Latest News

BBA: mortgage borrowing up 24% to hit £12.4bn

BBA: mortgage borrowing up 24% to hit £12.4bn

Gross mortgage borrowing reached £12.4 billion in December - 24% higher than December 2014, according to the latest BBA lending figures.

27 Jan 2016

Nationwide: house price growth to accelerate in 2016

Nationwide: house price growth to accelerate in 2016

House prices increased by 0.3% in January, while annual house price growth remained stable at 4.4%, according to the latest Nationwide house price index.

27 Jan 2016

RBS sets aside £2.5bn in mortgage and PPI provisions

RBS sets aside £2.5bn in mortgage and PPI provisions

RBS has announced a total of £2.5bn in new provisions, and is putting £4.2bn into its pension scheme, to cover an accounting deficit - a move that will cause the bank to make a loss in 2015.

27 Jan 2016

IRESS enhances technology solutions ahead of MCD

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IRESS enhances technology solutions ahead of MCD

IRESS has enhanced its technology solutions to help brokers prepare ahead of the Mortgage Credit Directive.

27 Jan 2016

Advisers call for more retirement lending options

Advisers call for more retirement lending options

Nearly half of advisers (46%) say offering more retirement lending solutions would help maintain the strong growth in the market, according to research from Bower Retirement Services.

27 Jan 2016

Barclays backs trade body merger

Barclays backs trade body merger

Barclays has confirmed its support for the proposed merger of the BBA and the CML to form a new trade body.

27 Jan 2016

Average house deposit soars to over £80,000

Average house deposit soars to over £80,000

The average house purchase deposit rose to over £80,000 in December, according to Mortgage Advice Bureau - the highest figure recorded by MAB's National Mortgage Index since it began in January 2009.

27 Jan 2016

Lean on your club for support this year

Lean on your club for support this year

It's set to be an interesting year for the intermediary market. MCD regulation comes into effect in just a few weeks and for certain corners of the market - particularly specialist lending - it's all change.

26 Jan 2016

Leeds BS announces HTB London rates

Leeds BS announces HTB London rates

The first HTB London mortgages from Leeds Building Society will launch on Monday, 1st February.

26 Jan 2016

Dragonfly expands BDM team

Dragonfly expands BDM team

Dragonfly Property Finance, part of the Octopus group, has announced the addition of two more External BDMs to its team.

26 Jan 2016

 

HSBC to leave CML ahead of trade body merger

HSBC to leave CML ahead of trade body merger

HSBC has announced that it will leave the Council of Mortgage Lenders at the end of this year ahead of the proposed creation of a new trade association.

26 Jan 2016

Will Right to Buy 'disrupt a well functioning sector'?

Will Right to Buy 'disrupt a well functioning sector'?

Following the announcement yesterday that the government's Right to Buy scheme will pilot with five housing associations, Stephen Smith, Director of Legal & General Housing Partnerships, has called the extension of the policy 'unfortunate', claiming that the scheme will reduce the availability of affordable homes.

26 Jan 2016

Potential value of equity release market hits £361bn

Potential value of equity release market hits £361bn

The potential wealth available to over 55s in the UK through equity release stands at £361bn, according to new research from Retirement Advantage.

26 Jan 2016

Majority of advisers sceptical about robo-advice

Majority of advisers sceptical about robo-advice

Advisers are split as to whether robo-advice will become mainstream in future with just under half (48%) believing it will be widely adopted, according to research from Aegon UK.

26 Jan 2016

BoE's Andrew Bailey appointed CEO of the FCA

BoE's Andrew Bailey appointed CEO of the FCA

Bank of England Deputy Governor Andrew Bailey has been appointed as the new CEO of the Financial Conduct Authority and will leave the Bank after 30 years of service.

26 Jan 2016

Pension schemes 'slow to embrace drawdown'

Pension schemes 'slow to embrace drawdown'

Nearly two-thirds (61%) of trust-based pension schemes have yet to provide access to a Flexi Access Drawdown Facility for their members, according to research by Willis Towers Watson.

26 Jan 2016

Equity withdrawn through remortgaging at nine-year high

Equity withdrawn through remortgaging at nine-year high

The total amount of equity withdrawn through remortgaging hit £837m in December, up 32% from December 2014's £635m, according to research from LMS.

26 Jan 2016

Pepper Homeloans appoints Colin Snowdon as MD

Pepper Homeloans appoints Colin Snowdon as MD

Pepper Homeloans has announced that Colin Snowdon will be joining the organisation as Managing Director on the 1st February.

25 Jan 2016

Government launches Right to Buy pilot

Government launches Right to Buy pilot

From today, the first housing association tenants will be able to apply for the new Right to Buy scheme as part of a pilot that is being run by 5 housing associations ahead of the national rollout later this year.

25 Jan 2016

New credit scoring platform utilises online data

New credit scoring platform utilises online data

A new cloud-based credit scoring service has launched in UK, aiming to improve loan quality and acceptance rates through the use of big data.

25 Jan 2016

90% of lenders say they are 'in the midst of a price war'

90% of lenders say they are 'in the midst of a price war'

Target Group, the financial services outsourcing and software provider, has revealed that 9 in 10 (90%) banks, building societies and P2P lenders believe that the UK lending market is in the midst of a price war.

25 Jan 2016

Virgin Money increases Defined Access ISA rates

Virgin Money increases Defined Access ISA rates

Virgin Money is increasing the variable interest rate on its Defined Access ISA to 1.51%.

25 Jan 2016

Sesame expands adviser support team

Sesame expands adviser support team

Sesame Bankhall Group is expanding support for its members with the appointment of Jeff Woods as business development director.

25 Jan 2016

Fleet Mortgages places £1.2bn in first year

Fleet Mortgages places £1.2bn in first year

Fleet Mortgages has announced that £1.2 billion of business flowed through its system in its first year of lending.

25 Jan 2016

V Loans launches second charge advisory service

V Loans launches second charge advisory service

V Loans has announced the launch of its MCD-ready second charge advisory service.

25 Jan 2016

more 2 life introduces flexible repayment plan

more 2 life introduces flexible repayment plan

Lifetime mortgage lender more 2 life is introducing a flexible repayment option to its Premier Choice plan.

25 Jan 2016

Equity release lending hits record high in Q4

Equity release lending hits record high in Q4

Retirees unlocked a record amount of housing wealth via drawdown lifetime mortgages in Q4 2015, pushing annual equity release lending to a new high of £1.61bn, according to year-end results from the Equity Release Council.

25 Jan 2016

In the Spotlight with Graham Donald, Equiniti Pancredit

In the Spotlight with Graham Donald, Equiniti Pancredit

We spoke to Graham Donald, Managing Director of Equiniti Pancredit, about the regulation of the consumer credit industry and Equiniti Pancredit's upcoming plans.

22 Jan 2016

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