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Rate rises would see 52% of borrowers struggle

Rate rises would see 52% of borrowers struggle

Over half (52%) of borrowers say they will struggle or fall behind with mortgage repayments when interest rates rise, according to new research published by the Building Societies Association.

24 Sep 2015

UK insurance industry pays out 'more than ever before'

UK insurance industry pays out 'more than ever before'

UK insurers paid out the equivalent of £77m in insurance claims every day, statistics from the Association of British Insurers' 'Key Facts 2015' show.

24 Sep 2015

Over-55s change retirement attitudes to supplement pensions

Over-55s change retirement attitudes to supplement pensions

More than a third (34%) of over 55s plan to continue working past what would previously have been considered their “retirement” age of 65, new figures from Scottish Widows think tank the Centre for the Modern Family have revealed.

24 Sep 2015

Housing supply swindles in August

Housing supply swindles in August

The number of properties available to buy per estate agent branch fell to an eleven year low this month, according to the National Association of Estate Agents' August Housing Market Report.

24 Sep 2015

Y3S obtains full FCA authorisation

Y3S obtains full FCA authorisation

Second charge packager Y3S Loans has today received formal notification of authorisation from the Financial Conduct Authority.

23 Sep 2015

Marsden raises max buy to let LTV to 80%

Marsden raises max buy to let LTV to 80%

Marsden Building Society has extended its range of Buy-to-Let mortgages available to their semi-exclusive partners and in line with broker demand has raised its maximum LTV to 80%.

23 Sep 2015

L&G Home Finance hire to lead product innovation

L&G Home Finance hire to lead product innovation

Legal & General Home Finance has appointed Chris Buchanan as Head of Product and Proposition, Retirement Lending.

23 Sep 2015

Saffron launches low-cost remortgage range

Saffron launches low-cost remortgage range

Saffron For Intermediaries, the dedicated broker channel of Saffron Building Society, has launched a range of low-cost remortgage products.

23 Sep 2015

Kensington announces interest only mortgage to 75% LTV

Kensington announces interest only mortgage to 75% LTV

Kensington has today announced the introduction of an interest only mortgage, available up to 75% LTV, for ustomers who earn £75,000 or more, when accompanied with evidence that a realistic and plausible repayment strategy is in place.

23 Sep 2015

71% of brokers 'not ready' for MCD regulation

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71% of brokers 'not ready' for MCD regulation

Clever Lending, the secured loans master broker, has conducted a telephone survey that highlights the lack of awareness and readiness for the incoming regulatory changes in March 2016.

23 Sep 2015

 

65-74 year olds drive equity release uptake

65-74 year olds drive equity release uptake

Homeowners aged 65-74 were the driving force behind the growing popularity of equity release products in the first half of 2015: accounting for a record share of new plans, according to the Autumn 2015 edition of the Equity Release Market Report.

23 Sep 2015

Flat price rise continues to outstrip other properties

Flat price rise continues to outstrip other properties

The average price of a flat in the UK has risen by £87,550 (£730 per month) over the past decade, from £145,874 in 2005 to £233,424 today, according to latest research from Halifax.

23 Sep 2015

Product innovation driving equity release market success

Product innovation driving equity release market success

Responding to the Equity Release Council’s Autumn 2015 market report, Retirement Advantage have pointed to product innovation as a source of the market’s continued success.

23 Sep 2015

Just 5% of women 'on track for retirement they would like'

Just 5% of women 'on track for retirement they would like'

Aegon UK has released researched today showing that women are overwhelmingly behind when it comes to achieving the retirement they would like.

22 Sep 2015

Access 4 Finance launches new commission policy

Access 4 Finance launches new commission policy

Second charge master broker Access 4 Finance have today launched their new website and a new commission policy.

22 Sep 2015

FCA fines director £350,000 over disclosure failings

FCA fines director £350,000 over disclosure failings

The FCA has today published a Final Notice for Keydata’s former finance director, Craig McNeil, fining him £350,000

22 Sep 2015

FCA appoints new Chief Operating Officer

FCA appoints new Chief Operating Officer

The Financial Conduct Authority’s Acting Chief Executive Tracey McDermott today announced the final appointment to the FCA’s Executive Committee with Georgina Philippou becoming the new Chief Operating Officer.

22 Sep 2015

First Complete beats seasonal lending dip

First Complete beats seasonal lending dip

First Complete increased its mortgage completions by 66% and its life sales by 69% in August compared to the same month last year.

22 Sep 2015

CML reports 16% drop in outstanding interest-only loans

CML reports 16% drop in outstanding interest-only loans

Over the past two years, the total number of interest-only loans outstanding has fallen by over a quarter, according to the Council of Mortgage Lenders - with a 16% reduction in the number of loans over the past year alone.

22 Sep 2015

Nationwide sets out 'minimal impact' MCD plans

Nationwide sets out 'minimal impact' MCD plans

Nationwide is setting out its approach to new rules to be implemented under the Mortgage Credit Directive – and believes that it will have minimal impact on its lending activity.

22 Sep 2015

Paradigm announce launch of second MCD implementation update

Paradigm announce launch of second MCD implementation update

Paradigm Mortgage Services has announced today that it has launched its second Mortgage Credit Directive (MCD) implementation update for advisory firms.

22 Sep 2015

SMP back new apprenticeship scheme for mortgage advisers

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SMP back new apprenticeship scheme for mortgage advisers

The Society of Mortgage Professionals have played a major role in helping to facilitate an innovative new scheme to establish a mortgage adviser apprenticeship programme.

22 Sep 2015

Zurich drops takeover of RSA Insurance

Zurich drops takeover of RSA Insurance

Zurich has dropped takeover talks with RSA Insurance, it revealed this morning.

22 Sep 2015

Mortgage rules leave two thirds in the dark

Mortgage rules leave two thirds in the dark

New research by Ocean Finance has found that the new mortgage rules, which were introduced last year, have left two-thirds of potential house buyers in the dark.

21 Sep 2015

Trigold founder launches LenderGateway software

Trigold founder launches LenderGateway software

APAC Systems has launched LenderGateway, a ground-breaking piece of mortgage technology, combining mortgage sourcing with a credit search, client management and case processing tool in one pioneering piece of MCD-ready software.

21 Sep 2015

Crystal launches multi-product sourcing system

Crystal launches multi-product sourcing system

Crystal Specialist Finance has launched eSource as its combined mortgage, secured loan and bridging online sourcing system for brokers, and urged intermediaries to adopt digital technology to maximise point-of-sale business.

21 Sep 2015

Safe & Secure launches broker app

Safe & Secure launches broker app

GI broker Safe & Secure has launched a new app to help brokers give clients an idea of price before submitting a lead.

21 Sep 2015

Shawbrook partners with TMA on second charge academies

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Shawbrook partners with TMA on second charge academies

Today sees the launch of a series of Shawbrook Academies in partnership with TMA, designed specifically for mortgage advisers across the UK to give them a more thorough understanding of the second charge market and how it’s changing following the implementation of the Mortgage Credit Directive in 2016.

21 Sep 2015

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