Latest News

Santander overhauls mortgage range

Santander overhauls mortgage range

Santander has reduced rates on its standard residential purchase and remortgage mortgages by up to 0.65%.

02 Feb 2015

Al Rayan Bank widens ISA range

Al Rayan Bank widens ISA range

Following the launch of the UK’s first ever Sharia compliant Cash ISA, Al Rayan Bank PLC, formerly known as Islamic Bank of Britain, has today announced the launch of its Instant Access Cash ISA.

02 Feb 2015

Aldermore replans LSE floatation

Aldermore replans LSE floatation

Aldermore Bank is reconsidering plans to float on the stock market, less than four months after it pulled its £800m flotation due to a drop in investor confidence.

02 Feb 2015

AFH acquires two adviser firms in £1m deal

AFH acquires two adviser firms in £1m deal

AFH have today announced the acquisition of Roxborough Consultancy Limited, based in Didcot, Oxfordshire, and First Class Financial Management Ltd, based in West Bromwich.

02 Feb 2015

Uinsure re-awarded 5 star rating

Uinsure re-awarded 5 star rating

Uinsure’s chief executive says he expects big things from 2015 after the firm was awarded a Defaqto 5 Star Rating for the second year running.

02 Feb 2015

Paradigm adds Ipswich BS to panel

Paradigm adds Ipswich BS to panel

Paradigm Mortgage Services has today added the Ipswich Building Society to its lender panel.

02 Feb 2015

Salary of HTB2 buyers drops 11%

Salary of HTB2 buyers drops 11%

The average salary of homebuyers using the government’s Help to Buy mortgage guarantee dipped 11% in the final three months of 2014 from £31,270 to £27,957 according to new data from Mortgage Advice Bureau.

02 Feb 2015

Scottish Friendly announces Marine & General Mutual takeover

Scottish Friendly announces Marine & General Mutual takeover

Scottish Friendly has today announced that it is in the final stages of securing the takeover of Marine & General Mutual – the oldest active registered company in the UK.

02 Feb 2015

Teachers BS increases LTVs

Teachers BS increases LTVs

Teachers Building Society has increased the Loan to Value from 75% to 80% on a range of mortgages deals including two intermediary mortgage deals.

30 Jan 2015

The rise and rise of the high LTV mortgage

The rise and rise of the high LTV mortgage

According to whose figures you look at, the number of high loan-to-value mortgages has more than doubled from this time last year. To take a snapshot of the situation as it stands, there are currently 500 mortgage products at 90% LTV or more of which 124 offer 95% LTV.

30 Jan 2015

 

FTB completions down despite stamp duty reforms

FTB completions down despite stamp duty reforms

Slowing first-time buyer demand has pushed the number of first-time buyer completions down to 24,800 in December 2014 - 4.2% fewer than in November and 7.8% fewer than a year ago.

30 Jan 2015

Chelsea BS launches 75% LTV fix at 1.49%

Chelsea BS launches 75% LTV fix at 1.49%

Chelsea Building Society is offering customers with a 25% deposit a 1.49% two-year fixed rate mortgage as it launches its new range today.

30 Jan 2015

The Loans Engine adds Paragon to lender panel

The Loans Engine adds Paragon to lender panel

The Loans Engine have welcomed Paragon Personal Finance to its panel of lenders following the Group’s five year break from the market.

30 Jan 2015

BoE: mortgage approvals pick up in December

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BoE: mortgage approvals pick up in December

The Bank of England today revealed that mortgage approvals for house purchases totalled 60,275 last month, up from 58,956 in November.

30 Jan 2015

High Court favours West Brom in BTL tracker case

High Court favours West Brom in BTL tracker case

West Brom Building Society has won a High Court case against a group of over 400 landlords after it increased rates on its buy-to-let tracker.

30 Jan 2015

Virgin Money launches new mortgage range

Virgin Money launches new mortgage range

Virgin Money has today launched a new mortgage range that is available through all intermediaries registered with a Virgin Money national account.

30 Jan 2015

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

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