issuing the last rites to the Help to Buy Scheme on the basis of rumours an ongoing review into the scheme was likely to result in a recommendation to shut it down early.

05 Oct 2017

20% of rate rises come in November, but will the MPC hold off til 2018?

iStock_000009992808Large.jpg

20% of rate rises come in November, but will the MPC hold off til 2018?

There is a one in five chance of a Bank of England rate rise on November 2nd, as history shows that 20% of rate rises come in November, listed bond provider Minerva Lending says.

05 Oct 2017

Bluestone expands funding line with National Australia Bank

Bluestone expands funding line with National Australia Bank

Bluestone Mortgages has announced the launch of a new funding facility from National Australia Bank.

05 Oct 2017

L&G pays out £30m due to Early Warning System for advisers

L&G pays out £30m due to Early Warning System for advisers

Legal & General has paid out £30 million in 2017 as a direct result of its Early Warning System, which helps advisers identify policies which are about to lapse.

05 Oct 2017

Early repayment options key to lifetime mortgage growth, say IFAs

Early repayment options key to lifetime mortgage growth, say IFAs

The majority of IFAs believe greater choice and flexibility around early repayment options would make equity release more popular among older homeowners, more 2 life research has found.

05 Oct 2017

Firms to leave UK if no Brexit deal in place by Christmas, BoE warns

Firms to leave UK if no Brexit deal in place by Christmas, BoE warns

Sam Woods, CEO of the Prudential Regulation Authority, has warned that if no Brexit transition deal is in place by the end of the year, banks and financial firms could begin leaving the UK.

05 Oct 2017

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