Latest News

Clydesdale Bank fined £20 million for 'serious' PPI failings

Clydesdale Bank fined £20 million for 'serious' PPI failings

The Financial Conduct Authority ( has today fined Clydesdale Bank £20,678,300 for serious failings in its Payment Protection Insurance complaint handling processes between May 2011 and July 2013.

14 Apr 2015

Inflation remains at 0.0%, show ONS figures

Inflation remains at 0.0%, show ONS figures

The UK's inflation rate remained at a record low of 0% in March, official figures from the ONS show.

14 Apr 2015

ifs University College launches pensions transfer qualification

ifs University College launches pensions transfer qualification

In response to a growing demand, a new qualification for professionals wishing to offer advice on pension transfers has been launched by ifs University College.

14 Apr 2015

CML: Buy to let sees slow but steady growth in February

CML: Buy to let sees slow but steady growth in February

According to the latest figures from the Council of Mortgage Lenders, gross buy-to-let advances in February totalled 15,900 loans, down 13% compared to January but up 11% compared to February 2014.

14 Apr 2015

CML: Lending to FTBs still falls short of pre-crisis levels

CML: Lending to FTBs still falls short of pre-crisis levels

New CML data on the characteristics of lending in February of 2015 showed first-time buyer lending was the second highest level in the month of February since 2007, behind only last year's February level. However, there were still 13% fewer loans advanced in 2014 compared to lending levels seen in 2007.

14 Apr 2015

CML: House purchase lending drops in February

CML: House purchase lending drops in February

New CML data on the characteristics of lending in February of 2015 broken down by trends to first-time buyers, home movers, remortgaging and buy-to-let.

14 Apr 2015

Savers expecting annual income of £13,100 from pension

Savers expecting annual income of £13,100 from pension

Retirement savers are targeting an average annual income of £13,100 from their private pension funds despite currently having just £59,000 in their fund, research from leading specialist over-55s provider Key Retirement shows.

14 Apr 2015

PFS call for greater consumer and adviser protection

PFS call for greater consumer and adviser protection

The Personal Finance Society want to see greater protection for both the public and the advice profession regarding flexibility to transfer out of defined benefit pension schemes.

14 Apr 2015

HTB2 deposits keep rising to 10-month high

HTB2 deposits keep rising to 10-month high

Average deposits for house purchases using the Help to Buy mortgage guarantee reached a 10 month high in February according to new data from Mortgage Advice Bureau.

14 Apr 2015

Simon Stern joins Fluent Money

Simon Stern joins Fluent Money

Bolton-based Fluent Money has appointed Simon Stern to its team as a non-executive director.

13 Apr 2015

 

GE Money Home Lending to be sold

GE Money Home Lending to be sold

GE Capital has put its specialist lending subsidiary, GE Money Home Lending, up for sale as part of a plan to offload its capital assets.

13 Apr 2015

Tesco Bank slashes mortgage rates

Tesco Bank slashes mortgage rates

Tesco Bank has cut a number of its mortgage rates, including its 2, 3 year and 5 year fixed rate and 2 year tracker mortgages - making them some of its lowest ever rates, after making cuts of up to 0.8 percentage points.

13 Apr 2015

Mortgage rates drop by up to 30% in six months

Mortgage rates drop by up to 30% in six months

Figures released today from Mortgage Brain’s quarterly product data analysis show a widespread drop in mortgage rates for all main product types over the past six months.

13 Apr 2015

Peter Brodnicki: Specialisation is the way forward

Peter Brodnicki: Specialisation is the way forward

When I look at the most successful businesses operating under MAB, a vast majority of the highest performing ones have built tiers of specialisation to ensure a far more consistent customer experience, which not unsurprisingly leads to higher adviser productivity.

13 Apr 2015

Equity release IFA pulls out of takeover deal

Equity release IFA pulls out of takeover deal

A takeover deal between equity release specialist Bower Retirement Services and IFA Sixty Plus has been dropped after the advice firm decided to pull out.

13 Apr 2015

The General Election is putting first-time buyers into the spotlight

Richard Sexton - esurv

The General Election is putting first-time buyers into the spotlight

First-time buyers represent a larger slab of the electorate than ever before. And the housing crisis – one of the most emotionally charged subjects in the media – is one their most pertinent and pressing concerns.

13 Apr 2015

Bellpenny acquires £31m FUM adviser

Bellpenny acquires £31m FUM adviser

National wealth manager Bellpenny announced today that it has acquired Winchester-based City Wealth Management Independent Financial Advisers Ltd.

13 Apr 2015

PMS launches with Newcastle Building Society Intermediary Services

PMS launches with Newcastle Building Society Intermediary Services

Members of PMS now have access to Newcastle Building Society Intermediary Services’ range of products.

13 Apr 2015

New product launches to measure UK bridging trends

New product launches to measure UK bridging trends

Representatives from the bridging finance industry have come together and launched a new report highlighting the latest trends shaping the UK’s bridging finance market.

13 Apr 2015

'Are we going to abandon mortgage prisoners?', asks Dudley chief exec

'Are we going to abandon mortgage prisoners?', asks Dudley chief exec

Dudley Building Society’s Chief Executive, Jeremy Wood, believes that the loss of the FCA’s transitional rules for the treatment of ‘mortgage prisoners’, due to European insistence, is another example of compliance rules working against rather than for the best interests of customers.

13 Apr 2015

In The Spotlight with Nicola Mooney, The Lending Wizard

In The Spotlight with Nicola Mooney, The Lending Wizard

We spoke to Nicola Mooney, Operations Manager for sales and processing at Freedom Finance, about her new role, the importance of online portals, and regulatory changes in the market.

10 Apr 2015

HLP adds Marsden BS to its lender panel

HLP adds Marsden BS to its lender panel

HomeLoan Partnership will now have immediate access to Marsden Building Society’s exclusive range of mortgage products.

10 Apr 2015

Zopa returns £50m in interest to consumers

Zopa returns £50m in interest to consumers

Peer-to-peer lending platform Zopa has today announced it has returned a total of over £50m in interest to UK consumers since launch, in the same week it also passes £800m in total lifetime lending.

10 Apr 2015

Slowdown in house building causes FTB concern

Slowdown in house building causes FTB concern

In February 2015, private house building decreased by 1.6% compared with January 2015, according to the ONS.

10 Apr 2015

Ipswich BS launches Retirement Mortgage Programme

shutterstock_128908430.jpg

Ipswich BS launches Retirement Mortgage Programme

Ipswich Building Society has launched its Retirement Mortgage Programme, offering all of its mortgage products to those in retirement as well as to borrowers aged up to 85 years old at the time of their mortgage term ending.

10 Apr 2015

Just 1% of retirees will spend their pension on luxuries

Just 1% of retirees will spend their pension on luxuries

Fears of luxury spending by pensioners able to access their pension pots for the first time this week appear to be unfounded, with just 1% of 50-75 year olds saying they will use the entirety of their pot to “treat themselves”, according to a PwC-commissioned poll of 1,200 UK adults.

10 Apr 2015

TISA publishes new ISA guidelines

TISA publishes new ISA guidelines

TISA, in conjunction with the British Bankers Association and the British Societies Association, has published a set of guidelines to help individuals understand the new rules, which came into effect on 6 April 2015, granting people additional ISA allowances following the death of a spouse or civil partner.

10 Apr 2015

Voting closes today for the #FRAwards - don't miss your chance to vote!

Voting closes today for the #FRAwards - don't miss your chance to vote!

You have until midnight today to cast your votes in this year's Financial Reporter Industry Awards.

10 Apr 2015

Latest Money Careers

Popular this week

Specialist Lending Roadshow 2017

20th - 28th September

4 days
7 specialists
4 locations
Free to attend

Click here to register now