Latest News

McDermott will not replace Wheatley as CEO, FCA confirms

McDermott will not replace Wheatley as CEO, FCA confirms

The FCA has confirmed that Tracey McDermott, interim Chief Executive, will not replace Martin Wheatley on a permanent basis after deciding to withdraw from the process in early December.

07 Jan 2016

Dudley BS scraps upper age limits across entire range

Dudley BS scraps upper age limits across entire range

Dudley Building Society has announced that it has removed all upper age restrictions across its entire product range.

07 Jan 2016

L&G hosts fifth series of Mortgage Club events

L&G hosts fifth series of Mortgage Club events

Legal & General Mortgage Club will be hosting its fifth series of Mortgage Club events across the UK this spring.

07 Jan 2016

Quarterly house price growth remains below 2%

Quarterly house price growth remains below 2%

House prices in Q4 2015 were 1.6% higher than in the preceding three months, and 9.5% higher than in the same three months a year earlier, according to the latest Halifax house price index.

07 Jan 2016

Majority unaware of FSCS' deposit protection changes

Majority unaware of FSCS' deposit protection changes

The majority of UK adults are unaware of the recent change to the FSCS' bank deposit protection limit, according to RCI Bank.

06 Jan 2016

Treasury considers £17bn Bradford & Bingley sale

Treasury considers £17bn Bradford & Bingley sale

The Treasury is reportedly preparing for a £17bn sale of Bradford & Bingley.

06 Jan 2016

Government 'responsible' for £2bn pension liberation loss

Government 'responsible' for £2bn pension liberation loss

The government is 'ultimately responsible' for the potential loss of billions of pounds of savers' pensions by refusing to'fix a broken system', according to the leader of ACA Pension Life, set-up to help victims of pension liberation scams.

06 Jan 2016

FCA rule changes remove need for firms to report breaches

FCA rule changes remove need for firms to report breaches

The FCA has set out a number of technical rule changes to the Senior Managers & Certification Regime in response to the government's new Bank of England and Financial Services Bill which was outlined in October.

06 Jan 2016

Payday lender enters liquidation after £20m redress order

Payday lender enters liquidation after £20m redress order

Payday lender Cash Genie has voluntarily entered into a solvent liquidation, six months after the FCA ordered the firm to provide over £20 million of redress to more than 92,000 customers for unfair practices.

06 Jan 2016

SPF Private Clients launches new homes division

SPF Private Clients launches new homes division

SPF Private Clients has announced the launch of SPF New Homes, a new team specialising in mortgages for high value new-build homes.

06 Jan 2016

 

GI 'firmly on the intermediary agenda' for 2016

GI 'firmly on the intermediary agenda' for 2016

Over three quarters of mortgage intermediaries expect to sell more general insurance products in 2016, according to Select & Protect.

06 Jan 2016

L&G updates MCD info hub

L&G updates MCD info hub

Legal & General Mortgage Club has updated its Mortgage Credit Directive Matrix, which explains the new regulation and provides information on lenders' plans for adopting the MCD rules.

06 Jan 2016

Advisers anticipate surge in equity release enquiries

Advisers anticipate surge in equity release enquiries

Advisers anticipate an increase the use of property wealth to fund retirement in the next 24 months, according to research from Key Partnerships.

06 Jan 2016

One in five equity release customers over value their homes

One in five equity release customers over value their homes

Up to one in five equity release customers are receiving lower than expected property valuations when they take out plans, according to research from Bower Retirement Services.

06 Jan 2016

Kensington joins TMA panel

Kensington joins TMA panel

Kensington has been appointed to TMA's panel of lenders, extending the range of mortgages available to directly authorised brokers who use TMA.

06 Jan 2016

Scottish builders welcome Labour FTB plan

Scottish builders welcome Labour FTB plan

The Scottish home building industry has welcomed the importance being attached to home ownership by the Scottish Labour Party following its pledge to help First Time Buyers into home ownership through a £3,000 savings boost.

05 Jan 2016

Ipswich BS launches Divorce Mortgage Programme

Ipswich BS launches Divorce Mortgage Programme

Ipswich Building Society is launching a Divorce Mortgage Programme, as part of its focus on providing support for mortgage misfits.

05 Jan 2016

Countrywide appoints corporate relationship director

Countrywide appoints corporate relationship director

Countrywide has appointed Scott Burman as Corporate Relationship Director.

05 Jan 2016

Keystone sets application deadline to beat stamp duty hike

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Keystone sets application deadline to beat stamp duty hike

Keystone Buy to Let Mortgages is urging brokers to submit their clients' Classic Range purchase applications as soon as possible in an effort to ensure that cases complete before 1st April 2016, when the new 3% stamp duty surcharge comes into effect.

05 Jan 2016

Government announces £6.3 million Housing Zone funding

Government announces £6.3 million Housing Zone funding

The government has today announced plans to distribute £6.3 million to 20 Housing Zones to help revive brownfield sites across the country.

05 Jan 2016

Lloyds launches FTB cashback offer

Mortgages

Lloyds launches FTB cashback offer

Lloyds bank has today extended its existing £500 remortgage cashback offer to include its first-time buyer and homemover range.

05 Jan 2016

Leeds among first lenders to join Help to Buy London scheme

Leeds among first lenders to join Help to Buy London scheme

Leeds Building Society will launch its range of new HTB London mortgages when the Government scheme goes live next month.

05 Jan 2016

Founding director returns to Complete FS

Founding director returns to Complete FS

Complete FS, the specialist lending packager, has appointed Damian Cain as National Account Manager.

05 Jan 2016

Bridging lending set to thrive in 2016

Bridging lending set to thrive in 2016

The UK economy's recovery from the global financial crisis has been a long and winding road.

05 Jan 2016

Smart Money secures partnership ahead of MCD

Smart Money secures partnership ahead of MCD

PI Financial has chosen Smart Money Ltd as their preferred partner for the provision of second charge loans ahead of the implementation of MCD in March 2016.

05 Jan 2016

FTB transactions rise by a quarter in 2015

FTB transactions rise by a quarter in 2015

The number of first-time buyer transactions climbed to 31,300 in November, representing an annual increase of 23.7% - or 6,000 additional transactions - compared to November 2014.

05 Jan 2016

Chancellors acquires majority stake in MAB partner

Chancellors acquires majority stake in MAB partner

Chancellors Group of Estate Agents has acquired a majority stake in brokers Alexander James Mortgage Services.

04 Jan 2016

Skipton BS cuts rates and launches new tracker range

Skipton BS cuts rates and launches new tracker range

Skipton Building Society is cutting rates on its 2 and 5 year fixed rate residential mortgages by up to 0.45%.

04 Jan 2016

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