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Royal London: millions of mortgage-holders financially vulnerable

Royal London: millions of mortgage-holders financially vulnerable

New research from Royal London highlights that 52% of UK mortgage-holders who earn an income don’t have a plan in place to cover repayments if they fall too ill to earn for three months or more – equating to more than 5.2m people.

30 Jan 2015

Pure Retirement reduces drawdown rates

Pure Retirement reduces drawdown rates

Equity release provider Pure Retirement has today reduced the interest rate on the ‘Pure Drawdown Plan’, one of the two flagship products launched when it entered the equity release market a year ago.

30 Jan 2015

Young people's debts almost double within a year

Young people's debts almost double within a year

Consumers now owe a total of £196 billion collectively, increasing by 41% from last year, whilst those aged 18 to 34 have seen their debts almost double in the same period.

30 Jan 2015

Fleet Mortgages completes on first loan

Fleet Mortgages completes on first loan

Fleet Mortgages, the new buy-to-let and specialist lender, has today revealed it has completed on its first loan.

29 Jan 2015

Openwork adds TSB and Bank of Ireland to Mortgage Panel

Openwork adds TSB and Bank of Ireland to Mortgage Panel

Openwork has refreshed its mortgage panel for 2015 following a major re-tendering exercise.

29 Jan 2015

DeVere CEO: pension reforms "alarmingly chaotic"

DeVere CEO: pension reforms "alarmingly chaotic"

The introduction of the new pension freedoms have been slammed by the the CEO of DeVere Group as “alarmingly chaotic” as he raises concerns about the implementation of the Freedom & Choice agenda announced in George Osborne’s 2014 Budget.

29 Jan 2015

FCA: £1.8bn paid out in interest rate swap redress

FCA: £1.8bn paid out in interest rate swap redress

The latest FCA update on the interest rate hedging product misselling scheme reveals that 11,000 consumers have now received redress payments of £1.8billion, including more than £365 million to cover consequential losses.

29 Jan 2015

Brokers 'needed more than ever', says Montlake

Brokers 'needed more than ever', says Montlake

Speaking at the first Financial Reporter Networking Breakfast, Coreco's Andrew Montlake this morning spoke of his 'optimism' for the mortgage market in 2015.

29 Jan 2015

Standard Life launches DFM adviser support

Standard Life launches DFM adviser support

Standard Life today announces the launch of Discretionary Plus, created specifically to support advisers facing the challenge of the changing retirement market and having to manage the portfolios of large numbers of clients requiring regular income withdrawals.

29 Jan 2015

Land Registry: annual house prices up 7%

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Land Registry: annual house prices up 7%

The latest Land Registry House Price Index shows an annual house price increase of 7.0%, bringing the average house price in England and Wales to £177,766.

29 Jan 2015

 

1 in 8 spend over half of earnings on housing costs

1 in 8 spend over half of earnings on housing costs

1 in 8 (12%) UK adults who pay rent or mortgage are spending 50% or more of their take-home income on their housing costs.

29 Jan 2015

Masthaven appoints Neil Molyneux as Head of Sales & Marketing

Masthaven appoints Neil Molyneux as Head of Sales & Marketing

Masthaven Finance has created the post of Head of Sales & Marketing, appointing Neil Molyneux from within the company to take on the role.

29 Jan 2015

House price growth continues to slow

House price growth continues to slow

The latest Nationwide House Price Index shows that annual house price growth continued to moderate at the start of 2015, slowing to 6.8% in January from 7.2% in December.

29 Jan 2015

Clydesdale increases proc fees

Clydesdale increases proc fees

Clydesdale Bank has announced that it is to increase the procuration fees it pays to brokers introducing new mortgage business.

28 Jan 2015

Affordability issues continue for FTBs

Affordability issues continue for FTBs

Experian analysis, which compared average household income with average property value across the country, found that 37% of UK households cannot afford to buy a property.

28 Jan 2015

L&G Mortgage Club launch online TV channel

L&G Mortgage Club launch online TV channel

Legal & General Mortgage Club has today announced the launch of its new online TV channel, Mortgage Club TV, designed to keep members up to date with the latest news from the Mortgage Club.

28 Jan 2015

Only 5% of schemes to allow pensioners 'lump sum' access

Only 5% of schemes to allow pensioners 'lump sum' access

Over half (58%) of occupational pension schemes are still undecided about whether they will enable their members to do so, with 15% saying they will offer no new flexibilities, according to research by pension consultancy Xafinity.

28 Jan 2015

Stamp Duty reforms push December enquiries to 10-year high

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Stamp Duty reforms push December enquiries to 10-year high

Stamp duty reforms announced at the start of December helped to boost the middle market and encourage prospective home buyers, according to the latest National Association of Estate Agents Housing Market Report.

28 Jan 2015

A sustainable approach to equity release

A sustainable approach to equity release

Equity release lending totalled £365.7m in Q4 2014, making it a record-breaking year for the industry, with total lending reaching almost £1.4bn.

28 Jan 2015

ABI: home insurance premiums down 6%

ABI: home insurance premiums down 6%

The cost of home insurance has fallen over the last year according to the Association of British Insurers' latest Average Quarterly Household Premium Tracker.

28 Jan 2015

Building Society launches ‘remote control’ mortgage system

Building Society launches ‘remote control’ mortgage system

Leek United Building Society has announced the launch of a new system which aims to give the Society total ‘remote control’ over its entire mortgage application process.

28 Jan 2015

V Loans plans 2015 expansion

V Loans plans 2015 expansion

V Loans, the specialist secured lending arm of KR Group, is strengthening its team as it moves offices to provide capacity for further growth.

28 Jan 2015

One in four remortgage to pay off debts

One in four remortgage to pay off debts

24% of homeowners remortgaging an existing property in December increased the size of their loan by more than £1,000 to free up capital to pay off other debts or spend elsewhere, according to research from LMS.

28 Jan 2015

Govt: retirees don't need advice for DB exchanges

Govt: retirees don't need advice for DB exchanges

More people approaching retirement with small defined benefit pensions will be allowed to exchange them for a defined contribution pension pot without having to take authorised financial advice, following an announcement yesterday.

28 Jan 2015

One in five will retire in debt

One in five will retire in debt

Almost one in five (19%) of those planning to retire this year will retire with debts averaging £21,800, according to research from Prudential.

28 Jan 2015

YBS launches 4.49% FTB fix

YBS launches 4.49% FTB fix

Yorkshire Building Society is launching a two-year 4.49% fixed rate mortgage for borrowers with a 5% deposit today.

28 Jan 2015

Retirement Adviser Directory opens for registration

Retirement Adviser Directory opens for registration

The Money Advice Service's retirement adviser directory has opened for adviser registration as of today.

27 Jan 2015

Dragonfly appoints credit manager

Dragonfly appoints credit manager

London-based short and medium-term lender, Dragonfly Property Finance, today announced it has hired Cattrina Wigley as Credit Manager.

27 Jan 2015

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