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Equity release lending soars 44% to £800m in Q3

Equity release lending soars 44% to £800m in Q3

The value of equity release lending rose by 44% year-on-year in Q3, as lending passed £800 million in a single quarter for first time, according to the latest figures from the Equity Release Council.

30 Oct 2017

In the Spotlight with Peter Izard, Investec Private Bank

In the Spotlight with Peter Izard, Investec Private Bank

We spoke to Peter Izard, Business Development Manager at Investec Private Bank, about regulation in the mortgage sector and what's next for the sector in terms of technology, Brexit and interest rates.

27 Oct 2017

Pensions are not the only fruit - reaping the rewards of holistic later life advice

Pensions are not the only fruit - reaping the rewards of holistic later life advice

Last month we submitted a formal written response to the Parliamentary Work & Pensions Committee regarding its inquiry into the introduction of Pension Freedoms, whether they were working as planned, and in areas such as the PensionWise guidance service, whether this was doing the job it was set up to do.

27 Oct 2017

Hinckley & Rugby loosens like-for-like BTL remortgage affordability

Hinckley & Rugby loosens like-for-like BTL remortgage affordability

Hinckley & Rugby Building Society is now assessing like-for-like buy-to-let remortgages using a lower reference rate and has introduced a new online buy-to-let calculator for intermediaries.

27 Oct 2017

44% of Bank of Mum and Dad lenders don't expect to be repaid

44% of Bank of Mum and Dad lenders don't expect to be repaid

44% of parents who have lent money to their children think it’s unlikely they will ever see the full amount of money again, according to Prudential.

27 Oct 2017

Coventry launches 0.30% proc fee on residential product transfers

Coventry launches 0.30% proc fee on residential product transfers

Coventry for intermediaries will pay a proc fee of 0.30% for residential product transfers on all applications received from 24 November 2017.

27 Oct 2017

Fixed rate applications surge in October as rate rise looms

Fixed rate applications surge in October as rate rise looms

Yorkshire Building Society has seen a surge in the number of borrowers seeking fixed rate mortgages ahead of a potential Bank base rate rise next week.

27 Oct 2017

Deadline approaches for new conveyancing anti-fraud rules

Deadline approaches for new conveyancing anti-fraud rules

Licensed conveyancers have until Wednesday 1 November to implement mandatory anti-fraud measures introduced by the Council for Licensed Conveyancers.

27 Oct 2017

FCA launches new DB transfer redress calculations

FCA launches new DB transfer redress calculations

The FCA has published new guidance for firms who receive a complaint about defined benefit transfer advice, including new methodology for calculating redress which could increase the value of DB scheme benefits by over 20%.

27 Oct 2017

RBS reports £392m Q3 profits but awaits large US fine

RBS reports £392m Q3 profits but awaits large US fine

RBS has announced a third consecutive quarter of profits, with £392 million posted in the third quarter, but could post its tenth consecutive annual loss due to an impending US fine.

27 Oct 2017

 

Second HSBC banker to face trial in $3.5bn fraud case

Second HSBC banker to face trial in $3.5bn fraud case

Westminster Magistrates' Court has ruled that Stuart Scott, former HSBC head of currency trading, can be extradited from the UK to face fraud charges in New York.

27 Oct 2017

Treasury urges PRA to amend insurance regulation ahead of Brexit

Treasury urges PRA to amend insurance regulation ahead of Brexit

A Treasury Committee report on EU insurance regulation has urged the insurance industry and the PRA "to come to an understanding on what aspects of Solvency II can be changed unilaterally while the UK remains an EU member state".

27 Oct 2017

House price confidence falls to five-year low

House price confidence falls to five-year low

Confidence in UK house prices has fallen to its lowest level since December 2012, according to the latest Halifax research.

27 Oct 2017

TSB mortgage lending up 17.5% to £5.8bn

TSB mortgage lending up 17.5% to £5.8bn

TSB advanced £5.8 billion in new mortgage loans in the first nine months of 2017, up 17.5% on the same period last year, according to its financial results for the first nine months of 2017.

26 Oct 2017

Time is of the essence: Barclays Quarterly Review

Time is of the essence: Barclays Quarterly Review

Our Q2 remortgage market review ended on how busy intermediary firms would be over the later Summer months. At the time there were many indicators pointing to a continued upsurge in remortgage business. Although this period still faced its fair share of challenges and potential Brexit ramifications were still firmly under the microscope.

26 Oct 2017

Pension schemes forced to reveal fees under government proposals

Pension schemes forced to reveal fees under government proposals

For the first time, pension schemes will be required to publish the fees they charge their members, under government proposals announced today.

26 Oct 2017

Sanlam completes Tavistock Financial acquisition

Sanlam completes Tavistock Financial acquisition

Sanlam UK has completed its acquisition of financial adviser network Tavistock Financial from Tavistock Investments, following FCA approval.

26 Oct 2017

Metro Bank cuts high-LTV rates and launches large loan range

Metro Bank cuts high-LTV rates and launches large loan range

Metro Bank has announced a number of rate changes to both its residential and buy-to-let product ranges.

26 Oct 2017

We’re not going to be slaves to the machine

We’re not going to be slaves to the machine

If death and taxes are the only certainties in life, I would like to add a new spectre, technical innovation. It has the same characteristics: it’s inevitable, it’s relentless and despite all the protesting, it is coming to get you! But should you actually be worried?

26 Oct 2017

Octane Capital appoints Senior BDM

Octane Capital appoints Senior BDM

Bridging lender Octane Capital has appointed Liam Lawlor as a Senior BDM.

26 Oct 2017

Barclays Q3 profits rise 32% as litigation costs fall

Barclays Q3 profits rise 32% as litigation costs fall

Barclays has reported Q3 profits before tax of £1.1bn, up 32% on the same period last year, driven by lower litigation and conduct costs.

26 Oct 2017

Debt adviser urges mortgage intermediaries 'to do more'

Debt adviser urges mortgage intermediaries 'to do more'

National debt adviser PayPlan is encouraging loan and mortgage intermediaries "to do more" when it comes to consumers who have previously been declined credit.

26 Oct 2017

Paragon launches new BTL portfolio and remortgage rates

Paragon launches new BTL portfolio and remortgage rates

Paragon has extended its buy-to-let product range with the addition of four two-year fixed rate portfolio products and new limited edition remortgage rates.

26 Oct 2017

New home registrations hit ten-year high in Q3

New home registrations hit ten-year high in Q3

Builders registered nearly 38,000 new homes in the UK during Q3, the highest third quarter total in a decade, according to NHBC’s latest new home registration statistics.

26 Oct 2017

Mortgage costs fall further despite impending rate rise: Mortgage Brain

Mortgage costs fall further despite impending rate rise: Mortgage Brain

Despite ongoing predictions of an interest rate rise, the cost of mortgages has continued to fall over the past three months, according to Mortgage Brain data.

25 Oct 2017

Skipton launches intermediary only three-year fixed rates

Skipton launches intermediary only three-year fixed rates

Skipton Building Society is launching a new range of three-year fixed rate products, available to intermediaries only.

25 Oct 2017

The Exeter announces entry into impaired protection market

The Exeter announces entry into impaired protection market

Specialist health and protection insurer The Exeter has announced its forthcoming launch into the impaired lives protection market.

25 Oct 2017

Vida parent completes £231m UK mortgage-backed securitisation

Vida parent completes £231m UK mortgage-backed securitisation

Belmont Green, which trades under the Vida Homeloans brand, has completed a £231m UK mortgage-backed securitisation led by NatWest Markets and Macquarie Bank.

25 Oct 2017

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