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Over half of £1m+ house purchases to take place outside London

Over half of £1m+ house purchases to take place outside London

More than half of £1m+ property purchases are set to take place outside Greater London this year for the first time on record, according to Private Finance research.

12 Jul 2017

Making suitable recommendations

Making suitable recommendations

The FCA has published its long awaited consultation on pension transfer advice. The key objective of the consultation is that advisers should make a personal recommendation whether or not to transfer instead of working to the FCA guidance that advisers should begin with the supposition that a transfer of a Defined Benefit pension to a Defined Contribution pension is unlikely to be in the customer’s interest.

11 Jul 2017

Use of equity release for home improvements up 10%

Use of equity release for home improvements up 10%

Home improvement has been the main reason people choose to withdraw the equity in their property since 2012 and this has increased by 10% over the period, according to research by the Saga Equity Release Advice Service.

11 Jul 2017

Keystone to increase broker proc fees by 0.10%

Keystone to increase broker proc fees by 0.10%

Keystone is increasing its broker procuration fee by 10 basis points on all Classic Range cases.

11 Jul 2017

Hinckley & Rugby mortgage applications top £100m in H1

Hinckley & Rugby mortgage applications top £100m in H1

Hinckley & Rugby Building Society received £103m of net mortgage applications in H1, ahead of a full year target of £200m.

11 Jul 2017

GoCompare invests in regulated robo-adviser MortgageGym

GoCompare invests in regulated robo-adviser MortgageGym

Regulated mortgage robo-adviser, MortgageGym, has announced an investment from GoCompare.

11 Jul 2017

Pre-election confidence drove May remortgage surge

Pre-election confidence drove May remortgage surge

Remortgaging volumes rose in May as borrowers anticipated a 100 seat majority in May’s snap election and a subsequent period of economic stability, according to LMS research.

11 Jul 2017

Housing supply falls in 81% of areas as sellers stick

Housing supply falls in 81% of areas as sellers stick

Last month’s General Election result has "scared off sellers", with new property listings dropping 1.9% in June compared to May, according to House Simple research.

11 Jul 2017

Secure Trust partners with Mortgage Intelligence

Secure Trust partners with Mortgage Intelligence

The mortgage division of Secure Trust Bank has been added to the Mortgage Intelligence and Next Intelligence lender panels.

11 Jul 2017

Kensington’s underwriter tips for contractor mortgage applications

Kensington’s underwriter tips for contractor mortgage applications

Between 2008 and 2016, the number of freelancers and contractors in the UK increased by 43%. In 2016 freelance workers (excluding finance and insurance activities) contributed an estimated £255bn in sales or approximately seven per cent of private sector turnover. With approximately 2 million freelancers in the UK (and 4.8m self-employed people overall,) more and more people are choosing to freelance over full-time employment.

10 Jul 2017

 

Mortgage products soar by over 5,000 in two years

Mortgage products soar by over 5,000 in two years

The number of available mortgage products has increased by 108% over the past two years, meaning an additional 5,172 products have been introduced into the UK mortgage market, according to Mortgage Brain research.

10 Jul 2017

62% of Women in Finance Charter firms now taking specific action

62% of Women in Finance Charter firms now taking specific action

Over two-thirds of finance firms believe that signing up to the Treasury’s Women in Finance Charter will lead to permanent and sustainable change in gender diversity at senior levels across the industry.

10 Jul 2017

Two-year mortgage rates fall to new record lows

Two-year mortgage rates fall to new record lows

The average two-year fixed rate and two-year variable rate have both fallen to new record lows, according to the latest Moneyfacts data.

10 Jul 2017

Brexit and increased risk appetite pose new challenges: PRA's Woods

Brexit and increased risk appetite pose new challenges: PRA's Woods

Sam Woods, the Deputy Governor for Prudential Regulation and CEO of the PRA, says the challenges posed by Brexit, an uptick in risk appetite and regulatory arbitrage mean we "are living through a vital moment in supervision".

10 Jul 2017

L&G updates intermediary case management system

L&G updates intermediary case management system

Legal & General has today announced new upgrades to its intermediary case management system, Online Protection Connect.

10 Jul 2017

TMA adds Keystone Property Finance to panel

TMA adds Keystone Property Finance to panel

Keystone Property Finance has joined TMA’s Mortgage Club, giving members direct access to Keystone’s Classic Range of buy-to-let mortgages.

10 Jul 2017

Octane Capital appoints two senior managers from Octopus

Octane Capital appoints two senior managers from Octopus

New specialist lender, Octane Capital, has announced that Graham Macaulay and Liam Lawlor will be joining the team from Octopus Property to deal with demand for lending which is "sharply above target".

10 Jul 2017

Personal Touch launches client referral tool

Personal Touch launches client referral tool

Personal Touch has launched new client referral technology to help its advisers secure more business.

10 Jul 2017

Landbay partners with L&G to launch BTL insurance

Landbay partners with L&G to launch BTL insurance

Buy-to-let mortgage lender Landbay has partnered with Legal & General to launch Landbay Insurance, a new insurance service for buy-to-let landlords.

10 Jul 2017

Future opportunities outweigh threats

Future opportunities outweigh threats

The UK economy largely shrugged off any uncertainty about the fallout of Brexit in the months following the referendum. However, it’s only since Theresa May triggered Article 50 that the implications of the split, both the arduous task of negotiating the terms and the likely impact, are starting to sink in. The General Election result will further fuel these feelings of uncertainty. Recently, news items have focused on lower prices achieved in some areas along with lower volumes of sales and properties taking longer to sell than previously. But this is no cause to panic.

07 Jul 2017

In the Spotlight with Nichola Bell, Vida Homeloans

In the Spotlight with Nichola Bell, Vida Homeloans

We spoke to Nichola Bell, BDM in the North East for Vida Homeloans, about opportunities and challenges in the region and how regulation has been great for the intermediary market.

07 Jul 2017

Are the days of digi-mortgage advice platforms already numbered?

Are the days of digi-mortgage advice platforms already numbered?

It’s always interesting to see the mindset of a sector when confronted by new, or updated, technology which is perhaps being used for the first time. I’ve talked before about the perceived ‘uber-fication’ of various marketplaces where disruptor propositions see an opportunity that, via relatively new technology, can effectively turn a marketplace on its head. Whether we’re getting that in the mortgage advice market currently though is another issue entirely.

07 Jul 2017

GDP growth remains sluggish at 0.3%: NIESR

GDP growth remains sluggish at 0.3%: NIESR

NIESR estimates that GDP grew by 0.3% in the three months ending in June, the same as recorded in the three months ending in May.

07 Jul 2017

Aldermore outlines approach to PRA underwriting changes

Aldermore outlines approach to PRA underwriting changes

Aldermore has launched a new guide to help brokers and their clients navigate the new PRA underwriting standards which come into effect in September 2017.

07 Jul 2017

Second charge lending continues rebound with 29% rise

Second charge lending continues rebound with 29% rise

Second charge mortgage new business saw continued growth in May, rising 26% by value and 29% by volume compared with the same month last year, according to the latest figures from the Finance & Leasing Association.

07 Jul 2017

Royal London to help advisers meet FCA obligations with new service

Royal London to help advisers meet FCA obligations with new service

Royal London has announced the launch of its new Review Service, developed with advisers to provide them with more support in meeting their FCA obligations.

07 Jul 2017

Admin tasks push broker working week over national average

Admin tasks push broker working week over national average

Nearly half (47%) of brokers operating in the fields of property and asset finance regularly work over 50 hours a week, according to United Trust Bank research.

07 Jul 2017

Precise appoints BDM for East Anglia

Precise appoints BDM for East Anglia

Precise Mortgages has appointed Matt Yates to its sales team to provide support to its network of intermediaries in the East Anglia region.

07 Jul 2017

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