Latest News

House price to earnings ratio hits record high

House price to earnings ratio hits record high

The disparity between average earnings and house prices is reaching record levels in certain parts of the country, according to the latest Hometrack UK Cities Index.

25 Nov 2016

Demand for equity release qualifications up by a quarter

Demand for equity release qualifications up by a quarter

The London Institute of Banking & Finance says registrations for its Certificate in Equity Release qualification have increased by more than a quarter over the past year.

25 Nov 2016

Housing shortfall to rise by over 300,000 by 2020: Aldermore

Housing shortfall to rise by over 300,000 by 2020: Aldermore

If current building levels are maintained, the UK’s housing shortfall will rise by a further 318,632 homes by 2020, according to Aldermore analysis.

25 Nov 2016

The twofold problem for first-time buyers

The twofold problem for first-time buyers

The question of how we solve the home ownership ‘crisis’ in this country has generated significant thought and thousands of column inches over the years, and yet we are still at a point where a report into the decline of home ownership is a) still necessary and b) garners plenty of media and industry reaction.

25 Nov 2016

Let’s raise the bar for the lifetime mortgages sector

Let’s raise the bar for the lifetime mortgages sector

November sees the Equity Release Council celebrate its 25th anniversary. It has bought about high standards and professionalism to the lifetime mortgages sector whilst helping to grow the sector. As we look to the future with aims to triple market share, the question to be asked going forwards is ‘how do we take these standards to the next level?’

25 Nov 2016

New investment platform for advisers launches

New investment platform for advisers launches

Financial services technology provider, EValue, has joined forces with fintech firm, Moola, to create a new investment platform for advisers.

25 Nov 2016

Borrowers expect Brexit to spark better mortgage deals

Borrowers expect Brexit to spark better mortgage deals

Almost half (43%) of borrowers believe that market uncertainty following the UK's decision to leave the European Union will enable them to negotiate a better mortgage deal, according to Freedom Finance research.

25 Nov 2016

Half of employees would last just two weeks on Statutory Sick Pay

Half of employees would last just two weeks on Statutory Sick Pay

76% of employees believe they would last less than a month before having to make cutbacks on essentials if their salary was replaced with Statutory Sick Pay, according to Legal & General research.

25 Nov 2016

Prestige appoints Senior BDM

Prestige appoints Senior BDM

Prestige Finance, part of OneSavings Bank, has appointed Gareth Broome as Senior Business Development Manager as part of its ongoing plan to strengthen relationships with broker partners and intermediaries across the UK.

25 Nov 2016

Selectapension offers Black Friday adviser discount

Selectapension offers Black Friday adviser discount

Selectapension, the pensions and investment software provider, will be offering advisers up to £100 off all new subscriptions today as part of a Black Friday sale.

25 Nov 2016

 

Buy-to-let rates see quarterly fall of up to 4%

Buy-to-let rates see quarterly fall of up to 4%

The cost of most mainstream buy-to-let mortgages have seen further reductions over the past three months.

24 Nov 2016

Regulation not to blame for rigid underwriting, says Fluent

Regulation not to blame for rigid underwriting, says Fluent

Advisers should not accept lenders blaming regulation for the increasing numbers of mortgage cases that fall through at the underwriting stage, according to Fluent for Advisers’ COO, Tim Wheeldon.

24 Nov 2016

Housing starts at eight-year high: DCLG

Housing starts at eight-year high: DCLG

The latest house building figures from DCLG show housing starts are at their highest level in more than 8 years.

24 Nov 2016

Age Partnership's introducer scheme sees 88% growth

Age Partnership's introducer scheme sees 88% growth

Since the re-launch of Age Partnership’s Introducer scheme at the beginning of the year, it has seen 88% growth in the number of equity release referrals.

24 Nov 2016

Elevate to remain standalone platform, Standard Life confirms

Elevate to remain standalone platform, Standard Life confirms

Following adviser feedback, Standard Life has confirmed that Elevate will continue as a distinct platform proposition.

24 Nov 2016

Govt to close specialist pension schemes for overseas workers

Govt to close specialist pension schemes for overseas workers

The government has announced that it is closing specialist pension schemes, known as 'section 615 schemes', to new savings for those employed abroad.

24 Nov 2016

Mortgage approvals drop 10% in October: BBA

Mortgage approvals drop 10% in October: BBA

October house purchase approvals were 10% lower than in October 2015 and in the first ten months of 2016 were 4% lower than in the same period of 2015, according to the latest BBA high street banking statistics.

24 Nov 2016

Government scraps proposed Land Registry privatisation

Government scraps proposed Land Registry privatisation

The government has confirmed that, following a consultation, the Land Registry will remain in the public sector.

24 Nov 2016

LMS announces partnership with TSB

LMS announces partnership with TSB

LMS has announced a new partnership with TSB to provide conveyancing services including fees assisted remortgages.

24 Nov 2016

Bridging activity falls by 17.4% in Q3: ASTL

Bridging activity falls by 17.4% in Q3: ASTL

The value of bridging loans written fell in Q3, although the total amount written during the year has continued to rise significantly, according to the latest data survey of ASTL members.

24 Nov 2016

Budget 2016
Government introduces new tax avoidance penalties

Budget 2016
Government introduces new tax avoidance penalties

The government will introduce a new penalty for those who enable the use of a tax avoidance scheme that HMRC later challenges and defeats, Philip Hammond has announced.

23 Nov 2016

Budget 2016
Money Purchase Annual Allowance cut to £4,000

Budget 2016
Money Purchase Annual Allowance cut to £4,000

The government will cut the Money Purchase Annual Allowance from £10,000 to £4,000 for those who have used the pension freedoms.

23 Nov 2016

Budget 2016
Brexit to lower economic growth by 2.4%

Budget 2016
Brexit to lower economic growth by 2.4%

The OBR predicts potential economic growth to be 2.4 percentage points lower than would otherwise have been the case had the UK voted to remain in the European Union.

23 Nov 2016

Budget 2016
NS&I to launch 2.2% savings bond

Budget 2016
NS&I to launch 2.2% savings bond

Chancellor Philip Hammond has announced the launch of a new savings bond through NS&I.

23 Nov 2016

Budget 2016
Insurance premium tax raised to 12%

Budget 2016
Insurance premium tax raised to 12%

The government has announced that it will raise insurance premium tax from 10% to 12% from next June in order to "fund spending commitments".

23 Nov 2016

Budget 2016
Government to scrap spring Budget from 2018

Budget 2016
Government to scrap spring Budget from 2018

At the Autumn Statement, Chancellor Philip Hammond announced that the government will move to a single major fiscal event each year.

23 Nov 2016

Budget 2016
Higher-rate tax threshold raised to £50,000

Budget 2016
Higher-rate tax threshold raised to £50,000

The government has confirmed plans to increase the tax-free personal allowance from £11,000 to £12,500 and raise the higher-rate threshold from £43,000 to £50,000 by the end of the current parliament.

23 Nov 2016

Budget 2016
Hammond pledges £2.3bn for 100,000 new homes

Budget 2016
Hammond pledges £2.3bn for 100,000 new homes

In today's Autumn Statement, Philip Hammond has pledged an extra £1.4bn to help build 40,000 new affordable homes.

23 Nov 2016

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