Latest News

FCA appoints new supervisory panel

FCA appoints new supervisory panel

The FCA has announced its new Skilled Person Panel, effective until 2021, which is used to carry out s166 reviews where there are specific concerns about a regulated firm’s activities.

04 Apr 2017

Platform to offer 0.3% retention proc fee

Platform to offer 0.3% retention proc fee

Platform, the intermediary lender of The Co-operative Bank, has announced the launch of a new mortgage retention process which will offer a 0.3% procuration fee to intermediaries.

04 Apr 2017

True Potential enters protection market

True Potential enters protection market

Technology and advice firm True Potential has launched a range of protection products available on its own platform, which it says provides advisers with the first end-to-end service of its type.

04 Apr 2017

HSBC extends partnership with Hometrack

HSBC extends partnership with Hometrack

HSBC has signed a one-year contract extension with property analytics firm Hometrack, securing the delivery of valuation and risk services for a twelfth consecutive year.

04 Apr 2017

FCA: Senior Managers Regime is "no free pass for firms"

FCA: Senior Managers Regime is "no free pass for firms"

Mark Steward, Director of Enforcement and Market Oversight at the FCA, has stressed that the Senior Managers Regime "does not mean there will be an end to action against firms, including heavy financial penalties".

04 Apr 2017

Saffron cuts FTB, self-employed and contractor rates by up to 1%

Saffron cuts FTB, self-employed and contractor rates by up to 1%

Saffron For Intermediaries has cut rates and extended the term on several of its mortgages for first-time buyers, the self-employed and contractors.

04 Apr 2017

LendInvest launches pre-construction product

LendInvest launches pre-construction product

LendInvest has launched a new pre-construction finance product targeted at property investors in the primary stages of development as they apply for and await planning permission.

04 Apr 2017

Positive Lending appoints Director of Mortgages

Positive Lending appoints Director of Mortgages

Positive Lending has announced the appointment of Stephanie Charman as Director of Mortgages.

04 Apr 2017

First FCA regulated mortgage robo-adviser to launch

First FCA regulated mortgage robo-adviser to launch

Mortgage Gym, a free online portal combining robo and live-broker advice, has announced its launch in the coming months.

04 Apr 2017

Government launches new measures to unlock brownfield land

Government launches new measures to unlock brownfield land

The government has given councils new tools to speed up development of derelict and underused land for new homes.

03 Apr 2017

 

Scottish Widows launches DB toolkit for advisers

Scottish Widows launches DB toolkit for advisers

Scottish Widows has developed a digital toolkit to help advisers support their clients, following a surge in demand for guidance on defined benefit schemes.

03 Apr 2017

60% of under 40s plan to open Lifetime ISA

60% of under 40s plan to open Lifetime ISA

60% of 18 to 39-year-olds plan to take advantage of the new Lifetime ISA when it launches next week, according to research from The Share Centre.

03 Apr 2017

"A mortgage rate to die for" - utilising second charge for homemovers

"A mortgage rate to die for" - utilising second charge for homemovers

Of all the conflicts in the world, it is perhaps the ‘marital disagreement’ which has raged the longest and is, without doubt, the least understood – especially by outsiders. Being involved in one is something akin to an out of body experience and, while a small number tend to be of a serious nature, most (in my experience) revolve around the minutiae of life.

03 Apr 2017

Landbay reduces rates and revamps criteria

Landbay reduces rates and revamps criteria

Landbay has refreshed its buy-to-let product range, reducing rates and fees across many of its products as well as enhancing criteria across a range of services, including HMO and Expat propositions.

03 Apr 2017

Government reduces Lloyds stake to below 2%

Government reduces Lloyds stake to below 2%

The government has continued to sell shares in Lloyds Banking Group, reducing its remaining shareholding to less than 2%.

03 Apr 2017

Mortgage accessibility hits three-year high: IMLA

Mortgage accessibility hits three-year high: IMLA

Brokers say mortgage accessibility has hit a post-MMR high, with almost a third (30%) encountering no problem sourcing a mortgage for any type of client in the second half of 2016, according to research from the Intermediary Mortgage Lenders Association.

03 Apr 2017

Aegon: FCA fines should fund FSCS to reduce burden on advisers

Aegon: FCA fines should fund FSCS to reduce burden on advisers

Aegon is calling on the FCA and Treasury to think about alternative ways of funding the costs of the FSCS.

03 Apr 2017

Home buyers remain optimistic despite almost half relying on family

young ftb couple with boxes

Home buyers remain optimistic despite almost half relying on family

71% of prospective home buyers are optimistic that they will find the right home this year, despite facing financial concerns when purchasing a new home, according to Tesco Bank research.

03 Apr 2017

Technology is nobody’s fool!

Technology is nobody’s fool!

Remember the Swiss spaghetti trees? The Guardian revealing the existence of a hitherto undiscovered island called San Serriffe? Burger King's launch of left handed burgers? April 1st deceptions have a long and proud history in the UK and around the world, with companies such as BMW developing quite a reputation for the quality of their hoaxes.

01 Apr 2017

In the Spotlight with Craig Hall, Legal & General

In the Spotlight with Craig Hall, Legal & General

We spoke to Craig Hall, New Build Manager at Legal & General, about the Government’s recent Housing White Paper and the future of the New Build market.

31 Mar 2017

HMRC launches criminal investigation into "global financial institution"

HMRC launches criminal investigation into "global financial institution"

HMRC, in partnership with authorities in the Netherlands, Australia, Germany and France, has launched a criminal investigation into suspected tax evasion and money laundering by a "global financial institution".

31 Mar 2017

High-value house price slowdown offsets stamp duty hike

High-value house price slowdown offsets stamp duty hike

Slower house price growth at the top end of the property market over the last year has effectively offset the hike in stamp duty fees for landlords and second homebuyers, according to Private Finance.

31 Mar 2017

FCA relaxes MiFID II call recording rules

FCA relaxes MiFID II call recording rules

The FCA has today published near final rules on the implementation of MiFID II, and has updated the approach it will take to the recording of telephone conversations by retail financial adviser firms following consultation feedback.

31 Mar 2017

Scottish Widows launches lowest ever remortgage rates

Scottish Widows launches lowest ever remortgage rates

Scottish Widows Bank has launched its lowest ever remortgage rates as well as reducing fees across the range.

31 Mar 2017

L&G expands lifetime mortgage range and cuts minimum age to 55

L&G expands lifetime mortgage range and cuts minimum age to 55

Legal & General has expanded its range of lifetime mortgage products with the launch of new Flexible Max and Flexible Max Plus products, meaning it now provides customers with a fee free drawdown facility across its lifetime mortgage range.

31 Mar 2017

Government: rental payments aren't proof of mortgage affordability

Government: rental payments aren't proof of mortgage affordability

The government has rejected a petition which urged lenders to consider rental payments as proof of ability to meet mortgage repayments.

31 Mar 2017

Brightstar expands HNW business

Brightstar expands HNW business

Brightstar’s high net worth business, Sirius Property Finance, has hired three new team members and moved to larger office premises.

31 Mar 2017

Prudential and Blackstone acquire £11.8bn Bradford & Bingley assets

Prudential and Blackstone acquire £11.8bn Bradford & Bingley assets

The Chancellor has authorised an £11.8 billion sale of Bradford & Bingley loans to Prudential plc and to funds managed by Blackstone.

31 Mar 2017

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