Latest News

Equity release lending rises 17%

Equity release lending rises 17%

Retired homeowners cashed in more than £750 million of property wealth in the first six months of the year as the equity release market continued to expand, according to Key Retirement.

14 Jul 2015

Paratus AMC appoints Chairman

Paratus AMC appoints Chairman

Paratus AMC, which recently launched Foundation Home Loans and acquired a majority stake in peer-to-peer lending platform Funding Empire, has announced the appointment of John van Kuffeler as non-executive Chairman.

14 Jul 2015

TFC partners with Dudley BS

TFC partners with Dudley BS

TFC Homeloans has added Dudley Building Society to its lender panel, meaning that brokers can now access all of the society's mortgage products through the specialist distributor.

14 Jul 2015

Monmouthshire BS launches new two-year fixes

Monmouthshire BS launches new two-year fixes

Monmouthshire Building Society has launched a new range of two year fixed rate house purchase and remortgage products.

13 Jul 2015

Former Coventry director joins Hinckley & Rugby

Former Coventry director joins Hinckley & Rugby

Hinckley & Rugby Building Society has welcomed Colin Franklin as a new non-executive director of its board.

13 Jul 2015

NatWest increases resi rates and updates BTL criteria

NatWest increases resi rates and updates BTL criteria

From tomorrow, NatWest Intermediary Solutions is introducing small increases in rates, of between 4bps to 12bps, on a number of its lower LTV residential deals.

13 Jul 2015

L&G sells Egyptian life insurance company to AXA

L&G sells Egyptian life insurance company to AXA

Legal & General and Commercial International Bank have today jointly announced the sale of Commercial International Life Insurance Company SAE to AXA for 763m EGP ($97.5m USD).

13 Jul 2015

Aegon: 8 in 10 pension transfer requests are scams

Aegon: 8 in 10 pension transfer requests are scams

Aegon estimates that 8 out of 10 requests for overseas pension transfers it receives are scams to defraud savers out of their pension.

13 Jul 2015

UnderWrite Me to launch in August

UnderWrite Me to launch in August

Underwrite Me has today announced that it will begin its pilot with LifeSearch in August, and through online broker Cavendish shortly after.

13 Jul 2015

BlackRock launches The Adviser Exchange

BlackRock launches The Adviser Exchange

BlackRock has announced the launch of The Adviser Exchange, a digitally supported adviser centre, providing advisers and wealth managers with a range of new tools and services.

13 Jul 2015

 

BoE: mortgage demand increases "significantly" in Q2

BoE: mortgage demand increases "significantly" in Q2

The latest Bank of England Credit Conditions Survey shows that demand for secured lending for house purchase increased significantly in 2015 Q2, having fallen significantly in the previous three quarters.

13 Jul 2015

Phoebus enhances analytics and reporting capability

Phoebus enhances analytics and reporting capability

Phoebus Software Limited has partnered with Staffordshire based software company Connexica to provide Phoebus' customers with an enhanced analytics and reporting capability.

13 Jul 2015

Metro Bank appoints large loans specialist

Metro Bank appoints large loans specialist

Metro Bank has appointed Jo Hollins as Senior Relationship Manager for Large Loans in response to overwhelming demand from the intermediary sector for mortgages over the value of £1.5 million.

13 Jul 2015

Quarterly instruction activity up by a third

Quarterly instruction activity up by a third

Broker Conveyancing has revealed that quarterly instruction levels for both purchases and remortgages were up by a third in Q2 this year, compared to the first three months of the year.

13 Jul 2015

Product Watch: a round up of this week's criteria changes

Blogs

Product Watch: a round up of this week's criteria changes

In the final column, Christine Newell, Mortgages Technical Director at mortgage distributor, Paradigm Mortgage Services, offers advisers the benefit of her knowledge on the latest lender product range developments and important criteria shifts.

13 Jul 2015

Number of UK property millionaires tops 500,000

Number of UK property millionaires tops 500,000

The number of homeowners in Britain whose property is worth £1m or more has exceeded half a million for the first time, according to the 2015 Zoopla Property Rich List.

11 Jul 2015

Time for the three o'clock parade!

Time for the three o'clock parade!

When Disney trains up new Mickey and Minnie Mouses to walk around the three Disney parks, it has a clever training trick. It teaches its workers how to answer the "What time is the three o'clock parade?" question.

10 Jul 2015

In the Spotlight with Steve Walker, Promise Solutions

In the Spotlight with Steve Walker, Promise Solutions

We spoke to Steve Walker, managing director, Promise Solutions, about the relationship between advisers and master brokers, and Promise's new secured loan referral tool.

10 Jul 2015

Promise Solutions welcomes FCA advice findings

Promise Solutions welcomes FCA advice findings

Promise Solutions has praised the FCA's report into the quality of mortgage advice for helping to clarify the regulator's expectations going forward.

10 Jul 2015

Annual allowance cut will "deter high earners from saving"

Annual allowance cut will "deter high earners from saving"

More than 240,000 higher earners could risk unplanned tax charges due to confusion over the reduced annual allowance on pension contributions coming into effect in April, Portus Consulting warns.

10 Jul 2015

Govt grants automatic planning permission on brownfield sites

Govt grants automatic planning permission on brownfield sites

The government has announced new plans to accelerate housebuilding by giving developers automatic planning permissions on brownfield sites.

10 Jul 2015

Shortage of instructions fuels higher prices

Shortage of instructions fuels higher prices

House price inflation reached an eleven-month high in June, while supply reached data series low, according to the June 2015 Residential Market Survey.

10 Jul 2015

Secondary annuity market will face "significant challenges"

Secondary annuity market will face "significant challenges"

Equiniti welcomes the deferral to 2017 for the creation of a secondary annuity market, but warns that the proposals to allow annuitants to sell their policies will still create significant challenges for the insurance and pensions industry, as it fundamentally changes the administration, which could spark increasing costs.

10 Jul 2015

FCA updates investigations criteria

FCA updates investigations criteria

The Financial Conduct Authority has updated the criteria and outlined the process it uses when deciding whether to refer a firm or individual to its enforcement division for a formal investigation.

10 Jul 2015

Skipton boosts ISA interest rates

Skipton boosts ISA interest rates

Skipton Building Society has today boosted rates on one and two year Fixed Rate ISAs and Bonds.

10 Jul 2015

Budget 2015
HMRC to recover debt from bank accounts and ISAs

Budget 2015
HMRC to recover debt from bank accounts and ISAs

In yesterday's Summer Budget, the government announced that it will introduce legislation which will allow HMRC to recover tax and tax credit debts directly from debtors' bank and building society accounts, including funds held in cash ISAs.

09 Jul 2015

BoE maintains Bank Rate at 0.5%

BoE maintains Bank Rate at 0.5%

The Bank of England's Monetary Policy Committee have voted to maintain Bank Rate at 0.5%.

09 Jul 2015

Mortgage Brain integrates Key and Anywhere systems

Mortgage Brain integrates Key and Anywhere systems

Mortgage Brain continues its vision of a fully online adviser process with the integration of two of its systems - the Key, its point-of-sale, compliance and CRM system, and its new online sourcing system, MortgageBrain Anywhere.

09 Jul 2015

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