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Retirees shun excess spending post-freedoms

Retirees shun excess spending post-freedoms

Almost two thirds (63%) of people approaching retirement have no plans to change their spending plans following the new pension freedoms.

20 Jul 2015

The changing face of inheritance

The changing face of inheritance

The rise in the inheritance tax threshold announced in the first true blue Budget in nearly 20 years was hardly a surprise. The Tories set out the plan during their election campaign and the Chancellor proclaimed that it was a 'promise made, promise delivered'.

20 Jul 2015

Lloyds offers remortgagors 'one month free'

Mortgages

Lloyds offers remortgagors 'one month free'

Lloyds Bank has announced a new offer for remortgage customers, refunding a standard monthly mortgage payment in December.

20 Jul 2015

House prices hit new record high as shortage intensifies

House prices hit new record high as shortage intensifies

The price of property coming to market has hit a new record high for the second consecutive month, albeit only a small 0.1% (+£191) increase on the month before, according to analysis from Rightmove.

20 Jul 2015

Northern sellers fuel 7.1% rise in new listings

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Northern sellers fuel 7.1% rise in new listings

The number of UK homeowners putting their properties on the market has increased by 7.1% in the past month, and more than two thirds (67%) of major towns and cities in the UK have seen a rise in the number of new properties being marketed, according to HouseSimple.com.

20 Jul 2015

Omni Equity invests in Brightstar

Omni Equity invests in Brightstar

Omni Equity has bought a minority stake in Brightstar.

20 Jul 2015

Over half need mortgage help in first year

Mortgages

Over half need mortgage help in first year

In the first year after buying a property, more than half of new homeowners (56%) said they would appreciate some breathing space on mortgage payments to help make their new house into a home, according to research from TSB.

18 Jul 2015

Savers face 'retirement shortfall of thousands'

Savers face 'retirement shortfall of thousands'

The typical working over-45 year old faces a £8,955 annual retirement income gap based on their current savings and investments - leaving them to rely heavily on a state pension that will still leave them short, the latest Aviva Real Retirement Report shows.

18 Jul 2015

In the Spotlight with Matt Powell, Lending Works

In the Spotlight with Matt Powell, Lending Works

We spoke to Matt Powell, CFO of Lending works, about the increasing popularity of peer-to-peer lending and his preditions for the future of the industry.

17 Jul 2015

Protection: the start of a digital growth story

Protection: the start of a digital growth story

Here's a challenge: explain what digital means to anyone under the age of 30.

17 Jul 2015

 

Martin Wheatley to leave FCA

Martin Wheatley to leave FCA

The FCA's Martin Wheatley is to stand down as Chief Executive with effect from September 12 2015 after Chancellor George Osborne said that "different leadership is required".

17 Jul 2015

UTB launches technology finance offering

UTB launches technology finance offering

United Trust Bank has appointed Ken Archbold to support the launch of a new technology finance offering.

17 Jul 2015

Teachers BS extends HTB support

Teachers BS extends HTB support

Teachers Building Society has extended its support of affordable home ownership to the Help to Buy Wales scheme, offering mortgages for purchase and remortgage on a fixed and variable basis.

17 Jul 2015

Rate rise 'may not affect most borrowers'

Rate rise 'may not affect most borrowers'

Simon Tyler of Tyler Mortgage Management has said that even when the base rate increases, rates may not rise for all borrowers.

17 Jul 2015

Dragonfly completions pass £1.5bn after record H1

Dragonfly completions pass £1.5bn after record H1

Short- and medium-term lender, Dragonfly Property Finance, has announced its biggest H1 to date as total completions pass £1.5bn.

17 Jul 2015

Coventry launches 2.99% 90% LTV range

Coventry launches 2.99% 90% LTV range

Coventry for intermediaries has enhanced its 90% LTV Residential product range, including both reduced rates and new products, with rates starting from 2.99%.

17 Jul 2015

Mortgage industry and Treasury discuss further reforms

Mortgage industry and Treasury discuss further reforms

Key figures from the mortgage industry met with Economic Secretary to the Treasury, Harriett Baldwin, to discuss how the market can deliver for people at every stage of their life, from the Help to Buy ISA to supporting lending to older people.

17 Jul 2015

Carney: rate rise likely at "turn of this year"

Carney: rate rise likely at "turn of this year"

During a speech yesterday, Bank of England governor Mark Carney said that an interest rate rise "will likely come into sharper relief around the turn of this year".

17 Jul 2015

MPs launch pension advice inquiry

MPs launch pension advice inquiry

The Work and Pensions Committee have launched an inquiry into guidance on pension flexibility changes, arguing that advice is key to avoiding another mis-selling crisis.

16 Jul 2015

TSB cuts high-LTV rates

TSB cuts high-LTV rates

TSB has announced it is cutting rates by up to 0.21% across a range of fixed term mortgages between 85 and 95% LTV.

16 Jul 2015

Leeds and Paradigm launch Part and Part exclusive

Leeds and Paradigm launch Part and Part exclusive

Paradigm Mortgage Services has announced the launch of an exclusive Part and Part interest only product from Leeds Building Society.

16 Jul 2015

FSCS: GI and SIPP claims soar

FSCS: GI and SIPP claims soar

The Financial Services Compensation Scheme paid out £327m in compensation to consumers in 2014/15, according to its latest Annual Report and Accounts.

16 Jul 2015

Blemain streamlines broker portal

Blemain streamlines broker portal

Blemain Group has further developed its broker portal, My Broker Venue.

16 Jul 2015

Brightstar appoints new BDM

Brightstar appoints new BDM

Brightstar has appointed a new business development manager to look after mortgage brokers in the London area due to a rapid growth of demand in the region.

16 Jul 2015

House price confidence slips in June

House price confidence slips in June

House price confidence hit its highest level in four years following the General Election in May, but dropped back in June, according to the Halifax Housing Market Confidence Tracker.

16 Jul 2015

CML: gross lending up 29% in June

CML: gross lending up 29% in June

Gross mortgage lending in June showed a "significant rise" compared to the previous month, according to the CML.

16 Jul 2015

Brokers expect 'remortgaging surge'

Brokers expect 'remortgaging surge'

Brokers are forecasting an increase in remortgaging over the next 12 months as their clients aim to cut costs following rate reductions, according to the Nottingham Building Society.

16 Jul 2015

European Banking Authority outlines 2016 stress test

European Banking Authority outlines 2016 stress test

The European Banking Authority has released key details of its 2016 EU-wide stress test.

15 Jul 2015

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