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L&G sells Suffolk Life to Curtis Banks in £45m deal

L&G sells Suffolk Life to Curtis Banks in £45m deal

Curtis Banks has confirmed that is has acquired the Suffolk Life group of companies from Legal & General in a £45m deal.

15 Jan 2016

UK banks pledge mortgage support for Armed Forces

UK banks pledge mortgage support for Armed Forces

Armed Forces personnel posted overseas will be able to rent out their homes without facing higher mortgage costs or having to change their mortgage, Defence Secretary Michael Fallon and the British Bankers' Association have announced.

15 Jan 2016

Virgin Money launches BTL exclusives

Virgin Money launches BTL exclusives

From tomorrow, Virgin Money is introducing a new range of intermediary buy-to-let exclusives and reducing selected core rates.

14 Jan 2016

The 'landlord versus first-time buyer' argument

The 'landlord versus first-time buyer' argument

If any borrower grouping might be 'feeling the love' at the moment, then it's probably the first-time buyer market. With the benefit of hindsight, 2015 appears to have been the year when, certainly the Government, prioritised first-timers perhaps above all others. Certainly, in the perceived 'landlord versus first-time buyer' argument, it is landlords who may currently feel aggrieved that the rules have been changed considerably in favour of their opponent.

14 Jan 2016

MPC: return to 2% target will be more gradual

MPC: return to 2% target will be more gradual

At its first meeting of 2016, the MPC voted by a majority of 8-1 to maintain Bank Rate at 0.5%.

14 Jan 2016

Together cuts residential rates

Together cuts residential rates

Specialist finance provider Together has announced further rate cuts on its residential mortgage products to 6.69%.

14 Jan 2016

David Ingram to head SimplyBiz's IFA support business

David Ingram to head SimplyBiz's IFA support business

David Ingram has been appointed as the Managing Director of SIFA and will join the business on the 18th January.

14 Jan 2016

CML: November lending up 27% year-on-year

CML: November lending up 27% year-on-year

Home-owner house purchase lending totalled £10.7bn in November, down 9% on October but up 18% on November 2014, according to the latest CML data.

14 Jan 2016

John Charcol enters secured loan market with new acquisition

John Charcol enters secured loan market with new acquisition

John Charcol has today announced the acquisition of Simply Finance Group based in Southampton.

14 Jan 2016

LendInvest appoints in-house legal counsel

Christian Faes - Montello

LendInvest appoints in-house legal counsel

LendInvest has appointed its first in-house legal counsel to the company's expanding team.

14 Jan 2016

 

Just 8% of advisers would launch lower wealth solution

Just 8% of advisers would launch lower wealth solution

Less than one in 10 (8%) financial advisers say they are planning to launch a new solution to support lower wealth consumers over the next year, according to research by Sesame Bankhall Group.

14 Jan 2016

Almost half plan to remortgage following rate rise

Almost half plan to remortgage following rate rise

Today, the Bank of England's Monetary Policy Committee will meet for the first time this year to decide if the base rate should increase, but research from TSB shows that many British homeowners are unprepared for a rate rise in 2016.

14 Jan 2016

Annual housing market activity up 29%

Annual housing market activity up 29%

Total activity in the UK housing market has grown by more than a quarter during 2015, according to Connells Survey & Valuation.

14 Jan 2016

House prices soar £18,000 in 2015

House prices soar £18,000 in 2015

Average house prices in England and Wales grew 6.6% annually, up £17,963 since December 2014 to reach £292,077, according to the latest Your Move House Price Index.

14 Jan 2016

WASPI petition secures new debate on state pension changes

WASPI petition secures new debate on state pension changes

The Parliamentary Petitions Committee has decided to grant a debate to the 'WASPI' petition calling for 'Fair transitional state pension arrangements for 1950s women'. The debate will take place on 1 February.

13 Jan 2016

CML: FCA regulation has stifled market competition

CML: FCA regulation has stifled market competition

The FCA is expected to decide in the coming weeks whether or not to pursue plans for a review of competition in the mortgage market.

13 Jan 2016

Equity release market rises 24% to £1.71bn

Equity release market rises 24% to £1.71bn

Pensioners withdrew £4.7 million a day from their homes last year as the house price boom boosted retirement incomes, according to Key Retirement.

13 Jan 2016

Leeds raises maximum LTV lending in Northern Ireland

Leeds raises maximum LTV lending in Northern Ireland

Leeds Building Society has increased the maximum LTV lending on mortgages in Northern Ireland.

13 Jan 2016

West One Loans expands senior team

West One Loans expands senior team

Bridging lender West One Loans has announced a number of appointments to its senior team.

13 Jan 2016

BoE introduces tougher rules on bonus buy-outs

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BoE introduces tougher rules on bonus buy-outs

The Bank of England is today proposing to strengthen the remuneration requirements on buy-outs of variable remuneration.

13 Jan 2016

TSB increases residential rates

TSB increases residential rates

TSB has today adjusted residential mortgage rates on six of its short and medium term mortgages.

13 Jan 2016

SimplyBiz: FAMR should address regulatory overload

SimplyBiz: FAMR should address regulatory overload

Following communication with advisers and firms across the country, the SimplyBiz Group has announced the key measures which it feels need to be addressed by the FAMR in order to revitalise the post-RDR advice market for the benefit of consumers and reduce the advice gap.

13 Jan 2016

IRESS reveals latest XPLAN addition

IRESS reveals latest XPLAN addition

IRESS has announced the release of the Advice Module, the latest addition to its XPLAN Mortgage solution.

13 Jan 2016

The Mansfield launches 'future valuation' mortgage

The Mansfield launches 'future valuation' mortgage

Mansfield Building Society has launched its specialist residential product to allow loans to be assessed against the improved valuation of a property to help borrowers fund significant or structural property improvement.

13 Jan 2016

Nationwide reveals MCD preparations

Nationwide reveals MCD preparations

Nationwide has announced its preparations for the implementation of the Mortgage Credit Directive on 21 March 2016.

13 Jan 2016

NIESR: GDP growth remains at 0.6%

NIESR: GDP growth remains at 0.6%

NIESR's monthly estimates of GDP suggest that output grew by 0.6% in the three months ending in December 2015 after growth of 0.6% in the three months ending in November 2015.

12 Jan 2016

FCA refuses to lift broker ban

FCA refuses to lift broker ban

The FCA has refused an application by Mark Gregory Thorogood to revoke a Prohibition Order imposed on him in December 2010.

12 Jan 2016

Shawbrook launches new residential investment products

Shawbrook launches new residential investment products

Shawbrook has announced a number of changes to its residential investment range that includes new products and a commitment to improved SLAs across the application journey.

12 Jan 2016

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