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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

iStock_000009992808Large.jpg

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

Average earners in the south face 100-year wait to save deposit

Average earners in the south face 100-year wait to save deposit

Average wage earners could be looking at saving for more than 100 years to afford an average priced property where they live.

20 Oct 2015

Half of brokers still not utilising social media

Half of brokers still not utilising social media

Two thirds of brokers regularly use social media but only 56% use it for business purposes, suggesting that many are wary of using social media or feel that it doesn't offer any benefit to their business.

20 Oct 2015

Hinckley & Rugby launches high-LTV lifetime discount range

Hinckley & Rugby launches high-LTV lifetime discount range

Hinckley & Rugby Building Society has launched two new lifetime discount mortgages at 90 and 95% LTV.

20 Oct 2015

Aldermore launches lowest ever five-year BTL rate

Aldermore launches lowest ever five-year BTL rate

Aldermore has today released a new limited edition buy-to let remortgage product, the Bank's lowest ever five-year fixed rate.

20 Oct 2015

Remortgagors seeking intermediary help drops 13%

Remortgagors seeking intermediary help drops 13%

There has been a 5% monthly fall in the number of remortgagors consulting intermediaries, from 38% in July and August to 33% in September, according to findings from LMS.

20 Oct 2015

Coventry BS enhances residential and BTL ranges

Coventry BS enhances residential and BTL ranges

Coventry for intermediaries has enhanced its five-year fixed residential and buy to let ranges with new products starting at 2.34%.

20 Oct 2015

FHL to launch limited company BTL range

FHL to launch limited company BTL range

3mc, the Cheshire based national packager and mortgage club, has announced that it is trialling Foundation Home Loans' new limited company product, ahead of a formal launch in November.

20 Oct 2015

Brightstar launches Development Finance Division

Brightstar launches Development Finance Division

Brightstar has launched a new division to deal with the growing demand for development finance, aiming to help brokers with specialist support for all of their developer clients.

20 Oct 2015

L&G: holistic view of retirement advice is needed

Retirement

L&G: holistic view of retirement advice is needed

Legal & General Home Finance has today warned that the lack of holistic distribution expertise covering pensions, retirement income planning and equity release may hamper the future development of the at- and in-retirement markets.

19 Oct 2015

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