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FSE Glasgow 2015 - Richard Deacon, Masthaven

FSE Glasgow 2015 - Richard Deacon, Masthaven

We spoke to Masthaven's Richard Deacon at the recent Financial Services Expo Glasgow about the bridging and secured lending markets, and his predictions for 2015.

16 Mar 2015

Stonehaven launches fixed ERCs

Stonehaven launches fixed ERCs

Equity release specialists Stonehaven are today launching a new product range which offers customers total control over any early repayment charges across the entire duration of their lifetime mortgage.

16 Mar 2015

Over 90% of life policies subject to IHT

Over 90% of life policies subject to IHT

Legal & General has today warned advisers to consider putting their client’s life insurance policies into trust in order to mitigate inheritance tax liabilities for loved ones left behind after their death.

16 Mar 2015

Average asking prices near record high

Average asking prices near record high

Average new seller asking prices are just £30 below the all-time high of £281,782 set in June 2014, as high demand reduces the impact of tighter lending controls introduced in the April 2014 Mortgage Market Review.

16 Mar 2015

Lending Works launches auto income tool

Lending Works launches auto income tool

Peer-to-peer lender Lending Works has announced the launch of an Auto Income tool that allows lenders to draw down a regular income over the course of their lending term.

16 Mar 2015

Fleet adds Paradigm to panel

Fleet adds Paradigm to panel

Fleet Mortgages, the new buy-to-let and specialist lender, has today added Paradigm Mortgage Services to its distribution panel.

16 Mar 2015

Bellpenny acquires IFA with £40m FUM

Bellpenny acquires IFA with £40m FUM

National wealth manager Bellpenny announced today that it has acquired Farnham-based IFA Legal & Professional Services Limited.

16 Mar 2015

TBMC launches new BTL exclusives

TBMC launches new BTL exclusives

TBMC has launched two new buy-to-let fixed rate mortgages with Mortgage Trust - a 3% fixed rate with a 2.50% completion fee, and a 3.25% fixed rate with a £2495 completion.

16 Mar 2015

Dudley BS launches self employed range

Dudley BS launches self employed range

The Dudley Building Society has launched a range of three year self employed specific mortgage deals aiming to tackle the growing number of self employed borrowers currently being neglected by the larger lending community.

16 Mar 2015

Younger borrowers turn to equity release post-MMR

Younger borrowers turn to equity release post-MMR

Younger borrowers are turning to lifetime mortgages in the wake of the Mortgage Market Review and the upcoming pension reforms, according to the Spring 2015 edition of the Equity Release Market Report.

16 Mar 2015

 

One in three retirees still unaware of pension changes

One in three retirees still unaware of pension changes

Almost one in three people (32%) intending to retire this year are unaware of the changes to pension rules taking effect from 6 April, according to new research by Prudential.

16 Mar 2015

1.4m face inadequate retirement income

1.4m face inadequate retirement income

A new report has revealed that even if all those approaching retirement were to annuitise, over half (1.1 million people) will not be able to secure an adequate income unless they use non-pension assets or receive additional benefits on top of the State Pension.

16 Mar 2015

One in three struggle to move up the housing ladder

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One in three struggle to move up the housing ladder

Many homeowners are not progressing up the housing ladder as quickly as they had hoped, with one in three homeowners (33%) and almost half (44%) of first time buyers saying they expected to be further along than they are now.

16 Mar 2015

BM Solutions reduces further advance rates by 0.9%

BM Solutions reduces further advance rates by 0.9%

BM Solutions has reduced the rates across its two year fixed Buy to Let and Let to Buy further advance products by 0.9%.

13 Mar 2015

FCA fines and bans former Financial Group director

FCA fines and bans former Financial Group director

The Financial Conduct Authority has fined former compliance director Stephen Bell £33,800 for systemic weaknesses in the design and execution of network Financial Group’s compliance systems and controls.

13 Mar 2015

Treasury concerned over 'unfair' FCA redress scheme

Treasury concerned over 'unfair' FCA redress scheme

The Government has expressed concern over "the fairness of the scheme set up by the FCA to provide redress to small businesses that have been mis-sold interest rate hedging products".

13 Mar 2015

Friends Life launches Global Treatment option

Friends Life launches Global Treatment option

Friends Life has announced the launch of Global Treatment - the first protection option of its kind in the UK - which gives customers access to medical experts and treatments around the world.

13 Mar 2015

Aldermore begins trading on LSE's main market

Aldermore begins trading on LSE's main market

Shares in Aldermore Group PLC were today admitted to trading on the London Stock Exchange’s main market after the Company’s successful completion of its Initial Public Offering.

13 Mar 2015

Heading towards the MCD - an opportunity for lenders to review their approach

Heading towards the MCD - an opportunity for lenders to review their approach

There are only 12 months to go before the EU Mortgage Credit Directive comes into force. Lenders still waiting on the FCA’s final rules before making any changes risk being left chasing the pack, according to Vertex Financial Services’ CEO, Chris Thompson.

13 Mar 2015

Scottish Friendly calls for pension withdrawal warnings

Scottish Friendly calls for pension withdrawal warnings

Scottish Friendly has called for the issue of formal ‘think again’ warnings to be issued to customers wishing to cash in all or part of their pension when the new pension freedoms take effect next month.

13 Mar 2015

Halifax and Lloyds cut further advance rates by 1%

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Halifax and Lloyds cut further advance rates by 1%

Halifax and Lloyds Bank have reduced the rates across their two-year fixed further advance products by 1%.

13 Mar 2015

House prices £34,000 above pre-crisis high

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House prices £34,000 above pre-crisis high

At £273,528, house prices are now £34,192 higher than at height of the housing boom in February 2008, according to the latest report from LSL.

13 Mar 2015

February housing market sees "surge in activity"

February housing market sees "surge in activity"

February saw the housing market revive with valuations increasing across all sectors, according to the latest research from Connells Survey and Valuation.

13 Mar 2015

Omega to join HLP’s panel

Omega to join HLP’s panel

HomeLoan Partnership have added Omega Secured Loans to their panel, cementing further the established relationship with Omega that already exists through their Commercial Mortgage offering.

12 Mar 2015

Kevin Paterson: Young people need brokers too - insuring Generation Rent

Kevin Paterson: Young people need brokers too - insuring Generation Rent

Data from the latest English Housing Survey shows a pretty even split across homes that are owned outright, those that are mortgaged and those that are rented. Of the 22.6 million households in England, just over a third (36.7 percent) are rented while just under a third are either mortgaged (30.6 percent) or owned outright (32.7 percent).

12 Mar 2015

Quantum completes £1.2m loan

Quantum completes £1.2m loan

Quantum by Bridgebank Capital has completed a £1.2 million short term loan advance, secured against a residential investment property, to provide funding for repayment of an existing loan facility at a material beneficial discount to the borrower.

12 Mar 2015

Standard Life to offer full pensions flexibility

Standard Life to offer full pensions flexibility

Standard Life has confirmed it is ready to give customers full access to the new pensions flexibility and choice which go live in April - backed by support to enable them to understand their options, online and over the phone.

12 Mar 2015

Precise completes fourth securitisation

Precise completes fourth securitisation

Specialist lender Precise Mortgages completed its fourth public securitisation earlier this week bringing total issuance since December 2013 to over £800 million.

12 Mar 2015

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