Latest News

Remortgagors capitalise on competitive rates

Remortgagors capitalise on competitive rates

Almost two in three (65%) of those who remortgaged their properties in February did so in order to access lower mortgage rates, according to research from LMS, highlighting that shrewd borrowers are keen to capitalise on the competitive rates currently available.

30 Mar 2015

BoE data reveals "improving mortgage market"

BoE data reveals "improving mortgage market"

The latest Bank of England Money and Credit statistics show that February saw an increase in loan approvals for house purchase and remortgaging.

30 Mar 2015

Lenders adopt Mortgage Brain's product data analysis

Lenders adopt Mortgage Brain's product data analysis

An increasing number of mortgage lenders have adopted customised versions of Mortgage Brain’s mortgage product data analysis.

30 Mar 2015

Investigation launched into pension data sale

Investigation launched into pension data sale

An investigation is being launched into claims that millions of retirees' salaries, investment values and pension details are being sold without consent.

30 Mar 2015

PFS urges FCA to address retirement advice gap

PFS urges FCA to address retirement advice gap

The Personal Finance Society have written to the government and the FCA urging them to address the issue of ‘insistent clients’ acting against professional advice - or run the risk of creating a potential access to advice shortage and a future mis-selling scandal.

30 Mar 2015

Halifax launches new remortgage products

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Halifax launches new remortgage products

Halifax Intermediaries has made significant reductions across it’s entire product range for first-time buyers, homemovers, and remortgagors, and launched a £250 cashback offer on first-time buyer products, in addition to a fee free remortgage offering.

30 Mar 2015

Wealthy retirees plan part-time work over raiding pension pots

Wealthy retirees plan part-time work over raiding pension pots

Almost a million wealthy retirees nationwide plan to work part-time rather than raid their substantial pension pots, despite the pension freedoms allowing them to do so from April 6.

29 Mar 2015

Savers lose £153m of tax free interest every year

Savers lose £153m of tax free interest every year

Despite having an estimated £8.4 billion of deposits available in their instant access and personal current accounts, Cash ISA customers are not making the most of their tax free savings accounts, according to the latest research from Halifax.

28 Mar 2015

Why I Love #FRAwards - Kevin Paterson, The Source

Why I Love #FRAwards - Kevin Paterson, The Source

In last year's Financial Reporter Industry Awards, The Source won our Best Insurance Provider award.

27 Mar 2015

In the Spotlight with Roland McCormack, Intermediary Director at TSB

In the Spotlight with Roland McCormack, Intermediary Director at TSB

We spoke to Roland McCormack, Intermediary Director at TSB about rate rises and the challenges affecting brokers in the current market.

27 Mar 2015

 

MCD: lifetime mortgages could be caught by new rules

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MCD: lifetime mortgages could be caught by new rules

In the final rules for the Mortgage Credit Directive published today, the FCA confirmed that lifetime mortgages will remain exempt from the MCD.

27 Mar 2015

MCD: Bridging firms could still fall under new rules, warns FCA

MCD: Bridging firms could still fall under new rules, warns FCA

In today’s policy paper published by the FCA, the regulator has stated that some bridging firms may still need to prepare to adhere to the Mortgage Credit Directive, despite having exercised its right to shield bridging lending from the new rules.

27 Mar 2015

MCD: Firms will be given six-month headstart to implement rules

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MCD: Firms will be given six-month headstart to implement rules

The Financial Conduct Authority has today has published its Policy Statement setting out its final rules for implementation of the Mortgage Credit Directive, including the new regime for second charge mortgages.

27 Mar 2015

MCD: All remortgagors must undergo affordability assessments

MCD: All remortgagors must undergo affordability assessments

In the final rules for the Mortgage Credit Directive published today, the FCA stated that there was a "compatibility issue between the MCD and our existing responsible lending regime", and have changed the rules meaning that all consumers who re-mortgage with a new lender must undergo stricter affordability assessments, even if they are not looking to borrow more.

27 Mar 2015

MCD: FCA retracts proposed first-charge rate rule for second charge lenders

MCD: FCA retracts proposed first-charge rate rule for second charge lenders

The FCA's final rules for the Mortgage Credit Directive have been published today, with the regulator having amended its original proposals on the requirement for second charge lenders to consider the impact of rate rises on the first charge mortgage.

27 Mar 2015

Registration opens for FSE Manchester

Registration opens for FSE Manchester

Registration for FSE Manchester, the only financial services show to take place in the North West, is now open.

27 Mar 2015

Accord cuts FTB rates

Accord cuts FTB rates

Accord Mortgages is helping first time buyers get on the property ladder by reducing mortgage rates for borrowers with a 5% deposit.

27 Mar 2015

Land Registry: house prices just £800 below 2007 peak

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Land Registry: house prices just £800 below 2007 peak

The February Land Registry data shows an annual price increase of 6.5%, taking the average property value in England and Wales to £180,252 compared with the peak of £181,083 in November 2007.

27 Mar 2015

Shareholders back £5.6bn Aviva and Friends Life merger

Shareholders back £5.6bn Aviva and Friends Life merger

Aviva and Friends Life have announced that each company’s shareholders have approved the acquisition of Friends Life by Aviva, with 99.79% of the Aviva Shareholders and 94.39% of Friends Life’s Scheme Shareholders votes cast in favour of the acquisition.

27 Mar 2015

Halifax reduces rates across mortgage range

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Halifax reduces rates across mortgage range

Halifax has reduced product rates across first-time buyer, home mover, Help to Buy Mortgage Guarantee Scheme and remortgage products by up to 0.25%.

27 Mar 2015

Kensington completes £497m securitisation

Kensington completes £497m securitisation

Specialist lender Kensington has closed its first securitisation in three years, raising £497 million for further expansion.

27 Mar 2015

Annual house price growth continues to soften

Annual house price growth continues to soften

UK house prices edged up by 0.1% in March, though the annual pace of growth slowed for the seventh month in a row to 5.1% from 5.7% in February.

27 Mar 2015

Home affordability deteriorates to 2009 levels

Home affordability deteriorates to 2009 levels

The past year has seen a deterioration in affordability in UK cities, driven by rising house prices across the country, according to the Lloyds Bank Affordable Cities Review.

27 Mar 2015

FTBs make increasing sacrifices to get on the ladder

FTBs make increasing sacrifices to get on the ladder

The housing crisis is creating growing anger and desperation among would-be first-time buyers, with over half willing to sacrifice spaces including garages, dining rooms and utility rooms in their search for an affordable first property.

27 Mar 2015

Treasury Committee: FCA has not learnt lessons from media blunder

Treasury Committee: FCA has not learnt lessons from media blunder

In December 2014, the FCA published a report by Simon Davis into its mishandling of a pre-briefing of its Life Insurance Review in March 2014.

27 Mar 2015

FCA to raise fees by 8.4%

FCA to raise fees by 8.4%

The Financial Conduct Authority have said that its 2015/16 funding requirement is £481.6m, up from £446.4m in 2014/15 - and it has proposed an 8.4% rise in fees to meet this increase.

26 Mar 2015

MAB profits up 31%

MAB profits up 31%

In its full year 2014 results released today, Mortgage Advice Bureau revealed that revenue rose 41% to £56.6m and pre-tax profits increased by 31% to £6.88m.

26 Mar 2015

Teachers BS launches 'Back on Track' mortgage

Teachers BS launches 'Back on Track' mortgage

Teachers Building Society has launched a new ‘Back on Track’ mortgage for those who have experienced a financial glitch in their credit history.

26 Mar 2015

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