Latest News

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

2014 sees highest level of FTBs since 2007

Mortgages

2014 sees highest level of FTBs since 2007

The number of first-time buyers in the first six months of 2014 reached their highest level since 2007, according to the bi-annual Halifax First-Time Buyer Review.

19 Jul 2014

 

Nathan Ellis-Calcott, BDM - North, at The Loans Engine

In The Spotlight

Nathan Ellis-Calcott, BDM - North, at The Loans Engine

Financial Reporter had a chat with The Loans Engine's new BDM for the North, Nathan Ellis-Calcott, about new regulation and improving your client offering.

18 Jul 2014

FSE Manchester 2014 - Paul Darwin, Skipton Building Society

In The Spotlight

FSE Manchester 2014 - Paul Darwin, Skipton Building Society

At the recent FSE Manchester expo, we spoke to Paul Darwin, Head of Intermediary Sales at Skipton Building Society.

18 Jul 2014

UK banks to face competiton probe

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UK banks to face competiton probe

Essential parts of the UK retail banking sector lack effective competition and do not meet the needs of personal consumers or SMEs, two studies by the Competition and Markets Authority, published today, have found.

18 Jul 2014

Mortgage approvals slow down: BoE Trends in Lending report

Mortgages

Mortgage approvals slow down: BoE Trends in Lending report

Mortgage approvals fell in the three months to May, according to the latest figures from the Bank of England.

18 Jul 2014

Rent growth remains stable at 1.4%

to let signs

Rent growth remains stable at 1.4%

According to from LSL's latest Buy-to-Let Index, rents have risen at just 1.4% and tenant arrears have improved over the last 12 months.

18 Jul 2014

Mortgage lending growth slows in June: CML

Mortgages

Mortgage lending growth slows in June: CML

The Council of Mortgage Lenders estimates that gross mortgage lending reached £17.5 billion in June.

18 Jul 2014

UTB expands team to launch new professional lending product

UTB expands team to launch new professional lending product

United Trust Bank is continuing to expand its short term lending into new markets by appointing Kevin Flowerday to launch a new Professional Lending product.

18 Jul 2014

Pensioner millonaires on the up - but 12% are worth less than £40,000

Pensioner millonaires on the up - but 12% are worth less than £40,000

More than one million pensioner households in the UK now have total wealth of more than £1m according to analysis by Prudential of the latest ONS data for 2010-2012.

18 Jul 2014

Paragon completes securitisation

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Paragon completes securitisation

Paragon Mortgages’ parent company, the Paragon Group, has completed its latest securitisation.

17 Jul 2014

TMA offers three exclusives with Skipton Intermediaries

Mortgages

TMA offers three exclusives with Skipton Intermediaries

TMA, LSL’s DA mortgage club for directly authorised advisers has launched three exclusive products with Skipton Intermediaries.

17 Jul 2014

Scotland's Help to Buy scheme runs out of money

Mortgages

Scotland's Help to Buy scheme runs out of money

The Scottish government's Help to Buy scheme has run out of money for this financial year, just three months after a new round started.

17 Jul 2014

Insurance Bill introduced to modernise 100-year old rules

Protection

Insurance Bill introduced to modernise 100-year old rules

The government has today introduced the Insurance Bill to Parliament, which will 'modernise' the 100 year-old rules governing contracts between businesses and insurers.

17 Jul 2014

80% of consumers don't know P2P is FCA-regulated

80% of consumers don't know P2P is FCA-regulated

Four in five consumers don’t know peer-to-peer finance is regulated by the FCA despite the massive growth of alternative finance and a new framework for regulation being adopted recently, a new study has shown.

17 Jul 2014

AToM revamps its retirement mortgage at 4.5%

Mortgages

AToM revamps its retirement mortgage at 4.5%

Specialist mortgage packager/distributor AToM has announced the launch of a revamped exclusive mortgage initiative in conjunction with one of its Complex Prime Lenders.

17 Jul 2014

Accord cuts rates on resi range by up to 0.25%

Mortgages

Accord cuts rates on resi range by up to 0.25%

Accord Mortgages has reduced interest rates on selected residential products by up to 0.25%.

17 Jul 2014

SimplyBiz launches unsecured loan offering

SimplyBiz launches unsecured loan offering

Following an increase in demand from members for an unsecured loan offering, SimplyBiz Mortgages has selected existing partner, The Loans Engine, as its preferred provider.

17 Jul 2014

Working-age poverty will create bleak future for pensioners, warns think tank

Working-age poverty will create bleak future for pensioners, warns think tank

Future generations of pensioners face a bleak future unless Government addresses the long term challenges of working age poverty, argues the International Longevity Centre.

17 Jul 2014

June housing market boosted by remortgage and BTL

Mortgages

June housing market boosted by remortgage and BTL

June has seen the UK housing market bolstered by remortgaging and buy-to-let activity, according to chartered surveyors Connells Survey & Valuation.

17 Jul 2014

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