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Virgin Money reduces resi and remortgage rates

Virgin Money reduces resi and remortgage rates

Virgin Money has announced a number of rate reductions on its Rapid Remortgage range. All products are available with immediate effect.

17 Nov 2014

Newcastle BS cuts 95% mortgage rate

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Newcastle BS cuts 95% mortgage rate

Newcastle Building Society Intermediary Services has reduced the rate of its five year 95% LTV mortgage product.

17 Nov 2014

Can the mortgage market be shaken up by alternative technologies?

Can the mortgage market be shaken up by alternative technologies?

[SPECIAL FEATURE: Greg Cox, co-founder and chief executive at Quintessential Finance Group]

17 Nov 2014

Barclays launches two 1.75% mortgages

Barclays launches two 1.75% mortgages

Starting from tomorrow, Barclays is launching two new products with a two year fixed rate of 1.75%. These rates are available for loans up to £2m and £3m with a 60% LTV and a fee of £1,999 and £3,499 respectively.

17 Nov 2014

LendInvest hires John Prust

LendInvest hires John Prust

LendInvest has today confirmed the hiring of John Prust as Head of Sales & Marketing for its lending products.

17 Nov 2014

FCA fines Chase de Vere £560k over Keydata sales

FCA fines Chase de Vere £560k over Keydata sales

The Financial Conduct Authority has fined Chase de Vere Independent Financial Advisers Limited (Chase de Vere) £560,000 for failures surrounding the sale of Keydata products.

17 Nov 2014

FSE London 2014 - Johnny Timpson, Scottish Widows

FSE London 2014 - Johnny Timpson, Scottish Widows

We spoke Johnny Timpson of Scottish Widows at the recent Financial Services Expo London. He discussed the effect - or lack of effect - of the gender directive on protection sales, noting that while activity spiked over the quarter when it was introduced, overall its effect was negligible. Timpson also explores the 'major issue' of protection sales and whether renaming income protection to better represent its function and combat its negative perception.

17 Nov 2014

L&G and Patron Capital announce investment partnership

L&G and Patron Capital announce investment partnership

Legal & General Capital and Patron Capital today announce that they have established a new strategic partnership to identify and invest in long-term, operational, real-estate and infrastructure backed investment opportunities with a positive social impact.

17 Nov 2014

Britain's first buy-to-let REIT launches

Britain's first buy-to-let REIT launches

Britain’s first buy-to-let real estate investment trust has opened to both private and institutional investors today.

17 Nov 2014

FCA to introduce customer complaint reforms

FCA to introduce customer complaint reforms

Financial firms have collaborated with the Financial Conduct Authority on a thematic review and, as a result, have agreed to make improvements to the way they deal with consumer complaints.

17 Nov 2014

 

TenetLime adds Airdrie Savings Bank to mortgage panel

TenetLime adds Airdrie Savings Bank to mortgage panel

TenetLime has added the Airdrie Savings Bank to the Tenet mortgage panel and announced a two-year fixed-rate exclusive with the Scottish lender.

17 Nov 2014

Skipton launches 4% savings rate

Skipton launches 4% savings rate

Today, Skipton Building Society is delivering on a promise it made to members this year by launching a 4% Loyalty Regular Saver.

17 Nov 2014

Pension freedoms could push 60,000 into higher tax bracket

Pension freedoms could push 60,000 into higher tax bracket

MGM Advantage is warning that around 60,000 people could potentially fall prey to the higher rate tax bracket from next April, having taken advantage of the new pension freedoms.

17 Nov 2014

BoE's Mark Carney urges banker pay regulation

BoE's Mark Carney urges banker pay regulation

The Bank of England's Mark Carney has said that further reforms on bankers' pay should be introduced to reduce misconduct and risk-taking in the finance industry.

17 Nov 2014

FSCP Report into investor protection 'warrants CMA enquiry'

FSCP Report into investor protection 'warrants CMA enquiry'

The True and Fair Campaign has commended the Financial Services Consumer Panel for commissioning and publishing two independent reports and a summary paper ‘Collective Investment Schemes Costs and Charges’ seeking to interrogate investor protection.

17 Nov 2014

Aegon: Only 6% to recieve desired retirement income

Aegon: Only 6% to recieve desired retirement income

According to Aegon’s second UK Readiness Report, just 6% of people are on track to achieve the retirement they want, despite the focus on pensions following major reforms announced at this year’s Budget.

17 Nov 2014

Rightmove: House prices down 1.7%

Rightmove: House prices down 1.7%

According to Rightmove's November House Price Index, the price of property coming to market has fallen by 1.7% (-£4,542) as sellers compete on price in bid to stand out during quieter winter months.

17 Nov 2014

Getting into gear ahead of rate rises

Getting into gear ahead of rate rises

[SPECIAL FEATURE: Brokers and intermediaries must consider the impact of rate rises sooner rather than later says Gary Bailey, Director at specialist lender Cheshire Mortgage Corporation, the residential mortgage lending division of Blemain Group.]

14 Nov 2014

L&G: Banks' mortgage waiting times increase post-MMR

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L&G: Banks' mortgage waiting times increase post-MMR

Waiting times for mortgage appointments in banks have increased significantly following the implementation of the Mortgage Market Review, research from Legal & General has revealed.

14 Nov 2014

Pioneer of critical illness insurance dies

Pioneer of critical illness insurance dies

The architect of critical insurance Dr Marius Barnard has died aged 87.

14 Nov 2014

TenetLime announces Skipton exclusives

TenetLime announces Skipton exclusives

Leeds-based TenetLime has announced a new, two-year fixed rate deal with the Skipton Building Society and confirmed that another buy-to-let exclusive is set to follow in the near future, which will be available to all Tenet mortgage advisers.

14 Nov 2014

MortgageKeeper launches MCI mortgage club

Mortgages

MortgageKeeper launches MCI mortgage club

Software provider MortgageKeeper has launched a new mortgage club, with former The Mortgage Alliance chief Phil Whitehouse as its managing director.

14 Nov 2014

Phil Jeynes, Head of Account Development at PruProtect & PruHealth

Phil Jeynes, Head of Account Development at PruProtect & PruHealth

We chatted to Phil Jeynes of PruProtect and PruHealth about the use of technology within insurance and the problem of protection sales.

14 Nov 2014

Accord launches sub-2% two-year fix

Accord launches sub-2% two-year fix

Accord Mortgages has reduced its two, three and five-year fixed rate products by up to 0.45%, offering free standard legal work and free valuations on selected products.

14 Nov 2014

FCA: small firms failing to manage financial crime risks

FCA: small firms failing to manage financial crime risks

The Financial Conduct Authority has found that many small banks and commercial insurance intermediaries fail to effectively manage financial crime risk.

14 Nov 2014

Y3S profits increase 105%

Y3S profits increase 105%

South Wales specialist finance packager Y3S has more than doubled its profits in the financial year to September 2014.

14 Nov 2014

Sales surge 9% with highest completions in seven years

Sales surge 9% with highest completions in seven years

The latest House Price Index for England and Wales from LSL has reported that the property market has "shrugged off a slowdown" with the highest number of completed home sales in seven years.

14 Nov 2014

Politicians call for ‘Help to Move’ support for last time buyers

Politicians call for ‘Help to Move’ support for last time buyers

A group of influential politicians has urged the Government to offer a package of financial support and advice to make it easier for older people to move home if they wish to downsize.

14 Nov 2014

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