Latest News

Al Rayan Bank enhances Home Purchase Plan range

Al Rayan Bank enhances Home Purchase Plan range

Al Rayan Bank has further enhanced its Home Purchase Plan range by introducing two new products, reducing the rental rates for customers with larger deposits, and extending the length of time that customers can benefit from fixed or discounted variable monthly payments.

11 Nov 2015

FHL launches semi exclusive BTL range

FHL launches semi exclusive BTL range

Foundation Home Loans has launched a new semi exclusive range of products to the intermediary market through six of its packaging partners.

11 Nov 2015

Value of housing stock doubles in past decade

Value of housing stock doubles in past decade

The value of UK's private housing stock in August 2015 is estimated at £5.1 trillion compared with £3.3 trillion in 2005; an increase of £1.8 trillion - or 53% - over the past decade, according to Halifax.

11 Nov 2015

CML: current retirement landscape is inadequate

CML: current retirement landscape is inadequate

New CML research into consumer demand for retirement borrowing has identified "important knowledge gaps" in terms of understanding what consumers want and need in terms of products, as well as about how they make decisions about their retirement income and assets, and the advice they use (or would regard as valuable and trustworthy).

10 Nov 2015

One in five to cash in pension before retiring

One in five to cash in pension before retiring

One in five people (21%) plan to release cash over and above their tax-free lump sum from their pension funds while they are still working, according to Portus, the employment benefits consultancy firm.

10 Nov 2015

Former Deutsche Bank trader wins identity case against FCA

Former Deutsche Bank trader wins identity case against FCA

A London tribunal has ruled in favour of a former Deutsche Bank trader who was improperly identified by the FCA in a sanction notice related to Libor-rigging.

10 Nov 2015

Aldermore launches lowest ever BTL variable

Aldermore launches lowest ever BTL variable

Aldermore has today released a new limited edition buy-to-let remortgage product, the Bank's lowest ever buy-to-let term variable.

10 Nov 2015

FCA reveals plans for 'regulatory sandbox'

FCA reveals plans for 'regulatory sandbox'

The FCA has today published more information on the implementation of a 'regulatory sandbox', which would allow businesses to test out new, innovative financial products, services or business models without incurring all the normal regulatory consequences.

10 Nov 2015

Kent Reliance joins L&G Mortgage Club

Kent Reliance joins L&G Mortgage Club

Kent Reliance, the specialist intermediary lender and part of The OneSavings Bank Group, has announced that from today, over 8,000 registered members of Legal & General's Mortgage Club will have direct access to its mortgage range.

10 Nov 2015

Majority can't differentiate between guidance and advice

Majority can't differentiate between guidance and advice

Three quarters (76%) of consumers do not know the difference between financial advice and guidance, according to research from Aegon UK.

10 Nov 2015

 

Fleet reveals new launches following strong Q3 growth

Fleet reveals new launches following strong Q3 growth

Fleet Mortgages had £800m worth of buy-to-let business put through its system by intermediaries in the first nine months of this year, and is on track to hit lending targets for 2015.

10 Nov 2015

PFS appoints head of professional development

PFS appoints head of professional development

The Personal Finance Society has appointed Lee Travis as the body's new head of professional development.

10 Nov 2015

95% LTV lending doubles under HTB2

95% LTV lending doubles under HTB2

95% LTV mortgages almost doubled their contribution to overall mortgage activity during the first half of the Help to Buy mortgage guarantee scheme, according to analysis of Bank of England data by Genworth.

10 Nov 2015

BM Solutions to tier BTL stress rates

BM Solutions to tier BTL stress rates

BM Solutions is updating the notional/stress rate used in the rental assessment for Buy to Let and Let to Buy applications from 22 November.

09 Nov 2015

HTB - a shift towards the lending community?

HTB - a shift towards the lending community?

The next stage in the evolution of the Government's Help to Buy 'brand' was announced this week, when details of the HTB ISA were unveiled for the first time.

09 Nov 2015

Standard Life chair to replace Barclays' Michael Rake

Standard Life chair to replace Barclays' Michael Rake

Barclays has announced that Sir Gerry Grimstone has been appointed as non-executive Director with effect from 1 January 2016 and will succeed Sir Michael Rake as Senior Independent Director and Deputy Chairman.

09 Nov 2015

Leeds increases new build max LTVs

Leeds increases new build max LTVs

Leeds Building Society is increasing the maximum LTV lending it permits on new build properties.

09 Nov 2015

95% encounter workplace pension hurdles

95% encounter workplace pension hurdles

While 68% of employers feel a greater duty of care towards employee pensions as a result of the reforms, 95% of businesses are encountering hurdles that prevent them from doing so.

09 Nov 2015

Y3S Group doubles profit to £1.7m

Y3S Group doubles profit to £1.7m

Y3S Group, which comprises Y3S Loans, Y3S Bridging & Commercial and Chaseblue Loans, has reported a combined net profit before tax of £1.7m on total revenues of £7.55m for the year ending September 2015.

09 Nov 2015

2 in 3 say 'affordable' housing should be under £120,000

2 in 3 say 'affordable' housing should be under £120,000

2 in 3 believe affordable housing should cost less than £120,000 - half the amount stated in the Government's Housing and Planning Bill, which is currently being debated in Parliament, according to myhomemove.

09 Nov 2015

LV= appoints former Aviva MD

LV= appoints former Aviva MD

LV= has appointed Steve Treloar as Managing Director, General Insurance.

09 Nov 2015

Monthly secured lending soars by a third ahead of MCD

Monthly secured lending soars by a third ahead of MCD

Secured lending activity soared to £93.3m in September ahead of the Mortgage Credit Directive, according to the latest Enterprise Finance Secured Loan Index.

09 Nov 2015

Legal & General enhances partnership with Principality BS

Legal & General enhances partnership with Principality BS

Legal & General has announced it has extended its existing partnership with Principality Building Society.

09 Nov 2015

MetLife launches Guaranteed ISA

MetLife launches Guaranteed ISA

MetLife is targeting the ISA market with the launch of a Guaranteed ISA, offering the choice of income or capital guarantees.

09 Nov 2015

Smart Money receives FCA authorisation

Smart Money receives FCA authorisation

Smart Money Limited, the Chester based specialist secured loan and bridging distributor, has received its full permissions from the FCA.

09 Nov 2015

NIESR: GDP grows to 0.6% in November

NIESR: GDP grows to 0.6% in November

NIESR's monthly estimates of GDP suggest that output grew by 0.6% in the three months ending in October after growth of 0.5% in the three months ending in September.

06 Nov 2015

In the Spotlight with Rhydian Lewis, Ratesetter

In the Spotlight with Rhydian Lewis, Ratesetter

We spoke to Rhydian Lewis, founder and CEO of RateSetter, about the introduction of the Innovative Finance ISA, and the effect of the pension reforms on peer-to-peer lending.

06 Nov 2015

Low interest rates fuel overseas mortgage enquiries

Low interest rates fuel overseas mortgage enquiries

A belief that very low interest rates are 'the new normal' and an ongoing property undersupply are the driving factors behind a "considerable surge" in mortgage enquires for UK properties, according to deVere Mortgages.

06 Nov 2015

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