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Freedom sees record month of secured lending

Freedom sees record month of secured lending

Manchester-based Freedom Finance has today revealed that it completed a record month in September, signalling growing consumer confidence in the newly Financial Conduct Authority controlled market.

15 Oct 2014

Looking back on 10 years of mortgage regulation

Looking back on 10 years of mortgage regulation

It is almost ten years since MDay, or Mortgage Day. On 31st October 2004 the FSA introduced massive regulatory change and the way mortgages were sold would never be the same again.

15 Oct 2014

Lender introduces conveyancing club for specialist lending

Lender introduces conveyancing club for specialist lending

Specialist mortgage distributor, TFC Homeloans are set to include a conveyancing club route in order to further assist brokers with their specialist lending needs.

15 Oct 2014

Young people turn to private sector pensions

Young people turn to private sector pensions

New DWP figures show that automatic enrolment is continuing to play a major role in reversing the decade-long decline in private sector pension saving.

15 Oct 2014

Which? Mortgage Advisers join Magellan Panel

Which? Mortgage Advisers join Magellan Panel

Which? Mortgage Advisers have joined Magellan Homeloans distribution panel, enabling them to advise clients about Magellan’s specialist range of credit repair mortgages.

15 Oct 2014

Opening doors for the newly self-employed

Opening doors for the newly self-employed

Self-employment figures are at their highest in 40 years and still rising. Is this sudden surge of new business start-ups due to an increase in entrepreneurial spirit or the unfortunate high number of redundancies versus shortage of employment opportunities during the financial crisis?

15 Oct 2014

Aldemore cancels LSE float plans

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Aldemore cancels LSE float plans

Aldermore, the UK challenger bank, has pulled its £800m flotation after recent drops in investor confidence meant it was unable to sell enough shares.

15 Oct 2014

Leeds BS reduces rates on five year fixes

Row of colourful houses

Leeds BS reduces rates on five year fixes

Leeds Building Society is refreshing its range of five year fixed rate mortgages at 80% and 85% LTV.

15 Oct 2014

New lender announces distribution panel

New lender announces distribution panel

Fleet Mortgages has today announced the first six firms it has agreed to distribute its products through when the business launches in mid-November

15 Oct 2014

Majority of renters underinsured

Majority of renters underinsured

Millions of families could be putting their financial futures at risk as the number living in rented accommodation grows.

15 Oct 2014

 

Half trapped paying off homes into retirement

Half trapped paying off homes into retirement

Half of over-40s believe they will still be repaying their mortgage (31%) or paying rent (20%) when they retire reveals new research from Specialist Insurer – Partnership.

15 Oct 2014

Gang convicted of £35m mortgage fraud

Gang convicted of £35m mortgage fraud

Four people were sentenced to a total of 34 years imprisonment at Southwark Crown Court following their convictions of numerous charges relating to a wide-scale mortgage fraud that saw innocent homeowners have their properties mortgaged without their knowledge and a respected firm of solicitors go out of business.

15 Oct 2014

Confidence in housing market drops to 12 month low

Confidence in housing market drops to 12 month low

After staying high and steady for the last year consumer confidence in the housing market has fallen to its lowest level in 12 months, according to the latest quarterly Halifax Housing Market Confidence Tracker.

15 Oct 2014

Government to allow access to defined contribution pensions

Government to allow access to defined contribution pensions

The government has today published the Taxation of Pensions Bill, which will change the tax rules to allow individuals aged 55 and above to access their defined contribution pension as they wish from April next year.

14 Oct 2014

Nationwide reduces mortgage rates by up to 0.7%

Nationwide reduces mortgage rates by up to 0.7%

From tomorrow, Nationwide is reducing mortgage rates for customers with small deposits using its Save to Buy scheme.

14 Oct 2014

Adviser jailed for three years after 250k theft

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Adviser jailed for three years after 250k theft

A Horsham financial adviser has had to repay more than a quarter of a million pounds to an elderly man who he stole from after offering financial advice.

14 Oct 2014

£1.5bn paid out in interest rate swap redress, says FCA

£1.5bn paid out in interest rate swap redress, says FCA

The FCA has released an update on the interest rate hedging product misselling scheme, showing that £1.5bn has been paid out as of the end of the September.

14 Oct 2014

Paymentshield adds Zurich to home insurance panel

Paymentshield adds Zurich to home insurance panel

Leading insurance provider Paymentshield has recently increased the options available to its customers by adding Zurich to its home insurance panel, further strengthening its proposition.

14 Oct 2014

UK inflation at lowest rate in five years

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UK inflation at lowest rate in five years

The rate of inflation faced by households in the UK has slowed for September, according to the Consumer Prices Index, standing at 1.2% in the year to September 2014, compared with 1.5% in August.

14 Oct 2014

ONS: House prices up 11.7%

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ONS: House prices up 11.7%

UK house prices increased by 11.7% in the year to August 2014, unchanged from the year to July 2014, according to the latest data from the ONS House Price Index.

14 Oct 2014

Pension popularity boosted by scrapping death tax

Pension popularity boosted by scrapping death tax

New research from Investec Wealth & Investment reveals that around one in six (15%) savers plans to increase the amount invested in their pension as a direct result of Chancellor George Osborne’s plan to scrap the 55 per cent rate on pension funds due when the saver dies.

14 Oct 2014

Shawbrook Bank Commercial division hits £1bn lending total

Shawbrook Bank Commercial division hits £1bn lending total

Shawbrook Bank’s Commercial Mortgages division has today passed £1bn in lending to SMEs and professional property investors.

14 Oct 2014

Equity release experts help advisers gain marketing presence

Equity release experts help advisers gain marketing presence

Three experts in the equity release market are urging advisers to ‘get visible’ in their local marketplace in order to secure greater business levels from the retirement sector.

14 Oct 2014

No room for complacency in bridging

No room for complacency in bridging

[Feature from Matthew Anderson, director of Fincorp]

14 Oct 2014

Flexible pensions tempt more people to exit final salary pensions

Flexible pensions tempt more people to exit final salary pensions

The new flexible defined contribution pension arrangements announced by the Chancellor earlier this year should spark an increase in demand for transfers out of final salary pensions, according to research by professional services company Towers Watson.

14 Oct 2014

FCA bans chartered surveyors

FCA bans chartered surveyors

The FCA has announced that it has stripped chartered surveyor firm Castle Wildish of its permissions due to conduct failures.

14 Oct 2014

Buyers take dim view of two-tier housing market

Mortgages

Buyers take dim view of two-tier housing market

The latest official figures show that population growth in the UK has exceeded 400,000 and with only 134,460 new properties completed over the same one-year period there aren’t enough new homes being built to meet that demand, let alone tackle the backlog of years of underdevelopment.

13 Oct 2014

Mortgage applications top fraud list

Mortgage applications top fraud list

Experian, the global information services company, today reveals that more fraud is being detected and prevented than a year ago, especially third party fraud, as lenders become even more effective in tackling the menace of identity theft.

13 Oct 2014

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