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Bright Grey rebrands to Royal London

Bright Grey rebrands to Royal London

Royal London has announced that its protection business, Bright Grey, has now become Royal London.

30 Nov 2015

October mortgage sales growth falls 8.5%

October mortgage sales growth falls 8.5%

Mortgage sales growth has significantly slowed in the past month, according to analysis by Equifax Touchstone.

30 Nov 2015

FCA warns advisers on risks of outsourcing advice

FCA warns advisers on risks of outsourcing advice

Firms that are approached to delegate their regulated activities, such as providing pension switching advice, to an unauthorised third party need to be aware of "serious implications", according to the FCA.

30 Nov 2015

BoE: remortgage approvals dip in October

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BoE: remortgage approvals dip in October

Net mortgage lending increased by £3.6 billion in October, compared to the average monthly increase of £2.8 billion over the previous six months. according to the latest Bank of England Money and Credit report.

30 Nov 2015

Will stamp duty changes cause conveyancing 'mayhem'?

Will stamp duty changes cause conveyancing 'mayhem'?

Broker Conveyancing has warned that the increases to stamp duty land tax for buy-to-let and second home purchasing, announced in last week's Autumn Statement, could cause conveyancing 'mayhem' next year.

30 Nov 2015

LendInvest backs 1% of privately built homes in 2015

Christian Faes - Montello

LendInvest backs 1% of privately built homes in 2015

LendInvest has supplied finance for 1,222 new properties in the UK housing market since the start of 2015, almost double the 2014 total of 663 units.

30 Nov 2015

8 in 10 remortgagors switch lenders

8 in 10 remortgagors switch lenders

Nearly eight in 10 (79%) remortgagors switched lenders when seeking a different remortgage deal last month, according to LMS.

30 Nov 2015

Leek United appoints new Non-Executive Directors

Leek United appoints new Non-Executive Directors

Leek United Building Society has appointed two new Non-Executive Directors, John Leveson and Kerry Spooner, to its Board.

30 Nov 2015

Halifax Help to Buy ISA to offer a rate of 4%

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Halifax Help to Buy ISA to offer a rate of 4%

Halifax Help to Buy ISA will offer a rate of 4% and is available to first-time buyers over the age of 16 from the 1st December 2015.

28 Nov 2015

Shepherds Friendly to develop intermediary partnerships

Shepherds Friendly to develop intermediary partnerships

Mutual society Shepherds Friendly has appointed a new head of sales, Antony Uttley, to help develop partnerships in the intermediary market and highlight new areas for growth to drive sales.

27 Nov 2015

 

In the Spotlight with Yasin Patel, Amicus

In the Spotlight with Yasin Patel, Amicus

We spoke to Yasin Patel, Divisional Director at Amicus, about the importance of broker education and confidence in the STL market.

27 Nov 2015

Bridging lender sees record completions

Bridging lender sees record completions

Last Friday, bridging lender Century Capital broke all previous records by completing on four substantial loans in a single day.

27 Nov 2015

Will the lure of independence be enough?

Will the lure of independence be enough?

I have spoken many times about the need for mortgage brokers to embrace secured loans and accept them as a mainstream product.

27 Nov 2015

The Lending Channel achieves industry recognition

The Lending Channel achieves industry recognition

The Lending Channel has been awarded 'Best Key Market Deal of 2015' by the Bank of Scotland Business Development Team.

27 Nov 2015

Accord cuts BTL rates

Accord cuts BTL rates

Accord Buy to Let has reduced the rates on its range of two-year fixed rate 75% LTV mortgages by 0.10%, with the option of added incentives.

27 Nov 2015

Two-thirds don't know what stamp duty means

Two-thirds don't know what stamp duty means

While nearly half of Brits (46%) claim they understand home-buying terminology, new research shows that actually two thirds - including the most experienced home-buyers - fail to identify the real meaning of terms such as stamp duty and offset mortgage.

27 Nov 2015

PRA fines bank £1.3m for outsourcing failures

PRA fines bank £1.3m for outsourcing failures

The Prudential Regulation Authority has fined R. Raphael & Sons £1,278,165 for potentially putting its safety and soundness at risk by failing to properly manage its outsourcing arrangements.

27 Nov 2015

Land Registry: house prices up 5.6% in October

Land Registry: house prices up 5.6% in October

House prices rose by 5.6% in October, taking the average property value in England and Wales to £186,350, according to the latest Land Registry house price index.

27 Nov 2015

House price growth softens in November

House price growth softens in November

House prices increased by 0.1% in November, while annual house price growth softened to 3.7%, according to the latest Nationwide house price index.

27 Nov 2015

FTB sales drop 8.5%

FTB sales drop 8.5%

October first-time buyer sales have experienced a three-month downturn, according to the latest First-time Buyer Tracker from Your Move & Reeds Rains.

27 Nov 2015

Putting the cart before the horse

Putting the cart before the horse

Decisions, decisions. Our lives present us with a constant array of decisions to be made, the outcome of which can have a hugely significant impact on not just our own situations but those of our nearest and dearest. The older we get of course, the more experience we should have in making the right decisions and we also (hopefully) should have more idea about what can happen should we make the wrong choice.

26 Nov 2015

Innovative Finance ISA to include crowdfunding debt

Innovative Finance ISA to include crowdfunding debt

The government has announced that there is a strong case for allowing crowdfunded debt securities (i.e. bonds and debentures) issued by companies to be held in ISAs.

26 Nov 2015

Coventry's Kevin Purvey appointed IMLA Chairman

Coventry's Kevin Purvey appointed IMLA Chairman

The Intermediary Mortgage Lenders Association has announced that Kevin Purvey will replace Charles Haresnape as Chairman from 1st December 2015.

26 Nov 2015

Teachers BS launches new HTB and Shared Ownership fixes

Mortgages

Teachers BS launches new HTB and Shared Ownership fixes

Teachers Building Society has launched new Help to Buy and Shared Ownership Fixed Rate mortgages, offering a Shared Ownership rate of 4.99% at 95% LTV, fixed for 3 years and available for purchase and remortgage.

26 Nov 2015

Complete FS expands underwriting team

Complete FS expands underwriting team

Complete FS, the specialist packager based on the South Coast, has expanded its broker facing teams.

26 Nov 2015

Tesco Bank cuts fixed rates

Tesco Bank cuts fixed rates

Tesco Bank has cut products fees on a range of 2, 3 and 5 year fixed rate mortgages.

26 Nov 2015

FCA fines Barclays £72m for financial crime risks

FCA fines Barclays £72m for financial crime risks

The FCA has fined Barclays £72,069,400 for failing to minimise financial crime risks - the largest fine that has been imposed by the FCA and its predecessor the FSA for financial crime failings.

26 Nov 2015

Firms ordered to pay fee for FCA PPI campaign

Firms ordered to pay fee for FCA PPI campaign

The FCA is planning to launch a consumer communications campaign to raise awareness of the new deadline to make PPI complaints, which will be funded by 18 firms who have received around 90% of all PPI complaints.

26 Nov 2015

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