Latest News

Deutsche Bank whistleblower rejects $8.25m reward

Deutsche Bank whistleblower rejects $8.25m reward

A former Deutsche Bank AG risk officer has turned down a $8.25 million reward from a US securities regulator because it failed to penalise senior executives.

19 Aug 2016

Barclays launches 2.09% seven-year fix

Barclays launches 2.09% seven-year fix

Barclays has introduced a new seven-year fixed rate product at 2.09% - the same price as its five-year fix at the same LTV of 60%.

19 Aug 2016

New lender BlueZest adopts EDM's valuation platform

New lender BlueZest adopts EDM's valuation platform

Specialist online mortgage lender BlueZest has partnered with EDM Mortgage Support Services to use its Residential Valuation Exchange.

19 Aug 2016

Post-Brexit surplus weaker than predicted at £1bn

Post-Brexit surplus weaker than predicted at £1bn

The UK's public finances saw a budget surplus of £1 billion in July according to ONS figures, lower than economists' forecasts and the £1.2 billion budget surplus recorded in July 2015.

19 Aug 2016

Accord BTL cuts rates across entire five-year fixed range

Accord BTL cuts rates across entire five-year fixed range

Accord Buy to Let has reduced rates on its longer term mortgage deals, reducing rates across its entire five-year fixed rate range by up to 0.30%.

19 Aug 2016

LendInvest partners with online auction house

LendInvest partners with online auction house

LendInvest has become the funding partner for online auction house LOT11, with the lender pre-qualifying select lots at LOT11 auctions which fall within its criteria.

19 Aug 2016

Metro Bank launches sub-2% five-year fix

Metro Bank launches sub-2% five-year fix

Metro Bank has reduced rates on its five-year fixed rate residential mortgages, with rates now available from 1.99% at 65% LTV.

19 Aug 2016

Skipton cuts BTL rates by up to 0.50%

Skipton cuts BTL rates by up to 0.50%

From tomorrow, Skipton Building Society is launching a new fixed rate buy-to-let range with interest rates lowered on certain products by up to 0.50%.

18 Aug 2016

Insurance firm launches protection payout campaign

Insurance firm launches protection payout campaign

Financial advice firm Drewberry has launched a campaign to raise consumer awareness of how high insurer payout rates are for protection products.

18 Aug 2016

The Coventry axes family mortgage exposed to stamp duty hike

The Coventry axes family mortgage exposed to stamp duty hike

Coventry Building Society has withdrawn its 'Step-Up' mortgage facility amid fears that first time buyers' family members could be exposed to the new 3% stamp duty tax.

18 Aug 2016

 

The Mortgage Partnership adds Kensington to panel

The Mortgage Partnership adds Kensington to panel

The Mortgage Partnership has added Kensington to its panel of specialist lenders.

18 Aug 2016

FCA appoints former FBI director to investigations team

FCA appoints former FBI director to investigations team

The FCA has appointed Michael Welch to director of retail and regulatory investigations.

18 Aug 2016

Aldermore launches limited edition BTL rates

Aldermore launches limited edition BTL rates

Aldermore has today launched two limited edition five-year fixed rate buy-to-let products.

18 Aug 2016

Royal London reports record life and pensions growth

Royal London reports record life and pensions growth

Royal London's new life and pensions business rose by 39% to £4.2bn in H1, which it says represents a new record.

18 Aug 2016

Mass market robo-advice and investment service launches

Mass market robo-advice and investment service launches

UK fintech start-up Munnypot has announced the prelaunch of its robo-advice and investment service ahead of a mass market launch in the autumn.

18 Aug 2016

Pepper appoints Aldermore's Mark Shelper to sales team

Pepper appoints Aldermore's Mark Shelper to sales team

Mark Shelper has joined Pepper Homeloans as Regional Development Manager for the South West and South Wales.

18 Aug 2016

86% of brokers see ongoing mortgage prisoner issues

86% of brokers see ongoing mortgage prisoner issues

Despite the FCA stating that there is 'no obvious issue' surrounding mortgage prisoners in a recent review, 86% of brokers disagreed with a quarter of those saying the problem is getting worse.

18 Aug 2016

New lender to enter residential and lifetime mortgage market

New lender to enter residential and lifetime mortgage market

Mortgages4Life, a new residential and lifetime mortgage lender, has received full regulatory approval from the FCA.

17 Aug 2016

The Exeter bolsters PMI cover with free cash plan offer

The Exeter bolsters PMI cover with free cash plan offer

The Exeter has launched a limited offer giving new PMI policyholders the chance to benefit from a year’s free cash plan cover, which it says will help advisers boost their sales during the summer months.

17 Aug 2016

0% pension exit cap would save retirees £50m

0% pension exit cap would save retirees £50m

Despite the FCA introducing a cap on pension exit fees, around 200,000 investors will still be affected over the next 4 years, argues Hargreaves Lansdown.

17 Aug 2016

Aldermore ceases bridging lending

Aldermore ceases bridging lending

Aldermore will stop accepting new bridging loan applications from the 1st September.

17 Aug 2016

Fluent Money plans expansion into wider lending market

Fluent Money plans expansion into wider lending market

Fluent Money has announced plans to "grow into other lending sectors and evaluate new opportunities" after completing the makeup of its new board.

17 Aug 2016

Step One Finance expands lending team

Step One Finance expands lending team

Specialist lender Step One Finance has hired Target Group's Steve Khan as Head of Commercial Development, as well as expanding its underwriting and operational teams.

17 Aug 2016

Scottish house prices see 4% annual rise

Scottish house prices see 4% annual rise

Scottish house prices have defied a 0.4% monthly drop to maintain a 4% annual growth rate in June - the largest seen since May 2015.

17 Aug 2016

Openwork platform assets hit £4bn

Openwork platform assets hit £4bn

Openwork has announced that its platform assets have surpassed £4bn for the first time.

17 Aug 2016

3mc launches buy-to-let exclusive via Precise

3mc launches buy-to-let exclusive via Precise

3mc has today launched an exclusive buy-to-let mortgage deal funded by Precise Mortgages, targeting HMOs including limited company buy-to-lets.

17 Aug 2016

Advisers aiding tax avoidance face 100% fines

Advisers aiding tax avoidance face 100% fines

Accountants and advisers who enable their clients to avoid tax will face tough penalties under new government proposals announced today.

17 Aug 2016

Brexit is creating "mother of all storms" for pensions, warns deVere

Brexit is creating "mother of all storms" for pensions, warns deVere

Today's inflation rise will herald "yet more misery for already deficit-laden British pension funds", warns deVere CEO Nigel Green.

16 Aug 2016

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