Latest News

IRESS: MMR boosts intermediary market share

IRESS: MMR boosts intermediary market share

The intermediary mortgage market is seeing a resurgence following the introduction of MMR 18 months ago, according to research by IRESS.

01 Oct 2015

Annuity sales to people in ill-health plummet by 60%

Annuity sales to people in ill-health plummet by 60%

Sales of enhanced annuities to people with a reduced life expectancy continued their downward spiral in the first six months of 2015, according to research by Towers Watson.

01 Oct 2015

L&G's Early Warning System reinstates policies worth £125m

L&G's Early Warning System reinstates policies worth £125m

Legal & General affiliate IFAs and tied advisers helped their clients claim £23.4 million so far this year, thanks to the firm's Early Warning System technology.

30 Sep 2015

MiFID II: The sequel - Just when you thought it was safe to go back into European regulation

MiFID II: The sequel - Just when you thought it was safe to go back into European regulation

Introduced in 2007, the Markets in Financial Instruments Directive is referred to by the FCA as "the cornerstone of the European Union's regulation of financial markets"and provides UK firms with a 'passport' to trade across Europe.

30 Sep 2015

Mortgage Brain launches ConveyancingBrain

Mortgage Brain launches ConveyancingBrain

Mortgage Brain has announced the launch of ConveyancingBrain - a new conveyancing service dedicated solely for mortgage brokers.

30 Sep 2015

The offer of a lifetime?

The offer of a lifetime?

We're all susceptible to getting drawn in by special offers. How many of us have bought something we don't necessarily need from the supermarket simply because it was on special offer?

30 Sep 2015

Prudential enters non-advised drawdown market

Prudential enters non-advised drawdown market

Prudential has launched the Pension Choices Plan, a new non-advised personal pension and drawdown product which will give savers access to the full range of pension freedom options.

30 Sep 2015

HSBC cuts rates by up to 0.61%

HSBC cuts rates by up to 0.61%

HSBC has reduced the interest rates on the majority of its standard range fixed rate products.

30 Sep 2015

House price gap at record high as London growth hits double figures

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House price gap at record high as London growth hits double figures

In cash terms, the gap in average prices between the South and the North of England is at a record high, exceeding £150,000 for the first time, according to Nationwide.

30 Sep 2015

FCA: financial services complaints up 11.6%

FCA: financial services complaints up 11.6%

The latest complaints data published by the FCA shows financial services firms received 2,138,209 new complaints between January and June 2015.

30 Sep 2015

 

TISA calls for clarity over key themes in MiFID II

TISA calls for clarity over key themes in MiFID II

TISA has called for greater clarity and understanding around the issues of appropriateness and product governance in MiFID II, ahead of the FCA Consultation Paper in December.

30 Sep 2015

Retirement Advantage expands equity release range

Retirement Advantage expands equity release range

Retirement Advantage have announced the expansion of their current product range, to reintroduce Lump Sum Gold, Voluntary Select Gold and Interest Select Platinum equity release products alongside their Interest Select Gold product.

30 Sep 2015

LendInvest appoints first Head of Distribution

LendInvest appoints first Head of Distribution

LendInvest has appointed Matthew Tooth as the company's first Head of Distribution.

30 Sep 2015

AToM partners with Hanley Economic BS

AToM partners with Hanley Economic BS

All Types of Mortgages, the Specialist Mortgage Packager/Distributor, has announced a new and exclusive relationship with Hanley Economic Building Society.

30 Sep 2015

Leeds BS launches lowest ever fixed rate

Leeds BS launches lowest ever fixed rate

Leeds Building Society has launched a short-term two year fixed rate mortgage at 1.45%, the lowest fixed rate in the Society's 140 year history.

30 Sep 2015

Number of mortgage products hits post-recession high

Number of mortgage products hits post-recession high

The total number of mortgage products has passed 15,000 for the first time since the recession as competition among lenders intensifies, according to Mortgage Advice Bureau.

30 Sep 2015

Remortgagors double ahead of potential rate rise

Remortgagors double ahead of potential rate rise

The number of borrowers remortgaging has doubled year-on-year over the past two months, as customers snap up record low mortgage deals before interest rates begin to rise.

30 Sep 2015

Does the current network model still work?

Does the current network model still work?

The news earlier this month that Tavistock Investments is to close its Financial Ltd network was, I'm sure, a surprise to some appointed representatives in the industry.

29 Sep 2015

Aegon appoints MD for direct offering

Aegon appoints MD for direct offering

Aegon has confirmed the appointment of Mark Till as Managing Director for Direct in response to the "changing needs of advised and non-advised customers in an increasingly digital world".

29 Sep 2015

TISA announces Retirement Policy Council chair

TISA announces Retirement Policy Council chair

TISA has announced that Jamie Jenkins, Head of Pensions Strategy at Standard Life, is to be the new chair of its Retirement Policy Council.

29 Sep 2015

Co-op Bank sells £1.65bn mortgage portfolio

Co-op Bank sells £1.65bn mortgage portfolio

The Co-operative Bank has announced the securitisation of an additional £1.65bn of its Optimum residential mortgages portfolio.

29 Sep 2015

Mark Graves joins The Right Mortgage Network

Mark Graves joins The Right Mortgage Network

The Right Mortgage & Protection Network has announced today that Mark Graves is set to join as a shareholder of the business alongside joint managing director, Martin Wilson.

29 Sep 2015

BoE: August approvals at 19-month high

BoE: August approvals at 19-month high

The number of mortgage approvals rose to 71,030 in August - the highest level since January 2014.

29 Sep 2015

Aldermore launches its lowest ever two-year fix

Aldermore launches its lowest ever two-year fix

Aldermore has announced rate changes on its range of buy to let and residential mortgage products, including the launch of the Bank's lowest ever two year fixed rate residential mortgage.

29 Sep 2015

Two-thirds unaware of upcoming savings changes

Two-thirds unaware of upcoming savings changes

The majority of British adults are unaware of important changes that could impact their savings habits.

29 Sep 2015

Three in ten remortgagors now fear rate rise

Three in ten remortgagors now fear rate rise

Almost three in ten remortgagors now believe interest rates are going up, an increase from 16% in February and 6% up from July's 22%.

29 Sep 2015

Lenders urged to address growing contractor market

Lenders urged to address growing contractor market

Around one in three contractors have struggled to be accepted for mortgages since switching from the security of a staff job, according to research from Kensington.

29 Sep 2015

FHL sponsors The Buy to Let Event

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FHL sponsors The Buy to Let Event

Foundation Home Loans has announced that it will be one of the joint sponsors at the upcoming Buy to Let Event organised by Buy to Let Club, which takes place at four venues across the country between 20th and 23rd October.

29 Sep 2015

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