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'Bank of Mum and Dad' to lend £5bn in 2016

'Bank of Mum and Dad' to lend £5bn in 2016

The 'Bank of Mum and Dad' is on track to lend over £5 billion in 2016, making it the equivalent of a top 10 mortgage lender in the UK.

03 May 2016

Newcastle Intermediaries launches BTL exclusive

Newcastle Intermediaries launches BTL exclusive

Newcastle Intermediaries has updated its buy-to-let range with a remortgage exclusive product.

03 May 2016

Promise partners with Personal Touch for second charge

Promise partners with Personal Touch for second charge

Promise Solutions has joined the panel of Personal Touch Financial Services to provide second charge loans.

03 May 2016

Adviser numbers to drop despite increasing demand

Adviser numbers to drop despite increasing demand

More than half of financial advisers (51%) expect the number of advisers operating in the UK to shrink this year, despite half turning away up to five potential customers a month as demand exceeds supply.

03 May 2016

SMS launches new online service for specialist products

SMS launches new online service for specialist products

Solent Mortgage Services has unveiled its new front end online system which aims to speed up research and processing for specialist products.

03 May 2016

HSBC profits drop 14% in Q1

HSBC profits drop 14% in Q1

HSBC has reported Q1 profits of $6.1bn (£4.17bn) - a 14% annual drop which the bank attributed to 'challenging market conditions'.

03 May 2016

Employment rates affect house prices by up to £70,000

Employment rates affect house prices by up to £70,000

The gap in house prices between areas with the highest and lowest levels of unemployment has widened significantly over the past 10 years, according to research from Lloyds Bank.

02 May 2016

Later life advice - a one stop shop or a halfway house?

Later life advice - a one stop shop or a halfway house?

Over the years it's fair to say that lenders/providers and their advisory colleagues have not always seen eye to eye. I can remember the days, particularly in the mortgage market, where both sides appeared not just to be at loggerheads but close to all-out 'war'. To say there was a disconnect between the two would be something of an understatement, and it appeared that (at various times) both felt they could live without the other - although how this could ever have been seen as feasible is beyond me.

29 Apr 2016

Record £3.6bn paid in protection claims last year

Record £3.6bn paid in protection claims last year

A record £3.6bn was paid last year in protection insurance claims, the equivalent of £10m a day, according to ABI figures.

29 Apr 2016

Masthaven announces new COO as Stuart Aitken retires

Masthaven announces new COO as Stuart Aitken retires

Stuart Aitken, Chief Operating Officer for Masthaven, is to retire next month after four years with the Group and will be succeeded by Al Southall.

29 Apr 2016

 

Accord reduces minimum property value for BTL

Accord reduces minimum property value for BTL

Accord Buy to Let has made changes to its lending offering aimed at landlords looking to invest in lower value properties.

29 Apr 2016

MP report criticises Right to Buy extension

MP report criticises Right to Buy extension

A report from the Public Accounts Committee has criticised the Right to Buy extension, arguing that despite the implications and complexity of this policy, the government has not clarified many key details.

29 Apr 2016

BoE: lending increases by £9.3bn in March

BoE: lending increases by £9.3bn in March

Total lending to individuals increased by £9.3 billion in March, compared to the average of £5 billion over the previous six months, according to the latest Bank of England Money and Credit report.

29 Apr 2016

Just 35% of remortgagors consult a broker

Just 35% of remortgagors consult a broker

The number of remortgagors consulting brokers has declined since the start of the year, falling to just 35% in March - the lowest amount since September last year.

29 Apr 2016

RBS posts £968m loss after govt dividend payment

RBS posts £968m loss after govt dividend payment

RBS has reported a loss of £968 million in Q1 compared with £459 million in Q1 2015, primarily due to payment of the final Dividend Access Share dividend of £1,193 million to the government.

29 Apr 2016

RBS risks missing Williams & Glyn separation deadline

RBS risks missing Williams & Glyn separation deadline

RBS has announced "that there is a significant risk" the separation and divestment of Williams & Glyn will not be achieved by 31 December 2017, and is currently exploring alternative means.

29 Apr 2016

Precise to launch direct to broker seconds proposition

Precise to launch direct to broker seconds proposition

Precise Mortgages is launching a direct to broker second charge proposition on 5th May, with brokers receiving a procuration fee of 1.25% for direct business.

29 Apr 2016

Homeownership aspirations causing retirement worries

Homeownership aspirations causing retirement worries

Delays in getting onto the housing ladder are leading to increasing retirement worries for many, according to Halifax.

29 Apr 2016

FTB transactions leap by almost half in March

FTB transactions leap by almost half in March

The total number of completed first-time buyer transactions in March rose to 32,500 - the highest monthly total since June 2014.

29 Apr 2016

Virgin Money launches 1.84% HTB rate

Virgin Money launches 1.84% HTB rate

Virgin Money has reduced Help to Buy equity loan rates by up to 0.21%, with a two-year fixed rate now available from 1.84%.

28 Apr 2016

Barclays breach leads to refund for PPI customers

Barclays breach leads to refund for PPI customers

Barclays has sent out apology letters after failing to send annual statements to around 10,000 PPI customers - breaching a CMA order.

28 Apr 2016

EU Referendum: what it means for the mortgage market

EU Referendum: what it means for the mortgage market

Even if you were trying your hardest, it would be pretty much impossible to ignore the EU Referendum debate currently taking place. Over the past couple of weeks both Leave and Remain campaigns have kicked on a notch as they embark on their strategy to win the vote that takes place on the 23rd June.

28 Apr 2016

Just Mortgages completes transition to Openwork

Just Mortgages completes transition to Openwork

Openwork has announced that Just Mortgages Direct has now officially transitioned to the network, becoming its largest mortgage-focused Appointed Representative firm.

28 Apr 2016

Just 7% of advisers back SIPP provider "interest turn"

Just 7% of advisers back SIPP provider "interest turn"

Only 7% of retirement advisers think SIPP providers should be allowed to earn money from retained interest charges in projections and reduction in yield calculations - the so-called "interest turn" from SIPP cash accounts.

28 Apr 2016

New BTL underwriting rules to cause surge in activity

New BTL underwriting rules to cause surge in activity

Fleet Mortgages believes the introduction of new underwriting rules for buy-to-let lenders by the PRA could spark a "significant increase in market activity" as landlords seek to secure finance pre-intervention.

28 Apr 2016

Kensington Mortgages prices £350m securitisation

Kensington Mortgages prices £350m securitisation

Kensington Mortgages has raised further funding in the capital markets through a new securitisation, known as Finsbury Square 2016-1.

28 Apr 2016

Land Registry: house prices fall 0.5% in March

Land Registry: house prices fall 0.5% in March

Heightened activity ahead of the stamp duty rise wasn't enough to lift overall UK house prices, which fell by 0.5% between February and March, according to Land Registry data.

28 Apr 2016

The Mortgage Lender reveals distributor panel

The Mortgage Lender reveals distributor panel

The Mortgage Lender has partnered with eight specialist distributors ahead of its launch next month.

28 Apr 2016

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