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ONS: property wealth rising by £200bn a year

ONS: property wealth rising by £200bn a year

Net property wealth increased by £399 billion (11%) to £3,927 billion between July 2010 to June 2012 and July 2012 to June 2014, according to ONS statistics.

18 Dec 2015

Home registrations remain steady in November

Home registrations remain steady in November

New home registrations in the UK maintained a steady rate of growth throughout November, with similar levels compared to a year ago, according to the latest NHBC figures.

18 Dec 2015

LendInvest takes 10% bridging market share

Christian Faes - Montello

LendInvest takes 10% bridging market share

LendInvest lent a total of £250 million in 2015, and claims that it has secured a 10% market share of the £3 billion UK bridging finance market in 2015.

18 Dec 2015

Two weeks to go: insurers ready for Solvency II, says ABI

Two weeks to go: insurers ready for Solvency II, says ABI

The UK industry is well prepared for the reforms to capital rules, the Association of British Insurers said today.

18 Dec 2015

House prices to soar 50% by 2025

House prices to soar 50% by 2025

The rental population will increase by 9%, while home ownership will fall by 7% by 2025, according to a report by ARLA and NAEA.

18 Dec 2015

Government to consult on FPC's buy-to-let controls

iStock_000009992808Large.jpg

Government to consult on FPC's buy-to-let controls

The government is seeking views on the powers the Bank of England should have over the UK's buy-to-let mortgage market.

17 Dec 2015

Kensington launches new intermediary website

Kensington launches new intermediary website

Kensington has today launched its new website for intermediaries, with a number of features to make it easier for intermediaries to place their complex cases.

17 Dec 2015

Savers could unlock £300m in extra interest with IFISA

Savers could unlock £300m in extra interest with IFISA

Almost two thirds of cash ISA holders are unhappy with their interest rate, and could generate £300m in extra interest with an IFISA, according to RateSetter.

17 Dec 2015

FCA bans former Quintillion director

FCA bans former Quintillion director

The FCA has banned former Quintillion Asset Management director Simon Silva-Peake for 11 years after he transferred client pension funds into inappropriate investments.

17 Dec 2015

Insurance law firm becomes ABI's first Associate Member

Insurance law firm becomes ABI's first Associate Member

Insurance law firm BLM has become the ABI's first Associate Member.

17 Dec 2015

 

Pension advisers: expect poor value from second hand annuities

Pension advisers: expect poor value from second hand annuities

Portal Financial has warned that the returns people will receive when selling their annuities are likely to be very poor - on average 25% less than the expected value for a 10 year old annuity, but possibly much higher for older annuities or people whose health has deteriorated.

17 Dec 2015

CML: November sees 9% lending drop

CML: November sees 9% lending drop

The CML estimates that gross mortgage lending reached £19.9 billion in November - 9% lower than October's lending total of £21.9 billion, but 23% higher than the £16.1 billion lent in November last year.

17 Dec 2015

Nationwide's Adrian Moloney joins OneSavings Bank

Nationwide's Adrian Moloney joins OneSavings Bank

OneSavings Bank, the specialist lending and retail savings group, has announced the appointment of Adrian Moloney as its new Sales Director in a bid to strengthen the bank's focus on the intermediary market.

17 Dec 2015

A third of remortgagors increase loan size

A third of remortgagors increase loan size

Nearly a third (31%) borrowers who remortgaged in November increased the size of their loan, according to the latest research by LMS.

17 Dec 2015

IMLA: brokers on track for record-breaking 2015

IMLA: brokers on track for record-breaking 2015

Intermediaries are on course to end 2015 having arranged a record-breaking share of new mortgages, according to IMLA.

17 Dec 2015

Accord BTL launches short-term fixes

Accord BTL launches short-term fixes

Accord Buy to Let has launched a range of short-term fixed rate mortgages for landlords looking to expand their portfolio, with £300 cashback on completion and free standard valuation.

17 Dec 2015

US Fed raises interest rates: industry reaction

US Fed raises interest rates: industry reaction

Yesterday, the US central bank announced a 0.25% increase in interest rates for the first time since the financial crisis to 0.5%.

17 Dec 2015

95% LTV products hit post-recession high

95% LTV products hit post-recession high

The number of 95% loan-to-value mortgage products rose by 84% year-on-year to 260 in November: the highest amount since the recession.

17 Dec 2015

Property millionaires up 14% in 2015

Property millionaires up 14% in 2015

The number of homeowners in Britain whose property is worth £1m or more - or 'property millionaires' - has increased by 75,796 (14%) since January, according to the latest research from Zoopla.

17 Dec 2015

Newcastle extends 'All in One' range to 95% LTV

Newcastle extends 'All in One' range to 95% LTV

Newcastle Intermediaries has extended its All in One mortgage proposition to include products up to 95% LTV, following its launch in the autumn.

16 Dec 2015

2016 - a distorted BTL market?

2016 - a distorted BTL market?

George Osborne dealt a hammer blow to the buy-to-let sector in his Autumn Statement with the news that higher rates of Stamp Duty will be charged on additional residential properties above £40,000, such as buy-to-let properties and second homes, from 1 April 2016. The higher rates will be 3% above the current Stamp Duty rates, with the Chancellor claiming that the tax receipts will help towards doubling the affordable housing budget and will also help first-time buyers.

16 Dec 2015

Tyrie raises concerns over sale of Northern Rock assets

Tyrie raises concerns over sale of Northern Rock assets

Rt. Hon Andrew Tyrie MP, Chairman of the Treasury Select Committee, has today written to Harriet Baldwin MP, Economic Secretary to the Treasury, for assurance that former Northern Rock assets have been sold to Cerberus at the correct price.

16 Dec 2015

Robo-adviser appoints CTO ahead of UK launch

Robo-adviser appoints CTO ahead of UK launch

MoneyFarm, the digital wealth management company, has appointed David Jeffery as Chief Technology Officer ahead of its UK launch.

16 Dec 2015

Key Retirement to close pension advice arm

Key Retirement to close pension advice arm

Key Retirement has announced the closure of its pension advisory business due to a lack of consumer demand.

16 Dec 2015

FHL launches new Limited Company proposition

FHL launches new Limited Company proposition

Foundation Home Loans has overhauled its products and criteria as part of a simplification of its BTL product range.

16 Dec 2015

Leeds BS appoints Head of Decision Support

Leeds BS appoints Head of Decision Support

Leeds Building Society has appointed Fraser Collins as Head of Decision Support.

16 Dec 2015

LendInvest expands BDM team

LendInvest expands BDM team

LendInvest, the online lender for short-term property finance, has appointed three new Business Development Managers to the company's expanding team.

16 Dec 2015

Precise Mortgages launches TV channel

Precise Mortgages launches TV channel

Precise Mortgages has launched a TV channel on its website featuring topical videos and case studies.

16 Dec 2015

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