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PLSA elects new council chairs

PLSA elects new council chairs

The Pensions and Lifetime Savings Association has elected new chairs for its Defined Benefit and Defined Contribution Councils.

09 Aug 2017

NatWest to overhaul buy-to-let proposition

NatWest to overhaul buy-to-let proposition

NatWest Intermediary Solutions has confirmed its approach to the PRA's new underwriting standards for portfolio landlords and has announced that it will be making several changes to its overall buy-to-let proposition in Q4.

09 Aug 2017

Network CEO banned and fined £87k after Upper Tribunal backs FCA

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Network CEO banned and fined £87k after Upper Tribunal backs FCA

The Upper Tribunal has upheld the FCA's decision to ban Charles Palmer, former CEO of Financial Limited and Investments Limited, as well as impose a financial penalty of £86,691.

09 Aug 2017

Bank of England implements strategy to identify conflicts of interest

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Bank of England implements strategy to identify conflicts of interest

The Bank of England has implemented all of the recommendations in a review on its approach to identifying and managing conflicts of interest.

09 Aug 2017

Octopus launches Innovative Finance ISA

Octopus launches Innovative Finance ISA

Octopus Investments has launched its Innovative Finance ISA through peer-to-peer lending product Octopus Choice.

09 Aug 2017

Positive Lending launches Hodge Lifetime's 55 Plus mortgage

Positive Lending launches Hodge Lifetime's 55 Plus mortgage

Positive Lending has today added Hodge Lifetime to its lender panel as part of its 'new lender a day for a week' campaign.

09 Aug 2017

Saffron revamps self-employed and contractor mortgages

Saffron revamps self-employed and contractor mortgages

Saffron For Intermediaries has overhauled its self-employed and contractor mortgage ranges.

09 Aug 2017

Secure Trust appoints BDMs for Midlands and South

Secure Trust appoints BDMs for Midlands and South

Secure Trust Bank Mortgages has appointed Jez Quinn and Jonathan Mann as Business Development Managers.

08 Aug 2017

A busy summer ahead for remortgaging: Barclays quarterly review

A busy summer ahead for remortgaging: Barclays quarterly review

In our last quarterly review we outlined that, on paper at least, the remortgage market appeared to have been on somewhat of a rollercoaster ride. Not that this stopped us from looking forward to some favourable conditions in the coming months. The mood entering Q2 was largely positive and not just because we were entering a time of year when the housing/mortgage market historically starts to heat up. Of course it was also prudent to be realistic about the wider issues affecting the financial services industry. There was still the ever-looming influence of Brexit in the air and some worldwide political instability. Little did we know that additional political uncertainly would emerge in the UK thanks to the calling of the snap General Election.

08 Aug 2017

Nationwide cuts high-LTV fixed rates

Nationwide cuts high-LTV fixed rates

From tomorrow, Nationwide Building Society is cutting rates on selected two, three and five-year fixed rate mortgages at higher LTVs by up to 0.10%.

08 Aug 2017

 

Private pension incomes soar but inequality widening: ONS

Private pension incomes soar but inequality widening: ONS

For the 79% of retired households with private pensions income in 2016, their disposable income on average was 1.6 times higher than those without private pensions income, ONS analysis shows.

08 Aug 2017

Castle Trust confirms portfolio lending approach

Castle Trust confirms portfolio lending approach

Castle Trust Capital has announced the approach it will take to implement the PRA's new underwriting standards for portfolio landlords.

08 Aug 2017

Together appoints three new business development managers

Together appoints three new business development managers

Together has appointed three new business development managers to expand its intermediary team across the UK.

08 Aug 2017

Are experts destroying trust in pension advisers?

Are experts destroying trust in pension advisers?

Many pension experts are "helping to destroy trust in pensions" as scrutiny intensifies on advisers dealing with pension transfers, according to Simon Chrystal, CEO of UK Workplace Solutions.

08 Aug 2017

Positive adds Marsden’s older borrower range to panel

Positive adds Marsden’s older borrower range to panel

Positive Lending has added Marsden Building Society’s older borrower products to its lending portfolio as part of its 'new lender a day for a week' campaign.

08 Aug 2017

Advisers call for personalised protection products

Advisers call for personalised protection products

The majority of advisers want to see personalised protection products for common conditions as well as different customer segments, according to iPipeline research.

08 Aug 2017

The Mortgage Hut adds seven new distribution partners

The Mortgage Hut adds seven new distribution partners

The Mortgage Hut has added new distribution partners including Century 21, Taylor Hill & Bond, Aspire Estate Agents, Wayne Simons Estate Agents, Property Bee, Home Agency and IFA, Grovesnor Birch to its network of distribution partners.

08 Aug 2017

UK household wealth rises 9% to over £10 trillion

UK household wealth rises 9% to over £10 trillion

Total household wealth in the UK grew by £892 billion, or 9%, in 2016 to reach an estimated £10.5 trillion - driven by growth in the value of both financial and housing assets, according to Lloyds Bank research.

08 Aug 2017

Startup challenger Tandem acquires Harrods Bank

Startup challenger Tandem acquires Harrods Bank

Digital challenger bank Tandem has signed an agreement to acquire Harrods Bank.

07 Aug 2017

Housing supply drops 3.5% since General Election

Housing supply drops 3.5% since General Election

New property listings across the UK have fallen for the second consecutive month since the General Election, down 1.6% in July after a drop of 1.9% in June, according to House Simple research.

07 Aug 2017

Rate rise - an opportunity for brokers to show their worth

Rate rise - an opportunity for brokers to show their worth

There are two words that are sure to strike fear into the hearts of many mortgage holders - rate rise. And that fear surrounding the prospect of a base rate hike is sure to be rising fast at the moment. In June three members of the Monetary Policy Committee voted for a rate rise and one of them, Michael Saunders, has been particularly vocal on the subject. Indeed, in an interview with the Guardian newspaper Saunders claimed households should be prepared for rate rises. But while this may be the last thing homeowners want to hear, what it does present is an opportunity for brokers to show their worth.

07 Aug 2017

Leeds outlines buy-to-let approach ahead of PRA rule change

Leeds outlines buy-to-let approach ahead of PRA rule change

Leeds Building Society has revealed its approach to the new buy-to-let lending rules which come into force next month.

07 Aug 2017

Positive starts 'new lender a day for a week' campaign with Tipton & Coseley

Positive starts 'new lender a day for a week' campaign with Tipton & Coseley

Positive Lending has kicked off its 'new lender a day for a week' campaign with the addition of Tipton & Coseley Building Society to its specialist lending panel.

07 Aug 2017

Residential product numbers rise for 15th consecutive month

Residential product numbers rise for 15th consecutive month

August is set to see yet another increase to residential mortgage product numbers, according to Moneyfacts data.

07 Aug 2017

Spring Finance cuts rates by over 2%

Spring Finance cuts rates by over 2%

Second charge mortgage provider, Spring Finance, has introduced three and five-year fixed rate products to its portfolio as well as cutting existing rates by over 2% on certain plans.

07 Aug 2017

The Right Mortgage launches conveyancing platform

The Right Mortgage launches conveyancing platform

The Right Mortgage & Protection Network has launched a new conveyancing platform, The Right Conveyancing.

07 Aug 2017

Retiree housing wealth rises 1.4% to over £370bn

Retiree housing wealth rises 1.4% to over £370bn

Total housing wealth available to over-55s in the UK through equity release rose to over £372 billion in the second quarter of 2017, Retirement Advantage data shows.

07 Aug 2017

House price growth sees fourth consecutive fall: Halifax

House price growth sees fourth consecutive fall: Halifax

House prices between May and July were 0.2% lower than in the previous three months, according to the latest Halifax house price index.

07 Aug 2017

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