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Brokers see rise in over-40s mortgage rejections

Brokers see rise in over-40s mortgage rejections

Brokers are seeing a rise in mortgage and re-mortgage customers in their 40s being caught by age restrictions, according to Nottingham Building Society.

23 Feb 2016

FCA restricts and fines broker £1.2m

FCA restricts and fines broker £1.2m

The FCA has fined W H Ireland £1.2million and restricted the firm from taking on new clients in its corporate broking division for a period of 72 days.

23 Feb 2016

Accord: one in five broker queries made online

Accord: one in five broker queries made online

Intermediaries are using web chat services for one out of every five enquiries, highlighting the changing way brokers communicate with lenders.

23 Feb 2016

Y3S completes £900k secured loan

Y3S completes £900k secured loan

Y3S has completed a £900,000 second charge loan through Prestige Finance.

23 Feb 2016

Remortgaging hits seven-year high

Remortgaging hits seven-year high

Gross remortgage lending rose to a seven-year high of £6.2bn in January - a 49% monthly rise, according to LMS.

23 Feb 2016

Steve Webb: Osborne's pension reforms 'daylight robbery'

Steve Webb: Osborne's pension reforms 'daylight robbery'

Royal London has warned that the March Budget could amount to 'daylight robbery' if the Chancellor replaces the current system either with a pension ISA or a low flat-rate of tax relief.

23 Feb 2016

Broker mortgage products take 71% market share

Broker mortgage products take 71% market share

The number of mortgage products available on the market hit 17,132 in January - the highest number seen since March 2008 (23,802), according to Mortgage Advice Bureau.

23 Feb 2016

Home and Away: What do you need to consider when advising clients who live abroad?

Home and Away: What do you need to consider when advising clients who live abroad?

With an estimated 325,000 Britons emigrating every year, it's highly likely that many advisers will count a handful of expats amongst their client base.

22 Feb 2016

The Nottingham launches seven-year fixed rate

The Nottingham launches seven-year fixed rate

The Nottingham is launching a seven-year fixed rate mortgage with an interest rate of 2.94% fixed until 1 May 2023 and an LTV of up to 80%.

22 Feb 2016

Self-cert lender: MCD won't prevent us lending

Self-cert lender: MCD won't prevent us lending

Self-certification mortgage lender selfcert.co.uk has responded to the FCA's self-cert mortgage warning, arguing that "there is no evidence Self Cert products caused any more harm than any other mortgage product available in the UK".

22 Feb 2016

 

FCA to launch regulatory support for older consumers

FCA to launch regulatory support for older consumers

The FCA says financial services firms must do more to ensure that consumers can access the financial products and services they need at every stage of their life.

22 Feb 2016

Majority unaware of pension consolidation benefits

Majority unaware of pension consolidation benefits

Three-fifths (59%) of people are unaware of the benefits pension consolidation can bring, according to research from Aegon.

22 Feb 2016

EU exit could cause 5% house price drop

EU exit could cause 5% house price drop

An EU exit could see UK house prices drop by 5%, according to eMoov.

22 Feb 2016

Paragon launches online limited company application

Paragon launches online limited company application

Intermediaries can now submit applications for limited company buy-to-let purchases on Paragon Mortgages' website.

22 Feb 2016

Mortgage sales see 16% monthly surge

Mortgage sales see 16% monthly surge

January residential and buy-to-let sales combined stood at £12.25bn - an increase of £1.65bn, or 15.6% on December, according to Equifax Touchstone.

22 Feb 2016

ONS: young adults living with parents at 20-year high

ONS: young adults living with parents at 20-year high

Young adults aged 20 to 34 are more likely to be sharing a home with their parents than any time since 1996, according to ONS data.

22 Feb 2016

Sesame and PMS launch 95% LTV exclusives via Leeds

Sesame and PMS launch 95% LTV exclusives via Leeds

Sesame and PMS have launched an exclusive fixed rate product to appointed representatives of its network and members of its mortgage club via Leeds Building Society.

22 Feb 2016

HSBC reports £937m Q4 loss

HSBC reports £937m Q4 loss

HSBC has reported a Q4 loss of $1.3bn (£937m), compared with a $511m profit in Q4 2014.

22 Feb 2016

In the Spotlight with Jason Berry, Uinsure

In the Spotlight with Jason Berry, Uinsure

We spoke to Jason Berry, Director of Sales at Uinsure, about how to ensure home insurance becomes a core product for brokers and how the industry will change over the next 12 months.

19 Feb 2016

Where is technology going in the mortgage market?

Where is technology going in the mortgage market?

2016 marks 30 years since Mortgage Brain first introduced mortgage software to an unsuspecting mortgage community and since then it's revolutionised the industry.

19 Feb 2016

P2P platform Crowdstacker reveals IFISA details

P2P platform Crowdstacker reveals IFISA details

FCA authorised platform Crowdstacker has announced the details of its new Innovative Finance ISA that will be available to investors from 6th April 2016.

19 Feb 2016

Payday lender receives FCA authorisation

Payday lender receives FCA authorisation

Short-term lender Peachy.co.uk has received FCA authorisation.

19 Feb 2016

LSL acquires £9.1m stake in advice firm

LSL acquires £9.1m stake in advice firm

LSL Property Services has acquired a 65% interest in Group First Limited who offer mortgage and protection brokerage services to the purchasers of new homes through its subsidiaries, Mortgages First and Insurance First Brokers.

19 Feb 2016

Yorkshire BS launches 1.14% fixed rate

Yorkshire BS launches 1.14% fixed rate

Yorkshire Building Society has launched a two-year fixed rate mortgage at 1.14%, which it says is the lowest two-year fixed rate currently on the market.

19 Feb 2016

P2P platform gains FCA approval ahead of IFISA launch

P2P platform gains FCA approval ahead of IFISA launch

Peer-to-peer platform Abundance has gained the necessary approval from the FCA and is now formally an ISA manager.

19 Feb 2016

Bath Building Society launches Rent a Room mortgage

Row of colourful houses

Bath Building Society launches Rent a Room mortgage

Bath Building Society has launched a Rent a Room mortgage, allowing an applicant to borrow more by renting out a room and using the rent towards the mortgage payment.

19 Feb 2016

FCA takes action over advice firms' due diligence failings

FCA takes action over advice firms' due diligence failings

An FCA review has concluded that many firms aren't showing consistently good practice on due diligence, and has ordered one firm to complete a past business review.

19 Feb 2016

Hinckley & Rugby mortgage advances up 14%

Hinckley & Rugby mortgage advances up 14%

Hinckley & Rugby Building Society grew its mortgage advances 14% to £128 million in 2015, according to its latest results.

19 Feb 2016

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