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Generational wealth gap sparking rising inequality among millennials

Generational wealth gap sparking rising inequality among millennials

Rising inheritances will deliver the biggest benefit for those already well off, sparking rising inequality and a social mobility divide amongst younger generations, according to the IFS.

05 Jan 2017

Most vulnerable pensioners unprotected by triple lock, warns Altmann

Most vulnerable pensioners unprotected by triple lock, warns Altmann

Triple lock has kicked in for 2017/18 as earnings and prices rose by less than 2.5%, but pensioners deserve "proper protection, not just political gimmicks", warns former pensions minister Ros Altmann.

04 Jan 2017

Former Santander Director joins Signature Private Finance

Former Santander Director joins Signature Private Finance

Signature Private Finance has appointed former Santander Director of Business Banking, Gary Playle, as its new Business Development Manager to support brokers in London and the South.

04 Jan 2017

YBS Group pledges to continue 95% LTV lending

YBS Group pledges to continue 95% LTV lending

The Yorkshire Building Society Group, including its intermediary-arm Accord Mortgages, increased its 95% LTV lending by more than 50% in 2016 compared to 2015, and has pledged to remain in this market as part of its ongoing support of first-time buyers.

04 Jan 2017

Landbay launches professional BTL range

Landbay launches professional BTL range

Landbay has launched a new range of products aimed at professional landlords in response to "a more complex lending environment in 2017".

04 Jan 2017

Shared ownership still unaffordable for London first-time buyers

Shared ownership still unaffordable for London first-time buyers

Most under 30s are unable to afford even the minimum share of a studio or one-bedroom shared ownership property within a 20-mile radius of London, according to Which? data.

04 Jan 2017

Inflation predicted to reach up to 5% in 2017

Inflation predicted to reach up to 5% in 2017

Economic recovery and interest rate and commodity price rises will spur wage-push inflation of up to 5% in the US and the UK, according to international asset management firm Managing Partners Group.

04 Jan 2017

Just 8% of savers confident they're on the best rate

Just 8% of savers confident they're on the best rate

5.7m Brits plan to switch savings account in 2017, as only 8% are sure they’re on best rate, according to new research from Masthaven.

04 Jan 2017

Remortgage approvals soar to eight-year high: BoE

Remortgage approvals soar to eight-year high: BoE

The number of approvals for remortgaging was 45,683 in November - the highest figure seen since October 2008, according to the latest Bank of England Money and Credit figures.

04 Jan 2017

The Mansfield launches 75% LTV buy-to-let range

The Mansfield launches 75% LTV buy-to-let range

Mansfield Building Society has launched a new buy-to-let range up to 75% LTV and updated its rental income criteria in response to the PRA's new underwriting standards.

04 Jan 2017

 

PLSA: halt further increases in State Pension age

PLSA: halt further increases in State Pension age

The Pensions and Lifetime Savings Association has responded to the Independent Review of the State Pension Age calling for no further increase to the age people receive their State Pension.

03 Jan 2017

Chase de Vere partners with Intelliflo

Chase de Vere partners with Intelliflo

Chase de Vere is partnering with Intelliflo to upgrade its back, middle and front office systems.

03 Jan 2017

Aldermore cuts rates and announces HTB replacement

Aldermore cuts rates and announces HTB replacement

Aldermore has reduced rates on many of its residential mortgage products as well as announcing a replacement for the Help to Buy: Mortgage Guarantee scheme.

03 Jan 2017

Leeds launches fee-free remortgage range

Leeds launches fee-free remortgage range

Leeds Building Society is adding to its mortgage range from Friday 6th January with a selection of deals specifically for remortgagors.

03 Jan 2017

TSB Chairman joins Tilney Bestinvest

TSB Chairman joins Tilney Bestinvest

Investment and financial planning group Tilney Bestinvest has appointed Will Samuel as Chairman, subject to FCA approval.

03 Jan 2017

Steve Webb and ex-FSA Director named in New Year Honours

Steve Webb and ex-FSA Director named in New Year Honours

Former Pensions Minister Steve Webb has received a knighthood in this year’s New Year’s Honours list.

03 Jan 2017

'Thousands' of Starter Homes to be built in 2017

'Thousands' of Starter Homes to be built in 2017

2017 will see the first Starter Homes being built on brownfield sites across the country, Housing Minister Gavin Barwell announced today.

03 Jan 2017

Virgin Money launches new residential and BTL rates

Virgin Money launches new residential and BTL rates

Virgin Money has launched new mortgage products across its residential and buy-to-let ranges.

03 Jan 2017

Aegon reveals plans for Cofunds as acquisition completes

Aegon reveals plans for Cofunds as acquisition completes

Aegon has completed the acquisition of Cofunds from Legal & General in a £140m deal, creating the UK’s largest platform business.

03 Jan 2017

Majority to be affected by stricter BTL rules

Majority to be affected by stricter BTL rules

The majority of landlords say they will be affected by the forthcoming changes to both income tax relief and stricter mortgage affordability checks.

03 Jan 2017

Halifax Intermediaries reveals new 95% LTV rates

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Halifax Intermediaries reveals new 95% LTV rates

Halifax Intermediaries has announced its new 95% LTV rates after pledging to continue supporting mortgage borrowers beyond the closure of the government’s Help to Buy: mortgage guarantee scheme on 31st December 2016.

03 Jan 2017

Seven predictions for financial services in 2017

Seven predictions for financial services in 2017

2016 has been a tumultuous year, both for financial services and the wider economy. With a Trump presidency, the triggering of Article 50, and tighter mortgage affordability all on the cards for 2017, we took a look at the finance industry's predictions for the year ahead.

03 Jan 2017

In the Spotlight with Richard Sexton, e.surv

In the Spotlight with Richard Sexton, e.surv

We spoke to Richard Sexton, Director of Business Development for e.surv, about the role of technology in surveying and the challenges stricter regulation is bringing to the sector.

30 Dec 2016

Industry predicts 2017 rate rise as UK economy rebounds

Industry predicts 2017 rate rise as UK economy rebounds

Richard Stone, Chief Executive of The Share Centre, predicts that the UK economy will perform better than many anticipate, that political change in Europe will be limited, and that as a result the UK will see its first interest rate rise for nearly 10 years.

30 Dec 2016

Hope for first-time buyers in 2017?

Hope for first-time buyers in 2017?

Savers trying to get their first foot on the housing ladder could get the best chance to do it in 2017, according to the managing director of the Mortgage Hut Group, Chris Schutrups.

30 Dec 2016

The best and worst house price performers of 2016 revealed

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The best and worst house price performers of 2016 revealed

Luton recorded the biggest percentage rise in house prices among major UK towns and cities over the past year, according to new research by Halifax.

30 Dec 2016

Brexit to spark deficit by mid-2020s, says new report

Brexit to spark deficit by mid-2020s, says new report

A combination of low growth, political choices and demographic change will shrink the state and put the UK on course for a structural deficit by 2030, according to a new report.

29 Dec 2016

Industry calls for 'joined-up policy making' in Cridland Review

Industry calls for 'joined-up policy making' in Cridland Review

Ahead of the 31st December deadline for submissions to John Cridland’s consultation into the state pension age, Hargreaves Lansdown has warned of interdepartmental policy conflict between governmental departments.

29 Dec 2016

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