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Property discounts at two year high

Property discounts at two year high

33% of all UK properties currently on sale have seen their asking price lowered at least once since coming to the market, up from 27% in early 2014 and the highest proportion of discounting since August 2012.

17 Dec 2014

Wonga caps loans at FCA's maximum rate

Wonga caps loans at FCA's maximum rate

Wonga has reduced the interest on its payday loans to 0.8%, the maximum rate of interest allowed by the FCA.

17 Dec 2014

Connect Mortgage Club to offer second charge BTL products

Connect Mortgage Club to offer second charge BTL products

Connect Mortgage Club has added The Loans Engine to its panel, providing its members with access to second charge BTL products.

17 Dec 2014

Income drawdown allowance falls to record low

Income drawdown allowance falls to record low

The maximum income that can be taken from income drawdown and fixed term annuity contracts will fall by 0.5% to 2% next month, the lowest permitted amount and its lowest level in over two years.

17 Dec 2014

CML predicts lending to hit eight year high

CML predicts lending to hit eight year high

CML's latest market forecasts have predicted that mortgage lending will ease back modestly in 2015 and thereafter broadly settle, reflecting uncertainties surrounding wider economic developments and housing activity.

16 Dec 2014

FCA exec apologises for insurance review failings

FCA exec apologises for insurance review failings

Clive Adamson has today apologised for his involvement in a blunder that affected insurance companies' share prices.

16 Dec 2014

A third will invest in government pensioner bonds

A third will invest in government pensioner bonds

Following George Osborne's announcement last week that the government’s 65 plus bonds will pay savers the best available interest rates, research by Saga Personal Finance has found that a third (34%) of over 65s say they plan to invest in the bonds when they launch in January.

16 Dec 2014

FCA: Improvements needed on adviser charging

FCA: Improvements needed on adviser charging

The FCA have today published a review on how firms disclose the cost of their advice, their scope of service, and the nature of their services to clients following the implementation of the Retail Distribution Review.

16 Dec 2014

Prudential launches flexible drawdown

Prudential launches flexible drawdown

Prudential has introduced a flexible drawdown option to its range of retirement solutions ahead of the April 2015 pension reforms.

16 Dec 2014

ONS: Cooling London market slows price growth

ONS: Cooling London market slows price growth

The Office for National Statistic's latest House Price Index has shown an average UK house price increase of 10.4% over the year to October 2014, driven in large part by an annual increase in London of 17.2%.

16 Dec 2014

 

Santander launches lowest ever ten year fix

Santander launches lowest ever ten year fix

Santander have announced the launch of its lowest ever ten year fixed rate mortgage, available from tomorrow at a rate of 3.44% up to 60% LTV.

16 Dec 2014

Inflation falls to 12-year low

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Inflation falls to 12-year low

According to the latest Consumer Price Index by the Office for National Statistics, the rate of inflation has fallen to a 12-year low, dropping to 1% in November from 1.3% in October.

16 Dec 2014

CMC joins TFC Homeloans panel

CMC joins TFC Homeloans panel

TFC Homeloans have today announced the addition of Cheshire Mortgage Corporation to their first charge panel.

16 Dec 2014

Santander cut loan rates

Santander cut loan rates

Santander have today announced rate reductions on personal loans of between £5,000 and £7,499 to 4.9% APR.

16 Dec 2014

Co-op: Recovery plan in place despite stress test failure

Co-op: Recovery plan in place despite stress test failure

Following news this morning that the Co-operative Bank has failed a series of stress tests from the Bank of England, it has announced a recovery plan to reduce its risk weighted assets, particularly historic residential mortgages inherited as part of the Britannia acquisition in 2009.

16 Dec 2014

Smart Money adds bridging service

Smart Money adds bridging service

Smart Money has announced that from next year it will be adding full bridging support for intermediaries to its services following a pilot scheme.

16 Dec 2014

Co-op Bank fails BoE stress tests

Co-op Bank fails BoE stress tests

Co-operative Bank has failed a series of stress tests from the Bank of England, it has been announced this morning.

16 Dec 2014

Remortgaging sees 'resurgence' despite cooling market

Remortgaging sees 'resurgence' despite cooling market

November has witnessed a resurgence in remortgaging activity, despite the rest of the UK housing market cooling, according to recent research from Connells Survey and Valuation.

16 Dec 2014

Low rates save buyers more than Stamp Duty reform

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Low rates save buyers more than Stamp Duty reform

The National Mortgage Index from Mortgage Advice Bureau has found that while recent changes to stamp duty in the Autumn Statement are set to save consumers a significant amount in housing costs, recent mortgage rate reductions will have a bigger impact over the product’s fixed term.

16 Dec 2014

Record cuts bring mortgage rates to historic lows

Record cuts bring mortgage rates to historic lows

According to the National Mortgage Index from Mortgage Advice Bureau, rates for two year trackers and two- and three-year fixed loans in November were the cheapest available since 2007, due to record price cuts from mortgage lenders.

16 Dec 2014

Accord Mortgages launches broker web chat

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Accord Mortgages launches broker web chat

Accord Mortgages is launching a new web chat service for brokers on both their residential and buy to let websites.

15 Dec 2014

FSE London 2014: An insight into specialist lending - Paul Brett & Richard Deacon, Masthaven

FSE London 2014: An insight into specialist lending - Paul Brett & Richard Deacon, Masthaven

At the recent FSE London expo, Masthaven Finance led a seminar giving insight into opportunities for bridging, secured loans, and micro mortgages.

15 Dec 2014

Octopus to host retirement planning seminars

Octopus to host retirement planning seminars

Octopus Investments is hosting a series of retirement planning seminars to take advisers through the finer points of the pension reforms and the impact that these changes will have on retirement planning.

15 Dec 2014

December sees record asking price drop

December sees record asking price drop

The December House Price Index from Rightmove has shown the largest ever monthly fall in price of property coming to market, down by nearly £9,000.

15 Dec 2014

Lloyds joins MCI Mortgage Club panel

Lloyds joins MCI Mortgage Club panel

Lloyds Banking Group is the latest addition to the MCI Mortgage Club panel, following the likes of Aldermore, Nationwide, TMW and Santander.

15 Dec 2014

Advisers expect surge in equity release

Advisers expect surge in equity release

A recent survey by Stonehaven found that three quarters of advisers expect equity release to become more important following next April's pension reforms.

15 Dec 2014

Intermediaries reveal importance of insurance products

Intermediaries reveal importance of insurance products

A survey by Select & Protect of over 4,000 UK mortgage intermediaries revealed that the majority of intermediaries (79%) believe the sale of general insurance products is important to overall business income.

15 Dec 2014

Barclays launches 1.29% two year tracker

Barclays launches 1.29% two year tracker

Barclays has today announced a new 2 year 1.29% fixed rate tracker at 0.79% up to 60% LTV, available for purchase and remortgage, and a 2 year fixed rate of 1.77% at up to 70% LTV for remortgage only.

15 Dec 2014

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