Latest News

House sales recover to highest level for 7 years

Mortgages

House sales recover to highest level for 7 years

The LSL England and Wales House Price Index has recorded a 4.6% annual price growth outside London and the South East.

08 Aug 2014

FTBs could take 22 years to save a deposit

Mortgages

FTBs could take 22 years to save a deposit

New statistics reveal it could take the average person over 22 years to save up for the deposit on their first home.

08 Aug 2014

Online pension enquiries surge post-Budget, says Equiniti

Retirement

Online pension enquiries surge post-Budget, says Equiniti

Pensions software providing Equiniti reports a surge in people engaging with their pensions online following the budget announcement in March, which brought increased flexibility to accessing pension savings.

07 Aug 2014

BoE keeps bank rate at 0.5%

Latest News

BoE keeps bank rate at 0.5%

The Bank of England has held UK interest rates at a record low of 0.5% for another month.

07 Aug 2014

LV= launches dedicated retirement advice desk

Retirement

LV= launches dedicated retirement advice desk

LV= is launching a new advice desk, manned by a dedicated team of experienced retirement solutions specialists, to help advisers who have clients who are due to retire before April 2015.

07 Aug 2014

Y3S on the hunt for brokers to lead new second charge venture

Y3S on the hunt for brokers to lead new second charge venture

Cardiff-based Y3S is to hold a ‘Dragons Den’ style interview process to find two people to run a new second charge loan brokerage that will be part of its group of companies.

07 Aug 2014

Stonebridge Insurance fined £8.4m by FCA

Protection

Stonebridge Insurance fined £8.4m by FCA

The FCA has fined Stonebridge International Insurance Limited £8,373,600 in relation to sales of accident insurance products.

07 Aug 2014

Intellifo creates Scottish independence toolkit for advisers

Latest News

Intellifo creates Scottish independence toolkit for advisers

With just a few weeks to go before the Scottish referendum, leading adviser software company Intelliflo has created a ’10 minute toolkit’ for advisers both sides of the border.

07 Aug 2014

Scottish Widows to cut initial commission

Retirement

Scottish Widows to cut initial commission

Scottish Widows has today announced its approach to helping employers on their journey towards full compliance with DWP legislation.

07 Aug 2014

Shawbrook launches specialist commercial underwriting teams

Shawbrook launches specialist commercial underwriting teams

Shawbrook Bank has launched specialist teams dedicated to processing residential buy-to-let; commercial and semi-commercial investment; and trading business and large loan applications.

07 Aug 2014

 

Hope Capital announces expansion plans

Mortgages

Hope Capital announces expansion plans

Hope Capital has today clearly laid out its intentions to expand. It intends to open a London office and recruit another six individuals in the next twelve months covering areas including underwriting, business development and office support.

07 Aug 2014

Third of brokers expect a base rate rise this year

Mortgages

Third of brokers expect a base rate rise this year

More than one in three (36%) mortgage brokers expect a rise in the Bank of England base rate before the year is out, according to new research by the Intermediary Mortgage Lenders Association.

07 Aug 2014

Leeds BS reports mortgage lending up 29% in H1

Mortgages

Leeds BS reports mortgage lending up 29% in H1

Leeds Building Society has helped more borrowers than ever before as it reports strong interim results.

06 Aug 2014

Openwork boosts marketing support for advisers

Latest News

Openwork boosts marketing support for advisers

Openwork is enhancing its online marketing support system with a new service that will enable advisers to send personalised, pre-approved email templates to selected clients and track open rates.

06 Aug 2014

AIG acquires Ageas Protect in £181m deal

Protection

AIG acquires Ageas Protect in £181m deal

American International Group has today confirmed it has purchased Ageas’ UK protection arm in a deal worth £181m, saying it expects the deal to be completed in the Q4 2014, pending regulatory approval.

06 Aug 2014

Skipton launches seven-year fixes from 3.99%

Mortgages

Skipton launches seven-year fixes from 3.99%

Skipton Building Society is tomorrow launching a 7 year fixed rate mortgage range as part of a new selection of residential mortgages.

06 Aug 2014

FCA guides on use of social media for financial promotions

Latest News

FCA guides on use of social media for financial promotions

The Financial Conduct Authority has today launched a consultation which is intended to clarify its approach to the supervision of financial promotions in social media.

06 Aug 2014

The Lending Wizard simplifies loan applications for brokers

The Lending Wizard simplifies loan applications for brokers

The Lending Wizard, the loan sourcing tool for brokers from Freedom Finance, today reveals that it is launching a new website designed to assist brokers in the fulfilment of secured and unsecured loans.

06 Aug 2014

46% of homeowners to struggle with 3% rate rise

Mortgages

46% of homeowners to struggle with 3% rate rise

With Mark Carney recently suggesting that interest rates could start to rise over the next few months, half of mortgage borrowers (46%) admit they would either definitely or potentially struggle if the interest rate on their home loan went up by 3%.

06 Aug 2014

Pension schemes could face litigation, warns Portal

Retirement

Pension schemes could face litigation, warns Portal

Portal Financial is warning pension schemes that they could face litigation from their members if, having failed to facilitate drawdown provision, they then charge disproportionate fees to transfer away into a flexible scheme that does offer drawdown.

06 Aug 2014

Housing market sees summer boost: Halifax

Mortgages

Housing market sees summer boost: Halifax

House prices in the latest three months (May-July 2014) were 3.6% higher than in the preceding three months (February-April 2014), according to the latest house price index from Halifax.

06 Aug 2014

Moody's downgrades UK banking outlook

Latest News

Moody's downgrades UK banking outlook

Rating agency Moody's has downgraded its outlook for the banking sector because of new rules intended to prevent another taxpayer bank bailout.

05 Aug 2014

Brokers report 63% increase in secured loans

Brokers report 63% increase in secured loans

A surge in the number of secured loans has been captured in the latest Broker Stance Survey by The Loans Engine, with brokers reporting a 63% increase over the past 12 months.

05 Aug 2014

FCA proposes to implement LTI cap from October

Mortgages

FCA proposes to implement LTI cap from October

The FCA has today published its guidance consultation on the Financial Policy Committee’s recommendation on loan to income ratios in mortgage lending.

05 Aug 2014

Leeds BS launches 2.99% BTL mortgage

Leeds BS launches 2.99% BTL mortgage

Leeds Building Society is making further changes to its range of two year fixed rate BTL mortgages, including launching a new product with a highly competitive rate of 2.99%.

05 Aug 2014

Accord launches 70% LTV products from 2.16%

Mortgages

Accord launches 70% LTV products from 2.16%

Accord has launched a new range of fixed-rate 70% loan to value products, which feature some of the most competitive rates in the residential mortgage market.

05 Aug 2014

Right to Buy discount increases to 70%

Mortgages

Right to Buy discount increases to 70%

Council house tenants will now benefit from higher Right to Buy discounts, and be guided through the homebuying process.

05 Aug 2014

TFC Homeloans rebrands alongside new sourcing system

Latest News

TFC Homeloans rebrands alongside new sourcing system

TFC Homeloans has revealed a new brand identity across its website and communications.

05 Aug 2014

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