Latest News

Marsden BS revamps 'older borrowers' portfolio

Marsden BS revamps 'older borrowers' portfolio

Marsden Building Society has launched a new 'older borrowers' portfolio to its intermediary panel, aimed at increasing eligibility for those aged between 55 and 85 years.

02 Mar 2016

Virgin Money profits soar 53%

Virgin Money profits soar 53%

Virgin Money's profit before tax rose by 53% to £160.3 million in 2015.

02 Mar 2016

High Street banks plan £17bn Bradford & Bingley deal

High Street banks plan £17bn Bradford & Bingley deal

Six High Street lenders are preparing a deal with The Treasury to offload £17bn of Bradford & Bingley loans.

01 Mar 2016

93% of councils say Starter Homes won't help affordable housing needs

93% of councils say Starter Homes won't help affordable housing needs

Just 7% of councils think that the Government's Starter Homes will help to address the need for affordable housing, and 80% don't believe they should be classified as affordable housing.

01 Mar 2016

Advisers urged to conduct platform due diligence

Advisers urged to conduct platform due diligence

Advisers need to be able to justify how a platform's service benefits their clients either directly or indirectly to satisfy their due diligence requirements, according to Nucleus.

01 Mar 2016

UK 'woefully under-protected' against critical illness

UK 'woefully under-protected' against critical illness

Just 8% of Britons have critical illness insurance compared to a third who have life cover, despite being four times more likely to claim on a critical illness policy than a life insurance policy before the age of 65.

01 Mar 2016

Former CBI chief to lead State Pension age review

Former CBI chief to lead State Pension age review

John Cridland, former Director General of the CBI, has been appointed as independent reviewer of State Pension age, with the government considering the recommendations by May 2017.

01 Mar 2016

Scottish Widows to remove workplace pension exit fees

Scottish Widows to remove workplace pension exit fees

Scottish Widows has today announced that it will be removing all exit fees across its workplace pensions, allowing customers the freedom to switch to another product or provider without incurring a charge.

01 Mar 2016

FCA to publish GI claims scorecards

FCA to publish GI claims scorecards

The FCA has announced that it will pilot the publication of general insurance 'scorecards' on its website, enabling people to compare both products and firms.

01 Mar 2016

Legal ruling 'opens floodgates for pension liberation scams'

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Legal ruling 'opens floodgates for pension liberation scams'

Equiniti has warned the recent High Court judgment regarding pension transfers "leaves the gates wide open for criminals".

01 Mar 2016

 

Kent Reliance loosens self-employed criteria

Kent Reliance loosens self-employed criteria

Kent Reliance will now consider standard residential mortgage applications from professional self-employed applicants who have been trading for a minimum of 12 months, down from 36 months.

01 Mar 2016

Financial Reporter launches Specialist Lending Roadshow

Financial Reporter launches Specialist Lending Roadshow

Financial Reporter is delighted to announce the launch of its Specialist Lending Roadshow, a series of events held at venues across the UK which aim to give intermediaries a better understanding of specialist lending in order to boost their client offering.

01 Mar 2016

Countrywide invests in The Buy to Let Business

Countrywide invests in The Buy to Let Business

Countrywide has made a "significant investment" in The Buy to Let Business in a bid to enhance its offering in the buy to let and private rental sectors.

01 Mar 2016

Just Mortgages launches self-employed division

Just Mortgages launches self-employed division

Just Mortgages has launched a new self-employed division to cater for mortgage brokers who would prefer to run their own businesses.

01 Mar 2016

Barclays to restructure after 8% fall in profits

Barclays to restructure after 8% fall in profits

Barclays has announced an 8% fall in statutory profit before tax to £2.1bn in 2015.

01 Mar 2016

LendInvest accepting new applications ahead of stamp duty hike

LendInvest accepting new applications ahead of stamp duty hike

LendInvest has confirmed that it is still accepting applications for loans to finance purchases that could complete before the 3% Stamp Duty Land Tax increase that comes into effect for landlords and developers on 1 April.

01 Mar 2016

Connect adds Axis Bank to panel

Connect adds Axis Bank to panel

Connect for Intermediaries has added Axis Bank to its panel of mortgage lenders.

01 Mar 2016

Self-cert: a nightmare come true?

Self-cert: a nightmare come true?

You would perhaps have needed to be on an extraordinarily long Christmas holiday break, or had your head buried in the sand, to be a mortgage stakeholder and not have come across www.selfcert.co.uk recently.

29 Feb 2016

The many faces of equity release

The many faces of equity release

What do most people think of when they think about equity release? The average homeowner would most likely think that equity release is something they would hope to avoid, something only people in financial difficulty have to consider, and something that should only be used as a last resort. It is true that products like the lifetime mortgage can be accessed to clear lingering mortgage debt and can act as a real financial safety net for those who find themselves in tough times; however, the varied uses and flexible nature of the lifetime mortgage and other products in the equity release stable are often overlooked.

29 Feb 2016

PRA and FCA: smaller firms should not face bonus cap

PRA and FCA: smaller firms should not face bonus cap

The PRA and FCA have notified the European Banking Authority that they will not comply with plans to apply bonus caps 'to all firms subject to the Capital Requirements Directive'.

29 Feb 2016

Accord cuts BTL remortgage rates

Accord cuts BTL remortgage rates

Accord Buy to Let has cut rates by up to 0.15% on its range of two-year fixed rate 75% LTV mortgages.

29 Feb 2016

NAEA: housing supply at 14-year low

NAEA: housing supply at 14-year low

The supply of available housing is at its lowest level in 14 years, according to the NAEA.

29 Feb 2016

Four in five expect further rate rise delays

Four in five expect further rate rise delays

The proportion of remortgagors who believe interest rates will rise in the near future has dropped from 25% in December 2015 to 22% in January 2016, due to global economic uncertainty and the possibility of a Brexit in 2016.

29 Feb 2016

BoE: mortgage approvals see monthly surge

BoE: mortgage approvals see monthly surge

Total mortgage lending to individuals increased by £5.3 billion in January compared to £4.4 billion in December, according to the latest Bank of England Money and Credit report.

29 Feb 2016

IFISA to allow pre-existing ISA transfers across platforms

IFISA to allow pre-existing ISA transfers across platforms

Investors may be able to transfer unlimited funds from pre-existing ISAs into IFISAs, and hold multiple IFISAs with different peer-to-peer platforms to accommodate these 'old' ISA monies, according to Lending Works.

29 Feb 2016

Equity release sector urged to build adviser confidence

Equity release sector urged to build adviser confidence

Lenders and distributors need to demonstrate the increasing flexibility of equity release to help build greater confidence among advisers, according to Mark Gregory, Managing Director at Equity Release Supermarket.

29 Feb 2016

In the Spotlight with Matt Tooth, LendInvest

In the Spotlight with Matt Tooth, LendInvest

We spoke to Matt Tooth, Head of Distribution at LendInvest, about overcoming prejudices around peer-to-peer lending and why the industry is growing so rapidly.

26 Feb 2016

Pensioner property wealth grows £13.7bn in Q4

Pensioner property wealth grows £13.7bn in Q4

Retired homeowners have seen their property wealth grow by nearly £13.7 billion in the past three months, according to Key Retirement.

26 Feb 2016

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