Latest News

Virgin Money revamps intermediary only range

Virgin Money revamps intermediary only range

Virgin Money has cut rates across its buy-to-let and residential mortgage ranges.

18 Mar 2016

Accord cuts 90% LTV five-year fixes

Accord cuts 90% LTV five-year fixes

Accord Mortgages has reduced its residential rates by up to 0.13% across its five-year fixed rate 90% LTV range.

18 Mar 2016

HMRC amends IFISA rules after industry pressure

HMRC amends IFISA rules after industry pressure

HMRC has amended draft legislation for the Innovative Finance ISA to allow aggregator platforms.

18 Mar 2016

IMLA: Basel proposals will affect Bradford & Bingley sale

IMLA: Basel proposals will affect Bradford & Bingley sale

In this week's budget, the government confirmed the sale of £15.65bn of Bradford & Bingley loans.

18 Mar 2016

Equity release activity surges in H2

Equity release activity surges in H2

The five years from 2011 to 2015 have all seen a surge in equity release activity during H2 compared to H1, according to the Equity Release Council.

18 Mar 2016

The Source launches commercial platform

The Source launches commercial platform

The Source has launched a commercial platform enabling brokers to quote, buy and amend landlord portfolio insurance policies online.

17 Mar 2016

Half of FTBs unaware of affordability rules

Half of FTBs unaware of affordability rules

48% are not aware of how the mortgage affordability rules might impact a mortgage application, according to Equifax.

17 Mar 2016

Positive completes £300k secured loan with Paragon

Positive completes £300k secured loan with Paragon

Positive Lending has announced the completion of a £300,000 secured loan with Paragon Personal Finance - the largest secured loan the lender has written to date.

17 Mar 2016

Brexit uncertainty spurs 9-0 MPC vote

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Brexit uncertainty spurs 9-0 MPC vote

At its latest meeting, the MPC voted unanimously to maintain Bank Rate at 0.5% for the second time this year.

17 Mar 2016

Newcastle extends BTL distribution to L&G

Newcastle extends BTL distribution to L&G

Newcastle Intermediaries has extended distribution of its buy to let mortgage range through Legal & General Mortgage Club.

17 Mar 2016

 

The Lending Wizard rebrands as Freedom for Intermediaries

The Lending Wizard rebrands as Freedom for Intermediaries

The Lending Wizard, part of the Freedom Finance brand, has rebranded as Freedom for Intermediaries.

17 Mar 2016

Zopa launches new peer-to-peer range

Zopa launches new peer-to-peer range

Peer-to-peer lender Zopa has launched its new product range ahead of the new Innovative Finance ISA.

17 Mar 2016

Paragon launches consumer buy-to-let offering

Paragon launches consumer buy-to-let offering

Paragon Mortgages is accepting applications for consumer buy-to-let via its sister brand Mortgage Trust.

17 Mar 2016

February mortgage lending at eight-year high

February mortgage lending at eight-year high

The Council of Mortgage Lenders estimates that gross mortgage lending reached £17.6 billion in February - 5% lower than January but 30% higher than February 2015.

17 Mar 2016

FSE Glasgow 2016: Equity release is growing despite 'myths'

FSE Glasgow 2016: Equity release is growing despite 'myths'

Speaking at the Financial Services Expo Glasgow today, Equity Release Supermarket's Gary Webster laid to rest some of the common myths around equity release, calling it 'an area which some advice firms won't take on'.

16 Mar 2016

FSE Glasgow 2016: BTL market will take changes in stride

FSE Glasgow 2016: BTL market will take changes in stride

Aldermore Bank's Ian Boden, Head of Commercial Mortgages, spoke to an audience of intermediaries at today's Financial Services Expo Glasgow about the future of the sector in the face of increasing regulatory powers over buy to let lending.

16 Mar 2016

Budget 2016
Govt defers stamp duty increase for second homes

Budget 2016
Govt defers stamp duty increase for second homes

The government has extended the period before the higher stamp duty rate will apply to second homes, and the time in which homeowners can claim a refund, from 18 months to 36 months.

16 Mar 2016

Budget 2016
MAS, TPAS and Pension Wise to be restructured

Budget 2016
MAS, TPAS and Pension Wise to be restructured

The government will restructure the statutory financial guidance providers - the Money Advice Service, The Pensions Advisory Service and Pension Wise, according to Budget documents.

16 Mar 2016

Budget 2016
Is the Lifetime ISA 'another barrier to pension savings'?

Budget 2016
Is the Lifetime ISA 'another barrier to pension savings'?

In today's Budget, George Osborne announced the launch of a Lifetime ISA which allows under-40s to save for their first home or retirement.

16 Mar 2016

Budget 2016
Govt to cut CGT and Class 2 NI contributions

Budget 2016
Govt to cut CGT and Class 2 NI contributions

During today's Budget, George Osborne announced that from 2018, the government will abolish Class 2 National Insurance Contributions altogether.

16 Mar 2016

Budget 2016
OBR: Brexit could cause 'disruptive uncertainty'

Budget 2016
OBR: Brexit could cause 'disruptive uncertainty'

Speaking in today's Budget, George Osborne revealed that the OBR believe Brexit would "result in a period of potentially disruptive uncertainty".

16 Mar 2016

Budget 2016
GDP growth forecasts revised down until 2020

Budget 2016
GDP growth forecasts revised down until 2020

The Office for Budget Responsiblity has revised down economic growth expectations each year until 2020.

16 Mar 2016

Budget 2016
Osborne announces commercial stamp duty reform

Budget 2016
Osborne announces commercial stamp duty reform

The government will reform commercial stamp duty in a similar way to the residential stamp duty changes a year ago.

16 Mar 2016

Budget 2016
Personal allowance and higher rate threshold to rise

Budget 2016
Personal allowance and higher rate threshold to rise

George Osborne has confirmed that the government will raise the tax-free personal allowance to £11,500 and the higher rate tax threshold from £42,385 to £45,000.

16 Mar 2016

Budget 2016
Government to launch Lifetime ISA with 25% bonus

Budget 2016
Government to launch Lifetime ISA with 25% bonus

George Osborne has announced the launch of a Lifetime ISA which allows under-40s to save for their first home or retirement.

16 Mar 2016

FSE Glasgow 2016: Advisers 'must plug gap' left by welfare reforms

FSE Glasgow 2016: Advisers 'must plug gap' left by welfare reforms

Welfare reforms have 'significantly' changed the need for financial protection, said Scottish Widows' Johnny Timpson today, speaking at the FSE Glasgow expo to an audience of intermediaries.

16 Mar 2016

Mortgage Brain launches secured loan sourcing system

Mortgage Brain launches secured loan sourcing system

Mortgage Brain has announced the launch of its new, whole-of-market, secured loan sourcing system.

16 Mar 2016

Budget 2016
Government to scrap Money Advice Service

Budget 2016
Government to scrap Money Advice Service

The government has announced plans to close the Money Advice Service and restructure The Pensions Advisory Service and Pension Wise.

16 Mar 2016

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