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CMA to assess impact of RBS challenger bank sale

CMA to assess impact of RBS challenger bank sale

The government has today asked the Competition and Markets Authority to assess the likely impact on competition in the UK banking sector when RBS sells its Williams & Glyn business.

28 May 2015

DeVere CEO: Osborne will target higher earners’ pension tax perks

DeVere CEO: Osborne will target higher earners’ pension tax perks

Nigel Green, CEO and founder of deVere Group, has urged Britain’s higher earners to review their tax relief on pensions ahead of Chancellor George Osborne’s post-election Budget, scheduled for 8 July.

28 May 2015

Quantum Valuations joins ASTL

Quantum Valuations joins ASTL

Quantum Valuations has become an associate member of the Association of Short Term Lenders, bringing the number of ASTL’s associate members to 19.

28 May 2015

Newcastle BS launches 80% fixed rate range

Newcastle BS launches 80% fixed rate range

Newcastle Building Society has launched a 1.65% two-year fixed rate mortgage at 80% LTV.

28 May 2015

45% fail to buy post-MMR

45% fail to buy post-MMR

Almost half (45%) of those who planned to buy a property since the introduction of MMR have failed to do so.

28 May 2015

FCA to consider additional PPI rules

FCA to consider additional PPI rules

The FCA is collecting evidence on current trends in complaints on payment protection insurance and could consider implementing additional rules and guidance following a Supreme Court case.

27 May 2015

Queen's Speech: Will triple lock apply to single tier pension?

Queen's Speech: Will triple lock apply to single tier pension?

Today’s Queen’s Speech announced the government’s intention to ‘secure the real value of the Basic State Pension so that more people can live in dignity and security in retirement.’

27 May 2015

Santander to cut rates across product ranges

Santander to cut rates across product ranges

Santander is launching new fixed rate and tracker rate mortgages from tomorrow, including a 60% LTV 2 year tracker at 1.69%.

27 May 2015

BoE pilots MPC rate meetings overhaul

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BoE pilots MPC rate meetings overhaul

The Bank of England is beginning a two month pilot of its new MPC meeting schedule before a full roll-out in August.

27 May 2015

Queen's Speech: Industry sceptical of Right to Buy extension

Queen's Speech: Industry sceptical of Right to Buy extension

The Queen has announced that "legislation will be introduced to support home ownership and give housing association tenants the chance to own their own home".

27 May 2015

 

The solution to the pension advice 'fear factor'

The solution to the pension advice 'fear factor'

Let’s be honest, the Pension Wise operation and service is not exactly flavour of the month with the media at present and, for a number of reasons which are beyond their control, there is a danger that the whole Guidance Guarantee could be tarnished before it’s truly got going.

27 May 2015

Aegon urges FCA not to apply MiFID II to pensions

Aegon urges FCA not to apply MiFID II to pensions

Responding to the Financial Conduct Authority’s proposals for implementing the EU MiFID II Directive, Aegon UK has urged the regulator not to bring pensions into scope.

27 May 2015

CML: London lending drops 16% in Q1

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CML: London lending drops 16% in Q1

New CML data on the characteristics of lending in Greater London in Q1 2015 show a decline in house purchase lending but increased remortgage activity.

27 May 2015

Stonebridge’s Revolution system sees "surge" in activity

Stonebridge’s Revolution system sees "surge" in activity

Stonebridge Group, the mortgage and insurance network, has today revealed a surge in financial promotion activity from users of its Revolution Touchpoint marketing tool, part of the Revolution technology system.

27 May 2015

Paratus AMC partners with Phoebus on large migration project

Paratus AMC partners with Phoebus on large migration project

Paratus AMC has completed a successful migration of over 29,000 live accounts from HML onto the Phoebus servicing platform.

27 May 2015

High LTVs see rate cuts of up to 0.88%

High LTVs see rate cuts of up to 0.88%

Mortgage borrowers with smaller deposits are seeing rate cuts of up to 0.88%.

27 May 2015

more 2 life increases Tailored Choice LTVs

more 2 life increases Tailored Choice LTVs

more 2 life is increasing the loan-to-value rates on its Tailored Choice Plan by up to 5.5%, offering LTVs of 55.5% for customers with medical conditions or lifestyle issues that affect their health.

27 May 2015

Connect adds Pepper Homeloans to panel

Connect adds Pepper Homeloans to panel

Connect Mortgage Club, the specialist buy to let network, has added Pepper Homeloans to its panel of mortgage lenders.

27 May 2015

Buckinghamshire BS launches 100% LTV guarantor mortgages

Buckinghamshire BS launches 100% LTV guarantor mortgages

Buckinghamshire Building Society has announced that it will offer Guarantor Option Mortgages on selected products in the Society's range.

26 May 2015

FCA to fine former Keydata exec £75m

FCA to fine former Keydata exec £75m

The FCA has announced plans to fine three former members of Keydata’s senior management - Stewart Ford, Mark Owen and Peter Johnson - almost £80m collectively.

26 May 2015

Government to announce "landmark" Right to Buy extension

Government to announce "landmark" Right to Buy extension

Communities Secretary Greg Clark has promised that tomorrow's Queen's Speech will include "landmark changes" to the housing market.

26 May 2015

Building societies lend £12.7bn in Q1

Building societies lend £12.7bn in Q1

Building societies lent £12.7 billion of gross new mortgages in the first three months of the year, according to data by the BSA.

26 May 2015

Over half of advisers have no plans to go digital

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Over half of advisers have no plans to go digital

Despite the rapid change and demand towards digitisation, the majority of financial advisers in the UK still prefer to service customers through traditional channels.

26 May 2015

Confusion over equity release

Confusion over equity release

Following on from my ‘Creating Clarity Amidst Confusion’ piece, I now believe that the industry can be even more proactive in assisting our customers in understanding this often confusing marketplace.

26 May 2015

DeVere warns of 'sophisticated' clone firms

DeVere warns of 'sophisticated' clone firms

‘Boiler room fraudsters’ claiming to be from legitimate and regulated firms are going to new lengths to scam consumers out of their savings since the pension freedoms came into effect last month, according to Kevin White, Head of Financial Planning at DeVere United Kingdom.

26 May 2015

Leek United BS appoints new director

Leek United BS appoints new director

Leek United’s Finance Director Paul Wilson has been appointed to the Society’s Board as an Executive Director.

26 May 2015

Access 4 Finance launches industry survey

Access 4 Finance launches industry survey

Secured loan broker Access 4 Finance have launched the first in a series of surveys designed to find out what finance professionals thinks about the industry.

26 May 2015

Judge criticises FCA for "troubling" PR failings

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Judge criticises FCA for "troubling" PR failings

An Upper Tribunal judge has criticised the FCA for “deeply disappointing and troubling” failings in the way it handled the case of a fined and banned financial adviser.

26 May 2015

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Complex Lending Roadshow March 2017

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