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FSE Manchester: Industry dispels BTL stress test worries

FSE Manchester: Industry dispels BTL stress test worries

Increases in buy-to-let stress test levels should not be viewed as an 'Armageddon moment' for the sector, according to David Whittaker, Managing Director of Mortgages for Business.

18 May 2016

Pensions Bill to create new guidance bodies

Pensions Bill to create new guidance bodies

The Pensions Bill announced in today's Queen's Speech has revealed the creation of two new pensions guidance bodies which aim to restructure the delivery of financial guidance to consumers.

18 May 2016

FSE Manchester: Brexit biggest threat to economy, says Malone

FSE Manchester: Brexit biggest threat to economy, says Malone

A large majority of intermediaries believe a leaving the EU will have a negative impact on the UK economy.

18 May 2016

Specialist equity release panel launched at Sesame

Specialist equity release panel launched at Sesame

Sesame and PMS have announced this morning that they can now refer their customers to a new panel of equity release brokers which aims to bolster their specialist lending panels.

18 May 2016

33% under financial pressure after bailing kids out

33% under financial pressure after bailing kids out

According to new data released by Experian, 33% of British parents (who were able to provide financial support to their children) have been put under financial pressure as a direct result of bailing their independent children out financially.

18 May 2016

Numbers turning down workplace pensions up 9%

Numbers turning down workplace pensions up 9%

The latest report from Aviva has revealed that there has been a 9% increase in the number of people turning down a workplace pension in the last 3 years.

18 May 2016

House prices outpace wages 5-1 according to new data

House prices outpace wages 5-1 according to new data

In response to the latest ONS House Price Index, the Resolution Foundation has highlighted that over the last 5 years, average house prices across the UK have increased 5.1 times faster than average weekly earnings.

18 May 2016

Calls for lenders to focus on 'mainstream switch' for equity release

Calls for lenders to focus on 'mainstream switch' for equity release

According to the latest research from national specialist Bower Retirement Services, lenders need to focus plans for equity release innovation on schemes enabling customers to switch directly from residential mortgages into equity release.

18 May 2016

What are the biggest investment mistakes made by high net worth individuals?

What are the biggest investment mistakes made by high net worth individuals?

High net worth investors have revealed the top investment mistakes they made before they sought financial advice in a new international poll.

18 May 2016

Are low interest rates here to stay?

Are low interest rates here to stay?

As a homeowner (there are a few of us around), I always feel slightly smug when I find that house prices have gone up again.

17 May 2016

 

Pepper extends distribution to L&G Mortgage Club

Pepper extends distribution to L&G Mortgage Club

Pepper Homeloans has extended its distribution to include the Legal & General Mortgage Club.

17 May 2016

Government to begin Lloyds share sale this year

Government to begin Lloyds share sale this year

Economic Secretary to the Treasury, Harriett Baldwin, has confirmed that the government will make "Lloyds shares available to the public this year", fully returning its stake to the private sector in 2016-17.

17 May 2016

Keystone launches into auction and commercial finance

Keystone launches into auction and commercial finance

Keystone Property Finance has launched into the auction purchase and commercial property markets.

17 May 2016

CML: house purchase lending soars by 60%

CML: house purchase lending soars by 60%

Home-owners borrowed £13.8bn for house purchase in March - up 59% month-on-month and 60% year-on-year, according to the latest CML data.

17 May 2016

ONS: March house prices see 2.5% monthly rise

ONS: March house prices see 2.5% monthly rise

UK house prices rose by 9.0% in the year to March 2016, up from 7.6% in the year to February, according to the latest ONS house price index.

17 May 2016

Inflation sees first fall in eight months to 0.3%

Inflation sees first fall in eight months to 0.3%

CPI rose by 0.3% in the year to April 2016 compared to 0.5% in the year to March - the first fall since September 2015, according to the ONS.

17 May 2016

Altmann is "failing pensioners", warns campaign group

Altmann is "failing pensioners", warns campaign group

Pension Minister Ros Altmann has "failed this and future generations of British pensioners and pension savers", according to the chair of a national pensions campaign group.

17 May 2016

Promise Solutions launches Second Charge Club

Promise Solutions launches Second Charge Club

Promise Solutions has launched a new club which allows brokers to arrange second charge loans direct with the lender, without the need for additional packager or master broker fees.

17 May 2016

SortRefer to launch offering for property professionals

SortRefer to launch offering for property professionals

SortRefer Group is launching a new offering "in a matter of weeks", which it says will be of particular interest to property professionals across the country.

17 May 2016

Mortgage Brain enhances intermediary support with new hires

Mortgage Brain enhances intermediary support with new hires

Mortgage Brain has expanded its Operating Board with two new appointments.

17 May 2016

Is robo-advice the key to building future client books?

Is robo-advice the key to building future client books?

Advisory firms need to do more to explore robo-advice opportunities to help incubate the clients of the future, according to Nucleus.

17 May 2016

CMA supports challengers with retail banking overhaul

CMA supports challengers with retail banking overhaul

The CMA has today proposed a wide-ranging package of proposals to tackle competition issues across banking services.

17 May 2016

Lloyds expands national account team

Lloyds expands national account team

Lloyds Banking Group has appointed four new national account managers.

16 May 2016

HSBC to axe 840 IT roles

HSBC to axe 840 IT roles

HSBC will relocate 840 IT jobs to India, China and Poland as part of a wider plan to cut 8,000 UK roles.

16 May 2016

FCA paper brings uncertainty to a fragile market

FCA paper brings uncertainty to a fragile market

AMI says it is disappointed that "the sector is not to be left alone" after the FCA published feedback on Competition in the Mortgage Sector today.

16 May 2016

Barclays cuts low LTV fixes

Barclays cuts low LTV fixes

Barclays is cutting mortgage rates across its two and five year fixed low LTV range, as well as introducing a new Rate Switch range to allow existing Barclays mortgage customers to benefit from lower exclusive rates.

16 May 2016

CBI: GDP to slow amid "dark cloud of uncertainty"

CBI: GDP to slow amid "dark cloud of uncertainty"

The UK will see GDP growth of 2.0% in both 2016 and 2017 according to CBI estimates - a downgrade from 2.3% and 2.1% in its February forecast.

16 May 2016

FHL raises rental calculation to 145%

FHL raises rental calculation to 145%

Foundation Home Loans says it has "heeded the regulator's calls on affordability and stress testing" and is changing the basis of its rental calculation for individual applications from 125% to 145% next month. Limited Company BTL products remain unchanged at 125%.

16 May 2016

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