Latest News

Drawdown to create increased life insurance demand

Retirement

Drawdown to create increased life insurance demand

Recent criticism of the fact that too many annuitants have been sold single life policies is likely to drive an increase in the sales of term or whole of life insurance including the likes of funeral plans, post April’s drawdown changes.

20 Mar 2015

Banks to get £8m rebate from PRA

Banks to get £8m rebate from PRA

The Bank of England's regulatory arm, the Prudential Regulation Authority, is returning £8m to banks in regulatory fees due to surplus 2014/2015 budget.

20 Mar 2015

TSB agrees £1.7bn takeover

TSB agrees £1.7bn takeover

Spanish bank Sabadell and TSB Banking Group have reached agreement on a £1.7bn takeover after a preliminary proposal was announced last week.

20 Mar 2015

Bridging market lending £50m a week

Bridging market lending £50m a week

The annual gross bridging lending total now stands at £2.5bn, meaning an average of £48.7m is being taken out on a weekly basis – or £9.7m per day – by homebuyers, developers and businesses to meet their short-term funding needs.

20 Mar 2015

Rob Jupp: Technology plus experience - an unbeatable combination

Rob Jupp: Technology plus experience - an unbeatable combination

Eighteen years ago in 1997, a computer program beat the chess world champion, Gary Kasparov, in a match for the first time - a feat which many would have considered impossible only ten years before.

19 Mar 2015

Why I Love #FRAwards - Charles Haresnape, Aldermore

Why I Love #FRAwards - Charles Haresnape, Aldermore

In last year's Financial Reporter Industry Awards, Aldermore won our Best Specialist Lender award.

19 Mar 2015

Homebuyers express concern over affordability rules

Homebuyers express concern over affordability rules

Over half (59%) of people who are either considering, or are in the course of applying for a mortgage believe that the obligation placed upon mortgage lenders to assess their ability to repay will slow down the application process.

19 Mar 2015

FCA: mortgage lenders still not consumer focused

FCA: mortgage lenders still not consumer focused

An FCA review into mortgage lending strategies found an inconsistency in the way firms are considering the impact of their actions on customer outcomes throughout the whole strategy-setting process.

19 Mar 2015

Financial advice could be made compulsory on annuity sales

Financial advice could be made compulsory on annuity sales

In yesterday's Budget, Chancellor George Osborne announced that he will extend its pension freedoms to around five million people who have already bought an annuity.

19 Mar 2015

Openwork appoints new CEO

Openwork appoints new CEO

Openwork have today announced the appointment of Mark Duckworth as Chief Executive Officer.

19 Mar 2015

 

LCP launches Resi ISA for second steppers

LCP launches Resi ISA for second steppers

Chancellor Osborne’s new Help-to-Buy ISA has been widely accepted as a good policy for first steppers who can then buy a property outside London up to a maximum of £250,000 or £450,000 inside London with the tax free savings.

19 Mar 2015

Why compromise on quality?

Why compromise on quality?

According to recently released figures from the Confederation of British Industry (CBI) UK retailers enjoyed healthy January sales this year, as the old adage ‘everybody loves a bargain’ once again proved to be the case.

19 Mar 2015

Majority face "serious" difficulties getting a mortgage

Majority face "serious" difficulties getting a mortgage

The overwhelming majority of UK adults say that the difficulty in getting mortgages is a serious problem, with those hardest hit being first time buyers and those trying to take a first step up the property ladder, according to the 2015 Homeowner Survey by HomeOwners Alliance and myhomemove.

19 Mar 2015

Creating clarity amidst confusion

Creating clarity amidst confusion

Planning for our later years and post-work life can be a costly, confusing time.

19 Mar 2015

CML: mortgage lending down 9% in February

CML: mortgage lending down 9% in February

The Council of Mortgage Lenders estimates that gross mortgage lending reached £13.4 billion in February, down 9% from both January and last February, in both of which months £14.8 billion was advanced.

19 Mar 2015

MBE Leeds announces new exhibitors

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MBE Leeds announces new exhibitors

The first Mortgage Business Expo in Leeds now has over 40 exhibitors involved, including specialist lenders Blemain Finance, Hope Capital and Masthaven Finance.

19 Mar 2015

Financial advisory group launches auto-enrolment solution

Financial advisory group launches auto-enrolment solution

One of Wales’ biggest financial advisory groups has launched a new service designed to help companies with the implementation of auto-enrolment and better understand and manage their responsibilities around pensions online.

19 Mar 2015

HLP appoints Market Harborough BS to panel

HLP appoints Market Harborough BS to panel

HomeLoan Partnership has announced the appointment of Market Harborough Building Society to its panel.

19 Mar 2015

Budget 2015
Industry welcomes HTB ISAs but warn housing shortage must be tackled

Blogs

Budget 2015
Industry welcomes HTB ISAs but warn housing shortage must be tackled

Following George Osborne's announcement in today's Budget that he is aiming to 'encourage a saving culture' through a Help to Buy ISA, there has been mixed reaction from the industry.

18 Mar 2015

Budget 2015
Annual tax returns scrapped in 'revolutionary' move

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Budget 2015
Annual tax returns scrapped in 'revolutionary' move

The Chancellor George Osborne has announced in today’s Budget he plans to scrap the annual tax return, replacing it with a single ‘digital’ tax account, which he says will help 12m Britons.

18 Mar 2015

Budget 2015
Osborne announces 'Flexible ISA'

Budget 2015
Osborne announces 'Flexible ISA'

George Osborne has announced the introduction of a "radically more Flexible ISA" in addition to the new Help to Buy ISA.

18 Mar 2015

Budget 2015
Income tax threshold raised to £11,000

Budget 2015
Income tax threshold raised to £11,000

George Osborne has revealed that threshold at which workers start to pay tax will be increased to from £10,500 in April to £10,800 next year and £11,000 the year after.

18 Mar 2015

Budget 2015
Osborne extends pension freedoms to existing annuity holders

Budget 2015
Osborne extends pension freedoms to existing annuity holders

In today's 2015 Budget, Chancellor George Osborne announced that he will extend its pension freedoms to around five million people who have already bought an annuity.

18 Mar 2015

Budget 2015
'Help to Buy ISA' launched to help first time buyers

Budget 2015
'Help to Buy ISA' launched to help first time buyers

As part of a move which will 'encourage a saving culture' and boost homeownership, Chancellor George Osborne today announced a Help to Buy ISA for first time buyers.

18 Mar 2015

Budget 2015
Bank levy raised to make 'bigger contribution'

Budget 2015
Bank levy raised to make 'bigger contribution'

The bank levy rate has been raised to 0.21%, Chancellor George Osborne announced today.

18 Mar 2015

Budget 2015
Osborne to cut lifetime allowance to £1m

Budget 2015
Osborne to cut lifetime allowance to £1m

In today's 2015 Budget, Chancellor George Osborne announced plans to cut the lifetime allowance of tax free pension savings from £1.25m to £1m.

18 Mar 2015

Budget 2015
Economic outlook is positive, says OBR

Budget 2015
Economic outlook is positive, says OBR

In today's Budget, Chancellor George Osborne confirmed that OBR figures for growth for this year have been revised up to 2.5%.

18 Mar 2015

Budget 2015
£13bn of mortgage assets to be sold, announces Chancellor

Budget 2015
£13bn of mortgage assets to be sold, announces Chancellor

The Chancellor George Osborne has announced mortgage assets still held from the bailouts of Northern Rock and Bradford & Bingley will be sold at a value of £13 billion.

18 Mar 2015

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