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13% would "quickly" get into debt following rate rise

13% would "quickly" get into debt following rate rise

Almost 7 million people would struggle to cover their mortgage payments if interests rates rise by just 1%, according to research by Ocean Finance.

03 Jun 2015

Y3S expands management team

Y3S expands management team

Y3S, the Cardiff-based specialist loan packager, has boosted its management team with the addition of Helen Petko, who takes up the role of Group Marketing Manager at the firm.

03 Jun 2015

Spring into Summer with a new client base

Spring into Summer with a new client base

I write this on the official first day of Summer – currently as I look outside my window, do I see glorious sunshine or perhaps the most miserable day in the last three months? I’ll leave you to guess which.

03 Jun 2015

Nationwide: annual house price growth slows in May

Nationwide: annual house price growth slows in May

Annual house price growth moderated to 4.6% from 5.2% in April, according to the latest Nationwide house price index.

03 Jun 2015

TMW offers joint let to buy and homebuyer mortgage deal

TMW offers joint let to buy and homebuyer mortgage deal

Nationwide Building Society is launching a new loyalty initiative for customers converting their existing main residence into a Buy to Let through The Mortgage Works to rent out, while at the same time purchasing a residential property to live in.

02 Jun 2015

Santander launches new 85% LTV fixed rates

Santander launches new 85% LTV fixed rates

Santander has today announced the launch of two new mortgages at 85% loan to value.

02 Jun 2015

Help to Buy is 'catalyst behind Scottish home building'

Help to Buy is 'catalyst behind Scottish home building'

The Help to Buy (Scotland) shared equity scheme is the catalyst behind a 16 per cent increase in private sector home building seen during 2014.

02 Jun 2015

PFS raises concerns over rising regulatory costs

PFS raises concerns over rising regulatory costs

Personal Finance Society chief Keith Richards has raised concerns over regulatory costs after a recent study which claims as many as three in 10 advisers could leave the industry within the next five years.

02 Jun 2015

Debt woes to blight retirement for half of over 55s

Debt woes to blight retirement for half of over 55s

According to research from debt advice and solutions provider Debt Advisory Centre, credit cards, unsecured loans, mortgages and hire purchase agreements are threatening to blight the retirement of thousands of people.

02 Jun 2015

Mortgage approvals up 10% in April: BOE

Mortgage approvals up 10% in April: BOE

According to the Bank of England Money & Credit Data, the number of loan approvals for house purchase was 68,076 in April, compared to the average of 60,679 over the previous six months.

02 Jun 2015

 

Bridger launches into Scottish market

Bridger launches into Scottish market

As of yesterday, bridging lender Hope Capital has launched into Scotland.

02 Jun 2015

Life cover payouts falling short of outstanding mortgages

Life cover payouts falling short of outstanding mortgages

New research by SunLife shows that the UK’s famous ‘protection gap’ is caused by under-insurance as much as it is by no insurance.

02 Jun 2015

FCA publishes review on GI market outsourcing

FCA publishes review on GI market outsourcing

The Financial Conduct Authority has published the results of its thematic review of delegated authority arrangements in the general insurance market.

02 Jun 2015

TSB introduces new 3-year BTL fix

TSB introduces new 3-year BTL fix

From today, 2 June 2015, TSB Intermediary is expanding its Buy to Let mortgage range to include three year fixed rate mortgages, following last month’s successful Buy to Let launch.

02 Jun 2015

Last Time Buyer market worth £820 billion

Last Time Buyer market worth £820 billion

The 'Last Time Buyer' market consists of 5.3m under-occupied homes in the UK, with 3.3m LTBs looking to downsize, according to research by Legal & General and Cebr, the economics consultancy.

02 Jun 2015

Eight convicted in FCA investment fraud case

Eight convicted in FCA investment fraud case

In a case brought by the Financial Conduct Authority, eight men have been convicted for operating an unauthorised collective investment scheme which led to 110 investors losing over £4.3 million.

01 Jun 2015

Proc fees – the good, the bad and what’s next

Proc fees – the good, the bad and what’s next

Proc fees have been a pet subject of mine for some time. The good points are that proc fees have been rising since January 2014 when Coventry made the first move to raise theirs, meaning that after several years when proc fees really were in the doldrums, advisers are now being rewarded for the work they do in arranging a mortgage.

01 Jun 2015

Royal London pays 90% of IP claims

Royal London pays 90% of IP claims

Royal London's protection business - including Scottish Provident and Bright Grey – paid 90% of IP claims in 2014, according to its latest statistics.

01 Jun 2015

Govt extends Lloyds trading plan as further 1% sold

Latest News

Govt extends Lloyds trading plan as further 1% sold

The Chancellor has today set out the next stage in the government’s plan to return Lloyds Banking Group to private ownership by extending the Lloyds trading plan for a further six months.

01 Jun 2015

FTB rates fall to three-year low

FTB rates fall to three-year low

The number of first time buyer products available is continuing to increase, while mortgage rates are at their lowest levels in three years, according to research by MoneySuperMarket.

01 Jun 2015

Land Registry: annual house prices up 5.1%

Land Registry: annual house prices up 5.1%

April data from the Land Registry shows an annual price increase of 5.1%, taking the average property value in England and Wales to £179,817 compared with the peak of £181,014 in November 2007.

01 Jun 2015

LifeQuote launches short term IP range

LifeQuote launches short term IP range

LifeQuote, the adviser portal and administration service from DirectLife, has launched a new range of short term income protection policies.

01 Jun 2015

Stonebridge recruits major advisory firm

Stonebridge recruits major advisory firm

Stonebridge Group, the mortgage and insurance network, has today announced "larger players" Crystal Clear Financial Planning as its latest recruit.

01 Jun 2015

NatWest appoints London BDMs

NatWest appoints London BDMs

NatWest Intermediary Solutions has recruited Alan Hanks as the new field-based Business Development Manager for the West End of London and Surrey.

01 Jun 2015

Advisers demand reduction in equity release rates

Advisers demand reduction in equity release rates

Nearly four fifths (77%) of advisers believe there should be more products launched to enable asset rich but cash poor clients to access property equity, according to research from more 2 life.

01 Jun 2015

Key Retirement strengthens technical offering

Key Retirement strengthens technical offering

Key Retirement has appointed one of its founding directors, Dean Mirfin, to the newly-created role of technical director to provide technical oversight across its core business areas of equity release, retirement income, secured lending and Wills and Lasting Powers of Attorney.

01 Jun 2015

Housing market confidence dips in April

Housing market confidence dips in April

Confidence in the housing market dipped slightly last month, despite the fact that interest rates were held again and average house prices continued to increase, according to the latest monthly Halifax Housing Market Confidence Tracker.

30 May 2015

Equity release on interest-only triples post-MMR

Equity release on interest-only triples post-MMR

The number of people using equity release as a means to pay off an interest-only mortgage has tripled since the Mortgage Market Review ushered in tougher affordability measures in April last year.

30 May 2015

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