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Barclays reduces LTI cap to £175,000

Barclays reduces LTI cap to £175,000

Barclays Mortgages has once again reduced the threshold at which the 5.00 x income multiple cap applies to £175,000.

21 Aug 2015

HMRC: residential transactions drop 4.4% in July

HMRC: residential transactions drop 4.4% in July

The number of residential property transactions decreased by 4.4% between June and July, according to the latest HMRC property transaction statistics.

21 Aug 2015

Santander launches lowest ever FTB range

Santander launches lowest ever FTB range

Santander has significantly reduced three high LTV products in its range to offer its lowest ever rates for first-time buyers.

21 Aug 2015

Number of ISA accounts set to rise 7.5% as confidence grows

Number of ISA accounts set to rise 7.5% as confidence grows

The number of individual savings accounts in the UK market is expected to stabilise after a significant drop in 2013-14, according to a Timetric report.

21 Aug 2015

Contractor Mortgages Made Easy acquires Contractor Financials

Contractor Mortgages Made Easy acquires Contractor Financials

National mortgage broker Contractor Mortgages Made Easy has today announced its acquisition of Contractor Financials Ltd.

21 Aug 2015

August house price sentiment at six-year high

August house price sentiment at six-year high

Households across the UK perceived that the value of their home rose in August - the first rise in the House Price Sentiment Index in August, usually a quieter summer period, seen since 2009.

21 Aug 2015

City price growth at 11 year high

City price growth at 11 year high

City property prices rose by 4.3% in the last 3 months - the highest quarterly growth rate for 11 years, according to the latest Hometrack UK Cities House Price Index.

21 Aug 2015

FCA sees surge of P2P applications

FCA sees surge of P2P applications

The FCA has been hit by a surge of applications from P2P lenders, with over 100 businesses seeking FCA authorisation, according to Bovill, the specialist financial services consultancy.

20 Aug 2015

Smaller firms could struggle to stay compliant under MCD, warns AMI's Sinclair

Smaller firms could struggle to stay compliant under MCD, warns AMI's Sinclair

Speaking at the Financial Reporter networking breakfast this morning, AMI chief Robert Sinclair spoke of his worry that smaller firms would struggle to remain compliant under the new Mortgage Credit Directive rules.

20 Aug 2015

Countrywide appoints Paul Wareham to MD of Surveying

Countrywide appoints Paul Wareham to MD of Surveying

Countrywide plc has appointed Paul Wareham as Managing Director of its Surveying Services division.

20 Aug 2015

 

Royal London: 7 in 10 withdraw pension as lump sum

Royal London: 7 in 10 withdraw pension as lump sum

69% of 800 Royal London customers who decided to take advantage of the new pension freedoms have chosen to take all of their pension pot as a cash lump sum, meaning that, in most cases, 75% of the cash sum those customers received was subject to an income tax charge.

20 Aug 2015

Accord cuts short term fixed rates

Accord cuts short term fixed rates

Accord Mortgages has reduced the rates on a range of two and three-year fixed rate residential mortgages by 0.10%, with cashback on completion on selected products.

20 Aug 2015

FTBs could face £45,000 deposits "within 10 years"

FTBs could face £45,000 deposits "within 10 years"

Research commissioned by North East-based sales and lettings business KIS has predicted that first time-buyers in the area will need to save deposits of £45,000 within the next 10 years if they want to get a first foot on the property ladder.

20 Aug 2015

Mortgage lending up 9% in July

Mortgage lending up 9% in July

The Council of Mortgage Lenders have estimated that gross mortgage lending reached £22 billion in July, the highest monthly total for seven years.

20 Aug 2015

L&G hosts fourth series of Mortgage Club events

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L&G hosts fourth series of Mortgage Club events

Legal & General Mortgage Club will be hosting its fourth series of Mortgage Club LIVE events across the UK this autumn, aiming to bring industry professionals together to share ideas and learn about topics currently impacting the market.

20 Aug 2015

Co-op bank reports £204m H1 loss

Co-op bank reports £204m H1 loss

Co-operative bank has reported pre-tax losses of £204.2m in H1 2015 - £127.2m higher than the previous year.

20 Aug 2015

Mutuals adopt Mortgage Brain's technology solutions

Mutuals adopt Mortgage Brain's technology solutions

Police Mutual has selected Mortgage Brain's suite of mortgage technology solutions to meet the needs of its mortgage advisers.

19 Aug 2015

30 years of finance: is change overdue?

30 years of finance: is change overdue?

[SPECIAL FEATURE: As Melanie Whiting, Mortgage Manager at Norton Finance, celebrates 30 with the company, she discusses the changes in the industry and the need for regulation in an ever changing environment.]

19 Aug 2015

Halifax Intermediaries aligns product transfers and further advances

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Halifax Intermediaries aligns product transfers and further advances

Halifax Intermediaries has launched a new single product range for further advances and product transfers, which replaces the current separate product ranges with immediate effect.

19 Aug 2015

Promise Solutions adds Dudley BS to panel

Promise Solutions adds Dudley BS to panel

Specialist packager Promise Solutions has announced the addition of Dudley Building Society to its panel of lenders.

19 Aug 2015

The importance of technology training

The importance of technology training

Technology plays a crucial role in almost every aspect of our lives, and the mortgage industry is no different. The supply of mortgages has been transformed by technology and there's no slowing down.

19 Aug 2015

One in three turn to stock market to fund retirement

One in three turn to stock market to fund retirement

One in three over 50s have bought shares in a company to help fund their retirement, according to research by Saga Share Direct.

19 Aug 2015

Advice firms evading UK regulation a "threat to investors"

Advice firms evading UK regulation a "threat to investors"

Foreign financial advice firms, which circumvent UK regulation using passporting rules, are "acting with impunity", according to AES International.

19 Aug 2015

Building societies increase market share to 29%

Building societies increase market share to 29%

Building societies approved 189,000 mortgages in the first half of 2015, accounting for 29% of the total market.

19 Aug 2015

VitalityLife launches business consultant academy

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VitalityLife launches business consultant academy

VitalityLife has launched a Business Consultant Talent Academy in a bid to increase the number of trained Business Consultants and therefore the amount of face-to-face business support available for advisers.

19 Aug 2015

Scottish home sales surge 25%

Scottish home sales surge 25%

Scottish property prices saw a 2.6% boost during June, attributed to the revival in million-pound home sales in Scotland after the Land and Buildings Transaction Tax stifled the top-end of the market.

19 Aug 2015

Can equity release help with the care crisis?

Can equity release help with the care crisis?

The stigma attached to institutional care is deeply ingrained in the national psyche. The failures of both public and private sector providers to deliver adequate housing for some of the most vulnerable sections of society is, to be blunt, scandalous.

18 Aug 2015

Industry says ISA-style pensions pose "considerable risk"

Industry says ISA-style pensions pose "considerable risk"

Royal London's chief executive, Phil Loney, has warned that an 'ISA-style' tax treatment of pension contributions is a "fundamental and far-reaching change" to the principles of pension savings, and could pose "considerable risk" to the Government's aim of creating a savings culture in the UK.

18 Aug 2015

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