Latest News

Use of equity release to boost pension income doubles in Q1

Use of equity release to boost pension income doubles in Q1

Almost three quarters (70%) of equity release advisers expect the market to continue to grow over the next six months, despite retirees now having the option to drawdown some or all of their defined contribution pension pots.

01 May 2015

Halifax enhances FTB range

shutterstock_150801512.jpg

Halifax enhances FTB range

Halifax Intermediaries has launched a 1% cashback offer of up to £2,500 for first-time buyers across the product range, including Affordable Housing, New Build and Help to Buy products.

01 May 2015

Rob Jupp: You can’t know everything!

Rob Jupp: You can’t know everything!

Four years ago there were just over 1200 mortgage products available and, in the depths of the credit crunch as we were then, hardly any of them were specialist lending products.

01 May 2015

Stonebridge protection activity up 68%

Stonebridge protection activity up 68%

Stonebridge Group, the mortgage and insurance network, has today announced continued growth in protection activity and commission levels over the course of the last 12 months.

01 May 2015

BoE: mortgage approvals dip in March

BoE: mortgage approvals dip in March

The latest Bank of England Money and Credit statistics show that the number of approvals for house purchase has dipped slightly month-on-month.

01 May 2015

Advisers demand more equity release products

Advisers demand more equity release products

Nearly four fifths (77%) of advisers believe there should be more products launched to enable asset rich but cash poor clients to access property equity, according to research more 2 life.

01 May 2015

8 in 10 remortgagors switch lenders

8 in 10 remortgagors switch lenders

Eight in ten (82%) borrowers who remortgaged switched lenders to get a better deal, yet just 3% were incentivised by their existing lender to stay with them, according to research by LMS.

01 May 2015

Co-op launches UK's lowest ever 2 year fix at 1.09%

Co-op launches UK's lowest ever 2 year fix at 1.09%

The Co-operative Bank has today launched the UK's lowest ever 2 year fixed rate mortgage.

01 May 2015

FTB transactions at two-year low

FTB transactions at two-year low

The first quarter of 2015 has seen the lowest number of first-time buyers complete property transactions for two years, according to the latest First Time Buyer Tracker from Your Move and Reeds Rains.

01 May 2015

Barclays announces sub-2% 5 year fix

Barclays announces sub-2% 5 year fix

Barclays has reduced the fixed rates on the 2, 5 and 10 year fixed rates across its range, as well as introducing a highly attractive 5 year fixed rate at 1.99%.

01 May 2015

 

Saffron BS appoints Colin Field as CEO

Saffron BS appoints Colin Field as CEO

Saffron Building Society has announced the appointment of Colin Field as Chief Executive Officer designate.

30 Apr 2015

Coventry launches its lowest ever 5 year fix at 2.19%

Coventry launches its lowest ever 5 year fix at 2.19%

Coventry Intermediaries has cut rates on selected residential and buy to let products, launching its lowest ever 5 year fixed residential rate.

30 Apr 2015

Land Registry: March house prices drop 0.8%

shutterstock_69404605.jpg

Land Registry: March house prices drop 0.8%

The latest Land Registry house price index shows a monthly price decrease of 0.8%.

30 Apr 2015

Tesco Bank launches its first 95% LTV range

Tesco Bank launches its first 95% LTV range

Tesco Bank has launched its first range of 95% LTV mortgage products aimed at first time buyers.

30 Apr 2015

HTB repayments £180 cheaper than renting

young ftb couple with boxes

HTB repayments £180 cheaper than renting

First-time buyers who have used the Government’s Help to Buy mortgage guarantee scheme are spending £180 less per year on repaying their mortgage than if they were renting.

30 Apr 2015

Metro Bank reduces five year fixes

Metro Bank reduces five year fixes

From today, Metro Bank is reducing rates on its residential 5 year fixed rate mortgages.

30 Apr 2015

Pension providers see 'surge' in income drawdown

shutterstock_167623811.jpg

Pension providers see 'surge' in income drawdown

Following the new pension legislation coming into force, the impact of the reforms is already reshaping the income drawdown market.

30 Apr 2015

West Brom increases proc fees

West Brom increases proc fees

The West Brom for Intermediaries has increased its residential mortgage procuration fee payable to brokers.

30 Apr 2015

First Complete launches PMI panel

First Complete launches PMI panel

First Complete has launched a full panel of Private Medical Insurance providers in addition to its protection panel.

30 Apr 2015

Brightstar appoints specialist mortgage expert

Brightstar appoints specialist mortgage expert

Brightstar has appointed a new mortgage and buy-to-let specialist to provide advice and guidance to advisers faced with less usual mortgage cases.

30 Apr 2015

TSB to consider buying out smaller banks as profits double

TSB to consider buying out smaller banks as profits double

TSB CEO Paul Pester has revealed that the bank would consider buying some smaller British banks, the day after reporting a 153% increase in pre-tax profits.

30 Apr 2015

RBS announces £446m Q1 loss

RBS announces £446m Q1 loss

RBS have revealed a loss of £446 million for the first quarter of 2015, attributed to restructuring costs of £453 million and £856 million of litigation and conduct charges.

30 Apr 2015

Equity Release Council surpasses 400 members

Equity Release Council surpasses 400 members

Membership of the Equity Release Council has exceeded 400 in under three years since the trade body re-launched in May 2012, representing the industry in its entirety; providers, qualified financial advisers, surveyors, solicitors, intermediaries and other industry professionals. Since then, The Council’s membership has grown exponentially from 20 firms to 400 members today.

30 Apr 2015

FTBs account for 28% of Prime London sales

shutterstock_125020271.jpg

FTBs account for 28% of Prime London sales

First-time buyers are almost neck-and-neck with investors in the Prime London property market, according to estate agent Marsh & Parsons’ latest London Property Monitor.

30 Apr 2015

Nationwide launches lowest ever 2 and 5 year fixes

Nationwide launches lowest ever 2 and 5 year fixes

From tomorrow, Nationwide is making a series of rate reductions across its mortgage range, reducing selected fixed rate deals by up to 0.20%.

29 Apr 2015

Leeds triples intermediary team

Leeds triples intermediary team

Leeds Building Society is further strengthening its intermediary team to meet the growing demand for its mortgages from brokers and their clients.

29 Apr 2015

Saga blames "lazy lending" for mortgage age discrimination

Saga blames "lazy lending" for mortgage age discrimination

A recent Saga poll of more than 6,000 over 50s has shown has shown widespread concern about the behaviours of many mortgage lenders.

29 Apr 2015

Jerrold Holdings raises £100m for future expansion

Jerrold Holdings raises £100m for future expansion

Jerrold Holdings, the secured lender to the residential and commercial property sectors, has raised an additional £100 million in senior secured notes through a funding deal on the bond market.

29 Apr 2015

Our Next Event

Commercial Finance Roadshow May 2017

Commercial Finance Roadshow May 2017

Exeter - 23/05/2017

Southampton - 24/05/2017

Rainham - 25/05/2017

Milton Keynes - 26/05/2017

Register now

Latest Money Careers

Popular this week