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Al Rayan Bank launches in Scotland

Al Rayan Bank launches in Scotland

Al Rayan Bank has opened an office in Glasgow to become the first wholly Sharia compliant retail bank in Scotland.

29 Nov 2016

DWP confirms 2.5% triple lock increase

DWP confirms 2.5% triple lock increase

The DWP has confirmed the increase in next year's state pension will be 2.5%, sticking to its pledge despite calling for the abolition of the triple lock earlier this month.

29 Nov 2016

FCA to review rent to own, guarantor and payday loans

FCA to review rent to own, guarantor and payday loans

The FCA has today launched a call for evidence on how the wider high cost credit market is working - including rent to own and guarantor loans - to find out how firms are treating their customers.

29 Nov 2016

The Mortgage Lender adds two distributors to panel

The Mortgage Lender adds two distributors to panel

The Mortgage Lender has added two further distributors to its panel - The Lending Channel and The Right Mortgage Network, increasing its total distribution panel to more than 30.

28 Nov 2016

Autumn Statement – a new look at how pension benefits are drawn

Autumn Statement – a new look at how pension benefits are drawn

In his first (and last) Autumn Statement Philip Hammond, the Chancellor, announced that he intended to reduce the Money Purchase Annual Allowance from £10,000 to £4,000 from April 2017. The Government will be consulting on whether £4,000 conflicts with Auto-Enrolment for those who remain in employment after they first draw their benefits.

28 Nov 2016

Masthaven Bank opens for business

Masthaven Bank opens for business

New challenger bank, Masthaven, launches today, offering a range of savings and lending products with plans to launch into the mortgage market in early 2017.

28 Nov 2016

First-time buyer sales hit record high: NAEA

First-time buyer sales hit record high: NAEA

32% of total sales made were to first-time buyers in October – a 9% rise from September and the highest number since National Association of Estate Agents records began 16 years ago in 2000.

28 Nov 2016

Vida Homeloans partners with e.surv

Vida Homeloans partners with e.surv

e.surv has partnered with Vida Homeloans to become the new mortgage lender's lead valuer and panel manager.

28 Nov 2016

SimplyBiz and Paragon launch secured loans proposition

SimplyBiz and Paragon launch secured loans proposition

SimplyBiz Mortgages has partnered with Paragon Personal Finance to launch a secured loans panel.

28 Nov 2016

LV= bolsters protection rehabilitation offering

LV= bolsters protection rehabilitation offering

LV= has expanded its protection team to help build and develop its early intervention services and ensure income protection claimants have all the help they need during their recovery to either stay in work or return to work.

28 Nov 2016

 

True Potential approved by The Pensions Regulator

True Potential approved by The Pensions Regulator

Wealth Management firm, True Potential, has been listed as an approved provider of workplace pensions by The Pensions Regulator.

28 Nov 2016

TFC Homeloans reduces fees

TFC Homeloans reduces fees

Specialist distributor TFC Homeloans has reduced fees across its specialist funding solutions, including first charge residential, second charge, buy-to-let and bridging business on a single property.

28 Nov 2016

FCA: annuity providers must reveal best open market rates

FCA: annuity providers must reveal best open market rates

New FCA rules will require annuity providers to give customers a comparison quote, showing them how much more they could get if they purchased an annuity on the open market.

28 Nov 2016

In the Spotlight with Phil Goff, SortRefer

In the Spotlight with Phil Goff, SortRefer

We spoke to Phil Goff, Head of Sales at SortRefer, about what action is needed to help first time buyers, how the homebuying process should be simplified, and Ed Balls' Strictly performance.

25 Nov 2016

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

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