Latest News

OneFamily Lifetime Mortgages joins the Equity Release Council

OneFamily Lifetime Mortgages joins the Equity Release Council

The Equity Release Council has welcomed OneFamily Lifetime Mortgages to its membership after the new provider launched its first lifetime mortgage products earlier this month.

23 May 2016

Aegon launches digital service for protection applications

Aegon launches digital service for protection applications

Aegon UK has today launched a new digital document service to speed up protection applications for advisers and their clients. Illustrations and acceptance terms will now be sent electronically, reducing the processing time overall.

23 May 2016

TSB cuts high-LTV rates by up to 40bps

TSB cuts high-LTV rates by up to 40bps

TSB has cut high-LTV rates across a range of mortgages and is also dropping rates for remortgagors with a low LTV.

20 May 2016

Freedom Finance completes record £17.9m in April

Freedom Finance completes record £17.9m in April

Freedom Finance has reported two consecutive months of record lending for March and April.

20 May 2016

The Mortgage Lender receives FCA authorisation

The Mortgage Lender receives FCA authorisation

The Mortgage Lender has moved closer to launch after receiving its FCA authorisation.

20 May 2016

Bridging lending soars by 56% in Q1

Bridging lending soars by 56% in Q1

Annual gross bridging lending hit £125.35 million in Q1 2016 - an annual increase of 56% (£80.47 million), and a 3.4% increase on Q4 2015.

20 May 2016

Northern regions bear brunt of April mortgage slump

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Northern regions bear brunt of April mortgage slump

Scotland and the North West have been hit the hardest by April's mortgage sales slump, with Northern Ireland the only region to report sales growth at 2.7%.

20 May 2016

The Right Mortgage launches referral service and weekly commissions

The Right Mortgage launches referral service and weekly commissions

The Right Mortgage & Protection Network has announced the launch of a new referral service, and confirmed that has started paying commissions on a weekly basis.

20 May 2016

To advise or not to advise?

To advise or not to advise?

To advise or not to advise. That's the big question in the mortgage industry at present.

20 May 2016

Together appoints non-executive director to retail board

Together appoints non-executive director to retail board

Together has appointed Colin Kersley to its retail board as an independent non-executive director.

20 May 2016

 

Remortgagors opt for lower monthly payments over equity release

Remortgagors opt for lower monthly payments over equity release

Remortgagors are increasingly choosing to reduce their monthly payments rather than using it as a tool for debt reduction or increasing the size of their loan.

20 May 2016

TFC adds Kensington to panel

TFC adds Kensington to panel

TFC Homeloans has added Kensington to its panel of lenders.

20 May 2016

HLP launches integrated home insurance solution

HLP launches integrated home insurance solution

HLPartnership is integrating Uinsure into its cloud-based fact find, complementing its built in mortgage and protection sourcing.

19 May 2016

Barclays raises rental calculation to 145%

Barclays raises rental calculation to 145%

Barclays has announced that it is increasing its rental coverage ratio from 135% to 145%.

19 May 2016

BoE Chief Economist: I can't make the remotest sense of pensions

BoE Chief Economist: I can't make the remotest sense of pensions

The Bank of England's Chief Economist Andy Haldane has admitted that financial products are more complex than necessary, stating that he doesn't understand pensions and that experts and IFAs "have no clue either".

19 May 2016

FCA bans former Keydata compliance officer

FCA bans former Keydata compliance officer

The FCA has banned Peter Johnson, former compliance officer of Keydata Investment Services, but he has escaped a £200,000 fine due to "serious financial hardship".

19 May 2016

Monthly lending drops 29% after 'false peak' in March

Monthly lending drops 29% after 'false peak' in March

Gross mortgage lending hit £18.5 billion in April - 29% lower than March's £26.2 billion but the highest lending total for an April since 2008, according to CML estimates.

19 May 2016

CML: starter homes initiative could increase lending risks

CML: starter homes initiative could increase lending risks

The Council of Mortgage Lenders has raised concerns over the starter homes initiative, stating that the government's targets are unachievable and that it could make lending more risky.

19 May 2016

Skipton launches new residential fixed rates

Skipton launches new residential fixed rates

Skipton Building Society has launched a revised range of 2 and 5 year fixed rate residential mortgages, with rates lowered by up to 0.17%.

19 May 2016

Hope Capital expands BDM team in growth drive

Hope Capital expands BDM team in growth drive

Hope Capital has announced plans to double its loan book this year as it appoints a BDM for Midlands and the North.

19 May 2016

FSE Manchester: Advisers losing £3.7m of monthly GI income

FSE Manchester: Advisers losing £3.7m of monthly GI income

UK mortgage advisers are missing out on millions of pounds of potential income from General Insurance sales each year, says Uinsure's Jason Berry.

19 May 2016

FSE Manchester: Rate rise to spark second charge boost

FSE Manchester: Rate rise to spark second charge boost

An increase in Bank Base Rate would provide a 'real boost' to the second-charge mortgage market, according to panel members at yesterday's FSE Manchester.

19 May 2016

FSE Manchester: Panel slams two 'woeful' sourcing systems

FSE Manchester: Panel slams two 'woeful' sourcing systems

Members of a panel discussing the second-charge mortgage market at today's FSE Manchester have slammed the two major sourcing systems for 'woefully letting the industry down' when it comes to the inclusion of second-charge product sourcing capability within their products.

18 May 2016

Protection distribution firms launch lobby group

Protection distribution firms launch lobby group

Ten UK intermediary firms are joining forces in a bid to improve the protection market for consumers.

18 May 2016

FSE Manchester: Industry dispels BTL stress test worries

FSE Manchester: Industry dispels BTL stress test worries

Increases in buy-to-let stress test levels should not be viewed as an 'Armageddon moment' for the sector, according to David Whittaker, Managing Director of Mortgages for Business.

18 May 2016

Pensions Bill to create new guidance bodies

Pensions Bill to create new guidance bodies

The Pensions Bill announced in today's Queen's Speech has revealed the creation of two new pensions guidance bodies which aim to restructure the delivery of financial guidance to consumers.

18 May 2016

FSE Manchester: Brexit biggest threat to economy, says Malone

FSE Manchester: Brexit biggest threat to economy, says Malone

A large majority of intermediaries believe a leaving the EU will have a negative impact on the UK economy.

18 May 2016

Specialist equity release panel launched at Sesame

Specialist equity release panel launched at Sesame

Sesame and PMS have announced this morning that they can now refer their customers to a new panel of equity release brokers which aims to bolster their specialist lending panels.

18 May 2016

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