Latest News

LendInvest accepting new applications ahead of stamp duty hike

LendInvest accepting new applications ahead of stamp duty hike

LendInvest has confirmed that it is still accepting applications for loans to finance purchases that could complete before the 3% Stamp Duty Land Tax increase that comes into effect for landlords and developers on 1 April.

01 Mar 2016

Connect adds Axis Bank to panel

Connect adds Axis Bank to panel

Connect for Intermediaries has added Axis Bank to its panel of mortgage lenders.

01 Mar 2016

Self-cert: a nightmare come true?

Self-cert: a nightmare come true?

You would perhaps have needed to be on an extraordinarily long Christmas holiday break, or had your head buried in the sand, to be a mortgage stakeholder and not have come across www.selfcert.co.uk recently.

29 Feb 2016

The many faces of equity release

The many faces of equity release

What do most people think of when they think about equity release? The average homeowner would most likely think that equity release is something they would hope to avoid, something only people in financial difficulty have to consider, and something that should only be used as a last resort. It is true that products like the lifetime mortgage can be accessed to clear lingering mortgage debt and can act as a real financial safety net for those who find themselves in tough times; however, the varied uses and flexible nature of the lifetime mortgage and other products in the equity release stable are often overlooked.

29 Feb 2016

PRA and FCA: smaller firms should not face bonus cap

PRA and FCA: smaller firms should not face bonus cap

The PRA and FCA have notified the European Banking Authority that they will not comply with plans to apply bonus caps 'to all firms subject to the Capital Requirements Directive'.

29 Feb 2016

Accord cuts BTL remortgage rates

Accord cuts BTL remortgage rates

Accord Buy to Let has cut rates by up to 0.15% on its range of two-year fixed rate 75% LTV mortgages.

29 Feb 2016

NAEA: housing supply at 14-year low

NAEA: housing supply at 14-year low

The supply of available housing is at its lowest level in 14 years, according to the NAEA.

29 Feb 2016

Four in five expect further rate rise delays

Four in five expect further rate rise delays

The proportion of remortgagors who believe interest rates will rise in the near future has dropped from 25% in December 2015 to 22% in January 2016, due to global economic uncertainty and the possibility of a Brexit in 2016.

29 Feb 2016

BoE: mortgage approvals see monthly surge

BoE: mortgage approvals see monthly surge

Total mortgage lending to individuals increased by £5.3 billion in January compared to £4.4 billion in December, according to the latest Bank of England Money and Credit report.

29 Feb 2016

IFISA to allow pre-existing ISA transfers across platforms

IFISA to allow pre-existing ISA transfers across platforms

Investors may be able to transfer unlimited funds from pre-existing ISAs into IFISAs, and hold multiple IFISAs with different peer-to-peer platforms to accommodate these 'old' ISA monies, according to Lending Works.

29 Feb 2016

 

Equity release sector urged to build adviser confidence

Equity release sector urged to build adviser confidence

Lenders and distributors need to demonstrate the increasing flexibility of equity release to help build greater confidence among advisers, according to Mark Gregory, Managing Director at Equity Release Supermarket.

29 Feb 2016

In the Spotlight with Matt Tooth, LendInvest

In the Spotlight with Matt Tooth, LendInvest

We spoke to Matt Tooth, Head of Distribution at LendInvest, about overcoming prejudices around peer-to-peer lending and why the industry is growing so rapidly.

26 Feb 2016

Pensioner property wealth grows £13.7bn in Q4

Pensioner property wealth grows £13.7bn in Q4

Retired homeowners have seen their property wealth grow by nearly £13.7 billion in the past three months, according to Key Retirement.

26 Feb 2016

Comparethemarket partners with LifeSearch for protection advice

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Comparethemarket partners with LifeSearch for protection advice

Comparison website comparethemarket.com has expanded its relationship with protection intermediary LifeSearch to provide protection quotes to its customers.

26 Feb 2016

Carney: economy risks being trapped in low inflation

Carney: economy risks being trapped in low inflation

The global economy risks becoming trapped in a "low growth, low inflation, low interest rate equilibrium", according to Bank of England governor Mark Carney.

26 Feb 2016

Precise & Connells announce valuation partnership

Precise & Connells announce valuation partnership

Connells Survey & Valuation has announced a valuations partnership with Precise Mortgages.

26 Feb 2016

Land Registry: annual house price growth at 7.1%

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Land Registry: annual house price growth at 7.1%

January saw an annual price increase of 7.1% and a monthly rise of 2.5%, according to the latest Land Registry house price index.

26 Feb 2016

Treasury Committee seeks to veto FCA exec hires

Treasury Committee seeks to veto FCA exec hires

The Treasury Committee has published a 'scrutiny of appointments' report requiring a veto over the appointment and dismissal of the Chief Executive of the FCA.

26 Feb 2016

Williams & Glyn separation delayed until 2017

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Williams & Glyn separation delayed until 2017

The separation of Williams & Glyn will not be achieved until after Q1 2017, according to RBS.

26 Feb 2016

RBS reports £2bn annual loss

RBS reports £2bn annual loss

Royal Bank of Scotland has reported a loss of £1.98bn for 2015 - its eighth annual loss.

26 Feb 2016

Coventry BS mortgage lending up 8%

Coventry BS mortgage lending up 8%

Coventry Building Society has announced a 7% rise in profit before tax to £216 million, and an 8% rise in new mortgage lending to £8 billion in 2015.

26 Feb 2016

Precise and Fluent Money complete MCD-compliant loan

Precise and Fluent Money complete MCD-compliant loan

Precise Mortgages has paid out on its first MCD compliant second charge loan which was submitted by Fluent Money.

26 Feb 2016

Freedom Finance joins fraud prevention service

Freedom Finance joins fraud prevention service

Freedom Finance has today joined Cifas, the UK fraud prevention service.

25 Feb 2016

Higher income earners three times more likely to seek advice

Higher income earners three times more likely to seek advice

Just over 1 in 2 people (56%) in the higher income bracket (£50,001 to £60,000) have taken financial advice on their retirement plans versus 1 in 5 (18%) earning under £50,000.

25 Feb 2016

Rise to the buy-to-let challenge

Rise to the buy-to-let challenge

It's no secret that the buy-to-let market has had a tough time of it of late. Those of us operating in the sector have every right to feel somewhat put upon. The government has targeted the market on more than one occasion over the last 12 months and the sector - which has always been resilient - is doing its best to cope with what's thrown at it.

25 Feb 2016

Omni Capital rebrands to Fortwell Capital

Omni Capital rebrands to Fortwell Capital

Omni Capital Partners has changed its name to Fortwell Capital to distinguish itself from its retail finance business, as well as investment firm Omni Equity Partners.

25 Feb 2016

Yorkshire BS lending drops 9%

Yorkshire BS lending drops 9%

Yorkshire Building Society has reported gross lending of £6.9bn in 2015 compared to £7.6bn in 2015, while net lending fell from £2.6bn to £1.1bn.

25 Feb 2016

GDP growth confirmed at 0.5% in Q4

GDP growth confirmed at 0.5% in Q4

GDP increased by 0.5% between Q3 and Q4 2015, confirming overall growth for the year at 2.2%, according to the ONS.

25 Feb 2016

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