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Standard Life's Chief Executive steps down

Standard Life's Chief Executive steps down

Standard Life have announced that David Nish is stepping down on 5 August 2015 after six years as Chief Executive and nine years as a Director.

19 Jun 2015

House price sentiment at eight-month high

House price sentiment at eight-month high

23.7% of households across the UK said that the value of their home had risen over the last month, while 4.6% reported a fall according to the House Price Sentiment Index from Knight Frank and Markit Economics.

19 Jun 2015

Retirees expect a fifth less than their predecessors

Retirement

Retirees expect a fifth less than their predecessors

The next generation of retirees expect to be worse off in retirement by almost a fifth (18%) compared with those leaving the workplace this year, according to new research by Prudential.

19 Jun 2015

Broker confidence hits post-MMR high

Broker confidence hits post-MMR high

Broker confidence in the outlook for their own firms continues to recover, with the proportion of intermediaries who feel "very confident" about the outlook for the intermediary sector and the mortgage market as a whole now just below the all time high recorded in Q1 2014 - before the introduction of MMR.

19 Jun 2015

TSB reduces rates across mortgage range

TSB reduces rates across mortgage range

TSB has today cut mortgage rates by up to 0.2% across a wide range of mortgages for homeowners, homebuyers, and landlords.

18 Jun 2015

Over half of Complaints Commissioner cases FCA related

Over half of Complaints Commissioner cases FCA related

The Complaints Commissioner received 116 new complaints over the past year (up 16%), over half of which were regarding the Financial Conduct Authority.

18 Jun 2015

Equiniti Pancredit launches loan comparison site

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Equiniti Pancredit launches loan comparison site

Equiniti Pancredit has announced the launch of FairMoney, a loan comparison site that uses the applicant's credit profile to match them to the best loans available for their circumstances.

18 Jun 2015

LV= joins UnderwriteMe

LV= joins UnderwriteMe

LV= have become the latest insurer to confirm that they will be joining the UnderwriteMe comparison service, which allows intermediaries to obtain underwritten "buy now" or estimated prices and benefits using just one application process.

18 Jun 2015

Lynda Blackwell: MCD will have 'major impact' on seconds market

Lynda Blackwell: MCD will have 'major impact' on seconds market

Speaking at the Financial Reporter breakfast meeting this morning, the FCA's Lynda Blackwell acknowledged the 'major impact' that the Mortgage Credit Directive would have on the second charge market.

18 Jun 2015

Barclays improves interest only criteria

Barclays improves interest only criteria

Following a review of its residential lending criteria, Barclays is expanding its part and part lending criteria where the sale of property is used as the repayment vehicle.

18 Jun 2015

 

1st Stop Home Loans launches packaging option

1st Stop Home Loans launches packaging option

1st Stop Home Loans has successfully launched a packaging service option so that brokers can now package their secured loan application for clients before sending it to 1st Stop for processing.

18 Jun 2015

CML: lending remains steady in May

CML: lending remains steady in May

Gross mortgage lending in May showed little change on the previous month or on the same month last year, according to the Council of Mortgage Lenders.

18 Jun 2015

Access 4 Finance announces #treatingintroducersfairly pledge

Access 4 Finance announces #treatingintroducersfairly pledge

Access 4 Finance has today announced its #treatingintroducersfairly business pledge which focuses on three areas: Money, Service and Criteria, which aims to ensure that regulation and TCF doesnt neglect the service offered to introducers.

18 Jun 2015

Dudley BS sees 68% rise in new lending

Dudley BS sees 68% rise in new lending

Dudley Building Society has announced its year end results with a £887,000 pre tax profit, up from £556,000 in 2014.

18 Jun 2015

Kensington to consider profits in self-employed affordability

Kensington to consider profits in self-employed affordability

Kensington Mortgages is launching a new policy for self-employed customers, with affordability taking into consideration a company director's share of net profits in addition to their salary.

18 Jun 2015

Platform cuts rates by 0.25%

Platform cuts rates by 0.25%

Platform, the intermediary lender of The Co-operative Bank, has cut selected fixed mortgage rates by up to 0.25%, with new rates starting from 1.24% fixed for 2 years up to 60% LTV.

17 Jun 2015

Government plans cap on "excessive" early exit charges

Government plans cap on "excessive" early exit charges

George Osborne has today announced plans to "strengthen people's rights to access their pensions flexibly" and remove any unjustifiable barriers to doing so.

17 Jun 2015

The movement towards full later life advice

The movement towards full later life advice

It's fair to say that the pensions industry has been in the political, consumer and regulatory spotlight perhaps even more intently over the past few months, than at any other time in recent memory.

17 Jun 2015

Monmouthshire BS launches two year discount range

Monmouthshire BS launches two year discount range

Monmouthshire Building Society has launched a new range of two year discounted purchase and remortgage products.

17 Jun 2015

CML: falling rates trigger cut in government mortgage support

CML: falling rates trigger cut in government mortgage support

Steadily declining mortgage rates are about to trigger the first reduction in five years in the amount paid by the government to help borrowers in financial difficulty cover the cost of their mortgage interest payments.

17 Jun 2015

Masthaven completes £11.1m regulated bridge in 5 days

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Masthaven completes £11.1m regulated bridge in 5 days

Specialist lender Masthaven Finance has announced the completion of an £11.1million regulated bridging loan for a client of Positive Lending in just five days.

17 Jun 2015

MPC: global rate rises could have "international spillovers"

MPC: global rate rises could have "international spillovers"

The MPC have warned that the monetary policies of other countries could have "international spillovers" which affect the UK.

17 Jun 2015

£173m of life cover lost annually as a third cancel policies

£173m of life cover lost annually as a third cancel policies

Almost a third (28%) of UK adults who purchase Over 50s life insurance cancel their policy.

17 Jun 2015

TMA to host DA conferences

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TMA to host DA conferences

TMA has announced a series of business conferences for directly authorised advisers.

17 Jun 2015

Royal London calls for 'cost-effective' pension regime

Royal London calls for 'cost-effective' pension regime

The Chief Executive of Royal London has reiterated his call for an advice regime that enables consumers to make informed decisions when accessing their pension funds.

17 Jun 2015

Pensioners earn £900 a month in property wealth

Pensioners earn £900 a month in property wealth

Retired homeowners have seen their property wealth grow by more than £12.5 billion in the past three months as house prices continue to climb, earning the average pensioner nearly £900 a month.

17 Jun 2015

Twenty7Tec launches secured and bridging sourcing system

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Twenty7Tec launches secured and bridging sourcing system

Twenty7Tec has announced the launch of its combined mortgage, secured and bridging loan sourcing system.

16 Jun 2015

L&G and Intrinsic announce new protection partnership

L&G and Intrinsic announce new protection partnership

Legal & General has today announced it has extended its partnership with the Intrinsic Financial Adviser Network, allowing Intrinsic’s restricted advisers to access Legal & General protection products.

16 Jun 2015

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