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Average earners in the south face 100-year wait to save deposit

Average earners in the south face 100-year wait to save deposit

Average wage earners could be looking at saving for more than 100 years to afford an average priced property where they live.

20 Oct 2015

Half of brokers still not utilising social media

Half of brokers still not utilising social media

Two thirds of brokers regularly use social media but only 56% use it for business purposes, suggesting that many are wary of using social media or feel that it doesn't offer any benefit to their business.

20 Oct 2015

Hinckley & Rugby launches high-LTV lifetime discount range

Hinckley & Rugby launches high-LTV lifetime discount range

Hinckley & Rugby Building Society has launched two new lifetime discount mortgages at 90 and 95% LTV.

20 Oct 2015

Aldermore launches lowest ever five-year BTL rate

Aldermore launches lowest ever five-year BTL rate

Aldermore has today released a new limited edition buy-to let remortgage product, the Bank's lowest ever five-year fixed rate.

20 Oct 2015

Remortgagors seeking intermediary help drops 13%

Remortgagors seeking intermediary help drops 13%

There has been a 5% monthly fall in the number of remortgagors consulting intermediaries, from 38% in July and August to 33% in September, according to findings from LMS.

20 Oct 2015

Coventry BS enhances residential and BTL ranges

Coventry BS enhances residential and BTL ranges

Coventry for intermediaries has enhanced its five-year fixed residential and buy to let ranges with new products starting at 2.34%.

20 Oct 2015

FHL to launch limited company BTL range

FHL to launch limited company BTL range

3mc, the Cheshire based national packager and mortgage club, has announced that it is trialling Foundation Home Loans' new limited company product, ahead of a formal launch in November.

20 Oct 2015

Brightstar launches Development Finance Division

Brightstar launches Development Finance Division

Brightstar has launched a new division to deal with the growing demand for development finance, aiming to help brokers with specialist support for all of their developer clients.

20 Oct 2015

L&G: holistic view of retirement advice is needed

Retirement

L&G: holistic view of retirement advice is needed

Legal & General Home Finance has today warned that the lack of holistic distribution expertise covering pensions, retirement income planning and equity release may hamper the future development of the at- and in-retirement markets.

19 Oct 2015

Skipton BS utilises Mortgage Brain's product data

Skipton BS utilises Mortgage Brain's product data

Skipton Building Society has adopted a customised version of Mortgage Brain's mortgage product data analysis and is using it to gain insight on the position and competitiveness of its products.

19 Oct 2015

 

70% still in the dark about FCA requirements

70% still in the dark about FCA requirements

A poll exploring the industry's attitudes towards FCA regulation found that over a third of people still don't feel their companies are well-prepared for new regulatory requirements.

19 Oct 2015

HSBC to remain in UK after regulatory reforms

HSBC to remain in UK after regulatory reforms

HSBC is considering keeping its headquarters in the UK after the government watered down a number of banking regulations.

19 Oct 2015

Advisers say accountant links key to 'opening new markets'

Advisers say accountant links key to 'opening new markets'

Financial adviser firms believe that working more closely with accountants will help open new markets including targeting major companies and individual directors, according to new research by Prudential.

19 Oct 2015

Partnership's Enhanced Retirement Account goes live

Partnership's Enhanced Retirement Account goes live

Partnership has announced that following a national intermediary education and engagement programme, it is now able to provide binding quotes for its Enhanced Retirement Account.

19 Oct 2015

First-time buyer prices surge 10% as demand intensifies

First-time buyer prices surge 10% as demand intensifies

October saw a new all-time high of £296,549 for the price of property coming to market, fuelled by high demand for first-time buyer properties, according to the latest Rightmove house price index.

19 Oct 2015

New home-buying scheme aims to give shared ownership alternative

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New home-buying scheme aims to give shared ownership alternative

A property investment company has this week launched an alternative to private renting for those who cannot afford to buy a home outright.

19 Oct 2015

Consumers call for greater competition from challenger banks

Consumers call for greater competition from challenger banks

The majority of the British public want to see an increase in challenger banks opposing the current dominance of the 'Big Five', according to Triodos Bank.

19 Oct 2015

MPs: pension freedoms could be "next mis-selling scandal"

MPs: pension freedoms could be "next mis-selling scandal"

The Work and Pensions Committee's first report into pension freedom guidance and advice urges the industry to offer more support to consumers taking up the new pension freedoms.

19 Oct 2015

F&TRC launches protection product ratings

F&TRC launches protection product ratings

F&TRC has announced the launch of new protection product ratings to help advisers and employers understand which providers are offering the most suitable and comprehensive products.

19 Oct 2015

Half of second steppers rely on financial assistance

Half of second steppers rely on financial assistance

Nearly a fifth (17%) of homeowners trying to take their second step on the housing ladder are considering turning to their friends or family to help fund the move, as trading up costs rapidly increase, according to the latest Lloyds Bank Second Steppers report.

17 Oct 2015

Abundance launches 'first dedicated P2P pension'

Abundance launches 'first dedicated P2P pension'

P2P investment platform Abundance says it is offering the UK's first ever peer-to-peer investment SIPP, 'the Abundance Pension', in a bid to address the current concerns stopping more people from saving adequately towards their retirement.

17 Oct 2015

Prime central London property sees drop in demand

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Prime central London property sees drop in demand

Demand for prime central London property is at its lowest point since the start of 2015, as the amount of stock on the market has increased by +21.3% since the start of the year and +9.9% since the election, whilst demand has fallen -8% since June, now at just 11.%.

16 Oct 2015

In the Spotlight with Alan Cleary, Precise Mortgages

In the Spotlight with Alan Cleary, Precise Mortgages

We spoke to Alan Cleary, Managing Director at Precise Mortgages, about Charter Savings Bank and the potential impact on secured lending volumes as a result of MCD.

16 Oct 2015

Newcastle BS launches 'All In One' fee-free mortgage

Newcastle BS launches 'All In One' fee-free mortgage

Newcastle Building Society has launched a mortgage product that covers all set-up fees including legal, valuation and product fees on both remortgages and house purchases.

16 Oct 2015

Shepherds Friendly launches new income protection plan

Shepherds Friendly launches new income protection plan

Shepherds Friendly has taken on-board feedback from consumers and advisers in developing their new income protection plan, which now includes an online application process with instant underwriting decisions.

16 Oct 2015

FCA bans senior trader from financial services industry

FCA bans senior trader from financial services industry

Following convictions on 20 November 2012 of two counts of fraud by abuse of position, the Financial Conduct Authority has banned Kweku Mawuli Adoboli from performing any function in relation to any regulated financial activity.

16 Oct 2015

'Joined up' buy to let market needed, urges property expert

'Joined up' buy to let market needed, urges property expert

Speaking at the Financial Reporter networking breakfast held in King's Cross yesterday, property expert Kate Faulkner spoke about improving the service for buy to let investors and how a 'joined up' industry was key to moving forward.

16 Oct 2015

Virgin improves resi and intermediary exclusive BTL rates

Virgin improves resi and intermediary exclusive BTL rates

Virgin Money has improved its residential and intermediary exclusive buy-to-let range by reducing selected fixed rates and introducing new fixed rate options at 70% LTV.

16 Oct 2015

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