Latest News

AMI calls for BoE action on Brexit and consumer credit affordability tests

AMI calls for BoE action on Brexit and consumer credit affordability tests

The Association of Mortgage Intermediaries believes the Bank of England "has a duty to take a position on Brexit" but expects a rate rise to come in February rather than November.

18 Oct 2017

TML launches family gifted equity and enhances contractor criteria

TML launches family gifted equity and enhances contractor criteria

The Mortgage Lender will now accept family gifted equity applications up to 75% LTV and has enhanced its contractor criteria across six of its product tiers.

18 Oct 2017

Furness BS increases offer validity period to 6 months

Furness BS increases offer validity period to 6 months

Furness for Intermediaries has increased its mortgage offer validity periods from 3 months to 6 months on residential and buy-to-let cases throughout the UK.

18 Oct 2017

IRESS introduces new digital solutions for advisers

IRESS introduces new digital solutions for advisers

IRESS has integrated Suitebox's digital workspace solutions into XPLAN. The new software will enable advisers to schedule and hold video meetings with clients using XPLAN, screen share documents and applications, record advice discussions and return all records of meetings directly to the client’s file notes in XPLAN.

18 Oct 2017

Castle Trust appoints Phoebus Software for mortgage servicing

Castle Trust appoints Phoebus Software for mortgage servicing

Phoebus Software has migrated Castle Trust’s mortgage book onto its cloud-based mortgage servicing solution as part of a five-year deal. The migration includes buy-to-let and limited company loans with products that feature rolled up interest.

18 Oct 2017

Rising automation: humans and robots in harmony or competition?

Rising automation: humans and robots in harmony or competition?

For those who were big fans of Ridley Scott’s original Blade Runner film – and the various director’s cuts that followed – 35 years later we've got the sequel in the form of Blade Runner 2049. The reviews are slowly starting to trickle in but there’s no doubting that the original feature had a major impact on film-makers and fans alike with its vision of a 2019 future that saw ‘replicants’ living side by side with human beings.

17 Oct 2017

Fluent Money appoints 18 new team members

Fluent Money appoints 18 new team members

Fluent Money Group has expanded its core second charge business team as new business volumes increase.

17 Oct 2017

FCA agrees to scrutiny of its RBS report

FCA agrees to scrutiny of its RBS report

The Chief Executive of the FCA has agreed to Treasury Committee proposals which involve assessing the transparency of an FCA investigation into the treatment of RBS business customers.

17 Oct 2017

TMA and Precise launch portfolio BTL exclusive

TMA and Precise launch portfolio BTL exclusive

TMA Mortgage Club has launched an exclusive three-year fixed rate buy-to-let product with Precise Mortgages aimed at large portfolio landlords.

17 Oct 2017

House prices rise by 5% in August: ONS

House prices rise by 5% in August: ONS

Average house prices in the UK increased by 5% in the year to August, up from 4.5% in July 2017, according to the latest ONS statistics.

17 Oct 2017

 

Industry predicts November rate rise as inflation hits 3%

Industry predicts November rate rise as inflation hits 3%

CPI inflation rose to 3.0% in September, up from 2.7% in August, according to ONS data released this morning.

17 Oct 2017

Chancellor considering stamp duty cut for first-time buyers

Chancellor considering stamp duty cut for first-time buyers

Chancellor Philip Hammond is reportedly considering a cut to stamp duty for first-time buyers.

17 Oct 2017

British Friendly expands Mutual Benefits proposition

British Friendly expands Mutual Benefits proposition

British Friendly is expanding its discretionary Mutual Benefits programme with three new initiatives focused on health and wellbeing.

17 Oct 2017

VitalityLife launches new adviser tools

VitalityLife launches new adviser tools

VitalityLife has launched two tools for advisers - the Reality Checker and the Trust Hub.

17 Oct 2017

Pepper appoints London BDM

Pepper appoints London BDM

Pepper Money has strengthened its presence in London with the appointment of Phil Quinn as Business Development Manager.

17 Oct 2017

Moving networks - is the grass always greener?

Moving networks - is the grass always greener?

It is human nature to continually wonder whether the grass is greener on the other side, particularly when you’re an AR firm owner and there are a considerable number of network propositions keen to bring you on board with promises of greater riches and resources should you make that decision in their favour.

16 Oct 2017

The Coventry cuts high-LTV five-year fixed rates

The Coventry cuts high-LTV five-year fixed rates

Coventry for intermediaries has reduced mortgage rates across its five-year fixed residential 90% LTV range by up to 0.16%.

16 Oct 2017

Unsecured debt rising by £80m a day

Unsecured debt rising by £80m a day

Over the past year, UK consumers’ unsecured debt has reached an all-time high of £300bn, or £11,000 per household, growing at a faster rate than at any time in the past 15 years, PwC analysis shows.

16 Oct 2017

FCA launches new support for firms applying for authorisation

FCA launches new support for firms applying for authorisation

The FCA has launched a new hub to support new asset management firms applying for authorisation.

16 Oct 2017

IRESS updates XPLAN to help advisers meet MiFID II rules

IRESS updates XPLAN to help advisers meet MiFID II rules

IRESS has announced new and extended capability in XPLAN to support wealth managers and financial planning professionals in meeting their MiFID II requirements.

16 Oct 2017

FirstRand makes £1.1bn bid for Aldermore

FirstRand makes £1.1bn bid for Aldermore

Aldermore Group has announced that it has received an indicative proposal from South Africa's largest bank, FirstRand, that would value the firm at £1.1bn.

16 Oct 2017

EXCLUSIVE: Castle Trust launches adverse credit BTL range through Brightstar

EXCLUSIVE: Castle Trust launches adverse credit BTL range through Brightstar

Castle Trust Capital has launched a new range of mortgages aimed at landlords with a "recent and significant" adverse credit record.

16 Oct 2017

Personal Touch adds Vernon BS to panel

Personal Touch adds Vernon BS to panel

Personal Touch has appointed Vernon Building Society to its mortgage panel.

16 Oct 2017

8% to consider 'drastic changes' post-rate rise: Nationwide

8% to consider 'drastic changes' post-rate rise: Nationwide

As the likelihood increases of the first rate rise in a decade, six in ten (62%) feel they could cope with but 8% would need to consider drastic changes, according to Nationwide research.

16 Oct 2017

September housing transactions fall 20%

September housing transactions fall 20%

Annual house price growth slowed to 1.3% in September, with transactions 20% lower compared to same month last year, according to the latest Your Move data.

16 Oct 2017

House price growth hits three-year high in October: Rightmove

House price growth hits three-year high in October: Rightmove

House prices saw a monthly increase of 1.1% in October, the largest increase since the 1.4% rise seen in October 2014, according to the latest Rightmove Index.

16 Oct 2017

The West Brom partners with My Home Move

The West Brom partners with My Home Move

The West Bromwich Building Society has chosen My Home Move as its new conveyancing partner for remortgage clients.

16 Oct 2017

In the Spotlight with Chris Knight, L&G Retail Retirement

In the Spotlight with Chris Knight, L&G Retail Retirement

We spoke to Chris Knight, MD of Legal & General Retail Retirement, about L&G's plans for the lifetime mortgage market in 2018 and his views on new FCA rules which require firms to inform consumers how much they could gain from switching provider.

13 Oct 2017

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