Latest News

FSCS levy on firms rises to £363m

FSCS levy on firms rises to £363m

The FSCS has announced total levies of £363m for 2016/17, up from £319m this year, citing further claims from retirement savers who have been badly advised to hold risky investments in SIPPs.

20 Jan 2016

Masthaven Secured Loans hires underwriting manager

Masthaven Secured Loans hires underwriting manager

Masthaven Secured Loans has announced the key appointment of Shelley Connelly as underwriting manager.

20 Jan 2016

IRESS enhances Adviser Office solution

IRESS enhances Adviser Office solution

IRESS has announced the latest enhancements to its Adviser Office solution, with version 11.2 designed to help advisers in providing their clients with a first-rate customer experience.

20 Jan 2016

New life insurance provider offers payback guarantee

Protection

New life insurance provider offers payback guarantee

British Seniors Insurance Agency is launching an over 50s product with Lifetime Payback Guarantee as a standard feature, ensuring that customers never receive less than the total premiums they have paid.

20 Jan 2016

Brokers' mortgage market confidence at record high

Brokers' mortgage market confidence at record high

Intermediaries' confidence about the prospects for the mortgage market has reached a record level in the latest NatWest Intermediary Solutions' Market Confidence Barometer.

20 Jan 2016

House price growth at 15-month high

House price growth at 15-month high

Hometrack's UK Cities House Price Index has recorded a further jump in the rate of house price growth to 11.4%, up from 10.2% the previous month and 8.9% twelve months ago.

20 Jan 2016

Holloway Friendly appoints non-executive directors

Holloway Friendly appoints non-executive directors

Holloway Friendly, the original Holloway income protection society, has appointed two new non-executive directors - Anna East, chairman of the Dudley Building Society, and Adrian Humphreys.

20 Jan 2016

New intermediary-only lender to launch

New intermediary-only lender to launch

David Tweedy, former Managing Director of Platform Home Loans, and Guy Batchelor, recently Managing Director of Corporate Business at Countrywide, have confirmed that they are working together at Belmont Green Finance Limited to create a new challenger brand mortgage lender which will distribute its products exclusively via intermediaries.

19 Jan 2016

Wonga granted full FCA permissions

Wonga granted full FCA permissions

Wonga has received full consumer credit permissions from the FCA.

19 Jan 2016

TSB Intermediary signs 8,000 brokers in first year

TSB Intermediary signs 8,000 brokers in first year

In the twelve months since TSB mortgages became available through brokers, TSB Intermediary has welcomed over 18,000 new customers.

19 Jan 2016

 

Carney: now is not the time to raise interest rates

Carney: now is not the time to raise interest rates

Bank of England governor Mark Carney has admitted that "progress has been insufficient" to warrant a tightening of monetary policy in the near future.

19 Jan 2016

Osborne: FCA must cap 'excessive' pension exit fees

Osborne: FCA must cap 'excessive' pension exit fees

The Chancellor George Osborne today placed a duty on the FCA to cap excessive early exit charges for those eligible to access the pension freedoms.

19 Jan 2016

Employers reject pension tax relief upheaval

Employers reject pension tax relief upheaval

The Treasury are rumoured to be considering the abolition of pension tax relief linked to each individuals' rate of income tax in its upcoming review of pension taxation.

19 Jan 2016

Kensington increases max LTV to 85%

Kensington increases max LTV to 85%

Kensington has increased the maximum LTV on its core residential range to 85% and is launching a new 65% LTV product.

19 Jan 2016

Clydesdale & Yorkshire launch 95% LTV homemover range

Clydesdale & Yorkshire launch 95% LTV homemover range

Clydesdale and Yorkshire Banks have launched a new Home Mover Mortgage range.

19 Jan 2016

Pension managers expect further DC regulation

Pension managers expect further DC regulation

The majority of pensions managers (61%) do not agree that changes in governance over the last five years have improved member outcomes, according to research by LifeSight, Willis Towers Watson's UK DC master trust.

19 Jan 2016

UK inflation at 11-month high

UK inflation at 11-month high

CPI rose by 0.2% in the year to December 2015, compared with a 0.1% rise in the year to November 2015, according to the latest ONS data.

19 Jan 2016

ONS: house prices up 7.7%

ONS: house prices up 7.7%

UK house prices increased by 7.7% in the year to November 2015, up from 7.0% in the year to October 2015, according to the latest ONS house price index.

19 Jan 2016

Keystone Law to launch in Isle of Man

Keystone Law to launch in Isle of Man

Keystone Law has announced that it is launching in the Isle of Man.

19 Jan 2016

Leeds BS launches fees assisted range

Leeds BS launches fees assisted range

Leeds Building Society has started the New Year with a new fees assisted fixed rate range.

19 Jan 2016

Prudential UK appoints CEO

Prudential UK appoints CEO

Prudential has appointed John Foley as Chief Executive of Prudential UK & Europe and as an executive director of Prudential with immediate effect.

19 Jan 2016

Exclusive: Precise enters Help to Buy scheme

Exclusive: Precise enters Help to Buy scheme

Precise has announced that it will enter into the government Help to Buy scheme for the first time, with products due to launch on Thursday.

19 Jan 2016

90% LTVs see 4% cost reduction

90% LTVs see 4% cost reduction

The majority of mainstream 90% LTV mortgages are down in cost compared to three months ago, according to the latest quarterly product data analysis from Mortgage Brain.

18 Jan 2016

Changes to complaints recording, reporting and publication rules

Changes to complaints recording, reporting and publication rules

There have recently been some changes surrounding FCA requirements for complaint handling; in particular, introducing a three-day period to deal with complaints that can be handled quickly, and enhanced reporting requirements in the form of an updated reporting form on GABRIEL.

18 Jan 2016

Clydesdale Bank valued at £2bn ahead of IPO

Clydesdale Bank valued at £2bn ahead of IPO

National Australia Bank has set Clydesdale and Yorkshire Bank shares at between 175p and 235p ahead of its Initial Public Offering, giving the bank a value of between £1.54bn and £2.07bn.

18 Jan 2016

Advisers urged to support specialist conveyancers

Advisers urged to support specialist conveyancers

Fleet Mortgages has urged all mortgage advisers to take the "keenest of interest" in their clients' choice of conveyancing firm to ensure they have the best chance of completing their transaction within the required timescale.

18 Jan 2016

Barclays launches New Build mortgage range

Barclays launches New Build mortgage range

Barclays has announced the launch of a New Build range with 2 & 5 year fixed rates and a 2 year tracker available from 2.04% up to 85% LTV.

18 Jan 2016

House prices see unseasonal New Year surge

House prices see unseasonal New Year surge

The price of property coming to market in the New Year is up 0.5% (+£1,509) - the second highest rise at this time of year since 2007, according to the latest Rightmove house price index.

18 Jan 2016

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