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Airdrie Savings Bank joins L&G Mortgage Club

Airdrie Savings Bank joins L&G Mortgage Club

Airdrie Savings Bank is celebrating its first year of serving the intermediary community in Scotland by launching with Legal & General Mortgage Club.

23 Apr 2015

iPipeline launches new retirement planning solution

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iPipeline launches new retirement planning solution

iPipeline has unveiled RetirementBuilder, which enables advisers to review their client’s pension pot and how to best package these options at retirement.

23 Apr 2015

Precise launches BTL exclusives for Paradigm

Precise launches BTL exclusives for Paradigm

Paradigm Mortgage Services' members will have exclusive access to two buy-to-let products from Precise Mortgages which allow the borrower to have a limited amount of adverse credit history.

23 Apr 2015

Aldermore joins HTB equity loan scheme

Aldermore joins HTB equity loan scheme

Aldermore is joining the Help to Buy: equity loan scheme and has today launched a new product, available directly to consumers as well as through a number of specially chosen distribution partners.

23 Apr 2015

Yorkshire BS reduces FTB mortgage rates

Yorkshire BS reduces FTB mortgage rates

Yorkshire Building Society is reducing first time buyer mortgage rates by up to 0.30%.

23 Apr 2015

CML: mortgage lending up 21% in March

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CML: mortgage lending up 21% in March

The Council of Mortgage Lenders estimates that gross mortgage lending reached £16.5 billion in March - 21% higher than February (£13.6 billion), and 7% higher than March last year (£15.4 billion).

23 Apr 2015

BoE: BTL growth overtakes other mortgage lending

BoE: BTL growth overtakes other mortgage lending

The latest Trends in Lending report from the Bank of England shows that overall, gross secured lending was higher in 2014 than in recent years and within this, the share of gross lending for buy-to-let purposes has increased.

23 Apr 2015

Pension reforms cause "sharp rise" in financial advice demand

Pension reforms cause "sharp rise" in financial advice demand

Accountants have experienced a sharp rise in demand for financial advice over the past 12 months, according to research from Investec Wealth & Investment, with more than a third (37%) experiencing an increase in demand for advice.

23 Apr 2015

Smart Money supports FCA's second charge rate rule

Smart Money supports FCA's second charge rate rule

Smart Money, the second charge and bridging distributor, has welcomed the FCA’s move to no longer require second charge lenders to obtain the interest rate on a client’s first charge mortgage.

23 Apr 2015

Responsible Equity Release: #FRAwards are a great accolade

Responsible Equity Release: #FRAwards are a great accolade

Responsible Equity Release has won the prestigious Financial Reporter Award for Best Equity Release Broker.

23 Apr 2015

 

FCA fines Merrill Lynch International £13.2m for transaction reporting failures

FCA fines Merrill Lynch International £13.2m for transaction reporting failures

Merrill Lynch International has been fined £13,285,900 by the Financial Conduct Authority for incorrectly reporting 35,034,810 transactions and failing to report another 121,387 transactions between November 2007 and November 2014.

22 Apr 2015

Kensington extends max age on resi mortgages

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Kensington extends max age on resi mortgages

Kensington Mortgages has today announced changes to its criteria, including raising its maximum age for the end of its residential mortgage term to 75 years.

22 Apr 2015

Intermediaries' mortgage market confidence increases "significantly"

Intermediaries' mortgage market confidence increases "significantly"

Mortgage intermediaries’ confidence about the prospects for the mortgage market has increased significantly, according to research from NatWest Intermediary Solutions.

22 Apr 2015

FSE Glasgow 2015 - Shawbrook Bank Academy, Secured Lending

FSE Glasgow 2015 - Shawbrook Bank Academy, Secured Lending

The first Shawbrook Bank Academy took place at the recent FSE Glasgow, giving advisors a 360 degree education in specialist lending.

22 Apr 2015

FSE Glasgow 2015 - Preparing for the Mortgage Credit Directive, Lynda Blackwell, FCA

FSE Glasgow 2015 - Preparing for the Mortgage Credit Directive, Lynda Blackwell, FCA

The FCA's Lynda Blackwell spoke at the recent FSE Glasgow expo about what the Mortgage Credit Directive means for the industry.

22 Apr 2015

FSE Glasgow 2015 - Economy, housing & mortgage market review, Robert Sinclair, AMI

FSE Glasgow 2015 - Economy, housing & mortgage market review, Robert Sinclair, AMI

Robert Sinclair, Chief Executive at AMI, spoke at the recent FSE Glasgow expo about the current housing market and the impact of MMR.

22 Apr 2015

Barclays introduces new zero fee mortgage

Barclays introduces new zero fee mortgage

From tomorrow, Barclays is introducing a new fee free 1.85% 2 year fixed at 60% LTV and cutting rates across its 5 year fixed at 70% and 75% LTV deals, and its 2 Year Tracker at 60% LTV.

22 Apr 2015

Uinsure discusses #FRAwards success

Uinsure discusses #FRAwards success

GI firm Uinsure has been named Best GI Provider in the prestigious Financial Reporter Awards.

22 Apr 2015

Promise launches secured loan referral tool

Promise launches secured loan referral tool

Promise Solutions has this week launched Multi Quote in response to requests from introducing brokers for more detailed secured loan comparisons.

22 Apr 2015

MPC: rate rises are now "an expectation, not a promise"

MPC: rate rises are now "an expectation, not a promise"

In the minutes of the Monetary Policy Committee meeting released today, the committee admitted that the "actual path Bank Rate would follow over the next few years was uncertain, and would depend on economic circumstances."

22 Apr 2015

Metro Bank lending up 91%

Metro Bank lending up 91%

Metro Bank has revealed its Q1 financial statement to 31 March 2015, showing that lending rose to from £1,596 million to £1,830 million, an increase of 15% in the quarter, and 91% year on year.

22 Apr 2015

IRESS: financial services must adapt to the digital revolution

IRESS: financial services must adapt to the digital revolution

The 'digital revolution' has drastically altered consumer approaches to financial services, according to new research by IRESS.

22 Apr 2015

It's a big day in the North

It's a big day in the North

It has been widely reported, on Financial Reporter and across the media, that the average house price in London is now £458,283, a rise of £160,000 since 2009, as per my last blog.

21 Apr 2015

Coventry cuts resi rates by 0.20%

Coventry cuts resi rates by 0.20%

Coventry Intermediaries has cut rates across its residential range with 2 year fixed products starting from as low as 1.69%.

21 Apr 2015

Lloyds launches retirement planning solution

Retirement

Lloyds launches retirement planning solution

Lloyds Bank has announced the launch of a financial planning tool to help private banking clients plan for their retirement.

21 Apr 2015

Banning zero-hour contracts will give UK businesses less flexibility

Banning zero-hour contracts will give UK businesses less flexibility

Ed Miliband’s zero tolerance of zero hours contract misses the point. Zero hours contracts are about job creation – not job protection.

21 Apr 2015

Exeter Family Friendly pays 94% of IP claims

Exeter Family Friendly pays 94% of IP claims

Mutual income protection insurer Exeter Family Friendly has released its claims statistics for 2014, confirming a headline figure that 94% of all claims received were paid.

21 Apr 2015

Virgin Money revamps resi range

Virgin Money revamps resi range

Virgin Money has announced a number of changes to its residential mortgage range, which include rate reductions of up to 0.45% and is available from tomorrow.

21 Apr 2015

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