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November mortgage lending at seven-year high

November mortgage lending at seven-year high

Gross mortgage borrowing reached £12.8 billion in November - 28% higher than a year ago and the highest monthly total for seven years, according to the latest BBA lending figures.

24 Dec 2015

New Year, New You

New Year, New You

With 2015 coming to a close before it feels like it has even begun, many people will be looking to next year to make a telling career move. Behind getting fit or embarking on the ever evolving detox, making a positive move in working life may be the most popular New Year's resolution.

24 Dec 2015

What challenges will affect IFAs in 2016?

What challenges will affect IFAs in 2016?

Clapton Consultants, the consultancy for accountants and IFAs, has revealed the top five challenges that are likely to affect advisers in the year ahead.

24 Dec 2015

AMI urges BTL sector to work together in light of FPC powers

AMI urges BTL sector to work together in light of FPC powers

The AMI's Quarterly Economic Bulletin for Q4 2015 has been released, detailing some of the issues facing the UK mortgage market as we come to the close of 2015.

23 Dec 2015

GDP growth slower than expected in Q3: ONS

GDP growth slower than expected in Q3: ONS

The Office for National Statistics has today released its Q3 Economic Well-being bulletin showing that GDP grew by just 0.4% in the the third quarter, down from a previous estimate of 0.5%.

23 Dec 2015

L&G completes £230m bulk annuity deal

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L&G completes £230m bulk annuity deal

Legal & General has announced that it has completed the UK's largest medically underwritten bulk annuity deal with a UK defined benefit pension scheme.

23 Dec 2015

Mortgage Brain events see record broker attendance

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Mortgage Brain events see record broker attendance

The 2015 series of Mortgage Vision events, held during October and November, saw a 23 per cent uplift in broker attendance setting a new record in overall attendance in the event’s six year history.

23 Dec 2015

Remortgage equity withdrawn hits record level

Remortgage equity withdrawn hits record level

The average amount of equity withdrawn from remortgaging has hit a new record of £36,894 per customer in November, an increase of 4% from the previous high of £35,590 recorded in August this year, according to the latest research from LMS.

23 Dec 2015

Mortgage market continues to disappoint: Equifax

Mortgage market continues to disappoint: Equifax

Equifax Touchstone analysis of the intermediary marketplace shows mortgage sales continue to disappoint for the second consecutive month. Residential and buy-to-let mortgage sales have fallen by 8.4% last month from October, a value decrease of £1.3bn.

22 Dec 2015

Aviva insures £300m of pension liabilities

Aviva insures £300m of pension liabilities

Aviva has secured a buyout arrangement with the TKM Group Pension Scheme, sponsored by Inchcape plc, covering £300 million of pension liabilities.

22 Dec 2015

 

Leeds launches cashback range for its BTL borrowers

Leeds launches cashback range for its BTL borrowers

A new range of mortgages with cashback has been launched for existing buy-to-let borrowers with Leeds Building Society.

22 Dec 2015

HMRC: Resi transactions decline month-on-month

HMRC: Resi transactions decline month-on-month

The number of residential property transactions decreased by 5.7% between October and November, according to the latest Property Transaction Statistics from HMRC.

22 Dec 2015

AIG Life joins UnderwriteMe service

AIG Life joins UnderwriteMe service

AIG Life have confirmed that they will be joining the UnderwriteMe comparison service in 2016.

22 Dec 2015

TISA calls for cross-organisation guidance framework

TISA calls for cross-organisation guidance framework

TISA, the financial services membership association, has called for the creation of a guidance framework that supports low and middle income households in enhancing their short, medium and long-term financial wellbeing.

22 Dec 2015

Special adviser leaves ifs after ten years

Special adviser leaves ifs after ten years

Phil Hall, Special Adviser to the ifs for ten years has confirmed he has left the organisation.

22 Dec 2015

Y3S acquires two new offices in growth plans

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Y3S acquires two new offices in growth plans

Cardiff-based specialist mortgage and loan packager Y3S has agreed terms and received keys for an additional 5,000 square feet of office space.

22 Dec 2015

Step One receives full FCA authorisation

Step One receives full FCA authorisation

Step One Finance has received full authorisation from the Financial Conduct Authority for its lending and consumer credit activities.

21 Dec 2015

Leeds CEO announced as new CML Chairman

Leeds CEO announced as new CML Chairman

The Council of Mortgage Lenders has appointed Peter Hill, Chief Executive of Leeds Building Society, as CML Chairman for 2016.

21 Dec 2015

Aldermore reveals MCD approach

Aldermore reveals MCD approach

Aldermore has today published a new leaflet outlining its preparations ahead of the implementation of the European Mortgage Credit Directive on the 21st March 2016.

21 Dec 2015

Royal London: firms should review auto-enrolment provider

Royal London: firms should review auto-enrolment provider

Phil Loney, CEO of Royal London, has written to Pensions Minister Baroness Ros Altmann, calling on her to introduce a new duty on employers to undertake a periodic review of their workplace pension provider.

21 Dec 2015

Brokers in the balance

Brokers in the balance

In what remains a male-dominated industry, we thought we could see more women at our Awards Ceremony than in previous years, and wondered whether perhaps this was representative of the industry as a whole. So we went to our database and ran a quick count on female members.

21 Dec 2015

CML urges FCA to consider targeted deregulation

CML urges FCA to consider targeted deregulation

Responding to the FCA's call for inputs on competition in the mortgage market, the Council of Mortgage Lenders has urged the regulator to consider whether the many recent layers of newly imposed regulation might in some ways be hindering competition, and whether some targeted deregulatory adjustments might potentially help the competitive landscape.

21 Dec 2015

Annual bridging lending reaches £3.2bn

Annual bridging lending reaches £3.2bn

The volume of annual gross bridging lending comfortably outflanks the amount of housing budget allocated by the Chancellor in the Autumn Statement, according to the latest West One Loans Bridging Index.

21 Dec 2015

Norton sees registration rise following Tenet partnership

Norton sees registration rise following Tenet partnership

In June 2015, the Norton Group renewed its contract with financial adviser network Tenet Group and joined their panel of approved master brokers.

21 Dec 2015

London fringes forecasted to see strongest growth in 2016

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London fringes forecasted to see strongest growth in 2016

Tooting and Queen's Park are the places to watch in 2016, according to Marsh & Parsons, as property price growth in outer prime areas of the capital are forecasted to eclipse the centre.

21 Dec 2015

86% of IFAs call for clearer advice definitions

86% of IFAs call for clearer advice definitions

Aegon has welcomed the collaboration between HMT and FCA in the Financial Advice Market Review saying it is a "timely opportunity to explore how best to align the regulation of various advice models with broader Government policy".

21 Dec 2015

House price growth hits double figures in H2

House price growth hits double figures in H2

City level house price inflation has accelerated in the second half of 2015 to 10.1% due to scarcity and rising demand, according to the latest Hometrack house price index.

21 Dec 2015

Savers doubtful of 2016 rate rise

Savers doubtful of 2016 rate rise

More than two fifths (41%) of Britons believe the Bank of England's base rate is likely to remain at 0.5% by the end of 2016, whereas one-third (33%) are more positive and expect to see the rate increase.

21 Dec 2015

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