Latest News

Nationwide cuts high-LTV rates

Nationwide cuts high-LTV rates

From Wednesday 21 January, all of Nationwide’s 95% LTV Save to Buy fixed rates have been reduced by up to 0.35%, with rates starting at 4.44% for prospective buyers with a 5% deposit.

20 Jan 2015

Nationwide launches lowest 10 year fix on the market

Nationwide launches lowest 10 year fix on the market

From Wednesday 21 January, Nationwide is offering the lowest 10 year fixed rate mortgage currently on the market.

20 Jan 2015

LGIM’s pension fund breaks £1bn barrier

LGIM’s pension fund breaks £1bn barrier

Legal & General Investment Management has announced that its Diversified Fund has passed £1 billion in assets under management, with LGIM now managing a combined £2.4 billion across a range of Diversified strategies.

20 Jan 2015

P2P lender aims to rival pensioner bonds

P2P lender aims to rival pensioner bonds

P2P lender Landbay has today announced the launch of two products for "frustrated savers" of any age that they claim could be a better alternative to NS&I's pensioner bonds.

20 Jan 2015

Aviva could axe 1,500 jobs in Friends Life merger

Aviva could axe 1,500 jobs in Friends Life merger

Aviva has suggested plans to cut 1,500 roles by 2017 in the planned merger with Friends Life.

20 Jan 2015

Promise: brokers need FCA clarification

Promise: brokers need FCA clarification

Promise Solutions have said that mortgage brokers need more clarification from the FCA after it emerged they may no longer need to apply for additional permissions to offer second charge loans.

20 Jan 2015

Shawbrook appoints new lending manager

Shawbrook appoints new lending manager

Shawbrook Bank has appointed Paul O’Hara as a Lending Manager in its commercial mortgage and loan underwriting division.

20 Jan 2015

Half of financial services firms not mobile-friendly

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Half of financial services firms not mobile-friendly

A recent survey conducted by Altus Consulting revealed that over 50% of financial service providers fail to operate effectively within the mobile arena, having failed the most basic Google Mobile-Friendly Test.

20 Jan 2015

FCA: savings market is failing consumers

FCA: savings market is failing consumers

The FCA has announced that consumers with cash savings need better information and easier switching, after a market study found competition in the £700bn cash savings market often does not work well for consumers, particularly those with long-standing accounts.

20 Jan 2015

Equity release sees largest ever lending figures

Equity release sees largest ever lending figures

The total value of equity release lending reached almost £1.4bn (£1.38bn) in 2014, according to the latest industry figures from the Equity Release Council.

20 Jan 2015

 

BIBA's regulation manifesto launches in Parliament

BIBA's regulation manifesto launches in Parliament

The British Insurance Brokers' Association has launched its 2015 Manifesto insuring Britain’s future at a reception in the Houses of Parliament to an audience of Ministers, MPs, Lords, senior Government officials, insurance brokers and media.

19 Jan 2015

Tavistock to buy Financial Ltd

Tavistock to buy Financial Ltd

Tavistock Investments Plc has today announced that it has entered into a conditional contract for the acquisition of Standard Financial Group Limited, the parent company of Financial Limited.

19 Jan 2015

LGIM announces leadership overhaul

LGIM announces leadership overhaul

Legal & General Investment Management today announced a restructure of its leadership team, designed to drive future business growth while continuing to meet its clients’ evolving needs.

19 Jan 2015

Financial services firms report continued growth

Financial services firms report continued growth

The majority of financial services firms reported rising business volumes in the three months to December, according to the latest CBI/PwC Financial Services Survey.

19 Jan 2015

FSCS management levy drops 7%

FSCS management levy drops 7%

The Financial Services Compensation Scheme will have a 2015/16 management expenses levy limit of £74.4m.

19 Jan 2015

HSBC: Mortgage repayments hinder retirement savings

HSBC: Mortgage repayments hinder retirement savings

Almost half (41%) of UK workers stopped or reduced their retirement savings during the economic downturn, according to a new report by HSBC.

19 Jan 2015

TSB opens up to broker market

TSB opens up to broker market

From today, TSB mortgages will be available through mortgage brokers across Britain through TSB Intermediary - the next step in the Bank's growth strategy which aims to ‘shake up’ the broker market.

19 Jan 2015

Will housing shortage fuel 2015 price rises?

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Will housing shortage fuel 2015 price rises?

Rightmove's latest house price index revealed that more people are looking for property than last year, more sellers are putting their property up for sale, and new seller asking prices have increased this month by 1.4% (+£3,798) at a time of year when there are usually price falls.

19 Jan 2015

Paradigm announces adviser events

Paradigm announces adviser events

Paradigm Mortgage Services has today announced its timetable of events which are open to all directly authorised advisers as well as Paradigm member firms.

19 Jan 2015

Metro Bank unveils sub-2% fix

Metro Bank unveils sub-2% fix

From today, Metro Bank is reducing rates across its Residential and Buy to Let mortgage ranges.

19 Jan 2015

Key Retirement to launch pensions advice service

Key Retirement to launch pensions advice service

Leading over-55s financial provider Key Retirement is launching a new Retirement Options service to help savers understand their expanding range of choices ahead of the pension freedoms.

19 Jan 2015

Homemovers at seven year high

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Homemovers at seven year high

The number of homeowners increased by 8% in 2014, marking the largest annual increase in the number of homemovers since 2010 and the third successive rise.

17 Jan 2015

YBS announce 1.64% remortgage fix

YBS announce 1.64% remortgage fix

Yorkshire Building Society is reducing two-year and five-year fixed rate remortgage rates following a 30% increase to their remortgage webpage.

16 Jan 2015

In the Spotlight with Ian Wilson, head of sales at Halifax Intermediaries

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In the Spotlight with Ian Wilson, head of sales at Halifax Intermediaries

We spoke to Ian Wilson of Halifax Intermediaries about the Mortgage Credit Directive and fostering better lender-broker relationships.

16 Jan 2015

Barclays caps high-LTV loan-to-income ratios

Barclays caps high-LTV loan-to-income ratios

Barclays is capping loan applications of over 80% LTV at 4.5 times income.

16 Jan 2015

Coventry cuts resi and BTL rates

Coventry cuts resi and BTL rates

Coventry Intermediaries has announced further rate cuts for both Residential and BTL borrowers.

16 Jan 2015

Financial Ltd seeks investment after £120k loss

Financial Ltd seeks investment after £120k loss

Financial Limited's latest accounts have revealed post-tax losses of over £120,000 for the 2013/14 financial year - more than double the £48,900 recorded in 2013.

16 Jan 2015

Santander launches its lowest ever two-year fix

Santander launches its lowest ever two-year fix

Santander is today launching its lowest ever two-year fixed rate available to remortgagers, and substantially reducing rates on their Help to Buy range.

16 Jan 2015

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