Latest News

Will Right to Buy 'disrupt a well functioning sector'?

Will Right to Buy 'disrupt a well functioning sector'?

Following the announcement yesterday that the government's Right to Buy scheme will pilot with five housing associations, Stephen Smith, Director of Legal & General Housing Partnerships, has called the extension of the policy 'unfortunate', claiming that the scheme will reduce the availability of affordable homes.

26 Jan 2016

Potential value of equity release market hits £361bn

Potential value of equity release market hits £361bn

The potential wealth available to over 55s in the UK through equity release stands at £361bn, according to new research from Retirement Advantage.

26 Jan 2016

Majority of advisers sceptical about robo-advice

Majority of advisers sceptical about robo-advice

Advisers are split as to whether robo-advice will become mainstream in future with just under half (48%) believing it will be widely adopted, according to research from Aegon UK.

26 Jan 2016

BoE's Andrew Bailey appointed CEO of the FCA

BoE's Andrew Bailey appointed CEO of the FCA

Bank of England Deputy Governor Andrew Bailey has been appointed as the new CEO of the Financial Conduct Authority and will leave the Bank after 30 years of service.

26 Jan 2016

Pension schemes 'slow to embrace drawdown'

Pension schemes 'slow to embrace drawdown'

Nearly two-thirds (61%) of trust-based pension schemes have yet to provide access to a Flexi Access Drawdown Facility for their members, according to research by Willis Towers Watson.

26 Jan 2016

Equity withdrawn through remortgaging at nine-year high

Equity withdrawn through remortgaging at nine-year high

The total amount of equity withdrawn through remortgaging hit £837m in December, up 32% from December 2014's £635m, according to research from LMS.

26 Jan 2016

Pepper Homeloans appoints Colin Snowdon as MD

Pepper Homeloans appoints Colin Snowdon as MD

Pepper Homeloans has announced that Colin Snowdon will be joining the organisation as Managing Director on the 1st February.

25 Jan 2016

Government launches Right to Buy pilot

Government launches Right to Buy pilot

From today, the first housing association tenants will be able to apply for the new Right to Buy scheme as part of a pilot that is being run by 5 housing associations ahead of the national rollout later this year.

25 Jan 2016

New credit scoring platform utilises online data

New credit scoring platform utilises online data

A new cloud-based credit scoring service has launched in UK, aiming to improve loan quality and acceptance rates through the use of big data.

25 Jan 2016

90% of lenders say they are 'in the midst of a price war'

90% of lenders say they are 'in the midst of a price war'

Target Group, the financial services outsourcing and software provider, has revealed that 9 in 10 (90%) banks, building societies and P2P lenders believe that the UK lending market is in the midst of a price war.

25 Jan 2016

 

Virgin Money increases Defined Access ISA rates

Virgin Money increases Defined Access ISA rates

Virgin Money is increasing the variable interest rate on its Defined Access ISA to 1.51%.

25 Jan 2016

Sesame expands adviser support team

Sesame expands adviser support team

Sesame Bankhall Group is expanding support for its members with the appointment of Jeff Woods as business development director.

25 Jan 2016

Fleet Mortgages places £1.2bn in first year

Fleet Mortgages places £1.2bn in first year

Fleet Mortgages has announced that £1.2 billion of business flowed through its system in its first year of lending.

25 Jan 2016

V Loans launches second charge advisory service

V Loans launches second charge advisory service

V Loans has announced the launch of its MCD-ready second charge advisory service.

25 Jan 2016

more 2 life introduces flexible repayment plan

more 2 life introduces flexible repayment plan

Lifetime mortgage lender more 2 life is introducing a flexible repayment option to its Premier Choice plan.

25 Jan 2016

Equity release lending hits record high in Q4

Equity release lending hits record high in Q4

Retirees unlocked a record amount of housing wealth via drawdown lifetime mortgages in Q4 2015, pushing annual equity release lending to a new high of £1.61bn, according to year-end results from the Equity Release Council.

25 Jan 2016

In the Spotlight with Graham Donald, Equiniti Pancredit

In the Spotlight with Graham Donald, Equiniti Pancredit

We spoke to Graham Donald, Managing Director of Equiniti Pancredit, about the regulation of the consumer credit industry and Equiniti Pancredit's upcoming plans.

22 Jan 2016

Time to stand tall

Time to stand tall

It seems to me that as the equity release industry goes from strength to strength the naysayers are adamant in slapping us down.

22 Jan 2016

Coventry for intermediaries cuts resi and BTL rates

Coventry for intermediaries cuts resi and BTL rates

Coventry for intermediaries has reduced interest rates on its residential mortgages at 90% LTV and Buy to Let at 75% LTV, including 2 Year Fixed, 5 Year Fixed and Flexx for Term products.

22 Jan 2016

Self-cert mortgage lender ceases lending

Self-cert mortgage lender ceases lending

Self-certification mortgage lender selfcert.co.uk has ceased taking new applications until further notice.

22 Jan 2016

Newcastle BS launches 3.29% 10-year fix

Newcastle BS launches 3.29% 10-year fix

Newcastle Building Society has launched a 10 year mortgage at a fixed rate of 3.29% up to 80% LTV with no fees.

22 Jan 2016

Shawbrook revamps Residential Refurbishment range

Shawbrook revamps Residential Refurbishment range

Following the recent introduction of the new RI0 range for Residential Investment, Shawbrook has cut rates on its Residential Refurbishment range.

22 Jan 2016

Bridging loans hit half a billion in 2015

Bridging loans hit half a billion in 2015

Bridging loans hit almost half a billion pounds during 2015, according to the latest Bridging Trends data.

22 Jan 2016

Fleet Mortgages adds Personal Touch to panel

Fleet Mortgages adds Personal Touch to panel

Fleet Mortgages has announced the addition of adviser network, Personal Touch Financial Services, to its distributor panel.

22 Jan 2016

Precise Mortgages launches MCD-compliant system

Precise Mortgages launches MCD-compliant system

Precise Mortgages, the specialist lender, has released a Mortgage Credit Directive ready version of their online mortgage application system for first charge lending.

22 Jan 2016

Yorkshire BS cuts high LTV rates by up to 0.50%

Yorkshire BS cuts high LTV rates by up to 0.50%

Yorkshire Building Society is launching a two-year fixed rate of 2.59% for borrowers with a 10% deposit.

22 Jan 2016

TSB launches BTL remortgage range

TSB launches BTL remortgage range

TSB has today launched two new mortgages for buy-to-let landlords looking to remortgage.

21 Jan 2016

Skipton to integrate financial advice subsidiary

Skipton to integrate financial advice subsidiary

Skipton Building Society has announced plans to integrate Skipton Financial Services, its wholly owned financial advice subsidiary, into Skipton Building Society, to form one combined business.

21 Jan 2016

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