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House price growth accelerates in December

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House price growth accelerates in December

UK house prices increased by 0.8% in December, pushing the annual pace of house price growth to 4.5%, from 3.7% in November, according to the latest Nationwide house price index.

30 Dec 2015

Barclays Capital fined $13.75m by US regulator

Barclays Capital fined $13.75m by US regulator

US regulator FINRA has ordered Barclays Capital to pay more than $10 million in restitution, including interest, to affected customers for mutual fund-related suitability violations.

30 Dec 2015

Remortagors to see 'significant' equity boost into New Year

Remortagors to see 'significant' equity boost into New Year

The value of a house for remortgage reached a 13-month high in November, according to Mortgage Advice Bureau.

30 Dec 2015

UK homes grew by £1.4 billion per day in 2015

UK homes grew by £1.4 billion per day in 2015

As the end of 2015 approaches, the UK's 28.6 million homes are now worth a combined £7.76 trillion (£7,764,650,690,201) - with the total residential stock value rising £519 billion (7.2%) over the past year, according to Zoopla.

30 Dec 2015

What are HNW individuals' top 3 financial resolutions?

What are HNW individuals' top 3 financial resolutions?

High net worth individuals' top three financial resolutions for 2016 are to build funds for their retirement, to more regularly review their investment portfolios, and to save more to leave for their loved ones in their wills, according to a poll by DeVere Group.

29 Dec 2015

10 things you (probably) didn't know about electronic trading

10 things you (probably) didn't know about electronic trading

When electronic trading was first launched, it was greeted by some brokers with the levels of enthusiasm normally reserved for a wet Sunday in mid-January! Today, however, it has become one of the cornerstones of the mortgage broker industry.

29 Dec 2015

Over 50s predict base rate rise in 2016

Over 50s predict base rate rise in 2016

Half of over 50s predict that the Bank of England Base Rate will rise by the end of 2016, while one in five think it is likely to remain the same, according to research from Saga.

29 Dec 2015

Outer London sees strongest price growth in 2015

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Outer London sees strongest price growth in 2015

Newham in London saw the biggest increase in house prices across major UK towns and cities in 2015, according to Halifax.

29 Dec 2015

November mortgage lending at seven-year high

November mortgage lending at seven-year high

Gross mortgage borrowing reached £12.8 billion in November - 28% higher than a year ago and the highest monthly total for seven years, according to the latest BBA lending figures.

24 Dec 2015

New Year, New You

New Year, New You

With 2015 coming to a close before it feels like it has even begun, many people will be looking to next year to make a telling career move. Behind getting fit or embarking on the ever evolving detox, making a positive move in working life may be the most popular New Year's resolution.

24 Dec 2015

 

What challenges will affect IFAs in 2016?

What challenges will affect IFAs in 2016?

Clapton Consultants, the consultancy for accountants and IFAs, has revealed the top five challenges that are likely to affect advisers in the year ahead.

24 Dec 2015

AMI urges BTL sector to work together in light of FPC powers

AMI urges BTL sector to work together in light of FPC powers

The AMI's Quarterly Economic Bulletin for Q4 2015 has been released, detailing some of the issues facing the UK mortgage market as we come to the close of 2015.

23 Dec 2015

GDP growth slower than expected in Q3: ONS

GDP growth slower than expected in Q3: ONS

The Office for National Statistics has today released its Q3 Economic Well-being bulletin showing that GDP grew by just 0.4% in the the third quarter, down from a previous estimate of 0.5%.

23 Dec 2015

L&G completes £230m bulk annuity deal

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L&G completes £230m bulk annuity deal

Legal & General has announced that it has completed the UK's largest medically underwritten bulk annuity deal with a UK defined benefit pension scheme.

23 Dec 2015

Mortgage Brain events see record broker attendance

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Mortgage Brain events see record broker attendance

The 2015 series of Mortgage Vision events, held during October and November, saw a 23 per cent uplift in broker attendance setting a new record in overall attendance in the event’s six year history.

23 Dec 2015

Remortgage equity withdrawn hits record level

Remortgage equity withdrawn hits record level

The average amount of equity withdrawn from remortgaging has hit a new record of £36,894 per customer in November, an increase of 4% from the previous high of £35,590 recorded in August this year, according to the latest research from LMS.

23 Dec 2015

Mortgage market continues to disappoint: Equifax

Mortgage market continues to disappoint: Equifax

Equifax Touchstone analysis of the intermediary marketplace shows mortgage sales continue to disappoint for the second consecutive month. Residential and buy-to-let mortgage sales have fallen by 8.4% last month from October, a value decrease of £1.3bn.

22 Dec 2015

Aviva insures £300m of pension liabilities

Aviva insures £300m of pension liabilities

Aviva has secured a buyout arrangement with the TKM Group Pension Scheme, sponsored by Inchcape plc, covering £300 million of pension liabilities.

22 Dec 2015

Leeds launches cashback range for its BTL borrowers

Leeds launches cashback range for its BTL borrowers

A new range of mortgages with cashback has been launched for existing buy-to-let borrowers with Leeds Building Society.

22 Dec 2015

HMRC: Resi transactions decline month-on-month

HMRC: Resi transactions decline month-on-month

The number of residential property transactions decreased by 5.7% between October and November, according to the latest Property Transaction Statistics from HMRC.

22 Dec 2015

AIG Life joins UnderwriteMe service

AIG Life joins UnderwriteMe service

AIG Life have confirmed that they will be joining the UnderwriteMe comparison service in 2016.

22 Dec 2015

TISA calls for cross-organisation guidance framework

TISA calls for cross-organisation guidance framework

TISA, the financial services membership association, has called for the creation of a guidance framework that supports low and middle income households in enhancing their short, medium and long-term financial wellbeing.

22 Dec 2015

Special adviser leaves ifs after ten years

Special adviser leaves ifs after ten years

Phil Hall, Special Adviser to the ifs for ten years has confirmed he has left the organisation.

22 Dec 2015

Y3S acquires two new offices in growth plans

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Y3S acquires two new offices in growth plans

Cardiff-based specialist mortgage and loan packager Y3S has agreed terms and received keys for an additional 5,000 square feet of office space.

22 Dec 2015

Step One receives full FCA authorisation

Step One receives full FCA authorisation

Step One Finance has received full authorisation from the Financial Conduct Authority for its lending and consumer credit activities.

21 Dec 2015

Leeds CEO announced as new CML Chairman

Leeds CEO announced as new CML Chairman

The Council of Mortgage Lenders has appointed Peter Hill, Chief Executive of Leeds Building Society, as CML Chairman for 2016.

21 Dec 2015

Aldermore reveals MCD approach

Aldermore reveals MCD approach

Aldermore has today published a new leaflet outlining its preparations ahead of the implementation of the European Mortgage Credit Directive on the 21st March 2016.

21 Dec 2015

Royal London: firms should review auto-enrolment provider

Royal London: firms should review auto-enrolment provider

Phil Loney, CEO of Royal London, has written to Pensions Minister Baroness Ros Altmann, calling on her to introduce a new duty on employers to undertake a periodic review of their workplace pension provider.

21 Dec 2015

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