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Electronic log books loom for UK homes

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Electronic log books loom for UK homes

Homeowners will publish electronic log books containing a detailed history of all maintenance and improvements before their house goes on the market, under new industry plans.

17 Mar 2017

Affordability gap widens to record 7.6 times income

Affordability gap widens to record 7.6 times income

On average, working people are paying around 7.6 times their annual earnings on purchasing a home in England and Wales, more than doubling over the last 20 years, according to the ONS.

17 Mar 2017

Brilliant Solutions adds Buckinghamshire to panel

Brilliant Solutions adds Buckinghamshire to panel

Brilliant Solutions has added Buckinghamshire Building Society to its lender panel, meaning brokers can now access residential, contractor, and buy-to-let products through the distributor.

17 Mar 2017

House price gap continues to grow: ONS

House price gap continues to grow: ONS

House prices in the cheapest neighbourhoods are becoming cheaper whilst the most expensive neighbourhoods are seeing house prices accelerate, according to data from the ONS.

17 Mar 2017

Nucleus appoints Angus Samuels to succeed Paul Bradshaw

Nucleus appoints Angus Samuels to succeed Paul Bradshaw

Angus Samuels has been appointed as non-executive chairman of Nucleus Financial Group, succeeding Paul Bradshaw who passed away in January.

17 Mar 2017

One in four say it's impossible to buy alone

One in four say it's impossible to buy alone

One in four young people feel it will be impossible to buy their own home without a partner, according to research from Post Office Money Mortgages.

17 Mar 2017

We’ve got to start thinking beyond our ‘guns’ to attract new financial advisers

We’ve got to start thinking beyond our ‘guns’ to attract new financial advisers

When contemplating the future of the financial advice industry, I can’t help but be reminded of the late sixties movie The Wild Bunch. Set in 1913 Texas, the film follows an ageing gang of outlaws looking for one final score as the traditional American West disappears around them.

17 Mar 2017

Lifetime mortgages become fastest growing product

Lifetime mortgages become fastest growing product

A record-breaking year for equity release in 2016 saw lifetime mortgages become the fastest growing segment of the mortgage market in terms of customer numbers, according Equity Release Council data.

17 Mar 2017

Yorkshire BS launches 0.99% fixed-rate

Yorkshire BS launches 0.99% fixed-rate

Yorkshire Building Society is launching a 0.99% two-year product - its lowest ever fixed rate and the only fixed rate product currently available at less than 1%.

16 Mar 2017

Bank of England votes 8-1 to maintain Bank Rate

Bank of England votes 8-1 to maintain Bank Rate

The Bank of England’s Monetary Policy Committee has voted by a majority of 8-1 to maintain Bank Rate at 0.25%, with Kristin Forbes voting to increase Bank Rate by 25 basis points.

16 Mar 2017

 

The domino effect: reviewing the stance on retention procuration fees

The domino effect: reviewing the stance on retention procuration fees

It has been a particularly interesting time for the intermediary mortgage market recently, thanks to mainstream mortgage lenders re-evaluating their stance on retention procuration fees. A review of the retention proposition for brokers is long overdue, so these recent developments will be welcome news for intermediaries across the country.

16 Mar 2017

Homeownership out of reach for two-thirds of self employed

Homeownership out of reach for two-thirds of self employed

Nearly two thirds (62%) of self-employed people do not know how they will manage to buy their first home whilst a third of recent first time buyers say they had to give up being self-employed to get a mortgage, according to new Aldermore research.

16 Mar 2017

Ipswich BS to consider zero hour contract mortgage applicants

Ipswich BS to consider zero hour contract mortgage applicants

Ipswich Building Society has amended its lending terms to allow creditworthy zero hour contract workers access to its range of mortgage products.

16 Mar 2017

1st Stop appoints Shawbrook's Philip George as NED

1st Stop appoints Shawbrook's Philip George as NED

1st Stop Group Limited has strengthened its Board with the appointment of Shawbrook Bank's Philip George as Non-Executive Director.

16 Mar 2017

New bridging lender joins the ASTL

New bridging lender joins the ASTL

Aspen Bridging is the latest member to join the Association of Short Term Lenders.

16 Mar 2017

Parliament to debate rental payments as proof of mortgage affordability

Parliament to debate rental payments as proof of mortgage affordability

A petition arguing that making rental payments is proof of ability to meet mortgage repayments has received over 100,000 signatures, meaning that it will be considered for debate in Parliament.

16 Mar 2017

The Senior Managers Regime extension – building a workforce you can count on

The Senior Managers Regime extension – building a workforce you can count on

As the Financial Conduct Authority extends its Senior Managers and Certification Regime, financial institutions need to ensure that both new hires and the existing workforce are up-to-code and risk free.

15 Mar 2017

Hammond axes self-employed NICs rise

Hammond axes self-employed NICs rise

Philip Hammond has scrapped plans to increase national insurance contributions for self-employed workers.

15 Mar 2017

Directors banned for 26 years over £2.2m landbanking scam

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Directors banned for 26 years over £2.2m landbanking scam

The directors of two companies which both traded as Option Four Group have been banned for a total of 26 years for operating a "worthless" landbanking scam.

15 Mar 2017

Equity release lending kicks off 2017 with 70% growth

Equity release lending kicks off 2017 with 70% growth

In the first two months of 2017, Responsible Equity Release has seen a 70% rise in new equity release plans compared to the same period in 2016, with 52% more homeowners releasing equity from their homes.

15 Mar 2017

Government reduces stake in Lloyds to below 3%

Government reduces stake in Lloyds to below 3%

The government has reduced its remaining shareholding in Lloyds Bank to below 3%.

15 Mar 2017

FTB market soars as buy-to-let activity hits five-year low

FTB market soars as buy-to-let activity hits five-year low

First-time buyer activity rose to from 28% to 36% of market activity in February, as buy-to-let purchases fell below 10% for the first time in five years, according to data from Connells Survey & Valuation.

15 Mar 2017

Zurich's Matthew Connell joins the CII

Zurich's Matthew Connell joins the CII

The Chartered Insurance Institute has appointed Matthew Connell as director of policy and engagement for both the CII and Personal Finance Society.

15 Mar 2017

Welsh Government moves to abolish Right to Buy

Welsh Government moves to abolish Right to Buy

The Welsh Government has proposed new legislation to abolish Right to Buy in a bid to increase the supply of social housing.

15 Mar 2017

Shawbrook launches over-55s interest-only range

Shawbrook launches over-55s interest-only range

Shawbrook Bank has announced the launch of its 55 Plus interest only mortgage, aimed at those who are nearing the end of their existing interest-only arrangement, but have an outstanding balance.

15 Mar 2017

Helping Jessie (and those like her)

Helping Jessie (and those like her)

I recently had a conversation with Jessie. She is in her late fifties and works as a specialist nurse in a GP Practice. Despite being in a well paid secure job, Jessie has a problem.

14 Mar 2017

FTB mortgage share hits post-crisis high

FTB mortgage share hits post-crisis high

The proportion of first-time buyers taking out a mortgage reached its highest level since Bank of England records began in 2007, according to its latest Mortgage Lenders and Administrators Statistics.

14 Mar 2017

Prudential sets aside £175m for annuity sales review

Prudential sets aside £175m for annuity sales review

Prudential has set aside a £175 million provision to cover the cost of a review into past non-advised annuity sales practices and related potential redress.

14 Mar 2017

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