Latest News

1 in 5 clients risks breaching new pension allowance

Retirement

1 in 5 clients risks breaching new pension allowance

Advisers estimate that one in five (19%) of their clients is in danger of breaching the reduced pension lifetime limit by the time they reach retirement age, according to a new study by venture capital investor Albion Ventures.

26 Feb 2014

UK GDP confirmed at 0.7% in Q4

Latest News

UK GDP confirmed at 0.7% in Q4

UK GDP was estimated to have increased 1.8% in 2013, according to the latest figures from the Office for National Statistics.

26 Feb 2014

Remortgage beats trends with 12% increase in January

Mortgages

Remortgage beats trends with 12% increase in January

LMS figures reveal that monthly gross remortgage lending increased by £468m in January, to £4.27bn.

26 Feb 2014

Half of brokers concerned over impact of MMR affordability checks

Mortgages

Half of brokers concerned over impact of MMR affordability checks

Intermediary mortgage lenders and brokers are continuing to express concerns about the immediate impact of new affordability checks for borrowers, resulting from the MMR which becomes fully operational two months today.

26 Feb 2014

MAB chooses Mortgage27 for online mortgage sourcing

Mortgages

MAB chooses Mortgage27 for online mortgage sourcing

Provider of web-based mortgage sourcing systems, Mortgage27, has today announced that it has been selected by Mortgage Advice Bureau to power online mortgage sourcing within MAB’s in house point of sale and CRM system, known as MIDAS Pro.

26 Feb 2014

Insurance can remove reliance on payday loans

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Insurance can remove reliance on payday loans

[Blog from Tim Johnson, CEO of Paymentshield]

25 Feb 2014

Shawbrook boosts broker support with new BDE

Shawbrook boosts broker support with new BDE

Shawbrook Bank is ramping up the value it adds to its brokers, with the addition of a new Business Development Executive to its Commercial Mortgages team.

25 Feb 2014

BBA: Mortgage approvals up 57% to 7-year high

Mortgages

BBA: Mortgage approvals up 57% to 7-year high

According to the latest statistics from the BBA, January, mortgage borrowing was 38% higher than the same month in 2012, despite being down slightly on the previous month.

25 Feb 2014

Chancellor warned bank levy changes are causing instability

Latest News

Chancellor warned bank levy changes are causing instability

Chancellor George Osborne has come under pressure to end the bank levy, as the BBA argued that the decision to regularly hike how much is paid is damaging as banks are given "minimal advance notice" about the changes.

25 Feb 2014

More work to be done on mortgage arrears management, says FCA

Mortgages

More work to be done on mortgage arrears management, says FCA

In a review of lenders’ approaches to mortgage arrears management, the FCA found firms had improved practices, placing greater emphasis on the need to treat customers fairly, but identified areas on which the industry should now focus.

25 Feb 2014

 

Help to Buy trebles number of 95% products

Mortgages

Help to Buy trebles number of 95% products

Aspiring homebuyers with a 5% deposit now have three times more options than before the Help to Buy mortgage guarantee launched, according to the Genworth Mortgage Loan to Value Tracker.

25 Feb 2014

Virgin Money cuts 90% LTV rate

Mortgages

Virgin Money cuts 90% LTV rate

Virgin Money has announced a number of changes across its residential mortgage range, available from today.

25 Feb 2014

FCA plans to fine unidentified banker £2.5m

Latest News

FCA plans to fine unidentified banker £2.5m

The FCA plans to fine a banker £2.5 million over the manipulation of LIBOR, the Financial Times has reported.

25 Feb 2014

HSBC sets aside £1.2bn for consumer redress

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HSBC sets aside £1.2bn for consumer redress

According to its annual results, published today, HSBC has set aside £1.2bn to pay redress to UK customers, including £89.5m for unsuitable investment advice.

24 Feb 2014

GI provider Berkeley Alexander sees 100% increase in January sales

Protection

GI provider Berkeley Alexander sees 100% increase in January sales

General insurance provider, Berkeley Alexander, has got off to a record start in 2014 with results of sales via its distribution partners up by 100% on January 2013.

24 Feb 2014

NatWest Intermediary appoints new Corporate Account Manager

Latest News

NatWest Intermediary appoints new Corporate Account Manager

NatWest Intermediary Solutions has appointed Alan Ferguson as its new Corporate Account Manager, replacing Andy Ingham who has taken up a new position in NatWest’s retail arm.

24 Feb 2014

Research reveals importance of foreign property investors in London

Savings & Investments

Research reveals importance of foreign property investors in London

A new report has revealed that overseas buyers accounted for 15% of new homes purchases in London in 2013.

24 Feb 2014

Rents rise 8% annually as BTL applications rocket

to let signs

Rents rise 8% annually as BTL applications rocket

According to the National & London Lettings Index from Sequence, UK rents have increased by 8% annually to £758 per month as the market picks up momentum.

24 Feb 2014

New equity release lender Pure Retirement launches

Retirement

New equity release lender Pure Retirement launches

Pure Retirement, a new equity release provider, has announced its launch to market with its Pure Drawdown Plan.

24 Feb 2014

Ex-Aldermore Alan Carter joins Investec Asset Finance

Ex-Aldermore Alan Carter joins Investec Asset Finance

Investec Asset Finance today announced the appointment of Alan Carter to its middle ticket team to increase Investec’s offering in this sector.

24 Feb 2014

Relaxed BTL & FTB criteria unveiled by Saffron

Mortgages

Relaxed BTL & FTB criteria unveiled by Saffron

Saffron For Intermediaries, the dedicated broker channel of Saffron Building Society, has enhanced its buy-to-let and first-time buyer lending criteria, by making the following changes:

24 Feb 2014

LV= report sheds light on fixed term annuities

blue screen numbers

LV= report sheds light on fixed term annuities

Retirement specialist LV= has published a second edition 'Fact and Fiction' report for advisers, looking at the personal circumstances and market changes that mean clients should consider fixed term annuities.

24 Feb 2014

Retired homeowners see property wealth grow £7,100 in a year

Retirement

Retired homeowners see property wealth grow £7,100 in a year

Retired homeowners have seen their property wealth grow by an average £7,100 each in the past year as the housing market boom has sent home prices soaring, new research from over-55s financial specialist Key Retirement Solutions shows.

24 Feb 2014

Brightside appoints Paul Williams as CEO

Protection

Brightside appoints Paul Williams as CEO

Brightside, the specialist insurance broker, has announced Paul Williams has today joined the Board as Chief Executive Officer, and to provide his overview of the 2014 strategy.

24 Feb 2014

Martin Reynolds, CEO of SimplyBiz Mortgages

In The Spotlight

Martin Reynolds, CEO of SimplyBiz Mortgages

Financial Reporter had a chat with Martin Reynolds, CEO of SimplyBiz Mortgages.

21 Feb 2014

Overseas mortgages – so much more than just good rates!

Blogs

Overseas mortgages – so much more than just good rates!

It’s a pretty good time to buy overseas property at the moment and buyers are in a strong position, there’s no doubt about that.

21 Feb 2014

Ipswich BS launches 1.97% fixed rate remortgage product

Mortgages

Ipswich BS launches 1.97% fixed rate remortgage product

Ipswich Building Society has launched a competitive two year fixed rate 75% LTV, free valuation purchase and remortgage product.

21 Feb 2014

Treasury committee announces inquiry into SME lending

Treasury committee announces inquiry into SME lending

Following its recent evidence sessions with Sir Andrew Large, Laurence Tomlinson and the Financial Conduct Authority, the Treasury Committee has today announced that it will be conducting a short inquiry into SME lending.

21 Feb 2014

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