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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

 

Skipton revises BTL affordability ahead of PRA deadline

Skipton revises BTL affordability ahead of PRA deadline

Skipton Building Society has announced two key changes to its existing buy-to-let lending criteria ahead of the new PRA portfolio landlord rules coming into force from 30 September.

15 Aug 2017

LendInvest hires first BDM for Southern England

LendInvest hires first BDM for Southern England

LendInvest has appointed its first Business Development Manager for the South of England, ranging anywhere between Kent and Cornwall, and up to Birmingham.

15 Aug 2017

Equity release helping 13 first-time buyers a week

Equity release helping 13 first-time buyers a week

In the first half of 2017, 13 first-time buyers were helped onto the housing ladder every week by relatives who released equity from their homes, according to Retirement Advantage research.

15 Aug 2017

Building societies take quarter of gross mortgage lending share

Building societies take quarter of gross mortgage lending share

Data released by the Building Societies' Association today shows that mortgage lending by building societies accounts for over a quarter of lending in Q1.

14 Aug 2017

AI software CleverAdviser tops £1bn of assets

AI software CleverAdviser tops £1bn of assets

CleverAdviser, the cloud-based fund analysis software for IFAs which uses artificial intelligence, has reported passing the milestone of passing £1 billion of clients’ assets through the process.

14 Aug 2017

Standard Life & Aberdeen Asset Mgmt merger confirmed

Standard Life & Aberdeen Asset Mgmt merger confirmed

The £11bn merger between Standard Life and Aberdeen Asset Management has completed, the group has reported today.

14 Aug 2017

FTBs need good advice to beat expensive rental market, say Choice Finance

FTBs need good advice to beat expensive rental market, say Choice Finance

Buying rather than renting will, with the right advice, set British FTBs up for a 'double win', Choice Finance has said today.

14 Aug 2017

Paymentshield goes paperless on home insurance

Paymentshield goes paperless on home insurance

Provider of insurance to the mortgage intermediary market, Paymentshield, has announced that customers will now receive their Home Insurance policy documents online.

14 Aug 2017

Parents 'must be aware' of hidden costs in helping children with deposits

Parents 'must be aware' of hidden costs in helping children with deposits

Parents need to be aware of a wide range of unexpected costs and risks when helping their children with a house deposit, according to new research from mutual insurer Royal London.

14 Aug 2017

Remortgage rates creep up in Q1: Moneyfacts

Remortgage rates creep up in Q1: Moneyfacts

Remortgage customers have been able to benefit from some of the lowest rates ever seen, in recent months, yet research from Moneyfacts shows that time may be up for these competitive deals.

14 Aug 2017

Housing market 'pauses for breath' in July

Housing market 'pauses for breath' in July

According to the latest report from YourMove, the housing market paused for breath in July, dipping just 0.2%, reducing the annual rate of house price inflation to 2.9% – the lowest since July 2013.

14 Aug 2017

Bridging loan activity hits £150m in Q2

Bridging loan activity hits £150m in Q2

According to the latest data and analysis from Bridging Trends, during the second quarter of 2017, bridging loan activity peaked to £150.1m.

11 Aug 2017

Are you ready for second charge's second wind?

Are you ready for second charge's second wind?

How much do you have to say something before people start to believe it’s the truth? I ask this, not because I’m planning on starting some elaborate lie, but rather because I’m puzzled by an industry ‘belief’ that contradicts the evidence.

11 Aug 2017

Cash payments down 11% as consumers switch to contactless

Cash payments down 11% as consumers switch to contactless

New data published today by UK Finance has revealed that although cash remains king, the crown appears to be slipping as cash payments decreased by 11% between 2015 and 2016.

11 Aug 2017

Landbay adds Positive Lending to distribution panel

Landbay adds Positive Lending to distribution panel

Specialist buy to let mortgage lender, Landbay, has announced today that it has formed a new partnership with Positive Lending, adding the specialist distributor to its panel of distribution partners.

11 Aug 2017

Scottish Widows expands remortgage range

Scottish Widows expands remortgage range

Scottish Widows Bank has announced this morning that it has launched new rates on its Flexible remortgage products as well as expanding its product range.

11 Aug 2017

Lloyds announce new-build lending extension

Lloyds announce new-build lending extension

From today, Lloyds Banking Group will implement changes to its lending policy on new-build properties including extending its cap on new build mortgages available through Halifax.

11 Aug 2017

Openwork announce new Customer Protection Panel Chair

Openwork announce new Customer Protection Panel Chair

Financial advice network, Openwork, which supports over 3,200 advisers, has announced the appointment of Sarah Howe to chair its new Customer Protection Panel.

11 Aug 2017

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