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Accord loosens affordability criteria

Accord loosens affordability criteria

Accord has modified its affordability criteria in a bid to make it easier for brokers to position a case and increase the chances of an application being accepted.

13 May 2016

Former Towry adviser banned for insider dealing

Former Towry adviser banned for insider dealing

The FCA has fined a financial adviser £36,285 and banned him for at least two years for engaging in market abuse.

13 May 2016

MAB expands in Scotland with new partnership

MAB expands in Scotland with new partnership

Mortgage Advice Bureau has partnered with Scottish broker Clear Mortgage Solutions as part of its growth strategy in the region.

13 May 2016

L&G adopts Twenty7Tec's second charge sourcing solution

L&G adopts Twenty7Tec's second charge sourcing solution

Legal & General Mortgage Club has announced a partnership with technology firm Twenty7Tec to provide brokers with a second charge sourcing solution.

13 May 2016

Virgin Money launches intermediary exclusive BTL rates

Virgin Money launches intermediary exclusive BTL rates

Virgin Money has cut rates across its residential and buy-to-let ranges, and launched new intermediary exclusives.

13 May 2016

Ex-Deutsche Bank MD given record sentence for insider dealing

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Ex-Deutsche Bank MD given record sentence for insider dealing

In a case brought by the FCA, Martyn Dodgson, a senior investment banker, and Andrew Hind, a Chartered Accountant, have been sentenced at Southwark Crown Court to 4.5 years and 3.5 years imprisonment, respectively. Dodgson's sentence is the longest ever handed down for insider dealing in a case brought by the FCA.

13 May 2016

MPs find 'substantial and continuing' mis-selling risks

MPs find 'substantial and continuing' mis-selling risks

The Committee of Public Accounts has warned that there are "substantial and continuing risks that financial services will be mis-sold" and believes that too little has been done to tackle the cultural problems behind mis-selling.

13 May 2016

'Economic uncertainty' behind 19% drop in approvals

'Economic uncertainty' behind 19% drop in approvals

House purchase approvals in April totalled 57,512, down 19.4% from the 71,357 loans granted the previous month, according to e.surv.

13 May 2016

Connect for Intermediaries partners with Kensington

Connect for Intermediaries partners with Kensington

Connect for Intermediaries has become the latest specialist distributor to partner with Kensington.

13 May 2016

SimplyBiz launches Hinckley & Rugby exclusive

SimplyBiz launches Hinckley & Rugby exclusive

SimplyBiz Mortgages has launched a 90% LTV three-year fixed rate exclusive through Hinckley & Rugby.

13 May 2016

 

No-one to face prosecution over RBS bail-out

No-one to face prosecution over RBS bail-out

The Crown office has announced that no-one involved in the failure of RBS will face prosecution.

12 May 2016

BoE projections show Bank Rate of just 0.8% by 2019

BoE projections show Bank Rate of just 0.8% by 2019

In the Bank of England's latest Inflation Report, the market-implied path for Bank Rate drops to 0.4% until Q2 2017 before reaching 0.8% in three years' time.

12 May 2016

MPC maintains Bank Rate but raises Brexit concerns

MPC maintains Bank Rate but raises Brexit concerns

At its latest meeting, the MPC voted unanimously to maintain Bank Rate at 0.5%, despite some economists predicting members to vote for a decrease.

12 May 2016

Keystone introduces split BTL stress tests

Keystone introduces split BTL stress tests

Keystone Property Finance is introducing separate stress tests for individual and limited company borrowers.

12 May 2016

Google to ban 'harmful' payday loan ads

Google to ban 'harmful' payday loan ads

Google has announced that it is banning ads for payday loans and other 'deceptive or harmful financial products' from its ads systems.

12 May 2016

Flexible lenders keeping repossessions low: CML data

Flexible lenders keeping repossessions low: CML data

Repossessions and arrears are continuing to fall, dropping to 2,100 in Q1 to the lowest on record, according to CML data.

12 May 2016

City Minister: Brexit would 'significantly weaken' UK financial services

City Minister: Brexit would 'significantly weaken' UK financial services

Economic Secretary to the Treasury, Harriett Baldwin, has warned that leaving the EU could "severely damage the competitiveness of the UK's financial services industry".

12 May 2016

Lifetime ISA 'muddies the waters', says Aegon CEO

Lifetime ISA 'muddies the waters', says Aegon CEO

Adrian Grace, UK Chief Executive of Aegon has warned that the Lifetime ISA "presents risks if poorly positioned as a competitor to workplace pensions".

12 May 2016

Aldermore mortgage lending up 60% to £542m

Aldermore mortgage lending up 60% to £542m

Aldermore has reported strong growth in its business finance and mortgages divisions in Q1 2016, with mortgage origination rising by 60% to £542m.

12 May 2016

Royal London in partnership search after record quarter

Royal London in partnership search after record quarter

Royal London has announced a record quarter of new business results for Q1 2016 and is now hunting for new distribution partnerships.

12 May 2016

Saffron launches limited edition 5-year fix

Saffron launches limited edition 5-year fix

Saffron For Intermediaries has launched a limited edition 5-year fixed rate mortgage deal for purchase or remortgage.

12 May 2016

Brightstar reveals EasySource launch date

Brightstar reveals EasySource launch date

Brightstar has announced that its new specialist sourcing system and case management tool EasySource will launch for intermediaries on Wednesday 1st June, with Shawbrook Bank as EasySource's official sponsor.

12 May 2016

Average London house price hits £600,000

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Average London house price hits £600,000

Home values in London have doubled over the last seven years, with the average london home breaking through the £600,000 barrier, according to the latest Your Move house price index.

12 May 2016

Positive Lending launches flat second charge fee

Positive Lending launches flat second charge fee

Positive Lending is charging a flat £995 fee to Directly Authorised intermediaries for all residential second charge secured loans, with the intermediary receiving 100% of the proc fee.

11 May 2016

Marsden backs transition mortgages for older borrowers

Marsden backs transition mortgages for older borrowers

Marsden Building Society is speaking out in support of older borrowers and the growing need for 'transition mortgages'.

11 May 2016

Skipton revamps New Build and HTB ranges

Skipton revamps New Build and HTB ranges

Skipton Building Society is cutting rates up to 0.34% on 2 year New Build products at 90% LTV and is also launching a simplified Help to Buy range.

11 May 2016

BIBA: regulatory change continues to stifle GI innovation

BIBA: regulatory change continues to stifle GI innovation

The British Insurance Brokers' Association have highlighted a "number of barriers to innovation" in the insurance broker sector.

11 May 2016

OneSavings Bank sees loan book grow by £460m in Q1

OneSavings Bank sees loan book grow by £460m in Q1

OneSavings Bank saw net loans & advances grow by £460m in Q1, which it says was accelerated by acquisitions of first and second charge residential mortgage portfolios totalling £131m.

11 May 2016

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