Latest News

CML: monthly house purchase lending down 10%

CML: monthly house purchase lending down 10%

New data released from the CML shows that gross lending in April was £15.8bn, down from £16.1bn in March and £16.8bn in April last year.

16 Jun 2015

Equity release advisers urged to look at broader role

Equity release advisers urged to look at broader role

Bridgewater Equity Release is urging specialist equity release advisers to broaden their offering in order to fulfil the increasing need for fuller later life advice.

16 Jun 2015

Half of FTBs will need a mortgage lasting into retirement

Half of FTBs will need a mortgage lasting into retirement

Around half of 25-34 year olds say they may need a mortgage that lasts into retirement, a BSA survey has revealed.

16 Jun 2015

Shawbrook offers broker guidance on FCA permissions

Shawbrook offers broker guidance on FCA permissions

Shawbrook Bank's Commercial Mortgages division has released its own set of guidelines around FCA permissions to support brokers following the transfer of responsibility for regulation of consumer credit business from the OFT to the FCA.

16 Jun 2015

Rise in mortgage approvals helps homemovers 'trade up'

Rise in mortgage approvals helps homemovers 'trade up'

Homeowners are continuing to trade up when moving, with nearly half (45%) moving to a more expensive home after securing the additional funds they need against a mortgage (61% up from 58% in March/April last year), reflecting a rise in the number of mortgage approvals.

16 Jun 2015

Leeds BS increases proc fees

Leeds BS increases proc fees

Leeds Building Society is increasing procuration fees for directly authorised intermediaries with immediate effect.

15 Jun 2015

Will pension reliefs take a hit in the July Budget?

Will pension reliefs take a hit in the July Budget?

Law firm Boodle Hatfield has warned that CGT and tax relief on pensions contributions for higher earners could be in the spotlight on the July 8 Budget.

15 Jun 2015

Accord reduces 90% LTV rates

Accord reduces 90% LTV rates

Accord is reducing its mortgages for customers with a 10% deposit by up to 0.25%.

15 Jun 2015

Winners' Party celebrations unveiled in #FRAwards gallery

Winners' Party celebrations unveiled in #FRAwards gallery

The photographs from the 2015 Financial Reporter Winners' Party have been unveiled today.

15 Jun 2015

Tesco Bank cuts FTB rates

Tesco Bank cuts FTB rates

Tesco Bank is cutting rates on its 95% LTV mortgage products.

15 Jun 2015

 

Public overestimate cost of life insurance by almost 400%

Public overestimate cost of life insurance by almost 400%

On average, people think £100,000 of life cover would cost £50.98 per month; almost five times more than the average premium of £10.31.

15 Jun 2015

Only 13% would cash in 50% of their pension pot

Only 13% would cash in 50% of their pension pot

The average person over 40 intends to take 27% of their pension pot in cash - only marginally higher than the tax free allowance.

15 Jun 2015

Front Events announces Financial Services Race Day

Front Events announces Financial Services Race Day

Front Events, the company responsible for the Financial Services Expo, has today announced details of its second annual Financial Services Race Day which aims to bring the entire industry together for a day of networking, promotion and racing.

15 Jun 2015

TSB cuts shared ownership rates

TSB cuts shared ownership rates

TSB has cut mortgage on its two year fee free shared ownership/equity mortgages by up to 0.65%.

15 Jun 2015

June house prices see post-election surge

June house prices see post-election surge

The price of property coming to market has rebounded to an all-time high as political certainty leads to the biggest ever rise in June, up 3.0% (£8,460) to £294,351.

15 Jun 2015

FTBs leave over £1.5bn worth of property at risk

FTBs leave over £1.5bn worth of property at risk

Almost half (47%) of first time buyers don't budget for home insurance when stepping onto the property ladder.

13 Jun 2015

In the Spotlight with Julie Gregory, Norton Broker Services

In the Spotlight with Julie Gregory, Norton Broker Services

We spoke to Julie Gregory, Compliance Director at Norton Broker Services, about the effect of the MCD on the second charge market, and Norton's revamped broker website.

12 Jun 2015

FSE Manchester 2015 - Stuart Wilson, more2life

FSE Manchester 2015 - Stuart Wilson, more2life

At May's FSE Manchester, Stuart Wilson of more2life shared his thoughts on the regulation of the equity release market and the changing perceptions of the over-50s lending market.

12 Jun 2015

FSE Manchester 2015 - Rob Jupp, Brightstar Financial

FSE Manchester 2015 - Rob Jupp, Brightstar Financial

Rob Jupp, CEO of Brightstar Financial, took the time to chat to us at FSE Manchester, sharing his thoughts on making specialist lending easier, growing adviser numbers, and rolling with the changes in the industry.

12 Jun 2015

FSE Manchester 2015 - Maeve Ward, Shawbrook Bank

FSE Manchester 2015 - Maeve Ward, Shawbrook Bank

We were delighted to speak to Maeve Ward of Shawbrook Bank at FSE Manchester recently - she spoke to us about the positives of challenger banks, the importance of brokers focusing outside of their core business, and the benefits of education in the industry.

12 Jun 2015

FSE Manchester 2015 - John Coffield, Paradigm Mortgages

FSE Manchester 2015 - John Coffield, Paradigm Mortgages

John Coffield of Paradigm Mortgages chatted to us at the recent FSE Manchester about the positives of face-to-face interaction in the industry, how innovation is shaping business, and how regulation won't dampen the market thanks to entrepreneurial brokers.

12 Jun 2015

FSE Manchester 2015 - Kevin Tunnicliffe, SortRefer

FSE Manchester 2015 - Kevin Tunnicliffe, SortRefer

We got to grips with pension reforms, areas to watch in 2015, and how the industry will cope with a shortage of conveyancing staff in our recent interview with Kevin Tunnicliffe of SortRefer at FSE Manchester 2015.

12 Jun 2015

FSE Manchester 2015 - Roger Morris, Precise Mortgages

FSE Manchester 2015 - Roger Morris, Precise Mortgages

When we caught up with Roger Morris at the recent FSE Manchester, we discussed whether the challenges facing brokers in the run-up to the Mortgage Credit Directive could actually be opportunities and the need for brokers to understand the second charge market.

12 Jun 2015

FSE Manchester 2015 - Sam Kirtikar, Clever Lending

FSE Manchester 2015 - Sam Kirtikar, Clever Lending

Sam Kirtikar of Clever Lending took the time to chat to us in our TV studio at the recent Financial Services Expo Manchester. He discussed the consequences of new lenders entering the market, and the benefits of increasing the time spent increasing first-hand interaction between lenders and brokers.

12 Jun 2015

Industry condems comparison sites for misleading rates

Industry condems comparison sites for misleading rates

Following news that thousands of savers who use comparison websites to select a savings account are being misled, industry experts are urging comparison websites to adopt 'soft search' technology.

12 Jun 2015

MPC: inflation will reach 1.5% within a year

MPC: inflation will reach 1.5% within a year

MPC member Ian McCafferty has said that "by this time next year, we expect inflation to have returned to around 1.5%, and by the end of 2016, to around 1.7%".

12 Jun 2015

New pensions law firm launches

New pensions law firm launches

A specialist firm focusing on the pensions law market has opened to clients.

12 Jun 2015

Self-select websites voted biggest threat to advisers

Self-select websites voted biggest threat to advisers

Self-select websites and direct investment platforms are regarded as the biggest threats to financial advisers, according to an Intelliflo poll.

12 Jun 2015

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