Latest News

Mortgage lenders expect more intervention despite market cooling

shutterstock_41988607.jpg

Mortgage lenders expect more intervention despite market cooling

More than half (55%) of intermediary mortgage lenders and a sizable minority of brokers (40%) expect further interventions by the Bank of England’s Financial Policy Committee despite market growth cooling, according to new research by the Intermediary Mortgage Lenders Association.

17 Oct 2014

Uinsure appoints Berkeley Alexander’s Mark Hutchings

Uinsure appoints Berkeley Alexander’s Mark Hutchings

Leading GI provider Uinsure is continuing its mission to recruit the industry’s finest talent with the appointment of a new National Account Manager.

16 Oct 2014

Skipton appoints new Group Finance Director

Skipton appoints new Group Finance Director

Skipton Building Society is today announcing the appointment of Ashraf Piranie to the Board role of Group Finance Director.

16 Oct 2014

Intelliflo widens access to adviser planning tool

Intelliflo widens access to adviser planning tool

Leading provider of web-based business management software, Intelliflo, today announces that SimplyBiz members will now be able to access Distribution Technology’s Dynamic Planner through Simply Intelliflo Plus.

16 Oct 2014

Preparing ourselves for more regulatory changes

Preparing ourselves for more regulatory changes

The following is a sentence you will not often see written. I sometimes feel sorry for the FCA.

16 Oct 2014

Banks should follow credit unions and provide short-term credit

Banks should follow credit unions and provide short-term credit

On International Credit Union Day, Citizens Advice has warned about the lack of choice in short-term credit.

16 Oct 2014

Complete FS expand sales team

Complete FS expand sales team

Complete FS, the South Coast based packager, has recruited Ann Jennings to join its enquiries and sales team.

16 Oct 2014

SimplyBiz launches Training and Competence Scheme

SimplyBiz launches Training and Competence Scheme

SimplyBiz has announced the launch of a new T&C Scheme designed to help its member firms meet the FCA’s training and competence regime, in particular the aspects pertaining to the ongoing maintenance and management of advisers.

16 Oct 2014

Nearly half of Brits think advisers over-complicate insurance industry

Nearly half of Brits think advisers over-complicate insurance industry

Research reveals that 63% of UK adults do not trust Independent Financial Advisors and 84% believe that the ‘middlemen’ are an unnecessary point in the financial services process.

16 Oct 2014

Property SIPP & SSAS to boom with end of death tax

Property SIPP & SSAS to boom with end of death tax

More people will put commercial property into SIPPs and SSASs as a result of the end of the death tax, making property investment much more attractive, says Xafinity.

16 Oct 2014

 

Payday lending tops high-interest credit list

Payday lending tops high-interest credit list

62% of young people using high-interest credit are turning to payday loans.

16 Oct 2014

TMA to help brokers compare value of mortgage clubs

TMA to help brokers compare value of mortgage clubs

Mortgage club TMA has developed an interactive calculator designed to show DA brokers the benefits and income they can expect to receive when they join the club.

16 Oct 2014

Labour promises priority for FTBs

Labour promises priority for FTBs

Labour have claimed that Sir Michael Lyon’s report into housing will help communities build hundreds of thousands of new homes where families want to live, and ensure that first time buyers are given priority access rights to the houses in their local areas.

16 Oct 2014

Freedom sees record month of secured lending

Freedom sees record month of secured lending

Manchester-based Freedom Finance has today revealed that it completed a record month in September, signalling growing consumer confidence in the newly Financial Conduct Authority controlled market.

15 Oct 2014

Looking back on 10 years of mortgage regulation

Looking back on 10 years of mortgage regulation

It is almost ten years since MDay, or Mortgage Day. On 31st October 2004 the FSA introduced massive regulatory change and the way mortgages were sold would never be the same again.

15 Oct 2014

Lender introduces conveyancing club for specialist lending

Lender introduces conveyancing club for specialist lending

Specialist mortgage distributor, TFC Homeloans are set to include a conveyancing club route in order to further assist brokers with their specialist lending needs.

15 Oct 2014

Young people turn to private sector pensions

Young people turn to private sector pensions

New DWP figures show that automatic enrolment is continuing to play a major role in reversing the decade-long decline in private sector pension saving.

15 Oct 2014

Which? Mortgage Advisers join Magellan Panel

Which? Mortgage Advisers join Magellan Panel

Which? Mortgage Advisers have joined Magellan Homeloans distribution panel, enabling them to advise clients about Magellan’s specialist range of credit repair mortgages.

15 Oct 2014

Opening doors for the newly self-employed

Opening doors for the newly self-employed

Self-employment figures are at their highest in 40 years and still rising. Is this sudden surge of new business start-ups due to an increase in entrepreneurial spirit or the unfortunate high number of redundancies versus shortage of employment opportunities during the financial crisis?

15 Oct 2014

Aldemore cancels LSE float plans

red and black graphs

Aldemore cancels LSE float plans

Aldermore, the UK challenger bank, has pulled its £800m flotation after recent drops in investor confidence meant it was unable to sell enough shares.

15 Oct 2014

Leeds BS reduces rates on five year fixes

Row of colourful houses

Leeds BS reduces rates on five year fixes

Leeds Building Society is refreshing its range of five year fixed rate mortgages at 80% and 85% LTV.

15 Oct 2014

New lender announces distribution panel

New lender announces distribution panel

Fleet Mortgages has today announced the first six firms it has agreed to distribute its products through when the business launches in mid-November

15 Oct 2014

Majority of renters underinsured

Majority of renters underinsured

Millions of families could be putting their financial futures at risk as the number living in rented accommodation grows.

15 Oct 2014

Half trapped paying off homes into retirement

Half trapped paying off homes into retirement

Half of over-40s believe they will still be repaying their mortgage (31%) or paying rent (20%) when they retire reveals new research from Specialist Insurer – Partnership.

15 Oct 2014

Gang convicted of £35m mortgage fraud

Gang convicted of £35m mortgage fraud

Four people were sentenced to a total of 34 years imprisonment at Southwark Crown Court following their convictions of numerous charges relating to a wide-scale mortgage fraud that saw innocent homeowners have their properties mortgaged without their knowledge and a respected firm of solicitors go out of business.

15 Oct 2014

Confidence in housing market drops to 12 month low

Confidence in housing market drops to 12 month low

After staying high and steady for the last year consumer confidence in the housing market has fallen to its lowest level in 12 months, according to the latest quarterly Halifax Housing Market Confidence Tracker.

15 Oct 2014

Government to allow access to defined contribution pensions

Government to allow access to defined contribution pensions

The government has today published the Taxation of Pensions Bill, which will change the tax rules to allow individuals aged 55 and above to access their defined contribution pension as they wish from April next year.

14 Oct 2014

Nationwide reduces mortgage rates by up to 0.7%

Nationwide reduces mortgage rates by up to 0.7%

From tomorrow, Nationwide is reducing mortgage rates for customers with small deposits using its Save to Buy scheme.

14 Oct 2014

Popular this week