Latest News

Equity Release Club to host retirement road shows

Equity Release Club to host retirement road shows

The Equity Release Club has today announced it will host a series of training and development road shows to help advisers develop their propositions for the in- and at-retirement market following April's pension reforms.

07 Jan 2015

98% of advisers see dim future for annuities

98% of advisers see dim future for annuities

As demand for annuities continues to fall, new research by Aegon found that only 2% of 200 financial advisers expected annuities to be leading the market by 2025.

07 Jan 2015

New challenger bank to launch in early 2015

New challenger bank to launch in early 2015

Charter Court Financial Services - which includes Precise Mortgages and Exact Mortgage Experts - will launch Charter Savings Bank in early 2015 following the approval of its banking licence by the Prudential Regulation Authority.

07 Jan 2015

BoE admit crisis failures

BoE admit crisis failures

The Bank of England has today published the minutes of Court and related meetings from the crisis period of 2007-09, following their recent proposals to enhance transparency and accountability.

07 Jan 2015

3mc joins Dudley panel

3mc joins Dudley panel

Dudley Building Society, which lends exclusively through the intermediary channel, has today announced the appointment of 3mc to its panel of lending partners.

07 Jan 2015

Skipton launches sub-2% fee-free

Skipton launches sub-2% fee-free

Skipton Building Society is tomorrow launching a new residential two year discount mortgage range to 90% LTV with rates from 1.69%.

06 Jan 2015

F4B appoints new MD

F4B appoints new MD

First 4 Bridging has appointed Lorenzo Satchell as their new managing director.

06 Jan 2015

Virgin customer wins year mortgage-free

Virgin customer wins year mortgage-free

Following Virgin Money's 'Christmas Cracker' prize draw - in which customers whose mortgages completed between the 24th November and 1st January could win a year of mortgage repayments - a winner has been announced.

06 Jan 2015

Half of advisers don't use social media

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Half of advisers don't use social media

A survey of 225 financial advisers found that only 46% are using social media in a professional capacity, while only one in five (21%) consider social media use important for their business.

06 Jan 2015

Family BS cuts mortgage rates and proc fees

Family BS cuts mortgage rates and proc fees

The Family Building Society has announced interest rate cuts on its three and five year fixed rates available as part of its Family Mortgage product.

06 Jan 2015

 

BoE: mortgage demand dropped

BoE: mortgage demand dropped

The Bank of England's Credit Conditions Survey reported that mortgage demand decreased significantly in Q4 to its lowest level since 2008, despite lenders’ expectations of a rise.

06 Jan 2015

Half of homeowners unaware of rate rises

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Half of homeowners unaware of rate rises

Half of homeowners with variable rate mortgages aren’t aware that their repayments could rise next year, according to a report from Barclays and the Centre for Economics and Business Research.

06 Jan 2015

FOS to cut budget by 13%

FOS to cut budget by 13%

The Financial Ombudsman Service is planning to cut its budget by 13% to £221m.

06 Jan 2015

Housing shortage at post-war high

Housing shortage at post-war high

The ratio of new births to new homes has hit a post-war high and doubled across England and Wales compared with the 1950s to 1970s, according to analysis of government data by Genworth.

06 Jan 2015

FTBs up 50% since 2012

young ftb couple with boxes

FTBs up 50% since 2012

The number of first-time buyers increased by more than a fifth in 2014, growing by 22% and resulting in a 50% rise over the past two years.

06 Jan 2015

Stamp duty reforms save average FTB £781

Stamp duty reforms save average FTB £781

Recent stamp duty reforms have saved the average FTB £781, reducing the tax bill from £1,718 to £937 on an average priced FTB property of £171,870.

06 Jan 2015

Leeds BS increases proc fees

Leeds BS increases proc fees

Leeds Building Society are the latest lenders to increase procuration fees for all new applications.

05 Jan 2015

Fleet Mortgages opens for lending

Fleet Mortgages opens for lending

New buy-to-let and specialist lender, Fleet Mortgages, has today begun lending.

05 Jan 2015

CML criticises FCA's Mortgage Credit Directive plans

CML criticises FCA's Mortgage Credit Directive plans

The Council of Mortgage Lenders has identified four main areas of concern surrounding the Mortgage Credit Directive, which will be implemented in the UK by the Financial Conduct Authority in March 2016.

05 Jan 2015

Lloyds offers cashback to remortgage switchers

Mortgages

Lloyds offers cashback to remortgage switchers

Lloyds Bank is offering £500 cashback to remortgage customers towards the cost of moving their mortgage.

05 Jan 2015

BIBA launches free legal helpline

BIBA launches free legal helpline

The British Insurance Brokers’ Association has appointed Abbey Legal Protection to provide a free legal advice line for members, including specialist tax, health & safety and debt recovery advice.

05 Jan 2015

Stonehaven to host equity release seminars

Stonehaven to host equity release seminars

Stonehaven will be hosting a number of seminars aimed at financial advisers who are qualified to give advice on equity release, as well as professionals who are looking to get their equity release qualification or set up referral partnerships.

05 Jan 2015

Over 3 million fear missing mortgage payments

Over 3 million fear missing mortgage payments

New research from Shelter has revealed that one in nine rent or mortgage payers are worried they will be unable to make payments this January, equating to 3.2 million people across Britain.

05 Jan 2015

Paradigm announces joint venture partnership with Connells

Paradigm announces joint venture partnership with Connells

Paradigm Mortgage Services, has today announced a new joint venture partnership with Connells Survey & Valuation.

05 Jan 2015

SimplyBiz purchases surveying firm

SimplyBiz purchases surveying firm

SimplyBiz Group have completed the purchase of Home Information Group, a surveying firm offering valuation and panel management services.

05 Jan 2015

Virgin Money revamps mortgage range

Virgin Money revamps mortgage range

Virgin Money has today announced the launch of new products across its mortgage range, and reductions to existing rates.

05 Jan 2015

Ageas Protect sells for £197m

Ageas Protect sells for £197m

The sale of Ageas Protect Limited to AIG has today been completed for a total of £197 million.

05 Jan 2015

Pensioners should have right to sell annuities, says MP

Pensioners should have right to sell annuities, says MP

Liberal Democrat pensions minister Steve Webb has announced plans which would allow existing pensioners to sell their annuities for a lump sum.

05 Jan 2015

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