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Skipton awarded Internal Ratings Based status

Skipton awarded Internal Ratings Based status

Skipton has been awarded Internal Ratings Based status.

02 Dec 2016

Scottish Widows introduces electronic GP reports to speed up underwriting

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Scottish Widows introduces electronic GP reports to speed up underwriting

Scottish Widows has introduced electronic General Practitioner reports into its protection policy underwriting process to make it simpler and quicker to obtain customers’ medical information from their GP practice.

02 Dec 2016

Accord launches adviser support website

Accord launches adviser support website

Accord Mortgages has launched an interactive website designed to support brokers during discussions with clients.

01 Dec 2016

FCA will continue to support later-life lending

FCA will continue to support later-life lending

Attracting quality advisers who are determined to make equity release a cornerstone of their professional life is one of the most important tasks we face in the modern lifetime mortgage market.

01 Dec 2016

Advice firm CEO faces ban and fine over unsuitable SIPP advice

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Advice firm CEO faces ban and fine over unsuitable SIPP advice

The FCA has published a Decision Notice seeking to ban Alistair Burns, Chief Executive at TailorMade Independent, and fine him £233,600.

01 Dec 2016

Mortgage and pension advisers face increased FSCS levy

Mortgage and pension advisers face increased FSCS levy

The Financial Services Compensation Scheme is considering raising a supplementary levy for mortgage and pension advisers after seeing increased claims.

01 Dec 2016

Two plead guilty to insider dealing in FCA case

Two plead guilty to insider dealing in FCA case

In a case brought by the FCA, Manjeet Mohal and Reshim Birk have pleaded guilty to three counts of insider dealing at the Central Criminal Court ahead of sentencing on 13 January 2017.

01 Dec 2016

Sesame adopts iPipeline’s protection quote portal

Sesame adopts iPipeline’s protection quote portal

Sesame has adopted SolutionBuilder - iPipeline’s research, quote and apply portal.

01 Dec 2016

LMS partners with National Counties Group

LMS partners with National Counties Group

LMS has partnered with National Counties Building Society and the Family Building Society.

01 Dec 2016

FCA introduces new savings account rules

FCA introduces new savings account rules

The FCA has introduced new rules requiring firms to provide easy-to-understand key information in an upfront summary box to help consumers compare savings accounts.

01 Dec 2016

 

Annual house price growth continues to slow: Nationwide

Annual house price growth continues to slow: Nationwide

House prices increased by 0.1% in November, causing annual house price growth to slow to 4.4% from 4.6% in October, according to the latest Nationwide house price index.

01 Dec 2016

Mortgages4Life appoints former CML director ahead of launch

Mortgages4Life appoints former CML director ahead of launch

New lender Mortgages4Life, which recently received full FCA regulatory approval, has appointed Michael Coogan as its independent chairman in anticipation of its launch in 2017.

01 Dec 2016

New financial advice apprenticeship standard launches

New financial advice apprenticeship standard launches

The Department for Education has approved the new specialist Financial Adviser apprenticeship standard, which offers employers up to £9,600 in financial assistance to contribute towards the development of a financial adviser.

30 Nov 2016

AMI urges FCA to address growing product transfer market

AMI urges FCA to address growing product transfer market

The Association of Mortgage Intermediaries has raised concerns about the increase in lenders encouraging straight product transfers at the point of remortgage.

30 Nov 2016

Financial services director banned for eight years

Financial services director banned for eight years

The director of companies which provided financial services and ran a trading room in Chelmsford has been disqualified for 8 years.

30 Nov 2016

Barclays cuts fixed rates by up to 0.50%

Barclays cuts fixed rates by up to 0.50%

Barclays has cut its fixed rate mortgage by up to 0.50% as well as introducing new products with rates from 1.95%.

30 Nov 2016

Economic uncertainty could spark rising mortgage rates: AMI

Economic uncertainty could spark rising mortgage rates: AMI

Mortgage rates may start to rise irrespective of ongoing loose monetary policy, as global political and economic uncertainty puts pressure on long-term interest rates, according to the latest Quarterly Economic Bulletin from the Association of Mortgage Intermediaries.

30 Nov 2016

PRA introduces rolling LTI flow limit for mortgage lenders

PRA introduces rolling LTI flow limit for mortgage lenders

The Prudential Regulation Authority is amending the rules on loan-to-income ratios in mortgage lending to allow firms to accommodate fluctuations and peaks in demand for high LTI mortgages.

30 Nov 2016

Remortgage lending soars 23% to hit eight-year high

Remortgage lending soars 23% to hit eight-year high

Remortgaging bounced back "in spectacular style" from September’s post-Brexit low, according to LMS data.

30 Nov 2016

Accord removes BTL application fees

Accord removes BTL application fees

Accord has scrapped application processing fees on all buy-to-let mortgage applications.

30 Nov 2016

TBMC adds Kensington to panel

TBMC adds Kensington to panel

TBMC has appointed Kensington to its lending panel and will offer all of Kensington’s core range of buy-to-let products, in addition to its newly launched HMO and multi-units proposition.

30 Nov 2016

Approvals show "no signs of falling further": e.surv

Approvals show "no signs of falling further": e.surv

The number of approvals was largely flat between September and October – dropping by 0.7% month-on-month – according to the latest e.surv data.

30 Nov 2016

RBS fails Bank of England stress test

RBS fails Bank of England stress test

Royal Bank of Scotland has failed to meet two key requirements of the Bank of England's stress test, which also revealed capital inadequacies in Barclays and Standard Chartered.

30 Nov 2016

Product transfer borrowers face personal liability risk, warns TMA

Product transfer borrowers face personal liability risk, warns TMA

The unreported product transfer market is a "ticking time bomb" for mortgage holders, warns TMA mortgage club, as millions of borrowers are at risk of waiving their right to full personal liability protection if they switch through a product transfer.

30 Nov 2016

Castle Trust to acquire Omni Capital Retail Finance

Castle Trust to acquire Omni Capital Retail Finance

Castle Trust Capital has agreed to acquire 100% of Omni Capital Retail Finance Limited, a retail point of sale finance business, from current owners CPC Group.

29 Nov 2016

Getting out on the road

Getting out on the road

One of the highlights of the last few months has been taking part in the Specialist Lending Roadshows organised by Financial Reporter.

29 Nov 2016

Fee-free mortgages double in 2016

Fee-free mortgages double in 2016

The number of fee-free deals available to those looking for a fixed-rate mortgage has more than doubled over the past year, according to Moneyfacts data.

29 Nov 2016

MPC denies low interest rates are hurting savers

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MPC denies low interest rates are hurting savers

External MPC member Gertjan Vlieghe has hit back at arguments that low interest rates hurt savers, because savers hold significant amounts of non-deposit assets, such as property, which benefit from low interest rates and asset purchases.

29 Nov 2016

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