Latest News

Kensington completes £497m securitisation

Kensington completes £497m securitisation

Specialist lender Kensington has closed its first securitisation in three years, raising £497 million for further expansion.

27 Mar 2015

Annual house price growth continues to soften

Annual house price growth continues to soften

UK house prices edged up by 0.1% in March, though the annual pace of growth slowed for the seventh month in a row to 5.1% from 5.7% in February.

27 Mar 2015

Home affordability deteriorates to 2009 levels

Home affordability deteriorates to 2009 levels

The past year has seen a deterioration in affordability in UK cities, driven by rising house prices across the country, according to the Lloyds Bank Affordable Cities Review.

27 Mar 2015

FTBs make increasing sacrifices to get on the ladder

FTBs make increasing sacrifices to get on the ladder

The housing crisis is creating growing anger and desperation among would-be first-time buyers, with over half willing to sacrifice spaces including garages, dining rooms and utility rooms in their search for an affordable first property.

27 Mar 2015

Treasury Committee: FCA has not learnt lessons from media blunder

Treasury Committee: FCA has not learnt lessons from media blunder

In December 2014, the FCA published a report by Simon Davis into its mishandling of a pre-briefing of its Life Insurance Review in March 2014.

27 Mar 2015

FCA to raise fees by 8.4%

FCA to raise fees by 8.4%

The Financial Conduct Authority have said that its 2015/16 funding requirement is £481.6m, up from £446.4m in 2014/15 - and it has proposed an 8.4% rise in fees to meet this increase.

26 Mar 2015

MAB profits up 31%

MAB profits up 31%

In its full year 2014 results released today, Mortgage Advice Bureau revealed that revenue rose 41% to £56.6m and pre-tax profits increased by 31% to £6.88m.

26 Mar 2015

Teachers BS launches 'Back on Track' mortgage

Teachers BS launches 'Back on Track' mortgage

Teachers Building Society has launched a new ‘Back on Track’ mortgage for those who have experienced a financial glitch in their credit history.

26 Mar 2015

TFC adds Castle Trust to panel

TFC adds Castle Trust to panel

Castle Trust has been appointed to TFC Homeloans’ lender panel, enabling the mortgage and investment company to offer its entire range of second charge products through TFC Homeloans, including the Buy To Let Equity Loan, Flexible Zero Mortgage and Index Profit Share Mortgage.

26 Mar 2015

What a difference six years makes - the plight of the saver

What a difference six years makes - the plight of the saver

It is now six years since the Bank of England cut the base rate to 0.5% - and while it’s been good news for mortgagors, savers have suffered.

26 Mar 2015

 

iPipeline launches protection solution

iPipeline launches protection solution

iPipeline has unveiled the open market version of Solution Builder, its new intelligent quote tool, to all advisers working in the protection market.

26 Mar 2015

Is optimism returning to the housing market?

Is optimism returning to the housing market?

Optimism may be returning to the UK housing market, with over one third (36%) of people saying that now is a good time to buy according to the BSA’s March Property Tracker.

26 Mar 2015

Friends Life enhances group cancer cover

Protection

Friends Life enhances group cancer cover

Friends Life has announced that it is extending its Group Cancer Cover to companies with 50 employees or more.

26 Mar 2015

FCA: retirement market is 'dysfunctional'

FCA: retirement market is 'dysfunctional'

The FCA's retirement income market study published this morning has identified a "number of concerns" around how the market works.

26 Mar 2015

RBS to raise $3.2bn in Citizens share sale

RBS to raise $3.2bn in Citizens share sale

The Royal Bank of Scotland plans to raise between $3.2bn (£2.1bn) and $3.7bn in a public offering for a 25% stake in its U.S. arm Citizens Financial Group Inc.

26 Mar 2015

Retirees' property wealth grows £33bn in six months

Retirees' property wealth grows £33bn in six months

Retired homeowners have seen their property wealth grow by more than £33 billion in the past six months - earning the average pensioner nearly £1,200 a month.

26 Mar 2015

H&R's mortgage applications up 30% in Q1

H&R's mortgage applications up 30% in Q1

Mortgage applications were up 30% in the first quarter of Hinckley & Rugby Building Society’s new year.

25 Mar 2015

Paragon completes latest securitisation

Paragon completes latest securitisation

The Paragon Group of Companies, Paragon Mortgages’ parent company, has completed its latest securitisation.

25 Mar 2015

Brits overspend on life insurance by £109 a year

Brits overspend on life insurance by £109 a year

The average person overpays on their life insurance premium by £109 a year – totaling £3,270 over a 30-year term.

25 Mar 2015

Why I Love #FRAwards - Peter Brodnicki, Mortgage Advice Bureau

Why I Love #FRAwards - Peter Brodnicki, Mortgage Advice Bureau

In last year's Financial Reporter Industry Awards, Peter Brodnicki won our Lifetime Achievement Award.

25 Mar 2015

FCA to ban "opt-out" insurance add-ons

FCA to ban "opt-out" insurance add-ons

The Financial Conduct Authority today announced plans to ban opt-out selling in financial services markets.

25 Mar 2015

Equiniti launches £99 SIPP

Equiniti launches £99 SIPP

Equiniti has announced the launch of a £99 + VAT SIPP on its Selftrade platform, aimed at retirement planners wanting to take advantage of the government’s new flexible pension rules.

25 Mar 2015

Average mortgage equity withdrawal up 94% year-on-year

Average mortgage equity withdrawal up 94% year-on-year

The average amount of equity withdrawn by remortgaging per customer rose to £26,862 in February – a 41% rise from January and 94% rise from February 2014 when the average amount was £13,833.

25 Mar 2015

TSC calls for further investigation into BoE liquidity auctions

iStock_000009992808Large.jpg

TSC calls for further investigation into BoE liquidity auctions

The Treasury Select Committee have called for further investigation into the independent inquiry surrounding the Bank of England's liquidity auctions during the financial crisis.

25 Mar 2015

BBA: February sees increased approvals

BBA: February sees increased approvals

The BBA's latest High Street banking statistics show that house purchase approvals are starting to trend upwards after slower demand in the second half of 2014.

25 Mar 2015

FCA's Martin Wheatley faces growing MP backlash

FCA's Martin Wheatley faces growing MP backlash

The Financial Conduct Authority's chief executive Martin Wheatley has reportedly lost the support of senior politicians who are questioning his ability to lead the regulator.

25 Mar 2015

Falling inflation causes housing market optimism

Falling inflation causes housing market optimism

House price optimism rebounded in February as inflation continued to fall and the expectation of an interest rate rise receded further.

25 Mar 2015

One in ten brokers turn down complex cases

One in ten brokers turn down complex cases

Around one in ten brokers say they will turn down cases which do not fit standard High Street lending criteria.

25 Mar 2015

Latest Money Careers

Popular this week