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Minimum wage property options now available to another million people

Minimum wage property options now available to another million people

Over a million workers who are on minimum wage have received a welcomed pay rise this week, leading industry professionals to assess the affordability of property available to low income workers.

03 Oct 2014

Number of secured loan products soars

Number of secured loan products soars

Latest figures from the Loans Warehouse Secured Loan Index show that despite a lending drop in August, the number of lenders and products are now at a post-credit crunch high.

03 Oct 2014

Aldermore expected to make £800m on stock market debut

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Aldermore expected to make £800m on stock market debut

Following the announcement on 22 September 2014 of its intention to float, Aldermore Bank is confirmed to float on 17 October with the company targeting a valuation of around £800m.

03 Oct 2014

Almost half of young buyers unaware of HTB scheme

Almost half of young buyers unaware of HTB scheme

A survey of 1000 people actively looking for property to buy has provided further evidence that Generation Y is turning to family, rather than government schemes to get on the property ladder.

03 Oct 2014

Enhanced annuity rates suffer 5% drop

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Enhanced annuity rates suffer 5% drop

My Pension Expert research has revealed a 5.019% drop in Enhanced Annuity rates during the last 12 months.

03 Oct 2014

Prudential launches retirement modelling tool for advisers

Retirement

Prudential launches retirement modelling tool for advisers

Prudential plc has launched an online retirement modelling tool to help advisers give their clients simple answers to the complex questions about retirement planning.

03 Oct 2014

Blemain Group goes for growth as it celebrates 40 years

Blemain Group goes for growth as it celebrates 40 years

Specialist lender Blemain Group marked its 40th birthday by gathering brokers, financial intermediaries and industry professionals together for a celebration which saw the Group’s bosses highlight its appetite for further growth and its continued dedication to its customers.

02 Oct 2014

CML welcomes Help to Buy comments from FPC

CML welcomes Help to Buy comments from FPC

The Council of Mortgage Lenders welcomes the Financial Policy Committee's assessment to the Chancellor today that no changes are needed to the Help to Buy: mortgage guarantee scheme, which is working as intended, and not causing market distortions or any threat to financial stability.

02 Oct 2014

New lender joins CML

New lender joins CML

New BTL and specialist lender Fleet Mortgages has today announced its membership of lender trade association, the Council of Mortgage Lenders.

02 Oct 2014

Bank of England requests LTI cap powers

Bank of England requests LTI cap powers

The Bank of England has requested powers to require lenders to place limits on residential mortgage lending, including BTL, in respect of LTVs and debt to income ratios.

02 Oct 2014

 

HSBC to offer mortgages through brokers

HSBC to offer mortgages through brokers

From Monday 6 October, HSBC will start to offer its mortgages through a broker.

02 Oct 2014

Majority of brokers say lenders too risk averse post-MMR

Majority of brokers say lenders too risk averse post-MMR

Over seven out of 10 (72%) mortgage brokers believe lenders are now too risk averse as a result of the Mortgage Market Review, including 23% who say they have become excessively so, according to research commissioned by EDM Mortgage Support Services.

02 Oct 2014

Santander improves rates for existing mortgage customers

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Santander improves rates for existing mortgage customers

From Friday, Santander will be supporting its existing mortgage holders who are looking to move home with a range of exclusive new products.

02 Oct 2014

Wonga to write off 300,000 loans after FCA intervene

Wonga to write off 300,000 loans after FCA intervene

Wonga has entered into an agreement with the Financial Conduct Authority that requires it to make significant changes to its business immediately.

02 Oct 2014

Virgin Money to float on stock exchange

Virgin Money to float on stock exchange

Virgin Money has this morning announced its intention to float on the London Stock Exchange.

02 Oct 2014

Half of UK mortgage holders unprepared for rate rises

Half of UK mortgage holders unprepared for rate rises

UK mortgage holders are unprepared for potential increases in interest rates, new research from the Money Advice Service reveals.

02 Oct 2014

Skipton launches 7-day FTB sale

Mortgages

Skipton launches 7-day FTB sale

Skipton Intermediaries has pledged to get 250 first time buyers one step closer to getting the keys to their first home in an intermediary exclusive seven day sale.

01 Oct 2014

Quarter of self-employed refused mortgages

Quarter of self-employed refused mortgages

Almost a quarter of UK adults who have been self-employed for more than 12 months have been turned down for a mortgage, according to new research from Kensington, the specialist lender.

01 Oct 2014

Should brokers pick a lender based on proc fees?

Should brokers pick a lender based on proc fees?

Throwing stones is always dangerous, particularly if you’re a lender and you’re throwing them at brokers. But I am going to throw this stone.

01 Oct 2014

Barclays unveils limited edition mortgages

Barclays unveils limited edition mortgages

Barclays has refreshed its mortgage range for a limited time to offer products including a 2-year fix of 1.94% to 75% LTV.

01 Oct 2014

Intelliflo appoints ex-Avelo MD David Child as Interim Chief Operating Officer

Latest News

Intelliflo appoints ex-Avelo MD David Child as Interim Chief Operating Officer

Intelliflo has appointed David Child, former MD of the Exchange/Avelo (now Iress) as interim Chief Operating Officer, while former COO, Mike Clifford, moves to become Chief Product Officer.

01 Oct 2014

Canada Life enhances group protection insurance

Protection

Canada Life enhances group protection insurance

Canada Life has made enhancements to its group insurance which will benefit members and their families who have its group income protection and group critical illness products.

01 Oct 2014

Finance brokerage expand team following record year

Latest News

Finance brokerage expand team following record year

Finance brokerage Sensible Home Finance announced plans to build their sales team following a record financial year.

01 Oct 2014

IBB launches first government-backed Home Purchase Plan

IBB launches first government-backed Home Purchase Plan

Islamic Bank of Britain, the UK’s only wholly Sharia compliant retail bank, today announced the launch of its new Home Purchase Plan.

01 Oct 2014

Millions hide debt, savings and income from partners

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Millions hide debt, savings and income from partners

Couples are keeping their financial affairs secret from each other, and failing to come clean with their other halves about debts, savings, investments and even how much they earn, according to new research from Prudential.

01 Oct 2014

TMA launches profit share scheme

TMA launches profit share scheme

Mortgage club, TMA, has launched a profit share scheme in order to reward loyalty.

01 Oct 2014

Stonebridge selects Engage Mutual for protection panel

Protection

Stonebridge selects Engage Mutual for protection panel

Stonebridge Mortgage Solutions, the mortgage and insurance network, has added Engage Mutual’s over 50 life cover to its protection panel.

30 Sep 2014

Skipton reduces 3- and 5-year fixed rates

Skipton reduces 3- and 5-year fixed rates

Skipton Building Society will tomorrow reduce interest rates on many of its current residential 3- and 5-year fixed rate mortgages.

30 Sep 2014

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