Latest News

Kensington raises max loan size for FTB and BTL

Kensington raises max loan size for FTB and BTL

Kensington Mortgages has today increased the maximum loan limits for First Time Buyers and Buy to Let mortgages.

08 Apr 2016

PRA fines bank £1.4m for 'significant' regulatory failings

PRA fines bank £1.4m for 'significant' regulatory failings

The PRA has fined QIB £1,384,950 for "significant failings in assessing, maintaining and reporting to the regulator on its financial resources".

08 Apr 2016

Uinsure expands BDM team

Uinsure expands BDM team

Uinsure has appointed former Paymentshield Regional Sales Manager Helen Linnen as BDM for the South West and Wales.

08 Apr 2016

Skipton calls for end to tax on all savings accounts

Skipton calls for end to tax on all savings accounts

Many savers don't understand the rules associated with the new PSA and existing types of savings accounts, according to Skipton Building Society.

08 Apr 2016

CML members vote in favour of trade body merger

CML members vote in favour of trade body merger

Members of the Council of Mortgage Lenders have voted in favour of a new trade association for financial services firms; incorporating the CML, the British Bankers' Association, Payments UK, and the UK Cards Association.

07 Apr 2016

HSBC widens intermediary offering with new partnerships

HSBC widens intermediary offering with new partnerships

HSBC has widened the availability of its mortgages through three new brokers - Springtide Capital, Alexander Hall and SPF Private Clients.

07 Apr 2016

P2P leader hits back at Adair Turner in open memo

P2P leader hits back at Adair Turner in open memo

Bruce Davis, cofounder of P2P finance platforms Zopa and Abundance, has written an open memo to Adair Turner about why the IFISA is such an important step in both stimulating real competition in the finance sector and de-risking investment in the UK economy.

07 Apr 2016

FCA relaxes affordability for hybrid lifetime mortgages

FCA relaxes affordability for hybrid lifetime mortgages

The FCA has announced that it will allow lifetime mortgage lenders to skip affordability assessments for interest-charging lifetime mortgages that can convert to roll-up mortgages.

07 Apr 2016

Webb: early access to women's state pension 'not a solution'

Webb: early access to women's state pension 'not a solution'

Responding to the DWP Select Committee's call for views on allowing certain women to draw their state pension early, Royal London has raised concerns that this would be of "little or no benefit" to the women most affected by rising state pension ages, whilst adding "considerable complexity" to the system.

07 Apr 2016

New mortgage and protection network launches

New mortgage and protection network launches

Former Appointed Representative of Legal & General Network, The Finance Planning Group, has launched as a Directly Authorised network.

07 Apr 2016

 

Intermediary needs and lender offerings 'misaligned'

Intermediary needs and lender offerings 'misaligned'

There continues to be a "clear misalignment" between intermediary requirements and current lender offerings, according to IRESS.

07 Apr 2016

Clever Lending urges DAs to decide second charge route

Clever Lending urges DAs to decide second charge route

Clever Lending says it is still seeing a number of Directly Authorised adviser firms unsure as to which route they go down for dealing with increasing second charge mortgage enquiries.

07 Apr 2016

AMI urges FCA to tackle 'unfair' MCD disclosure rules

AMI urges FCA to tackle 'unfair' MCD disclosure rules

The AMI has urged FCA to crack down on "weaker MCD disclosure rules for lenders" in a bid to re-level the playing field for advisers.

07 Apr 2016

Keystone rebrands ahead of planned expansion

Keystone rebrands ahead of planned expansion

Keystone Buy to Let Mortgages has refreshed its name to Keystone Property Finance.

07 Apr 2016

Halifax: annual house price growth above 10%

Halifax: annual house price growth above 10%

Prices in Q1 2016 were 10.1% higher than in the same three months a year earlier, according to the latest Halifax house price index.

07 Apr 2016

Chelsea BS launches fee-free offset range

Chelsea BS launches fee-free offset range

Chelsea Building Society has launched a new fee-free offset mortgage range.

07 Apr 2016

LendInvest records record-breaking March

LendInvest records record-breaking March

LendInvest has reportedly completed bridging loans worth over £50 million in March - the biggest volume of lending the business has done since it launched in 2013.

07 Apr 2016

Virgin announces 4x LTI cap for large loans

Virgin announces 4x LTI cap for large loans

Virgin Money has announces a maximum loan to income multiple of x4 for loans over £500,000.

06 Apr 2016

Leeds expands intermediary lending team

Leeds expands intermediary lending team

Leeds Building Society has continued to strengthen its intermediary team with the appointment of three new BDMs - Leanne Arundell for Central and East England, Heidi Deaton for North and South Yorkshire and Humberside, and Andy Millard for the South Coast.

06 Apr 2016

John Truswell to leave Virgin Money

John Truswell to leave Virgin Money

John Truswell, Head of National Accounts at Virgin Money, has announced his resignation after 20 years at the firm.

06 Apr 2016

The Mansfield extends lending age to 85

The Mansfield extends lending age to 85

Mansfield Building Society has extended the maximum age from 80 to 85 on its 2 year discounted rate product to 60% LTV.

06 Apr 2016

Just 11 providers FCA authorised for IFISA launch

Just 11 providers FCA authorised for IFISA launch

According to the FCA register, just 11 providers have received the required permissions to offer the IFISA which launches today.

06 Apr 2016

Industry collaboration ensures strong business levels post-MCD

Industry collaboration ensures strong business levels post-MCD

Fluent Money says that strong collaboration between lenders, distributors and brokers in the run up to MCD implementation played a big part in ensuring that business and service levels have been maintained since the deadline passed.

06 Apr 2016

FCA announces testing date for regulatory sandbox

FCA announces testing date for regulatory sandbox

The FCA has announced that it will start accepting testing proposals for its 'regulatory sandbox' on the 9th May.

06 Apr 2016

Atom Bank launches with app-only savings range

Atom Bank launches with app-only savings range

Atom Bank announced today that its regulatory restriction has been lifted, and its banking app has gone live after the licence was granted just over nine months ago. The app will be made available to everyone who has pre-registered their interest through the Atom Bank website.

06 Apr 2016

Holloway Friendly increases new business commission

Holloway Friendly increases new business commission

Holloway Friendly has announced a 14% increase in new business commission rates for advisers on all income protection products.

06 Apr 2016

Newcastle Intermediaries expands self-employed range

Newcastle Intermediaries expands self-employed range

Newcastle Intermediaries has launched two new products in response to continued growth in the self employed market.

06 Apr 2016

OneFamily to enter lifetime mortgage market

OneFamily to enter lifetime mortgage market

OneFamily has announced its intention to enter the lifetime mortgage market during the first half of 2016.

06 Apr 2016

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