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FCA: mortgage panels pose risk to competition

FCA: mortgage panels pose risk to competition

More needs to be done to improve consumers' ability to make informed choices about mortgage deals, according to a new FCA report.

16 May 2016

Equifinance to launch in Scotland

Equifinance to launch in Scotland

Equifinance, the specialist second charge lender, is extending its product range into Scotland.

16 May 2016

Alpha Bridging rebrands ahead of P2P platform launch

Alpha Bridging rebrands ahead of P2P platform launch

Alpha Bridging is rebranding as Kuflink Bridging as it launches its new peer to peer platform.

16 May 2016

Pensions Dashboard timeline branded 'unacceptable'

Pensions Dashboard timeline branded 'unacceptable'

British savers will be left in the 'slow lane' unless the Government takes a more active role in ensuring the successful delivery of a Pensions Dashboard, according to Royal London.

16 May 2016

What's the big deal? Legal implications of Limited Company property purchase

What's the big deal? Legal implications of Limited Company property purchase

Although the examination of title acting for a Limited Company is the same as when acting for a private individual, there are a number of differences and added complexities which quite often result in solicitors charging more for Limited Companies.

13 May 2016

In the Spotlight with Angie Taylor, Dudley Building Society

In the Spotlight with Angie Taylor, Dudley Building Society

We spoke to Angie Taylor, BDM at Dudley Building Society, about 'mortgage misfits', lending into retirement, and how to keep up with the volume and complexity of regulatory change.

13 May 2016

Second charge: 'ignorance is bliss' vs 'knowledge is power'

Second charge: 'ignorance is bliss' vs 'knowledge is power'

Over the past year or so, particularly in the lead up to the introduction of the Mortgage Credit Directive, I have met many advisers and talked with them about the second-charge market and especially about how the sector would potentially change.

13 May 2016

Accord loosens affordability criteria

Accord loosens affordability criteria

Accord has modified its affordability criteria in a bid to make it easier for brokers to position a case and increase the chances of an application being accepted.

13 May 2016

Former Towry adviser banned for insider dealing

Former Towry adviser banned for insider dealing

The FCA has fined a financial adviser £36,285 and banned him for at least two years for engaging in market abuse.

13 May 2016

MAB expands in Scotland with new partnership

MAB expands in Scotland with new partnership

Mortgage Advice Bureau has partnered with Scottish broker Clear Mortgage Solutions as part of its growth strategy in the region.

13 May 2016

 

L&G adopts Twenty7Tec's second charge sourcing solution

L&G adopts Twenty7Tec's second charge sourcing solution

Legal & General Mortgage Club has announced a partnership with technology firm Twenty7Tec to provide brokers with a second charge sourcing solution.

13 May 2016

Virgin Money launches intermediary exclusive BTL rates

Virgin Money launches intermediary exclusive BTL rates

Virgin Money has cut rates across its residential and buy-to-let ranges, and launched new intermediary exclusives.

13 May 2016

Ex-Deutsche Bank MD given record sentence for insider dealing

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Ex-Deutsche Bank MD given record sentence for insider dealing

In a case brought by the FCA, Martyn Dodgson, a senior investment banker, and Andrew Hind, a Chartered Accountant, have been sentenced at Southwark Crown Court to 4.5 years and 3.5 years imprisonment, respectively. Dodgson's sentence is the longest ever handed down for insider dealing in a case brought by the FCA.

13 May 2016

MPs find 'substantial and continuing' mis-selling risks

MPs find 'substantial and continuing' mis-selling risks

The Committee of Public Accounts has warned that there are "substantial and continuing risks that financial services will be mis-sold" and believes that too little has been done to tackle the cultural problems behind mis-selling.

13 May 2016

'Economic uncertainty' behind 19% drop in approvals

'Economic uncertainty' behind 19% drop in approvals

House purchase approvals in April totalled 57,512, down 19.4% from the 71,357 loans granted the previous month, according to e.surv.

13 May 2016

Connect for Intermediaries partners with Kensington

Connect for Intermediaries partners with Kensington

Connect for Intermediaries has become the latest specialist distributor to partner with Kensington.

13 May 2016

SimplyBiz launches Hinckley & Rugby exclusive

SimplyBiz launches Hinckley & Rugby exclusive

SimplyBiz Mortgages has launched a 90% LTV three-year fixed rate exclusive through Hinckley & Rugby.

13 May 2016

No-one to face prosecution over RBS bail-out

No-one to face prosecution over RBS bail-out

The Crown office has announced that no-one involved in the failure of RBS will face prosecution.

12 May 2016

BoE projections show Bank Rate of just 0.8% by 2019

BoE projections show Bank Rate of just 0.8% by 2019

In the Bank of England's latest Inflation Report, the market-implied path for Bank Rate drops to 0.4% until Q2 2017 before reaching 0.8% in three years' time.

12 May 2016

MPC maintains Bank Rate but raises Brexit concerns

MPC maintains Bank Rate but raises Brexit concerns

At its latest meeting, the MPC voted unanimously to maintain Bank Rate at 0.5%, despite some economists predicting members to vote for a decrease.

12 May 2016

Keystone introduces split BTL stress tests

Keystone introduces split BTL stress tests

Keystone Property Finance is introducing separate stress tests for individual and limited company borrowers.

12 May 2016

Google to ban 'harmful' payday loan ads

Google to ban 'harmful' payday loan ads

Google has announced that it is banning ads for payday loans and other 'deceptive or harmful financial products' from its ads systems.

12 May 2016

Flexible lenders keeping repossessions low: CML data

Flexible lenders keeping repossessions low: CML data

Repossessions and arrears are continuing to fall, dropping to 2,100 in Q1 to the lowest on record, according to CML data.

12 May 2016

City Minister: Brexit would 'significantly weaken' UK financial services

City Minister: Brexit would 'significantly weaken' UK financial services

Economic Secretary to the Treasury, Harriett Baldwin, has warned that leaving the EU could "severely damage the competitiveness of the UK's financial services industry".

12 May 2016

Lifetime ISA 'muddies the waters', says Aegon CEO

Lifetime ISA 'muddies the waters', says Aegon CEO

Adrian Grace, UK Chief Executive of Aegon has warned that the Lifetime ISA "presents risks if poorly positioned as a competitor to workplace pensions".

12 May 2016

Aldermore mortgage lending up 60% to £542m

Aldermore mortgage lending up 60% to £542m

Aldermore has reported strong growth in its business finance and mortgages divisions in Q1 2016, with mortgage origination rising by 60% to £542m.

12 May 2016

Royal London in partnership search after record quarter

Royal London in partnership search after record quarter

Royal London has announced a record quarter of new business results for Q1 2016 and is now hunting for new distribution partnerships.

12 May 2016

Saffron launches limited edition 5-year fix

Saffron launches limited edition 5-year fix

Saffron For Intermediaries has launched a limited edition 5-year fixed rate mortgage deal for purchase or remortgage.

12 May 2016

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