Latest News

Shawbrook launches specialist commercial underwriting teams

Shawbrook launches specialist commercial underwriting teams

Shawbrook Bank has launched specialist teams dedicated to processing residential buy-to-let; commercial and semi-commercial investment; and trading business and large loan applications.

07 Aug 2014

Hope Capital announces expansion plans

Mortgages

Hope Capital announces expansion plans

Hope Capital has today clearly laid out its intentions to expand. It intends to open a London office and recruit another six individuals in the next twelve months covering areas including underwriting, business development and office support.

07 Aug 2014

Third of brokers expect a base rate rise this year

Mortgages

Third of brokers expect a base rate rise this year

More than one in three (36%) mortgage brokers expect a rise in the Bank of England base rate before the year is out, according to new research by the Intermediary Mortgage Lenders Association.

07 Aug 2014

Leeds BS reports mortgage lending up 29% in H1

Mortgages

Leeds BS reports mortgage lending up 29% in H1

Leeds Building Society has helped more borrowers than ever before as it reports strong interim results.

06 Aug 2014

Openwork boosts marketing support for advisers

Latest News

Openwork boosts marketing support for advisers

Openwork is enhancing its online marketing support system with a new service that will enable advisers to send personalised, pre-approved email templates to selected clients and track open rates.

06 Aug 2014

AIG acquires Ageas Protect in £181m deal

Protection

AIG acquires Ageas Protect in £181m deal

American International Group has today confirmed it has purchased Ageas’ UK protection arm in a deal worth £181m, saying it expects the deal to be completed in the Q4 2014, pending regulatory approval.

06 Aug 2014

Skipton launches seven-year fixes from 3.99%

Mortgages

Skipton launches seven-year fixes from 3.99%

Skipton Building Society is tomorrow launching a 7 year fixed rate mortgage range as part of a new selection of residential mortgages.

06 Aug 2014

FCA guides on use of social media for financial promotions

Latest News

FCA guides on use of social media for financial promotions

The Financial Conduct Authority has today launched a consultation which is intended to clarify its approach to the supervision of financial promotions in social media.

06 Aug 2014

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

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