Latest News

L&G Mortgage Club sales hit £46bn in 2015

L&G Mortgage Club sales hit £46bn in 2015

Legal & General Mortgage Club has announced 15% sales growth in 2015 with £46 billion of sales through its partnerships with lenders and over 6,000 mortgage brokers.

12 Feb 2016

BoE considering Shari'ah compliant liquidity facilities

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BoE considering Shari'ah compliant liquidity facilities

The Bank of England has published a consultation paper on establishing Shari'ah compliant liquidity facilities. The paper presents the preliminary findings of the feasibility study it commenced in the second half of 2015, and seeks stakeholders' views on the options identified.

12 Feb 2016

CBI downgrades GDP growth forecasts

CBI downgrades GDP growth forecasts

The CBI has downgraded its GDP growth forecast for both 2016 (to 2.3%, from 2.6% in November) and 2017 (to 2.1%, down from 2.4%).

12 Feb 2016

Nationwide mortgage lending up 16%

Nationwide mortgage lending up 16%

Nationwide has reported that gross mortgage lending increased by 16% in the nine months to 31 December 2015 to reach £23.6 billion, representing a market share of 13.5%.

12 Feb 2016

Rob Jupp: Judge mortgages like life assurance

Rob Jupp: Judge mortgages like life assurance

There are some things about our mortgage market that work really well - and other things that struggle to work at all. The way that people with impaired credit are treated is something that really does not work well and it is time that this changed.

11 Feb 2016

RICS: housing market activity buoyant in January

RICS: housing market activity buoyant in January

New buyer enquiries rose for the tenth successive month in January, according to the latest UK Residential Market Survey.

11 Feb 2016

Zopa announces Innovative Finance ISA details

Zopa announces Innovative Finance ISA details

Zopa has confirmed that it is prepared to launch its Innovative Finance ISA from the 6th of April, and will offer the same rates as on its standard products, with no additional fees or charges.

11 Feb 2016

Adviser business volumes at seven-year high

Adviser business volumes at seven-year high

The mortgage market grew in Q4 2015, with confidence among advisers at the highest levels seen since the onset of the financial crisis, according to Paragon Mortgages.

11 Feb 2016

Countrywide appoints former Royal Mail Chief

Countrywide appoints former Royal Mail Chief

Countrywide has announced that Peter Long, former Royal Mail Chairman, has been appointed as Non-Executive Director and will replace Grenville Turner as Non-Executive Chairman on 27th April.

11 Feb 2016

Twenty7Tec launches MCD compliant system

Twenty7Tec launches MCD compliant system

Twenty7Tec Group's systems are now fully compliant with the forthcoming Mortgage Credit Directive.

11 Feb 2016

 

Govt to cap pension exit fees by March 2017

Govt to cap pension exit fees by March 2017

The government has confirmed that it will limit early exit charges for pensions by introducing legislation which requires the FCA to cap early exit charges; and by mirroring these requirements for trust-based schemes.

11 Feb 2016

ASTL: bridging lending hits £2.59bn in 2015

ASTL: bridging lending hits £2.59bn in 2015

£2.59bn of bridging loans were written by ASTL members in 2015 - an annual increase of 13.8%.

11 Feb 2016

Halifax: fixed and variable rate gap widens 'significantly'

Halifax: fixed and variable rate gap widens 'significantly'

Fixed rate mortgages fell to their lowest levels in 2015, whilst the standard variable rate remained static, according to Halifax.

11 Feb 2016

Buy-to-let surge pushes approvals to nine-year high

Buy-to-let surge pushes approvals to nine-year high

A surge in buy-to-let mortgage approvals ahead of stamp duty changes has taken home lending to its highest peak in nine years.

11 Feb 2016

TMA announces three key appointments

TMA announces three key appointments

TMA has increased the number of staff in its immediate team by 30% with three new appointments.

11 Feb 2016

NIESR: fall in GDP growth indicates 'subdued' 2016

NIESR: fall in GDP growth indicates 'subdued' 2016

NIESR's monthly estimates of GDP suggest that output grew by 0.4% in the three months ending in January 2016 after growth of 0.5% in the three months ending in December 2015.

10 Feb 2016

IFISA falls short of expectation

IFISA falls short of expectation

More work is needed for legislation to succeed, says Goji Managing Director and Co-founder Jake Wombwell-Povey.

10 Feb 2016

Barclays appoints former JP Morgan exec as COO

Barclays appoints former JP Morgan exec as COO

Barclays has appointed former JP Morgan Chase executive Paul Compton as Group Chief Operating Officer.

10 Feb 2016

P2P industry slams FSA chair's P2P critique

P2P industry slams FSA chair's P2P critique

Former FSA chair Adair Turner today argued that "the losses which will emerge from peer-to-peer lending over the next five to 10 years will make the bankers look like lending geniuses".

10 Feb 2016

EU regulators announce one year MiFID II delay

EU regulators announce one year MiFID II delay

The European Commission has proposed a one year extension for firms to comply with MiFID II.

10 Feb 2016

Castle Trust launches Flex to Buy mortgage

Castle Trust launches Flex to Buy mortgage

Castle Trust Capital has launched a new Flex to Buy mortgage for landlords who want to complete quickly on new purchases when the opportunity arises.

10 Feb 2016

New intermediary-only lender expands senior team

New intermediary-only lender expands senior team

New challenger brand mortgage lender Belmont Green has appointed former Bank of Ireland Director, Michael Cook, as Director of Products and Customer Proposition.

10 Feb 2016

Equity Release Supermarket expands management team

Equity Release Supermarket expands management team

Equity Release Supermarket has completed its management team with the promotion of Graham Evans to the role of Head of Compliance.

10 Feb 2016

Newcastle Intermediaries launches 95% LTV product

Newcastle Intermediaries launches 95% LTV product

Newcastle Intermediaries has introduced a two year fixed rate product at 3.59% up to 95% LTV.

10 Feb 2016

Industry urges return to mandatory drawdown reviews

Industry urges return to mandatory drawdown reviews

The removal of mandatory income reviews could be leaving thousands of drawdown clients risking their pension money and remaining in unsuitable funds, according to Just Retirement.

10 Feb 2016

Nemo Personal Finance ceases lending

Nemo Personal Finance ceases lending

Principality Group has announced that Nemo Personal Finance will cease new lending after failing to find a buyer.

10 Feb 2016

Royal London announces record life and pensions growth

Royal London announces record life and pensions growth

Royal London has announced record new business growth in 2015, with a 40% rise in new life and pensions business to £6,774 million.

10 Feb 2016

Pension ISAs face further industry criticism

Pension ISAs face further industry criticism

The Chief Executive of Royal London has described George Osborne's plan to introduce ISA style pensions as 'reckless', arguing that the idea is a 'huge gamble' that will turn people away from long term saving.

10 Feb 2016

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