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Brightstar and MTF announce partnership

Brightstar and MTF announce partnership

Brightstar is announcing the launch of its official people development partnership with MTF, days after being awarded the gold standard in Investors in People.

08 Dec 2015

Connect expands BDM team

Connect expands BDM team

Connect for Intermediaries has appointed Ed Maguire and Terry Singleton as BDMs for the packaging and distribution side of the business.

08 Dec 2015

Director receives 11-year ban for insurance mis-selling

Legal

Director receives 11-year ban for insurance mis-selling

David Stuart Picton has been disqualified from acting as a director for 11 years for mis-selling insurance policies to customers that were not underwritten by an insurer and without the appropriate authorisation from the FCA.

07 Dec 2015

Secure Trust Bank sells lending business in £235m deal

Secure Trust Bank sells lending business in £235m deal

Secure Trust Bank has agreed on the conditional sale of its non-standard consumer lending business, Everyday Loans, to Non Standard Finance.

07 Dec 2015

Enterprise Finance sees recognition for record sales

Enterprise Finance sees recognition for record sales

Enra Group, the parent company of Enterprise Finance and bridging lender West One Loans, has been named in the Sunday Times Virgin Fast Track 100.

07 Dec 2015

Cameron announces 'major expansion' of shared ownership

Cameron announces 'major expansion' of shared ownership

David Cameron will today announce plans to "radically re-invent" the shared ownership scheme - extending the scheme to an extra 175,000 people and aiming to create a million more homeowners over the next five years.

07 Dec 2015

Record numbers rely on employers for retirement advice

Record numbers rely on employers for retirement advice

13% of non-retired people - the equivalent of 4.8 million people - are looking to their employers for advice on retirement planning, up from 9% in 2014 and 7% in 2013.

07 Dec 2015

Paragon Bank deposits hit £1 billion

Paragon Bank deposits hit £1 billion

The value of savings deposits held by Paragon Bank has topped the £1 billion mark since its launch in February 2014.

07 Dec 2015

The Loans Engine receives FCA approval ahead of MCD

The Loans Engine receives FCA approval ahead of MCD

The Loans Engine has received formal confirmation from the FCA that its application for the permissions necessary to continue broking second charge mortgages, on the implementation of the Mortgage Credit Directive, has been approved.

07 Dec 2015

NAB announces terms of Clydesdale demerger and IPO

NAB announces terms of Clydesdale demerger and IPO

NAB's shareholders will convene to vote on a scheme of arrangement for the proposed demerger of Clydesdale and Yorkshire Banks on Wednesday 27 January.

07 Dec 2015

 

PRA approves Solvency II models for 19 insurers

PRA approves Solvency II models for 19 insurers

The PRA has published a list of 19 insurers whose full or partial internal models have been approved for use under Solvency II from 1 January 2016.

07 Dec 2015

Promise completes integration with Precise

Promise completes integration with Precise

Promise Solutions has just completed its integration with Precise Mortgages which allows data to be instantly passed from its sourcing system, Loan Brain.

07 Dec 2015

Stamp duty changes save average homebuyer £4,500

Stamp duty changes save average homebuyer £4,500

The average home buyer is £4,500 better-off under the new progressive structure of stamp duty introduced on 4 December 2014, according to Halifax.

07 Dec 2015

In the Spotlight with Benson Hersch, ASTL

In the Spotlight with Benson Hersch, ASTL

We spoke to Benson Hersch, CEO of the ASTL, about the changing definition of bridging and what changes we can expect to see to the sector in 2016.

04 Dec 2015

We need to banish sub prime!

We need to banish sub prime!

I saw an article in one of the national papers the other day heralding the return of mortgages for people with an impaired credit history under the heading: 'Sub-prime mortgages make surprise comeback in the UK'.

04 Dec 2015

Responsible Equity Release launches new broker platform

Responsible Equity Release launches new broker platform

Responsible Equity Release has developed a new web platform and online toolbox for brokers looking to get involved in the market.

04 Dec 2015

Stonebridge recruits three advisory firms from L&G Network

Stonebridge recruits three advisory firms from L&G Network

Stonebridge Group, the mortgage and insurance network, has today announced the recruitment of three advisory firms from the Legal & General Network.

04 Dec 2015

Accord joins MCI panel

Accord joins MCI panel

Accord, the intermediary-only arm of Yorkshire Building Society, is the latest lender to join MCI's panel which now includes Nationwide, Virgin Money, NatWest and Lloyds Banking Group.

04 Dec 2015

Osborne extends Lloyds trading plan

Osborne extends Lloyds trading plan

The Chancellor has extended the Lloyds trading plan for a further six months.

04 Dec 2015

LendInvest to launch development finance offering

LendInvest to launch development finance offering

LendInvest has appointed Steve Larkin, an RBS real estate veteran, to launch the company's first development finance product for experienced property entrepreneurs in response to demand from both borrowers and investors.

04 Dec 2015

Retirees underestimate property wealth by £90,000

Retirees underestimate property wealth by £90,000

Three in five older homeowners (60%) have not had their house valued since they first bought it almost 18 years ago, according to new research by the Equity Release Council.

04 Dec 2015

House price growth to slow to 4-6% in 2016

House price growth to slow to 4-6% in 2016

Annual house price growth could slow to as little as 4% by the end of 2016, according to the Halifax UK Housing Market Outlook for 2016.

04 Dec 2015

North-South repossession gap closes 80%

shutterstock_69404605.jpg

North-South repossession gap closes 80%

The gap between home repossessions in the North and South has closed by 80% since the recession, according to e.surv.

04 Dec 2015

2016: the year the industry embraces second charge?

2016: the year the industry embraces second charge?

The shops have been playing Slade and Wizzard for the past six weeks, the television adverts advising consumers to join a savings club for next year's festivities have begun, and we're all already feeling slightly jaded from one too many work nights out. It can only mean one thing, Christmas time is upon us.

03 Dec 2015

DB transfer numbers hits new high

DB transfer numbers hits new high

According to the latest research from Xafinity, during October and November 2015 there was an increase in the number of members who chose to accept a transfer value from their defined benefit pension scheme.

03 Dec 2015

FCA: insurance renewals must show last year's premium

FCA: insurance renewals must show last year's premium

The Financial Conduct Authority has today published proposals to require general insurance providers to publish details of last year's premium on renewal notices.

03 Dec 2015

Barclays CEO of Mortgages to resign

Barclays CEO of Mortgages to resign

Barclays has announced that Steve Weston, CEO of Mortgages, will step down at the end of December. A replacement has not yet been announced.

03 Dec 2015

BTL tax changes trigger limited company lending surge

BTL tax changes trigger limited company lending surge

Changes to the tax treatment of landlords have already triggered a surge in landlords borrowing through companies, and further changes will follow the Autumn Statement, according to the third edition of Kent Reliance's Buy To Let Britain report.

03 Dec 2015

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