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SMP warns of post-Brexit housebuilding shortage

SMP warns of post-Brexit housebuilding shortage

The Society of Mortgage Professionals have expressed concern that the decision to leave could result in a "shortage of vital labour" in the house-building market.

22 Nov 2016

Bower Retirement enhances platform in rebrand

Bower Retirement enhances platform in rebrand

Bower Retirement has rebranded to focus on increased use of technology as the equity release market expands.

22 Nov 2016

NatWest replaces HTB range with new 95% LTVs

NatWest replaces HTB range with new 95% LTVs

NatWest Intermediary Solutions is launching two new 95% LTV purchase mortgages that will replace the current 95% LTV deals being offered as part of the Help to Buy: mortgage guarantee scheme, which is coming to a close at the end of the year.

22 Nov 2016

TMW cuts rates and offers free valuation across range

TMW cuts rates and offers free valuation across range

From tomorrow The Mortgage Works, the specialist Buy to Let arm of Nationwide Building Society, will be reducing rates on two-year fixed and tracker rates with a £1,995 fee.

21 Nov 2016

Precise and Crystal launch Right to Buy exclusive

Precise and Crystal launch Right to Buy exclusive

Precise Mortgages has teamed up with Crystal Specialist Finance to offer an exclusive Right to Buy product which features a valuation fee refund of up to £630.

21 Nov 2016

Newcastle Intermediaries increases maximum age to 80

Newcastle Intermediaries increases maximum age to 80

Newcastle Intermediaries has increased the maximum lending age for residential mortgages to 80 from 75, with buy-to-let applications continuing to have no maximum age limit at application or end date.

21 Nov 2016

BoE plans to restore FSCS deposit protection limit to £85,000

BoE plans to restore FSCS deposit protection limit to £85,000

The Bank of England's PRA is consulting on plans to restore the limit of protection provided by the FSCS to depositors of PRA-authorised firms from £75,000 to £85,000 on 30 January 2017.

21 Nov 2016

Building society mortgage approvals up 6% in Q3

Building society mortgage approvals up 6% in Q3

The Building Societies Association's mortgage lending and savings figures for Q3 show that lending by building societies continues to grow on an annual basis, maintaining their share of lending in a slowing mortgage market.

21 Nov 2016

Lack of conveyancers poses risk to equity release expansion

Lack of conveyancers poses risk to equity release expansion

Key Retirement is calling for more conveyancing firms to provide specialist equity release services to lenders in order to assist the growth of the market.

21 Nov 2016

Accord launches online offset mortgage accounts

Accord launches online offset mortgage accounts

Customers with an Accord offset mortgage can now manage their accounts online, giving them direct access to their balance and statements, plus enabling them to easily transfer money and set up standing orders. Customers will also be able to make deposits with a debit card.

21 Nov 2016

 

Mortgage regulation impeding access to finance: IMLA

Mortgage regulation impeding access to finance: IMLA

The Intermediary Mortgage Lenders Association has raised concerns that policymakers’ regulatory approach in the wake of the financial crisis has created a market that prioritises stability over popular access to mortgage finance.

21 Nov 2016

Vida Homeloans expands distribution through L&G

Vida Homeloans expands distribution through L&G

Following its recent launch to the UK mortgage market via 12 packagers, Vida Homeloans has today announced a further expansion of its distribution partners to include selected Legal & General Mortgage Club Key Partners and Nouveau members, Intrinsic, Sesame and SimplyBiz.

21 Nov 2016

Government looking to extend auto-enrolment to self-employed

Government looking to extend auto-enrolment to self-employed

Pensions minister, Richard Harrington, has announced the government will be undertaking a review of auto-enrolment and is considering ways to bring self employed workers and low earners into saving under the scheme.

21 Nov 2016

Government to ban pension cold calling

Government to ban pension cold calling

The government will announce its intention to ban pensions cold calling in this week's Autumn Statement.

21 Nov 2016

Paid-for guidance could lead to mis-selling scandal, warns LV=

Paid-for guidance could lead to mis-selling scandal, warns LV=

LV= has warned that creating a market where firms charge for guidance at retirement could lower the take up of regulated advice and create "significant consumer detriment that potentially leads to another mis-selling scandal".

20 Nov 2016

In the Spotlight with David Catt, Hometrack

In the Spotlight with David Catt, Hometrack

We spoke to David Catt, COO at Hometrack, about record low interest rates and improving the liquidity of the housing market.

18 Nov 2016

The Mortgage Works pilots direct to consumer BTL

The Mortgage Works pilots direct to consumer BTL

The Mortgage Works, part of the Nationwide Group, is moving away from its intermediary-only focus to pilot a direct to consumer buy-to-let proposition.

18 Nov 2016

FCA charges sixth defendant over £2.75m fraud scheme

FCA charges sixth defendant over £2.75m fraud scheme

Following an investigation by the FCA, Charanjit Sandhu appeared today before the City of London Magistrates Court charged with conspiracy to defraud, together with offences under the Financial Services and Markets Act 2000 and the Fraud Act 2006.

18 Nov 2016

Millennials willing to pay just £28.50 an hour for advice

Millennials willing to pay just £28.50 an hour for advice

Millennials say they are willing to pay an average of just £28.50 per hour for financial advice, according to research by MRM.

18 Nov 2016

Landbay launches specialist buy-to-let range

Landbay launches specialist buy-to-let range

Peer-to-peer lending platform Landbay has launched a new range aimed at professional landlords, including products for HMOs and expats.

18 Nov 2016

FCA overhauls asset management rules with 'all-in fee' proposal

FCA overhauls asset management rules with 'all-in fee' proposal

The FCA's interim findings of its asset management market study suggest that there is "weak price competition" in a number of areas of the industry.

18 Nov 2016

Industry calls for stamp duty cut in Autumn Statement

Industry calls for stamp duty cut in Autumn Statement

Nick Davies, Head of Residential Development at Stirling Ackroyd, says stamp duty must be cut in order to get the London property market moving.

18 Nov 2016

Nationwide sees record 46% rise in mortgage lending

Nationwide sees record 46% rise in mortgage lending

Nationwide has reported record mortgage lending for the first six months of 2016, with gross mortgage lending increasing by 17% to £17.5 billion and net mortgage lending up 46% to £6 billion.

18 Nov 2016

Conveyancing activity rebounds with 10% monthly rise

Conveyancing activity rebounds with 10% monthly rise

Following the initial shock felt in July and August following the Referendum result when transaction volumes saw year-on-year drops of 10% and 2% respectively, September witnessed an upturn of 10% as confidence returns to the market, according to Search Acumen.

18 Nov 2016

Metro Bank allows mortgage customers to rent out home on Airbnb

Metro Bank allows mortgage customers to rent out home on Airbnb

Metro Bank is enabling its residential mortgage customers to rent their properties through Airbnb, and similar sites, for up to 90 days a year without prior approval.

17 Nov 2016

Peer-to-peer lender Zopa to launch digital bank

Peer-to-peer lender Zopa to launch digital bank

Zopa has announced plans to launch a "next generation" digital bank to sit alongside its peer-to-peer business.

17 Nov 2016

Insurers urge government to ‘refine not replace’ Solvency II

Insurers urge government to ‘refine not replace’ Solvency II

UK insurers are calling for regulators to refine Solvency II to make it more appropriate for the UK market and customers, rather than replace it entirely when the UK leaves the EU.

17 Nov 2016

AE boosts pension saving by £2.5bn in 2015

AE boosts pension saving by £2.5bn in 2015

Automatic enrolment boosted pension membership to 88% and increased pension saving by £2.5 billion per year by April 2015, according to new IFS research.

17 Nov 2016

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