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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

HMRC: residential transactions see month-on-month rise

HMRC: residential transactions see month-on-month rise

The number of residential property transactions increased by 0.8% between August and September, according to the latest Property Transaction Statistics from HMRC.

21 Oct 2015

Barclays cuts HTB rates and launches fee-free range

Barclays cuts HTB rates and launches fee-free range

Barclays Mortgages is launching new products that include up to £1,000 cash back for purchase only products with LTVs from 60 to 90%, and fee-free options at 75, 85 and 90% LTV.

21 Oct 2015

Equity Release Council: Government and regulators must do more

Equity Release Council: Government and regulators must do more

The Equity Release Council has outlined key recommendations for government to help equity release meet the challenges of an ageing society, calling on HM Treasury to take a lead on coordinating relevant policy to benefit consumers.

21 Oct 2015

Bank of England reveals approach to UK stress testing

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Bank of England reveals approach to UK stress testing

The Bank of England has today published its approach to stress testing the UK banking system for the next three years.

21 Oct 2015

Loan software provider continues to expand as demand grows

Loan software provider continues to expand as demand grows

Equiniti Pancredit, provider of credit sourcing and loan software for the lending and consumer finance industry, has today announced 14 new appointments following a 38% year-on-year revenue growth in 2014.

21 Oct 2015

P2PFA unveils new transparency standards

P2PFA unveils new transparency standards

The P2PFA has unveiled new operating principles for its members in a bid to strengthen standards of transparency, risk management and governance in the P2P lending sector and to ensure that members continue to set a benchmark of good practice across the market.

21 Oct 2015

Shawbrook removes 3% margin increase across STL range

Shawbrook removes 3% margin increase across STL range

Shawbrook Bank has today announced the removal of the 3% margin increase across its Short Term Loan product range.

21 Oct 2015

The Mansfield relaunches BTL intermediary range

The Mansfield relaunches BTL intermediary range

The Mansfield Building Society has relaunched its range of buy to let mortgages into the intermediary market.

21 Oct 2015

DB pensions raid will prompt a "significant increase of transfers from UK"

DB pensions raid will prompt a "significant increase of transfers from UK"

A major government raid on final salary pensions would trigger "a significant increase of pension transfers out of Britain", according to Nigel Green, founder and CEO of deVere Group.

20 Oct 2015

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