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Wealth available through equity release tops £350bn

Wealth available through equity release tops £350bn

The continued strength of the UK housing market in Q2 2015 has pushed the potential wealth available to over 55s through equity release over £350bn - a 4.5% quarterly increase according to research from Retirement Advantage.

23 Oct 2015

In the Spotlight with Tim Kirby, Quint Group

In the Spotlight with Tim Kirby, Quint Group

We spoke to Tim Kirby, Group Sales Director at Quint, about the firm's recent FCA approval and how the market will change over the next 12 months.

23 Oct 2015

FCA fines Sale and Rent Back company for regulatory failures

FCA fines Sale and Rent Back company for regulatory failures

The FCA has imposed a financial penalty of £26,600 on Sale and Rent Back firm Quick Purchase for not ensuring that its transactions were affordable and appropriate for its consumers.

23 Oct 2015

Only a third predict rate rise in next six months

Only a third predict rate rise in next six months

UK households were less likely to predict an interest rate rise before the end of the year during October, according to the latest Markit Household Finance Index.

23 Oct 2015

"I didn't know it could do that"

"I didn't know it could do that"

When it comes to technology, how often have you said this when it comes to the tech you use, the software you have installed, the apps that you download, and all other kinds of gadgets that you might have around the home or office?

23 Oct 2015

Can the post-election house price surge be sustained?

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Can the post-election house price surge be sustained?

There are signs that the underlying rate of house price growth has peaked, as thirteen of the twenty cities tracked by the Hometrack Cities Index have registered a slower rate of growth post-election.

23 Oct 2015

Homeowners anticipate 7.2% price rise

Homeowners anticipate 7.2% price rise

92% of homeowners are anticipating prices in their area to rise within the next six months - a steady increase from a year ago when only 88% were confident, according to the latest Zoopla Housing Market Sentiment Survey.

23 Oct 2015

Lender panel says 2016 will be 'positive' for buy to let

Lender panel says 2016 will be 'positive' for buy to let

Speaking at the Buy to Let Club Event in Manchester this week, a number of industry experts discussed various issues facing the buy to let industry.

23 Oct 2015

FCA: post freedom annuity sales down 90%

FCA: post freedom annuity sales down 90%

Sales of annuities to pensioners have fallen by almost 90% since the Chancellor gave retirees the freedom to choose how to spend or invest their pension pots, according to the FCA's acting Chief Executive Tracey McDermott.

23 Oct 2015

Bridging lending up 27% as borrowers capitalise on low rates

Bridging lending up 27% as borrowers capitalise on low rates

Annual gross bridging lending increased by 27% in the twelve months to the end of August, according to the latest West One Loans Bridging Index.

23 Oct 2015

 

FCA Chief: intensity and volume of regulation is unsustainable

FCA Chief: intensity and volume of regulation is unsustainable

Tracey McDermott, Acting Chief Executive at the FCA, has admitted that "the intensity and volume of regulatory activity over recent years is not sustainable - for regulators or for the industry".

23 Oct 2015

Mind the gap: how equity release can help fill the savings void between men and women

Mind the gap: how equity release can help fill the savings void between men and women

Every person approaching retirement deserves to be confident about their post-work life, but, in reality, vast numbers of people feel that their finances are not in a suitable position.

22 Oct 2015

FCA to remove "ineffective" communication rules

FCA to remove "ineffective" communication rules

The Financial Conduct Authority has announced plans to remove a number of ineffective communication requirements from its handbook.

22 Oct 2015

Osborne: BoE mortgage powers extended to BTL

Osborne: BoE mortgage powers extended to BTL

George Osborne has confirmed that he will extend the Bank of England and the Financial Policy Committee's powers on mortgages to the buy-to-let market.

22 Oct 2015

AA: home insurance premiums "artificially low"

AA: home insurance premiums "artificially low"

Home insurance premiums continue to fall despite industry concern that claims costs will soon exceed premium income, according to the AA.

22 Oct 2015

Over half of millennials seek guaranteed pension income

Over half of millennials seek guaranteed pension income

10% of people are more likely to seek a guaranteed income than they were in the immediate aftermath of the introduction of pension freedoms in April, according to data from eValue.

22 Oct 2015

Majority of interest-only homeowners face repayment struggle

Majority of interest-only homeowners face repayment struggle

Almost three-quarters of homeowners with interest-only mortgages are worried they may not be able to repay their loan, according to research by Ocean Finance.

22 Oct 2015

InterBay launches fixed rate BTL range

InterBay launches fixed rate BTL range

InterBay Commercial, part of the OneSavings Bank Group, has announced the launch of its new fixed rate mortgage range for buy-to-let lending.

22 Oct 2015

CML: mortgage lending sees "sharp improvement" in Q3

CML: mortgage lending sees "sharp improvement" in Q3

The Council of Mortgage Lenders estimates that gross mortgage lending reached £20 billion in September - 2% higher than August's lending total of £19.7 billion.

22 Oct 2015

Intrinsic implements IRESS XPLAN

Intrinsic implements IRESS XPLAN

IRESS is partnering with Intrinsic in a move that will see IRESS' XPLAN technology implemented through a phased rollout, across the 3,300 strong nationwide adviser network.

22 Oct 2015

Carney: EU membership has boosted UK economy

Carney: EU membership has boosted UK economy

Since joining the EU, greater openness and deeper integration afforded by EU membership has "very likely increased the UK's dynamism", according to Mark Carney.

22 Oct 2015

Just Mortgages launches client servicing division

Just Mortgages launches client servicing division

Just Mortgages has launched its new client servicing division in a bid to drive performance and deliver an improved service for its customers.

22 Oct 2015

CMA: banks not under enough competitive pressure

CMA: banks not under enough competitive pressure

Banks are not put under enough competitive pressure, and new products and new banks do not attract customers quickly enough, according to the CMA's retail banking market investigation.

22 Oct 2015

FCA to remove regulatory "barriers to innovation"

FCA to remove regulatory "barriers to innovation"

The FCA are currently assessing the feasibility of a 'regulatory sandbox' - a space that would allow innovators to experiment with new ideas and real customers at an early stage, without the burden of excessive regulation, but with the informed consent of consumers and proper risk management.

21 Oct 2015

TSB and Skipton cut residential rates

TSB and Skipton cut residential rates

TSB and Skipton Building Society have both announced rate cuts across their residential mortgage ranges.

21 Oct 2015

Specialist lender launches pilot range with L&G and Tenet

Specialist lender launches pilot range with L&G and Tenet

Bluestone Mortgages has today announced its launch in the UK, offering a specialist product range exclusively through Legal & General Mortgage Club and Tenet Group ahead of a full market launch in the coming months.

21 Oct 2015

Advisers who ignore sunset clause "could see profits halved"

Advisers who ignore sunset clause "could see profits halved"

Nucleus has warned that advisory firms could see their profits dip by more than half unless they urgently put in place an action plan to address the implications of the sunset clause.

21 Oct 2015

British Money to exit PPI sector after FCA 'discrimination'

British Money to exit PPI sector after FCA 'discrimination'

British Money director, Simon Burgess, is withdrawing from the PPI sector in response to what he says is the FCA's continued determination to discriminate against the product and expose providers to further compensation claims.

21 Oct 2015

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