Latest News

TMW cuts rates by up to 0.30%

TMW cuts rates by up to 0.30%

The Mortgage Works, the specialist buy-to-let arm of Nationwide, has cut rates on selected two-year tracker products by up to 0.30% and five-year fixed rates by up to 0.15%.

13 Jul 2017

Financial advice leaves consumers £40,000 better off

Financial advice leaves consumers £40,000 better off

Consumers who take financial advice are accumulating significantly more financial assets and pension wealth than their unadvised peers, according to research from the International Longevity Centre and Royal London.

13 Jul 2017

CHL's John Truswell joins Together

CHL's John Truswell joins Together

Together has appointed John Truswell as head of national accounts.

13 Jul 2017

RBS to pay £4.2bn fine over US mortgage-backed securities

RBS to pay £4.2bn fine over US mortgage-backed securities

RBS has reached a settlement with the US Federal Housing Finance Agency to pay $5.5 billion (£4.2 billion) in exchange for the FHFA dropping its outstanding litigation against the bank.

12 Jul 2017

Graduates face 24 year wait before pensions outgrow student loans

Graduates face 24 year wait before pensions outgrow student loans

New graduates face almost a quarter of a century working before their pension wealth fully offsets their student loan debt, according to analysis from evestor.

12 Jul 2017

Aldermore appoints Chief Credit Officer

Aldermore appoints Chief Credit Officer

Aldermore has appointed John Wood to the newly created role of Chief Credit Officer.

12 Jul 2017

Skipton launches 0.99% fixed rate

Skipton launches 0.99% fixed rate

For the first time in its 164-year history, Skipton Building Society has broken below the 1.00% mortgage barrier.

12 Jul 2017

Les Pick joins Retirement Advantage

Les Pick joins Retirement Advantage

Retirement Advantage has appointed Les Pick as Head of Sales for its equity release arm.

12 Jul 2017

Paragon implements PRA underwriting changes

Paragon implements PRA underwriting changes

From next week, Paragon will implement the PRA Phase 2 changes, which require more thorough underwriting standards for portfolio landlords with four or more mortgaged properties.

12 Jul 2017

FTB and homemover figures slump in May: CML

FTB and homemover figures slump in May: CML

On a seasonally adjusted basis, lending to first-time buyers and home movers declined by value and volume in May compared to April, according to the latest CML figures.

12 Jul 2017

 

Association of Bridging Professionals appoints new members

Association of Bridging Professionals appoints new members

The Association of Bridging Professionals has appointed three new members to its Executive Committee.

12 Jul 2017

Accessing pension pots early is ‘the new norm’: FCA

Accessing pension pots early is ‘the new norm’: FCA

The FCA's Retirement Outcomes Review has concluded that accessing pension pots early has become ‘the new norm’.

12 Jul 2017

Retirees gain £4,000 by switching annuity provider

Retirees gain £4,000 by switching annuity provider

Retirees can gain an average of £4,000 more over the course of their retirement by switching annuity provider, according to LV= research.

12 Jul 2017

Over half of £1m+ house purchases to take place outside London

Over half of £1m+ house purchases to take place outside London

More than half of £1m+ property purchases are set to take place outside Greater London this year for the first time on record, according to Private Finance research.

12 Jul 2017

Making suitable recommendations

Making suitable recommendations

The FCA has published its long awaited consultation on pension transfer advice. The key objective of the consultation is that advisers should make a personal recommendation whether or not to transfer instead of working to the FCA guidance that advisers should begin with the supposition that a transfer of a Defined Benefit pension to a Defined Contribution pension is unlikely to be in the customer’s interest.

11 Jul 2017

Use of equity release for home improvements up 10%

Use of equity release for home improvements up 10%

Home improvement has been the main reason people choose to withdraw the equity in their property since 2012 and this has increased by 10% over the period, according to research by the Saga Equity Release Advice Service.

11 Jul 2017

Keystone to increase broker proc fees by 0.10%

Keystone to increase broker proc fees by 0.10%

Keystone is increasing its broker procuration fee by 10 basis points on all Classic Range cases.

11 Jul 2017

Hinckley & Rugby mortgage applications top £100m in H1

Hinckley & Rugby mortgage applications top £100m in H1

Hinckley & Rugby Building Society received £103m of net mortgage applications in H1, ahead of a full year target of £200m.

11 Jul 2017

GoCompare invests in regulated robo-adviser MortgageGym

GoCompare invests in regulated robo-adviser MortgageGym

Regulated mortgage robo-adviser, MortgageGym, has announced an investment from GoCompare.

11 Jul 2017

Pre-election confidence drove May remortgage surge

Pre-election confidence drove May remortgage surge

Remortgaging volumes rose in May as borrowers anticipated a 100 seat majority in May’s snap election and a subsequent period of economic stability, according to LMS research.

11 Jul 2017

Housing supply falls in 81% of areas as sellers stick

Housing supply falls in 81% of areas as sellers stick

Last month’s General Election result has "scared off sellers", with new property listings dropping 1.9% in June compared to May, according to House Simple research.

11 Jul 2017

Secure Trust partners with Mortgage Intelligence

Secure Trust partners with Mortgage Intelligence

The mortgage division of Secure Trust Bank has been added to the Mortgage Intelligence and Next Intelligence lender panels.

11 Jul 2017

Kensington’s underwriter tips for contractor mortgage applications

Kensington’s underwriter tips for contractor mortgage applications

Between 2008 and 2016, the number of freelancers and contractors in the UK increased by 43%. In 2016 freelance workers (excluding finance and insurance activities) contributed an estimated £255bn in sales or approximately seven per cent of private sector turnover. With approximately 2 million freelancers in the UK (and 4.8m self-employed people overall,) more and more people are choosing to freelance over full-time employment.

10 Jul 2017

Mortgage products soar by over 5,000 in two years

Mortgage products soar by over 5,000 in two years

The number of available mortgage products has increased by 108% over the past two years, meaning an additional 5,172 products have been introduced into the UK mortgage market, according to Mortgage Brain research.

10 Jul 2017

62% of Women in Finance Charter firms now taking specific action

62% of Women in Finance Charter firms now taking specific action

Over two-thirds of finance firms believe that signing up to the Treasury’s Women in Finance Charter will lead to permanent and sustainable change in gender diversity at senior levels across the industry.

10 Jul 2017

Two-year mortgage rates fall to new record lows

Two-year mortgage rates fall to new record lows

The average two-year fixed rate and two-year variable rate have both fallen to new record lows, according to the latest Moneyfacts data.

10 Jul 2017

Brexit and increased risk appetite pose new challenges: PRA's Woods

Brexit and increased risk appetite pose new challenges: PRA's Woods

Sam Woods, the Deputy Governor for Prudential Regulation and CEO of the PRA, says the challenges posed by Brexit, an uptick in risk appetite and regulatory arbitrage mean we "are living through a vital moment in supervision".

10 Jul 2017

L&G updates intermediary case management system

L&G updates intermediary case management system

Legal & General has today announced new upgrades to its intermediary case management system, Online Protection Connect.

10 Jul 2017

Latest Money Careers

Popular this week

Specialist Lending Roadshow 2017

20th - 28th September

4 days
7 specialists
4 locations
Free to attend

Click here to register now