Latest News

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

Santander launches zero booking fee range from 1.99%

Santander launches zero booking fee range from 1.99%

Santander has today launched a series of zero booking fee two year fixed rate mortgages.

24 Feb 2015

Foundation Home Loans launches into BTL market

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Foundation Home Loans launches into BTL market

Foundation Home Loans has announced the launch of its BTL proposition today which is available exclusively through the intermediary market.

24 Feb 2015

IFA Conveyancing and The Source team up

IFA Conveyancing and The Source team up

Online conveyancing portal, IFA Conveyancing, have joined forces with The Source to offer brokers the ability to include Home Buyer Protection for their clients at the point of sale.

24 Feb 2015

Pension actuaries predict significant rise in ‘trivial commutation’

Pension actuaries predict significant rise in ‘trivial commutation’

There has been a significant increase in the number of pension schemes carrying out trivial commutation exercises since the Budget, reports Xafinity, as schemes look to de-risk and save costs.

23 Feb 2015

 

Platform announces further cuts to its fixed mortgages

Platform announces further cuts to its fixed mortgages

Intermediary lender of The Co-operative Bank, Platform, has announced today that it is to further reduce the rates on its fixed rate mortgages by up to 0.2%.

23 Feb 2015

Medically-underwritten annuities 'need careful consideration'

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Medically-underwritten annuities 'need careful consideration'

Xafinity has today said it has noted the significant increase in bulk annuities written by Just Retirement and Partnership in 2014.

23 Feb 2015

Two thirds benefit from Stamp Duty changes, say Nationwide

Two thirds benefit from Stamp Duty changes, say Nationwide

The changes to Stamp Duty announced in the Autumn Statement may help stimulate housing market activity, according to Nationwide data, with more than two thirds of buyers in England and Wales benefiting from the move.

23 Feb 2015

£500m of taxpayer money recovered in Lloyds share sale

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£500m of taxpayer money recovered in Lloyds share sale

The Chancellor has today announced that the government has sold a further £500m of Lloyds Banking Group shares through the trading plan that was launched in December 2014, taking the total amount of money recovered for the taxpayer from the bank to just under £8bn.

23 Feb 2015

New income protection product launched from Columbus Direct

New income protection product launched from Columbus Direct

Columbus Direct has announced today that it has launched a new direct to consumer income protection product.

23 Feb 2015

Complete FS predicts 'bumper' year for BTL

Complete FS predicts 'bumper' year for BTL

Complete FS, the national specialist lending packager, is looking at a bumper year for the BTL market in 2015.

23 Feb 2015

2015 will be 'ideal' for low fixed rates: Halifax

2015 will be 'ideal' for low fixed rates: Halifax

Borrowers currently on a standard variable rate could find substantial savings available by remortgaging, as well as the chance to fix a rate over the longer term and protect against rate rises in the future.

23 Feb 2015

Industry calls for independent Pensions Commission

Industry calls for independent Pensions Commission

A new report published today by the International Longevity Centre-UK and sponsored by Prudential, calls upon the next Government to introduce a new independent Pensions Commission to rebuild consensus-based policy making in pensions and tackle the substantial challenge of insufficient incomes in retirement.

23 Feb 2015

Halifax: homeowners stick to SVRs despite lowest ever fixes

Halifax: homeowners stick to SVRs despite lowest ever fixes

2015 is shaping up to be the ideal time to secure a low interest rate on a fixed rate mortgage.

21 Feb 2015

Annual retirement costs rise to over £11,000

Annual retirement costs rise to over £11,000

The average cost of being a pensioner is £11,200 a year, according to research by Key Retirement.

21 Feb 2015

In the Spotlight with Kevin Tunnicliffe, MD, SortRefer

In the Spotlight with Kevin Tunnicliffe, MD, SortRefer

We spoke to Kevin Tunnicliffe, Managing Director at SortRefer, about the conveyancing market post-MMR and the online experience for brokers.

20 Feb 2015

Co-op appoints first Independent Non-Executive Chair

Co-op appoints first Independent Non-Executive Chair

The Board of The Co-operative Group have announced the appointment of Allan Leighton as the Society’s first Independent Non-Executive Chair under the reformed governance structure.

20 Feb 2015

Al Rayan Bank appoints chairman

Al Rayan Bank appoints chairman

Al Rayan Bank PLC, formerly known as Islamic Bank of Britain, today announced the appointment of Robert Sharpe as Chairman.

20 Feb 2015

Enhanced annuity sales continue "downward spiral"

Enhanced annuity sales continue "downward spiral"

UK sales of enhanced annuities to people with a reduced life expectancy continued their downward spiral in the final quarter of 2014, according to research by Towers Watson.

20 Feb 2015

UK is experiencing a "two-speed housing market"

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UK is experiencing a "two-speed housing market"

UK house prices increased by 7.9% in the 12 months to January 2015, down from 8.1% from December 2014, according to the latest Hometrack House Price Cities Index.

20 Feb 2015

Accord makes further fixed-rate reductions

Accord makes further fixed-rate reductions

Accord Mortgages is today reducing rates on its fixed rate mortgages for borrowers with a 35% deposit.

20 Feb 2015

YBS launches lowest ever mortgage rate

YBS launches lowest ever mortgage rate

Yorkshire Building Society has today introduced its lowest ever mortgage rate, a 1.18% two-year fixed rate mortgage.

20 Feb 2015

Over half consider delayed retirement

Over half consider delayed retirement

Now in its eighth year, Prudential's ‘Class of 2015’ study illustrates that the phased or delayed retirements that became necessary for many during the financial crisis are now becoming accepted as the norm.

20 Feb 2015

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