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HBOS failure report leads to call for FCA review

HBOS failure report leads to call for FCA review

Released today, the Treasury Committee’s Review of the reports into the failure of HBOS, the chair of the committee Andrew Tyrie MP said regulators’ ability to protect consumers from regulatory failures, was still a “work in progress”, particularly at the FCA.

26 Jul 2016

Retirement plans shelved as over-55s feel the pinch

Retirement plans shelved as over-55s feel the pinch

The latest report into retirement planning from Aviva has discovered that only 36% of unretired over-55s had started their retirement planning during Q2 2016: the lowest percentage since Aviva began tracking this data two years ago.

26 Jul 2016

NatWest & RBS consider imposing negative interest rates

NatWest & RBS consider imposing negative interest rates

Natwest and Royal Bank of Scotland have warned businesses they may have to introduce negative interest rates and charge them to accept deposits, due to low interest rates.

26 Jul 2016

Mortgage approvals bounce back from Stamp Duty dip: BBA

Mortgage approvals bounce back from Stamp Duty dip: BBA

The latest figures from the British Bankers' Association has shown that June's mortgage approvals bounced back from the Stamp Duty-driven dip in April.

26 Jul 2016

Stonebridge launches DA proposition

Stonebridge launches DA proposition

Stonebridge Group, the mortgage and insurance network, has announced the launch of its new proposition for directly authorised advisers.

26 Jul 2016

LendInvest boosts Scottish business with new hire

LendInvest boosts Scottish business with new hire

Specialist lender LendInvest has appointed Peter McDermid as Business Development Manager for Scotland, its first hire outside of London.

26 Jul 2016

1 in 7 pensioners boosts income by working, Metlife data shows

1 in 7 pensioners boosts income by working, Metlife data shows

Nearly one in seven over-65s are boosting their retirement income by working, earning around £296 in addition per week, MetLife’s analysis of pensioners’ income statistics shows.

26 Jul 2016

AEMA adopts Mortgage Brain technology

AEMA adopts Mortgage Brain technology

The Association of Expert Mortgage Advisors, or AEMA, which accounts for almost 50% of all mortgage broker business in Ireland, is going digital with the adoption of Mortgage Trading Exchange.

25 Jul 2016

NatWest launches new build & FTB deals

NatWest launches new build & FTB deals

NatWest Intermediary Solutions will be launching a number of new mortgage deals into its core range tomorrow for customers buying a new build property, alongside making a significant number of rate reductions to its standard residential purchase mortgages.

25 Jul 2016

Bridgebank Capital makes business development hire

Bridgebank Capital makes business development hire

Bridgebank Capital has welcomed Sarah Fisher to its Business Development Team, to support the company’s continued growth across City and Central London.

25 Jul 2016

 

Over half of over-55s reluctant - or unable - to downsize

Over half of over-55s reluctant - or unable - to downsize

A recent survey conducted by provider of mover conveyancing services, My Home Move, has revealed that 58% of over 55s have no intention to downsize in the near future, despite industry calls for more family-sized properties to come onto market.

25 Jul 2016

Brokers shouldn't neglect 'essential' GI for underinsured consumers

Brokers shouldn't neglect 'essential' GI for underinsured consumers

With the news that Brits are underinsuring the contents in their homes by an average of £20,000 according to the latest data from MoneySuperMarket, we spoke to Jason Berry, of GI provider Uinsure, about how brokers can help.

25 Jul 2016

Two-year fixes see biggest rate drop in H1

Two-year fixes see biggest rate drop in H1

The latest research from Moneyfacts confirms that average rates across all fixed mortgage terms have fallen since the start of this year.

25 Jul 2016

The Loans Engine scraps master broker fee

The Loans Engine scraps master broker fee

Specialist finance broker, The Loans Engine, has revealed that from today it is scrapping its all-encompassing master broker fee and replacing it with a simple application fee, with the aim of keeping in line with the first-charge mortgage market.

25 Jul 2016

First time buyer numbers rise 10% in H1

Mortgages

First time buyer numbers rise 10% in H1

The number of first time buyers increased by an estimated 10% in the first six months of 2016 compared with the same period in 2015, according to Halifax.

23 Jul 2016

In the Spotlight with Karen Hedges, First Complete

In The Spotlight

In the Spotlight with Karen Hedges, First Complete

We spoke to Karen Hedges, Mortgage Manager at First Complete, about the growth of the intermediary market and the importance of protection.

22 Jul 2016

First Direct cuts fixed rates by up to 0.51%

First Direct cuts fixed rates by up to 0.51%

First Direct has cut two and five year fixed rates by up to 0.51%.

22 Jul 2016

Government rejects Lifetime ISA investigation

Government rejects Lifetime ISA investigation

The government says it has no plans to research the impact of the Lifetime ISA on auto-enrolment, despite DWP calling for "urgent research on any effect of the LISA on pension saving through AE".

22 Jul 2016

FCA launches new commitments to firms applying for authorisation

FCA launches new commitments to firms applying for authorisation

The FCA says it is introducing new commitments to firms applying for authorisation.

22 Jul 2016

Brokers say delays biggest post-MCD challenge

Brokers say delays biggest post-MCD challenge

Delays to mortgage applications have caused brokers the most difficulty following the implementation of MCD, according to an MTF survey.

22 Jul 2016

Five GI firms face FCA action over AR mis-selling

Five GI firms face FCA action over AR mis-selling

The FCA has found "significant shortcomings" in the control and oversight of appointed representatives by their principal firms in the general insurance sector.

22 Jul 2016

UK economy sees "dramatic deterioration" in July

UK economy sees "dramatic deterioration" in July

The UK economy contracted at its steepest pace since 2009 in July, according to new data.

22 Jul 2016

HSBC expands distribution to four new brokers

HSBC expands distribution to four new brokers

HSBC is expanding the availability of its mortgages through four additional brokers - Sesame, Mortgage Advice Bureau, Stonebridge Group and Mortgage Intelligence.

22 Jul 2016

Referendum sparks rise in remortgage intermediary use

Referendum sparks rise in remortgage intermediary use

The percentage of remortgagors consulting a broker or adviser rose by 3% from 38% in May to 41% in June – the highest amount since December 2015, according to LMS.

22 Jul 2016

TSB broker service drives 21% lending rise

TSB broker service drives 21% lending rise

TSB saw a 21.2% increase in lending to £23.1 billion in H1, partly attributed to its mortgage broker service, which attracted over £3 billion of mortgage applications.

22 Jul 2016

City house price growth stalls post-Referendum

City house price growth stalls post-Referendum

Annual house price growth plateaued at 10.2% in June, the same level as May, but still ahead of 6.9% growth seen in June 2015.

22 Jul 2016

Nationwide's new upper age limit launches through intermediaries

Nationwide's new upper age limit launches through intermediaries

From today, Nationwide Building Society is launching its new maximum age for borrowing of 85, available for both existing mortgage customers and those remortgaging from other lenders.

21 Jul 2016

NatWest Intermediary appoints eight BDMs

NatWest Intermediary appoints eight BDMs

NatWest Intermediary Solutions has appointed eight new BDMs - six new phone-based and two field-based.

21 Jul 2016

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