Latest News

L&G announces £55m modular housebuilding plans

L&G announces £55m modular housebuilding plans

Legal & General has today announced the launch of its modular housing business, Legal & General Homes, which will provide thousands of pre-fabricated houses through its new factory in the North of England.

25 Feb 2016

Complete FS announces intermediary seminar series

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Complete FS announces intermediary seminar series

Complete FS has announced the first of a series of specialist lending seminars for intermediaries.

25 Feb 2016

First Complete begins nationwide MCD training

First Complete begins nationwide MCD training

First Complete is carrying out UK-wide training on the impact of the Mortgage Credit Directive and how it will affect brokers in the network.

25 Feb 2016

Lloyds profits drop 7% due to PPI claims

Latest News

Lloyds profits drop 7% due to PPI claims

Lloyds Banking Group has reported statutory profit before tax of £1.6 billion in 2015 - a 7% drop which it attributed to increased PPI charges.

25 Feb 2016

Next London mayor faces "formidable" housing deficit

Next London mayor faces "formidable" housing deficit

London's future mayor faces a "formidable housing challenge", as the capital enters 2016 more than a fifth behind its new homes aims, according to Stirling Ackroyd.

25 Feb 2016

Second charge lender receives FCA authorisation

Second charge lender receives FCA authorisation

Secured lender, Lesley, Stephen & Co. Limited, has received authorisation from the FCA ahead of the Mortgage Credit Directive.

24 Feb 2016

Advisers see rise in lump sum equity release sales

Advisers see rise in lump sum equity release sales

Equity release advisers are forecasting a rise in demand for lump sum equity release plans, according to research from Bower Retirement Services.

24 Feb 2016

Two short-term lenders receive FCA authorisation

Two short-term lenders receive FCA authorisation

Ferratum UK and Wizzcash.com have both been granted authorisation by the FCA.

24 Feb 2016

Tougher mortgage affordability sparks bridging boom

Tougher mortgage affordability sparks bridging boom

An increasing number of brokers are turning to bridging loans after their clients failed to secure a mortgage, according to research from MTF.

24 Feb 2016

BBA reports "significant rise" in mortgage borrowing

BBA reports "significant rise" in mortgage borrowing

January saw gross mortgage borrowing of £13.6 billion - 38% higher than a year ago and the highest since mid-2008, according to the latest BBA stats.

24 Feb 2016

 

Mortgage lending at post-crisis records across UK

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Mortgage lending at post-crisis records across UK

House purchase lending saw an increase across Wales, Scotland and Northern Ireland in Q4, according to the latest CML statistics.

24 Feb 2016

London mortgage lending dips in 2015

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London mortgage lending dips in 2015

House purchase lending in London has declined in 2015 in comparison with the previous year, according to new data from the CML.

24 Feb 2016

Norton and Loans Warehouse complete first MCD-compliant loan

Norton and Loans Warehouse complete first MCD-compliant loan

Norton Home Loans has completed what it believes to be the secured loan industry's first MCD-compliant loan since they went live with the new regulation on the 15th February.

24 Feb 2016

The People's Pension and LV= offer £49 robo-advice

The People's Pension and LV= offer £49 robo-advice

B&CE has teamed with LV= to offer an online retirement planning tool for members of The People's Pension and the construction industry EasyBuild scheme.

24 Feb 2016

VitalityLife launches new Whole of Life range

VitalityLife launches new Whole of Life range

VitalityLife has announced the launch of two new Whole of Life products: Interest Rate Optimiser and Premium Optimiser.

24 Feb 2016

Leeds BS mortgage lending hits record £3.1bn

Leeds BS mortgage lending hits record £3.1bn

Leeds Building Society's new residential mortgage lending increased by 15% to £3.1bn in 2015, taking gross lending in the past five years to almost £11bn.

24 Feb 2016

68% more interest-only borrowers turn to equity release

68% more interest-only borrowers turn to equity release

The number of customers in the UK using equity release to repay an interest-only debt has risen by over two thirds (68%) from 1,605 in 2014 to 2,697 in 2015.

24 Feb 2016

Standard Chartered reports $1.5bn loss in 2015

Standard Chartered reports $1.5bn loss in 2015

Standard Chartered has reported loss before tax of $1.5 billion in the bank's first annual loss since 1989.

23 Feb 2016

Carney: BoE could cut interest rates

Carney: BoE could cut interest rates

Mark Carney has admitted that the Bank of England would consider cutting interest rates to stimulate Britain's economy.

23 Feb 2016

FOS: advice complaints fall by 10%

FOS: advice complaints fall by 10%

The number of complaints about financial products other than PPI fell by 10% to 71,663 in H2 2015.

23 Feb 2016

FSE Glasgow unveils seminar programme

FSE Glasgow unveils seminar programme

Financial Services Expo Glasgow has unveiled a double bill seminar programme which will cover the Mortgage Credit Directive, developments in the market, and predictions for the upcoming year.

23 Feb 2016

Savers will limit robo-advice to £1,000

Savers will limit robo-advice to £1,000

Savers will limit their use of robo-advice to investments under £1,000, according to online investment site True Potential Investor.

23 Feb 2016

80% will slash pension savings if tax relief cut

80% will slash pension savings if tax relief cut

Cutting tax relief could lead to a "pensions exodus" in favour of ISAs if the Chancellor opts for a flat rate at next month's Budget, says online investment site True Potential Investor.

23 Feb 2016

Brokers see rise in over-40s mortgage rejections

Brokers see rise in over-40s mortgage rejections

Brokers are seeing a rise in mortgage and re-mortgage customers in their 40s being caught by age restrictions, according to Nottingham Building Society.

23 Feb 2016

FCA restricts and fines broker £1.2m

FCA restricts and fines broker £1.2m

The FCA has fined W H Ireland £1.2million and restricted the firm from taking on new clients in its corporate broking division for a period of 72 days.

23 Feb 2016

Accord: one in five broker queries made online

Accord: one in five broker queries made online

Intermediaries are using web chat services for one out of every five enquiries, highlighting the changing way brokers communicate with lenders.

23 Feb 2016

Y3S completes £900k secured loan

Y3S completes £900k secured loan

Y3S has completed a £900,000 second charge loan through Prestige Finance.

23 Feb 2016

Remortgaging hits seven-year high

Remortgaging hits seven-year high

Gross remortgage lending rose to a seven-year high of £6.2bn in January - a 49% monthly rise, according to LMS.

23 Feb 2016

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