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AMI "deeply concerned" over FCA fee hike

AMI "deeply concerned" over FCA fee hike

In its response to the FCA's policy statement, AMI said it is "deeply concerned" that despite the FCA receiving a significant number of responses challenging the proposals, no meaningful changes have been made.

25 Jun 2015

Nationwide cuts high-LTV fixed rates

Nationwide cuts high-LTV fixed rates

From tomorrow, Nationwide is reducing 2 year fixed rate mortgage products for those with smaller deposits by up to 0.25%.

25 Jun 2015

Gov: Right to Buy hitting one-for-one replacement target

Gov: Right to Buy hitting one-for-one replacement target

Government figures show that 3,337 new starts and acquisitions have been made since the Right to Buy scheme was reinvigorated in 2012, meaning that the additional homes sold in the first year of the scheme are being replaced on a one for one basis nationally.

25 Jun 2015

One third of retirees have no investment plans

One third of retirees have no investment plans

One third (33%) of over 55s do not plan to invest their money once they retire, and nearly half who do (49%) said they intend to save in a cash ISA, despite there being a limit to how much can be saved per tax year.

25 Jun 2015

Barclays launches sub-3% tracker at 90% LTV

Barclays launches sub-3% tracker at 90% LTV

Barclays is reducing rates on thirteen residential remortgage products.

25 Jun 2015

Charter Savings Bank deposits hit half a billion

Charter Savings Bank deposits hit half a billion

Charter Savings Bank, a trading style of Charter Court Financial Services alongside Precise Mortgages, has opened over 10,000 savings accounts in the sixteen weeks since its launch, equating to over £500m of consumer deposits.

25 Jun 2015

Blacks Connect upgrades quotation and instruction system

Blacks Connect upgrades quotation and instruction system

Broker-focused conveyancer, Blacks Connect, has announced a significant upgrade of its broker quotation and instruction system with a number of new services and developments introduced.

25 Jun 2015

FCA: debt management firms are failing vulnerable consumers

FCA: debt management firms are failing vulnerable consumers

The debt management sector remains one of the UK's highest risk consumer credit sectors, according to an FCA review into the advice provided by firms and whether customers are treated fairly.

25 Jun 2015

Openwork restructures distribution business

Openwork restructures distribution business

Openwork has announced plans to divide its distribution business into three specialist business units - wealth, mortgage and protection.

25 Jun 2015

Chelsea BS launches sub-3% 90% LTV

Chelsea BS launches sub-3% 90% LTV

Chelsea Building Society has reduced rates for customers with 5% and 10% deposits by up to 0.10%.

24 Jun 2015

 

Newcastle BS joins SimplyBiz panel

Newcastle BS joins SimplyBiz panel

Newcastle Building Society Intermediary Services has joined the SimplyBiz Mortgages panel of lenders.

24 Jun 2015

Gross remortgage lending falls 13%

Gross remortgage lending falls 13%

The value of monthly gross remortgage lending fell to £3.6bn in May, a 13% fall compared to April.

24 Jun 2015

Mark Graves to leave Pink

Mark Graves to leave Pink

Pink Network has announced that Mark Graves will be leaving his role as Director after an agreed handover period.

24 Jun 2015

Atom receives banking license ahead of launch

Atom receives banking license ahead of launch

Atom Bank has been granted its licence by the Bank of England, enabling it to push ahead with plans to launch later this year.

24 Jun 2015

BBA: approvals up 2% year-on-year as demand increases

BBA: approvals up 2% year-on-year as demand increases

After seeing slower demand in the second half of 2014, the overall mortgage stock is now 1.0% higher than a year ago, according to the latest BBA lending figures .

24 Jun 2015

Panacea: FCA should give industry 'good guys' a free ride

Panacea: FCA should give industry 'good guys' a free ride

Panacea Adviser, the online community and resource for financial advisers and paraplanners, has responded to the FCA announcement of a raise to adviser regulatory fees by 10.2%.

24 Jun 2015

Twenty7Tec confirms Mortgage27 closure

Twenty7Tec confirms Mortgage27 closure

Twenty7Tec Group, provider of mortgage and secured lending sourcing technology, has today confirmed that one of its subsidiary businesses, Mortgage27 Ltd, is to be closed.

24 Jun 2015

TFC partners with The Right Mortgage

TFC partners with The Right Mortgage

TFC Homeloans has partnered with new mortgage network The Right Mortgage to enable its appointed representatives to access specialist funding solutions, including bridging, first and second charge and commercial mortgages.

24 Jun 2015

One in four plan to move home as rate cuts continue

One in four plan to move home as rate cuts continue

One in four homeowners plan to move in the next six months citing recent mortgage rate cuts, according to the Nottingham Building Society.

24 Jun 2015

Retirement saving reaches record high, but 20% still don't save

Retirement saving reaches record high, but 20% still don't save

Retirement saving in the UK has reached the highest level ever recorded, with (56%) of the population now saving adequately.

24 Jun 2015

FCA to raise adviser fees 10.2%

FCA to raise adviser fees 10.2%

The FCA has confirmed that it will raise fees in 2015/16 by £7m, or 10.2%.

23 Jun 2015

FCA introduces ten-year bonus clawback period

FCA introduces ten-year bonus clawback period

The PRA and FCA have extended deferral periods for bonuses and introduced new clawback rules.

23 Jun 2015

HMRC: residential transactions up 11.6%

HMRC: residential transactions up 11.6%

The latest monthly property transactions data from HMRC shows that the number of non-adjusted residential transactions in May was 11.6% higher compared with April 2015, reflecting the usual increase in transactions at this time of the year.

23 Jun 2015

APFA calls for accountable regulators and fairer funding

APFA calls for accountable regulators and fairer funding

In the Association of Professional Financial Advisers' 2015/16 mission statement, Director General Chris Hannant wrote to advisers outlining a plan for an accountable regulator and fairer funding of all the regulatory bodies.

23 Jun 2015

Companies liquidated over £11.9m pension liberation scheme

Companies liquidated over £11.9m pension liberation scheme

KJK Investments Ltd and G Loans Ltd, two North West-based companies, were wound up by the High Court for operating a misleading pension-backed loan and investment scheme in which clients invested £11.9m.

23 Jun 2015

Family BS launches record low 95% LTV

Family BS launches record low 95% LTV

The Family Building Society has cut the interest rates on its three and five year fixed rate Family Mortgage - the lowest available for borrowers seeking a loan to value of up to 95% according to Moneyfacts.

23 Jun 2015

Y3S upgrades sourcing system

Y3S upgrades sourcing system

The latest upgrade to Y3S’s sourcing system for mortgage brokers has been launched.

23 Jun 2015

Metro Bank launches intermediary website

Metro Bank launches intermediary website

Metro Bank has launched a new website for intermediaries, allowing brokers and intermediaries to view all of Metro Bank's mortgage services in one place.

23 Jun 2015

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