Latest News

Lenders to face extra £10bn losses from consumer credit: BoE

Lenders to face extra £10bn losses from consumer credit: BoE

Lenders could need to hold an extra £10bn in capital to withstand potential consumer credit losses, the Bank of England has warned today.

25 Sep 2017

PLSA raises concerns over new FCA DB transfer rules

PLSA raises concerns over new FCA DB transfer rules

The Pensions and Lifetime Savings Association has responded to the FCA’s consultation Advising on Pension Transfers.

25 Sep 2017

A quarter or first-time buyers stressed by application process

A quarter or first-time buyers stressed by application process

One in four borrowers say they found the traditional mortgage application process to be stressful, while 5% felt compelled to complain to their lender or broker about the service they received, according to Trussle research.

25 Sep 2017

Labour to offer early state pension access for WASPI women

Labour to offer early state pension access for WASPI women

Labour shadow work and pensions secretary Debbie Abrahams is set to announce plans for women born in the 1950s to access a reduced state pension at the age of 64.

25 Sep 2017

In the Spotlight with Matt Smith, Octane Capital

In the Spotlight with Matt Smith, Octane Capital

We spoke to Matt Smith, Director of Risk at Octane Capital, about the new lender's proposition and whether there is a level of complacency within specialist lending.

22 Sep 2017

UK Finance report reveals high-LTV mortgages still ‘largely absent’

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UK Finance report reveals high-LTV mortgages still ‘largely absent’

A new report comparing the UK and Irish mortgage markets released today by trade body, UK Finance, has revealed that high-LTV mortgages still ‘largely absent’ in the two countries.

22 Sep 2017

Clydesdale launch new fixed rate products

Clydesdale launch new fixed rate products

Clydesdale Bank has announced that it has launched its lowest-ever fixed rate mortgage.

22 Sep 2017

Retirement age BTL investors urged to be cautious

Retirement age BTL investors urged to be cautious

Would-be ‘pension pot’ landlords are being urged to seek advice before committing pension funds to property.

22 Sep 2017

Co-op Group sells final share in its banking arm

Co-op Group sells final share in its banking arm

The Co-operative Group no longer owns any part of the Co-operative Bank after it completed the sale of its remaining 1% stake in the business.

22 Sep 2017

Secure Trust joins forces with Intrinsic

Secure Trust joins forces with Intrinsic

The mortgage division of Secure Trust Bank has strengthened its offer with the appointment of Intrinsic Financial Services to its partner network.

22 Sep 2017

 

AA launch new 5-year fix range

AA launch new 5-year fix range

The AA has announced that it has launched a new range of 5-year fixed-rate mortgages between 75% and 85% LTV.

22 Sep 2017

Pure Retirement introduce portal for lifetime mortgage advisers

Pure Retirement introduce portal for lifetime mortgage advisers

Pure Retirement have launched a new broker portal which is now live for use, including facilities for online applications, case tracking, an educational learning zone and access to bespoke marketing support.

22 Sep 2017

PMS launches web solution for advisers

PMS launches web solution for advisers

PMS Mortgage Club has launched a new web solutions service which enables advisers to create their own website with the support of PMS’s in-house marketing team.

22 Sep 2017

Skipton strike it lucky at FS Cup

Skipton strike it lucky at FS Cup

The second annual FS Cup took place yesterday, seeing teams from the financial services industry compete to lift this year's trophy as well as raise thousands of pounds for charity.

21 Sep 2017

Why market diversity is the true 'common approach'

Why market diversity is the true 'common approach'

Part of the continuing strength of the mortgage market is the diverse nature of the mortgage lenders operating in today’s market. At the recent FSE London event there was a panel discussion on the buy-to-let market which principally covered the impending PRA portfolio landlord underwriting changes.

21 Sep 2017

First Complete & Pink add Scottish Building Society to panel

First Complete & Pink add Scottish Building Society to panel

First Complete and Pink have added Scottish Building Society to their panel of lenders.

21 Sep 2017

Finance industry not meeting needs of older people, warns FCA

Finance industry not meeting needs of older people, warns FCA

There is "scope for financial services firms to do more" to support older people, an FCA paper has argued.

21 Sep 2017

FCA bans former city banker over hidden convictions

FCA bans former city banker over hidden convictions

The FCA has banned a compliance officer for deliberately failing to disclose two criminal convictions in regulatory applications to the Authority.

21 Sep 2017

Precise launches portfolio proposition online

Precise launches portfolio proposition online

Precise is helping brokers prepare for the PRA's upcoming portfolio landlord changes by launching its portfolio proposition online.

21 Sep 2017

LendInvest appoints former Aldermore Head as Sales Director

LendInvest appoints former Aldermore Head as Sales Director

LendInvest has appointed Ian Boden, former Head of Commercial Mortgages at Aldermore Bank, as Sales Director.

21 Sep 2017

Paragon parent announces strategic reorganisation

Paragon parent announces strategic reorganisation

The Paragon Group, the parent company of Paragon Mortgages and Mortgage Trust, has announced a strategic reorganisation and will now be known as Paragon Banking Group.

21 Sep 2017

Lloyds Bank launches £1,000 cashback on remortgages

Lloyds Bank launches £1,000 cashback on remortgages

Lloyds Bank has launched a new cashback offer, refunding one standard monthly mortgage payment of up to £1,000 to customers who remortgage from another lender.

21 Sep 2017

1,000 advisers pass advanced mortgage exam

1,000 advisers pass advanced mortgage exam

The Society of Mortgage Professionals has announced that 1,000 advisers have now passed the RQF Level 4 Certificate in Advanced Mortgage Advice.

21 Sep 2017

50% more equity released from homes over past quarter

50% more equity released from homes over past quarter

Homeowners have released 50% more equity from their homes over the past three months, according to Responsible Equity Release figures.

20 Sep 2017

BM Solutions launches free remortgage conveyancing

BM Solutions launches free remortgage conveyancing

BM Solutions has launched free standard conveyancing on its remortgage range.

20 Sep 2017

Barclays banker pleads guilty to part in £16m money laundering network

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Barclays banker pleads guilty to part in £16m money laundering network

Five men, including a Barclays bank manager, have admitted being part of a network responsible for laundering at least £16 million stolen by international cyber criminals, following an investigation by the National Crime Agency.

20 Sep 2017

Hinckley & Rugby revamps max loan sizes and interest-only criteria

Hinckley & Rugby revamps max loan sizes and interest-only criteria

Hinckley & Rugby Building Society has increased its maximum loan sizes at various LTVs as part of a raft of policy changes.

20 Sep 2017

We should talk - why systems should talk together and reduce the unnecessary

We should talk - why systems should talk together and reduce the unnecessary

Frustration comes in many forms: missing the last train, arriving home to realise that today was actually ‘bin day’, or encountering an online spoiler thoroughly detailing the synopsis to the Game of Thrones episode you’re about to watch. But inputting the same data into different systems is probably a solid entry in the top three of all frustrations, and one that is becoming an all too common problem as data is shared across various systems.

20 Sep 2017

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