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Intermediaries feeling 'very confident'

Intermediaries feeling 'very confident'

Optimism in business outlook returned in at the end of last year, with a lift in intermediaries feeling ‘very confident’ about the business outlook for their own firm and the intermediary sector in general.

27 Feb 2015

FTB deposits at 18-month high after stamp duty changes

FTB deposits at 18-month high after stamp duty changes

First-time buyer deposits have climbed 15% in a year to average almost £30,000, driven by lower stamp duty bills for new buyers, according to the latest First Time Buyer Tracker from Your Move and Reeds Rains.

27 Feb 2015

Friends Life and Virgin Money launch life insurance product

Friends Life and Virgin Money launch life insurance product

Friends Life and Virgin Money have launched the first in their range of Life Insurance products. The products will be available through Virgin Money and will be underwritten by Friends Life.

27 Feb 2015

Natwest cuts rates on intermediary range by up to 0.94%

Natwest cuts rates on intermediary range by up to 0.94%

NatWest Intermediary Solutions will be making significant rate reductions across the vast majority of its residential mortgage range tomorrow, including its higher LTV deals for first time buyers and those using the Government Help to Buy and New Buy schemes.

26 Feb 2015

SortRefer app sees positive broker feedback

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SortRefer app sees positive broker feedback

SortRefer, the online conveyancing portal, which launched its app as an extension to its award winning conveyancing service for intermediaries at the beginning of February, has reported steady take up of the new app.

26 Feb 2015

RBS mortgage lending up 37% despite reporting losses

RBS mortgage lending up 37% despite reporting losses

UK state-owned bank RBS has today reported growth of 37% in gross mortgage lending due to a boost in its adviser business, despite also posting a profit loss of £3.5bn in 2014.

26 Feb 2015

Brokers expect bridging boost this year

Brokers expect bridging boost this year

The majority of brokers operating in the bridging sector expect to increase their bridging business volumes in 2015.

26 Feb 2015

UK GDP growth confirmed at 0.5%: ONS

UK GDP growth confirmed at 0.5%: ONS

The Office for National Statistics has today confirmed its estimate of UK GDP for Q4, published last month, was correct at 0.5%.

26 Feb 2015

A fifth of those planning to withdraw pension looking to invest in property

A fifth of those planning to withdraw pension looking to invest in property

A new survey has revealed that over a third (38 per cent) of people over 50 are planning to take advantage of new pension freedoms coming into effect in April to access additional funds from their pension pot at 55.

26 Feb 2015

Mortgage brokers return to online advertising with confidence

Mortgage brokers return to online advertising with confidence

Mortgage brokers are buying more leads, loosening loan to value filters to include more applying consumers, and are experimenting with new types of online advertising, in a further encouraging sign of a recovery in the mortgage market.

26 Feb 2015

 

73% of homes sell below asking price in January

73% of homes sell below asking price in January

Buyers have the power to negotiate again, as nearly three quarters of houses in January were sold at less than asking price, found the National Association of Estate Agents' January Housing Market Report.

26 Feb 2015

Two thirds remortgaged for lower rates in January, says LMS

Two thirds remortgaged for lower rates in January, says LMS

Almost two-thirds (62%) of remortgage customers in January remortgaged to take advantage of the new lower mortgage rates that are currently on offer, according to research from LMS.

26 Feb 2015

Why I Love #FRAwards - Front Events

Why I Love #FRAwards - Front Events

Last year Front Events won our Best Industry Event award, for its Financial Services Expo shows in London, Manchester, and now Glasgow. We spoke to Front Events managing director James Prosser about why winning a Financial Reporter award was important to them.

25 Feb 2015

YBS reduces rate on 95% LTV fixed rate

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YBS reduces rate on 95% LTV fixed rate

Yorkshire Building Society is reducing rates on its two-year fixed rate mortgage at 95% LTV to help first-time buyers get on the property ladder.

25 Feb 2015

Advisers turning to portfolio analysis platforms post-RDR

Advisers turning to portfolio analysis platforms post-RDR

More than three in five (61%) intermediaries are increasingly using third party portfolio analysis tools to improve their services as a result of RDR, according to a new study by Investec Wealth & Investment.

25 Feb 2015

Rob Jupp: Specialist lending is no longer a sideshow

Rob Jupp: Specialist lending is no longer a sideshow

In 2015, the lending world is anticipating another year of progress marked by keenly priced product offerings and an almost daily announcement of new lenders. All seems set fair for a further consolidation on the gains of the past three years and to push on to even greater lending heights.

25 Feb 2015

CML: Welsh mortgage lending remains steady

CML: Welsh mortgage lending remains steady

New CML data on the characteristics of lending in Wales in the fourth quarter of 2014 show it remains largely consistent with the previous two quarters of lending.

25 Feb 2015

CML: 25% more first-time buyers in Northern Ireland in 2014

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CML: 25% more first-time buyers in Northern Ireland in 2014

New CML data on the characteristics of lending in Northern Ireland in the fourth quarter of 2014 saw house purchase and remortgage lending up on the previous quarter.

25 Feb 2015

CML: FTB lending in Scotland up 23% in 2014

CML: FTB lending in Scotland up 23% in 2014

New CML data on the characteristics of lending in Scotland in the fourth quarter of 2014 show a decline quarter-on-quarter and year-on-year in house purchase but an increase in first-time buyers compared to the fourth quarter of 2013.

25 Feb 2015

CML: House purchase and remortgage levels down in London

CML: House purchase and remortgage levels down in London

New CML data on the characteristics of lending in Greater London in the fourth quarter of 2014 show a decline in the level of house purchase and remortgage lending both year-on-year and quarter-on-quarter.

25 Feb 2015

Mortgage approvals up 9% despite December slowdown: BBA

Mortgage approvals up 9% despite December slowdown: BBA

According to BBA data released this morning, gross mortgage borrowing in December was £10.0 billion – 12% lower than in the same month last year. However, over the whole year, gross mortgage borrowing was £130 billion compared with £110 billion in 2013.

25 Feb 2015

Ezbob parent company acquires commercial lender

Ezbob parent company acquires commercial lender

Orange Money Ltd, which trades as Ezbob in the UK, has announced the purchase of Everline, to create what it claims is now the UK’s largest online commercial lender.

25 Feb 2015

Product rush sees 95% LTV rates at post-crisis low

Product rush sees 95% LTV rates at post-crisis low

A rush of product launches meant the number of 95% loan–to-value mortgages increased by almost a third (29%) from 141 in October 2014 to 182 in January 2015, according to the latest Genworth / Moneyfacts Mortgage LTV Tracker.

25 Feb 2015

Yorkshire Building Society achieves record mortgage lending

Yorkshire Building Society achieves record mortgage lending

Yorkshire Building Society Group has today announced a strong financial performance in 2014, its 150th anniversary year, as it achieved record gross and net mortgage lending and a record core operating profit.

24 Feb 2015

Coventry Intermediaries cuts rates by up to 0.20%

Coventry Intermediaries cuts rates by up to 0.20%

Coventry Intermediaries has today announced cuts in rates by 0.20%.

24 Feb 2015

FCA fines Aviva Investors £17.6m for control failings

FCA fines Aviva Investors £17.6m for control failings

The Financial Conduct Authority has fined Aviva Investors Global Services Limited £17,607,000 for systems and controls failings that meant it failed to manage conflicts of interest fairly.

24 Feb 2015

HMRC: Residential transactions dip in January

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HMRC: Residential transactions dip in January

There has been a decrease in the number of residential transactions in January 2015, according to the latest figures from HMRC.

24 Feb 2015

Remortgage applications up 24% in January boost

Remortgage applications up 24% in January boost

Following months of sluggish activity, the remortgage market experienced a long-awaited boost in January with applications up 24% in the month and 17% year-on-year, according to the National Mortgage Index from Mortgage Advice Bureau – the UK's best-known broker brand.

24 Feb 2015

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