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Furness launches Advance Stage Payment self-build mortgages

Furness launches Advance Stage Payment self-build mortgages

Furness Building Society has launched a new range for self-builders who are looking for an Advance Stage Payment mortgage.

17 Jul 2017

FCA: lenders improving on ensuring customer understanding

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FCA: lenders improving on ensuring customer understanding

An FCA review into customer understanding at retail banks and building societies has praised firms for developing systems and practices to assess customer understanding of particular products.

17 Jul 2017

Former Barclays mortgage MD joins Gatehouse Bank

Former Barclays mortgage MD joins Gatehouse Bank

Gatehouse Bank, a Shariah-compliant Bank based in London, has announced a raft of changes to the Board.

17 Jul 2017

18-24 year olds saving more than any other generation

18-24 year olds saving more than any other generation

Young adults are more likely to be saving regularly than any other generation, according to Aldermore research.

17 Jul 2017

'Exposed' advisers urged to review discretionary agreements

'Exposed' advisers urged to review discretionary agreements

The Personal Finance Society is urging financial advisers to review their discretionary investment management (DIM/DFM) agreements amid fears that thousands may be working with inadequate terms.

17 Jul 2017

FCA to investigate adviser platform use

FCA to investigate adviser platform use

The FCA's Investment Platforms Market Study will investigate competition between platforms as use by financial advisers and consumers continues to increase.

17 Jul 2017

North-South divide re-emerges as house prices slip further

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North-South divide re-emerges as house prices slip further

House prices fell further in June, declining for the third month in a row with average values now down £2,358 in the last quarter, according to the latest Your Move house price index.

17 Jul 2017

In the Spotlight with Chris Schutrups, The Mortgage Hut

In the Spotlight with Chris Schutrups, The Mortgage Hut

We spoke to Chris Schutrups, Group Managing Director of the Mortgage Hut, about how the uncertain economic outlook will continue to affect the housing market and the solutions on offer for self-employed, limited company directors and contractors.

14 Jul 2017

Are 'insistent clients' piling on the DB transfer pressure?

Are 'insistent clients' piling on the DB transfer pressure?

More than two out of five of advisers (44%) have seen a rise in the number of insistent clients wanting to push ahead with defined benefit pension transfers despite recommendations not to, according to Prudential research.

14 Jul 2017

Saffron For Intermediaries strengthens sales team

Saffron For Intermediaries strengthens sales team

Saffron For Intermediaries has promoted Holly Dennis to the role of Business Development Manager to further strengthen its intermediary sales team.

14 Jul 2017

 

Accord opens BTL range to first-time landlords

Accord opens BTL range to first-time landlords

From today, Accord’s buy-to-let mortgage range will be available to those buying a property to let for the first time.

14 Jul 2017

FCA fines compliance officer £75,000 for pension transfer failings

FCA fines compliance officer £75,000 for pension transfer failings

The FCA has fined David Watters £75,000 for "failing to exercise due skill, care and diligence" in his role as a compliance oversight officer at at FGS McClure Watters and Lanyon Astor Buller.

14 Jul 2017

High-LTV mortgage rates increase while product choice dwindles

High-LTV mortgage rates increase while product choice dwindles

Those who are only able to put down a 5% deposit continue to have "far less product choice and pay increasingly more for their loans" than those who are able to put down 25%, according to AmTrust.

14 Jul 2017

CII to launch new pension transfers qualification

CII to launch new pension transfers qualification

The Chartered Insurance Institute is preparing to launch a new pension transfers qualification following the FCA's proposals to tighten advice requirements for the transfer of safeguarded benefits.

14 Jul 2017

L&G appoints Head of IFA Sales for lifetime mortgages

L&G appoints Head of IFA Sales for lifetime mortgages

Legal & General has announced the appointment of Rob Miles to the role of Head of IFA Sales of its lifetime mortgage business.

14 Jul 2017

Financial services vacancies up 30%

Financial services vacancies up 30%

Vacancies within financial services increased by almost a third (29.4%) during the three months to May 2017, despite a 2.1% dip year-on-year, according to a report from APSCo.

14 Jul 2017

Over half to work past State Pension Age: Prudential

Over half to work past State Pension Age: Prudential

For a fifth year in a row, more than half of people planning to retire this year will consider working past their State Pension age.

14 Jul 2017

Secure Trust Bank raises maximum LTV to 85%

Secure Trust Bank raises maximum LTV to 85%

Secure Trust Bank has raised the loan-to-value on a selection of its residential mortgages.

13 Jul 2017

Government reintroduces MPAA cuts

Government reintroduces MPAA cuts

Treasury Minister Mel Stride has confirmed that the government plans to reintroduce Budget cuts to pensions tax relief with effect from April 2017.

13 Jul 2017

Retired homeowners release £1.25bn of equity in H1

Retired homeowners release £1.25bn of equity in H1

Retired homeowners cashed in £1.25 billion of property wealth in the first half of 2017 at a rate of £6.9 million a day, according to Key Retirement research.

13 Jul 2017

Lenders predict drop in availability of 90% LTVs

Lenders predict drop in availability of 90% LTVs

Lenders expect a slight reduction in the availability of secured credit over the next three months, which is expected to affect borrowers with LTV ratios of more than 75% and in particular those with a LTV ratio of more than 90%.

13 Jul 2017

Is the London market being distorted by the £600,000 HTB cap?

Is the London market being distorted by the £600,000 HTB cap?

The London housing market is being "badly distorted" by the £600,000 upper threshold of the Help To Buy Scheme which is pushing prices up for first-time buyers, according to estate agent James Pendleton.

13 Jul 2017

Political uncertainty stifling market as supply hits new low: RICS

Political uncertainty stifling market as supply hits new low: RICS

House price inflation dropped further in June and there is "little encouragement" for sales activity which is declining alongside new buyer enquiries and new instructions, according to the latest RICS UK Residential Market Survey.

13 Jul 2017

Bankhall launches mortgage and protection compliance solution

Bankhall launches mortgage and protection compliance solution

Bankhall has launched a new mortgage, protection and general insurance compliance support solution for directly FCA authorised firms.

13 Jul 2017

TMW cuts rates by up to 0.30%

TMW cuts rates by up to 0.30%

The Mortgage Works, the specialist buy-to-let arm of Nationwide, has cut rates on selected two-year tracker products by up to 0.30% and five-year fixed rates by up to 0.15%.

13 Jul 2017

Financial advice leaves consumers £40,000 better off

Financial advice leaves consumers £40,000 better off

Consumers who take financial advice are accumulating significantly more financial assets and pension wealth than their unadvised peers, according to research from the International Longevity Centre and Royal London.

13 Jul 2017

CHL's John Truswell joins Together

CHL's John Truswell joins Together

Together has appointed John Truswell as head of national accounts.

13 Jul 2017

RBS to pay £4.2bn fine over US mortgage-backed securities

RBS to pay £4.2bn fine over US mortgage-backed securities

RBS has reached a settlement with the US Federal Housing Finance Agency to pay $5.5 billion (£4.2 billion) in exchange for the FHFA dropping its outstanding litigation against the bank.

12 Jul 2017

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