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Where is technology going in the mortgage market?

Where is technology going in the mortgage market?

2016 marks 30 years since Mortgage Brain first introduced mortgage software to an unsuspecting mortgage community and since then it's revolutionised the industry.

19 Feb 2016

P2P platform Crowdstacker reveals IFISA details

P2P platform Crowdstacker reveals IFISA details

FCA authorised platform Crowdstacker has announced the details of its new Innovative Finance ISA that will be available to investors from 6th April 2016.

19 Feb 2016

Payday lender receives FCA authorisation

Payday lender receives FCA authorisation

Short-term lender Peachy.co.uk has received FCA authorisation.

19 Feb 2016

LSL acquires £9.1m stake in advice firm

LSL acquires £9.1m stake in advice firm

LSL Property Services has acquired a 65% interest in Group First Limited who offer mortgage and protection brokerage services to the purchasers of new homes through its subsidiaries, Mortgages First and Insurance First Brokers.

19 Feb 2016

Yorkshire BS launches 1.14% fixed rate

Yorkshire BS launches 1.14% fixed rate

Yorkshire Building Society has launched a two-year fixed rate mortgage at 1.14%, which it says is the lowest two-year fixed rate currently on the market.

19 Feb 2016

P2P platform gains FCA approval ahead of IFISA launch

P2P platform gains FCA approval ahead of IFISA launch

Peer-to-peer platform Abundance has gained the necessary approval from the FCA and is now formally an ISA manager.

19 Feb 2016

Bath Building Society launches Rent a Room mortgage

Row of colourful houses

Bath Building Society launches Rent a Room mortgage

Bath Building Society has launched a Rent a Room mortgage, allowing an applicant to borrow more by renting out a room and using the rent towards the mortgage payment.

19 Feb 2016

FCA takes action over advice firms' due diligence failings

FCA takes action over advice firms' due diligence failings

An FCA review has concluded that many firms aren't showing consistently good practice on due diligence, and has ordered one firm to complete a past business review.

19 Feb 2016

Hinckley & Rugby mortgage advances up 14%

Hinckley & Rugby mortgage advances up 14%

Hinckley & Rugby Building Society grew its mortgage advances 14% to £128 million in 2015, according to its latest results.

19 Feb 2016

Aegon's pension and platform assets soar in 2015

Aegon's pension and platform assets soar in 2015

Aegon's platform assets soared from £2.7bn to £6.4bn in 2015, while its pensions business rose 108% from £16m to £33m, according to its latest results.

19 Feb 2016

 

HMRC: LTA casualties should delay retirement

HMRC: LTA casualties should delay retirement

HMRC has suggested that those affected by the reduction in lifetime allowance should delay retirement until they can apply for protection on their pension savings in July.

19 Feb 2016

Saving gap between buying and renting increases

Saving gap between buying and renting increases

First-time buyers in the UK are on average £865 (10%) a year better off with their own home compared to those who rent, according to research by Lloyds Bank.

19 Feb 2016

BBA board approves trade body merger

BBA board approves trade body merger

The British Bankers' Association has unanimously agreed to the creation of a new trade body formed from a merger of the BBA, CML, Payments UK and the UK Cards Association.

18 Feb 2016

NHS faces regulatory action over cash-for-pension offer

NHS faces regulatory action over cash-for-pension offer

The NHS has reportedly offered nurses cash inducements to give up their NHS pension - a breach of auto-enrolment legislation.

18 Feb 2016

FCA to review Consumer Credit Act provisions

FCA to review Consumer Credit Act provisions

The FCA is reviewing whether particular Consumer Credit Act provisions should be modified, updated, or replaced by FCA rules or guidance.

18 Feb 2016

Freedom Finance launches second charge support

Freedom Finance launches second charge support

Freedom Finance's intermediary division has developed three routes for intermediaries who will be dealing with second charge loans post-MCD.

18 Feb 2016

Industry urged to adapt to rise in social media complaints

Industry urged to adapt to rise in social media complaints

The financial services industry needs to prepare for an increase in customer complaints through the use of social media, according to Equiniti.

18 Feb 2016

CML: gross mortgage lending up 21%

CML: gross mortgage lending up 21%

Gross mortgage lending reached £17.9 billion in January - 9% lower than December's £19.8 billion, but 21% higher than the £14.8 billion lent in January last year, according to the CML.

18 Feb 2016

Government plans deter one in four from BTL

Government plans deter one in four from BTL

Around one in four UK adults who were considering a Buy To Let property investment have been put off by the Government's plan to introduce a 3% additional stamp duty and cut tax relief on their finance costs, according to online investment platform rplan.co.uk.

18 Feb 2016

The Mansfield extends Shared Ownership scheme

The Mansfield extends Shared Ownership scheme

Mansfield Building Society has extended its geographical coverage and broker distribution for Shared Ownership house purchase only mortgages as well as adding remortgage and staircasing options available through specialist brokers.

18 Feb 2016

Zurich to sell 25% stake in Openwork

Zurich to sell 25% stake in Openwork

Zurich has announced plans to divest its 25% shareholding in Openwork within the next four years.

18 Feb 2016

Zopa launches new range ahead of IFISA

Zopa launches new range ahead of IFISA

Peer-to-peer lender Zopa will launch a new range of products in mid-March ahead of the new Innovative Finance ISA.

18 Feb 2016

Just Mortgages and ULS launch broker wills service

Just Mortgages and ULS launch broker wills service

Just Mortgages has teamed up with ULS Technology to offer a will sourcing system to its 130 mortgage brokers situated in Spicer Haart estate agency branches throughout the UK.

18 Feb 2016

Capping of pension exit fees must curb excessive charges

Capping of pension exit fees must curb excessive charges

I was pleased to see the government setting a date to impose a cap on the fees that pension providers can charge savers for withdrawing cash from their pension pots - it's a timely shot in the arm for the industry after a prolonged period of negative headlines.

17 Feb 2016

Newcastle cuts high-LTV rates

Newcastle cuts high-LTV rates

Newcastle Intermediaries has reduced rates on its 'All in One' 90% and 95% products by up to 0.20%.

17 Feb 2016

Building society mortgage approvals rise 10%

Building society mortgage approvals rise 10%

The value of mortgage loans approved by building societies rose 10% in 2015 to £57.8 billion - a 26% market share, according to the BSA.

17 Feb 2016

Together completes first regulated bridge

Together completes first regulated bridge

Together has completed its first regulated bridging deal after recently launching a new product with a group of pilot packagers.

17 Feb 2016

Banks account for a quarter of P2P lending

Banks account for a quarter of P2P lending

Around a quarter of peer-to-peer loans are now funded by institutional investors, including traditional banks and government through organisations such as the British Business Bank.

17 Feb 2016

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