Latest News

MPs consider Guardianship Bill for missing borrowers

MPs consider Guardianship Bill for missing borrowers

The Guardianship (Missing Persons) Bill, due to be considered today by a committee of MPs, could help lenders who currently can be prevented by confidentiality rules and legal obligations from making pragmatic arrangements in a customer’s absence.

21 Feb 2017

Residential transactions see 4.9% monthly rise: HMRC

Residential transactions see 4.9% monthly rise: HMRC

The number of residential property transactions increased by 4.9% between December 2016 and January 2017, according to the latest HMRC data.

21 Feb 2017

Vida Homeloans cuts BTL rates by up to 1.15%

Vida Homeloans cuts BTL rates by up to 1.15%

Vida Homeloans has reduced its buy-to-let product rates by up to 1.15%, with two-year trackers from just 3.49% and two-year fixes from 3.59%.

21 Feb 2017

Teachers BS appoints Simon Beresford as CEO

Teachers BS appoints Simon Beresford as CEO

Teachers Building Society has appointed Blackrock's Simon Beresford as Chief Executive.

21 Feb 2017

Two thirds of advisers expect rise in pension scams

Two thirds of advisers expect rise in pension scams

More than two out of three advisers believe that pension scamming will continue to grow this year, according to a Momentum Pensions poll.

21 Feb 2017

Openwork enhances protection advice process

Openwork enhances protection advice process

Openwork has introduced Personalised Risk Reports to help advisers emphasise the importance of protection to clients taking out a mortgage.

21 Feb 2017

HSBC profits fall 62% in 2016

HSBC profits fall 62% in 2016

HSBC has reported a 62.3% fall in its pre-tax profits to $7.1bn - $11.8bn lower than in 2015.

21 Feb 2017

Number of conveyancing firms rises for first time in five years

Number of conveyancing firms rises for first time in five years

The total number of conveyancing firms operating in the market broke a five year trend of annual decline in 2016, according to Search Acumen research.

21 Feb 2017

OneFamily to enter Lifetime ISA market

OneFamily to enter Lifetime ISA market

OneFamily has today announced its intention to enter the Lifetime ISA market during 2017.

21 Feb 2017

IMLA report reveals key issues affecting lender-broker relationships

IMLA report reveals key issues affecting lender-broker relationships

A new discussion paper from the Intermediary Mortgage Lenders Association explores the relationship between mortgage lenders and brokers in the UK, as well as the steps that could be taken to improve them.

20 Feb 2017

 

Monmouthshire BS launches Help to Buy Wales range

Monmouthshire BS launches Help to Buy Wales range

Monmouthshire Building Society has launched new two year discount rate products at 1.39% as well as a range of Help to Buy Wales specific products.

20 Feb 2017

Atom Bank Digital Mortgages appoints two BDMs

Atom Bank Digital Mortgages appoints two BDMs

Atom Bank, who launched its mortgage proposition through the 'Digital Mortgages by Atom Bank' brand, has added two Regional Business Development Managers to its intermediary team.

20 Feb 2017

Leeds BS to launch broker retention fees

Leeds BS to launch broker retention fees

Leeds Building Society has announced plans to introduce retention procuration fees later this year.

20 Feb 2017

Nationwide to pay retention proc fees

Nationwide to pay retention proc fees

Nationwide Building Society has announced plans to pay mortgage brokers a procuration fee for retention business.

20 Feb 2017

Falling 10-year fixed rates save borrowers over £3,500

Falling 10-year fixed rates save borrowers over £3,500

Price cuts on 10-year fixed rate mortgages have saved borrowers more than £3,500 over the last year - equivalent to five months of repayments or nine months ‘interest free’, according to new analysis by Private Finance.

20 Feb 2017

House prices see lowest annual rise since 2013

House prices see lowest annual rise since 2013

House prices saw a "surprisingly" modest 2% rise in February - the smallest increase in this month since 2009, according to the latest Rightmove house price index.

20 Feb 2017

Fears of rate rise drives remortgage increase, says LMS

Fears of rate rise drives remortgage increase, says LMS

Conveyancing service provider LMS has released analysis that shows the number of remortgagors who anticipate a rate rise has risen dramatically in the last 12 months.

20 Feb 2017

Savings gap between buying and renting narrows in 2016

Savings gap between buying and renting narrows in 2016

The annual savings for first-time buyers compared to those who rent has fallen from £879 in 2015 to £651 in 2016, according to research by Halifax.

20 Feb 2017

RBS abandons Williams & Glyn sale in £750m govt deal

RBS abandons Williams & Glyn sale in £750m govt deal

The Government has proposed a new plan that would see RBS spend around £750m to boost banking competition instead of selling Williams & Glyn.

20 Feb 2017

Barclays launches tailored mortgage for entrepreneurs

Barclays launches tailored mortgage for entrepreneurs

Barclays Wealth & Investments has launched a new mortgage proposition tailored for UK entrepreneurs and founders of high growth businesses.

20 Feb 2017

Women in Finance Supper Club sees industry women discuss ambition and working culture

Women in Finance Supper Club sees industry women discuss ambition and working culture

Last night saw Barcadia Media’s first Women in Finance Supper Club event, held in Fulham, and brought together over twenty women from a cross-section of the industry to discuss the challenges and opportunities available to women in financial services.

17 Feb 2017

The price of ignorance

The price of ignorance

As an association of brokers, we have a responsibility to tell our members what is expected of them, and to check they’re reaching and exceeding the minimums standards. What’s a lot more difficult than that, is when we want to give the same hard stance with nationally recognised lenders.

17 Feb 2017

Harlequin Group chairman charged with fraud by SFO

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Harlequin Group chairman charged with fraud by SFO

The SFO has today charged David Ames, chairman of the Harlequin Group of companies, with three counts of Fraud by Abuse of Position, contrary to section 1 of the Fraud Act 2006.

17 Feb 2017

2017 - a year for the flexible and prepared

2017 - a year for the flexible and prepared

It’s about this time of the year that we begin to get some real evidence on just how 2016 played out in terms of housing transaction numbers, gross lending levels and house price rises (or falls).

17 Feb 2017

Accord launches ERC-free tracker

Accord launches ERC-free tracker

Accord Mortgages is launching a new tracker mortgage with no early repayment charges.

17 Feb 2017

Firm enters £12.5m redress scheme over GI sales

Firm enters £12.5m redress scheme over GI sales

A direct mail order and online business with permission to sell general insurance products has agreed to provide £12.5m redress to approximately 330,000 customers who were sold insurance that the FCA says offered "little or no value".

17 Feb 2017

L&G Mortgage Club launches exclusive deals with Leeds BS

L&G Mortgage Club launches exclusive deals with Leeds BS

Legal & General Mortgage Club has announced a range of exclusive shared ownership and interest only deals with Leeds Building Society.

17 Feb 2017

House price sentiment hits post-referendum high

House price sentiment hits post-referendum high

The majority of households across the UK perceive that the value of their home rose over the last month, according to the latest House Price Sentiment Index from Knight Frank and IHS Markit.

17 Feb 2017

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