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NatWest reveals product transfer fee launch plans

NatWest reveals product transfer fee launch plans

NatWest Intermediary Solutions will launch its new product transfer facility on Friday 15 December, paying a gross procuration fee of 0.2%.

13 Nov 2017

Quarterly GDP growth rises to 0.5%

Quarterly GDP growth rises to 0.5%

GDP growth increased by 0.5% in the three months to October, slightly stronger than the 0.4% growth recorded for the third quarter of 2017, according to the latest figures from the National Institute of Economic and Social Research.

13 Nov 2017

Sub-1% trackers gone from market as lenders react to rate rise

Sub-1% trackers gone from market as lenders react to rate rise

The average two-year variable tracker rate has increased by 0.20% since 1 November, meaning the sub-1% two-year tracker is no longer available on the market, according to Moneyfacts data.

13 Nov 2017

Skipton launches video appointments with mortgage advisers

Skipton launches video appointments with mortgage advisers

Skipton Building Society is now offering mortgage and financial advice video appointments through Skipton Link.

13 Nov 2017

Mortgage lenders to fund 50% of Money Advice Service under FCA proposals

Mortgage lenders to fund 50% of Money Advice Service under FCA proposals

The FCA is planning to increase the amount home finance providers pay towards the Money Advice Service debt advice levy from 2018/2019.

13 Nov 2017

Positive Lending becomes specialist distributor for Kensington

Positive Lending becomes specialist distributor for Kensington

Positive Lending has announced its appointment as 'specialist distributor' for Kensington Mortgages.

13 Nov 2017

Masthaven's James Bloom to lead short term lending division

Masthaven's James Bloom to lead short term lending division

Masthaven's James Bloom is moving from Managing Director of the lender's development finance team to lead the new short-term lending division.

13 Nov 2017

FCA wins Tribunal fight to cancel adviser's permissions

FCA wins Tribunal fight to cancel adviser's permissions

The FCA has been able to cancel an adviser's permissions after he lost a year-long battle to appeal the decision.

13 Nov 2017

Borrowers urged not to incur early exit charges as lenders hold rates

Borrowers urged not to incur early exit charges as lenders hold rates

Royal London says homeowners should think twice before incurring early exit charges in a dash to secure a cheap fixed rate mortgage as many providers are holding or even cutting rates following this month's rate rise.

13 Nov 2017

Over a third of sellers cut prices as market toughens: Rightmove

Over a third of sellers cut prices as market toughens: Rightmove

Over one-third (37%) of properties already on the market have reduced their asking price since first listing - the highest proportion at this time of year for five years, according to Rightmove data.

13 Nov 2017

 

Annual house price growth slows to five-year low of 0.8%

Annual house price growth slows to five-year low of 0.8%

The slowdown in prices continued into October, with values flat over the month and up 0.8% on an annual basis, according to the latest Your Move house price index.

13 Nov 2017

In the Spotlight with Liz Syms, Connect for Intermediaries

In the Spotlight with Liz Syms, Connect for Intermediaries

We spoke to Liz Syms, managing director of Connect for Intermediaries, about the PRA changes to portfolio buy-to-let and the impact of Brexit on the housing market.

10 Nov 2017

Client information requests - the future of robo-advice?

Client information requests - the future of robo-advice?

Each month this article ostensibly looks at technology and how it can enable and aid mortgage advisers in their every day work – needless to say that we’re incredibly positive about the future of mortgage advice, even if robo-advisers and AI-type propositions do begin to take a bigger share of the market. As was pointed out at the recent FSE Midlands event, this type of technology is likely to be best suited to vanilla mortgage arrangements but is unlikely to figure prominently in areas which require far greater understanding of the complexity of borrower’s needs and financial arrangements.

10 Nov 2017

The Coventry cuts buy-to-let rates by 0.30%

The Coventry cuts buy-to-let rates by 0.30%

Coventry for Intermediaries has reduced rates on its two, three and five year fixed-rate buy-to-let mortgages between 50-60% LTV by 0.30%.

10 Nov 2017

TSB cuts high-LTV two-year fixed rates by 0.20%

TSB cuts high-LTV two-year fixed rates by 0.20%

TSB has reduced its two-year fixed rates at between 90-95% LTV by 0.20% for residential house purchase borrowers.

10 Nov 2017

The Right Mortgage adds Paymentshield to GI panel

The Right Mortgage adds Paymentshield to GI panel

Paymentshield has been selected as a preferred provider on The Right Mortgage & Protection Network's panel of general insurance providers.

10 Nov 2017

Accord cuts buy-to-let remortgage rates

Accord cuts buy-to-let remortgage rates

Accord has reduced selected buy-to-let remortgage rates by up to 0.17%.

10 Nov 2017

Gig workers missing out on £75,000 in pension savings

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Gig workers missing out on £75,000 in pension savings

Gig economy workers could boost the size of their pension pot by up to £75,000 if a form of auto-enrolment were extended to cover all workers, according to Zurich's Pensions Policy Institute.

10 Nov 2017

Bank of England amongst 26 new firms to sign Women in Finance Charter

Bank of England amongst 26 new firms to sign Women in Finance Charter

A further 26 companies have signed up to the Women in Finance Charter, including the Bank of England and Tesco Bank, increasing the number of employees covered by the Charter to over 600,000.

10 Nov 2017

FCA orders Capita to refund Connaught investors £66m

FCA orders Capita to refund Connaught investors £66m

The FCA has announced that Capita Financial Managers has been publicly censured and will pay up to £66 million to investors who suffered loss as a result of investing in the collapsed Connaught Income Fund, Series 1.

10 Nov 2017

"It’s not my fault Guv"

"It’s not my fault Guv"

“It’s not my fault Guv” is a phrase I often heard when I was growing up in London. “It’s them bosses who don’t know what they’re doing” or “It’s that Government who don’t know what they’re doing”.

09 Nov 2017

YBS sees SVR enquiries double despite rate rise

YBS sees SVR enquiries double despite rate rise

Variable mortgages are still proving popular among borrowers despite last week’s rate rise, according to Yorkshire Building Society.

09 Nov 2017

Gender savings gap leaves half of women unprepared for retirement

Gender savings gap leaves half of women unprepared for retirement

The gender savings gap leaves over half of female workers feeling financially unprepared for retirement, according to research from Close Brothers and the Pensions and Lifetime Savings Association.

09 Nov 2017

iPipeline update highlights mortgage protection risk

iPipeline update highlights mortgage protection risk

iPipeline has updated SolutionBuilder - its research, quote and application solution for advisers - to feature a Risk & Mortgage Protection Report.

09 Nov 2017

The Mortgage Lender extends distribution through HL Partnership

The Mortgage Lender extends distribution through HL Partnership

HL Partnership has added The Mortgage Lender to its panel of lenders.

09 Nov 2017

Cases of possession beginning to rise: UK Finance

Cases of possession beginning to rise: UK Finance

The number of mortgages in arrears has hit a record low, but cases of possession edged upwards from an historically low level, according to UK Finance data.

09 Nov 2017

Accord cuts SVR rates by 0.35%

Accord cuts SVR rates by 0.35%

Accord Mortgages is reducing its standard variable rate by 0.35% to 4.99% from 10 December.

09 Nov 2017

Second charge lending drops 2% after six months of growth: FLA

Second charge lending drops 2% after six months of growth: FLA

Second charge new business volumes fell by 2% in September following six consecutive months of growth, according to figures from the Finance & Leasing Association.

09 Nov 2017

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