Latest News

Hope Capital increases maximum loan size to £5m

Hope Capital increases maximum loan size to £5m

Bridging lender Hope Capital has increased its maximum loan size to £5million with the ability to increase this still further for the right deal.

24 Nov 2015

Scottish Widows enters bulk annuity market with £400m buy-in

Scottish Widows enters bulk annuity market with £400m buy-in

Scottish Widows has today announced its first external bulk annuity transaction, a £400m pensioner buy-in with the Wiggins Teape Pension Scheme.

24 Nov 2015

Kensington issues £280m securitisation

Kensington issues £280m securitisation

Kensington has priced the second securitisation from its Gemgarto programme.

23 Nov 2015

Partnership's Enhanced account to accept crystallised pots

Partnership's Enhanced account to accept crystallised pots

Partnership has announced that its Enhanced Retirement Account can now accept crystallised as well as uncrystallised pension pots.

23 Nov 2015

Stonebridge launches wills proposition for AR firms

Stonebridge launches wills proposition for AR firms

Stonebridge Group has launched its new wills proposition for AR firms via a new relationship with ULS Technology.

23 Nov 2015

CML launches new mortgage fee tariff

CML launches new mortgage fee tariff

CML and Which? are today launching a new "tariff of mortgage charges" that will introduce a standard format for how lenders communicate their fees.

23 Nov 2015

Landbay partners with My Home Move

Landbay partners with My Home Move

Peer-to-peer lender Landbay has today announced a new partnership with My Home Move.

23 Nov 2015

Advice not worthwhile on pots under £120k, say consumers

Advice not worthwhile on pots under £120k, say consumers

Consumers are reluctant to pay for advice until they have an investment or pension pot totalling nearly £121,000, despite the £30,000 pot advisers believe is required to make advice worthwhile, according to Aegon.

23 Nov 2015

Govt considers 'emergency pause' for auto-enrolment

Govt considers 'emergency pause' for auto-enrolment

In a briefing paper published this month, the National Audit Office has revealed a government contingency plan to 'pause' auto-enrolment.

23 Nov 2015

Coventry for intermediaries launches new broker pledge

Coventry for intermediaries launches new broker pledge

Coventry for intermediaries is launching new service level pledges and simplifying its existing commitments to intermediaries.

23 Nov 2015

 

CML to vote on proposed BBA merger

CML to vote on proposed BBA merger

The Financial Services Trade Associations Review has recommended creating a new trade association formed from a merger of the British Bankers' Association, the Council of Mortgage Lenders, Payments UK and the UK Cards Association.

23 Nov 2015

IMLA: half of broker enquiries reach completion

IMLA: half of broker enquiries reach completion

Almost half (47%) of consumer enquiries to intermediaries about getting a mortgage resulted in a completion during Q3 2015, according to the Intermediary Mortgage Lenders Association.

21 Nov 2015

In the Spotlight with John Phillips, Just Mortgages

In the Spotlight with John Phillips, Just Mortgages

We spoke to John Phillips, national operations director at Just Mortgages, about its new client servicing division and the importance of creating ongoing relationships.

20 Nov 2015

Five star Octopus shines at FInancial Adviser Service Awards

Five star Octopus shines at FInancial Adviser Service Awards

Octopus Investments has been awarded the top accolade for the second successive year in the Financial Adviser Service Awards 2015, receiving a five star rating for its customer service.

20 Nov 2015

South East sees record high for house price growth sentiment

South East sees record high for house price growth sentiment

New data from Knight Frank has revealed that across the whole of the UK, homeowners perceived that the value of their home rose during November, with those in the South East and London perceiving the strongest price growth.

20 Nov 2015

RBS appoints new Ulster Bank Chief Executive

RBS appoints new Ulster Bank Chief Executive

RBS and Ulster Bank have announced the appointment of Gerry Mallon to the position of Chief Executive of Ulster Bank in the Republic of Ireland, effective June 2016.

20 Nov 2015

Investec to continue foreign currency mortgage offering

Investec to continue foreign currency mortgage offering

Investec Private Banking has confirmed that it will continue to offer residential mortgages to UK based borrowers who may receive part or all of their income in a foreign currency, after the new MCD rules are introduced in March 2016.

20 Nov 2015

Apples and oranges revisited

Apples and oranges revisited

In order to adequately review anything, fair comparison is essential. Comparing an Aston Martin to a Ford Cortina, for example, is rather inappropriate. Although everyone would accept this rather hyperbolic example, there remains an annoyingly persistent number of inappropriate comparisons that seem to form part of every discussion about equity release.

20 Nov 2015

Nationwide mortgage lending soars 14%

Nationwide mortgage lending soars 14%

Nationwide's underlying profit grew by 27% to £801 million in the half year to 30 September, driven by record mortgage lending which rose by 14%.

20 Nov 2015

Majority still confused over pension tax rules

Majority still confused over pension tax rules

53% of people are still unsure what the tax rules are on taking cash out of pensions, according to research from Portus.

20 Nov 2015

City house price inflation to reach 10%

City house price inflation to reach 10%

City level house price growth is now running at 9.4% - faster than the 7.1% UK wide growth rate - and is set to reach 10% by the year end, according to Hometrack's UK Cities Index.

20 Nov 2015

Coventry for intermediaries cuts 90% LTV rates

Coventry for intermediaries cuts 90% LTV rates

Coventry for intermediaries has reduced interest rates across its range of residential mortgages at 90% LTV by up to 0.4%.

20 Nov 2015

Half of FTBs will shun Help to Buy ISA

Half of FTBs will shun Help to Buy ISA

Almost half of first time buyers (45%) claim they will not open a Help to Buy ISA, despite a potential bonus of up to £6,000 per couple.

20 Nov 2015

State benefits, mortgage protection and the importance of the 'protection conversation'

State benefits, mortgage protection and the importance of the 'protection conversation'

Over recent weeks, there has been a significant increase in the number of stories in the press about the growth of the protection market. It makes sense; as the economy continues to recover, corresponding growth of the protection market would be expected as a consequence.

19 Nov 2015

FSA's HBOS investigation was "materially flawed"

FSA's HBOS investigation was "materially flawed"

Andrew Green QC's independent assessment of the FSA's investigation into HBOS found that the FSA's initial decision-making process was "materially flawed".

19 Nov 2015

HBOS report: execs face ban over Bank's collapse

HBOS report: execs face ban over Bank's collapse

The review into the failure of HBOS has concluded that "ultimate responsibility for the failure of HBOS rests with the Board and senior management".

19 Nov 2015

Barclays hit with $150m forex-rigging fine by US regulator

Barclays hit with $150m forex-rigging fine by US regulator

Barclays Bank has been fined $150m by the New York State Department of Financial Services for internal systems and controls failures relating to foreign exchange.

19 Nov 2015

Resistance to robo-advice is futile, say financial forecasters

Resistance to robo-advice is futile, say financial forecasters

Financial forecasters eValue have discussed how the financial services industry can make the successful transition from face-to-face to online simplified advice.

19 Nov 2015

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