Latest News

New credit scoring platform utilises online data

New credit scoring platform utilises online data

A new cloud-based credit scoring service has launched in UK, aiming to improve loan quality and acceptance rates through the use of big data.

25 Jan 2016

90% of lenders say they are 'in the midst of a price war'

90% of lenders say they are 'in the midst of a price war'

Target Group, the financial services outsourcing and software provider, has revealed that 9 in 10 (90%) banks, building societies and P2P lenders believe that the UK lending market is in the midst of a price war.

25 Jan 2016

Virgin Money increases Defined Access ISA rates

Virgin Money increases Defined Access ISA rates

Virgin Money is increasing the variable interest rate on its Defined Access ISA to 1.51%.

25 Jan 2016

Sesame expands adviser support team

Sesame expands adviser support team

Sesame Bankhall Group is expanding support for its members with the appointment of Jeff Woods as business development director.

25 Jan 2016

Fleet Mortgages places £1.2bn in first year

Fleet Mortgages places £1.2bn in first year

Fleet Mortgages has announced that £1.2 billion of business flowed through its system in its first year of lending.

25 Jan 2016

V Loans launches second charge advisory service

V Loans launches second charge advisory service

V Loans has announced the launch of its MCD-ready second charge advisory service.

25 Jan 2016

more 2 life introduces flexible repayment plan

more 2 life introduces flexible repayment plan

Lifetime mortgage lender more 2 life is introducing a flexible repayment option to its Premier Choice plan.

25 Jan 2016

Equity release lending hits record high in Q4

Equity release lending hits record high in Q4

Retirees unlocked a record amount of housing wealth via drawdown lifetime mortgages in Q4 2015, pushing annual equity release lending to a new high of £1.61bn, according to year-end results from the Equity Release Council.

25 Jan 2016

In the Spotlight with Graham Donald, Equiniti Pancredit

In the Spotlight with Graham Donald, Equiniti Pancredit

We spoke to Graham Donald, Managing Director of Equiniti Pancredit, about the regulation of the consumer credit industry and Equiniti Pancredit's upcoming plans.

22 Jan 2016

Time to stand tall

Time to stand tall

It seems to me that as the equity release industry goes from strength to strength the naysayers are adamant in slapping us down.

22 Jan 2016

 

Coventry for intermediaries cuts resi and BTL rates

Coventry for intermediaries cuts resi and BTL rates

Coventry for intermediaries has reduced interest rates on its residential mortgages at 90% LTV and Buy to Let at 75% LTV, including 2 Year Fixed, 5 Year Fixed and Flexx for Term products.

22 Jan 2016

Self-cert mortgage lender ceases lending

Self-cert mortgage lender ceases lending

Self-certification mortgage lender selfcert.co.uk has ceased taking new applications until further notice.

22 Jan 2016

Newcastle BS launches 3.29% 10-year fix

Newcastle BS launches 3.29% 10-year fix

Newcastle Building Society has launched a 10 year mortgage at a fixed rate of 3.29% up to 80% LTV with no fees.

22 Jan 2016

Shawbrook revamps Residential Refurbishment range

Shawbrook revamps Residential Refurbishment range

Following the recent introduction of the new RI0 range for Residential Investment, Shawbrook has cut rates on its Residential Refurbishment range.

22 Jan 2016

Bridging loans hit half a billion in 2015

Bridging loans hit half a billion in 2015

Bridging loans hit almost half a billion pounds during 2015, according to the latest Bridging Trends data.

22 Jan 2016

Fleet Mortgages adds Personal Touch to panel

Fleet Mortgages adds Personal Touch to panel

Fleet Mortgages has announced the addition of adviser network, Personal Touch Financial Services, to its distributor panel.

22 Jan 2016

Precise Mortgages launches MCD-compliant system

Precise Mortgages launches MCD-compliant system

Precise Mortgages, the specialist lender, has released a Mortgage Credit Directive ready version of their online mortgage application system for first charge lending.

22 Jan 2016

Yorkshire BS cuts high LTV rates by up to 0.50%

Yorkshire BS cuts high LTV rates by up to 0.50%

Yorkshire Building Society is launching a two-year fixed rate of 2.59% for borrowers with a 10% deposit.

22 Jan 2016

TSB launches BTL remortgage range

TSB launches BTL remortgage range

TSB has today launched two new mortgages for buy-to-let landlords looking to remortgage.

21 Jan 2016

Skipton to integrate financial advice subsidiary

Skipton to integrate financial advice subsidiary

Skipton Building Society has announced plans to integrate Skipton Financial Services, its wholly owned financial advice subsidiary, into Skipton Building Society, to form one combined business.

21 Jan 2016

MAB increases adviser numbers by 25%

MAB increases adviser numbers by 25%

Mortgage Advice Bureau increased adviser numbers to 790 in 2015, a rise of 156, or 25%, since last year end.

21 Jan 2016

Property development director receives 14-year ban

Property development director receives 14-year ban

A property development director has been disqualified for 14 years after his company, Towers Property Development, sold overvalued land by making misleading statements and failing to provide complete information to customers.

21 Jan 2016

more 2 life launches online equity release portal

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more 2 life launches online equity release portal

Lifetime mortgage provider more 2 life is expanding its support for brokers with investment in an online portal designed to speed up applications and further integrate underwriting.

21 Jan 2016

Cirencester Friendly increases adviser commission rates

Cirencester Friendly increases adviser commission rates

Cirencester Friendly has announced that, from 1 February, new business introductory commission rates on select individual income protection contracts will be increased.

21 Jan 2016

CML: annual mortgage lending at seven-year high

CML: annual mortgage lending at seven-year high

Gross mortgage lending reached £19.9 billion in December, according to the latest CML estimates.

21 Jan 2016

SortRefer reports New Year BTL surge

SortRefer reports New Year BTL surge

SortRefer is reporting a New Year surge in requests for its BTL remortgage conveyancing product.

21 Jan 2016

Metro Bank revamps resi and BTL offering

Metro Bank revamps resi and BTL offering

Metro Bank has refreshed its residential and buy-to-let mortgage range, including a rate reduction of 30bps and several policy changes.

21 Jan 2016

Home insurance premiums rise for first time since 2011

Home insurance premiums rise for first time since 2011

Q4 2015 saw small increases in the average quoted Shoparound premiums for home buildings, contents and combined policies - the first since 2011, according to the AA British Insurance Premium Index.

21 Jan 2016

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