Latest News

Advisers should 'segment' clients to cut costs

Latest News

Advisers should 'segment' clients to cut costs

Fresh research from the APFA indicating that the cost of regulation can now be up to 20% of income for many small advisory firms has prompted Kent based DFM Wellian Investment Solutions, to offer three cost saving strategies for IFAs.

26 Jun 2014

Phoebus to launch into Republic of Ireland

Latest News

Phoebus to launch into Republic of Ireland

Primary and special loan servicing solutions provider, Phoebus Software Limited is launching into the Republic of Ireland in Q3.

26 Jun 2014

Front Events celebrates successful first year

Latest News

Front Events celebrates successful first year

Front Events, which operates the Financial Services Expo brand, is celebrating its first year in business today.

25 Jun 2014

New guarantor loan provider enters consumer finance market

Latest News

New guarantor loan provider enters consumer finance market

A new guarantor loan provider, George Banco, has entered the UK consumer finance industry.

25 Jun 2014

Shawbrook appoints Head of Sales for commercial mortgages

Shawbrook appoints Head of Sales for commercial mortgages

Shawbrook Bank has announced the promotion of Emma Cox to Head of Sales for its rapidly expanding Commercial Mortgages business.

25 Jun 2014

Wonga ordered to pay £2.6m redress over fake legal letters

Latest News

Wonga ordered to pay £2.6m redress over fake legal letters

Wonga, the UK’s biggest payday lender, has entered an agreement with the FCA which will see it pay compensation of over £2.6m to around 45,000 customers for unfair and misleading debt collection practices.

25 Jun 2014

Aldermore increases rates ahead of NISA launch

Aldermore increases rates ahead of NISA launch

Aldermore is increasing the rates on its Fixed Rate Cash ISAs ahead of July’s New Individual Savings Accounts.

25 Jun 2014

AToM announces product from Hodge Lifetime

Mortgages

AToM announces product from Hodge Lifetime

AToM, the specialist mortgage packager/distributor, has today announced a new relationship with Hodge Lifetime.

25 Jun 2014

Parents pay an average of 49% of an FTB's deposit

Mortgages

Parents pay an average of 49% of an FTB's deposit

Parents continue to play an important role in their offspring's first property purchase with current homeowners having received, on average, half of their deposit (49%) from their parents or their partner's parents.

25 Jun 2014

HTB2 prevents 95% mortgage lending from falling to mid-crash lows

Mortgages

HTB2 prevents 95% mortgage lending from falling to mid-crash lows

The Help to Buy mortgage guarantee scheme was responsible for just 2.7% of all mortgage transactions in Q1 2014, but new analysis by Genworth shows the scheme rescued lending at 95% LTV from falling back to mid-recession lows.

25 Jun 2014

 

Keystone BTL reduces rates for limited companies

Keystone BTL reduces rates for limited companies

Keystone Buy to Let Mortgages has reduced its rates for limited company applications for the second time in just two months.

25 Jun 2014

LifeSearch broadens over-50s cover

Protection

LifeSearch broadens over-50s cover

LifeSearch has added Engage Mutual’s over 50 life cover to its product portfolio in a move to offer customers a more comprehensive and competitive service.

24 Jun 2014

Dudley Building Society triples profit

Latest News

Dudley Building Society triples profit

Dudley Building Society has announced a tripling of pre tax profit to £556,000 for 2013/4.

24 Jun 2014

Misleading ads undermine bridging professionalism, says Fincorp

Misleading ads undermine bridging professionalism, says Fincorp

Some bridging lenders are deliberately luring borrowers into low monthly interest rate loans that end up costing them thousands more than they anticipated when fees are slapped on top, Fincorp has claimed.

24 Jun 2014

BoE's Carney cools off on rate rise talk

Latest News

BoE's Carney cools off on rate rise talk

Unexpected spare capacity in the UK labour market is likely to absorbed before any future rate rise, Bank of England governor Mark Carney suggested in a speech this morning.

24 Jun 2014

Skipton lowers rates on 2, 3 and 5-year products

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Skipton lowers rates on 2, 3 and 5-year products

Skipton Building Society today announces that it is reducing rates to all 2, 3 and 5 year residential fixed rate mortgages up to 80% LTV and introducing new 2, 3 and 5 year products to 60% LTV to create more choice for customers.

24 Jun 2014

Mortgage borrrowing up 26% in May: BBA

Mortgages

Mortgage borrrowing up 26% in May: BBA

Gross mortgage borrowing of £11.1bn was 26% higher than in May last year, according to the BBA Monthly Statistics release out today.

24 Jun 2014

UTB launches refurb bridging product at 0.95% a month

UTB launches refurb bridging product at 0.95% a month

United Trust Bank has today launched its new short term refurbishment product aimed at experienced property refurbishers and developers.

24 Jun 2014

Masthaven completes £1.6m deal with First4Bridging

Masthaven completes £1.6m deal with First4Bridging

Masthaven and First4Bridging have teamed up to secure a £1.6 million bridging loan, enabling a repeat client to secure their dream home after being constantly gazumped.

24 Jun 2014

Remortgage drop of 17% indicates cooling market

Mortgages

Remortgage drop of 17% indicates cooling market

LMS figures reveal that monthly gross remortgage lending saw a monthly drop of 17% to £3.3bn, down from the £4bn in April reported by the Council for Mortgage Lenders last week.

24 Jun 2014

Retirees most likely to invest in NISA under new rules

Retirement

Retirees most likely to invest in NISA under new rules

Changes announced in the recent budget mean from April 2015 retirees can release up to 100% of their pension savings as cash in one lump sum.

23 Jun 2014

L&G Mortgage Club applications continue to rise post-MMR

Mortgages

L&G Mortgage Club applications continue to rise post-MMR

Legal & General Mortgage Club has reported no adverse impact from the implementation of the Mortgage Market Review with applications and completions continuing to rise.

23 Jun 2014

Leeds BS intermediary team gains new member

Latest News

Leeds BS intermediary team gains new member

Parveen Kumari has re-joined Leeds Building Society’s intermediary mortgage team as Corporate Account Manager, as the Society continues to grow its market share of lending through intermediaries.

23 Jun 2014

Montello surges through £250m a year lending mark

Montello surges through £250m a year lending mark

London-based real estate lender, Montello Finance, have surged through the £250m a year threshold claiming it is now one of the most active bridging lenders in the UK.

23 Jun 2014

Invesco Perpetual joins Panacea Adviser community

Latest News

Invesco Perpetual joins Panacea Adviser community

Panacea Adviser, the online community and resource for financial advisers, has announced Invesco Perpetual has joined its growing community of partner provider firms.

23 Jun 2014

Lenders expect approvals to dip in Q3: BoE

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Lenders expect approvals to dip in Q3: BoE

Demand for secured lending for house purchase was reported to have increased significantly in 2014 Q2, according to the Bank of England Credit Conditions Survey.

23 Jun 2014

Mortgagors could be badly affected by ‘increasingly likely’ BoE intervention

Mortgages

Mortgagors could be badly affected by ‘increasingly likely’ BoE intervention

Today, Springtide Capital has warned that if the BoE were to increase the required capital reserves for lenders in an attempt to address housing market risks, it could cost the average homeowner hundreds of pounds on their mortgage payments.

23 Jun 2014

Annuities should be 'bespoke', says MGM Advantage

Retirement

Annuities should be 'bespoke', says MGM Advantage

MGM Advantage is calling on the industry to follow its lead in ensuring all annuities reflect personal circumstances and should be individually underwritten.

23 Jun 2014

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