Latest News

Teachers BS widens HTB availability

Teachers BS widens HTB availability

Teachers Building Society has widened the availability of its Help to Buy mortgage - making it available for remortgage as well as home purchase.

21 May 2015

BSA elects new Deputy Chairman

BSA elects new Deputy Chairman

Dick Jenkins, Chief Executive of Bath Building Society, has been elected Deputy Chairman of the Building Societies Association.

21 May 2015

UK housing supply a "national disgrace"

In The Spotlight

UK housing supply a "national disgrace"

In a panel debate at yesterday’s Financial Services Expo Manchester, the lack of new housing coming to market was described as “a national disgrace” and deep concerns were voiced about the ability of the Government and housebuilders to meet the required targets for new housing over the next five years.

21 May 2015

FCA outlines MCD responsibilities for advisers

FCA outlines MCD responsibilities for advisers

The Financial Conduct Authority has outlined the wide range of potential issues and responsibilities mortgage advisers will need to prepare for in order to comply with the European Mortgage Credit Directive which will be introduced from the 21st March 2016.

21 May 2015

Are DAs getting the support they need?

Are DAs getting the support they need?

It’s the age old dilemma in the mortgage industry – become directly authorised or take the appointed representative route and join a network. Both, clearly, have their benefits.

21 May 2015

CML predicts mortgage "lending recovery"

CML predicts mortgage "lending recovery"

The Council of Mortgage Lenders' April estimate for total gross lending is £16 billion, 1% down on the previous month and 4% lower than the £16.7 billion of lending last April.

21 May 2015

Saffron launches transitional mortgage

Saffron launches transitional mortgage

Saffron For Intermediaries is offering mortgage prisoners the chance to remortgage under the terms of the FCA transitional rules, before the new European Mortgage Credit Directive brings an end to this opportunity in March 2016.

21 May 2015

Openwork to relinquish APFA membership

Openwork to relinquish APFA membership

Openwork has announced that it is relinquishing its membership of the Association of Professional Financial Advisers.

21 May 2015

Utilising technology to secure expertise

Utilising technology to secure expertise

In a perfect world we would all like to be experts in everything related to our business but, quite frankly, this is not achievable; in fact in the great scheme of thing it’s probably not desirable either.

21 May 2015

FCA fines Barclays record £284m

FCA fines Barclays record £284m

The Financial Conduct Authority has imposed a financial penalty of £284,432,000 on Barclays Bank for failing to control business practices in its foreign exchange business in London.

20 May 2015

 

Industry celebrates at #FRAwards Winners' Party

Industry celebrates at #FRAwards Winners' Party

Last night, over 200 industry professionals attended the spectacular Museum of Science and Industry in Manchester for the annual Financial Reporter Winners' Party.

20 May 2015

Advisers concerned over MCD commission disclosure

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Advisers concerned over MCD commission disclosure

Advisers at today’s Financial Services Expo Manchester expressed consternation at future requirements under the European Mortgage Credit Directive which will mean they may have to provide clients with details of all potential commission levels they could have received on all accessible and relevant products, not just the commission payable on the product applied for.

20 May 2015

Sinclair: mortgage market should expect more regulation

Sinclair: mortgage market should expect more regulation

The mortgage market should brace itself for more regulation over the coming years, particularly given the propensity for the Financial Conduct Authority employees to want to “make a name for themselves”.

20 May 2015

Advisers need to tell 'positive protection stories' on social media

Advisers need to tell 'positive protection stories' on social media

Advisers need to use all the technology and social media tools at their disposal in order to tell ‘positive protection stories’ which will help counter the traditional consumer objections to taking our protection products, said a leading light in the protection market.

20 May 2015

Aldermore announces savings product rate rises

Aldermore announces savings product rate rises

Aldermore is increasing the rates on two of its Fixed Rate Accounts.

20 May 2015

BoE discusses Bank Rate rise to 0.75%

BoE discusses Bank Rate rise to 0.75%

In the minutes of the latest Monetary Policy Committee meeting, the committee said that "based on information from OIS rates, an increase in Bank Rate to 0.75% was now fully priced in by May 2016, around one quarter earlier than at the time of the April MPC meeting".

20 May 2015

FCA bans and fines adviser £290,000

FCA bans and fines adviser £290,000

The Financial Conduct Authority has fined Paul Reynolds £290,344 and banned him from performing any function in relation to regulated activities on the basis that he is "not fit and proper because he lacks integrity".

20 May 2015

iZone Software launches secured loan processing system

iZone Software launches secured loan processing system

iZone Software, the newly launched software division of Brilliant Group, today announced the launch of the company’s latest software product, a fully compliant and sales driven secured loan advice and processing system developed specifically with the new and forthcoming FCA regulations in mind.

20 May 2015

Contractor Financials dispels self-employed mortgage myth

Contractor Financials dispels self-employed mortgage myth

Contractor Financials, which provides specialist independent financial advice to freelancers and contractors, has responded to research carried out by The Association of Independent Professionals and the Self-employed into mortgages and the self-employed to reassure the UK’s freelance and contracting workforce that they can access a mortgage.

20 May 2015

GE Money Home Lending launches 1.99% rate

GE Money Home Lending launches 1.99% rate

GE Money Home Lending has reduced its two-year discount rate by 0.95% to give new customers a starting rate of 1.99% as part of rate cuts across the entire range.

20 May 2015

Scottish house price inflation double UK average

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Scottish house price inflation double UK average

House prices in Scotland have risen 11.2% in the last twelve months – twice that seen in England & Wales (5.6%), according to the latest Your Move house price index.

20 May 2015

Saver confidence improves in Q1

Savings & Investments

Saver confidence improves in Q1

The latest Lloyds Bank Savings Report shows that people are feeling confident about their savings, with over two thirds of people surveyed having saved over the past 12 months.

20 May 2015

Financial Advice Network revamps proposition

Latest News

Financial Advice Network revamps proposition

Financial Advice Network Ltd, the only network owned by a mutual in the UK, has revamped its proposition in a bid to attract new IFAs, restricted advisers and mortgage and protection advisers.

19 May 2015

CML: remortgage lending up 19% month-on-month

CML: remortgage lending up 19% month-on-month

Remortgage lending increased month-on-month with 26,600 loans advanced - up 19% on February and 6% up on March 2014, according to the latest CML figures.

19 May 2015

CML: First-time buyer lending dips in Q1

CML: First-time buyer lending dips in Q1

The CML today released new data on the characteristics of UK lending in March and the first quarter of 2015 broken down by trends to first-time buyers, home movers, remortgaging and buy-to-let.

19 May 2015

CML: BTL lending sees 12% growth in March

CML: BTL lending sees 12% growth in March

According to the latest figures from the Council of Mortgage Lenders in March, there were 18,200 buy-to-let loans - up 12% on the previous month and up 21% on the same period in 2014. These loans came to £2.7bn in value, up 13% compared to February and 35% on March 2014.

19 May 2015

UK in deflation for first time since 1960

UK in deflation for first time since 1960

The Consumer Prices Index fell by 0.1% in the year to April 2015, compared to no change (0.0%) in the year to March 2015.

19 May 2015

ONS: Scottish house price inflation at 8 year high

ONS: Scottish house price inflation at 8 year high

House price annual inflation was 14.6% in Scotland - the highest annual increase in Scotland since July 2007, according to the latest ONS house price index.

19 May 2015

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Buy-to-Let Roadshow July 2017

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