Latest News

The Lending Wizard simplifies loan applications for brokers

The Lending Wizard simplifies loan applications for brokers

The Lending Wizard, the loan sourcing tool for brokers from Freedom Finance, today reveals that it is launching a new website designed to assist brokers in the fulfilment of secured and unsecured loans.

06 Aug 2014

46% of homeowners to struggle with 3% rate rise

Mortgages

46% of homeowners to struggle with 3% rate rise

With Mark Carney recently suggesting that interest rates could start to rise over the next few months, half of mortgage borrowers (46%) admit they would either definitely or potentially struggle if the interest rate on their home loan went up by 3%.

06 Aug 2014

Pension schemes could face litigation, warns Portal

Retirement

Pension schemes could face litigation, warns Portal

Portal Financial is warning pension schemes that they could face litigation from their members if, having failed to facilitate drawdown provision, they then charge disproportionate fees to transfer away into a flexible scheme that does offer drawdown.

06 Aug 2014

Housing market sees summer boost: Halifax

Mortgages

Housing market sees summer boost: Halifax

House prices in the latest three months (May-July 2014) were 3.6% higher than in the preceding three months (February-April 2014), according to the latest house price index from Halifax.

06 Aug 2014

Moody's downgrades UK banking outlook

Latest News

Moody's downgrades UK banking outlook

Rating agency Moody's has downgraded its outlook for the banking sector because of new rules intended to prevent another taxpayer bank bailout.

05 Aug 2014

Brokers report 63% increase in secured loans

Brokers report 63% increase in secured loans

A surge in the number of secured loans has been captured in the latest Broker Stance Survey by The Loans Engine, with brokers reporting a 63% increase over the past 12 months.

05 Aug 2014

FCA proposes to implement LTI cap from October

Mortgages

FCA proposes to implement LTI cap from October

The FCA has today published its guidance consultation on the Financial Policy Committee’s recommendation on loan to income ratios in mortgage lending.

05 Aug 2014

Leeds BS launches 2.99% BTL mortgage

Leeds BS launches 2.99% BTL mortgage

Leeds Building Society is making further changes to its range of two year fixed rate BTL mortgages, including launching a new product with a highly competitive rate of 2.99%.

05 Aug 2014

Accord launches 70% LTV products from 2.16%

Mortgages

Accord launches 70% LTV products from 2.16%

Accord has launched a new range of fixed-rate 70% loan to value products, which feature some of the most competitive rates in the residential mortgage market.

05 Aug 2014

Right to Buy discount increases to 70%

Mortgages

Right to Buy discount increases to 70%

Council house tenants will now benefit from higher Right to Buy discounts, and be guided through the homebuying process.

05 Aug 2014

 

TFC Homeloans rebrands alongside new sourcing system

Latest News

TFC Homeloans rebrands alongside new sourcing system

TFC Homeloans has revealed a new brand identity across its website and communications.

05 Aug 2014

Masthaven rescues clients from defunct lender on £2.3m loan

Masthaven rescues clients from defunct lender on £2.3m loan

Masthaven Bridging Finance has helped clients of Savills Private Finance refinance when faced with a demand from a bankrupt lender for the immediate return of a £2.3 million loan.

05 Aug 2014

Dudley BS launches 3.99% fixed rate

Mortgages

Dudley BS launches 3.99% fixed rate

The Dudley Building Society, which only lends through the intermediary channel, has announced the introduction of a new fixed rate product, which is being offered through its panel of national packager/distributor partners.

05 Aug 2014

Omni Group completes £48m bridging loan

Omni Group completes £48m bridging loan

Christian Candy’s Omni Capital has completed a £48 million bridging loan to fund the acquisition of a prime development site in the exclusive Chelsea Harbour area of West London.

05 Aug 2014

Bellpenny to acquire IFA with £900m FUM from Skipton BS

Latest News

Bellpenny to acquire IFA with £900m FUM from Skipton BS

Bellpenny, the national wealth manager and IFA acquirer, can announce today that it has signed a definitive agreement to acquire Torquil Clark Holdings Limited from Skipton Building Society.

05 Aug 2014

P2P lender RateSetter lends £25m in one month

P2P lender RateSetter lends £25m in one month

RateSetter has strengthened its position as the one of the largest peer-to-peer lenders in the UK, handling a £71m in loans over the last three months.

04 Aug 2014

Freedom Finance acquired by Target Group

Latest News

Freedom Finance acquired by Target Group

Personal loan broker Freedom Finance has been acquired by SOF Annex Fund as part of the strategic growth plans for its portfolio company, Target Group.

04 Aug 2014

Crown Mortgage Management signs three servicing agreements

Latest News

Crown Mortgage Management signs three servicing agreements

Crown Mortgage Management, part of Capita plc, has confirmed it has signed three new agreements to provide standby administration services to Aldermore Bank, Masthaven Secured Loans, and Skipton Building Society.

04 Aug 2014

NatWest Intermediary Solutions boosts BDM team

Mortgages

NatWest Intermediary Solutions boosts BDM team

NatWest Intermediary Solutions has further cemented its commitment to the intermediary sector by growing both its frontline and support functions.

04 Aug 2014

SMEs struggle to get to grips with auto enrolment

Retirement

SMEs struggle to get to grips with auto enrolment

A survey by the chartered accountancy firm, HW Fisher & Company, has found 'worrying' levels of confusion and complacency among small business owners about their imminent requirement to start a workplace pension.

04 Aug 2014

HSBC blames 12% profit slump on 'unprecedented' regulatory pressures

Latest News

HSBC blames 12% profit slump on 'unprecedented' regulatory pressures

HSBC's pre-tax profits fell by 12% in the first half of 2014 compared with the same period a year before, it revealed this morning.

04 Aug 2014

Evolution increases loan sizes up to £15,000

Latest News

Evolution increases loan sizes up to £15,000

Evolution Money has announced it has responded to broker feedback and made changes to its lending matrix.

04 Aug 2014

Remortgage activity down in Q2, says Paragon

Mortgages

Remortgage activity down in Q2, says Paragon

Although remortgages remain the most common form of mortgage borrowing, Paragon's research highlights a 4% drop in the number of remortgages processed over the past three months.

04 Aug 2014

Mansfield launches 2-year discounted BTL products

Mansfield launches 2-year discounted BTL products

The Mansfield Building Society has launched new 2 year discounted BTL products for purchase and remortgage along with updating its rental calculation.

04 Aug 2014

£105m Lloyds fine to go to Armed Forces charities

Latest News

£105m Lloyds fine to go to Armed Forces charities

It was announced today that fines on Lloyds Banking Group this week for manipulation of financial benchmarks will be allocated to good causes supporting the Armed Forces community as well as other charitable bodies and organisations.

01 Aug 2014

Finding technology built with the adviser in mind

Blogs

Finding technology built with the adviser in mind

[Blog from Julie Murray is Technology Director of Revolution]

01 Aug 2014

Carl D'Ammassa, MD of Asset Finance at Aldermore Bank

In The Spotlight

Carl D'Ammassa, MD of Asset Finance at Aldermore Bank

We spoke to Carl D'Ammassa, Managing Director of Asset Finance at Aldermore Bank, about best practice in the broker community and the uses of asset finance.

01 Aug 2014

Average property selling time back to pre-crash levels

Latest News

Average property selling time back to pre-crash levels

The average time it takes to sell a property in Britain has reduced to 88 days, 16 days faster (15.38%) compared to the same time last year and the fastest selling time recorded since 2007, according to recent research from Move with Us.

01 Aug 2014

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