Latest News
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Chancellor outlines extended plans for furlough scheme
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1.5 million payment holidays approved on credit cards and personal loans
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Remortgage instruction volumes grow as market continues recovery
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Intermediaries remain confident in business outlooks, IMLA says
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Added cost of mortgage payment holidays revealed
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39% of UK suffers income drop in last month, survey reveals
Archive News
The Chancellor has announced that a new and more flexible furlough scheme will be in place in the UK from 1 July and that the level of grant provided will slowly be tapered from August.
Rishi Sunak revealed that from September, the Government will start covering 70% of salaries to a cap of £2,190, with employers paying 10%. From October, the Chancellor said the Government will then pay 60% to a cap of £1,875, with employers paying 20%
Rishi Sunak revealed that from September, the Government will start covering 70% of salaries to a cap of £2,190, with employers paying 10%. From October, the Chancellor said the Government will then pay 60% to a cap of £1,875, with employers paying 20%
Posted: 29/05/2020
Thirty-nine per cent of UK consumers have seen their income drop in the last month, according to a new international study from Yolt
Posted: 29/05/2020
UK Finance has confirmed its support for commercial landlord customers as part of the wider banking industry’s ongoing commitment to help business customers through the coronavirus pandemic
Posted: 29/05/2020
Mortgage intermediaries are remaining confident in their own business outlooks following the first quarter of 2020, according to new research published by the Intermediary Mortgage Lenders Association (IMLA)
Posted: 29/05/2020
Remortgage instruction volumes grew by 7.2% between the third and fourth weeks of May, delivering the highest activity levels since the UK went into lockdown, new analysis from Legal Marketing Services (LMS) has revealed
Posted: 29/05/2020
People facing temporary financial difficulties due to coronavirus have been granted almost 1.5 million payment holidays by lenders on their credit cards and personal loans, new UK Finance figures have revealed
Posted: 29/05/2020
iPipeline has announced that The Right Mortgage & Protection Network has adopted its document delivery and e-Sign solution, AlphaTrust, to automate its member firm registration process
Posted: 28/05/2020
Principality Building Society has reintroduced its Joint Borrower Sole Proprietor (JBSP) mortgage offering to the market
Posted: 28/05/2020
The Competition and Markets Authority (CMA) has revealed it secured more than £47m in refunds over the last two years for customers whose banks failed to properly warn them about unarranged overdraft charges
Posted: 28/05/2020
The Deposit Protection Service (The DPS) and safeagent have launched a new free, online course for landlords
Posted: 28/05/2020
Gatehouse Bank has introduced 75% Finance to Value (FTV) limits on its buy-to-let and home purchase plan products
Posted: 28/05/2020
Mortgage payment holidays could add debts totalling as much as £665.08 to a mortgage, according to analysis from money.co.uk and Koodoo
Posted: 28/05/2020
One Mortgage System (OMS) has announced a stage one integration with United Trust Bank (UTB) to offer brokers and networks quicker access to a wider range of specialist lending solutions
Posted: 28/05/2020
The Intermediary Mortgage Lenders Association (IMLA) has urged the Government to consider easing restrictions to help first-time homebuyers lead an economic recovery during the COVID-19 pandemic
Posted: 28/05/2020
Accord Mortgages has removed all property value restrictions and announced it is returning to its maximum loan size to £5m for residential and £1m for buy-to-let applications
Posted: 27/05/2020
Nationwide has announced it is reducing rates on several of its mortgage products by up to 0.25%
Posted: 27/05/2020
Lenders have approved £27.5bn to more than 650,000 businesses so far through the three major government-backed lending schemes, UK Finance has reported
Posted: 27/05/2020
Pent-up demand in the property market is now exceeding the levels recorded before the UK went into lockdown, new analysis from Zoopla has revealed
Posted: 27/05/2020
Knowledge Bank has announced a new partnership with specialist lender, Hodge, to provide brokers with comprehensive criteria sourcing of Hodge's product range on its own intermediary website
Posted: 27/05/2020
The British Business Bank has announced the approval of four new lenders for accreditation under the Coronavirus Business Interruption Loan Scheme (CBILS)
Posted: 27/05/2020
Mortgage Brain has reported that both the product numbers on the mortgage market and ESIS volumes produced from its sourcing systems have continued their recent improvement over the last week
Posted: 27/05/2020
Opportunistic criminals using COVID-19 to their advantage have now successfully scammed more than one in 10 UK consumers (12%), according to research by TransUnion
Posted: 26/05/2020
Intermediaries remain confident in the mortgage market’s prospects for the next 12 months despite the ongoing coronavirus crisis, according to research from Masthaven Bank
Posted: 26/05/2020
MCI Mortgage Club has announced the appointment of Melanie Spencer to lead the group following Phil Whitehouse’s decision to step down from his position as head
Posted: 26/05/2020
Many UK investors planning to buy or sell properties in 2020 have put their plans on hold as a result of COVID-19, according to new research published by FJP Investment
Posted: 26/05/2020
Leek United has launched a new residential affordability calculator to help brokers work out if their clients’ lending amount is affordable when applying for a mortgage
Posted: 26/05/2020
Aspen Bridging has revealed it is increasing its maximum LTV to 75% and raising its top loan amount to £3m
Posted: 26/05/2020
Nationwide has announced a new support package to help protect the homes and finances of members who have been affected by coronavirus
Posted: 26/05/2020
The total tax receipts taken by the Government in April plummeted by 42% compared to the same month last year, according to new analysis by AJ Bell
Posted: 22/05/2020
Accord Buy To Let has announced it is increasing its maximum LTV for remortgage customers to 75% and also re-introducing its house purchase products up to 75% LTV
Posted: 22/05/2020
Zephyr Homeloans has resumed physical valuations following the removal of the Government's restrictions on inspections
Posted: 22/05/2020
The number of over-55s accessing the wealth in their property via equity release increased in the first quarter of 2020, but they took out more modest sums than previously, new data published by Key has revealed
Posted: 22/05/2020
Homeowners struggling to pay their mortgage due to coronavirus will be able to extend their mortgage payment holiday for a further three months, according to new FCA proposals
Posted: 22/05/2020
Two in three individuals in the UK say that worrying about finances has a significant impact on their mental health, according to new research by Smarterly
Posted: 21/05/2020
The Financial Services Compensation Scheme (FSCS) has confirmed it will levy firms £649m during 2020/21
Posted: 21/05/2020
Chancellor, Rishi Sunak, is believed to be planning an extension to the scheme offering three-month mortgage payment holidays, according to reports
Posted: 21/05/2020
The provisional seasonally adjusted estimate of UK property transactions for April was 46,440 residential and 5,930 non-residential, new figures published by HMRC has revealed
Posted: 21/05/2020
The Personal Finance Society (PFS) has urged both the FCA and the Treasury to relieve the pressure on advisers seeking professional indemnity (PI) insurance in the midst of the COVID-19 pandemic
Posted: 21/05/2020
Remortgage instruction volumes returned to their level before lockdown thanks to a growth of 39.7% between the second and third weeks of May, new data from Legal Marketing Services (LMS) has revealed
Posted: 21/05/2020
Paradigm Mortgage Services has announced the addition of buy-to-let (BTL) and specialist lender, Paragon Bank, to its lender panel
Posted: 21/05/2020
More than £18m could be sitting in unused tax-free childcare accounts, according to a Freedom of Information (FOI) request by Royal London
Posted: 20/05/2020
Average house prices in the UK increased by 2.1% over the year to March, up from 2.0% in February, new data published by the Office for National Statistics (ONS) and the Land Registry has revealed
Posted: 20/05/2020
Accord Mortgages has announced it is accepting residential house purchase and remortgage applications up to 90% LTV
Posted: 20/05/2020
Consumer price inflation fell to 0.9% in April, down from 1.5% in March, data from the Office for National Statistics (ONS) has revealed
Posted: 20/05/2020
Mortgage Brain has reported increases in both the number of mortgage products on the market as well as the volume of ESIS produced from its own mortgage sourcing systems, each reaching their highest level since their post-pandemic lows
Posted: 20/05/2020
The UK Supreme Court has ruled that ATM facilities do not need to be assessed separately for business rates
Posted: 20/05/2020
A total 1.6 billion transactions were made on debit cards in February in the UK, a rise of 9.2% from the same month a year earlier, new UK Finance data has revealed
Posted: 20/05/2020
Aspen Bridging has been appointed to Beneficial network’s Specialist Mortgage Lender Panel with immediate effect
Posted: 20/05/2020
The banking and finance industry has approved more than £22bn in loans to 505,040 businesses so far through the three major government backed lending schemes, new figures published by the Treasury have revealed
Posted: 19/05/2020
Millions of savers in the UK are relying on “rainy day” funds to cope with the impact of coronavirus, according to research published by Scottish Friendly
Posted: 19/05/2020
West One Loans has confirmed it is relaunching the 70% LTV products from its buy-to-let (BTL) product range with immediate effect and that it will also be resuming physical valuations
Posted: 19/05/2020
Sixty-nine per cent of financial services businesses are considering automated chatbots to enhance their customer service propositions, according to research from Dock9
Posted: 19/05/2020
Leek United has announced the launch of two new fixed-rate mortgage products as it looks to respond to changes in the market
Posted: 19/05/2020
more2life has announced it will now offer its customers access to physical valuations, in line with the Government's safety guidelines on social distancing
Posted: 19/05/2020
VAS Panel has launched a new service that utilises its valuation panel management platform to provide property and development finance lenders with national coverage of monitoring surveyors throughout the country
Posted: 19/05/2020
OneSavings Bank (OSB) has launched a new product range across its three lending brands following news that physical valuations can take place in England
Posted: 19/05/2020
Tenet Group has announced a new partnership with Knowledge Bank to provide both its network members and directly authorised clients with access to Knowledge Bank’s mortgage criteria search system
Posted: 19/05/2020
Just Group has announced it is recommencing with physical valuations in England from today
Posted: 18/05/2020
Quilter has launched a new version of its employee mental health support programme, Thrive, for financial advisers in the UK and internationally at the start of Mental Health Awareness Week
Posted: 18/05/2020
Paradigm Consulting has announced a new strategic partnership with Mitigo Cybersecurity to provide its member firms with protection against cybercrime and business disruption
Posted: 18/05/2020
Mortgage Brain has reported that the pilot of its new multi-lender submission and application gateway, Lendex, is now live with several major lenders
Posted: 18/05/2020
Trussle has announced it saw mortgage enquiries plummet by 37% from March to April, just as the UK’s lockdown measures came into full effect
Posted: 18/05/2020
Twenty-nine per cent of Brits are now fearing an economic crash could hamper their retirement plans, according to a new survey from Sanlam
Posted: 18/05/2020
Foundation Home Loans has developed an online ‘Broker Hub’ to provide advisers with an additional resource to help them navigate the specialist mortgage market
Posted: 18/05/2020
Owners of newly formed limited companies are being warned that it is unlikely they are eligible for the Self Employed Income Support Scheme (SEISS) grant, even if HMRC tries to contact them
Posted: 15/05/2020
The number of remortgage products at 90% LTV has dropped from 189 in March to just 34, research from Defaqto has revealed
Posted: 15/05/2020
Seventy-seven per cent of brokers believe mortgage lending will recover to pre-coronavirus levels within nine months, according to new research published by Smart Money People
Posted: 15/05/2020
More than one in four business leaders admit they have no knowledge of recent changes to money laundering regulation and what they need to do to remain compliant, new research from SmartSearch has revealed
Posted: 15/05/2020
There were 13 second charge mortgage repossessions in the first quarter of 2020, a figure 45.8% lower than the first quarter of 2019, new figures released by the Finance & Leasing Association (FLA) have revealed
Posted: 14/05/2020
Foundation Home Loans has announced it is returning to new lending with the launch of a new set of both buy-to-let (BTL) and residential products, available to advisers and their clients from Monday 18 May
Posted: 14/05/2020
Fleet Mortgages has announced it has recommenced with physical valuations in England on its pipeline business, with new applications being processed as usual
Posted: 14/05/2020
The spread of COVID-19 into a global pandemic has resulted in one of the most significant economic events of our lifetimes...
Posted: 14/05/2020
Fifty-eight per cent of SMEs feel their banking provider has been slow to offer them help during the Covid-19 crisis, according to a survey conducted by the Lanop Accountancy Group
Posted: 14/05/2020
RICS has reported the indicators used to measure housing activity in the UK collapsed during April, reflecting the impact of lockdown on the housing market
Posted: 14/05/2020
Instruction volumes for remortgage dropped by 25.6% between the first and second weeks of May, according to new data released by Legal Marketing Services (LMS)
Posted: 14/05/2020
There were 72,380 homeowner mortgages in arrears of 2.5% or more of the outstanding balance during the first quarter of 2020, a figure 6% fewer than in the first quarter of last year, new UK Finance data has revealed
Posted: 14/05/2020
One Mortgage System (OMS) has announced a partnership with Uinsure to bolster its general insurance (GI) offering
Posted: 14/05/2020
Paragon Bank has announced it is launching a new range of two and five-year fixed rate deals at 70% LTV to strengthen its buy-to-let (BTL) product offering
Posted: 14/05/2020
The Conveyancing Association (CA) has announced its support for a cross-industry guide on reopening the housing market to help enable people to move home safely
Posted: 13/05/2020
Consumer demand for financial advice has risen during the Covid-19 crisis, according to new research from Quilter
Posted: 13/05/2020
Accord Mortgages has announced it is increasing its maximum LTV to 85% on residential purchase products and is also raising its maximum property value for residential lending from £1m to £2m
Posted: 13/05/2020
The UK GDP shrunk by 2% in the first quarter of 2020, signalling the first direct impacts of the Covid-19 pandemic on the economy, new data published by the Office for National Statistics (ONS) has revealed
Posted: 13/05/2020
Bluestone Mortgages has announced that it will be recommencing new lending activity from today
Posted: 13/05/2020
The Government has set out new plans to reopen the housing market and allow people to move home again
Posted: 13/05/2020
Mortgage Brain has reported the number of ESIS produced from its mortgage sourcing systems has increased for the second week in a row
Posted: 13/05/2020
TMA has revealed the average number of brokers who have attended its training sessions has increased by 129% during the coronavirus pandemic
Posted: 13/05/2020
The Conveyancing Association (CA) has urged the Government to extend its furlough scheme past October and consider a range of measures that could stimulate the housing market
Posted: 12/05/2020
Complete FS has announced the addition of bridging, development and buy-to-let (BTL) lender, Roma Finance, to its packager panel
Posted: 12/05/2020
The Low Incomes Tax Reform Group (LITRG) has raised concern that some people who are eligible to apply for the Government's Self-Employment Income Support Scheme (SEISS) grant have not received any correspondence from HMRC
Posted: 12/05/2020
The Government’s Coronavirus Job Retention Scheme (CJRS) will be extended to October, Chancellor Rishi Sunak has announced
Posted: 12/05/2020
The UK lockdown has driven a shift in consumer spending habits equivalent to an annual £12.9bn, according to a new report published by Legal & General, and economics consultancy, Cebr
Posted: 12/05/2020
“Covid-19: Temporary Maximum LTV Restrictions” was the most frequent criteria search across the residential, buy-to-let (BTL), second-charge, and bridging markets during April, according to new data released by Knowledge Bank
Posted: 12/05/2020
Nationwide has revealed it is using a virtual assistant, Arti, to answer questions about mortgage support for those impacted by coronavirus
Posted: 12/05/2020
Forty-seven per cent of adults in the UK aged between 55 and 64 didn’t know that deferring the State Pension would deliver a higher weekly guaranteed, inflation-linked pension when starting to claim their pension benefits, according to new research from Just Group
Posted: 11/05/2020
The total potential spend of all residential property buyers registered with Knight Frank in London was £52bn as of 5 May 2020, new data has revealed
Posted: 11/05/2020
One in five workers in the UK had no emergency cash fund prior to the Covid-19 lockdown, according to new research from AJ Bell
Posted: 11/05/2020
Mortgage Brain has announced it will be rolling out its affordability-based sourcing solution, Affordability Hub, following a successful pilot
Posted: 11/05/2020
Almost 700,000 customer accounts have been given a payment holiday on their credit card as of 30 April, UK Finance has revealed
Posted: 11/05/2020
Lendlord has announced a new partnership with Property Tribes to provide landlords with a comprehensive portfolio management product
Posted: 11/05/2020
Since the launch of the Help to Buy: ISA, there have been 304,048 property completions supported by the scheme, according to new figures published by the Treasury
Posted: 07/05/2020
House prices in April were 2.7% higher than in the same month a year earlier, figures published in the latest Halifax House Price Index have revealed
Posted: 07/05/2020
A total of £93m in new business was conducted in the second charge mortgage market during March, a 14% drop from a year ago, according to new data published by the Finance & Leasing Association (FLA)
Posted: 07/05/2020
The banking and finance sector has lent over £5.5bn to SMEs so far through the Coronavirus Business Interruption Loan Scheme (CBILS), new figures from UK Finance have revealed
Posted: 07/05/2020
Coronavirus could push the UK economy to its deepest recession on record, a new report published by the Bank of England (BoE) has revealed
Posted: 07/05/2020
Remortgage instruction volumes dropped by 23% between March and April, according to new data published by Legal Marketing Services (LMS)
Posted: 07/05/2020
A revaluation of business rates will no longer take place in 2021 to help reduce uncertainty for firms affected by the impacts of Covid-19, Communities Secretary, Robert Jenrick, has confirmed
Posted: 06/05/2020
Fifty-six per cent of the UK are yet to dip into their savings for rental or purchase deposits, according to new research by Ome, but the rental deposit scheme has suggested many of those that have been are struggling within the rental sector
Posted: 06/05/2020
The British Business Bank has announced it has approved nine new lenders for accreditation under the Coronavirus Business Interruption Loan Scheme (CBILS), bringing the total number of CBILS lenders over 60
Posted: 06/05/2020
More than 69,000 bounce back loans worth over £2bn have been approved during the first 24 hours of the government scheme, the Chancellor has announced
Posted: 06/05/2020
Mortgage Brain has revealed the number of ESIS produced from its mortgage sourcing systems increased last week for the first time in six weeks
Posted: 06/05/2020
Sesame Bankhall Group (SBG) has unveiled the launch of a new bounce back hub to help firms navigate towards a post-crisis market and emerge stronger from the coronavirus pandemic
Posted: 06/05/2020
Answers in Retirement Group (Air Group) has announced a new partnership with Knowledge Bank to create a ‘super software’ between its Air Sourcing platform for later life advisers, and Knowledge Bank’s mortgage criteria search tool
Posted: 06/05/2020
More than 32,000 businesses have received loans totalling over £1bn from Lloyds Banking Group under the Government’s new Bounce Back Loan Scheme
Posted: 05/05/2020
More than a third (35%) of women and a fifth (20%) of men over the age of 50 do not have a private pension, according to new research from SunLife
Posted: 05/05/2020
Paradigm Mortgage Services has announced a new partnership with MyGabriel Accounting Solution
Posted: 05/05/2020
The Personal Finance Society (PFS) has launched a financial education website to compliment its ‘My Personal Finance Skills’ pro-bono financial awareness programme
Posted: 05/05/2020
Onepm Finance has been approved for accreditation by the British Business Bank under the Coronavirus Business Interruption Loan Scheme (CBILS)
Posted: 05/05/2020
Click2Check has launched a new online solution for mortgage advisers to obtain credit scores, reports and bank statements in order to help pre-qualify clients
Posted: 05/05/2020
The Intermediary Mortgage Lenders Association (IMLA) has announced that TSB Bank has joined as the latest member of the trade body
Posted: 05/05/2020
SmartSearch has announced the addition of a new facial recognition feature to its digital anti-money-laundering (AML) platform
Posted: 05/05/2020
HMRC has announced it has started to contact customers who may be eligible for the government’s Self-Employment Income Support Scheme (SEISS)
Posted: 04/05/2020
Uinsure has announced the addition of Zurich to its household and buy-to-let panels of UK insurers
Posted: 04/05/2020
Just has announced it is making changes to its lifetime mortgage products to help both customers, and beneficiaries of its customers, who are unable to sell properties amid the ongoing lockdown
Posted: 04/05/2020
A reduction in rental stock entering the market as a result of the UK lockdown could result in higher rental and deposit costs for tenants in the UK, according to new research from Ome
Posted: 04/05/2020
UK businesses have started applying for loans of up to £50,000 through the Government’s Bounce Back Loan Scheme which launched today
Posted: 04/05/2020
Newbury Building Society has announced it will accept automated valuations (AVMs) and desktop valuations for some of its mortgage products
Posted: 04/05/2020
Fintuity has announced it is offering free initial financial advice to NHS workers during the Covid-19 pandemic
Posted: 04/05/2020
The Government has announced it will be cutting the Lifetime ISA (LISA) exit charge from 25% to 20% as part of its coronavirus response
Posted: 01/05/2020
more2life has announced it will be guaranteeing rates and terms for a period of six months from the date of application, so that customers who are finding that semi-automated valuations (SAVs) are not suitable can still access its products
Posted: 01/05/2020
Mortgage approvals for house purchase fell to 56,200 during March, their lowest level since March 2013, new statistics published by the Bank of England (BoE) have revealed
Posted: 01/05/2020
Annual house price growth in the UK edged up to 3.7% during April, rising from 3% in March, according to data from the latest Nationwide House Price Index
Posted: 01/05/2020
Paragon Bank has announced the launch of a one-year buy-to-let (BTL) discounted SVR product to support new and existing landlord customers through the coronavirus pandemic
Posted: 01/05/2020
LSL Property Services has announced the appointment of David Stewart as its new group chief executive officer
Posted: 01/05/2020
The Covid-19 pandemic will see a shift in business models amongst directly authorised (DA) mortgage advisory firms, according to PMS Mortgage Club
Posted: 01/05/2020
The 2019/20 tax year was a record year for the amount of emergency tax applied to pension withdrawals, with HMRC revealing it repaid £166,619,969 to people it had initially deducted too much tax from
Posted: 30/04/2020
Social distancing and self-isolation is posing several practical problems and limitations in the preparation and execution of wills, particularly with two witnesses required to be present, Forbes Solicitors has argued
Posted: 30/04/2020
Hodge Bank has announced it will reduce its Standard Variable Rate (SVR) from Friday 1 May, following the recent Bank of England (BoE) base rate reduction
Posted: 30/04/2020
There was £2.5bn withdrawn from pensions flexibly in the first quarter of the year, a 19% increase from £2.1bn in the opening quarter of 2019, new HMRC data has revealed
Posted: 30/04/2020
The banking and finance sector has provided over £4.1bn to SMEs through the Coronavirus Business Interruption Loan Scheme (CBILS) so far, according to new figures from UK Finance
Posted: 30/04/2020
Property wealth worth £1.06bn was accessed through equity release products in the first quarter of 2020, new data released by the Equity Release Council (ERC) has revealed
Posted: 30/04/2020
Remortgage instruction volumes grew by 12.8% in the seven days between 13 and 20 April, increasing for the second week in a row, according to new data from Legal Marketing Services (LMS)
Posted: 29/04/2020
The Mortgage Market Alliance (MMA) has warned that borrowers shouldn’t just have to “accept” a product transfer if they have taken out a mortgage payment holiday from their lender
Posted: 29/04/2020
Phoebus Software Limited has announced the appointment of Mark Smitheringale to the position of client executive
Posted: 29/04/2020
United Trust Bank (UTB) has launched a new biometric ID verification security check process for its first and second charge mortgage customers, through its UTB Nivo app
Posted: 29/04/2020
The number of available mortgage products on the market increased for the second week in a row to 8,044 products, reflecting a 5.9% increase of 488 products from the previous week, according to the latest figures from Mortgage Brain
Posted: 29/04/2020
UK tenants paid average monthly rents of £775 during the first quarter of 2020, an increase of just £2 or 0.26% on the final quarter of last year, according to new data from The Deposit Protection Service (The DPS)
Posted: 29/04/2020
The Government has launched a new fast-track finance scheme providing loans with a 100% government-backed guarantee for lenders, although financial advisory firm, Old Mill, has suggested that if a business is unable to service a loan, it could be “wrong” for that business to borrow
Posted: 28/04/2020
Around 373,000 property transactions with a total value of £82bn are on hold as a result of the UK Government’s lockdown restrictions effectively suspending the housing market, according to new analysis from Zoopla
Posted: 28/04/2020
Lenders have offered more than 1.6 million mortgage payment holidays as of Friday 24 April 2020 to support customers facing financial difficulties due to coronavirus, new UK Finance figures have revealed
Posted: 28/04/2020
OpenMoney has announced it is partnering with financial management platform, Moneyhub, to extend its open banking integrations
Posted: 28/04/2020
Hanley Economic Building Society has announced it is partnering with DPR to begin an overhaul of its current mortgage and savings platforms, and to revamp its back-office systems
Posted: 28/04/2020
More than 7 million contactless payments above the previous limit of £30, and up to the new limit of £45, have been processed by Barclaycard in less than a month since the contactless limit was increased in the UK
Posted: 28/04/2020
Masthaven Bank has launched a new fee-free remortgage range on its first charge residential two-year and five-year fixed remortgage products
Posted: 28/04/2020
Twenty7Tec has announced the appointment of digital business solutions agency, Dock9, as its user experience design partner
Posted: 28/04/2020
Demand for rental property picked up in April with prospective tenants starting to plan for life after lockdown, according to research from Knight Frank
Posted: 27/04/2020
The British Business Bank has announced the approval of four new lenders for accreditation under the Coronavirus Business Interruption Loan Scheme (CBILS)
Posted: 27/04/2020
The average rental cost per month around hospital sites in England is currently accounting for 47% of the average nurse’s salary, new research published by Ome has revealed
Posted: 27/04/2020
Iress has announced it has integrated its Xplan Mortgage software with criteria search system, Knowledge Bank
Posted: 27/04/2020
Several of the UK’s leading retirement income providers have agreed on new changes to business processes proposed by HUB Financial Solutions
Posted: 27/04/2020
The MCI Mortgage Club has expanded its panel to include Reliance Bank, increasing the number of ethical options available to its members
Posted: 27/04/2020
Paradigm Mortgage Services has launched a new offer to directly authorised (DA) firms with up to six months’ free compliance support available for new users
Posted: 27/04/2020
TMA Club has announced it is extending its partnership with Eligible.ai to offer members access to an automated customer retention tool, Retain
Posted: 27/04/2020
The Covid-19 pandemic is set to “reshape” the financial services to become more digital, according to new research from 11:FS
Posted: 24/04/2020
The winners of the Asset Management Awards 2020 were announced last night via an online video presentation
Posted: 24/04/2020
The FCA has confirmed it will be introducing the package of measures outlined last week to support consumer credit customers facing payment difficulties due to coronavirus, with changes coming into force on Monday 27 April 2020
Posted: 24/04/2020
The number of remortgage instructions increased by 9% during the week between 6 and 13 April, according to new data from Legal Marketing Services (LMS)
Posted: 24/04/2020
The various financial support measures to combat coronavirus are stabilising the impact on household and personal finances, according to research from TransUnion
Posted: 23/04/2020
NatWest, Royal Bank of Scotland and Ulster Bank have announced the introduction of a new carers card to enable vulnerable customers and those in extended isolation a way to pay for essential goods
Posted: 23/04/2020
Several credit reference agencies (CRAs) have confirmed their new guidance to minimise the impact to the credit reports of UK businesses during the Covid-19 pandemic
Posted: 23/04/2020
The Asset Management Awards 2020 winners will be announced at 7pm tonight, via an online video presentation on the awards website
Posted: 23/04/2020
The banking and finance sector has provided more than £2.8bn of lending to SMEs so far through the Coronavirus Business Interruption Loan Scheme (CBILS), as part of a broad package of support for UK businesses, according to the latest data published by UK Finance
Posted: 23/04/2020
Aspen Bridging has announced it will lend on “pre Covid-19 property values”, becoming the first UK lender to do so
Posted: 23/04/2020
Retired homeowners have seen their property wealth increase by more than £3,150 in the past year, despite the impact of political and economic uncertainty on the housing market, new analysis from Key has revealed
Posted: 22/04/2020
Artificial intelligence (AI) could play a key role in supporting retirees with the initial stage of equity release planning and help prepare them for conversations with an adviser, according to new research
Posted: 22/04/2020
Hanley Economic Building Society has announced a package of new coronavirus support measures
Posted: 22/04/2020
The Asset Management Awards 2020 winners will be announced at 7pm tomorrow, 23 April, via an online video presentation on the awards website at www.moneyage.co.uk/assetmanagementawards
Posted: 22/04/2020
Seventy-one per cent of businesses have furloughed a proportion of their workforce, up from 66% a week earlier, according to a new survey by the British Chambers of Commerce (BCC)
Posted: 22/04/2020
The rate of inflation in the UK fell to 1.5% in March, down from 1.7% in February, according to new data published by the Office for National Statistics (ONS)
Posted: 22/04/2020
Nationwide has announced it is extending its mortgage lending through brokers as well as online up to 85% loan-to-value (LTV)
Posted: 22/04/2020
Average house prices in the UK increased by 1.1% over the year to February 2020, down from 1.5% in January, new figures published by the Office for National Statistics (ONS) revealed
Posted: 22/04/2020
Air Later Life Academy (LLA) has announced it is suspending its monthly membership fees for firms during the coronavirus lockdown period
Posted: 22/04/2020
Mortgage Brain has launched a new single reference point for intermediaries to help them keep up to date with product and policy changes being made by lenders amid the ongoing coronavirus pandemic
Posted: 21/04/2020
Simplified exemptions to inheritance tax (IHT) are urgently required for Covid-19 health workers on the front line, according to MHA MacIntyre Hudson
Posted: 21/04/2020
There were 99,440 residential property transactions in the UK during March, and 9,470 non-residential transactions, new data published by HMRC has revealed
Posted: 21/04/2020
Lenders are likely to issue almost 350,000 fewer mortgages for house purchase this year than they otherwise would have done had the UK not entered lockdown, analysis from Knight Frank has revealed
Posted: 21/04/2020
Average rates for equity release dropped to a record low of 4.48% in the second half of 2019 while two out of every five products had rates lower than 4%, the Equity Release Council (ERC) Spring Market Report has revealed
Posted: 21/04/2020
Answers in Retirement Group (Air Group) has launched a new version of its Air Sourcing platform for later life advisers covering updates and changes related to coronavirus
Posted: 21/04/2020
Demand for rented properties bounced back 30% in the two weeks to 14 April, after falling 57% in the wake of the coronavirus pandemic, according to Zoopla’s latest quarterly Rental Market Report
Posted: 21/04/2020
Metro Bank has committed to repay more than £10.5m after it breached a legal order by failing to send texts warning people about unarranged overdraft charges
Posted: 20/04/2020
Accord Buy To Let has announced it is expanding its remortgage product range to offer more choice to brokers with landlord clients
Posted: 20/04/2020
Mortgage Brain has announced that it saw the number of products on the mortgage market stabilise last week, following several weeks of substantial falls
Posted: 20/04/2020
There were 67,000 claims from employers made in the first 30 minutes of the Government’s Coronavirus Job Retention Scheme, which went live today
Posted: 20/04/2020
More than 54% of surveyed financial advisers are “increasingly positive” regarding their business outlook compared to a year ago, while 79% reported an increase in new client numbers in 2019, new research has revealed
Posted: 20/04/2020
Time could be running out for customers to secure 0% purchase rates as credit card deals fall to a three-year low, new analysis from monva has revealed
Posted: 20/04/2020
Shawbrook Bank has revealed it increased its profit before tax by 11% during the period ending 31 December 2019, to £122.4m
Posted: 20/04/2020
Fiduciam has announced that it completed more than £9m in bridging loans during this week alone and that it is also on target to close another £10m of loans before the end of April
Posted: 17/04/2020
Impact Specialist Finance has introduced a ‘Specialist Lending Covid-19 Update’ for intermediaries
Posted: 17/04/2020
Hundreds of thousands of self-employed people in the UK will “slip through the net” of government schemes, according to Hargreaves Lansdown
Posted: 17/04/2020
Forty-two per cent of people in the UK suspect they have been targeted by a phishing attack during the Covid-19 pandemic, new research from TSB revealed
Posted: 17/04/2020
The FCA has unveiled another package of measures to support consumers in financial difficulty as a result of coronavirus, including a one-month interest-free payment freeze to customers facing high interest rates on payday loans
Posted: 17/04/2020
In challenging times, the equity release sector continues to show its resilience and its adaptability. Pure Retirement's CEO Paul Carter explains
Posted: 16/04/2020
Killik & Co has revealed the number of enquiries it has received regarding wills since the coronavirus outbreak has risen by approximately 50% compared to April 2019
Posted: 16/04/2020
AJ Bell has suggested the financial concern of savers around the UK caused by coronavirus has added to the “chronic savings deficit” that the country entered the Covid-19 crisis with
Posted: 16/04/2020
The Digital Services Tax (DST) has come into effect this month but questions remain about who will pay it and how much they will pay, according to the Chartered Institute of Taxation (CIOT)
Posted: 16/04/2020
The FCA has revealed it received a rise in complaints from 4.29 million in the first half (H1) of 2019 to 6.02 million in the second half (H2) of 2019
Posted: 16/04/2020
MCI Mortgage Club has announced the appointment of OneFamily to its lender panel, extending its range of products to include lifetime mortgages
Posted: 16/04/2020
The Government has announced it is extending the eligibility cut-off date for the Coronavirus Job Retention Scheme (CJRS) to 19 March 2020
Posted: 15/04/2020
The Government is considering an extension to the Help to Buy scheme as part of a range of measures to get the industry building houses again once the current lockdown imposed by coronavirus has relaxed
Posted: 15/04/2020
Habito has announced the launch of a new intermediary portal to provide brokers with quick access to its buy-to-let (BTL) product range and lending criteria
Posted: 15/04/2020
more2life has announced the appointments of Fran Green as national sales manager and Nurlana Kerimli as business development manager
Posted: 15/04/2020
A relief on inheritance tax could offer a “silver-lining” during the coronavirus pandemic, as well as offer “much needed capital” amid the ongoing economic crisis, according to a full service law firm
Posted: 15/04/2020
Mortgage holders in the UK could save over £5,000 on their mortgage payments by switching to a new fixed rate offer, according to new research from Experian
Posted: 15/04/2020
The banking and finance sector has lent over £1.1bn to SMEs so far through the Coronavirus Business Interruption Loan Scheme (CBILS), according to UK Finance
Posted: 15/04/2020
One Mortgage System (OMS), has announced it is offering a free Knowledge Bank licence for every new user to help support the intermediary market during the coronavirus pandemic
Posted: 15/04/2020
The UK’s GDP is predicted to fall 35% in the year’s second quarter but expected to “bounce back quickly”, according to new data published by the Office for Budget Responsibility (OBR)
Posted: 14/04/2020
There was £107m worth of new business in the second charge mortgage market during February this year, reflecting a 9% change from last year, new data published by the Finance & Leasing Association (FLA) revealed
Posted: 14/04/2020
Over 1.2 million mortgage payment holidays have been offered by lenders to customers impacted by coronavirus, UK Finance has revealed
Posted: 14/04/2020
Mortgage Brain has reported a further reduction in the mortgage products that were available on the market last week to 7,477 total products, which was 7,179 fewer than the nine-week average to 16 March
Posted: 14/04/2020
Paradigm Protect, the directly authorised protection proposition part of Paradigm Mortgage Services, has launched a series of webinars for member firms to cover a range of advice topics
Posted: 14/04/2020
‘Covid-19 Mortgage Payment Holidays’ was the most searched term in Knowledge Bank’s residential mortgages category during March, and the second most in the buy-to-let (BTL) category, new data has revealed
Posted: 14/04/2020
TMA has announced the launch of a new free version of the club’s customer relationship management (CRM) system, Toolbox
Posted: 14/04/2020
HMRC has announced it is suspending enquiries into taxpayers and businesses that are under investigation as a result of the coronavirus pandemic, but they should not be lulled into a false sense of security, a tax and advisory firm has warned
Posted: 14/04/2020
The number of 75% and 95% LTV mortgage products on the market has seen a significant drop of almost two-thirds as lenders respond to the coronavirus pandemic, according to data published by AmTrust
Posted: 09/04/2020
The FCA has confirmed the temporary financial relief that was outlined last week for customers impacted by coronavirus will be going ahead from today
Posted: 09/04/2020
Remortgage completions dropped in the second half of March, in part reflective of the usual trend of numbers trailing off from the start to the end of the month, but initial signs from the first April data are “very positive”, according to LMS
Posted: 09/04/2020
The housing market lockdown has seen the lowest near-term sales expectations since 1998, results from the latest RICS UK Residential Market Survey revealed
Posted: 09/04/2020
The Chartered Institute of Taxation (CIOT) has urged employers to consider supporting employees working from home because of the coronavirus outbreak, with a tax-free payment equivalent to over £300 per year that could help with the costs of higher household bills
Posted: 08/04/2020
Nationwide has announced it is adding interest-only to its mortgage range, initially offering the product just through brokers
Posted: 08/04/2020
The current rules and restrictions on social distancing and isolation are posing “unprecedented” challenges for will writers and those wanting to get their affairs in order, Ipswich-based law firm, Prettys, has argued
Posted: 08/04/2020
Sesame Bankhall Group has announced it is partnering with Care first to offer advisers free access to health and wellbeing support during the Covid-19 pandemic
Posted: 08/04/2020
Starling Bank has announced it is introducing a second card that customers can connect to their existing account and give to anyone they trust to pay for groceries and other essential items on their behalf
Posted: 08/04/2020
The Personal Investment Management & Financial Advice Association (PIMFA) has announced the launch of a new initiative to help safeguard savers against investment scams
Posted: 08/04/2020
One Mortgage System (OMS) has partnered with Iress to provide seamless CRM to online applications direct to lenders, via Iress’ Lender Connect software
Posted: 08/04/2020
The Government’s announcement that support for the “vital” mid-tier sector is now available for businesses with up to £500m turnover should be welcomed, according to Duff & Phelps
Posted: 07/04/2020
The FCA has confirmed rules requiring all pension providers to offer ‘investment pathways’ have been delayed by six months until February 2021 due to the ongoing Covid-19 crisis
Posted: 07/04/2020
Gatehouse Bank has announced the launch of its first Cash ISA range to broaden its savings offering
Posted: 07/04/2020
The FCA has announced a new set of business priorities for the year ahead which focus on the challenges presented by the coronavirus pandemic
Posted: 07/04/2020
UK house prices in March were 3.0% higher compared to the same month in 2019, according to new data published by Halifax
Posted: 07/04/2020
Almost half of the UK’s active house buyers stopped looking for a new home before the Government ‘suspended’ the housing market, new research from Trussle revealed
Posted: 07/04/2020
The Equity Release Council has published a temporary modification to its requirement for equity release customers to receive legal advice in a face-to-face setting during the coronavirus pandemic
Posted: 06/04/2020
The Labour Party has announced that Anneliese Dodds has been appointed the shadow chancellor in Sir Keir Starmer’s new shadow cabinet
Posted: 06/04/2020
A total of 10,097 mortgage products were available on the market last week, new figures from Mortgage Brain revealed, reflecting a 31.2% reduction from the nine-week average to 16 March
Posted: 06/04/2020
Starling Bank has announced it is launching mobile cheque deposits for all its customers with UK personal, joint, sole trader or limited company business accounts
Posted: 06/04/2020
Lendlord has launched a range of free tools to help landlords manage their buy-to-let portfolios during the coronavirus pandemic
Posted: 06/04/2020
PRIMIS Mortgage Network has announced the launch of a new support hub within its exclusive customer relationship management (CRM) system, Toolbox, to help its AR firms during the Covid-19 crisis
Posted: 06/04/2020
more2life has announced it has become the first volume lender to introduce semi-automated valuations across the majority of its product lines
Posted: 06/04/2020
An “alarming” number of people are yet to adapt their financial planning strategies to the impact being caused by the coronavirus pandemic, according to the CEO of the independent financial advisory organisation, deVere Group
Posted: 03/04/2020
Knowledge Bank has announced the addition of second charges and bridging to its Covid-19 live feed, as an increasing number of lenders adjust to the impact caused by the coronavirus pandemic
Posted: 03/04/2020
Bluestone Mortgages has announced it will be suspending all new mortgage applications from today as part of a temporary pause in origination activities
Posted: 03/04/2020
Air Group has announced the launch of a new hub for advisers to provide coronavirus updates and business continuity resources
Posted: 03/04/2020
The mortgage market “definitely remains open” and is expected to settle down in the coming weeks, according to Mortgage Advice Bureau (MAB)
Posted: 02/04/2020
The annual price growth for houses in the UK was edging higher before the coronavirus pandemic struck the country, new analysis from Nationwide has revealed
Posted: 02/04/2020
The MCI Club has extended the free eKeeper Lite CRM to perform anti-money laundering (AML) checks and obtain consumer credit reports, powered by Experian
Posted: 02/04/2020
Members of the Conveyancing Association (CA) have set out several measures for member firms to adopt during the coronavirus crisis
Posted: 02/04/2020
UK savers invested £1.4bn in retail funds during February, according to new figures published by the Investment Association (IA)
Posted: 02/04/2020
Furloughed employees during the coronavirus will continue to benefit from employer pension contributions of up to £75 a month
Posted: 02/04/2020
The FCA has proposed a package of temporary measures designed as a stop-gap to support users of consumer credit products facing financial difficulty resulting from the coronavirus pandemic
Posted: 02/04/2020
Sixty-one per cent of savers with The Nottingham who have a tax-free ISA account have saved nothing so far this tax year, analysis from the building society revealed
Posted: 02/04/2020
First 4 Bridging (F4B) and Grosvenor Funding have combined to secure a bridging loan in four days, allowing a borrower to complete a first charge buy-to-let (BTL) investment property purchase that was under threat due to Covid-19 implications
Posted: 02/04/2020
Gatehouse Bank has announced it is reducing its maximum finance to value (FTV) on its buy-to-let (BTL) and home purchase plan products to 65%
Posted: 01/04/2020
Uinsure has announced a new and exclusive partnership with Beneficial mortgage network
Posted: 01/04/2020
A government change to the way the Retail Prices Index (RPI) is calculated is set to result in a fall of up to 21% the value of payments made to members of pension schemes and annuity holders, according to new research published by the Pensions Policy Institute (PPI)
Posted: 01/04/2020
Financial regulators are urging UK savers to stay calm and not rush to make any decisions about their pensions in response to the coronavirus pandemic
Posted: 01/04/2020
Three major credit reference agencies have confirmed that consumer credit scores will be protected for people with agreed “payment holidays” in place as a result of the coronavirus pandemic
Posted: 01/04/2020
The average Cash ISA from the UK’s top ten banks will earn just £12 in interest over the next year, new analysis from RateSetter has revealed
Posted: 01/04/2020
Aspen Bridging has announced the introduction of desktop valuations as the specialist finance industry adjusts to the coronavirus pandemic
Posted: 01/04/2020
Overall business confidence has fallen by 17 percentage points to 6% during March, the lowest level since October 2019, reflecting a drop in both trading prospects and economic optimism, according to the latest Lloyds Bank Commercial Banking Business Barometer
Posted: 31/03/2020
The Financial Services Compensation Scheme (FSCS) has reassured customers of London Capital and Finance (LCF) it is doing “everything it can” to reach a point where it can assess claims as efficiently and effectively as possible
Posted: 31/03/2020
Foundation Home Loans has announced it is temporarily suspending all new applications from 31 March 2020
Posted: 31/03/2020
Paradigm Mortgage Services has added a new section of information to its coronavirus support page to capture lenders’ automatic valuation model (AVM) information and LTV restrictions
Posted: 31/03/2020
The Government is being urged to ensure lenders do not use the recent Bank of England (BoE) interest rate cut to boost profits at the expense of borrowers on standard variable rate (SVR) mortgages
Posted: 31/03/2020
Nationwide has announced it is temporarily withdrawing high LTV mortgage lending to focus on supporting its existing members and processing ongoing applications during the coronavirus crisis
Posted: 31/03/2020
UK Finance has issued a warning for consumers to be on the lookout for “smishing” text message scams from criminals exploiting the coronavirus outbreak
Posted: 30/03/2020
Mortgage Brain has announced it has seen an unprecedented change in lenders’ product ranges, as well as a reduction in the number of ESIS produced from its mortgage sourcing systems
Posted: 30/03/2020
Thirty-eight per cent of UK businesses have deliberately abandoned an application for banking services in the last year due to ‘slow due diligence processes,’ according to new research from Encompass Corporation
Posted: 30/03/2020
The Conveyancing Association (CA) has endorsed industry-wide guidance to conveyancing firms advising clients on house moves during the coronavirus crisis
Posted: 30/03/2020
Phoebus Software Limited (PSL) has launched a new digital self-service portal that allows lenders’ customers to self-serve on their accounts
Posted: 30/03/2020
The number of mortgage approvals for house purchases continued to rise in February and reached 73,500, new statistics published by the Bank of England (BoE) revealed
Posted: 30/03/2020
Spicerhaart Corporate Sales has called for the Government’s 80% salary guarantee to be extended to rental income for small private landlords
Posted: 30/03/2020
Paradigm Mortgage Services has launched a new coronavirus support page for advisers which includes information for all intermediaries to help firms through the crisis
Posted: 27/03/2020
The Government has confirmed that grants to pay the wages of workers who are “furloughed” during the coronavirus pandemic will also cover employer auto-enrolment pension contributions
Posted: 27/03/2020
More than a fifth of UK adults have no immediately accessible savings, highlighting the nation’s “precarious” financial position going into the coronavirus crisis, according to research from OpenMoney
Posted: 27/03/2020
Nationwide has set out a support package for its members that have been financially impacted by the coronavirus crisis
Posted: 27/03/2020
Members of the Financial Services Tech Task Force initiative have come together to fund a free CRM system for brokers to use during the coronavirus pandemic
Posted: 27/03/2020
Chancellor, Rishi Sunak, has announced that self-employed workers will be able to apply for a taxable grant worth 80% of their average earnings over the last three years
Posted: 26/03/2020
The Mortgage Awards will now take place on Thursday 22 October at the Waldorf Hilton, London
Posted: 26/03/2020
The financial services industry has welcomed the FCA’s intentions to provide flexibility to its solo-regulated firms during the coronavirus pandemic
Posted: 26/03/2020
The Personal Investment Management and Financial Advice Association (PIMFA) has appointed Tim Fassam to its newly created role of director of government relations and policy
Posted: 26/03/2020
Starling Bank has introduced a delay to its in-app gambling-block, meaning its customers wanting to turn the block off will have to wait 48 hours before they can reactivate spending on betting and gaming
Posted: 26/03/2020
Housing transactions are set to drop by as much as 60% over the next three months, as the market reacts to the impact of Covid-19, according to new research by Zoopla
Posted: 26/03/2020
The FCA has revealed that changes to rules around Defined Benefit (DB) pension transfers have been delayed by up to six months
Posted: 26/03/2020
A new banking alternative fintech company, Lanistar, has launched today after securing £2m in seed-funding
Posted: 26/03/2020
TMA Club has announced the addition of property finance platform, LendInvest, to its lender panel
Posted: 26/03/2020
Answers in Retirement Group (Air Group) has released an operational update in relation to the coronavirus crisis, indicating that the group primarily intends to carry on with “business as usual”
Posted: 25/03/2020
Estate agents and lettings agencies that have closed as a result of measures to restrict the spread of the coronavirus will be now be exempted from business rates in 2020-21, the Treasury confirmed
Posted: 25/03/2020
GoCompare has urged people to be “extra vigilant” against phishing and online shopping scams, as cybercriminals look to capitalise on coronavirus fears
Posted: 25/03/2020
House prices in the UK increased by 1.3% in the year to January 2020, down from the 1.7% reported in December, new data from the Office for National Statistics (ONS) revealed
Posted: 25/03/2020
Nationwide has announced it will pass on a further 0.15% reduction to its existing variable rate borrowers, reflecting the recent back-to-back cuts made to the Bank of England (BoE) base rate
Posted: 25/03/2020
The MCI mortgage club has announced the early release of its free Customer Relationship Management (CRM) system, eKeeper Lite
Posted: 25/03/2020
Yorkshire Building Society has announced that its customers who have been financially affected by the coronavirus pandemic can now apply for a mortgage payment holiday online
Posted: 24/03/2020
Mortgage Brain has announced the use of its Criteria Hub has seen a marked increase in activity following the introduction of several residential and BTL criteria specifically related to the coronavirus crisis
Posted: 24/03/2020
The Government has been urged to scrap the money purchase annual allowance (MPAA) as part of its coronavirus response
Posted: 24/03/2020
Sesame Bankhall Group (SBG) has announced the launch of a new support hub to help advisers support their customers through the coronavirus pandemic
Posted: 24/03/2020
The average rental deposit paid by tenants in England has fallen by 10.3% since the ban on tenant fees was introduced in June 2019, new research by Hamilton Fraser’s deposit replacement scheme, Ome, has found
Posted: 24/03/2020
Hanley Economic Building Society has been added to the lending panel of SimplyBiz Mortgages
Posted: 24/03/2020
Firms are being left in a “difficult position” after the FCA announced over the weekend it would be requesting them to delay the announcements of their preliminary financial accounts
Posted: 23/03/2020
UK consumers are “feeling the financial pinch of the coronavirus” with March showing an accelerated deterioration in the financial health of UK households, according to new data published in the IHS Markit UK Household Finance Index (HFI)
Posted: 23/03/2020
Former pensions minister, Steve Webb, has urged the Treasury to relax rules which could act as a barrier to people seeking to rebuild their pensions when the coronavirus crisis is over
Posted: 23/03/2020
Equity release is being used the most across all age groups for home improvements, new data from HUB Financial Solutions has revealed
Posted: 23/03/2020
Fifty-five per cent of large and medium sized businesses are expecting a substantial revenue drop this year due to the coronavirus outbreak, according to the results of a new poll
Posted: 23/03/2020
Landbay has announced the launch of a new application process with the introduction of an instant Decision in Principle (DiP), as well as a refresh to its product range
Posted: 23/03/2020
The Government is launching the “coronavirus job retention scheme” and will step in and help pay 80% of wages for employees not working, which will be up to £2,500 a month
Posted: 20/03/2020
Knowledge Bank has reported that 509 brokers have signed up in less than 24 hours for the free live feed tool it created yesterday
Posted: 20/03/2020
AJ Bell has urged pension savers to “be on their guard” against a potential surge in scam activity during the period of economic uncertainty caused by the coronavirus pandemic
Posted: 20/03/2020
LendInvest announced it has completed its second securitisation of buy-to-let (BTL) mortgages in an oversubscribed RMBS transaction, Mortimer BTL 2020-1
Posted: 20/03/2020
Mortgage Advice Bureau has launched a dedicated mortgage information support service to help homeowners worried about their finances as a result of the coronavirus outbreak
Posted: 20/03/2020
The Bank of England (BoE) has announced it is cancelling its 2020 stress test for the eight major banks and buildings in the UK
Posted: 20/03/2020
The Mortgage Market Alliance (MMA) has announced several steps that mortgage borrowers can take to alleviate fears during the coronavirus outbreak
Posted: 19/03/2020
Mortgage Brain has revealed a package of measures to help intermediaries and lenders during the coronavirus pandemic
Posted: 19/03/2020
The Bank of England (BoE) has announced a further cut to the UK’s base interest rate from 0.25% to 0.1%
Posted: 19/03/2020
Full-time employees could expect to spend approximately 7.8 times their workplace-based annual earnings on purchasing a home in England in 2019, new data published by the Office for National Statistics (ONS) revealed
Posted: 19/03/2020
Knowledge Bank has created a free tool for brokers to access the information they need to deal with the volume of enquiries they are receiving from clients during the coronavirus outbreak
Posted: 19/03/2020
Sesame Bankhall Group (SBG) has announced the combined mortgage completions in 2019 through its PMS Mortgage Club and Sesame Network were the highest for more than a decade
Posted: 19/03/2020
The Government has confirmed no renter in either social or private accommodation will be forced out of their home during the coronavirus outbreak, as part of a radical package of measures to protect renters and landlords
Posted: 19/03/2020
TMA Club has announced the addition of Gatehouse Bank to its panel of finance providers
Posted: 19/03/2020
United Trust Bank (UTB) has reported a 21% increase in new lending in 2019, having completed £994m of new loans throughout the year
Posted: 18/03/2020
The banking and finance industry stopped over £1.8bn of fraud in 2019, up 9% on the previous year, new data published by UK Finance revealed
Posted: 18/03/2020
Future generations of older people are more likely to live in rented accommodation than today, according to new data from the Office for National Statistics (ONS)
Posted: 18/03/2020
There is no “one-size fits all approach” to helping people achieve a higher standard of living, according to a new report published by the Pensions Policy Institute (PPI), which has identified several ways that homeowners and renters can be supported to achieve “greater adequacy” in terms of their retirement income
Posted: 18/03/2020
eKeeper has launched integrated Anti-Money Laundering (AML) and consumer credit reports, both powered by Experian, into its broker Customer Relationship Management (CRM) system
Posted: 18/03/2020
The emergency package of measures announced by the Chancellor last night have not yet done enough to supply debt relief to businesses or mortgage borrowers, according to AJ Bell
Posted: 18/03/2020
Chancellor, Rishi Sunak, has announced that mortgage lenders will provide a three-month mortgage holiday to people who need help during the Covid-19 outbreak
Posted: 17/03/2020
The FCA has issued a statement indicating it is “ready to take any steps necessary” to ensure customers are protected and markets continue to function well amid the coronavirus outbreak
Posted: 17/03/2020
A new name-checking service, Confirmation of Payee (CoP), that warns bank customers when a payee’s name doesn’t match the account number provided, is due to be rolled out by the end of this month – a measure that Which? has estimated could have prevented £320m in bank transfer fraud since 2017
Posted: 17/03/2020
TSB has announced it has fully reimbursed “every single TSB customer” that was an innocent victim of financial fraud since launching its Fraud Refund Guarantee scheme in April 2019
Posted: 17/03/2020
Two of the UK’s leading landlord organisations have called for a package of measures from the Government and mortgage lenders to support tenants and landlords affected by the coronavirus outbreak
Posted: 17/03/2020
deVere Group has launched a new contactless advice service with immediate effect, offering free financial advice to anyone in the world remotely
Posted: 17/03/2020
With the complexities of retirement meaning there’s no one-size-fits-all solution, it’s important to understand the bigger picture
Posted: 17/03/2020
LSL Property Services has confirmed it will not be merging with Countrywide
Posted: 17/03/2020
Forty-eight per cent of landlords are considering divesting from the rental sector due to an increase in regulation and rules, new research by Aldermore Bank revealed
Posted: 16/03/2020
Around half of homeowners over the age of 65 have never checked whether they are entitled to State Benefits in addition to their State Pension, new research from HUB Financial Solutions has revealed
Posted: 16/03/2020
Sixty-three per cent of adults in the UK will spend an average of 46 years of their adult life in debt, according to the results of a new study by Creditfix.co.uk
Posted: 16/03/2020
The average asking price for UK property coming to market has hit a new record high of £312,625 this month, according to data from the latest Rightmove House Price Index
Posted: 16/03/2020
Newbury Building Society has reduced the pricing of its 85% LTV Help to Buy remortgage product, with the change applying to new and existing borrowers looking to pay off some or all their government loan
Posted: 16/03/2020
OneSavings Bank has made new changes to its HMO proposition to enhance its service to brokers
Posted: 16/03/2020
PRIMIS Mortgage Network has announced that Shepherds Friendly is joining its full panel, increasing the range of income protection and over-50s life insurance solutions available to the network’s advisers
Posted: 16/03/2020
Foundation Home Loans has announced it is fully refreshing its buy-to-let (BTL) product range
Posted: 16/03/2020
While Rishi Sunak's Budget focused on the response to the coronavirus outbreak and the implications on both a health and finance basis, financial expert, Old Mill, has suggested the key points of the Budget were “the changes that we didn’t see”
Posted: 13/03/2020
With the news the Junior ISA (JISA) savings limit is set to increase to £9,000 by 2020/21, according to Wednesday’s Budget, the Government’s announcement has created mixed responses from experts in the financial services sector
Posted: 13/03/2020
The Government will collect four times more cash from Capital Gains Tax (CGT) in 2023/24 than it did in 2013/14, according to predictions made after Wednesday’s Budget
Posted: 13/03/2020
Assetz Capital has secured £15m of British Business Investments (BBI) funding to help boost housebuilding in the UK
Posted: 13/03/2020
The banking sector submitted more than 380,000 Suspicious Activity Reports (SARs) last year, which saw a 3% rise in the total number of SARs from the year before, a new study from SmartSearch has revealed
Posted: 12/03/2020
In response to the Bank of England’s (BoE’s) emergency decision to cut the base interest rate from 0.75% to 0.25% yesterday, the UK Mortgage Prisoners Action Group has released a statement indicating it would be “writing to all active lenders and inactive and/or unregulated debt collectors”
Posted: 12/03/2020
Paragon has launched the second phase of its Intermediary Portal, adding new features that allow brokers to manage customers’ applications more effectively
Posted: 12/03/2020
The Chartered Institute of Taxation (CIOT) has welcomed the announcement in yesterday’s Budget that the Government will publish an evaluation of the introduction of Making Tax Digital (MTD) for VAT
Posted: 12/03/2020
House buyers will need to exchange contracts before late summer this year to have any realistic hope of moving into a new home before the Help to Buy Equity Loan scheme ends in March 2021, according to Mortgage Advice Bureau
Posted: 12/03/2020
The number of sales of new homes across the UK has increased for the third consecutive month, as has buyer demand and new instructions, according to the February 2020 RICS UK Residential Market Survey
Posted: 12/03/2020
Gatehouse Bank has widened the eligibility criteria on its range of buy-to-let (BTL) products, including an increase to the maximum age at the end of the term, which is up from 85 to 99 years
Posted: 12/03/2020
The MoneyAge Awards 2020 are now open for entries to banks, building societies, savings and investment providers, mortgage companies and personal finance specialists
Posted: 12/03/2020
The UK government intends to introduce a levy to be paid by firms subject to the Money Laundering Regulations to help fund new government action to tackle money laundering
Posted: 11/03/2020
The Office for Budget Responsibility (OBR) has called today’s Budget the ‘largest sustained fiscal loosening’ since Norman Lamont was Chancellor in 1992, but mortgage experts have criticised the lack of relief for first-time buyers
Posted: 11/03/2020
The government and UK Statistics Authority (UKSA) have launched a consultation today, alongside the Budget, on the latter’s proposal to address the shortcomings of the Retail Prices Index (RPI) measure of inflation
Posted: 11/03/2020
Rishi Sunak has used his first Budget to announce the total value of his fiscal stimulus dedicated to tackling the coronavirus outbreak is £30bn
Posted: 11/03/2020
Foundation Home Loans has announced it is joining the lender panel of specialist finance packager, Y3S Bridging & Commercial (B&C)
Posted: 11/03/2020
Financial regulation consultancy, Bovill, has warned the coronavirus could lead to a surge in cybercrime and financial fraud in the UK
Posted: 11/03/2020
The Bank of England (BoE) has announced an emergency cut to the base interest rate to stabilise the economy amid the coronavirus outbreak
Posted: 11/03/2020
More than 800,000 SMEs in the UK have been turned down for property finance in the past five years, according to a new study from Together
Posted: 10/03/2020
UK households that have switched mortgage provider have an average income of around £50,900 if they switched internally, and £58,700 if they switched externally, according to new research papers published by the FCA
Posted: 10/03/2020
A specialist police unit funded by the banking and finance industry prevented £31.2m of fraud and disrupted 23 Organised Criminal Groups (OCGs) in 2019, new UK Finance figures revealed
Posted: 10/03/2020
Fosters Financial has announced the launch of a sister company and online brokerage, Your Mortgage
Posted: 10/03/2020
The outstanding value of all residential mortgage loans was £1.5bn at the end of the fourth quarter of 2019, 3.8% higher than a year earlier, new figures published by the Bank of England (BoE) revealed
Posted: 10/03/2020
LSL Property Services, which includes PRIMIS Mortgage Network and TMA Club, has confirmed an increase in its mortgage lending and announced its mortgage completions totalled £31.7bn in 2019
Posted: 10/03/2020
Online broker searches in the equity release sector saw a significant shift during February, according to new data from Knowledge Bank, which said the month had thrown up ‘surprising results’
Posted: 10/03/2020
Nationwide Building Society has announced a new type of mortgage product aimed at encouraging people to make their homes more environmentally friendly, by offering cheaper rates for green home improvements
Posted: 10/03/2020
Lead campaigner for the UK Mortgage Prisoners Action Group, Rachel Neale, has penned an open letter to the Government ahead of Wednesday’s Budget announcement, calling for more action to be done to help the UK’s mortgage prisoners
Posted: 09/03/2020
Broker Conveyancing has announced it recorded rises in both its instruction and adviser user figures throughout 2019
Posted: 09/03/2020
Metro Bank has announced a new partnership with Lending-as-a-Service (LaaS) provider, ezbob, to provide the bank’s business customers with fast, secure and competitive access to finance
Posted: 09/03/2020
PRIMIS Mortgage Network has announced the appointment of Chris Astle as regional sales director
Posted: 09/03/2020
SimplyBiz Mortgages has announced that Market Harborough Building Society has joined its lender panel with immediate effect
Posted: 09/03/2020
More than half the UK’s workers aged between 50 and 65 years who are expecting to retire don’t know how much annual income they’ll receive from their pension and savings, according to new research from Standard Life
Posted: 09/03/2020
Newbury Building Society has announced cuts to the interest rates of its affordable housing product range, for both fixed and variable products, to help buyers in England and Wales looking for alternative routes to homeownership
Posted: 09/03/2020
The average Cash ISA holder has seen the value of their pot fall by £252 over the last five years, new research from RateSetter has revealed
Posted: 09/03/2020
The FCA announced it has published proposals outlining new climate-related disclosure requirements for premium listed issuers
Posted: 06/03/2020
UK house prices increased by 2.8% in February compared to the same month a year earlier, the latest Halifax House Price Index has revealed
Posted: 06/03/2020
The Treasury Committee has published a report announcing it is ‘satisfied’ with the appointment of Andrew Bailey as Governor of the Bank of England, but added that it would ‘keep an eye’ on the FCA
Posted: 06/03/2020
Nottingham Building Society has reported total assets of £3.8bn and that its gross mortgage lending was in excess of £350m in 2019
Posted: 06/03/2020
Seventy-nine per cent of home sellers instructed a high street agent in 2019, up from 63% the year before and the highest rate from the past decade, new research by Zoopla revealed
Posted: 06/03/2020
Thirteen per cent of the UK, or the equivalent of 1.2 million people, are relying on their overdrafts to cover the cost of their mortgage or rental payments, according to new research by comparethemarket.com
Posted: 05/03/2020
Mortgage Brain has revealed more than 817,000 searches were carried out on its Criteria Hub last year, an increase of 147% on the 330,309 searches performed in 2018
Posted: 05/03/2020
LendInvest has joined Legal & General Mortgage Club’s lender panel to extend the distribution of its buy-to-let (BTL) range to more brokers
Posted: 05/03/2020
Sixty-five per cent of UK adults would feel they were being judged for their past financial decisions if they needed to look for a ‘bad credit mortgage,’ according to new research carried out by YouGov for Simply Adverse
Posted: 05/03/2020
Most advisers have a ‘very positive’ view of the importance of ESG in portfolio construction, according to a new study by Foresight Group
Posted: 05/03/2020
OneSavings Bank (OSB) has announced that Adrian Moloney and Roger Morris are to take on roles within the group, reporting into OSB group managing director for mortgages, Alan Cleary
Posted: 05/03/2020
Gross mortgage lending in the UK dropped by 0.4% in 2019, the first year to see an annual fall since 2010, new data from UK Finance has revealed
Posted: 05/03/2020
Business and consumer insights expert, Equifax, has announced it is partnering with renting platform, CreditLadder.co.uk, to include rental payment data in its credit assessments
Posted: 05/03/2020
Legal & General Home Finance has joined the Intermediary Mortgage Lenders Association (IMLA)
Posted: 05/03/2020
Hinckley & Rugby Building Society has announced it oversaw a 3.7% rise in its mortgage book in 2019, attracting an additional £45m from savers during its financial year
Posted: 04/03/2020
The FCA has announced it is working in conjunction with the Bank of England (BoE) and the Treasury to ensure the financial services sector is responding effectively to the coronavirus outbreak
Posted: 04/03/2020
Smarterly revealed it has become one of the first UK retail platforms to join the UN-backed Principles for Responsible Investment (PRI) initiative
Posted: 04/03/2020
There are 1.6 million people in the UK aged between 55 and 64 facing retirement without any pension savings, research from Just Group has revealed
Posted: 04/03/2020
Older homeowners are anticipating they’ll need an annual retirement income of £35,196, a sum more than double today’s average income in retirement, according to a new report published by the Equity Release Council and Key
Posted: 04/03/2020
Nationwide has announced the launch of a new ISA prize draw that gives savers the chance to win up to £20,000 – the current annual ISA allowance
Posted: 04/03/2020
TMA Club has announced the addition of Ipswich Building Society to its panel
Posted: 04/03/2020
VAS Group has launched an independent valuations consultancy business, VAS Valuation Management, which will provide strategic solutions to European lenders, financial institutions and investment fund managers
Posted: 03/03/2020
Digital retirement solutions fintech, ABAKA, has announced it is to partner with financial software provider, Avaloq
Posted: 03/03/2020
NatWest has announced a series of changes to mark the first stage in a series of planned improvements it will make to its SME proposition this year, as the bank aims to become the biggest supporter of start-ups in the UK
Posted: 03/03/2020
Coventry Building Society has announced the launch of a new online ‘Easy Access’ ISA
Posted: 03/03/2020
Trussle has announced the appointment of Ian Larkin as the digital mortgage broker’s new chief executive officer
Posted: 03/03/2020
The Personal Finance Society (PFS) has called on the Government to remove the limit for the lifetime allowance taper, or at the very least increase the limit, ahead of next week’s Budget announcement
Posted: 03/03/2020
Seventy per cent of landlords are anticipating there will be further Government intervention in the private rental and buy-to-let (BTL) sectors during 2020, new research from Foundation Home Loans has revealed
Posted: 03/03/2020
With new Chancellor, Rishi Sunak, set to reveal his first Budget on 11 March, next Wednesday’s announcement is expected to involve plans that ‘shake up’ the mortgage market, according to AJ Bell
Posted: 02/03/2020
Aspen Bridging has been appointed to Connect for Intermediaries’ bridging panel with immediate effect
Posted: 02/03/2020
Fraudsters have targeted UK taxpayers with a total of 1,524,449 fake emails, calls or text messages purporting to be from HMRC over the last two years, new data from Griffin Law has revealed
Posted: 02/03/2020
The number of mortgage approvals for house purchase rose to 70,900 in January, the highest level since February 2016, according to new figures published by the Bank of England (BoE)
Posted: 02/03/2020
Landbay has announced it is refreshing a series of its products including the addition of fees to its 80% LTV products
Posted: 02/03/2020
Vida Homeloans has announced new rate cuts to its Standard, Fee Saver, Help to Buy and Right to Buy products
Posted: 02/03/2020
The increasing price of rental deposits that tenants are paying in the UK has grown at a far slower rate than many other costs of living over the last five years, new data from Hamilton Fraser’s deposit replacement provider, Ome, has revealed
Posted: 02/03/2020
The Mortgage Lender has announced several new rate reductions to simplify its range of buy-to-let (BTL) products
Posted: 28/02/2020
The FCA has published its suspicious transaction and order reports (STORs) figures for 2019, which showed the first decrease in the total number of reports since 2016
Posted: 28/02/2020
Leasehold homeowners have been unfairly treated while prospective buyers have been misled by housing developers, according to the Competition and Markets Authority (CMA)
Posted: 28/02/2020
Annual house price growth in the UK increased from 1.9% in January to 2.3% in February, reaching the strongest rate for 18 months, according to the latest Nationwide House Price Index
Posted: 28/02/2020
Bankhall and PMS Mortgage Club have announced they are strengthening the protection support available to directly authorised firms by partnering with the online critical illness cover comparison tool, CIExpert
Posted: 28/02/2020
TSB has announced it is supporting the Scottish Government’s First Home Fund pilot scheme, allowing first-time buyers in Scotland to apply for a TSB mortgage to purchase their first property via the Fund
Posted: 27/02/2020
Swansea Building Society has announced it has partnered with the direct‐to‐lender mortgage club, Brilliant Solutions, providing access to a wider range of mortgage brokers
Posted: 27/02/2020
The Personal Finance Society (PFS) has announced it is to co-produce a news-style television programme with ITN Productions Industry News, titled Financial Wellbeing
Posted: 27/02/2020
First-time buyers accounted for 81% of the total home purchases through the Help to Buy: Equity Loan scheme in the period between it’s launch in April 2013 and ending September 2019, according to new Government figures
Posted: 27/02/2020
Stonebridge has announced it achieved record results for appointed representative (AR) recruitment into the business during January
Posted: 27/02/2020
Saffron Building Society has announced it is offering mortgage customers a repayment review on a case-by-case basis in the flood affected areas of the UK
Posted: 27/02/2020
Over half of all landlords do not use the services of a tax adviser, a new study from Foundation Home Loans has revealed
Posted: 27/02/2020
The Nottingham for Intermediaries has announced the introduction of a range of limited company buy-to-let (BTL) mortgages
Posted: 26/02/2020
Skipton Building Society and Newcastle Building Society have both announced positive financial results for 2019
Posted: 26/02/2020
Masthaven has announced the launch of a new online broker portal for its short-term lending division
Posted: 26/02/2020
The number of prospective house buyers has increased by more than a quarter since January 2019, while supply of available housing has fallen, new data published by NAEA Propertymark has revealed
Posted: 26/02/2020
House prices across all English cities have risen above pre-crisis peaks for the first time since 2007, according to new data published by Zoopla
Posted: 26/02/2020
Crystal Specialist Finance (CSF) has been appointed to Beneficial Network’s panel to deliver product solutions and education from across its six core specialist divisions
Posted: 26/02/2020
The number of mortgage products available on the UK market has risen by 9.3% over the last 12 months to a new record high, according to new data from Mortgage Brain
Posted: 25/02/2020
The FCA has admitted it mistakenly published confidential information on its website that related to complaints made against the regulator
Posted: 25/02/2020
A new organisation, the Mortgage Market Alliance (MMA), has been launched to promote the UK mortgage industry, raise awareness among consumers about the range of options available, and highlight the importance of advice
Posted: 25/02/2020
One-third of the adults in the UK to have been forced into an early retirement have indicated they would like to be back in work, according to a new study by Just Group
Posted: 25/02/2020
Just Mortgages has announced the appointment of the group’s first female financial services director, Kerry-Ann Davies
Posted: 25/02/2020
Almost one in three people in their 60s have left their pension pots untouched, according to new research published by LV=
Posted: 25/02/2020
First 4 Bridging (F4B) has announced the addition of investment and mortgage specialist, Castle Trust, to its lending panel
Posted: 25/02/2020
Fintech start up, Eligible, announced it has assembled a new advisory board comprised of mortgage industry leaders
Posted: 24/02/2020
LSL Property Services has confirmed it is in talks with Countrywide over a potential merger
Posted: 24/02/2020
The number of remortgages reached 635,277 in 2019, reflecting a rise of 4.2% from the previous year, new data published by LMS has revealed
Posted: 24/02/2020
Almost one million mortgages were approved by the UK’s high street banks during 2019, according to a report published by LearnBonds.com
Posted: 24/02/2020
The Intermediary Mortgage Lenders Association (IMLA) has encouraged the Government to apply a ‘big thinking’ approach to housing in the upcoming Budget announcement in order to start fixing the ‘broken’ UK housing market
Posted: 24/02/2020
Foundation Home Loans has announced a new partnership with packager firm, The Mortgage Trading Company
Posted: 24/02/2020
Mortgage Intelligence has announced the addition of Newcastle Intermediaries to its lender panel
Posted: 24/02/2020
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