Latest News

Property millionaires up 14% in 2015

Property millionaires up 14% in 2015

The number of homeowners in Britain whose property is worth £1m or more - or 'property millionaires' - has increased by 75,796 (14%) since January, according to the latest research from Zoopla.

17 Dec 2015

Newcastle extends 'All in One' range to 95% LTV

Newcastle extends 'All in One' range to 95% LTV

Newcastle Intermediaries has extended its All in One mortgage proposition to include products up to 95% LTV, following its launch in the autumn.

16 Dec 2015

2016 - a distorted BTL market?

2016 - a distorted BTL market?

George Osborne dealt a hammer blow to the buy-to-let sector in his Autumn Statement with the news that higher rates of Stamp Duty will be charged on additional residential properties above £40,000, such as buy-to-let properties and second homes, from 1 April 2016. The higher rates will be 3% above the current Stamp Duty rates, with the Chancellor claiming that the tax receipts will help towards doubling the affordable housing budget and will also help first-time buyers.

16 Dec 2015

Tyrie raises concerns over sale of Northern Rock assets

Tyrie raises concerns over sale of Northern Rock assets

Rt. Hon Andrew Tyrie MP, Chairman of the Treasury Select Committee, has today written to Harriet Baldwin MP, Economic Secretary to the Treasury, for assurance that former Northern Rock assets have been sold to Cerberus at the correct price.

16 Dec 2015

Robo-adviser appoints CTO ahead of UK launch

Robo-adviser appoints CTO ahead of UK launch

MoneyFarm, the digital wealth management company, has appointed David Jeffery as Chief Technology Officer ahead of its UK launch.

16 Dec 2015

Key Retirement to close pension advice arm

Key Retirement to close pension advice arm

Key Retirement has announced the closure of its pension advisory business due to a lack of consumer demand.

16 Dec 2015

FHL launches new Limited Company proposition

FHL launches new Limited Company proposition

Foundation Home Loans has overhauled its products and criteria as part of a simplification of its BTL product range.

16 Dec 2015

Leeds BS appoints Head of Decision Support

Leeds BS appoints Head of Decision Support

Leeds Building Society has appointed Fraser Collins as Head of Decision Support.

16 Dec 2015

LendInvest expands BDM team

LendInvest expands BDM team

LendInvest, the online lender for short-term property finance, has appointed three new Business Development Managers to the company's expanding team.

16 Dec 2015

Precise Mortgages launches TV channel

Precise Mortgages launches TV channel

Precise Mortgages has launched a TV channel on its website featuring topical videos and case studies.

16 Dec 2015

 

Government to raise auto-enrolment upper limit

Government to raise auto-enrolment upper limit

The Department for Work and Pensions is raising the qualifying earnings upper limit for auto-enrolment to £43,000 in 2016/17, up from its 2015/16 value of £42,385.

16 Dec 2015

Scottish house prices see strongest October since 2007

Scottish house prices see strongest October since 2007

Scottish property prices advanced £1,600 (1%) in October, the steepest monthly climb since April, according to the latest Your Move Scotland house price index.

16 Dec 2015

Nucleus commits to platform investment after record profits

Nucleus commits to platform investment after record profits

Nucleus, the adviser-built wrap platform, has announced strong growth in the first 3 quarters of 2015 across income, inflows and profit.

15 Dec 2015

FCA fines Threadneedle Asset Management £6m

FCA fines Threadneedle Asset Management £6m

The FCA has fined Threadneedle Asset Management Limited (TAML) £6,038,504 for failing to put in place adequate controls in the fixed income area of its front office, and for providing inaccurate information to the regulator.

15 Dec 2015

ONS: 7% price rise pushes average home to £300,000

ONS: 7% price rise pushes average home to £300,000

House prices increased by 7.0% over the year to October 2015, up from 6.1% in the year to September 2015, according to the latest ONS house price index.

15 Dec 2015

CML: house purchase lending up 8% in October

CML: house purchase lending up 8% in October

House purchase lending rose by 8% in October, seeing an increase by volume and value of mortgages advanced compared to September and October 2014, according to CML data.

15 Dec 2015

Inflation turns positive in November

Inflation turns positive in November

The Consumer Prices Index rose by 0.1% in the year to November 2015 - the first positive inflation data since July, according to the latest statistics from ONS.

15 Dec 2015

Kensington places £1.5bn GE Money-backed securitisation

Kensington places £1.5bn GE Money-backed securitisation

Kensington has priced its largest placement of asset backed securities of 2015, with a £1.5 billion deal known as Trinity Square 2015-1.

15 Dec 2015

First Complete expands regional sales team

First Complete expands regional sales team

First Complete has increased its team of regional sales directors with two new hires.

15 Dec 2015

Secondary annuity market to launch in April 2017

Secondary annuity market to launch in April 2017

Economic Secretary to the Treasury Harriett Baldwin has confirmed that more than five million people will be able to sell their annuity from 6 April 2017.

15 Dec 2015

Scottish Widows Bank appoints new Managing Director

Scottish Widows Bank appoints new Managing Director

Scottish Widows Bank has appointed Martin Fleming as its new Managing Director.

15 Dec 2015

Hampton Mortgage Servicing appoints Phoebus Software

Hampton Mortgage Servicing appoints Phoebus Software

Hampton Mortgage Servicing has signed a three year contract with Phoebus Software Ltd.

15 Dec 2015

L&G expands Critical Illness Cover

L&G expands Critical Illness Cover

Legal & General has today announced changes to its Critical Illness Cover to incorporate the Association of British Insurers' Statement of Best Practice 2014.

14 Dec 2015

Lee Travis to replace Gary Little at SMP

Lee Travis to replace Gary Little at SMP

Lee Travis, who was appointed as the new head of professional development at the Personal Finance Society in November, has also been confirmed as head of professional development at the Society of Mortgage Professionals.

14 Dec 2015

Providing an all-round regulated service - is that such a strange philosophy?

Providing an all-round regulated service - is that such a strange philosophy?

What does the MCD bring that MMR did not? To the advisers already providing an all-round quality service then it may be relatively little. The change from a KFI to an ESIS and tweaks to stress testing are purely fine tuning, they are not actual material change. Material change already occurred when the MMR came into force.

14 Dec 2015

Barclays launches seven year fixed rate range

Barclays launches seven year fixed rate range

From tomorrow, Barclays is making changes to its 2 and 5 year residential fixed rates as well as launching a new seven year fixed rate range for rate switchers.

14 Dec 2015

MPs launch inquiry into auto-enrolment

MPs launch inquiry into auto-enrolment

The Work and Pensions Committee has today launched an inquiry into pensions automatic enrolment, focusing on the effects on small and micro employers.

14 Dec 2015

Rental prices surpass mortgage repayments in all UK regions

Rental prices surpass mortgage repayments in all UK regions

Potential first-time buyers would have lower monthly outgoings if they bought a property than they do renting, according to new research from Santander Mortgages.

14 Dec 2015

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