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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

Remortgaging rebounds in July as FTB lending dips: UK Finance

Remortgaging rebounds in July as FTB lending dips: UK Finance

UK Finance data shows that on a seasonally adjusted basis, lending to first-time buyers and home movers declined in value in July. Conversely, value and number of people remortgaging increased, and there was a smaller increase in both the value and volume of buy-to-let lending.

12 Sep 2017

CPI inflation rises to 2.9%

CPI inflation rises to 2.9%

The Consumer Prices Index 12-month inflation rate rose to 2.9% in August, up from 2.6% in July, according to the latest ONS data.

12 Sep 2017

Does a focus on two-year deals deliver poor advice?

Does a focus on two-year deals deliver poor advice?

Mortgage and protection network JLM Mortgage Services believes that advisers who continue to focus on a two-year mortgage ‘churn’ deals are delivering ‘poor advice’ to their clients.

12 Sep 2017

Secure Trust Bank partners with SimplyBiz

Secure Trust Bank partners with SimplyBiz

Secure Trust Bank Mortgages has partnered with SimplyBiz Group to provide members of its mortgage club access to Secure Trust's full range.

12 Sep 2017

Skipton relaunches intermediary only three-year fixes

Skipton relaunches intermediary only three-year fixes

Skipton has relaunched its range of three-year fixed rate products, available to intermediaries only.

12 Sep 2017

New listings drop 13% in August

New listings drop 13% in August

The number of new property listings across the UK fell by 13.1% in August compared to July, according to online estate agents HouseSimple.

12 Sep 2017

Connect partners with criteria search system Knowledge Bank

Connect partners with criteria search system Knowledge Bank

Connect for Intermediaries is the first network and packager to partner with criteria search system Knowledge Bank.

12 Sep 2017

HSBC removes valuation fees

HSBC removes valuation fees

HSBC has scrapped all standard valuation fees for mortgage customers.

11 Sep 2017

Together grows loan book by 24% to £2.24bn

Together grows loan book by 24% to £2.24bn

Together's full year results for the year ended 30 June 2017 show loan book growth of 24.4% to £2.24bn, with originations averaging over £98.8m per month.

11 Sep 2017

 

Bluestone appoints Steve Seal as sales & distribution director

Bluestone appoints Steve Seal as sales & distribution director

Bluestone Mortgages has appointed Steve Seal to the newly created role of Director of Sales & Distribution.

11 Sep 2017

Specialist market a golden opportunity for advisers, says Complete FS

Specialist market a golden opportunity for advisers, says Complete FS

Although overall lending volumes are stagnant or down, "we need to look beyond the headlines and see how buoyant the rest of the lending market is”, according to Tony Salentino, Director at Complete FS.

11 Sep 2017

FSE is around the corner – a key question for brokers – should you diversify?

FSE is around the corner – a key question for brokers – should you diversify?

There has been an explosion of new lending products over the last few years. Basic ones, such as traditional bank loans, shouldn’t be disregarded, but it is clear that with invoice financing, secured and unsecured options all available on the market, there is a lot to manage. On top of this, each provider has slightly different conditions and requirements for their products.

11 Sep 2017

London mortgage prisoners face £9,400 annual interest payments

London mortgage prisoners face £9,400 annual interest payments

Mortgage prisoners trapped on their lender’s SVR in London are being hit with £9,364 in annual interest payments - more than a third of the average disposable income in the capital, according to Trussle research.

11 Sep 2017

Santander launches record low remortgage products

Santander launches record low remortgage products

Santander has cut rates on its fixed two and five-year fee-free remortgage products.

11 Sep 2017

Openwork to fund wealth adviser training for mortgage advisers

Openwork to fund wealth adviser training for mortgage advisers

Openwork has launched ‘Route to Wealth’, a new study programme which will support firms to upskill mortgage advisers to fully qualified wealth advisers.

11 Sep 2017

Sanlam UK appoints Head of Distribution

Sanlam UK appoints Head of Distribution

Sanlam UK has appointed John Pyburn as its new Head of UK Distribution.

11 Sep 2017

Family BS appoints BDM for Outer London

Family BS appoints BDM for Outer London

Family Building Society has appointed Roger Churaman as a Business Development Manager.

11 Sep 2017

First Direct halves fees across entire mortgage range

First Direct halves fees across entire mortgage range

First Direct has cut both the booking and arrangement fees across its entire mortgage range.

11 Sep 2017

Just Mortgages business up 45% after broker support launch

Just Mortgages business up 45% after broker support launch

Just Mortgages brokers who received a new level of support over a six month pilot period have written an average of 45% more business than they did without it.

11 Sep 2017

NIESR predicts Q1 rate rise as GDP grows by 0.4%

NIESR predicts Q1 rate rise as GDP grows by 0.4%

NIESR estimates GDP growth of 0.4% in the three months to August 2017 after growth of 0.2% in the three months to July.

08 Sep 2017

Scrapping free legals is a major step forward

Scrapping free legals is a major step forward

Sometimes full-scale change in the mortgage market can be a long time coming – just ask those who have been campaigning and calling for the payment of retention procuration fees for the past decade. In previous years changing one lender’s position on this was something of a monumental victory so to see it become almost akin to an industry ‘norm’ over the last six to 12 months is not just welcome but proof that when one moves it’s very difficult for others not to follow.

08 Sep 2017

In the Spotlight with James Prosser, Front Events

In the Spotlight with James Prosser, Front Events

We spoke to James Prosser, Director of Front Events, organisers of the Financial Services Expo shows, about next week's FSE London and the areas to watch in 2018.

08 Sep 2017

Pension pot withdrawals drop 8% as annuity sales plummet: FCA

Pension pot withdrawals drop 8% as annuity sales plummet: FCA

The FCA has recorded an 8% fall in the overall number of pension pots accessed between October 2016 and March 2017 compared to the previous six month period.

08 Sep 2017

L&G adds Brightstar to specialist distributor panel

L&G adds Brightstar to specialist distributor panel

Brightstar Financial has been appointed to Legal & General Mortgage Club’s specialist distributor panel as a packager.

08 Sep 2017

Hargreaves Lansdown to join Association of British Insurers

Hargreaves Lansdown to join Association of British Insurers

Hargreaves Lansdown has announced today that it is joining the Association of British Insurers.

08 Sep 2017

Welsh Financial Services Graduate Programme launches

Welsh Financial Services Graduate Programme launches

The Welsh Financial Services Graduate Programme has launched today, which will see 35 top graduates stay in or return to Wales to gain experience with top employers as well as a Master’s degree.

08 Sep 2017

Finance Bill confirms reduction of MPAA to £4,000

Finance Bill confirms reduction of MPAA to £4,000

The Government has published its second Finance Bill of 2017, which confirms the reduction of the Money Purchase Annual Allowance from £10,000 to £4,000.

08 Sep 2017

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