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Allianz take £500m stake in LV= for joint venture

Allianz take £500m stake in LV= for joint venture

Allianz Group and Liverpool Victoria Friendly Society (LV=) have agreed to launch a joint venture, creating a general insurance business with over 6 million customers.

04 Aug 2017

Key Retirement confirms £208m acquisition

Key Retirement confirms £208m acquisition

Key Retirement Group has announced the completion of its £208 million acquisition by funds managed and/or advised by Partners Group from Phoenix Equity Partners, following regulatory approval of the transaction.

04 Aug 2017

Scottish Friendly launches plan to correct Lifetime ISA 'flaws'

Scottish Friendly launches plan to correct Lifetime ISA 'flaws'

Scottish Friendly has outlined a series of recommendations to enhance the Lifetime ISA, calling on the Government to reform the product to ensure it serves its dual purpose of helping young people to save for retirement or to buy their own home.

04 Aug 2017

Brightstar's Collins moves over to high net worth arm

Brightstar's Collins moves over to high net worth arm

Sirius Property Finance, the high net worth division of Brightstar Financial, has expanded its central London office and made two senior hires.

03 Aug 2017

What constitutes high LTV/small deposit lending?

What constitutes high LTV/small deposit lending?

Definitions in any market can be very different, depending on who your source is and the way the data is interpreted. For instance, as a business, we focus a lot on supporting lenders’ provision of high loan-to-value loans and those lenders have different views on what part of a loan they wish to insure and also, in a broader sense, what they determine to be high LTV.

03 Aug 2017

Industry satisfaction and understanding of FCA increases

Industry satisfaction and understanding of FCA increases

The FCA and its Practitioner Panel have published the findings from their 2017 survey of regulated firms, which shows that the industry’s satisfaction with the FCA and the its rating of the FCA’s effectiveness have both increased.

03 Aug 2017

Accord cuts residential rates across LTV bands

Accord cuts residential rates across LTV bands

Accord Mortgages has reduced rates across its 65%, 75%, 80%, 85% and 90% LTV ranges by up to 0.12% and launched a new three-year option at 85% LTV, available from tomorrow.

03 Aug 2017

Bank of England lowers growth forecast further as inflation picks up

Bank of England lowers growth forecast further as inflation picks up

The Bank of England's August Inflation Report shows 2017 inflation increasing slightly more than expected in the May report, and GDP growth remaining more sluggish than expected as a result.

03 Aug 2017

MPC votes 6-2 to hold Bank Rate at 0.25%

MPC votes 6-2 to hold Bank Rate at 0.25%

The Bank of England’s Monetary Policy Committee has voted by a majority of 6-2 to maintain Bank Rate at 0.25%.

03 Aug 2017

Julian Harris adds Keystone to mortgage panel

Julian Harris adds Keystone to mortgage panel

Keystone Property Finance has joined the mortgage panel of Julian Harris.

03 Aug 2017

 

Emotional ties prevent 87% from downsizing

Emotional ties prevent 87% from downsizing

The single biggest barrier to retirees downsizing is emotional ties to their family home, according to more 2 life research.

03 Aug 2017

Aldermore launches residential remortgage rates from 2.48%

Aldermore launches residential remortgage rates from 2.48%

Aldermore has launched its lowest ever residential remortgage-only rates with a new limited edition range.

03 Aug 2017

eTech's Buy to Let Hub aims to build lenders and broker relationships

eTech's Buy to Let Hub aims to build lenders and broker relationships

eTech says its new Buy to Let Hub, developed in response to the PRA's new underwriting rules, will bring lenders and brokers closer together by streamlining and simplifying their operations in the buy-to-let property portfolio market.

03 Aug 2017

Lender competition drives June remortgage surge: LMS

Lender competition drives June remortgage surge: LMS

Intense competition between lenders to offer the best rates drove remortgaging activity in June, according to conveyancing service provider, LMS.

03 Aug 2017

Leading the horse to water

Leading the horse to water

According to recent surveys more than 50% of those who are close to retirement have no intention of engaging a financial adviser. The reasons are various but often include, “too expensive”, “lack of trust” and “not sure what an adviser does”.

02 Aug 2017

Rising state pension age leaves 1.1m women worse off: IFS

Rising state pension age leaves 1.1m women worse off: IFS

1.1 million fewer women are receiving a state pension and government is providing £4.2 billion less through state pensions and other benefits since the state pension age for women rose from 60 to 63, according to a new report from the Institute for Fiscal Studies.

02 Aug 2017

Paradigm launches criteria factsheet for portfolio BTL

Paradigm launches criteria factsheet for portfolio BTL

Paradigm Mortgage Services has launched a factsheet covering all available buy-to-let panel lenders’ portfolio landlord criteria after the new PRA rules come into effect.

02 Aug 2017

Rate hike expected in Q1 2018: NIESR

Rate hike expected in Q1 2018: NIESR

The National Institute of Economic and Social Research has brought forward the timing of the Bank Rate hike from the second quarter of 2019 to the first quarter of next year.

02 Aug 2017

Barclays launches 0.99% two-year tracker

Barclays launches 0.99% two-year tracker

Barclays is launching a number of new residential mortgage products including a 0.99% two-year tracker at 60% LTV and a new three-year fixed rate range.

02 Aug 2017

Mortgage Advice Bureau partners with The Mortgage Lender

Mortgage Advice Bureau partners with The Mortgage Lender

The Mortgage Lender has added Mortgage Advice Bureau to its list of distribution partners.

02 Aug 2017

IRESS launches real time support with XPLAN iAssist

IRESS launches real time support with XPLAN iAssist

IRESS has rolled out the latest version of XPLAN, its integrated software for wealth managers and financial planning professionals.

02 Aug 2017

Pepper cuts residential and BTL rates by up to 0.70%

Pepper cuts residential and BTL rates by up to 0.70%

Pepper Homeloans has cut rates by up to 0.70% across both its residential and buy-to-let mortgage ranges, with rates now starting from 2.28%.

02 Aug 2017

Former Genworth MD Peter Barrett joins Homelyfe

Former Genworth MD Peter Barrett joins Homelyfe

Peter Barrett, the former managing director of Genworth Financial, has joined Homelyfe as chairman of the business.

01 Aug 2017

A decade on from the financial crisis - what's changed?

A decade on from the financial crisis - what's changed?

Ten years ago Gordon Brown was still in number 10, the option of leaving the EU wasn’t even on the table and Donald Trump was just a reality TV star with a few bankruptcies to his name. And, after years of easy credit and risky lending a housing crisis was bubbling under the surface. Within a few months of course we’d all be hit by the effects of the credit crunch. So now, a decade on, what’s changed?

01 Aug 2017

CII, PFS and SMP unite in branding revamp

CII, PFS and SMP unite in branding revamp

The Chartered Insurance Institute’s branding revamp will see the CII, Personal Finance Society and the Society of Mortgage Professionals all unite under the same group logo.

01 Aug 2017

Key Partnerships launches new introducer portal

Key Partnerships launches new introducer portal

Equity release referral service Key Partnerships has launched an online portal as part of an enhanced digital offering for advisers.

01 Aug 2017

Skipton reports 20% rise in mortgage lending to £2.4bn

Skipton reports 20% rise in mortgage lending to £2.4bn

Skipton Building Society has reported a 20.7% annual increase in gross mortgage lending to £2.4bn.

01 Aug 2017

Later Life Academy launches campaign to boost adviser numbers

Later Life Academy launches campaign to boost adviser numbers

The Later Life Academy has launched a new ‘Strength in Numbers’ campaign in order to boost the number of advisers within its membership.

01 Aug 2017

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