Latest News

Natwest reduces LTV rates

Natwest reduces LTV rates

NatWest Intermediary Solutions have today announced a number of rate reductions to its intermediary range of mortgages. Rates will be cut on its lower LTV residential 2, 3 and 5 year fixed rate and 2 year tracker deals.

18 Dec 2014

Accord increases proc fees

Accord increases proc fees

Accord Mortgages has today announced an increase in procuration fees across its residential mortgage range.

18 Dec 2014

Government to strengthen FCA's enforcement decisions

Government to strengthen FCA's enforcement decisions

The government has today published a number of recommendations to ensure that the way the FCA and PRA make enforcement decisions continues to be fair, transparent and efficient.

18 Dec 2014

Up to £232m taken yearly in hidden pension charges

Up to £232m taken yearly in hidden pension charges

A report by the Independent Project Board revealed that one in four pension pots (up to £25.8bn of assets) incur charges of more than 1% a year and worryingly, savers with the smallest pots were the most likely to pay higher charges.

18 Dec 2014

FCA: debt management firm to pay £185,000 redress

FCA: debt management firm to pay £185,000 redress

The Financial Conduct Authority has announced that Harrington Brooks is the first debt management firm to agree a redress package since the FCA took over responsibility for regulating the sector this year.

18 Dec 2014

CML: Gross mortgage lending down 9%

CML: Gross mortgage lending down 9%

The Council of Mortgage Lenders estimates that gross mortgage lending reached £16.9 billion in November, 9% lower than October (£18.6 billion), but equal to the £16.9 billion seen in November last year.

18 Dec 2014

Vantage Finance to offer specialist mortgage packaging

Vantage Finance to offer specialist mortgage packaging

Vantage Finance has launched a new packaging division which will focus on distributing products for more complex residential mortgage cases, as well as expanding Vantage’s current specialist BTL offering.

18 Dec 2014

Only 24% of Brits can afford to retire

Only 24% of Brits can afford to retire

Changes in life expectancy, economic circumstances and government legislation are causing a rise in ‘pre-tirees’, with retirement now a gradual process which takes place over a period of years or even decades.

18 Dec 2014

Retirees in danger of savings scams

Retirees in danger of savings scams

Retirement savers are striving to achieve annual returns of 7% on long-term investments, and high expectations are putting them in danger of accepting riskier – or even illegal – investment options.

18 Dec 2014

Govt to sell £3bn Lloyds shares

Latest News

Govt to sell £3bn Lloyds shares

Yesterday, Chancellor George Osborne furthered plans to return Lloyds Banking Group to private ownership by announcing that the government will sell part of its remaining shareholding in the firm.

18 Dec 2014

 

Ageas and Virgin to launch home insurance range

Ageas and Virgin to launch home insurance range

Ageas UK and Virgin Money have entered into an agreement that will see both businesses work together to create a range of home and motor insurance products for the UK market during 2015.

17 Dec 2014

A healthier mortgage market - thanks to building societies

A healthier mortgage market - thanks to building societies

Much of the end of year focus for the mortgage market in 2014 will perhaps talk about ‘a game of two halves’ whereby the perceived assumption is that lenders, to quote the FCA, “filled their boots’ prior to April 26th, and hit the brakes after it.

17 Dec 2014

Skipton reduces fixed rates

Skipton reduces fixed rates

Starting from tomorrow, Skipton Building Society will reduce interest rates on all of its current residential 3 and 5 year fixed rate mortgages.

17 Dec 2014

Was 2014 a watershed year for alternative funding in the UK?

Was 2014 a watershed year for alternative funding in the UK?

The terms ‘challenger bank’ and ‘alternative funding’ were virtually unheard of before 2007. However, in recent years they have started to receive considerable attention, and their importance & influence on today’s financial landscape is undeniable.

17 Dec 2014

Dudley appoints new Head of Lending

Dudley appoints new Head of Lending

Dudley Building Society has today announced it will appoint Jonathan Moore as its new Head of Lending following the departure of Steve Sandiford at the end of January.

17 Dec 2014

TSB launches 10 year flexible fix

TSB launches 10 year flexible fix

TSB has today launched a new 10 year Fix and Flex mortgage which allows homeowners to refinance or leave the mortgage after five years, without having to pay an early repayment charge.

17 Dec 2014

Metro Bank extends intermediary lending area

Metro Bank extends intermediary lending area

From today, Metro Bank is widening its lending area for intermediaries.

17 Dec 2014

BoE committee members continue to push for rate rise

BoE committee members continue to push for rate rise

Two of the nine Monetary Policy Committee members continued to vote for a Bank Rate increase of 25 basis points in the latest meeting.

17 Dec 2014

1 in 6 can't afford mortgage payments

1 in 6 can't afford mortgage payments

One in six people had to borrow money to pay October’s rent or mortgage, according to new research conducted for the Debt Advisory Centre.

17 Dec 2014

Property discounts at two year high

Property discounts at two year high

33% of all UK properties currently on sale have seen their asking price lowered at least once since coming to the market, up from 27% in early 2014 and the highest proportion of discounting since August 2012.

17 Dec 2014

Wonga caps loans at FCA's maximum rate

Wonga caps loans at FCA's maximum rate

Wonga has reduced the interest on its payday loans to 0.8%, the maximum rate of interest allowed by the FCA.

17 Dec 2014

Connect Mortgage Club to offer second charge BTL products

Connect Mortgage Club to offer second charge BTL products

Connect Mortgage Club has added The Loans Engine to its panel, providing its members with access to second charge BTL products.

17 Dec 2014

Income drawdown allowance falls to record low

Income drawdown allowance falls to record low

The maximum income that can be taken from income drawdown and fixed term annuity contracts will fall by 0.5% to 2% next month, the lowest permitted amount and its lowest level in over two years.

17 Dec 2014

CML predicts lending to hit eight year high

CML predicts lending to hit eight year high

CML's latest market forecasts have predicted that mortgage lending will ease back modestly in 2015 and thereafter broadly settle, reflecting uncertainties surrounding wider economic developments and housing activity.

16 Dec 2014

FCA exec apologises for insurance review failings

FCA exec apologises for insurance review failings

Clive Adamson has today apologised for his involvement in a blunder that affected insurance companies' share prices.

16 Dec 2014

A third will invest in government pensioner bonds

A third will invest in government pensioner bonds

Following George Osborne's announcement last week that the government’s 65 plus bonds will pay savers the best available interest rates, research by Saga Personal Finance has found that a third (34%) of over 65s say they plan to invest in the bonds when they launch in January.

16 Dec 2014

FCA: Improvements needed on adviser charging

FCA: Improvements needed on adviser charging

The FCA have today published a review on how firms disclose the cost of their advice, their scope of service, and the nature of their services to clients following the implementation of the Retail Distribution Review.

16 Dec 2014

Prudential launches flexible drawdown

Prudential launches flexible drawdown

Prudential has introduced a flexible drawdown option to its range of retirement solutions ahead of the April 2015 pension reforms.

16 Dec 2014

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