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BoE reveals credit availability falls 'significantly' in Q3

BoE reveals credit availability falls 'significantly' in Q3

According the Bank of England's Credit Conditions Survey, lenders' willingness to lend fell in Q3.

07 Oct 2014

Aegon’s platform becomes fastest growing in the market

Aegon’s platform becomes fastest growing in the market

In July, Aegon announced that assets under management on the Aegon Retirement Choices and One Retirement platforms hit the £2bn mark, and there are no signs that momentum is slowing.

07 Oct 2014

JFM launches no-fee income drawdown plan

JFM launches no-fee income drawdown plan

Pension fund manager JFM has launched a simple no-fee income drawdown product as demand for low-cost alternatives to annuities continues to increase.

07 Oct 2014

Quantum large loans sees initial enquiries of over £300m

Quantum large loans sees initial enquiries of over £300m

In the two weeks since the large loan and development brand launch of Quantum by Bridgebank Capital, the lender has received initial enquiries totalling a value in excess of £300 million.

07 Oct 2014

Shawbrook boosts post-completion team

Shawbrook boosts post-completion team

Shawbrook Bank has appointed Sohail Degia as a second Short Term Loan Portfolio Officer to its post-completion team.

07 Oct 2014

Openwork to launch adviser academy

Openwork to launch adviser academy

Openwork is seeking to attract and develop the next generation of financial advisers through the launch of a training academy designed to help its member firms build succession planning into their practices.

06 Oct 2014

Affordability in the long term cannot be determined at application

Affordability in the long term cannot be determined at application

Supporting borrowers who fall in to arrears through no fault of their own is just as important as checking affordability before lending, says John Bridge (Director of Sales and Marketing) at Cirencester Friendly.

06 Oct 2014

Capital Bridging Finance obtains FCA regulation

Capital Bridging Finance obtains FCA regulation

Capital Bridging Finance Limited, the national bridging loan lender, has obtained authorisation from the FCA to accept and administer regulated bridging loan applications.

06 Oct 2014

RDG acquires Assurant Intermediary

RDG acquires Assurant Intermediary

Ryan Direct Group has announced that it is to acquire Assurant Intermediary Limited, a subsidiary of Assurant Group Limited, which provides home and protection insurance products to IFAs and mortgage brokers.

06 Oct 2014

Post Office expands mortgage range to include best buy deals

Post Office expands mortgage range to include best buy deals

Post Office has expanded its mortgage range to include a number of best buy mortgages to cater for a range of borrowers.

06 Oct 2014

 

Mortgage Trust launches 12 new fixed rate products

Mortgage Trust launches 12 new fixed rate products

Mortgage Trust, the Paragon owned buy-to-let lender, has boosted its product range to include 12 new fixed rate products.

06 Oct 2014

Funding position is a key concern for almost half of pension schemes

Funding position is a key concern for almost half of pension schemes

With UK pension funds boasting over £1 trillion worth of liabilities, a new Engaged Investor report – sponsored by Partnership and JLT Employee Benefits – asked over 100 UK pension trustees their views on de-risking and the medically underwritten bulk annuity market.

06 Oct 2014

LMS announces partnership with Accord Buy to Let

LMS announces partnership with Accord Buy to Let

LMS, one of the UK’s leading conveyancing panel management specialists, has announced a partnership with Accord Buy to Let.

06 Oct 2014

40% of parents raid savings to support their children

40% of parents raid savings to support their children

Parents are under unprecedented pressure to bail out dependent children at the expense of parents’ own retirement plans, wealth manager Brewin Dolphin can reveal.

06 Oct 2014

UK’s first Retirement Savings Map reveals regions' saving habits

Retirement

UK’s first Retirement Savings Map reveals regions' saving habits

Friends Life has created the UK Retirement Savings Map based on the savings behaviour of over 18,000 people.

06 Oct 2014

Financial services firms see fastest growth since 2007

Financial services firms see fastest growth since 2007

The UK’s financial services firms saw strong growth in business volumes in the three months to September, with profits rebounding and hiring on the up. That’s according to the 100th CBI/PwC survey of the sector, out today.

06 Oct 2014

Dudley BS aims to improve broker service

Dudley BS aims to improve broker service

Dudley Building Society, which only lends through the intermediary sector, has announced that while it already offers its broker partners a 10 day application to offer service standard, it aims to improve the service it offers.

06 Oct 2014

Could falling London prime prices cause domino effect?

Could falling London prime prices cause domino effect?

House prices in London's most expensive areas are plummeting, sparking fears of a domino effect of house price falls across the UK.

03 Oct 2014

Technology – changing brokers' lives for the better

Technology – changing brokers' lives for the better

After several years spent lagging behind the rest of the financial services industry, the UK mortgage market is now playing a lead role in the development and adoption of industry leading technology solutions.

03 Oct 2014

Minimum wage property options now available to another million people

Minimum wage property options now available to another million people

Over a million workers who are on minimum wage have received a welcomed pay rise this week, leading industry professionals to assess the affordability of property available to low income workers.

03 Oct 2014

Number of secured loan products soars

Number of secured loan products soars

Latest figures from the Loans Warehouse Secured Loan Index show that despite a lending drop in August, the number of lenders and products are now at a post-credit crunch high.

03 Oct 2014

Aldermore expected to make £800m on stock market debut

red and black graphs

Aldermore expected to make £800m on stock market debut

Following the announcement on 22 September 2014 of its intention to float, Aldermore Bank is confirmed to float on 17 October with the company targeting a valuation of around £800m.

03 Oct 2014

Almost half of young buyers unaware of HTB scheme

Almost half of young buyers unaware of HTB scheme

A survey of 1000 people actively looking for property to buy has provided further evidence that Generation Y is turning to family, rather than government schemes to get on the property ladder.

03 Oct 2014

Enhanced annuity rates suffer 5% drop

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Enhanced annuity rates suffer 5% drop

My Pension Expert research has revealed a 5.019% drop in Enhanced Annuity rates during the last 12 months.

03 Oct 2014

Prudential launches retirement modelling tool for advisers

Retirement

Prudential launches retirement modelling tool for advisers

Prudential plc has launched an online retirement modelling tool to help advisers give their clients simple answers to the complex questions about retirement planning.

03 Oct 2014

Blemain Group goes for growth as it celebrates 40 years

Blemain Group goes for growth as it celebrates 40 years

Specialist lender Blemain Group marked its 40th birthday by gathering brokers, financial intermediaries and industry professionals together for a celebration which saw the Group’s bosses highlight its appetite for further growth and its continued dedication to its customers.

02 Oct 2014

CML welcomes Help to Buy comments from FPC

CML welcomes Help to Buy comments from FPC

The Council of Mortgage Lenders welcomes the Financial Policy Committee's assessment to the Chancellor today that no changes are needed to the Help to Buy: mortgage guarantee scheme, which is working as intended, and not causing market distortions or any threat to financial stability.

02 Oct 2014

New lender joins CML

New lender joins CML

New BTL and specialist lender Fleet Mortgages has today announced its membership of lender trade association, the Council of Mortgage Lenders.

02 Oct 2014

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