Latest News

Furness BS appoints new Head of Products

Furness BS appoints new Head of Products

Furness Building Society has announced the appointment of Euan Ballantyne in a new role as Head of Products.

24 Mar 2017

DAs set to respond in force to FSCS consultation, says TMA

DAs set to respond in force to FSCS consultation, says TMA

With a week to go before the FSCS consultation closes, research from TMA Mortgage Club reveals that nearly half (47%) of Directly Authorised advisers are planning on responding to the paper.

24 Mar 2017

February's higher volumes show year-on-year rise in mortgage market

February's higher volumes show year-on-year rise in mortgage market

In February, gross mortgage borrowing totalled £13.4bn according to the British Bankers' Association - 2.5% higher than the same period last year.

24 Mar 2017

House price growth in cities slows to 6.4%

House price growth in cities slows to 6.4%

A house price index from Hometrack UK shows that house price inflation in cities is 1.2% lower, at 6.4%, than it was in 2016.

24 Mar 2017

New Street overhauls BTL proposition including 125% rental cover

New Street overhauls BTL proposition including 125% rental cover

New Street Mortgages has made comprehensive changes to its buy-to-let proposition which will be effective as of the 28th March.

24 Mar 2017

Age Partnership launches app for its business partners

Age Partnership launches app for its business partners

Age Partnership has launched a new app, iRefer, for its business partners which will give them the ability to refer clients whilst on the move.

24 Mar 2017

New 'super' trade body to be named UK Finance

New 'super' trade body to be named UK Finance

The new trade body, which merges six existing associations, has been named UK Finance - Representing UK Finance and Banking, by unanimous decision from its interim Main Board.

23 Mar 2017

MT Finance announces £125m loan acquisition deal

MT Finance announces £125m loan acquisition deal

MT Finance Limited has today announced it has entered into a relationship with an unnaned global institutional investment manager which will initially acquire £125m of bridging loan assets from the lender, with an option to acquire a further £125m.

23 Mar 2017

TFC Homeloans partners with Axis Bank

TFC Homeloans partners with Axis Bank

Packager TFC Homeloans has linked up with specialist buy-to-let lender Axis Bank UK.

23 Mar 2017

Mortgage affordability improving despite house price rises: MAB

Mortgage affordability improving despite house price rises: MAB

New research from Mortgage Advice Bureau suggests that mortgage affordability is improving, despite ongoing increases in house prices in many areas of the UK.

23 Mar 2017

 

Advisers see 'surge in demand' for ISA transfers

Advisers see 'surge in demand' for ISA transfers

Advisers are seeing a surge in demand for ISA transfers as savers worry about a lack of real savings choice, new research from MetLife shows.

23 Mar 2017

Scrap pensions 'triple lock', says Cridland report

Scrap pensions 'triple lock', says Cridland report

The state pension age should be pushed back a year to 68 to cut the UK’s £100bn a year pension costs and scrap the 'triple lock', according to an independent review by John Cridland which was commissioned by the government.

23 Mar 2017

Gross mortgage lending reaches £18.2bn in February: CML

Gross mortgage lending reaches £18.2bn in February: CML

The Council of Mortgage Lenders estimates that gross mortgage lending reached £18.2 billion in February. This is 8% lower than January’s lending total of £19.8 billion, and closely matches the £18.1 billion lent in February last year.

23 Mar 2017

Furness BS scraps ICR for buy to let

Furness BS scraps ICR for buy to let

Furness Building Society has scrapped ICR for buy to let assessments and also launched a new range of BTL products.

23 Mar 2017

Magellan agrees to distribute products via TMA

Magellan agrees to distribute products via TMA

Magellan Homeloans, the specialist mortgage lender, has reached agreement to distribute its range of mortgage products via The Mortgage Alliance.

23 Mar 2017

Over-65s property wealth at new high

Over-65s property wealth at new high

New analysis from Key Retirement has highlighted that over-65 homeowners’ property wealth has hit a new record of £1.072tr.

22 Mar 2017

Hinckley & Rugby announce 23% surge in net mortgage applications

Hinckley & Rugby announce 23% surge in net mortgage applications

At today’s 151st AGM in Hinckley, the Society revealed that net mortgage applications totaled £48m from December 1 2016 to February 28 2017. At the end of February the mortgage book stood at £559m, £19m higher than at the start of December.

22 Mar 2017

Protection sales up 14% during 2016

Protection sales up 14% during 2016

According to the latest analysis from Equifax Touchstone, the protection market saw sales rise to £521m during 2016 - a rise of 13.9% from the 2015 total of £457.3m.

22 Mar 2017

Groundbreaking Women in Finance Charter adds 33 new firms

Groundbreaking Women in Finance Charter adds 33 new firms

Another 33 firms have signed up to the government’s ground-breaking Women in Finance Charter.

22 Mar 2017

VitalityLife announces enhancements to its Serious Illness Cover

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VitalityLife announces enhancements to its Serious Illness Cover

VitalityLife today announced three new and innovative enhancements to its Serious Illness Cover product that the firm believes will lead to more claims and, therefore, more pay outs for customers.

22 Mar 2017

Accord introduces 1.25% 2-year fix

Accord introduces 1.25% 2-year fix

Accord Mortgages has today launched a competitive fixed rate mortgage for borrowers with a 35% deposit.

22 Mar 2017

Third of homeowners are still on an SVR, L&C reveals

Third of homeowners are still on an SVR, L&C reveals

L&C Mortgages today reveals that over a third (36%) of homeowners are still on a Standard Variable Rate mortgage.

22 Mar 2017

The Exeter pays 94% of IP claims in 2016

The Exeter pays 94% of IP claims in 2016

Income protection insurer, The Exeter, has released its income protection claims statistics for 2016. The headline statistics shows that 94% of all claims received were paid during the year.

22 Mar 2017

FSE Glasgow: Broker proc fees 'still too low'

FSE Glasgow: Broker proc fees 'still too low'

Taking part in a panel debate at today’s Financial Services Expo Glasgow, John Coffield of Paradigm Mortgage Services said he believed procuration fees paid by lenders to advisers were still too low.

21 Mar 2017

How prevalent is bad advice? (Part I)

How prevalent is bad advice? (Part I)

Bad advice takes many different forms and has evolved over the years. But what does it look like now, and what can and should be done about it?

21 Mar 2017

FSE Glasgow: Are seconds a 'mile away from where they need to be'?

FSE Glasgow: Are seconds a 'mile away from where they need to be'?

The second-charge market has plenty of scope to develop but needs to keep pushing the education message if it wants to grow, according to Alistair Ewing of The Lending Channel.

21 Mar 2017

FSE Glasgow: There are too many lenders in the market, argues Sinclair

FSE Glasgow: There are too many lenders in the market, argues Sinclair

Mortgage intermediaries who want to see growth throughout 2017 and 2018 should look towards the remortgage market and should prioritise their existing clients in order to generate business, according to Chief Executive of the Association of Mortgage Intermediaries, Robert Sinclair.

21 Mar 2017

Residential transactions drop 0.7%: HMRC

Residential transactions drop 0.7%: HMRC

The number of residential property transactions decreased by 0.7% between January 2017 and February 2017, according to the latest data from HMRC.

21 Mar 2017

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