Latest News

Freedom Finance launches rate rise awareness campaign

Freedom Finance launches rate rise awareness campaign

Freedom Finance is urging UK families to review their finances after finding that an interest rate rise could add around £750 to the average annual mortgage bill.

14 Sep 2017

"Corrected" housing market is ripe for a new breed of boom

"Corrected" housing market is ripe for a new breed of boom

House prices. They’re consistently one of the biggest talking points in the UK and one of the areas that spark the most confusion. According to Paul Cheshire, professor of Economic Geography at the LSE, Britain is on the verge of a “significant correction in house prices” that could reduce values by up to 40% and plunge many new buyers into negative equity- a return to the ‘bad old days’ of the 1990s price crash. Meanwhile recent figures from the National Association of Estate Agents have revealed that more than three quarters of houses were sold for less than the asking price in May- a rise of 5% on equivalent sales for the previous month. What’s more, Nationwide reported in June that prices had fallen for the third month in a row- the first time such a consecutive fall had happened since the financial crisis. So, what is causing the house prices to stall (or worse) and what can brokers do to mitigate and prepare for such an eventuality?

14 Sep 2017

Winners of the inaugural National Mortgage Adviser Awards announced

Winners of the inaugural National Mortgage Adviser Awards announced

The winners of the inaugural National Mortgage Adviser Awards, in association with Mortgage Advice Bureau, were announced yesterday at FSE London.

14 Sep 2017

FCA refers pension consultants to CMA in landmark decison

FCA refers pension consultants to CMA in landmark decison

The FCA has recommended that the Competition and Markets Authority launch an investigation into investment consultanty services after raising "serious concerns" about whether trustees are getting good quality advice.

14 Sep 2017

Bank of England's MPC votes 7-2 to maintain Bank Rate

iStock_000009992808Large.jpg

Bank of England's MPC votes 7-2 to maintain Bank Rate

The Bank of England’s Monetary Policy Committee has voted by a majority of 7-2 to maintain Bank Rate at 0.25%.

14 Sep 2017

Kensington and New Street announce BTL portfolio changes

Kensington and New Street announce BTL portfolio changes

The Northview Group has today announced changes to its portfolio buy-to-let lending criteria for both Kensington and New Street Mortgages.

14 Sep 2017

Housing market shows 'increasingly mixed picture': RICS

Housing market shows 'increasingly mixed picture': RICS

There is an "increasingly mixed picture across the UK housing market", according to the latest RICS Residential Market Survey.

14 Sep 2017

More grandparents than parents helping first-time buyers

More grandparents than parents helping first-time buyers

More grandparents than parents are helping first-time buyers make their first move on to the housing ladder, Key Partnerships research shows.

14 Sep 2017

Bridging market returning to post-referendum levels

Bridging market returning to post-referendum levels

Annual bridging lending grew for the third consecutive quarter to reach £4.3bn in June - a 4.2% increase from June 2016’s figures and approaching 2016’s pre-EU Referendum high of £4.4bn, according to West One research.

14 Sep 2017

HMRC given new powers to combat pension scams

HMRC given new powers to combat pension scams

HMRC has been given new powers to refuse to register and to de-register pension schemes.

14 Sep 2017

 

FSE London: Intermediaries warned to ignore artificial intelligence at their peril

FSE London: Intermediaries warned to ignore artificial intelligence at their peril

The intermediary market has been urged to embrace the importance of data and artificial intelligence (AI), and to ignore technological advances at their peril.

13 Sep 2017

FSE London: Advisers wary over new FCA senior manager and certification regime

FSE London: Advisers wary over new FCA senior manager and certification regime

Advisers at today’s Financial Services Expo (FSE) London, the premier exhibition for the financial services industry in London & the South East, voiced concern to the FCA that its new ‘Accountability 2’ senior manager and certification regime could mean the end of individual approved persons featuring on the FCA register.

13 Sep 2017

FSE London: BTL market to be a 'car crash' after PRA changes

FSE London: BTL market to be a 'car crash' after PRA changes

The future of the buy-to-let market has been described as a ‘car crash’ once PRA underwriting changes have been implemented at the end of September.

13 Sep 2017

FSE London: FCA proposals welcomed by later life lending experts

FSE London: FCA proposals welcomed by later life lending experts

Later life lending experts, speaking at today’s Financial Services Expo (FSE) London exhibition, have welcomed FCA proposals to change the rules around interest-only lending to allow repayment to come from the sale of property as an exit route.

13 Sep 2017

FSE London: BTL market resilient but 'topped out'

FSE London: BTL market resilient but 'topped out'

According to David Whittaker of Mortgages for Business, figures for gross mortgage lending last year for the buy-to-let market are likely to be the top level we will see for some time.

13 Sep 2017

New data reveals glimmer of hope for FTBs

New data reveals glimmer of hope for FTBs

According to new data published by specialist bank, Aldermore, the outlook for first time buyers is slowly becoming more positive with 35% now believing that it is extremely difficult to get on the property ladder – down four percent from 39% in 2016.

13 Sep 2017

Magellan announce new Regional Sales Manager

Magellan announce new Regional Sales Manager

Specialist mortgage lender, Magellan Homeloans has announced that its support to intermediaries has been further strengthened with the appointment of Louise Apollonio as Regional Sales Manager for the North West region.

13 Sep 2017

Mortgage overpayments could affect 2.5 million

Mortgage overpayments could affect 2.5 million

New data and analysis of the UK mortgage market by Tesco Bank has found that up to 2.5 million UK home buyers may be over-paying on their mortgage as a result of slipping onto higher Standard Variable Rates (SVRs) at the end of their fixed rate period.

13 Sep 2017

Thistle Finance: New UK packager launches

Thistle Finance: New UK packager launches

Thiststle Finance announced its launch this morning promising to support brokers around the UK with a ‘grass-roots’ proposition and restoring the sector’s old fashioned values.

13 Sep 2017

Exclusive: Masthaven announce enhancements to short-term lending solutions

Exclusive: Masthaven announce enhancements to short-term lending solutions

Masthaven has announced today that, in response to increased demand from brokers, it is launching an extended suite of short-term lending solutions.

13 Sep 2017

TMW announce launch of new 2 and 5 year fixed remortgage products

TMW announce launch of new 2 and 5 year fixed remortgage products

The Mortgage Works has announced that as of today they will be providing two new fixed rate buy to let remortgage products, available for a limited period.

13 Sep 2017

Advisers 'riding a wave of opportunity in 2017': Aegon

Advisers 'riding a wave of opportunity in 2017': Aegon

Financial advisers "are riding a wave of opportunity in 2017", with three quarters expecting an increase in clients over the next 12 months, according to a report from Aegon.

13 Sep 2017

Equity release products triple since 2007

Equity release products triple since 2007

The number of product options offered by members of The Equity Release Council grew by 34% in the year to August 2017, taking the number of product options available to 78.

13 Sep 2017

Affordability gap doubles since financial crisis: YBS

shutterstock_7358431.jpg

Affordability gap doubles since financial crisis: YBS

The gap between the least and most affordable parts of Britain has almost doubled since the financial crisis, according to Yorkshire Building Society research.

13 Sep 2017

Mansfield BS simplifies ICR ahead of BTL changes

Mansfield BS simplifies ICR ahead of BTL changes

The Mansfield Building Society has implemented further changes to simplify the Interest Coverage Ratio it applies when assessing affordability, ahead of the PRA’s changes for underwriting buy-to-let portfolio landlords.

12 Sep 2017

Half of buy-to-let brokers don't understand upcoming PRA changes

Half of buy-to-let brokers don't understand upcoming PRA changes

Just 54% of brokers are comfortable that they fully understand what the upcoming PRA changes for portfolio landlords entail, and what they will mean for their business, according to research from Kent Reliance.

12 Sep 2017

Can client fact-finding become an effective time saver?

Can client fact-finding become an effective time saver?

There are not many mortgage and protection advisers who would challenge that client engagement isn’t a good thing. Engaged clients are more responsive, more likely recommend and more likely to purchase. Therefore, it makes sense to introduce this engagement as early in the process as possible, but can this be achieved in a such a way that is beneficial to both the client and adviser?

12 Sep 2017

High-LTV lending hits record high: BoE

High-LTV lending hits record high: BoE

The share of new lending in the highest LTI brackets has increased to its highest level for both single and joint incomes (10.8% and 33.4% respectively) since the Bank of England made its LTI flow limit recommendation in June 2014.

12 Sep 2017

Latest Money Careers

Popular this week

Buy-to-let
Roadshow 2017

15th - 23rd November

4 days
7 specialists
4 locations
Free to attend

Click here to register now