Latest News

Stamp Duty liable transactions drop in Q1

Stamp Duty liable transactions drop in Q1

The number of property transactions liable for Stamp Duty fell by 5% in Q1 2017 compared to Q1 2016, when investors were rushing to beat the introduction of the surcharge on second properties, according to the latest HMRC data.

28 Apr 2017

Mansfield BS launches self-build mortgage product

Mansfield BS launches self-build mortgage product

Mansfield Building Society has launched a new advanced stage payment mortgage product in partnership with self-build specialist BuildStore Mortgage Services.

28 Apr 2017

Skipton expands team of Intermediary Regional Managers

Skipton expands team of Intermediary Regional Managers

Skipton Building Society has appointed Rachael Hunnisett to the team of Intermediary Regional Managers.

28 Apr 2017

Which is the most affordable city in the UK?

Which is the most affordable city in the UK?

Kingston-upon-Hull is the most affordable city in Britain with 92% of properties currently for sale at prices less than the UK’s average house price, according to research by HouseSimple.

28 Apr 2017

GDP growth plummets to 0.3% in Q1

GDP growth plummets to 0.3% in Q1

UK GDP increased by just 0.3% in Q1 - a drop from 0.7% in Q4 2016 and the slowest rate of growth since Q1 2016, according to the latest ONS data.

28 Apr 2017

Annual house price growth slows to four-year low: Nationwide

Annual house price growth slows to four-year low: Nationwide

House prices saw a second consecutive monthly decline in April causing annual growth to fall to 2.6% - its weakest pace for almost four years, according to the latest Nationwide house price index.

28 Apr 2017

Pepper cuts residential rates by up to 0.4%

Pepper cuts residential rates by up to 0.4%

Pepper Homeloans has cut rates on its 'non-conforming' residential mortgage range.

28 Apr 2017

Mortgage lending to hit post-crisis high in 2017: IMLA

Mortgage lending to hit post-crisis high in 2017: IMLA

The mortgage market is expected to achieve the highest level of gross lending since before the financial crisis in 2017, according to the Intermediary Mortgage Lenders Association.

28 Apr 2017

City house price growth rebounds in Q1 with 3.5% rise

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City house price growth rebounds in Q1 with 3.5% rise

City level house prices grew 3.5% in Q1 2017, the highest quarterly rate of price inflation for three years, according to the latest Hometrack UK Cities House Price Index.

28 Apr 2017

Kuflink receives FCA authorisation for P2P platform

Kuflink receives FCA authorisation for P2P platform

Kuflink has received full authorisation from the FCA for its P2P platform.

27 Apr 2017

 

Accord introduces new BTL affordability assessments

Accord introduces new BTL affordability assessments

Accord Buy To Let is introducing new minimum rental cover requirements for leasehold properties and remortgages where no additional capital raising is required.

27 Apr 2017

Friendly Societies still going strong

Friendly Societies still going strong

When choosing an income protection product, customers have significant choice. Not only as to the type of contract but also whether the provider is a ‘mutual’ or a ‘proprietary’ provider.

27 Apr 2017

Lloyds doubles Q1 profits to £1.3bn

Lloyds doubles Q1 profits to £1.3bn

Lloyds' pre-tax profits doubled to £1.3bn in Q1, despite setting aside £550m in PPI and HBOS provisions.

27 Apr 2017

Housing supply falls to record low in March

Housing supply falls to record low in March

The supply of available homes is at the lowest level for March since records began in 2002, according to NAEA data.

27 Apr 2017

Quarterly P2P lending exceeds £1bn for first time

Quarterly P2P lending exceeds £1bn for first time

Quarterly lending in the peer-to-peer sector exceeded £1billion for the first time ever in Q1, according to data from the Peer-to-Peer Finance Association.

27 Apr 2017

Mortgage advisers losing up to £75m in GI commission

Mortgage advisers losing up to £75m in GI commission

Mortgage advisers are missing out on millions of pounds worth of potential commission, simply by failing to provide a home insurance quote with every mortgage or remortgage, according to research by Paymentshield.

27 Apr 2017

Paper mortgage applications hindering first-time buyers

Paper mortgage applications hindering first-time buyers

Old-fashioned and outdated mortgage application processes are continuing to create barriers for first-time buyers, according to research from GBG.

27 Apr 2017

UK housing market moderates in Q1: MAB

UK housing market moderates in Q1: MAB

The UK housing market has seen a moderate level of house price growth in the first quarter of 2017, whilst other key indicators remain either unchanged or similar to the previous month, according to the latest data from Mortgage Advice Bureau.

27 Apr 2017

Nationwide offers lowest ever 90% LTV rates

Nationwide offers lowest ever 90% LTV rates

From tomorrow, Nationwide Building Society is cutting rates on selected two and five year fixed as well as two-year tracker rate mortgage products by up to 0.10%.

26 Apr 2017

Kensington cuts over 70% of residential rates

Kensington cuts over 70% of residential rates

Kensington Mortgages has announced rate reductions across over 70% of its residential mortgage range.

26 Apr 2017

Leeds launches record low five-year BTL rate

Leeds launches record low five-year BTL rate

Leeds Building Society has launched a five-year fixed rate buy-to-let mortgage at 3.10% up to 70% LTV which it says is currently the lowest available on the market.

26 Apr 2017

Royal London launches Diabetes Life Cover

Royal London launches Diabetes Life Cover

Royal London has announced the launch of a new life cover designed specifically for diabetics, which it says a first in the UK protection market.

26 Apr 2017

£6.45bn released in second year of pension freedoms

£6.45bn released in second year of pension freedoms

A total of 393,000 retirees accessed £6,450m from their pension pots between Q2 2016 and Q1 2017, according to new HMRC data.

26 Apr 2017

FCA releases new mortgage complaints data under revamped rules

FCA releases new mortgage complaints data under revamped rules

The FCA has published updated complaints figures for H2 2016 to account for new rules coming into force which allow firms longer to resolve complaints less formally.

26 Apr 2017

Accord cuts buy-to-let remortgage rates

Accord cuts buy-to-let remortgage rates

Accord Buy to Let has made 0.20% reductions on selected buy-to-let remortgage products.

26 Apr 2017

Santander warns of "more challenging" environment as mortgage lending dips

Santander warns of "more challenging" environment as mortgage lending dips

Santander saw a 1% dip in pre-tax profits to £525m in Q1 as mortgage lending fell and provisions for liabilities and charges increased.

26 Apr 2017

The evolution of drawdown

The evolution of drawdown

In 1993 HMRC (then known as the Inland Revenue) relaxed their practice and allowed pension drawdown to be used as an alternative to buying an annuity to convert pension savings into retirement income. Due to poor annuity rates, (what we would give for annuity rates to return to those levels today) it was introduced to allow for the deferral of purchase of annuities. An annuity still had to be purchased by age 75.

26 Apr 2017

LV= appoints Lloyds' Andy Parsons as Finance Director

LV= appoints Lloyds' Andy Parsons as Finance Director

LV= has announced the appointment of Andy Parsons as Group Finance Director, subject to regulatory approval.

26 Apr 2017

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Buy-to-Let Roadshow July 2017

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