Latest News

Family BS to pay retention proc fees

Family BS to pay retention proc fees

The Family Building Society has announced plans to pay mortgage brokers retention fees in 2017.

10 Feb 2017

New integrated trade body to launch in summer

New integrated trade body to launch in summer

Bob Wigley has been appointed as Chair of the new financial services trade association, the name and brand of which will be announced ahead of its launch in the summer of 2017.

10 Feb 2017

BM Solutions launches new rates from 1.99%

BM Solutions launches new rates from 1.99%

BM Solutions has announced a series of rate reductions to its buy-to-let mortgage range as well as extending end dates on all fixed rate products by three months.‎

10 Feb 2017

HSBC appoints Jackie Uhi as Head of Mortgage Distribution

HSBC appoints Jackie Uhi as Head of Mortgage Distribution

HSBC has appointed former Barclays mortgage director Jackie Uhi as Head of Mortgage Distribution.

10 Feb 2017

Second charge lending remains subdued in December: FLA

Second charge lending remains subdued in December: FLA

Second charge mortgage new business fell by 6% in volume in December, continuing the downward trend seen in the previous two months, according to Finance & Leasing Association data.

10 Feb 2017

Mint Bridging appoints Head of Sales

Mint Bridging appoints Head of Sales

Mint Bridging has recruited Sinead Moynihan as its Head of Sales to oversee the current team of five BDMs.

10 Feb 2017

Nationwide profits hit despite 11% mortgage lending rise

Nationwide profits hit despite 11% mortgage lending rise

Nationwide Building Society has reported an 11% rise in gross mortgage lending to £26.2bn for the nine months to 31 December 2016.

10 Feb 2017

Pepper Homeloans partners with TMA

Pepper Homeloans partners with TMA

The Mortgage Alliance has added Pepper Homeloans to its lender panel.

10 Feb 2017

First-time buyers surge as landlord investment drops 63%

First-time buyers surge as landlord investment drops 63%

January saw a jump in the number of first-time buyers, with valuations rising by a fifth year-on-year (21%), according to research from Connells Survey & Valuation.

10 Feb 2017

MAB targets expansion in Scotland

MAB targets expansion in Scotland

Mortgage Advice Bureau is continuing its growth in Scotland with the opening of a second office in central Edinburgh.

09 Feb 2017

 

Charles Haresnape to leave Aldermore

Charles Haresnape to leave Aldermore

Aldermore has confirmed that its Group Managing Director, Charles Haresnape, is leaving the firm to join Gatehouse Bank - a Shariah Compliant Investment Bank based in London.

09 Feb 2017

Charlotte Hogg to replace Minouche Shafik as BoE Deputy Governor

Charlotte Hogg to replace Minouche Shafik as BoE Deputy Governor

Charlotte Hogg will replace Minouche Shafik as the next Deputy Governor for Markets and Banking at the Bank of England.

09 Feb 2017

Pensions industry urges Treasury to scrap MPAA cut

Pensions industry urges Treasury to scrap MPAA cut

Hargreaves Lansdown is submitting "a highly critical response" to the Treasury's proposal to cut the Money Purchase Annual Allowance from £10,000 a year to £4,000, which the provider says is "causing widespread alarm across the pensions industry".

09 Feb 2017

Brilliant Solutions adds New Street to panel

Brilliant Solutions adds New Street to panel

Brilliant Solutions mortgage club has become the latest addition to the New Street’s distribution partners.

09 Feb 2017

Accord cuts offer time by six days

Accord cuts offer time by six days

Accord has reported a six day reduction in application to offer time in 2016, with over half of cases now being processed in less than 10 working days.

09 Feb 2017

Bank of England's PRA fines Japanese banking group £27m

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Bank of England's PRA fines Japanese banking group £27m

The Prudential Regulation Authority has fined The Bank of Tokyo-Mitsubishi UFJ Limited £17.85m and MUFG Securities EMEA £8.925m for "failing to be open and cooperative" with the PRA in relation to an enforcement action by the New York Department of Financial Services.

09 Feb 2017

Mortgage repossessions fall by further 25%: CML

Mortgage repossessions fall by further 25%: CML

The number of properties taken into possession last year declined by almost 25% to its lowest number since 1982, according to new data from the Council of Mortgage Lenders.

09 Feb 2017

Kent Reliance partners with TMA to provide direct submission route

Kent Reliance partners with TMA to provide direct submission route

Kent Reliance has partnered with The Mortgage Alliance to provide a direct submission route for its brokers and extend its specialist distribution network.

09 Feb 2017

Two and three-year BTL rates fall to record lows

Two and three-year BTL rates fall to record lows

Two and three-year buy-to-let fixed rates have fallen to all time lows, at 2.92% and 3.76% respectively, according to Mortgages for Business data.

09 Feb 2017

Furness BS appoints former Barclays MD as Finance Director

Furness BS appoints former Barclays MD as Finance Director

Furness Building Society has appointed Matthew Dobson as its new Finance Director.

09 Feb 2017

Responsible Equity Release to expand adviser team by 50%

Responsible Equity Release to expand adviser team by 50%

Responsible Equity Release is seeking to expand its national adviser team by 50% over the next six months as the market continues to grow.

09 Feb 2017

Housing stock remains "close to historic low": RICS

Housing stock remains "close to historic low": RICS

The UK sales market is continuing to lack momentum, with transaction volumes and enquiries both seeing relatively little change over the month, according to the latest RICS UK Residential Market Survey.

09 Feb 2017

Private but not secret

Private but not secret

‘Private Banking’ is a term that usually conjures up images of secret banking transactions being carried out on behalf Royal families, the landed gentry and wealthy individuals. That’s how private banking started, but is not a fair reflection of private banking today.

08 Feb 2017

How to overcome tighter lending restrictions

How to overcome tighter lending restrictions

What’s worrying you right now? If you’re following the current events in the US and, indeed, here in the UK, you’re probably thinking quite a lot! It’s been quite some years since we’ve been in a time of such political uncertainty and discontent.

08 Feb 2017

Lending Works launches IFISA

Lending Works launches IFISA

Lending Works has announced the launch of its Innovative Finance ISA and says it expects "significant uptake" after an internal survey found 88% of customers plan to open one.

08 Feb 2017

PFS launches adviser training programme

PFS launches adviser training programme

The Personal Finance Society has launched a new financial adviser development programme, offering support to employers of aspiring financial advisers across the UK.

08 Feb 2017

Supreme Court ruling could extend pension rights of unmarried couples

Legal

Supreme Court ruling could extend pension rights of unmarried couples

The Supreme Court has today ruled in favour of a woman seeking access to her late partner's pension, which is excpected to improve the pension rights of unmarried couples across the UK.

08 Feb 2017

FSCS levy will hit best-qualified brokers hardest: NACFB

FSCS levy will hit best-qualified brokers hardest: NACFB

The £15m supplementary levy imposed on mortgage brokers by the FSCS will "hit the best-qualified brokers hardest", according to the National Association of Commercial Finance Brokers.

08 Feb 2017

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