Latest News

Equity release lending up 26%

Mortgages

Equity release lending up 26%

Total equity release lending hit £641 million during the first half of the year as the market continues to grow according to new analysis from specialist adviser Key Retirement Solutions.

09 Jul 2014

New data reveals rising mortgage rates

Mortgages

New data reveals rising mortgage rates

Latest figures from Mortgage Brain's quarterly product data analysis show that mortgage rates are starting to rise, with the interest rate for a 60% LTV five year Fixed mortgage increasing by 18% over the past three months – up from 2.35% to 2.78%.

08 Jul 2014

Thousands to receive accelerated payment notices from HMRC

Latest News

Thousands to receive accelerated payment notices from HMRC

Latest change represents a huge shift in tax collection powers as many individuals across the UK who are under investigation by HMRC could soon be required to pay the full amount of disputed tax before the matter is settled.

08 Jul 2014

85% believe MMR is stifling mortgage completions

Mortgages

85% believe MMR is stifling mortgage completions

In a recent survey carried out by mortgage best practice site 85% of brokers asked feel that it is more difficult to get mortgage cases accepted since the implementation of the MMR.

08 Jul 2014

Is the short term market in danger of running away with itself?

Is the short term market in danger of running away with itself?

Fincorp Director Matthew Anderson, believes the short-term finance market is in danger of running away with itself and questions whether the large amounts of investment into the industry seen in recent years is sustainable.

08 Jul 2014

Marc Howells, MD of George Banco

In The Spotlight

Marc Howells, MD of George Banco

We spoke to Marc Howells, MD of George Banco, the new guarantor loan lender.

08 Jul 2014

New report reveals that 64% of adults don't have a will

Latest News

New report reveals that 64% of adults don't have a will

A new study conducted by Investec Wealth & Investment has revealed a widespread neglect of wills with 32% being out of date as they have not been revised to take into account of major life changes, including marriage, children and divorce.

08 Jul 2014

Payday loan complaints double in the last two years

Latest News

Payday loan complaints double in the last two years

The Financial Ombudsman Service has today urged people struggling with payday loans, or other debt worries, to confront the 'shame factor' and seek help.

08 Jul 2014

PPI claims down for first time in four years

Protection

PPI claims down for first time in four years

The Financial Services Compensation Scheme (FSCS) reports fewer payment protection insurance (PPI) claims received during 2013/14, suggesting PPI claims coming to the Scheme may have peaked, with about 12,000 compared to around 19,000 the previous year.

08 Jul 2014

BCC warns BoE against base rate increases

Latest News

BCC warns BoE against base rate increases

BCC Director General, John Longworth warns the BoE against raising interest rates too prematurely as this could 'limit the growth ambitions among the very firms we are counting on to drive the recovery'.

08 Jul 2014

 

Paragon Mortgages expands product range

Mortgages

Paragon Mortgages expands product range

Paragon Mortgages, the specialist buy-to-let lender, has announced updated to its product range catering for large-scale and professional landlords.

08 Jul 2014

Halifax to refund 12 months home insurance for FTB's

Mortgages

Halifax to refund 12 months home insurance for FTB's

First time buyers are set to be refunded a full year's insurance premium when they purchase a new property and take out a home insurance policy with the Halifax.

08 Jul 2014

Competitive unsecured borrowing won't last forever

Latest News

Competitive unsecured borrowing won't last forever

MoneySuperMarket's head of banking, Kevin Mounford, claims there has never been a better time for customers to review their unsecured borrowing.

08 Jul 2014

Mobile bankers to exceed online banking users by 2019

Latest News

Mobile bankers to exceed online banking users by 2019

Data analysts Juniper Research today report that mobile banking users will more than double over the next 5 years, overtaking online banking for the first time in history.

08 Jul 2014

Interest-only borrowers to receive debt rehabilitation home visits

Mortgages

Interest-only borrowers to receive debt rehabilitation home visits

A third of interest-only borrowers don’t know how they will pay off their loan with 15% unable to afford the repayment, study reveals.

07 Jul 2014

FCA starts debate on fairness of changes to mortgage contracts

Mortgages

FCA starts debate on fairness of changes to mortgage contracts

Consumers and firms are to be asked for their views on how fairness should be assessed when lenders make changes to the terms of mortgage contracts and whether the FCA should make changes to its rules or guidance.

07 Jul 2014

Will loan-to-income caps reign in London?

Will loan-to-income caps reign in London?

House prices in the capital are pushing forwards, but many areas of the country are still in recovery mode.

07 Jul 2014

FCA dismiss claims for adviser fee reimbursement

Legal

FCA dismiss claims for adviser fee reimbursement

The FCA has confirmed that regulatory fees for financial advisers will be £68m next year - an 18.7% drop on 2013/14 - whilst moving to dismiss claims for a reimbursement of 'overcharged' adviser fees.

07 Jul 2014

Taylor Wimpey reports 42% of sales are through HTB

Mortgages

Taylor Wimpey reports 42% of sales are through HTB

House builder Taylor Wimpey, today reports that 42% of its homes have been sold through Help to Buy during the first half of 2014.

07 Jul 2014

New fast track 'mobilisation' option for new lenders a success

Mortgages

New fast track 'mobilisation' option for new lenders a success

According to a recent BBA review, the strategies used to speed up the entry of new mortgage lenders and banks into the UK market are working.

07 Jul 2014

UK business distress levels staying near record lows

Latest News

UK business distress levels staying near record lows

According to the latest Business Distress Index, levels of UK business growth remain at record highs and business distress near record lows.

07 Jul 2014

Can a poor credit score affect your broadband deal?

Latest News

Can a poor credit score affect your broadband deal?

According to new research having a poor credit score raises British broadband bills by £342m per year.

07 Jul 2014

Pension system overhaul pushes over 50s to switch retirement plans

Protection

Pension system overhaul pushes over 50s to switch retirement plans

Since changes to the pensions regime were announced in the 2014 budget many 50-somethings are now turning to SIPPS.

07 Jul 2014

Are Brits in denial about their credit card debt?

Latest News

Are Brits in denial about their credit card debt?

New research suggests that the average Brit has over £4k of credit card debts which could take nearly 17 years to clear.

07 Jul 2014

Ipswich BS launches new 2 year fix

Mortgages

Ipswich BS launches new 2 year fix

Two year fixed rate 85% LTV is launched by Ipswich Building Society.

07 Jul 2014

Masthaven Bridging generates £5m in enquiries at NACFB Expo

Latest News

Masthaven Bridging generates £5m in enquiries at NACFB Expo

Masthaven Bridging has hailed this years NACFB Expo the best yet after receiving £5m of enquiries from brokers visiting the stand during the day.

07 Jul 2014

Rents now rising four times faster than income

Latest News

Rents now rising four times faster than income

Average UK private home rents have increased 7.5% in the last 12 months while national average earnings now rising at 1.7%.

04 Jul 2014

Half of mortgaged properties have no protection

Protection

Half of mortgaged properties have no protection

New research reveals over half of all mortgaged residential property in the UK is not covered by any form of protection insurance.

04 Jul 2014

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