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FCA required to report on impact of regulation after BIBA lobby

FCA required to report on impact of regulation after BIBA lobby

Following lobbying by the British Insurance Brokers’ Association, a new Statutory Instrument has been passed which requires the FCA to report on the effects of regulation on economic growth.

06 Apr 2017

Monmouthshire launches buy-to-let rates from 2%

Monmouthshire launches buy-to-let rates from 2%

Monmouthshire Building Society has launched a new range of two year buy-to-let house purchase and remortgage products.

06 Apr 2017

The chicken and egg scenario of technological evolution

The chicken and egg scenario of technological evolution

Technology has progressed so rapidly that it’s not even easy to remember a time when a mobile phone was just a phone. The technological evolution is a little bit like a chicken and egg scenario. On one hand tech advances are being driven by people demanding simplicity, convenience, speed and efficiency. On the other hand have early tech advances only served to heighten and accelerate these needs? It’s difficult to say but one thing is clear - the tech revolution has changed the way the vast majority of businesses are now operating.

06 Apr 2017

Metro Bank launches 90% LTV range

Metro Bank launches 90% LTV range

Metro Bank has launched a 90% LTV range available to first-time buyers, movers and remortgage customers for loans up to £500,000.

06 Apr 2017

PMS Mortgage Club partners with Vida

PMS Mortgage Club partners with Vida

PMS has added Vida Homeloans to its panel, making their range of residential and buy-to-let mortgages available to members of PMS Mortgage Club.

06 Apr 2017

BTL tax relief impact "won't be felt until 2022": Paragon

BTL tax relief impact "won't be felt until 2022": Paragon

The full impact of the Government’s reduction in buy-to-let mortgage interest tax relief, phased in from today, "won't be felt until 2022", warns Paragon Mortgages' John Heron.

06 Apr 2017

House prices to rise 4.4% despite Brexit negotiations: Cebr

House prices to rise 4.4% despite Brexit negotiations: Cebr

UK house prices will continue to rise in 2017, despite uncertainty surrounding Brexit negotiations, according to the Centre for Economics & Business Research.

06 Apr 2017

Newcastle Intermediaries increases BTL overpayments

Newcastle Intermediaries increases BTL overpayments

Newcastle Intermediaries has increased the level of overpayments allowed without penalty across its entire buy-to-let range.

06 Apr 2017

Nirver Randhawa joins Leeds intermediary lending team

Nirver Randhawa joins Leeds intermediary lending team

Leeds Building Society has appointed Nirver Randhawa as Business Development Manager for Central London.

06 Apr 2017

TBMC launches BTL exclusives with Mortgage Trust

TBMC launches BTL exclusives with Mortgage Trust

TBMC has launched two new exclusive buy-to-let fixed rates with Mortgage Trust.

06 Apr 2017

 

Consumer slowdown is underway and set to intensify: BoE's Vlieghe

Consumer slowdown is underway and set to intensify: BoE's Vlieghe

The Bank of England's Gertjan Vlieghe has warned that "a rate hike that turns out to be premature is a more serious mistake than one that turns out to be somewhat late", adding that the post-Brexit consumer slowdown, which initially did not materialise, now appears to be underway.

05 Apr 2017

Empty comparisons: How expensive is equity release?

Empty comparisons: How expensive is equity release?

The last time I penned a piece for Financial Reporter I bemoaned the prevalence of people referring to equity release as a 'last resort'. I feel this view glosses over much of the impact releasing sums of cash from one’s home can have on improving retirement. What's more, I also feel that many are using equity release very wisely, like reinvesting in their home, and I know thousands are more than happy they took out a lifetime mortgage. And yet the pessimism persists and the 'last resorters' still dominate the conversation. But this doesn't mean we should stop challenging them.

05 Apr 2017

Consumers finding mortgages harder to switch, report shows

Consumers finding mortgages harder to switch, report shows

For the third consecutive year, mortgages were considered the most difficult product to switch with only 45% of people saying that the process had been straightforward, according to research from Go Compare.

05 Apr 2017

Borro's Harriet Smith joins Masthaven

Borro's Harriet Smith joins Masthaven

Masthaven has announced two new appointments: Harriet Smith joins as a Business Development Manager and Charles Creak joins as Business Development Executive.

05 Apr 2017

TML appoints Together's Laura Sneddon in raft of hires

TML appoints Together's Laura Sneddon in raft of hires

The Mortgage Lender has announced 12 new hires across the business, including Laura Sneddon who joins from Together Money.

05 Apr 2017

42% of intermediaries remain critical of lender portals

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42% of intermediaries remain critical of lender portals

Improvements and investment into intermediary portals is continuing, however two fifths of intermediaries still find them difficult to use, calling for them to be simpler and clearer, according to the third annual Intermediary Mortgage Survey from IRESS.

05 Apr 2017

LifeQuote launches new case tracking system

LifeQuote launches new case tracking system

LifeQuote has launched a new case tracking system with real time updates on all cases.

05 Apr 2017

Aldermore improves affordability on five-year fixes

Aldermore improves affordability on five-year fixes

Aldermore has amended its affordability stress rate on five-year fixed rate buy-to-let mortgages to the higher of the pay rate or reversion rate + 0.75%, down from pay rate or 5.5%.

05 Apr 2017

Proportion seeking retirement advice doubles in 12 months

Proportion seeking retirement advice doubles in 12 months

Tomorrow marks two years since the introduction of the pension freedoms, and new research from Aegon shows that 14% of working age people are saving more into their pension as a direct result: equating to around 5.5 million people contributing more to a private or workplace pension.

05 Apr 2017

Triggering of Article 50 'increases drawdown risks', warn advisers

Triggering of Article 50 'increases drawdown risks', warn advisers

The triggering of Article 50 is increasing the risks for traditional drawdown savers, according to MetLife research.

05 Apr 2017

L&G Home Finance reveals expansion plans

L&G Home Finance reveals expansion plans

Legal & General Home Finance has announced it will be relocating to a larger office in Solihull as part of its expansion plans following record results and strong growth in the retirement lending market.

04 Apr 2017

Limited company products soar by a third in Q1

Limited company products soar by a third in Q1

The average number of products available to limited company borrowers increased by more than a third to 266 in Q1, with fixed rates cut across all terms, according to data from Mortgages for Business.

04 Apr 2017

FCA appoints new supervisory panel

FCA appoints new supervisory panel

The FCA has announced its new Skilled Person Panel, effective until 2021, which is used to carry out s166 reviews where there are specific concerns about a regulated firm’s activities.

04 Apr 2017

Platform to offer 0.3% retention proc fee

Platform to offer 0.3% retention proc fee

Platform, the intermediary lender of The Co-operative Bank, has announced the launch of a new mortgage retention process which will offer a 0.3% procuration fee to intermediaries.

04 Apr 2017

True Potential enters protection market

True Potential enters protection market

Technology and advice firm True Potential has launched a range of protection products available on its own platform, which it says provides advisers with the first end-to-end service of its type.

04 Apr 2017

HSBC extends partnership with Hometrack

HSBC extends partnership with Hometrack

HSBC has signed a one-year contract extension with property analytics firm Hometrack, securing the delivery of valuation and risk services for a twelfth consecutive year.

04 Apr 2017

FCA: Senior Managers Regime is "no free pass for firms"

FCA: Senior Managers Regime is "no free pass for firms"

Mark Steward, Director of Enforcement and Market Oversight at the FCA, has stressed that the Senior Managers Regime "does not mean there will be an end to action against firms, including heavy financial penalties".

04 Apr 2017

Saffron cuts FTB, self-employed and contractor rates by up to 1%

Saffron cuts FTB, self-employed and contractor rates by up to 1%

Saffron For Intermediaries has cut rates and extended the term on several of its mortgages for first-time buyers, the self-employed and contractors.

04 Apr 2017

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