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CML: Welsh market shows strong FTB growth

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CML: Welsh market shows strong FTB growth

New CML data on the characteristics of lending in Wales in the third quarter of 2014 show it remains driven primarily by lending for house purchase, with first-time buyers in particular showing strong year-on-year growth.

26 Nov 2014

Retirees using lump sums to pay off debts

Retirees using lump sums to pay off debts

MGM Advantage has published new research showing how retirees use pension lump sums to pay off debt, which indicates how pension cash unlocked following the new freedoms available from April 2015 could be used.

26 Nov 2014

Insurance guide launched for the 'sharing economy'

Insurance guide launched for the 'sharing economy'

The British Insurance Brokers’ Association and Beachcroft DAC have launched an insurance guide to the sharing economy which aims to help overcome the insurance barriers that sharing businesses and individuals have faced when sharing items or skills such as car journeys, renting properties or lending tools.

26 Nov 2014

Leeds BS changes criteria to permit s106 lending

Leeds BS changes criteria to permit s106 lending

Leeds Building Society is changing its lending criteria to benefit borrowers whose properties are subject to Section 106 Agreements.

26 Nov 2014

£32bn of mortgage debt for bereaved homeowners highlights protection gap

£32bn of mortgage debt for bereaved homeowners highlights protection gap

Bereaved British homeowners are struggling under the weight of huge mortgage debts after losing a key bill payer, a study from Legal & General Mortgage Club has warned.

25 Nov 2014

Nucleus launches bespoke annuity platform

Nucleus launches bespoke annuity platform

The shake-up of the retirement market has resulted in a number of providers turning away from annuities, but Nucleus, the leading adviser-influenced wrap, claims there is still a place for annuities and has launched a bespoke annuity portal onto its platform.

25 Nov 2014

Jerrold Holdings extends securitisation programme to £675m

Jerrold Holdings extends securitisation programme to £675m

Jerrold Holdings Limited, the secured lender to the residential and commercial property sectors, is pleased to announce that it has successfully extended its revolving Securitisation programme, while also increasing the facility size to £675 million from £435 million.

25 Nov 2014

West Brom to increase 2- and 5-year max loan size to £1m

West Brom to increase 2- and 5-year max loan size to £1m

Building society the West Brom has announced changes to its lending criteria, increasing maximum loan sizes from its current limit of £500,000.

25 Nov 2014

SAGA slams mortgage 'age discrimination'

Mortgages

SAGA slams mortgage 'age discrimination'

Following the report from the Intermediary Mortgage Lenders Association published yesterday that claims even those in their forties are having trouble getting a mortgage, Saga expert Paul Green has called the situation 'crazy'.

25 Nov 2014

FSE London 2014 - Phil Jeynes, Pru Health

FRTV

FSE London 2014 - Phil Jeynes, Pru Health

Phil Jeynes, Pru Health, spoke to Financial Reporter at the recent FSE London show about the effects of the Gender Directive and RDR on protection sales, the problems with simplified critical illness products, and tackling the mortality protection gap in the UK.

25 Nov 2014

 

Bank adviser numbers drop 11%

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Bank adviser numbers drop 11%

The number of advisers in bank and building society branches has continued to fall, recent FCA data shows.

25 Nov 2014

Mortgage market continues to cool: BBA

Mortgage market continues to cool: BBA

The slowdown in the mortgage market continues, with house purchase approvals 16% lower than in October last year, according to the latest figures from the BBA. There were also fewer approvals for remortgaging and equity release.

25 Nov 2014

Paragon reports 82% increase in BTL completions

Paragon reports 82% increase in BTL completions

Paragon Mortgages’ parent company, The Paragon Group of Companies, has today released its full-year results and revealed pre-tax profits of £122.2 million, an 18.1% increase on the previous year (2013: £103.5 million).

25 Nov 2014

Remortgage sees worst October in four years

Remortgage sees worst October in four years

The value of remortgage loans has dropped by a fifth to £3.5bn, the lowest amount since June 2013 and the worst October since 2010, according to the latest LMS Remortgage Report.

25 Nov 2014

True Potential sees 837% growth in five years

True Potential sees 837% growth in five years

True Potential has been ranked as the fastest growing financial and technology services company headquartered outside London.

24 Nov 2014

96% of brokers expect 'no change' from FCA regulations

96% of brokers expect 'no change' from FCA regulations

According to research by United Trust Bank, when asked what impact the new FCA regulations will have on their businesses an overwhelming 96% of brokers said it would have no change or just a slight change to their business levels.

24 Nov 2014

BSA: Diversity in UK financial services is declining

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BSA: Diversity in UK financial services is declining

The Building Societies Association has today published a report on diversity in financial services. The report demonstrates that despite initiatives by the government, the decline in the diversity of UK financial services is continuing.

24 Nov 2014

Santander unveils platform launch plans

Santander unveils platform launch plans

Santander UK is set to launch a direct-to-consumer platform in 2015, which will be aimed at both traditional ‘retail’ and high net worth clients.

24 Nov 2014

Brighton gazumping capital of Britain

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Brighton gazumping capital of Britain

Although our nation’s capital may be top of the pile where house prices are concerned, research by online estate agent eMoov.co.uk has found that it is in fact Brighton that leads the way as the gazumping capital of Britain.

24 Nov 2014

Mortgage firm launches 'large mortgage' advice service

Mortgage firm launches 'large mortgage' advice service

Mortgage and insurance firm Unusual Risks have launched a ‘large mortgage’ advice service called Unusual Mortgages, which it claims will beat the competition on fees.

24 Nov 2014

Scottish Life adopts Royal London brand

Scottish Life adopts Royal London brand

Scottish Life has today unveiled a new-look pensions business as it moves under the Royal London brand.

24 Nov 2014

IMLA calls for MMR clarity on 'non-standard' lending

IMLA calls for MMR clarity on 'non-standard' lending

Fears of a future clampdown by regulators are preventing mortgage lenders from offering loans that stretch into people’s retirement, according to a new report from the Intermediary Mortgage Lenders Association.

24 Nov 2014

Friends Life announce IP enhancements

Friends Life announce IP enhancements

Friends Life has become the first provider to offer Family Carer Benefit as part of its income protection proposition, providing cover to a policy holder’s partner or child if they need full time care.

24 Nov 2014

Clydesdale and Yorkshire banks set for £2bn floatation

Clydesdale and Yorkshire banks set for £2bn floatation

Yorkshire and Clydesdale banks are set for a £2 billion flotation, as their owner the National Australia Bank prepares to exit the UK.

24 Nov 2014

Friends Life's share prices soar after £5.6bn merger talks

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Friends Life's share prices soar after £5.6bn merger talks

Friends Life has seen its share price increase by 5.81% since the announcement that it is in talks with Aviva over a possible £5.6bn merger deal.

24 Nov 2014

SMS adds The Mansfield to lending panel

SMS adds The Mansfield to lending panel

Solent Mortgage Services has added The Mansfield Building Society to its panel of lenders.

24 Nov 2014

Lloyds: Consumer confidence score second highest on record

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Lloyds: Consumer confidence score second highest on record

The Lloyds Bank Spending Power Report for October finds that consumer confidence has increased to reach its second highest score since the start of the index, climbing five points to 151.

24 Nov 2014

Qualifications in consumer debt collection

Qualifications in consumer debt collection

[SPECIAL FEATURE: ifs Learning]

21 Nov 2014

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