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Mortgage industry must "not discriminate on basis of age alone"

Mortgage industry must "not discriminate on basis of age alone"

The International Longevity Centre-UK has urged mortgage providers to better understand, and respond to, the increasing numbers of retirees taking loans into retirement.

11 Jun 2015

Barclays to include bonuses in affordability assessment

Barclays to include bonuses in affordability assessment

Following a review of its residential lending criteria, Barclays will now take the annual bonus income into mortgage affordability calculations for clients who meet the minimum basic income criteria.

11 Jun 2015

LV= to offer all customers flexi access drawdown

LV= to offer all customers flexi access drawdown

LV= has lifted the restrictions on its flexi access drawdown product.

11 Jun 2015

RICS: post-election housing supply falls to record low

RICS: post-election housing supply falls to record low

Hopes for a post-election supply increase have failed to materialise as vendor instructions fell for the fourth consecutive month and the average stock of houses per surveyor is down by around 12% since the start of 2015.

11 Jun 2015

Virgin enhances new build mortgage policy

Virgin enhances new build mortgage policy

Virgin Money has announced improvements to its new build mortgage policy, to bring additional flexibility for people who are looking to buy a new build property.

11 Jun 2015

A Waitrose between two thorns

A Waitrose between two thorns

So, after thirteen years I am in the process of moving house!

11 Jun 2015

Number of adviser clients set to increase

Number of adviser clients set to increase

Member firms of Nucleus, the adviser-built wrap, are positive about their commercial prospects over the next 12 months, with 100% of advisers being "confident" about the future of their firms and 62% anticipating they will see an increase in client numbers during 2015.

11 Jun 2015

Precise and Brightstar launch debt management plan mortgage

Precise and Brightstar launch debt management plan mortgage

Precise Mortgages has today launched a new exclusive debt management plan mortgage available through Brightstar and Precise Mortgages' Premier Packager Panel.

11 Jun 2015

Carney: bankers to be held directly accountable for failures

Carney: bankers to be held directly accountable for failures

In the annual Mansion House speech yesterday, Bank of England governor Mark Carney pledged that from next year, senior managers of banks and insurers will be held directly accountable for failures in their areas of responsibility.

11 Jun 2015

Pepper Homeloans launches mortgage range

Pepper Homeloans launches mortgage range

Pepper has formally launched its specialist range of mortgage products after a successful trial with Brightstar Financial, Residential Home Loans and Connect Mortgage Club.

11 Jun 2015

 

Government begins RBS sale

Government begins RBS sale

In his annual Mansion House speech, George Osborne announced that the government will begin to sell off its stake in the Royal Bank of Scotland.

11 Jun 2015

House prices hit record high in May

House prices hit record high in May

Average house prices in England and Wales hit a new high of £277,178 in May - the fourth price record set this year.

11 Jun 2015

NIESR announces 0.6% GDP growth

NIESR announces 0.6% GDP growth

NIESR's monthly estimates of GDP suggest that output grew by 0.6% in the three months ending in May after growth of 0.5% in the three months ending in April 2015.

10 Jun 2015

Osborne and Carney to revive National Debt committee

Osborne and Carney to revive National Debt committee

In his annual Mansion House speech later this evening, Chancellor George Osborne is expected to announce the revival of the Committee of the Commissioners for the Reduction of the National Debt.

10 Jun 2015

Barclays launches fee-free FTB and BTL range

Barclays launches fee-free FTB and BTL range

Barclays is launching a new range of fee-free products across all LTV tiers up to 90% to support first time buyers or those looking to take their next step on the property ladder.

10 Jun 2015

A third of advisers demand Whole of Life products

A third of advisers demand Whole of Life products

IHT and estate planning are driving an increased demand for Whole of Life insurance, according to LifeQuote, the protection portal and administration service from DirectLife.

10 Jun 2015

Brightstar unveils Easysource sourcing system

Brightstar unveils Easysource sourcing system

Brightstar today announced details of its new sourcing system for Intermediaries.

10 Jun 2015

Dudley BS targets larger loans

Dudley BS targets larger loans

Dudley Building Society has launched three new products through its panel of distributor packagers, including two aimed at clients looking for up to £1 million.

10 Jun 2015

Clydesdale and Yorkshire Banks launch fee free range

Clydesdale and Yorkshire Banks launch fee free range

Clydesdale and Yorkshire Banks have reduced rates on their fixed-rate mortgage range.

10 Jun 2015

Peers: pension reforms will make "PPI scandal look like a children's tea party"

Peers: pension reforms will make "PPI scandal look like a children's tea party"

Politicians have criticised firms for denying savers access to their pensions, with pensions minister Ros Altmann warning that they have "no excuse".

10 Jun 2015

Prestige simplifies Prime and Large Loan ranges

Prestige simplifies Prime and Large Loan ranges

Prestige Finance, part of OneSavings Bank plc, has today announced simplified Prime and Large Loan ranges, including reduced rates and fewer LTV bands.

10 Jun 2015

MAS to highlight FCA's debt management changes

MAS to highlight FCA's debt management changes

The Money Advice Service has partnered with StepChange to help people who may be affected by the FCA's changes to the debt-management sector.

10 Jun 2015

Fixed rate fees drop 17% in four months

Fixed rate fees drop 17% in four months

Average fees on best-buy fixed rate mortgages have fallen 17% since November last year, but fees on variable rates remain virtually unchanged.

10 Jun 2015

PFCA calls for greater scrutiny of FOS cases

PFCA calls for greater scrutiny of FOS cases

The Professional Financial Claims Association has called for greater scrutiny of cases referred to the Financial Service Ombudsman.

09 Jun 2015

LV= launches broker webchat

Blogs

LV= launches broker webchat

LV= has announced that it will use Vizolution’s vChat, a web chat capability for LV= employees speaking to brokers remotely via its broker portal.

09 Jun 2015

Investec expands mortgage team

Investec expands mortgage team

Investec, the private bank and wealth manager, has strengthened its mortgage team with three appointments.

09 Jun 2015

Ex-equity release boss banned by FCA

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Ex-equity release boss banned by FCA

The Financial Conduct Authority has today banned ex-equity release director Kevin Allen from performing any function related to any regulated activity.

09 Jun 2015

HSBC to rename following global split

HSBC to rename following global split

HSBC's Chief Executive has today announced that the bank will rename its UK retail arm after it has separated from its global operations.

09 Jun 2015

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