Latest News

Start raising interest rates soon, says MPC member

Latest News

Start raising interest rates soon, says MPC member

Britain must start raising interest rates soon if it wants to avoid sharp increases in the future, according to Martin Weale, a member of the BoE's Monetary Policy Committee.

29 May 2014

LV= launches 'personal sick pay' for harder to insure clients

Protection

LV= launches 'personal sick pay' for harder to insure clients

Protection specialist LV= today launches a new underwritten income protection product, ‘Personal Sick Pay’.

29 May 2014

Help to Buy reaches 7,300 completions in 6 months

Mortgages

Help to Buy reaches 7,300 completions in 6 months

The Treasury issued a statistical release today showing that in the first six months of the Help to Buy mortgage guarantee scheme, 7,313 mortgages were completed and of these, 80% were purchases by first time buyers.

29 May 2014

Help to Buy fails to boost property supply

Mortgages

Help to Buy fails to boost property supply

The number of eligible properties under the government’s Help to Buy scheme has fallen, while average prices have risen, since the launch of the second phase of the scheme - according to property website Zoopla.co.uk.

29 May 2014

Over a third intend not to buy a home as average FTB age hits 36

Mortgages

Over a third intend not to buy a home as average FTB age hits 36

The average age UK house hunters estimate they will be able to take their first step onto the property ladder is 36 years old, according to research by MoneySuperMarket - but a third don't intend to buy at all.

29 May 2014

Tribunal upholds FCA decison over market abuse

Latest News

Tribunal upholds FCA decison over market abuse

The Upper Tribunal has upheld the decision of the Financial Conduct Authority that Ian Hannam engaged in two instances of market abuse.

28 May 2014

Nationwide's mortgage lending up a third

Mortgages

Nationwide's mortgage lending up a third

Nationwide grew its mortgage lending by a third in the 2013/14 financial year, its latest annual results have shown.

28 May 2014

Darts legend Eric Bristow heads to NACFB expo

Latest News

Darts legend Eric Bristow heads to NACFB expo

Goldentree Financial Services has announced that the five times world dart champion Eric Bristow will be on their stand at the NACFB Commercial Finance Expo in June.

28 May 2014

ASTL adds Robert Sterling Surveyors to its ranks

Legal

ASTL adds Robert Sterling Surveyors to its ranks

Robert Sterling Surveyors has become the ASTL’s latest associate member. This brings the total number of full and associate members to 41.

28 May 2014

eTech snaps up Mark Blackwell to lead expansion into mortgage market

Mortgages

eTech snaps up Mark Blackwell to lead expansion into mortgage market

Software provider eTech has poached Mark Blackwell to become their new director of Lending & Surveying Services.

28 May 2014

 

CML: Strong upward trend in Scottish mortgage lending

Mortgages

CML: Strong upward trend in Scottish mortgage lending

The expected seasonal dip during the early months of 2014 saw lending fall compared to the previous quarter, but there was a strong upward trend in Scotland when year-on-year comparisons are made, new CML data shows.

28 May 2014

CML: Mortgage lending in NI up 35% yearly

Mortgages

CML: Mortgage lending in NI up 35% yearly

Northern Ireland saw year-on-year growth in Q1, in particular for home movers and first-time buyers, but the expected seasonal dip has affected lending compared to the previous quarter.

28 May 2014

CML: Seasonal dip doesn't affect yearly London mortgage lending

Mortgages

CML: Seasonal dip doesn't affect yearly London mortgage lending

CML data on mortgage lending in Greater London in Q1 shows the expected seasonal dip has affected lending compared to the previous quarter, but compared to the same time last year there has been significant growth in all borrower types.

28 May 2014

CML: FTBs up 30% in Wales

Mortgages

CML: FTBs up 30% in Wales

New CML data released today on the profile of mortgage lending in Wales in the first quarter of 2014 shows the expected seasonal dip has affected lending compared to the previous quarter, but year-on-year comparisons show growth in all borrower types.

28 May 2014

Partnership holds pension forums across the UK

Retirement

Partnership holds pension forums across the UK

With the proposed pension changes announced in the budget raising questions amongst intermediaries and consumers, Partnership is holding eight forums across the UK to help provide advisers with support and information.

28 May 2014

GI provider offers 25% commission to brokers

Protection

GI provider offers 25% commission to brokers

GI provider Uinsure is offering a 25% commission to all brokers who introduce clients via its Refer & Earn proposition before the end of June.

28 May 2014

miLoan sourcing system celebrates 500 completions

Latest News

miLoan sourcing system celebrates 500 completions

Second charge loan brokerage Y3S has revealed that it has completed 500 loan via its sourcing system miloanbroker.com.

28 May 2014

Masthaven targets non-credit score clients with lower rates

Masthaven targets non-credit score clients with lower rates

Masthaven Secured Loans has announced a major upgrade of its product and pricing with an emphasis on the non-credit score prime and near-prime sectors of the market.

28 May 2014

£100,000 is the retirement funding gap, says MGM Advantage

Retirement

£100,000 is the retirement funding gap, says MGM Advantage

MGM Advantage, the retirement income specialist, has calculated the current retirement funding gap.

27 May 2014

Extend Help to Buy in Scotland, urge builders

Mortgages

Extend Help to Buy in Scotland, urge builders

The building industry today repeated its call for the extension of the Scottish Help to Buy scheme as latest official statistics highlighted a sixth consecutive annual fall in total housing completions.

27 May 2014

P2P sector grows 50% in under six months

P2P sector grows 50% in under six months

The peer-to-peer lending sector in the UK has surged past the £1.5 billion mark, according to the latest figures published by AltFi Data.

27 May 2014

Protection specialist to lend £50m with free income protection

Protection

Protection specialist to lend £50m with free income protection

In response to calls for those within the financial services sector to take a more ethical approach to loans, protection specialist Simon Burgess is planning to release £50m of his own funds to provide loans with free income protection.

27 May 2014

Regulators’ expenditure up almost 60% in recent years

Latest News

Regulators’ expenditure up almost 60% in recent years

Financial services regulators in the US, UK and Hong Kong have increased their expenditure over the last seven years by 59.4% since the end of fiscal year 2006/07, according to Kinetic Partners.

27 May 2014

200,000 new homes a year is unachievable - housebuilding survey

Latest News

200,000 new homes a year is unachievable - housebuilding survey

Only six per cent of housebuilders believe that the key target of 200,000 homes to be built every year is deliverable, according to Knight Frank’s Housebuilding Report 'Building Momentum'.

27 May 2014

LV= improves equity release lending policy

Retirement

LV= improves equity release lending policy

Retirement specialist LV= today announces the launch of its enhanced equity release lending policy document for advisers.

27 May 2014

Masthaven pledges UK-wide broker coverage

Latest News

Masthaven pledges UK-wide broker coverage

Masthaven Bridging has pledged to support the intermediary market throughout the UK via its nationwide BDM team.

27 May 2014

Mortgage approvals drop to eight-month low in April

Mortgages

Mortgage approvals drop to eight-month low in April

According to the data released by the BBA, mortgage lending reached £12.2 billion in April - the highest monthly total since August 2008 - and were some 52% higher than a year ago, reflecting increased activity within the housing market.

27 May 2014

Intermediary confidence returns to pre-crisis levels

Latest News

Intermediary confidence returns to pre-crisis levels

Mortgage intermediary confidence is returning to levels last seen more than six years ago, a quarterly tracking survey by Paragon Mortgages has revealed.

27 May 2014

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