Latest News

Carney: further open letters "very likely"

Carney: further open letters "very likely"

In Mark Carney's open letter to George Osborne, published today, the Governor admitted that it is "very likely that [he] will need to write further open letters in the coming months".

13 May 2015

Zopa clone firm caught by FCA

Zopa clone firm caught by FCA

The FCA has published a statement to warn consumers against dealing with Zopa Loans Reviews, which has been carrying out consumer credit activities in the UK without our permission or authorisation.

13 May 2015

TSB Intermediary launches first BTL range

TSB Intermediary launches first BTL range

From today, TSB Intermediary will provide buy to let mortgages as the bank expands its mortgage range available through brokers.

13 May 2015

One in six consider remortgaging as rate cuts continue

One in six consider remortgaging as rate cuts continue

Up to one in six (16%) homeowners are considering remortgaging over the next six months as the ongoing mortgage price wars cut rates.

13 May 2015

Holloway Friendly launches critical illness IP policy

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Holloway Friendly launches critical illness IP policy

Holloway Friendly has launched a critical illness income protection policy that will pay a regular benefit to replace loss of earnings when someone is unable to work due to a specified critical illness.

13 May 2015

Leeds BS launches new fixed rates

Leeds BS launches new fixed rates

Leeds Building Society has launched new two year fixed rate mortgages – at 2.09% up to 75% LTV and 2.19% up to 80% LTV – and a five year fix at 2.94% up to 80% LTV.

12 May 2015

Nationwide cuts 10 year fixes

Nationwide cuts 10 year fixes

Nationwide's 10 year fixed rate mortgages have been cut by up to 0.65% for existing Nationwide mortgage customers looking to switch to a new deal, as part of the Society’s Loyalty Rate Mortgages initiative to offer the best rates on the high street to existing customers.

12 May 2015

Yorkshire BS launches its first four-year fixed rate range

Yorkshire BS launches its first four-year fixed rate range

Yorkshire Building Society has launched its first-ever range of four-year fixed rate mortgages in a bid to offer an even wider choice of mortgage options.

12 May 2015

Principality to sell Nemo "amid regulatory changes"

Principality to sell Nemo "amid regulatory changes"

Principality is reportedly seeking a buyer for second-charge mortgage lender Nemo Personal Finance.

12 May 2015

RBS faces $450m fine over false mortgage statements

RBS faces $450m fine over false mortgage statements

Royal Bank of Scotland could face fines of nearly half a billion dollars after it made false statements when selling mortgage-backed securities in the United States.

12 May 2015

 

Younger customers bring flexible demands to the equity release market

Younger customers bring flexible demands to the equity release market

When the FCA implemented their mortgage market review, there was a distinct lack of clarity and guidelines around mortgage lending into retirement.

12 May 2015

Blimey Loans to host specialist lending roadshows

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Blimey Loans to host specialist lending roadshows

Scottish Packager, Blimey Loans, has announced that it will host two specialist lending roadshows next month in Glasgow and Edinburgh.

12 May 2015

Dragonfly revamps resi refurbishment range

Dragonfly revamps resi refurbishment range

Dragonfly Property Finance, part of the Octopus group, has announced an overhaul of its residential refurbishment products to offer landlords and developers more flexibility.

12 May 2015

Royal London sees drawdown sales soar

Royal London sees drawdown sales soar

Royal London, the mutual life, pensions and investment company, has announced strong Q1 growth across all of its pension products.

12 May 2015

Ros Altmann appointed Pensions Minister

Ros Altmann appointed Pensions Minister

Consumer champion and pensions expert Dr. Ros Altmann has been appointed Minister of State (Minister for Pensions) at the Department for Work and Pensions.

12 May 2015

Government reduces Lloyds stake to below 20%

Latest News

Government reduces Lloyds stake to below 20%

The government has sold another £500m of shares in Lloyds Banking Group, as promised by David Cameron if the Conservatives won the election.

12 May 2015

House of Commons vs Housing Market - the next five years

House of Commons vs Housing Market - the next five years

Following a Conservative victory in last week's General Election, the industry has largely welcomed the "end of months of uncertainty" in the housing market.

11 May 2015

L&G pays 97% of group protection claims

L&G pays 97% of group protection claims

Legal & General has today announced that it paid 97% of all group protection claims in 2014 totalling £264m.

11 May 2015

Nucleus Q1 profits up 26%

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Nucleus Q1 profits up 26%

Nucleus, the adviser-built wrap, has announced its Q1 YTD trading results following the posting of its full year results for 2014 which revealed profit before tax of £2.5m.

11 May 2015

Bellpenny completes £84m IFA purchases

Bellpenny completes £84m IFA purchases

National wealth manager Bellpenny has completed two more IFA acquisitions with combined funds under management of £84m.

11 May 2015

Bank of England maintains Bank Rate at 0.5%

Bank of England maintains Bank Rate at 0.5%

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

11 May 2015

Family BS raises proc fees to 0.55%

Family BS raises proc fees to 0.55%

The Family Building Society has increased the procuration fees paid to introducing brokers for its Family, Offset and Low Start mortgage products.

11 May 2015

Stonehaven increases LTVs by up to 10%

Stonehaven increases LTVs by up to 10%

Equity release specialist Stonehaven is today increasing LTV rates across its Lump Sum, Interest Select and Voluntary Select ranges by between 5% and 10%.

11 May 2015

Leeds BS launches HTB Equity remortgage range

Leeds BS launches HTB Equity remortgage range

Leeds Building Society has launched two new remortgage products for homeowners who bought their properties with assistance from the Government’s Help to Buy Equity scheme.

11 May 2015

Only 24% financially prepared for retirement

Only 24% financially prepared for retirement

Over 55s now have far greater flexibility over the use of their pension pots, but many have inadequate savings to work with in the first place, according to research from Close Brothers Asset Management.

11 May 2015

FCA review reveals GI shortcomings

FCA review reveals GI shortcomings

A Financial Conduct Authority review has revealed that insurers and insurance intermediaries are not always providing customers with clear information about the different payment options available when buying general insurance products.

11 May 2015

Dudley BS cuts Self-E mortgage rates

Dudley BS cuts Self-E mortgage rates

The Dudley Building Society has reduced the costs of its self employed specific mortgage deals, aimed at clients the Society feels are being ignored by mainstream lenders.

11 May 2015

Furness BS joins MCI Panel

Furness BS joins MCI Panel

Furness Building Society has become the latest lender to join MCI Mortgage Club’s panel.

11 May 2015

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