Latest News

CML: falling rates trigger cut in government mortgage support

CML: falling rates trigger cut in government mortgage support

Steadily declining mortgage rates are about to trigger the first reduction in five years in the amount paid by the government to help borrowers in financial difficulty cover the cost of their mortgage interest payments.

17 Jun 2015

Masthaven completes £11.1m regulated bridge in 5 days

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Masthaven completes £11.1m regulated bridge in 5 days

Specialist lender Masthaven Finance has announced the completion of an £11.1million regulated bridging loan for a client of Positive Lending in just five days.

17 Jun 2015

MPC: global rate rises could have "international spillovers"

MPC: global rate rises could have "international spillovers"

The MPC have warned that the monetary policies of other countries could have "international spillovers" which affect the UK.

17 Jun 2015

£173m of life cover lost annually as a third cancel policies

£173m of life cover lost annually as a third cancel policies

Almost a third (28%) of UK adults who purchase Over 50s life insurance cancel their policy.

17 Jun 2015

TMA to host DA conferences

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TMA to host DA conferences

TMA has announced a series of business conferences for directly authorised advisers.

17 Jun 2015

Royal London calls for 'cost-effective' pension regime

Royal London calls for 'cost-effective' pension regime

The Chief Executive of Royal London has reiterated his call for an advice regime that enables consumers to make informed decisions when accessing their pension funds.

17 Jun 2015

Pensioners earn £900 a month in property wealth

Pensioners earn £900 a month in property wealth

Retired homeowners have seen their property wealth grow by more than £12.5 billion in the past three months as house prices continue to climb, earning the average pensioner nearly £900 a month.

17 Jun 2015

Twenty7Tec launches secured and bridging sourcing system

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Twenty7Tec launches secured and bridging sourcing system

Twenty7Tec has announced the launch of its combined mortgage, secured and bridging loan sourcing system.

16 Jun 2015

L&G and Intrinsic announce new protection partnership

L&G and Intrinsic announce new protection partnership

Legal & General has today announced it has extended its partnership with the Intrinsic Financial Adviser Network, allowing Intrinsic’s restricted advisers to access Legal & General protection products.

16 Jun 2015

Stonebridge announces Shepherd Direct investment

Stonebridge announces Shepherd Direct investment

Stonebridge Group has announced that Shepherd Direct, a national property services group, has acquired a minority stake in Stonebridge.

16 Jun 2015

 

UKAR reduces balance sheet by further £8.8bn

UKAR reduces balance sheet by further £8.8bn

UK Asset Resolution, the organisation managing Northern Rock and Bradford and Bingley's assets, has reduced its balance sheet by a further £8.8bn.

16 Jun 2015

Virgin Money launches new remortgage range

Virgin Money launches new remortgage range

Virgin Money has reduced selected rates on its residential and buy-to-let mortgage range.

16 Jun 2015

FCA fines firms a record £1.47 billion in 2014

FCA fines firms a record £1.47 billion in 2014

The Financial Conduct Authority penalised firms a total of £1.47bn in 2014, an annual increase of 68%.

16 Jun 2015

ONS: house price growth slows across the UK

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ONS: house price growth slows across the UK

UK house prices increased by 5.5% in the year to April 2015, down from 9.6% in the year to March 2015, according to ONS' latest house price index.

16 Jun 2015

Inflation rises to 0.1%

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Inflation rises to 0.1%

The Consumer Prices Index rose by 0.1% in the year to May 2015, compared with a 0.1% fall in the year to April.

16 Jun 2015

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

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