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Ipswich BS expands distribution with SimplyBiz

Ipswich BS expands distribution with SimplyBiz

Ipswich Building Society is widening access to its product range to all SimplyBiz Mortgage members.

05 May 2016

Dragonfly expands BDM team

Dragonfly expands BDM team

Short- and medium-term lender Dragonfly Property Finance, part of the Octopus group, has hired Chris Holden and Lauren Gill as External BDMs.

05 May 2016

Pay rate BTL mortgages - the next affordability bubble?

Pay rate BTL mortgages - the next affordability bubble?

Are BTL lenders that continue to offer pay rate products on fixed or lifetime trackers potentially creating the next affordability bubble?

05 May 2016

Equity Release Council appoints new experts to board

Equity Release Council appoints new experts to board

The Equity Release Council has appointed five new senior industry experts to its main board of directors, following a vote by members announced at its latest Annual General Meeting.

05 May 2016

New laws give more power to BoE policy committees

New laws give more power to BoE policy committees

Parliament has passed the Bank of England and Financial Services Act 2016, which will see the Monetary Policy Committee's monthly meetings cut from 12 to 8 a year, and place the Bank's three major policy committees on the same statutory footing.

05 May 2016

Belmont Green expands intermediary support team

Belmont Green expands intermediary support team

Leeds Building Society's Head of Intermediary Distribution, Louisa Sedgwick, is joining the senior management team at challenger mortgage lender Belmont Green as Director of Sales - Mortgages.

04 May 2016

Precise parent company cancels sale plans

Precise parent company cancels sale plans

Charter Court Financial Services, the parent company of Exact and Precise Mortgages, has cancelled sale plans after bids failed to reach the £400m asking price.

04 May 2016

Bank of Ireland revamps intermediary range

Bank of Ireland revamps intermediary range

Bank of Ireland for Intermediaries is has made improvements to its current product range.

04 May 2016

Standard Life grows platform with AXA Elevate deal

Standard Life grows platform with AXA Elevate deal

Standard Life has acquired AXA Portfolio Services Limited (trading as Elevate), adding over 160,000 customers and assets under administration of £9.8bn to its business.

04 May 2016

MCI expands panel with National Counties

MCI expands panel with National Counties

National Counties Building Society has become the latest lender to join MCI Mortgage Club's growing panel.

04 May 2016

 

KPMG: Challengers surge ahead, but obstacles remain

KPMG: Challengers surge ahead, but obstacles remain

Challenger banks are once again outperforming the 'Big Five' on growth, cost-to-income and return on equity, according to KPMG's Challenger Banking Annual Results.

04 May 2016

Sainsbury's Bank to launch mortgage range in 2017

Sainsbury's Bank to launch mortgage range in 2017

Sainsbury's has confirmed that it will launch new mortgage products in 2017.

04 May 2016

eValue launches robo-advice platform

eValue launches robo-advice platform

Risk and financial planning software supplier, eValue, has launched a bespoke robo-advice platform which will offer providers support in areas including investment, protection, pre-, at- and post- retirement and mortgages.

04 May 2016

Wonga's losses double to £80m

Wonga's losses double to £80m

Wonga's pre-tax losses grew from £38.1m in 2014 to £80.2m last year, while revenues declined by 64% to £77.3m.

04 May 2016

FHL launches its lowest ever BTL rate

FHL launches its lowest ever BTL rate

3mc is offering an exclusive buy-to-let deal which offers the same 3.49% 2-year fixed rate for both individual and limited company applications.

04 May 2016

FSE Manchester unveils seminar programme

FSE Manchester unveils seminar programme

Financial Services Expo Manchester has unveiled its seminar programme, with a keynote address by former GB athlete Steve Backley OBE.

04 May 2016

Barclays scraps deposit on Family Springboard mortgage

Barclays scraps deposit on Family Springboard mortgage

Barclays has removed the requirement for Family Springboard mortgage customers to provide a 5% deposit.

04 May 2016

L&G launches sub-5% Flexible Lifetime rates

L&G launches sub-5% Flexible Lifetime rates

Legal & General has announced further rate reductions across its lifetime mortgage ranges, introducing a new rate of 4.80% for its Premier Flexible product.

03 May 2016

AXA launches guaranteed benefit drawdown range

AXA launches guaranteed benefit drawdown range

AXA Life Invest has launched Secure Advantage+ - a new drawdown product that allows pension savers to add a range of benefits and guarantees. Customers remain invested, but can take out an income or capital guarantee and protect themselves from market falls.

03 May 2016

Leeds BS launches probate service

Leeds BS launches probate service

Leeds Building Society is launching a new service to help members and their families deal with the estate after the death of a loved one.

03 May 2016

Aegon to acquire BlackRock's DC platform

Aegon to acquire BlackRock's DC platform

Aegon has announced an agreement to acquire BlackRock's UK defined contribution platform and administration business.

03 May 2016

RBS to rebrand 300 branches as Williams & Glyn

RBS to rebrand 300 branches as Williams & Glyn

RBS is rebranding 300 branches to Williams & Glyn, and reverting back to its full name of 'Royal Bank of Scotland' across a further 200 Scottish branches.

03 May 2016

Mansfield BS launches 95% LTV discounted rate

Mansfield BS launches 95% LTV discounted rate

Mansfield Building Society has launched a new two-year discounted rate mortgage up to 95% LTV.

03 May 2016

ASTL welcomes accountancy firm as associate member

ASTL welcomes accountancy firm as associate member

Smith & Williamson has joined the Association of Short Term Lenders as an associate member.

03 May 2016

'Bank of Mum and Dad' to lend £5bn in 2016

'Bank of Mum and Dad' to lend £5bn in 2016

The 'Bank of Mum and Dad' is on track to lend over £5 billion in 2016, making it the equivalent of a top 10 mortgage lender in the UK.

03 May 2016

Newcastle Intermediaries launches BTL exclusive

Newcastle Intermediaries launches BTL exclusive

Newcastle Intermediaries has updated its buy-to-let range with a remortgage exclusive product.

03 May 2016

Promise partners with Personal Touch for second charge

Promise partners with Personal Touch for second charge

Promise Solutions has joined the panel of Personal Touch Financial Services to provide second charge loans.

03 May 2016

Adviser numbers to drop despite increasing demand

Adviser numbers to drop despite increasing demand

More than half of financial advisers (51%) expect the number of advisers operating in the UK to shrink this year, despite half turning away up to five potential customers a month as demand exceeds supply.

03 May 2016

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