Latest News

Lifetime mortgages become fastest growing product

Lifetime mortgages become fastest growing product

A record-breaking year for equity release in 2016 saw lifetime mortgages become the fastest growing segment of the mortgage market in terms of customer numbers, according Equity Release Council data.

17 Mar 2017

Yorkshire BS launches 0.99% fixed-rate

Yorkshire BS launches 0.99% fixed-rate

Yorkshire Building Society is launching a 0.99% two-year product - its lowest ever fixed rate and the only fixed rate product currently available at less than 1%.

16 Mar 2017

Bank of England votes 8-1 to maintain Bank Rate

Bank of England votes 8-1 to maintain Bank Rate

The Bank of England’s Monetary Policy Committee has voted by a majority of 8-1 to maintain Bank Rate at 0.25%, with Kristin Forbes voting to increase Bank Rate by 25 basis points.

16 Mar 2017

The domino effect: reviewing the stance on retention procuration fees

The domino effect: reviewing the stance on retention procuration fees

It has been a particularly interesting time for the intermediary mortgage market recently, thanks to mainstream mortgage lenders re-evaluating their stance on retention procuration fees. A review of the retention proposition for brokers is long overdue, so these recent developments will be welcome news for intermediaries across the country.

16 Mar 2017

Homeownership out of reach for two-thirds of self employed

Homeownership out of reach for two-thirds of self employed

Nearly two thirds (62%) of self-employed people do not know how they will manage to buy their first home whilst a third of recent first time buyers say they had to give up being self-employed to get a mortgage, according to new Aldermore research.

16 Mar 2017

Ipswich BS to consider zero hour contract mortgage applicants

Ipswich BS to consider zero hour contract mortgage applicants

Ipswich Building Society has amended its lending terms to allow creditworthy zero hour contract workers access to its range of mortgage products.

16 Mar 2017

1st Stop appoints Shawbrook's Philip George as NED

1st Stop appoints Shawbrook's Philip George as NED

1st Stop Group Limited has strengthened its Board with the appointment of Shawbrook Bank's Philip George as Non-Executive Director.

16 Mar 2017

New bridging lender joins the ASTL

New bridging lender joins the ASTL

Aspen Bridging is the latest member to join the Association of Short Term Lenders.

16 Mar 2017

Parliament to debate rental payments as proof of mortgage affordability

Parliament to debate rental payments as proof of mortgage affordability

A petition arguing that making rental payments is proof of ability to meet mortgage repayments has received over 100,000 signatures, meaning that it will be considered for debate in Parliament.

16 Mar 2017

The Senior Managers Regime extension – building a workforce you can count on

The Senior Managers Regime extension – building a workforce you can count on

As the Financial Conduct Authority extends its Senior Managers and Certification Regime, financial institutions need to ensure that both new hires and the existing workforce are up-to-code and risk free.

15 Mar 2017

 

Hammond axes self-employed NICs rise

Hammond axes self-employed NICs rise

Philip Hammond has scrapped plans to increase national insurance contributions for self-employed workers.

15 Mar 2017

Directors banned for 26 years over £2.2m landbanking scam

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Directors banned for 26 years over £2.2m landbanking scam

The directors of two companies which both traded as Option Four Group have been banned for a total of 26 years for operating a "worthless" landbanking scam.

15 Mar 2017

Equity release lending kicks off 2017 with 70% growth

Equity release lending kicks off 2017 with 70% growth

In the first two months of 2017, Responsible Equity Release has seen a 70% rise in new equity release plans compared to the same period in 2016, with 52% more homeowners releasing equity from their homes.

15 Mar 2017

Government reduces stake in Lloyds to below 3%

Government reduces stake in Lloyds to below 3%

The government has reduced its remaining shareholding in Lloyds Bank to below 3%.

15 Mar 2017

FTB market soars as buy-to-let activity hits five-year low

FTB market soars as buy-to-let activity hits five-year low

First-time buyer activity rose to from 28% to 36% of market activity in February, as buy-to-let purchases fell below 10% for the first time in five years, according to data from Connells Survey & Valuation.

15 Mar 2017

Zurich's Matthew Connell joins the CII

Zurich's Matthew Connell joins the CII

The Chartered Insurance Institute has appointed Matthew Connell as director of policy and engagement for both the CII and Personal Finance Society.

15 Mar 2017

Welsh Government moves to abolish Right to Buy

Welsh Government moves to abolish Right to Buy

The Welsh Government has proposed new legislation to abolish Right to Buy in a bid to increase the supply of social housing.

15 Mar 2017

Shawbrook launches over-55s interest-only range

Shawbrook launches over-55s interest-only range

Shawbrook Bank has announced the launch of its 55 Plus interest only mortgage, aimed at those who are nearing the end of their existing interest-only arrangement, but have an outstanding balance.

15 Mar 2017

Helping Jessie (and those like her)

Helping Jessie (and those like her)

I recently had a conversation with Jessie. She is in her late fifties and works as a specialist nurse in a GP Practice. Despite being in a well paid secure job, Jessie has a problem.

14 Mar 2017

FTB mortgage share hits post-crisis high

FTB mortgage share hits post-crisis high

The proportion of first-time buyers taking out a mortgage reached its highest level since Bank of England records began in 2007, according to its latest Mortgage Lenders and Administrators Statistics.

14 Mar 2017

Prudential sets aside £175m for annuity sales review

Prudential sets aside £175m for annuity sales review

Prudential has set aside a £175 million provision to cover the cost of a review into past non-advised annuity sales practices and related potential redress.

14 Mar 2017

One in five expect to retire with just £2,500

One in five expect to retire with just £2,500

One in five Brits (18%) expect to have less than £2,500 in cash savings when they retire, according to Nationwide research.

14 Mar 2017

The Nottingham launches self-build mortgage range

The Nottingham launches self-build mortgage range

The Nottingham is working in partnership with BuildStore Limited to offer two new mortgage products.

14 Mar 2017

Charlotte Hogg resigns as BoE Deputy Governor

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Charlotte Hogg resigns as BoE Deputy Governor

Charlotte Hogg has resigned from her post as Deputy Governor of the Bank of England just thirteen days into the role, after failing to disclose that her brother works for Barclays bank.

14 Mar 2017

Remortgage activity defies 'flat' January with 54% surge: CML

Remortgage activity defies 'flat' January with 54% surge: CML

The number of loans advanced for house purchase in January fell to its lowest monthly level since February 2015, but remortgage activity continued to rise, with activity up 54% by value and 46% by volume on December.

14 Mar 2017

Intermediary mortgage market sees record enquiries

Intermediary mortgage market sees record enquiries

The intermediary mortgage market saw a 26% increase in enquiries in Q4 as low rates drive borrower demand, according to the latest data from the Intermediary Mortgage Lender’s Association.

14 Mar 2017

Principality expands BDM team

Principality expands BDM team

Principality Building Society’s intermediaries division has appointed Eloise Hall as a field based business development manager for the Yorkshire and Humber area.

14 Mar 2017

The Mortgage Lender announces 1.95% 2-year tracker

The Mortgage Lender announces 1.95% 2-year tracker

The Mortgage Lender, has announced the launch of a 2-year tracker from 1.95%.

13 Mar 2017

Our Next Event

Buy-to-Let Roadshow July 2017

Buy-to-Let Roadshow July 2017

Newcastle - 18/07/2017

Bolton - 19/07/2017

Derby - 20/07/2017

Reading - 21/07/2017

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