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Looking back or looking forward - MMR, one year on

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Looking back or looking forward - MMR, one year on

It has been one year since the much-discussed Mortgage Market Review landed upon the UK mortgage market, amid varying degrees of concern about its effects on homebuyers and lenders alike.

26 Apr 2015

4 in 10 worry about providing supporting evidence post-MMR

4 in 10 worry about providing supporting evidence post-MMR

4 in 10 (39%) of those surveyed thought they would not find it easy to provide all supporting evidence of expenditure information needed when applying for a mortgage, according to research from credit information provider, Equifax, conducted in collaboration with What Mortgage.

25 Apr 2015

In the Spotlight with Harpal Singh, Broker Conveyancing

In the Spotlight with Harpal Singh, Broker Conveyancing

We spoke to Harpal Singh, Managing Director of Broker Conveyancing, about a post-MMR industry and the greater recognition of conveyancing as an opportunity for advisory firms.

24 Apr 2015

BM Solutions cuts BTL rates

BM Solutions cuts BTL rates

BM Solutions has reduced the rates across its two, three, and five year buy to let and let to buy fixed and tracker rate product ranges by up to 0.5%.

24 Apr 2015

Bower Retirement Services appoints head of business development

Bower Retirement Services appoints head of business development

Equity release adviser firm Bower Retirement Services has further strengthened its management team by appointing Georgina Oxton to the newly created role of Head of Business Development.

24 Apr 2015

Halifax cuts high LTV rates

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Halifax cuts high LTV rates

Halifax Intermediaries has reduced rates by up to 0.4% on its higher end loan to value two and five year fixed rates.

24 Apr 2015

Accord launches limited edition mortgage range

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Accord launches limited edition mortgage range

Accord Mortgages has today launched a range of limited-edition, fixed-rate mortgages, available for one week only.

24 Apr 2015

HSBC to consider its future in the UK

HSBC to consider its future in the UK

In its Annual General Meeting statement issued this morning, HSBC said it would be looking into moving its headquarters out of the UK.

24 Apr 2015

New pensions advice body to launch

New pensions advice body to launch

Retirement Income Alliance, a new body focused on enabling better retirements for all, aims to offer the public and employers high quality, objective resources to enable them to gain a better understanding of the options for securing and maintaining an adequate income in retirement.

24 Apr 2015

Confidence bounces back as house price increases slow

Confidence bounces back as house price increases slow

While house price growth continued to slow in March 2015, consumer confidence in the outlook for the housing market has rebounded to its highest level since July last year, according to the latest quarterly Halifax Housing Market Confidence Tracker.

24 Apr 2015

 

Q1 equity release lending hits record high

Q1 equity release lending hits record high

The equity release sector has had a record breaking start to the year with Q1 figures from the Equity Release Council showing the largest first quarter lending total ever.

24 Apr 2015

Borrowers alter spending habits to beat MMR rules

Borrowers alter spending habits to beat MMR rules

With Sunday marking the 12-month anniversary since the introduction of MMR, research by MoneySuperMarket has shown that prospective borrowers are changing their spending habits in a bid to pass the tighter lending criteria.

24 Apr 2015

Chelsea BS reduces five-year fixes

Chelsea BS reduces five-year fixes

Chelsea Building Society is reducing rates buy up to 0.25% for borrowers with 35% deposits looking for a five-year fixed rate mortgage.

23 Apr 2015

FCA fines Deutsche Bank £227m for Libor failings

FCA fines Deutsche Bank £227m for Libor failings

The Financial Conduct Authority has handed Deutsche Bank a £227 million fine, its largest ever for Libor and Euribor related misconduct.

23 Apr 2015

Airdrie Savings Bank joins L&G Mortgage Club

Airdrie Savings Bank joins L&G Mortgage Club

Airdrie Savings Bank is celebrating its first year of serving the intermediary community in Scotland by launching with Legal & General Mortgage Club.

23 Apr 2015

iPipeline launches new retirement planning solution

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iPipeline launches new retirement planning solution

iPipeline has unveiled RetirementBuilder, which enables advisers to review their client’s pension pot and how to best package these options at retirement.

23 Apr 2015

Precise launches BTL exclusives for Paradigm

Precise launches BTL exclusives for Paradigm

Paradigm Mortgage Services' members will have exclusive access to two buy-to-let products from Precise Mortgages which allow the borrower to have a limited amount of adverse credit history.

23 Apr 2015

Aldermore joins HTB equity loan scheme

Aldermore joins HTB equity loan scheme

Aldermore is joining the Help to Buy: equity loan scheme and has today launched a new product, available directly to consumers as well as through a number of specially chosen distribution partners.

23 Apr 2015

Yorkshire BS reduces FTB mortgage rates

Yorkshire BS reduces FTB mortgage rates

Yorkshire Building Society is reducing first time buyer mortgage rates by up to 0.30%.

23 Apr 2015

CML: mortgage lending up 21% in March

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CML: mortgage lending up 21% in March

The Council of Mortgage Lenders estimates that gross mortgage lending reached £16.5 billion in March - 21% higher than February (£13.6 billion), and 7% higher than March last year (£15.4 billion).

23 Apr 2015

BoE: BTL growth overtakes other mortgage lending

BoE: BTL growth overtakes other mortgage lending

The latest Trends in Lending report from the Bank of England shows that overall, gross secured lending was higher in 2014 than in recent years and within this, the share of gross lending for buy-to-let purposes has increased.

23 Apr 2015

Pension reforms cause "sharp rise" in financial advice demand

Pension reforms cause "sharp rise" in financial advice demand

Accountants have experienced a sharp rise in demand for financial advice over the past 12 months, according to research from Investec Wealth & Investment, with more than a third (37%) experiencing an increase in demand for advice.

23 Apr 2015

Smart Money supports FCA's second charge rate rule

Smart Money supports FCA's second charge rate rule

Smart Money, the second charge and bridging distributor, has welcomed the FCA’s move to no longer require second charge lenders to obtain the interest rate on a client’s first charge mortgage.

23 Apr 2015

Responsible Equity Release: #FRAwards are a great accolade

Responsible Equity Release: #FRAwards are a great accolade

Responsible Equity Release has won the prestigious Financial Reporter Award for Best Equity Release Broker.

23 Apr 2015

FCA fines Merrill Lynch International £13.2m for transaction reporting failures

FCA fines Merrill Lynch International £13.2m for transaction reporting failures

Merrill Lynch International has been fined £13,285,900 by the Financial Conduct Authority for incorrectly reporting 35,034,810 transactions and failing to report another 121,387 transactions between November 2007 and November 2014.

22 Apr 2015

Kensington extends max age on resi mortgages

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Kensington extends max age on resi mortgages

Kensington Mortgages has today announced changes to its criteria, including raising its maximum age for the end of its residential mortgage term to 75 years.

22 Apr 2015

Intermediaries' mortgage market confidence increases "significantly"

Intermediaries' mortgage market confidence increases "significantly"

Mortgage intermediaries’ confidence about the prospects for the mortgage market has increased significantly, according to research from NatWest Intermediary Solutions.

22 Apr 2015

FSE Glasgow 2015 - Shawbrook Bank Academy, Secured Lending

FSE Glasgow 2015 - Shawbrook Bank Academy, Secured Lending

The first Shawbrook Bank Academy took place at the recent FSE Glasgow, giving advisors a 360 degree education in specialist lending.

22 Apr 2015

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