Latest News

Insurance Bill introduced to modernise 100-year old rules

Protection

Insurance Bill introduced to modernise 100-year old rules

The government has today introduced the Insurance Bill to Parliament, which will 'modernise' the 100 year-old rules governing contracts between businesses and insurers.

17 Jul 2014

80% of consumers don't know P2P is FCA-regulated

80% of consumers don't know P2P is FCA-regulated

Four in five consumers don’t know peer-to-peer finance is regulated by the FCA despite the massive growth of alternative finance and a new framework for regulation being adopted recently, a new study has shown.

17 Jul 2014

AToM revamps its retirement mortgage at 4.5%

Mortgages

AToM revamps its retirement mortgage at 4.5%

Specialist mortgage packager/distributor AToM has announced the launch of a revamped exclusive mortgage initiative in conjunction with one of its Complex Prime Lenders.

17 Jul 2014

Accord cuts rates on resi range by up to 0.25%

Mortgages

Accord cuts rates on resi range by up to 0.25%

Accord Mortgages has reduced interest rates on selected residential products by up to 0.25%.

17 Jul 2014

SimplyBiz launches unsecured loan offering

SimplyBiz launches unsecured loan offering

Following an increase in demand from members for an unsecured loan offering, SimplyBiz Mortgages has selected existing partner, The Loans Engine, as its preferred provider.

17 Jul 2014

Working-age poverty will create bleak future for pensioners, warns think tank

Working-age poverty will create bleak future for pensioners, warns think tank

Future generations of pensioners face a bleak future unless Government addresses the long term challenges of working age poverty, argues the International Longevity Centre.

17 Jul 2014

June housing market boosted by remortgage and BTL

Mortgages

June housing market boosted by remortgage and BTL

June has seen the UK housing market bolstered by remortgaging and buy-to-let activity, according to chartered surveyors Connells Survey & Valuation.

17 Jul 2014

How much is the London pound worth?

Latest News

How much is the London pound worth?

Nationwide has reported that house prices in the capital are now higher, relative to the rest of the country, than they have ever been.

16 Jul 2014

Ultimate Capital joins AOBP

Ultimate Capital joins AOBP

Ultimate Capital - specialists in providing bridging, mezzanine, development and commercial finance - has become the fourth AOBP Associate Lender member for 2014, bringing the total lender membership to 25.

16 Jul 2014

BIBA says FCA should take action on comparison website findings

Latest News

BIBA says FCA should take action on comparison website findings

The British Insurance Brokers' Association is urging the FCA to take firm action to ensure that price comparison websites are complying with the FCA's regulatory standards and meeting customers' expectations.

16 Jul 2014

 

Take steps to minimise European credit directive disruption, urges CML

Mortgages

Take steps to minimise European credit directive disruption, urges CML

The CML has said in today's News & Views that the effects of the European mortgage credit directive, which is 20 months away, are yet to be determined.

16 Jul 2014

10 day BTL sale launched by Accord

Mortgages

10 day BTL sale launched by Accord

Accord Buy To Let has announced a ten day promotion offering 65% LTV products from Monday July 14.

16 Jul 2014

Significant debt forgiveness settlement funded by Bridgebank

Significant debt forgiveness settlement funded by Bridgebank

Bridgebank Capital has completed a £2.3m bridging loan advance to an experienced property investor secured against a mixed portfolio of residential and commercial investment properties.

16 Jul 2014

Commercial lender broadens broker horizons

Commercial lender broadens broker horizons

Ezbob, the online short term commercial lender, is showing mortgage brokers that they can become more involved in the commercial market as ezbob's lending model gains traction in the market.

16 Jul 2014

Stonebridge to offer life and protection panel to DAs

Protection

Stonebridge to offer life and protection panel to DAs

Stonebridge Group, the mortgage and insurance network, has today announced it is now offering directly authorised firms access to its limited life and protection panel.

16 Jul 2014

Scottish house prices up £6,750 in 12 months

Mortgages

Scottish house prices up £6,750 in 12 months

Scottish house prices have risen for the ninth consecutive month in a row with, up £6,750 on average in the last year, according to the latest LSL Scotland House price Index.

16 Jul 2014

Comparison websites fail to meet FCA expectations

Legal

Comparison websites fail to meet FCA expectations

The FCA has found that some price comparison websites operating in the general insurance sector are failing to meet consumers' expectations of them and, in some cases, the FCA's regulatory standards.

16 Jul 2014

New sourcing system launches

Mortgages

New sourcing system launches

A new, cloud-based sourcing system has launched, from APAC Systems, combining criteria and application questions from 128 lenders to create a generic application form designed to save time for brokers.

15 Jul 2014

Saving at the average rate will cause today's babies pension problems

Retirement

Saving at the average rate will cause today's babies pension problems

The average person born today would need to have started saving 30 years ago to retire with an annual income equivalent to half the average UK salary of £27,000, according to calculations by pension provider, Liberty SIPP.

15 Jul 2014

Mortgage sourcing systems – it’s all about accuracy

Mortgage sourcing systems – it’s all about accuracy

[SPECIAL FEATURE: Mortgage sourcing systems have come a long way in a relatively short space of time. As Mark Lofthouse, CEO of Mortgage Brain, explains, however, accuracy is the key to their success.]

15 Jul 2014

Inflation remains below 2% target for seventh month

Latest News

Inflation remains below 2% target for seventh month

The consumer price index rose to 1.9% in June, according to the Office for National Statistics.

15 Jul 2014

Price growth lag for London new builds puts investors at risk

Price growth lag for London new builds puts investors at risk

New research conducted by LCP, Specialist Fund and Asset Managers, on the new build market in London has revealed that there have been £1.2bn worth of sales already this year.

15 Jul 2014

House prices up 10.5%: ONS

Mortgages

House prices up 10.5%: ONS

UK house prices increased by 10.5% in the year to May 2014, up from 9.9% in the year to April 2014, according to the ONS House Price Index.

15 Jul 2014

Ex-regulators launch compliance service

shutterstock_145160614.jpg

Ex-regulators launch compliance service

Newgate Compliance, an independent consultancy offering compliance solutions, has announced the official launch of its innovative and fully integrated compliance service.

15 Jul 2014

Payday loans cost cap of 0.8% a day proposed by FCA

Latest News

Payday loans cost cap of 0.8% a day proposed by FCA

The FCA has today announced that as of January 2015, they will introduce a cap on the total amount that high-cost short-term credit lenders can charge.

15 Jul 2014

Citigroup to pay £4bn over sub-prime mortgage investigation

Mortgages

Citigroup to pay £4bn over sub-prime mortgage investigation

Citigroup will pay $7bn (£4bn) to US authorities to settle an investigation into risky sub-prime mortgages, the BBC has reported.

14 Jul 2014

Wonga's new chairman vows to clean up unfair lending practices

Latest News

Wonga's new chairman vows to clean up unfair lending practices

Payday lender Wonga has appointed a new chairman, Andy Haste, who vows to clean up its lending practices amid revelations that it sent 'unfair and misleading' fake legal letters to customers.

14 Jul 2014

Tyrie to write to banks to investigate misleading 'solicitor' letters

Latest News

Tyrie to write to banks to investigate misleading 'solicitor' letters

Andrew Tyrie MP, Chairman of the Treasury Committee, has written to a number of high street banks that are reported to have sent letters to customers that falsely appear to be from independent solicitor firms.

14 Jul 2014

Latest Money Careers

Popular this week

Specialist Lending Roadshow June 2017

20th-23rd June

4 days
7 specialists
4 locations
Free to attend

Click here to register now