Latest News

MAB team cycles to Paris for charity

Latest News

MAB team cycles to Paris for charity

Four employees of Mortgage Advice Bureau are teaming up with nine other cyclists and will be using their pedal power to embark on a challenging ride from London to Paris in three days, in aid of the Alex’s Wish charity.

23 Jul 2014

Skipton sells mortgage servicing arm for £47m

Mortgages

Skipton sells mortgage servicing arm for £47m

Skipton Building Society today announced the sale of Homeloan Management Limited, its mortgage servicing subsidiary, in a deal worth £47.5m.

23 Jul 2014

Zurich increases financial underwriting limits for life and CI insurance

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Zurich increases financial underwriting limits for life and CI insurance

Insurer Zurich has increased its financial evidence limits for customers applying for life and critical illness insurance, so that getting cover is quicker and easier for both advisers and their customers.

23 Jul 2014

LV= moves to fully electronic annuity process

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LV= moves to fully electronic annuity process

Retirement specialist LV= is the first provider to move to a fully electronic annuity application process with technology provider, TOMAS.

23 Jul 2014

FCA imposes ban on Financial Group for failing to control ARs

Latest News

FCA imposes ban on Financial Group for failing to control ARs

The FCA has used its suspension power for the first time, banning two of the Financial Group’s subsidiaries from recruiting new Appointed Representatives and individual advisers for a period of four and a half months.

23 Jul 2014

New rules set to 'break shackles on annuity design', says Just Retirement

Retirement

New rules set to 'break shackles on annuity design', says Just Retirement

Retirees seeking guaranteed income but scared they may die early and not get their investment returned are likely to be among the winners of the pension changes unveiled this week, predicts Just Retirement.

23 Jul 2014

Record-breaking P2P loan from LendInvest repaid

Record-breaking P2P loan from LendInvest repaid

LendInvest has today confirmed that its world record breaking peer-to-peer loan has now been repaid.

23 Jul 2014

Mortgage approvals rising after 4 months of decline: BBA

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Mortgage approvals rising after 4 months of decline: BBA

Gross mortgage borrowing of £11.2 billion was 24% higher than in June last year, according to the latest data from the BBA.

23 Jul 2014

Supplying the student rental market in England's Northeast

Supplying the student rental market in England's Northeast

[Blog from Sarah Woolf, Business Development Manager, Shawbrook Bank]

23 Jul 2014

Skipton cuts rates by up to 0.30%

Mortgages

Skipton cuts rates by up to 0.30%

Skipton Building Society will today reduce rates on selected 2, 3 and 5 year residential and buy to let fixed rate mortgages.

23 Jul 2014

 

68% fear mortgage rate rise in next 12 months

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68% fear mortgage rate rise in next 12 months

Legal & General’s latest Mortgage Mood survey has revealed that 68% of homeowners fear a mortgage rate rise in the next 12 months, but the majority of that group (45%) believe that rates won’t increase by more than 1%.

22 Jul 2014

Property market 'flattens out' in June: HMRC

Mortgages

Property market 'flattens out' in June: HMRC

The property market saw a 'flattening out' in June, although it is still much higher than 2013 levels, according to the latest data from HMRC.

22 Jul 2014

Global banks 'could face fines of up to £250bn by 2020'

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Global banks 'could face fines of up to £250bn by 2020'

The multi-million pound fines levied to date against global banks for breaking anti-money laundering rules and sanctions violations are the tip of the iceberg, according to data-as-a-service provider, Anomaly42.

22 Jul 2014

Final notice from FCA on £450,000 fine for senior banker

Latest News

Final notice from FCA on £450,000 fine for senior banker

The Financial Conduct Authority has today published a Final Notice for former JPMorgan banker Ian Hannam stating that it has fined him £450,000.

22 Jul 2014

Goldsmith Williams no longer accepting instructions directly from brokers

Legal

Goldsmith Williams no longer accepting instructions directly from brokers

Goldsmith Williams has announced that it is to focus on lender-introduced business and will no longer be accepting instructions directly from brokers and introducers.

22 Jul 2014

Lead generation this summer - don't get burnt

Lead generation this summer - don't get burnt

I was born in the southern hemisphere, the presence of sunshine or rather the lack of bad weather isn’t as much of a daily surprise to me as it is to some of my staff and clients.

22 Jul 2014

Looking at consumer activity data to boost lending

Matt Howe Mortgage 27

Looking at consumer activity data to boost lending

As time moves on and consumers embrace new technologies, laptops, pads, tablets, notebooks and all the other devices, both in existence and on the horizon, their behaviour has and continues to change.

22 Jul 2014

Secured lending increases 32.8% and sees 'game changing' new lender

Secured lending increases 32.8% and sees 'game changing' new lender

The first half of 2014 has seen secured lending volumes increase by 32.8%, according to the latest Secured Loan Index from Loans Warehouse.

22 Jul 2014

Comparison tool launched to help brokers demonstrate compliance

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Comparison tool launched to help brokers demonstrate compliance

Master broker Promise Solutions is set to launch a new comparison system this week that allows brokers to receive secured loan quotes from 20 lenders in less than 60 seconds in order to demonstrate they have properly considered a secured loan.

21 Jul 2014

Virgin cuts rates by up to 0.40%

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Virgin cuts rates by up to 0.40%

Virgin Money has made a number of rate reductions across its residential and buy-to-let range. All products will be available from Tuesday 22 July 2014.

21 Jul 2014

Pension reforms to offer millions free guidance

Retirement

Pension reforms to offer millions free guidance

Millions of people will benefit from a right to free and impartial guidance on how to make the most of the new pensions choices that come into effect in April 2015, George Osborne announced today.

21 Jul 2014

LV= to use Vizolution system

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LV= to use Vizolution system

Vizolution has announced today that LV= is to pilot the use of vScreen to deliver an augmented call centre experience using visuals in its life and broker insurance divisions.

21 Jul 2014

Berkeley Alexander tackle protection gap with quote system enhancements

Protection

Berkeley Alexander tackle protection gap with quote system enhancements

GI provider Berkeley Alexander, is taking the lead in tackling one of the insurance market’s big unknown risks by unveiling the latest enhancement to its online quote and buy system.

21 Jul 2014

The Mansfield launches new remortgage package with free valuation

Mortgages

The Mansfield launches new remortgage package with free valuation

The Mansfield Building Society has launched a new remortgage product, which offers free valuation and free legal fees.

21 Jul 2014

BTL demand triggers product numbers to soar

to let signs

BTL demand triggers product numbers to soar

Latest research from IRESS highlights that swelling demand for buy-to-let mortgages has triggered a surge in the number of buy-to-let products available on the market.

21 Jul 2014

House sales to FTBs down by 5%

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House sales to FTBs down by 5%

First time buyers are being squeezed further out the market, with house sales by this group down five percentage points, a 20% decrease in the last month alone, according to the National Association of Estate Agents.

21 Jul 2014

Hoyl Group launches new approach to PI underwriting

Protection

Hoyl Group launches new approach to PI underwriting

Hoyl Underwriting Management, part of the Hoyl Group, has announced the launch of a wholly new facility with its exclusive PI product for regulated firms.

21 Jul 2014

Average stamp duty to hit £7,500 by 2016

Mortgages

Average stamp duty to hit £7,500 by 2016

At the current rate of house price growth (10% a year) the buyer of an average UK home will be subject to a 3% stamp duty tax rate before the end of 2016, according to the latest Haart National Housing Market Monitor.

21 Jul 2014

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