Latest News

Industry welcomes FCA exam review

Industry welcomes FCA exam review

The Society of Mortgage Professionals have expressed support for an upcoming FCA review of examination standards across a broad range of regulated activities - including mortgages - to ensure they remain fit for purpose.

16 Feb 2016

Active conveyancing firms drop by 9%

Active conveyancing firms drop by 9%

The total number of active conveyancing firms dropped by 9% in 2015 - three times the 3% annual rate of decline seen in 2013 and 2014.

16 Feb 2016

Help to Buy creates 43% homebuilding surge

Help to Buy creates 43% homebuilding surge

New government figures have shown a 43% rise in new homes built as a direct result of Help to Buy equity loan.

15 Feb 2016

Former Shawbrook MD joins P2P lender

Former Shawbrook MD joins P2P lender

Wellesley & Co has appointed Nick McAuliffe as its new managing director, as the peer-to-peer platform outlines its 2016 growth plans.

15 Feb 2016

L&G launches sub-5% lifetime mortgage product

L&G launches sub-5% lifetime mortgage product

Legal & General has launched a Premier Flexible lifetime mortgage at 4.99% AER, enabling borrowers whose homes are worth more than £533,000 to release equity, subject to a minimum loan amount of £200,000.

15 Feb 2016

Is 2016 the 'year of the first-time buyer'?

Is 2016 the 'year of the first-time buyer'?

2016 could be the 'year of the first-time buyer' encouraged by low interest rates, initiatives such as Help to Buy, and buy-to-let investors facing increasingly adverse taxes.

15 Feb 2016

77% of advisers willing to adapt post-FAMR

77% of advisers willing to adapt post-FAMR

Over three quarters (77%) of advisers are prepared to adapt their business models depending on what is proposed in the government's Financial Advice Market Review, according to research by Intelliflo.

15 Feb 2016

FCA prosecution sees record sum returned to investors

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FCA prosecution sees record sum returned to investors

Southwark Crown Court today ordered almost £2.65 million to be returned to investors who had invested in a fraudulent collective scheme.

15 Feb 2016

V Loans implements MCD changes

V Loans implements MCD changes

Second charge specialist V Loans has implemented Mortgage Credit Directive changes in a bid to minimise disruption to customers aiming to complete loans before the regulatory deadline.

15 Feb 2016

The Mansfield launches intermediary homemover range

The Mansfield launches intermediary homemover range

Mansfield Building Society has launched four new products exclusively for homemovers, all available through intermediaries.

15 Feb 2016

 

HSBC to keep headquarters in UK

HSBC to keep headquarters in UK

The HSBC board has decided unanimously to remain headquartered in the UK.

15 Feb 2016

Steve Webb predicts the 'death of retirement'

Steve Webb predicts the 'death of retirement'

Royal London has warned that today's workers will be forced to work into their late seventies and beyond if they want to enjoy the same level of pension as their parents' generation.

15 Feb 2016

Deposits and lending criteria keep FTB figures flat

Deposits and lending criteria keep FTB figures flat

Despite record mortgage affordability, current housing policy needs to be revised to meet homeownership targets, according to the Intermediary Mortgage Lenders Association.

15 Feb 2016

Stamp duty changes fail to inspire homemovers

Stamp duty changes fail to inspire homemovers

Although stamp duty changes provided a savings boost for many homemovers and rising house prices helped to increase equity levels for those already owning their own property, the number of people moving house in 2005 stood at 365,0001 - slightly behind the 366,400 who moved in 2014.

13 Feb 2016

Tribunal asks FCA to reconsider adviser ban

Tribunal asks FCA to reconsider adviser ban

The Upper Tribunal has asked the FCA to reconsider its decision to refuse a former HSBC adviser permission to carry out regulated activities.

12 Feb 2016

In the Spotlight with Andy Beswick, Aviva

In the Spotlight with Andy Beswick, Aviva

We spoke to Andy Beswick, MD of Business Solutions at Aviva, about why advisers should tap into the auto-enrolment market and what support providers like Aviva can offer.

12 Feb 2016

TSB launches 'lowest 10-year fix'

TSB launches 'lowest 10-year fix'

TSB Intermediary claims to have launched the best 10-year fixed rate mortgage on the market.

12 Feb 2016

Bank of England launches Central Banking Qualification

Bank of England launches Central Banking Qualification

The Bank of England has launched a new postgraduate qualification in Central Banking and Financial Regulation.

12 Feb 2016

Clever Lending urges brokers to prioritise pipeline cases

Clever Lending urges brokers to prioritise pipeline cases

Clever Lending has implemented its new processes for MCD-compliant secured loans to ensure new cases presented from 15th February will adopt the new regulatory regime.

12 Feb 2016

PMS and Sesame to host mortgage seminars

PMS and Sesame to host mortgage seminars

PMS and Sesame are hosting a series of seminars at 12 venues across the UK for clients of the PMS mortgage club and Bankhall, along with Sesame Network members.

12 Feb 2016

Jumping over the conveyancing hurdle

Jumping over the conveyancing hurdle

The Legal Ombudsman recently published statistics which showed that conveyancing was the most complained about legal service. That perhaps isn't particularly surprising given the number of conveyancing cases that are taken on and completed each year, not forgetting the fact that most people's experience of legal services will only be through conveyancing or perhaps the writing of wills. Clearly there is a lot of other individual legal activity undertaken but these are not common touchstones for the general public and the legal profession.

12 Feb 2016

L&G Mortgage Club sales hit £46bn in 2015

L&G Mortgage Club sales hit £46bn in 2015

Legal & General Mortgage Club has announced 15% sales growth in 2015 with £46 billion of sales through its partnerships with lenders and over 6,000 mortgage brokers.

12 Feb 2016

BoE considering Shari'ah compliant liquidity facilities

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BoE considering Shari'ah compliant liquidity facilities

The Bank of England has published a consultation paper on establishing Shari'ah compliant liquidity facilities. The paper presents the preliminary findings of the feasibility study it commenced in the second half of 2015, and seeks stakeholders' views on the options identified.

12 Feb 2016

CBI downgrades GDP growth forecasts

CBI downgrades GDP growth forecasts

The CBI has downgraded its GDP growth forecast for both 2016 (to 2.3%, from 2.6% in November) and 2017 (to 2.1%, down from 2.4%).

12 Feb 2016

Nationwide mortgage lending up 16%

Nationwide mortgage lending up 16%

Nationwide has reported that gross mortgage lending increased by 16% in the nine months to 31 December 2015 to reach £23.6 billion, representing a market share of 13.5%.

12 Feb 2016

Rob Jupp: Judge mortgages like life assurance

Rob Jupp: Judge mortgages like life assurance

There are some things about our mortgage market that work really well - and other things that struggle to work at all. The way that people with impaired credit are treated is something that really does not work well and it is time that this changed.

11 Feb 2016

RICS: housing market activity buoyant in January

RICS: housing market activity buoyant in January

New buyer enquiries rose for the tenth successive month in January, according to the latest UK Residential Market Survey.

11 Feb 2016

Zopa announces Innovative Finance ISA details

Zopa announces Innovative Finance ISA details

Zopa has confirmed that it is prepared to launch its Innovative Finance ISA from the 6th of April, and will offer the same rates as on its standard products, with no additional fees or charges.

11 Feb 2016

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