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A quarter suffer financial hardship due to ill health

A quarter suffer financial hardship due to ill health

Almost a third (31%) of UK adults have experienced temporary or permanent leave from work due to ill health or a death within the family, leaving them with nearly 50% more debt and 40% less savings, according to research from Aviva.

18 Aug 2017

FCA cancels over 200 firms' authorisations in 2016/17

FCA cancels over 200 firms' authorisations in 2016/17

The FCA has confirmed that it cancelled the authorisations of 207 firms in the year to 30 June 2017 for 'failing to comply with basic regulatory requirements'.

17 Aug 2017

The Mansfield reports record mortgage lending as pipeline doubles

The Mansfield reports record mortgage lending as pipeline doubles

Mansfield Building Society has reported its highest ever volume of monthly applications in March and its highest ever month of completions in June, as part of its H1 results.

17 Aug 2017

Scottish Building Society appoints Raymond Abbott as Chairman

Scottish Building Society appoints Raymond Abbott as Chairman

Scottish Building Society has appointed Raymond Abbott as Chairman, replacing Rob Golbourn who will remain as non-executive director until he retires from the Board in October 2017.

17 Aug 2017

Pepper adds Paradigm to distribution network

Pepper adds Paradigm to distribution network

Pepper Homeloans has extended its distribution network to include Paradigm Mortgage Club.

17 Aug 2017

OneSavings Bank outlines approach to PRA buy-to-let changes

OneSavings Bank outlines approach to PRA buy-to-let changes

OneSavings Bank has announced its new lending criteria for portfolio landlords ahead of the upcoming PRA changes to portfolio landlords.

17 Aug 2017

Royal London intermediary pension sales soar 64%

Royal London intermediary pension sales soar 64%

Royal London has reported a 45% increase in total new life and pensions business to over £bn between H1 2016 and 2017, driven by a surge in intermediary business.

17 Aug 2017

Tesco Bank launches five-year fixed remortgage range from 1.94%

Tesco Bank launches five-year fixed remortgage range from 1.94%

Tesco Bank has introduced two new five-year fixed rate remortgage products which it says are currently the lowest rates available on the market.

17 Aug 2017

Is it still too easy to ignore second charge?

Is it still too easy to ignore second charge?

It is still too easy to disregard second charge loans when assessing the best way for clients to access funds for capital raising, according to Tim Wheeldon, COO at Fluent Money.

17 Aug 2017

HSBC to launch new broker platform with immediate DIP

HSBC to launch new broker platform with immediate DIP

HSBC has announced plans to further grow its broker distribution channel with a new intermediary platform.

17 Aug 2017

 

Value of bridging loans hits record £3bn in Q2

Value of bridging loans hits record £3bn in Q2

The value of bridging loans written by ASTL members exceeded £3 billion for the first time in the year to the end of June.

17 Aug 2017

Principality expands new build range with BTL and 90% LTV lending

Principality expands new build range with BTL and 90% LTV lending

Principality Building Society will now lend up to 90% LTV on residential mortgages for all new build houses and flats in England and Wales, up from its previous limit of 85% LTV.

16 Aug 2017

Up front fees – the facts

Up front fees – the facts

One of our members recently got in touch with us to check the NACFB’s attitude towards engagement fees.

16 Aug 2017

A lender's obligation to mortgage prisoners

A lender's obligation to mortgage prisoners

It’s such an irony that MMR and MCD were implemented to provide more robust and responsible practices in order to protect consumers against ‘predatory lending’, and yet we find ourselves in the situation where it’s increasingly common to find clients who are currently sat on their lenders’ SVR, paying a good few per cent over base - some clients remain on interest only mortgages even though they would benefit from switching to a lower rate and/or capital repayment – although in many cases, due to affordability criteria aren’t able to switch to their lender’s restrictions, despite never being in arrears with their mortgage and handling their personal finances in a responsible manner.

16 Aug 2017

Asda Money launches loans offering with Freedom Finance

Asda Money launches loans offering with Freedom Finance

Asda Money has partnered with lending platform Freedom Finance to launch its Asda Personal Loans offering.

16 Aug 2017

IRESS to launch digital tools through XPLAN for advisers

IRESS to launch digital tools through XPLAN for advisers

IRESS has announced the launch of new digital tools through XPLAN from early 2018.

16 Aug 2017

Second charge lending sees further 33% growth

Second charge lending sees further 33% growth

The second charge mortgage market saw new business up 33% by value and 22% by volume in June compared to the same month last year, according to figures from the Finance & Leasing Association.

16 Aug 2017

BTL mortgage rates see further reductions

BTL mortgage rates see further reductions

Over the past three months, most mainstream buy-to-let mortgage products saw further rate and cost reductions, according to Mortgage Brain data.

16 Aug 2017

Gifted deposits to first-time buyers down 5%

Gifted deposits to first-time buyers down 5%

The number of first-time buyers and investors using gifted deposits has fallen by almost 5% and 3% respectively in the last two years, according to My Home Move research.

16 Aug 2017

PwC fined £5.1m over RSM Tenon audit misconducts

PwC fined £5.1m over RSM Tenon audit misconducts

PricewaterhouseCoopers and a Senior Statutory Auditor have been fined and 'severely reprimanded' by the Financial Reporting Council after admitting misconduct in relation to the audit of professional services firm RSM Tenon Group.

16 Aug 2017

Mint Bridging launches 'summer sale' with free valuations

Mint Bridging launches 'summer sale' with free valuations

Mint Bridging has announced that it has over £30m of funding to lend in September and is offering free valuations on all new loan enquiries received from Tuesday 15th August, on loans that are fully completed before the 30th September.

16 Aug 2017

500 sign up to CII's pension transfers qualification in first week

500 sign up to CII's pension transfers qualification in first week

Over 500 personal finance professionals have signed up to the Chartered Insurance Institute’s pension transfers qualification in the first week of its launch, following FCA proposals to tighten the advice requirements for the transfer of safeguarded benefits.

15 Aug 2017

New Street revamps lending criteria

New Street revamps lending criteria

New Street Mortgages has overhauled its buy-to-let proposition, with a number of key changes to criteria.

15 Aug 2017

TMA launches exclusive fee free remortgage via Melton BS

TMA launches exclusive fee free remortgage via Melton BS

TMA Mortgage Club has partnered with The Melton Building Society to offer its members an exclusive fee free 75% LTV discounted rate remortgage.

15 Aug 2017

Shawbrook launches 55 Plus product with Equity Release Supermarket

Shawbrook launches 55 Plus product with Equity Release Supermarket

Shawbrook Bank's 55 Plus interest-only mortgage will now be available via Equity Release Supermarket's retirement mortgage comparison service.

15 Aug 2017

UK house price growth slips to 4.9%: UK HPI

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UK house price growth slips to 4.9%: UK HPI

Average house prices in the UK increased by 4.9% in the year to June 2017, down from 5.0% in the year to May 2017, according to the latest UK HPI.

15 Aug 2017

First-time buyer market soars 26% in June: UK Finance

First-time buyer market soars 26% in June: UK Finance

First-time buyers borrowed £5.9bn in June - up 26% on the previous month and 9% on June 2016 - as the buy-to-let market has continued to stagnate, according to UK Finance data, formerly published by the CML.

15 Aug 2017

Experts predict inflation peak as CPI remains at 2.6%

Experts predict inflation peak as CPI remains at 2.6%

The CPI 12-month inflation rate was 2.6% in July 2017, unchanged from June 2017, according to the latest ONS data.

15 Aug 2017

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