There are 156 articles for the PRODUCTS/NIBS category
Saffron Building Society has introduced a new 5-year fixed product in a bid to strengthen its specialist lending range for landlords, while also improving its rates and reducing arrangement fees on its 2-year limited company buy-to-let (BTL) mortgage
Scottish Building Society has launched a mortgage product designed to allow the purchase or remortgage of holiday lets marked through companies such as Airbnb
Monzo has announced it will be offering short-term loans to its 2.5 million customers as the digital bank looks to take on incumbents with a range of digital banking services
Specialist residential and buy-to-let lender Vida Homeloans has appointed Mil Consiglio as its new key account manager for the Midlands region
UK conveyancer and panel management specialist LMS has partnered with Leek United Building Society, with the firm becoming the twenty-fifth mortgage lender to utilise Panel Link
Saffron Building Society has added new mortgage products to its retirement interest only (RIO) offering, including new fixed rate options and reduced rates on existing RIO products
Paradigm Mortgage Services has revealed the addition of Beverley Building Society to its lender panel
TMA Club has announced the addition of Harpenden Building Society to its lender panel, granting TMA members immediate access to the lender’s range of mortgage products
A landlord stepped in to support his son in purchasing a home by releasing equity against one of his existing rental properties, having the finance provided in ten days after contacting Together
Saffron Building Society has reduced its rates and extended terms on self-employed and contractor mortgages in a bid to further expand its specialist situations range
HSBC Global Asset Management has announced the appointment of Nicolas Moreau as its new CEO
Savers are not receiving the best deals and rates for their savings by sticking with same account provider, research published by the Current Account Switch Service revealed
Hope Capital has extended its lending to borrowers who have filed for bankruptcy, Individual Voluntary Agreements (IVAs) or who have an impaired credit history
Online mortgage broker Trussle has started providing customers with advice on shared ownership mortgages, in a bid to help prospective customers take their first steps on the property ladder
PMS Mortgage Club and Sesame Network have added Gatehouse Bank’s range of finance products to its respective panels
PRIMIS Mortgage Network has announced the addition of specialist lender Together to its lender panel
Attitude Financial Services has announced the launch of a new financial advice proposition targeted at the LGBTQ community
Following its entrance into the later-life lending advice market, Knight Frank Finance has joined the Equity Release Council, making it the first major property firm to do so
Vida Homeloans has recently joined the lending panel of Master Private Finance, the specialist mortgage desk for the mortgage and protection network
Former Mayor of London and Foreign Secretary, Boris Johnson, has been announced as the new Conservative leader, succeeding Theresa May
New research from TSB has revealed that more than half (57 per cent) of over 55s say they never use mobile banking, despite being smartphone users. This is in contrast to 82 per cent of 18 to 34 year-olds who say they use mobile banking
Members of the Sesame network now have access to Investec’s range of mortgages for high-net worth (HNW) individuals, following the addition of the private bank to its panel
Specialist mortgage lender Vida Homeloans has announced the appointment of Claire Ashkam as its new sales manager for the North, supporting its existing key account managers
After acquiring Burrow, eKeeper has worked in coalition with mortgage broker One77 Mortgages to “shape and integrate the technology into the traditional broker model”
Specialist mortgage lender Vida Homeloans has announced the launch of four new residential and buy-to-let (BTL) products
SimplyBiz Mortgages has partnered with 360 Dotnot to offer access to its practice management system, 360 Lifecycle, to member firms
Just under half (46 per cent) of adults in the UK are currently in debt and have blamed the rising cost of independent living as the cause, according to The UK Spending Report, commissioned by Creditfix.co.uk
The Mortgage Lender has extended its 2.83 per cent initial rate with 2 per cent completion Buy-to-Let (BTL) product to the entire market
Members of The Personal Finance Society (PFS) can now mentor and be mentored by other members from anywhere in the world
Specialist buy-to-let lender Fleet Mortgages has today announced the appointment of two new business development managers (BDM), Jacqui Simmons and Katy William
Specialist lender Foundation Home Loans has announced the launch of its new portfolio landlord product, featuring a 3.39 per cent five-year fix and a 1.5 per cent product fee
Individuals with problem debt will be protected by a new Breathing Space scheme, due to be introduced in 2021, City minister John Glen announced today
Specialist mortgage lender Vida Homeloans has announced the appointment of Amanda Meadows as its new key account manager for the North East and Yorkshire region
Newbury Building Society has become the latest lender to join the Equity Release Club’s retirement lending panel
New research has found consumer openness to alternative payment options - including wearables and smartphones - although acceptance of cashless payments comes with a high degree of concern surrounding the ability to secure these devices
Amazon and Synchrony have announced the launch of the Amazon Credit Builder card, for customers who are looking to build or rebuild their credit responsibly
Facebook does not view itself as a payments company and is looking to partner with banks and other players in the market as it considers the role of payments and Open Banking solutions across its family of apps
Specialist lender West One Loans has announced the launch of its first charge Buy-to-Let (BTL) mortgage products
Equity Release Club, the distributor for equity release and later life advisers, has today announced that Family Building Society is the latest lender to be added to its panel
Specialist Buy-to-Let (BTL) lender Fleet Mortgages had launched four new 75 per cent LTV five-year fixes in its standard range
Digital money transfer firm Azimo has partnered with NatWest Markets, as an increasing number of fintech start-ups chase seek expansion by joining forces with larger banks
NatWest yesterday announced the release of its credit card that charges 0 per cent on balance transfers for 23 months and 0 per cent on spending for three months, despite Royal Bank of Scotland (RBS) pledging to not offer this type of product five years ago
TMA Club has today announced the addition of Newbury Building Society to its lender panel, with the lender offering one of the most diverse ranges of products on the club’s panel, while underwriting all cases on an individual basis with no credit scoring required
The intermediary-only, specialist lender Foundation Home Loans announced it has completed its third, and largest, securitisation under the Twin Bridges platform, valued at £329m
Specialist mortgage broker Impact Specialist Finance has announced a packaging agreement with United Trust Bank (UTB), granting it access to the specialist lender’s entire product range
Just Mortgages has partnered with equity release referral service Key Partnerships in a drive to ensure that its brokers can cater fully to the increasing number of clients who need access to the later-life lending market
There were 1.6 billion debit and credit card transactions in the UK in February 2019, increasing by 10.7 per cent when compared to the same month last year and equating to a total value of £60.1bn, figures from UK Finance revealed
The board of Banking Competition Remedies has split the £80 million Capability and Innovation Fund Pool B grants between three large banks
Many people are making significant financial errors which could be damaging their credit rating, with over half of the UK unaware of what their score is, new research has found
New research has revealed that 42 per cent of financial management platform users have more than one bank account, as they take advantage of technological innovation and data sharing in financial services
A total of 929,000 people switched to a different current account in 2018, with the Current Account Switch Service achieving its 5 millionth switch in 2018, the organisation revealed in its annual report, published today
National Savings & Investments (NS&I) has announced that it is increasing interest rates on both its junior ISA and direct ISA by 75 basis points and 15 basis points, respectively
Specialist lender Foundation Home Loans yesterday announced the launch of its new ‘Fix to Flex’ five year, buy-to-let product, targeted at landlords who seek rate certainty along with flexibility allowing them to switch to another rate or lender within the term
There are now more than 170 savings accounts and cash ISAs that beat inflation, as CPI inflation fell to 1.8% in January, the lowest level recorded in two years, and below analysts’ expectations
Specialist lender Foundation Home Loans yesterday announced the promotion of Grant Hendry to head of national accounts
Lloyds Bank has launched a 100 per cent loan-to-value (LTV) mortgage product linked to a savings account in a bid to support more first-time buyers getting a foot on the property ladder
Specialist mortgage lender Vida Homeloans has today announced an overhaul of its product range, marking the largest change since the lender launched into the market in October 2016
Household debt in the UK has not yet hit unsustainable levels, according to Bank of England (BoE) deputy governor for monetary policy Ben Broadbent
More than a quarter of people (27%) have started the new year feeling uneasy about their finances, according to findings commissioned from YouGov by StepChange Debt Charity
Just Group has transformed its lifetime mortgage proposition with the launch of its new Just for You Lifetime Mortgage solution, providing flexibility and greater choice for advisers and their clients; and more...
More than half of savers (53%) are still intending to rely on ISAs to protect interest on their “nest egg” from the tax man, new research from Leeds Building Society (LBS) has revealed
The Royal Bank of Scotland (RBS) has invested in a digital current account targeted towards students and young people that has set out to rival challenger Monzo and Starling
Friday 4 January 2019 has been dabbed “Fat Cat” Friday as, in just three working days, the UK’s top CEOs earn more than what a typical full-time worker will earn in a year, new calculations have found
Over half (58%) of people have cut back on spending in 2018, saving an average of £125 a month, according to the latest Lloyds Bank Spending Power Report
The Consumer Prices Index rate of inflation dropped down to 2.3 per cent over November, down from 2.4 per cent in October 2018, the Office for National Statistics has revealed
Official figures have revealed that a million workers are off sick for more than a month every year, with Royal London statistics finding that over half (52%) of them would worry about their income if they were to become too ill to work for longer than a month
The Co-operative Bank yesterday announced it would bid for a share of the Royal Bank of Scotland’s (RBS) £775m fund aimed at bolstering competition in the business banking market
Financial advisory firms are crumbling under the pressure of a dwindling talent pool and a shortage of specialist skills as competition heats up, according to new research from EY
Peer-to-peer lender Zopa has recently announced that it has acquired its banking license, following up on hints that it would launch a bank
One Mortgage System (OMS), the processing platform for brokers, has boosted its specialist lending offering with the addition of The Mortgage Lender (TML); and more...
Hargreaves Lansdown Lifetime ISA (LISA) bonuses hit £50m this month, the firm has revealed
Vida Homeloans has announced several changes to its senior management team, which have been designed to support the further growth of the lender in the UK specialist mortgage market
Specialist bank Aldermore has today announced the interest rate increases on its fixed-rate cash ISAs
Those in their 30s are the savviest savers, setting aside 58% of their disposable income per month, 16% more than the national average of 42%, according to research published by Charter Savings Bank
Despite worrying levels of debt, almost half (46%) of consumers claimed that they did not need any advice, according to a report published by Arrow Global
Half of people have not switched savings accounts or cash ISA in the past five years, with 40% having never switched, Hargreaves Lansdown has revealed
Registration is now open for the 2019 Sustainability Summit, which offers pension funds, insurance companies, charities and corporates the chance to learn and network alongside their peers
Over half of young Brits are ‘living hand to mouth’, with a majority of those aged between 21 and 38 spending 41% of their income on rent or a mortgage and bills, new data has revealed
Specialist buy-to-let mortgage lender Landbay has today announced its new partnership with TMA Club, which will allow the firm to provide brokers and their landlord clients with access to its specialist lending products; and more...
The tendency for a growing number of workers to become self-employed is leaving thousands of people with huge sums of debt, according to The Money Advice Trust
Paragon is today expanding its buy-to-let mortgage range to include mortgages for expat landlords with rental property in the UK and UK holiday lets; and more...
Discount mortgages starting at 0.99% have been added to Leeds Building Society’s variable rate residential range
TMA Club has today announced an exclusive two-year discount deal for self-employed borrowers with Buckinghamshire Building Society
National Westminster Bank (NatWest) has tripled its funding to prepare UK firms for Brexit, setting aside an additional £2bn to support companies which rely on EU exports, labour or foreign exchange rates
Schroders and Lloyds Banking Group have today announced a wealth management strategic partnership and agreement to manage £80bn of Scottish Widows and Lloyds assets
Buy-to-let and specialist lender Fleet Mortgages has today announced the promotion of Graham Le Bas to the role of national sales manager
The winners of the third MoneyAge Awards 2018 were announced last night at a gala ceremony in London
The Mortgage Lender has transformed its residential product range, introducing higher LTV’s, more targeted pricing, reduced completion fees and a cashback range in a bid to offer more tailored products to home buyers
With the budget fast approaching, mutual provider Foresters Friendly Society has highlighted the importance of the Lifetime ISA (LISA) in supporting home ownership and retirement ambitions of younger savers
Almost 60% of payday loan users have been forced to pay back more than they expected as a result of hidden or unexpected fees charged by lenders, revealed new research from Kantar TNS
Royal Bank of Scotland (RBS) yesterday unveiled a new savings product offering a rate of 1.5%, just weeks after Goldman Sachs entered the British market
Kent Reliance, part of specialist mortgage provider and retail savings group OneSavings Bank, has announced its decision to increase the procuration fees for product transfer from 0.25% to 0.30%
Saga has launched a regular drawdown lifetime mortgage, which allows people to set how much money they would like to receive each month, with a minimum of £200; and more...
Specialist buy-to-let mortgage lender Landbay has today announced a new partnership with the Julian Harris Adviser Network; and more...
Current savings levels in ISAs are “far too modest to even scratch the surface” of paying for residential care in later life, according to Just Group
TMA Club has today announced that it is expanding its offering by adding Saffron for Intermediaries to its range of lenders; and more...
Specialist mortgage lender Vida Homeloans is launching in Scotland with its range of criteria-driven products as part of its ambitious growth plans
Specialist buy-to-let lender Landbay has refreshed its product criteria, increasing its maximum loan size from £1m to £1.5m and a maximum LTV of 75%; and more...
Almost a third (31%) of people in the UK believe that they will not be able to repay their debt within their lifetime, while 12% state they will not be able to reduce their debt levels, according to new research from Equifax
The UK’s third largest equity release lender, more 2 life, has today announced that it is adding a drawdown facility to its Capital Choice Plan, allowing customers to withdraw a minimum amount of £2,000 and a maximum drawdown amount of double the initial loan amount; and more...
The number of product options available across the later life lending market has more than doubled in two years, helping to drive growth in the equity release market
VitalityLife launches Risk Calculator and more...
One in eight (13%) adults in the UK have reported they would need to sell their family home if they lost their income, with 53% of them having no financial provision in case that were to happen, according to the Cost of Resilience report from Zurich UK
Specialist and buy-to-let lender Fleet Mortgages yesterday celebrated its fourth birthday, having launched on 17 September 2014
Hargreaves Lansdown (HL) has introduced a new service for cash savers which will allow them to pick and mix fixed term savings products from a range of UK banks and building societies through one online account; and more...
The Personal Finance Society (PFS) has recently announced it is unveiling its new Financial Planning Practitioner Panel for 2018/19
Answers in Retirement Group (AIR Group) has recently announced the launch of its new physical ‘Learning Hub’ for later life advisers
Kent Reliance, part of specialist mortgage provider and retail savings group OneSavings Bank Plc, has today announced that it is making rate reductions to its five-year fixed buy-to-let (B2L) mortgages for 75% and 80% LTV products; and more...
The latest product and mandate announcements....
Moneyhub has recently announced that it has secured Payment Initiation Services Provider (PISP) authorisation from the FCA, cementing its place as a pioneer of open banking; and more...
Following the launch of Vida Homeloans helping hand mortgage, the first joint borrower sole proprietor mortgage to be offered by a specialist lender, the lender is offering mortgage brokers the opportunity to help a local school, community centre, charity or sports club
Consumer finance new business grew by 9% in June, compared with the same month a year earlier, according to the latest figures released today by the Finance & Leasing Association (FLA)
Legal & General Home Finance has recently announced a new 5-year partnership agreement with Virgin Money, which will see the retirement lender offer its lifetime mortgage product range to the bank’s interest-only customers aged 55 and over; and more...
Almost 80% of adults in the UK have made a contactless payment in the last year, with over 19 million (37%) stating that contactless is their first-choice payment method for purchases under £30, according to new research from GoCompare Money
Foundation Home Loans has recently announced the launch of its lowest ever fixed rates with its new ‘Summer Special’ buy-to-let (B2L) product, specifically created for individuals, portfolio landlords and limited companies
Paradigm Mortgage Services has recently announced that it has added Masthaven Bank to its lender panel
Specialist mortgage lender for intermediaries Vida Homeloans has recently reduced several five-year fixed rate buy-to-let (B2L) products by up to 0.75 per cent
National Savings and Investments (NS&I) has recently announced that it is reducing its interest rate on its Direct ISA by 25 basis points from 1% tax free to 0.75% tax free from 24 September 2018
Knowledge Bank has recently announced the development and introduction of its criteria search system, application programming interface (API)
UK challenger bank and specialist buy-to-let (B2L) lender Paragon has announced that it is extending its portfolio mortgage products to the Scottish market, available for limited company landlords, houses in multiple occupation (HMOs) and multi-unit blocks
New research from Gatehouse bank has revealed that 79% of Shariah-compliant banks now offer better savings rates than the market average, with its product trumping easy access accounts, fixed term accounts, and 30, 60 and 90 day notice accounts
The specialist mortgage lender for intermediaries Vida Homeloans has “revamped” its fee saver residential mortgage range, with properties up to £500,000 now qualifying for a free valuation and £49 assessment fee
Barclays will double its cap on unsecured lending to small businesses from £50,000 to £100,000 in a bid to increase its lending volumes
New figures released by the Finance & Leasing Association (FLA) found that consumer finance new business grew by 11% in May 2018, compared to the same month last year
The value of new business in the second charge mortgage market in May 2018 was equal to £88m, representing a slight decline of 1% on the previous year, according the latest figures from the Finance & Leasing Association (FLA)
Equity release lender more 2 life has recently revealed that unsecured debt amongst 55 to 74 year olds has risen by more than a third over the past four years, which is twice as fast the national average
InterBay Commercial, part of specialist lending and retail savings group OneSavings Bank (OSB), has partnered with Legal & General Mortgage Club to offer the club members access to InterBay’s range of commercial, semi-commercial, B2L, HMO and bridging products
Paradigm Mortgage Services has today announced that private bank Hampden & Co has joined its lender panel, allowing its members to introduce high net-worth clients to the bank and granting it access to its range of lending products
Kent Reliance, a member of the OneSavings Bank group, has recently announced that the option to remortgage a property from day one will now be offered to all intermediaries for residential and buy-to-let loans
Despite 61% of UK adults having saved over £1,000, almost one in four are reluctant to invest their personal savings, according to new research from Oaksmore ISA, with savers opting to leave their funds in bank accounts which attract little or no interest
AJ Bell has recently launched a stocks and shares Lifetime ISA (LISA) for clients of financial advisers via the AJ Bell Investcentre platform, becoming the second adviser platform to offer a LISA
NS&I has cut the savings limit on its one and three-year Guaranteed Growth Bonds and Guaranteed Income Bonds from £1m to £10,000, reported Hargreaves Lansdown
Vida Homeloans has announced the expansion of its sales team, with three new key account managers who will report into Vida’s south sales manager Stewart Green
Over the past couple of years, consumers have started relying more on technology to carry out their everyday banking activities, and to provide them with alerts and updates relating to their bank account, with UK Finance revealing that banks send over 16 text alerts every second
ING announced that it is expanding its money management platform Yolt to France and Italy, allowing its French and Italian customers to manage their personal finances with a “one-stop” overview of their accounts with most UK banks and other features; and more
Barclays is tightening its lending criteria to a UK economy that is lagging behind the rest of the world, with Barclays chief executive Jes Staley sating that “Brexit uncertainty was helping to stunt economic growth”, which the bank “could not ignore”
Over the past year, high street savings have grown just 1.4%, the lowest rate seen in over ten years, according to the latest figures from UK Finance
PRIMIS Mortgage Network has revealed a new partnership with SmartSearch, enabling its brokers to conduct “the most comprehensive” anti-money laundering (AML) checks possible; and more
TSB handed out around 1,500 free android smartphone devices to business banking customers, which were effectively rendered useless in the midst of the lenders platform migration meltdown
Banks now send more than 16 text alerts every second, with approximately 512 million being sent to bank customers last year, revealed UK Finance
Landbay has announced its new partnership with Legal and General Mortgage Club to provide mortgage brokers and their clients with access to its products; and more
Over half (51%) of the British population under the age of 45 would be interested in banking products or services from technology giants such as Apple, Google or Amazon, revealed research from Equifax
The majority of comparison websites that compare best the best savings rates in the UK do not rank Shariah-compliant banks alongside mainstream products, according to research conducted by Gatehouse Bank
Landbay has recently reported its strongest quarter to date and has revealed plans to increase its headcount by 70% by summer 2018; and more
Post Office Money has recently launched a product for first-time buyers which does not require them to have a deposit to buy a property
Choice in the credit card market is being squeezed as providers take a more cautious attitude to lending, following warnings over excessive consumer spending.
Scottish Widows has launched ‘drip-feed drawdown’, a phased retirement income capability, which is available through its retirement account
For the first two months of 2018, consumer spending saw the strongest reduction for the opening of a year since 2012, a trend that is looking likely to continue going forward, according to Visa’s UK Consumer Spending Index
Legal & General has announced the launch of its new mortgage product, the Optional Payment Lifetime Mortgage (OPLM), designed to help the growing number of borrowers in retirement who are “trapped” between the traditional lifetime mortgage and residential mortgage markets
deVere Group has expanded its deVere Germany brand even further by opening offices located near Marienplatz, in an operation that will be headed by Glen Crossfill
more 2 life, the equity release lender, has announced that recent “product innovations” and “technological advancements” has led to record levels of growth in Q1 2018
As the help-to-buy (H2B) scheme is approaching its fifth anniversary, many homeowners who took advantage of the Governments’ interest free loan will be facing hefty charges come April
The 2018 MoneyAge Awards are now open for entries
Leeds Building Society has announced that it will be lending on more properties on a site, up to a maximum of ten sites or 25% of available units, whichever is greater, to support the government’s affordable housing policy; and more...
OneSavings Bank revamps ICR requirements; Newbury Building Society joins Legal & General Mortgage Club; and more...
7IM launches retirement planning service, new Innovative Finance ISA launched; and more...