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FCA bans payday lending director

FCA bans payday lending director

The Financial Conduct Authority has banned a payday lender director, Andrew Barry Hart, from performing any role in financial services.

13 Oct 2016

Accord rolls out new 90% LTV range

Accord rolls out new 90% LTV range

Accord is helping borrowers with smaller deposits by launching a selection of new 90% loan-to-value mortgages and reducing rates at this LTV tier by up to 0.23%.

13 Oct 2016

Homebuyer demand picks up according RICS

Homebuyer demand picks up according RICS

The Royal Institution of Chartered Surveyors has reported that for the first time since February, new buyer enquiries have increased, albeit modestly.

13 Oct 2016

LendInvest hires VP of Compliance

LendInvest hires VP of Compliance

Online property lending and investing business LendInvest has appointed Willem Wellinghoff as VP of Compliance.

13 Oct 2016

Prestige cuts rates & launches consumer BTL range

Prestige cuts rates & launches consumer BTL range

Prestige Finance, the second charge mortgage specialist and part of OneSavings Bank plc, has made reductions to all variable and fixed rates across its Prime Residential product range, and launches a consumer buy to let offering to complement the existing suite of BTL products.

13 Oct 2016

Precise adds The Loan Partnership to seconds panel

Precise adds The Loan Partnership to seconds panel

Precise Mortgages has added The Loan Partnership to its second charge loans preferred master broker panel.

13 Oct 2016

Magellan launches direct submission for DA & AR

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Magellan launches direct submission for DA & AR

Magellan Homeloans, the specialist mortgage lender, is opening-up its entire product range to both appointed representatives and directly authorised mortgage advisers, on a direct submission basis.

13 Oct 2016

Number of BTL products falls in Q3

Number of BTL products falls in Q3

According to the Complex Buy to Let Index from Mortgages for Business, the average number of buy to let mortgage products available on the market fell for the first time in Q3 since 2013, although product numbers still remain in the thousands.

12 Oct 2016

Govt considers age based pension top-ups

Govt considers age based pension top-ups

The Government is considering reforms to pension tax relief which would provide bigger incentives to save for younger workers with an aged based system.

12 Oct 2016

FCA fines bank £3.25m and restricts deposits

FCA fines bank £3.25m and restricts deposits

The Financial Conduct Authority has fined Sonali Bank (UK) Limited (SBUK) £3,250,600 and has imposed a restriction, preventing it from accepting deposits from new customers for 168 days.

12 Oct 2016

 

Skipton announces cuts to residential range

Skipton announces cuts to residential range

From today, Skipton Building Society will be reducing its 2 and 5 Year fixed rate residential mortgages.

12 Oct 2016

August sees promising mortgage lending: CML

August sees promising mortgage lending: CML

According to figures released by the Council of Mortgage Lenders this morning, homeowners borrowed £12.2bn in August - up 11% year-on-year.

12 Oct 2016

Lenders back away from social media, finds IRESS

Lenders back away from social media, finds IRESS

In contrast to other areas of financial services, lenders’ use of social media has fallen in the last two years, according to the latest edition of the Mortgage Efficiency Survey conducted by IRESS.

12 Oct 2016

Bank of Ireland to pay 0.25% retention proc fee

Bank of Ireland to pay 0.25% retention proc fee

Bank of Ireland for Intermediaries has announced that it will offer a gross retention procuration fee of 0.25% to brokers when transferring Bank of Ireland existing customers.

12 Oct 2016

Connect adds Atom Bank to panel

Connect adds Atom Bank to panel

Connect for Intermediaries, the specialist buy-to-let and commercial mortgage network has added Atom Bank to its comprehensive panel of mortgage lenders.

12 Oct 2016

Key regions for RTB marked by Together

Key regions for RTB marked by Together

Specialist lender Together has announced today that it will be increasing its efforts to serve council and housing association tenants who have the opportunity to buy their properties through the right-to-buy scheme by allocating in excess of £100m of funds for lending to these customers.

11 Oct 2016

Santander launches remortgage fixes from 1.64%

Santander launches remortgage fixes from 1.64%

Santander has announced a new range of fixed two and five year remortgage products, which come with no product fee.

11 Oct 2016

Teachers BS increases max lending age

Teachers BS increases max lending age

Teachers Building Society has increased its maximum lending age at end of term to 83 on all its standard mortgages.

11 Oct 2016

Kuflink Bridging announces growth of sales team

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Kuflink Bridging announces growth of sales team

Specialist bridging lender, Kuflink Bridging, has announced this morning that it has grown its business development team with the appointment of Chloe Carlin to develop business through the intermediary sector around London and the Home Counties.

11 Oct 2016

Is there a perfect storm for retirement planning on the horizon?

Is there a perfect storm for retirement planning on the horizon?

A new report compiled by the Centre for Economic and Social Research on behalf of Saga reveals that defined benefit pensions – based on final salaries and years worked - are fast disappearing in the private sector.

11 Oct 2016

FTB valuations rise in race to beat Help to Buy deadline

FTB valuations rise in race to beat Help to Buy deadline

First-time buyers are racing onto the property ladder as the end of the Help to Buy mortgage guarantee scheme approaches, shows a report from Connells Survey and Valuation.

11 Oct 2016

deVere Mortgages & Al Rayan Bank partner on Sharia-compliant mortgages

deVere Mortgages & Al Rayan Bank partner on Sharia-compliant mortgages

deVere Mortgages and Al Rayan Bank have today announced that they have entered into a strategic partnership to offer Sharia-compliant mortgage alternatives to the growing number of expats looking to purchase property in the UK.

11 Oct 2016

Barclays announce reductions across the range

Barclays announce reductions across the range

Barclays has announced today that it will be delivering a series of reductions across the range, including Residential, Large Loan and Buy to Let products.

10 Oct 2016

Over 55s housing wealth hits £1.5tn

Over 55s housing wealth hits £1.5tn

New research, commissioned by retirement income specialist Age Partnershin, has revealed that over-55s in England have more wealth locked-away in their homes than the entire annual GDP of Italy.

10 Oct 2016

Skipton announces return of 2 year discount products

Skipton announces return of 2 year discount products

Skipton Building Society has announced today that it has reintroduced a residential 2 Year Discount mortgage range with rates from 1.29%.

10 Oct 2016

Financial Reporter launches new Buy-to-Let Roadshow dates

Financial Reporter launches new Buy-to-Let Roadshow dates

Due to the increasing popularity of its Roadshow series, Financial Reporter is delighted to announce a second round of Buy-to-Let Roadshows with seven new specialists.

10 Oct 2016

West Brom cuts fixed rates & removes fees

West Brom cuts fixed rates & removes fees

Building society the West Brom has sharpened up its rates for borrowers looking for a long term fix over ten years.

10 Oct 2016

Over 50s opting for pension safety after Brexit

Over 50s opting for pension safety after Brexit

In the wake of the vote to leave the EU, the gap between a preference for certainty and a desire for flexibility in retirement income has widened among the UK’s over 50s.

10 Oct 2016

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