Latest News

Aviva calls for cooperation over better protection

Protection

Aviva calls for cooperation over better protection

The protection industry is in need of reform to help consumers understand the crucial benefits offered by family protection, Aviva has said.

27 May 2014

Remortgage bounces back from slump to rise 21%

Mortgages

Remortgage bounces back from slump to rise 21%

LMS figures reveal that monthly gross remortgage lending saw a monthly increase of 21%, up to almost £4.4bn in April, from the £3.6bn for March reported by the Council for Mortgage Lenders last week.

27 May 2014

Greg Cox, CEO at Quintessential

In The Spotlight

Greg Cox, CEO at Quintessential

We had a chat with Greg Cox, CEO at Quintessential, about financial technology and the growth of his business.

23 May 2014

Paradigm takes its roadshows nationwide

Latest News

Paradigm takes its roadshows nationwide

Paradigm Mortgage Services, the mortgage services proposition, has today announced it will be taking its mortgage and protection roundtable events across England, Scotland and Northern Ireland over the course of the next two months.

23 May 2014

Precise overhauls BTL range

shutterstock_136327154.jpg

Precise overhauls BTL range

Precise Mortgages, the specialist lender, has made several changes to its BTL product range in order to improve its offering for mortgage intermediaries and borrowers.

23 May 2014

Help to Buy means buyers side-step price inflation, says MAB

Mortgages

Help to Buy means buyers side-step price inflation, says MAB

Buyers are sidestepping four years of house price inflation by using the Help to Buy mortgage guarantee scheme to get onto the property ladder, according to new figures from Mortgage Advice Bureau.

23 May 2014

Short-term lending caps must not follow other countries' examples, warns CFA

Short-term lending caps must not follow other countries' examples, warns CFA

As the FCA prepares to consult on its proposals for a ground-breaking cap on the cost of high cost, short-term credit, the Consumer Finance Association has warned that lessons must be learned from other countries.

23 May 2014

SfI launches new two- and five-year fixes

Mortgages

SfI launches new two- and five-year fixes

Santander for Intermediaries have launched new two and five-year fixed rate products ahead of June’s traditional spike in mortgage applications.

23 May 2014

Magellan appointed as L&C credit repair lender

Mortgages

Magellan appointed as L&C credit repair lender

Specialist credit repair lender Magellan Homeloans has been appointed by London and Country to provide mortgages for clients who have historical adverse credit records and are therefore unable to access mainstream products.

23 May 2014

Refurbishment lending doubles in a year

Refurbishment lending doubles in a year

Property refurbishment projects have seen funding more than double in the last twelve months, according to the latest West One Broker Sentiment Survey of over 250 financial intermediaries.

23 May 2014

 

Barclays fined £26m and trader banned over Gold Fixing

Latest News

Barclays fined £26m and trader banned over Gold Fixing

The FCA has fined Barclays Bank £26,033,500 for failings in relation to the Gold Fixing, as well as banning and fining the trader involved.

23 May 2014

Low housing construction 'poses big risk' to market

shutterstock_136327154.jpg

Low housing construction 'poses big risk' to market

The low number of yearly housing constructions has been deemed a ‘big risk’ to the housing market and the wider economy.

22 May 2014

Mixed views on post-MMR market outlook at industry debate

Mortgages

Mixed views on post-MMR market outlook at industry debate

A panel of industry experts expressed mixed views this week on what the second half of 2014 might hold for the mortgage market.

22 May 2014

L&G improves income protection benefit product

Protection

L&G improves income protection benefit product

Legal & General has launched a new, improved Income Protection Benefit product.

22 May 2014

Funding 365 joins AOBP

Funding 365 joins AOBP

The Association of Bridging Professionals has welcomed Funding 365 as its latest Associate Lender member.

22 May 2014

Brokers must be aware of BTL 'gaming'

Brokers must be aware of BTL 'gaming'

A panel of industry heavyweights have warned the broker community to be aware of the potential for clients to try to ‘game’ the BTL market in light of the tighter affordability rules for residential mortgages introduced by the MMR.

22 May 2014

Lenders & trade bodies to clarify broker panel ejection process

Latest News

Lenders & trade bodies to clarify broker panel ejection process

Representatives of the AMI and the IMLA said today they were working on a set of ‘common principles’ which would provide clarity on an appeals process for those brokers who have been ejected by a lender from its panel.

22 May 2014

FCA: What challenges face the mortgage market in a post-MMR landscape?

Mortgages

FCA: What challenges face the mortgage market in a post-MMR landscape?

Speaking at the FSE Manchester expo today, the FCA's Lynda Blackwell spoke about the challenges facing the market in the post-MMR landscape.

21 May 2014

Financial Reporter & Paymentshield launch World Cup Fantasy Football league

Latest News

Financial Reporter & Paymentshield launch World Cup Fantasy Football league

Financial Reporter and insurance provider Paymentshield have teamed up to launch a Fantasy Football league for financial advisers to celebrate the 2014 World Cup and the chance to win £1000.

21 May 2014

Interest rate increase should be 'nothing to fear': FSE Manchester panel debate

Latest News

Interest rate increase should be 'nothing to fear': FSE Manchester panel debate

At the panel debate at today's Financial Services Expo Manchester, held at the Emirates Old Trafford, a group of industry names discussed when a base rate increase would be likely - and how this would affect the mortgage market.

21 May 2014

Metro Bank cuts rates on five year fixes

Mortgages

Metro Bank cuts rates on five year fixes

From today Metro Bank is offering a refreshed five year fixed rate residential mortgage range, reducing prices by 10bps.

21 May 2014

Number of crowdfunding platforms jumps 50%

Number of crowdfunding platforms jumps 50%

The number of crowdfunding platforms operating in the UK rose by over 50% in 2013 according to Nesta.

21 May 2014

Average London price hits over half a million

Latest News

Average London price hits over half a million

According to a survey from haart, the average London property price has reached £501,056 - up 26.1% annually and 4.3% on month. This means an annual growth of £103,761.

21 May 2014

April sees highest mortgage lending since 2008: CML

Mortgages

April sees highest mortgage lending since 2008: CML

Gross mortgage lending was an estimated £16.6 billion in April, according to the Council of Mortgage Lenders.

21 May 2014

Brokers turn to second charge over remortgage after MMR

Mortgages

Brokers turn to second charge over remortgage after MMR

National second charge distributor Smart Money has reported a growing number of mortgage brokers who are enquiring about second charge loans because of the changes to affordability instigated by some first charge lenders.

21 May 2014

2.3m homeowners plan to raise money through downsizing

Retirement

2.3m homeowners plan to raise money through downsizing

Up to 2.3 million homeowners aged 55 and over are banking on raising money from their homes through downsizing and on average expect to raise around £85,300 each from their property deals, according to Prudential.

21 May 2014

1 in 10 at risk of being trapped in unaffordable mortgage, study finds

Mortgages

1 in 10 at risk of being trapped in unaffordable mortgage, study finds

One in ten of today’s mortgagors risk being imprisoned by borrowing deals which are likely to make repayments unaffordable as interest rates rise over the next four years according to independent think tank the Resolution Foundation.

20 May 2014

Four largest banking groups bring in 63% of complaints: FOS

Latest News

Four largest banking groups bring in 63% of complaints: FOS

The Financial Ombudsman Service today published its annual review showing that During the year four of the UK’s largest banking groups accounted for 63% of all complaints they received.

20 May 2014

Latest Money Careers

Popular this week