Archive News
The latest news in brief coming out of the consumer finance space over the past week, featuring SmartSearch, Evolution Money, and more
Posted: 20/05/2022
Spring Finance has announced that it has successfully completed its first bridging loan
Posted: 20/05/2022
Mansfield Building Society has announced it is making new changes to its buy-to-let (BTL) and residential criteria
Posted: 20/05/2022
The winners of Asset Management Awards 2022 were announced last night at a gala ceremony in London
Posted: 20/05/2022
Mortgage possession actions are slowly recovering from the impact of the pandemic, new government figures have indicated
Posted: 19/05/2022
The FCA has announced it is to use new powers to swiftly cancel or change what regulated activities firms will be permitted to do
Posted: 19/05/2022
Vida Homeloans has announced the launch of an exclusive club at an event in London this week
Posted: 19/05/2022
Standard Life Home Finance has launched a new partnership with PRIMIS Mortgage Network
Posted: 19/05/2022
Older homeowners accessing the value held in their homes via lifetime mortgages and other forms of equity release are directly adding almost £1.8bn in gross value added (GVA) across the UK economy, new research has revealed
Posted: 18/05/2022
The average first-time buyer in the UK is spending £223,751 on their first property, according to new analysis from Direct Line Home Insurance
Posted: 18/05/2022
Inflation has now hit 9.0%, the Office for National Statistics (ONS) has confirmed, a figure that is the fastest rate of price rises for 40 years.
The ONS revealed that its Consumer Prices Index (CPI) climbed by 9.0% in the 12 months to April 2022, a level up from 7.0% in March
The ONS revealed that its Consumer Prices Index (CPI) climbed by 9.0% in the 12 months to April 2022, a level up from 7.0% in March
Posted: 18/05/2022
Annual house price growth in the UK dropped to 9.8% in the year to March, according to the latest UK House Price Index published by the Office for National Statistics (ONS)
Posted: 18/05/2022
The number of equity release products has almost trebled in the past year after hitting a new record high of 1,557 at the end of the first quarter, new data from Key Partnerships has revealed
Posted: 18/05/2022
TMA Club has announced the addition of Even to its broker panel
Posted: 18/05/2022
The cost-of-living crisis is threatening to have a “destructive impact” on the long-term savings plans of young people in the UK, research from AJ Bell has indicated
Posted: 17/05/2022
Nationwide has become the first bank or building society to offer ReachOut, a free service for the society’s members to provide support to members impacted by financial hardship
Posted: 17/05/2022
Nearly two-fifths (39 per cent) of ‘amber flags’ raised by pension trustees of a transferring pension scheme were due to overseas investments, according to a Freedom of Information (FOI) request by Quilter
Posted: 17/05/2022
The governor of the Bank of England (BoE), Andrew Bailey, has indicated that consumer price inflation will hit 10% before the end of the year
Posted: 17/05/2022
The annual rate of rental growth for new lets climbed to 11% the in the first quarter of the year, according to Zoopla’s latest UK rental Market Report
Posted: 17/05/2022
Almost nine in 10 people (87%) people between the ages of 11 and 18 in the UK have “limited knowledge” about managing money, new research from Yorkshire Building Society has suggested
Posted: 17/05/2022
Recognise Bank is to benefit from £8.7m in new capital following a new successful round of funding announced by the bank’s parent company, the City of London Group (CoLG)
Posted: 17/05/2022
Selina Finance has announced several criteria enhancements across its residential range for self-employed, unencumbered properties and married applicants
Posted: 16/05/2022
Around four out of five adults (78%) across the UK have not registered a Lasting Power of Attorney (LPA), new research from Canada Life has indicated
Posted: 16/05/2022
Landbay has announced the launch of a new broker portal and at the same time revealed a new brand identity
Posted: 16/05/2022
Second charge lender, Evolution Money, has announced the appointment of Sue Harrison as its new head of environment, social and governance (ESG)
Posted: 16/05/2022
New business carried out in the consumer finance space jumped by 19% in March compared to the same month last year, figures published by the Finance & Leasing Association (FLA) have revealed
Posted: 16/05/2022
Plans for retirement are driving around one in three (32%) of equity release customer choices, new research from Standard Life Home Finance has indicated
Posted: 16/05/2022
Mortgage customers over the age of 65 are finding it significantly harder to get the mortgage they want compared to younger borrowers, according to the Mortgage Broker Tools (MBT) Affordability Index
Posted: 16/05/2022
The latest news in brief coming out of the consumer finance space over the past week, featuring Newbury Building Society, Twenty7Tec, and more
Posted: 13/05/2022
Annual house price growth covering England and Wales climbed to 10.4% in April, according to the latest e.surv Acadata House Price Index
Posted: 13/05/2022
Lending across the second charge space totalled £140.4m in April, figures reported directly to Loans Warehouse from second charge lenders have indicated
Posted: 13/05/2022
Nationwide has increased the maximum loan-to-income (LTI) it will offer on its “like-for-like” remortgages
Posted: 13/05/2022
The health of defined benefit (DB) pension schemes in the UK continued to improve in the first quarter of 2022, reaching a new high as of 31 March 2022, data published by Legal & General Investment Management (LGIM) has revealed
Posted: 12/05/2022
Total gross lending hit £156.8m in the UK bridging finance market during Q1 2022, new data published by Bridging Trends has shown
Posted: 12/05/2022
The “maximum age of the borrower” at the end of the term was the most common criteria search by mortgage brokers in the residential sector in April, Knowledge Bank’s latest criteria tracker results have shown
Posted: 12/05/2022
The UK’s GDP shrunk by 0.1% in March, new figures published by the Office for National Statistics (ONS) have confirmed
Posted: 12/05/2022
Four NatWest Group banks have been fined £1.82m by the Payment Systems Regulator (PSR) for overcharging interchange fees on credit cards
Posted: 12/05/2022
Legal & General Mortgage Club has added specialist mortgage lender, Lendco, to its lender panel
Posted: 12/05/2022
360 Dotnet has announced a five-year contract renewal with New Leaf Distribution
Posted: 12/05/2022
The average UK household will be short of £100 a month by 2024 as the cost-of-living crisis begins to see expenses outpace incomes
Posted: 11/05/2022
Energy price spikes in the UK are changing attitudes among homeowners towards making green improvements to their property, new research from NatWest and S&P Global has indicated
Posted: 11/05/2022
Brokers are are offering bridging finance options to their clients despite a lack of knowledge in the sector, new research by Brightstar Financial and West One has indicated
Posted: 11/05/2022
A total of 12,388 mortgages have been completed with the help of the government’s Mortgage Guarantee Scheme, new figures published by the Treasury have revealed
Posted: 11/05/2022
OSB Group has announced it is launching launch of a new office based businesses development manager (BDM) team under the direction of the firm’s head of intermediary sales development, Simon Cockerill
Posted: 11/05/2022
The average number of mortgages placed per year by intermediaries reduced slightly in Q1 2022 compared to the previous quarter
Posted: 11/05/2022
Vida Homeloans has announced it is making several changes to its residential mortgage range
Posted: 11/05/2022
Specialist lender, Together, has announced that it has provided more than £103m in short-term commercial finance in just a month
Posted: 10/05/2022
The government has widened a ban on exclusivity causes for low-income workers to allow them to work multiple jobs and boost their income, although Interactive Investor (II) has raised concerns over low-paid workers' state pensions
Posted: 10/05/2022
Overdraft interest rates have surged since the start of the pandemic, rising from 20.99% in February 2020 to 34.07% in April this year, according to Bank of England (BoE) figures
Posted: 10/05/2022
7IM has expanded its retirement proposition for financial advisers by partnering with Just to offer its secure lifetime income (SLI) on the 7IM platform
Posted: 10/05/2022
Fees paid to HMRC by estate agents for anti-money laundering (AML) supervision have increased by 205% annually, research from Credas Technologies has revealed
Posted: 10/05/2022
Moneyhub has partnered with financial analytics firm, Envizage, to deliver an open banking-powered financial planning application
Posted: 10/05/2022
Nationwide has reported it is protecting its members from an additional 2,000 cases of online card fraud a month as a result of new payment checks at online checkouts
Posted: 09/05/2022
Newcastle Intermediaries has removed the minimum income criteria on its buy-to-let (BTL) mortgage products
Posted: 09/05/2022
The Mortgage Industry Mental Health Charter (MIMHC) has launched a new mental health and wellbeing report to coincide with Mental Health Awareness Week 2022
Posted: 09/05/2022
Five directors of financial advice firms have been prohibited from working in financial services by the FCA and fined over £1m, after they caused significant losses to pension customers
Posted: 09/05/2022
The Right Mortgage & Protection Network has confirmed a new five-year commitment to Mortgage Brain
Posted: 09/05/2022
Dudley Building Society has announced it is launching two new five-year fixed rate products in the shared ownership space
Posted: 09/05/2022
The latest news in brief coming out of the consumer finance space over the past week, featuring West One Loans, VAS Group, and more
Posted: 06/05/2022
Broker searches for homeowners looking for joint borrower sole proprietor (JBSP) mortgages climbed by 17% in March, according to new research from Legal & General Mortgage Club’s SmartrCriteria tool
Posted: 06/05/2022
The average UK house price increased by 1.1% in April to record the tenth consecutive monthly rise, the latest Halifax House Price Index has revealed
Posted: 06/05/2022
The winners of the Mortgage Awards 2022 were announced last night at a gala ceremony in London
Posted: 06/05/2022
The Bank of England (BoE) has confirmed it is increasing its base rate to 1%
Posted: 05/05/2022
Sesame Bankhall Group has launched a new campaign to help financial advisers who want to write more protection business
Posted: 05/05/2022
Four out of five (80%) financial advisers feel they are “well prepared” for the introduction of new customer care standards, as part of the FCA’s Consumer Duty Guidance
Posted: 05/05/2022
Just Mortgages has announced that it brought in 50 new brokers to its self-employed division in the first three months of 2022
Posted: 05/05/2022
Central Trust has announced significant new changes to its residential and consumer buy-to-let mortgage propositions
Posted: 05/05/2022
Upwards pressure on pricing has pushed 4.3 million homes into higher stamp duty brackets over the last two years, the latest Zoopla House Price Index has revealed
Posted: 04/05/2022
Seven in 10 (70%) first-time buyers looking to purchase in the next 12 to 24 months are delaying as the rising cost of living impacts their ability to save towards a deposit, according to a new study from Nationwide
Posted: 04/05/2022
Mansfield Building Society has announced it is relaunching capital raising and debt consolidation remortgages up to 90% LTV
Posted: 04/05/2022
The accounting deficit of defined benefit (DB) pension schemes for the UK’s 350 largest listed companies fell by £24bn over the course of April, according to Mercer’s latest Pensions Risk Survey
Posted: 04/05/2022
Net borrowing of mortgage debt by individuals increased to £7.0bn in March, a figure up from £4.6bn in February, new Bank of England (BoE) figures have confirmed
Posted: 04/05/2022
MPowered Mortgages has announced its entry into the prime residential mortgage market after receiving relevant permissions from the FCA
Posted: 04/05/2022
360 Dotnet has renewed its contract with appointed representative (AR) network, HLPartnership (HLP)
Posted: 04/05/2022
Buckinghamshire Building Society has launched a new buy-to-let (BTL) mortgage product aimed at borrowers with non-standard credit
Posted: 03/05/2022
The closed defined benefit pension scheme for Nationwide Building Society has completed a £172m bulk annuity transaction with Canada Life
Posted: 03/05/2022
The Right Mortgage & Protection Network has launched a new strategic partnership with HSBC Life
Posted: 03/05/2022
The Bank of England (BoE) is expected to increase its base rate from 0.75% to 1% this week, the Financial Times has reported
Posted: 03/05/2022
The UK is set to borrow an additional £9bn on credit cards over the next six months to survive the cost-of-living crisis, a new report by subscription lender, Creditspring, has suggested
Posted: 03/05/2022
Tuscan Capital has announced it has secured new funding for buy-to-let (BTL) portfolio landlords looking to secure short-term funding
Posted: 03/05/2022
Impact Specialist Finance has announced a new partnership with conveyancing portal, Movin Legal
Posted: 03/05/2022
The latest news in brief coming out of the consumer finance space over the past week, featuring Vida Homeloans, LiveMore Capital, and more
Posted: 29/04/2022
Family Finance has confirmed that it has joined the Association of Short-Term Lenders (ASTL)
Posted: 29/04/2022
Flexible long-term fixed rates could “dominate” the UK mortgage market in the future, mortgage lender Perenna has stated
Posted: 29/04/2022
AI start-up firm Propflo has announced that it has successfully closed its pre-seed funding round of £180,000 from investors to grow its property transparency platform
Posted: 29/04/2022
The pace of annual house price growth across the UK slowed to 12.1% in April, according to the latest Nationwide House Price Index
Posted: 29/04/2022
The Right Mortgage Network has become the first network to be granted full access to both the more2life ‘Flexi Choice’ plans and the ‘Classic’ plan offered through Pure Retirement
Posted: 28/04/2022
The value of residential loans to individuals within the buy-to-let (BTL) sector has fallen by 8% since 2016, according to new research carried out by Octane Capital
Posted: 28/04/2022
The average time taken to complete a pension transfer has increased by 45% between 2018/19 and 2021/22, new analysis by PensionBee has found
Posted: 28/04/2022
The FCA’s latest regulated fees and levies consultation has been criticised by the Association of Mortgage Intermediaries (AMI)
Posted: 28/04/2022
Barclays has announced it is to start screening transactions for climate change risks
Posted: 28/04/2022
Almost £800bn worth of equity was available for release in UK homes in the first quarter, analysis by Canada Life has revealed
Posted: 28/04/2022
Air Group has announced it is introducing a Just API link to its Air Sourcing platform
Posted: 28/04/2022
Three of the UK’s largest mortgage distributors have announced a new collaboration, the Mortgage Climate Action Group
Posted: 27/04/2022
Optimus has announced a new partnership with Uinsure in a move that will see the integration of home insurance into the Optimus platform
Posted: 27/04/2022
Mortgage Intelligence has confirmed it is in a partnership with Mortgage Brain to deliver a digital solution for advisers
Posted: 27/04/2022
Around just two out of five (37%) over-55s have planned for the impact of inflation on their personal finances when they stop work, new research from Key Later Life Finance has indicated
Posted: 27/04/2022
Financial support services provider, MorganAsh, has announced the launch of a new consumer vulnerability assessment tool
Posted: 26/04/2022
Average UK rents have increased for the sixth consecutive quarter, figures from the Deposit Protection Service (DPS) have indicated
Posted: 26/04/2022
A new record high of 23,395 equity release customers accessed the wealth in their property during the first quarter of the year, new figures published by the Equity Release Council have revealed
Posted: 26/04/2022
Second charge lenders have reported that lending across the second charge space totalled £155.5m in March, according to the latest Secured Loan Index published by Loans Warehouse
Posted: 26/04/2022
HMRC has now taken in £6.1bn from inheritance tax (IHT) receipts since April 2021, new figures have confirmed
Posted: 26/04/2022
The Bridging Group has become the latest lender to join the Association of Short-Term Lenders (ASTL)
Posted: 26/04/2022
TMA Club has announced a new partnership with mortgage lender, Generation Home, as the mortgage club continues to expand its panel for brokers
Posted: 26/04/2022
Pausing pension contributions in April due to the ‘triple whammy’ of increasing inflation, a freeze in income tax thresholds and the rise in National Insurance could be dangerous for savers, Aegon has warned
Posted: 25/04/2022
Allica Bank has announced it is adding fixed rate commercial mortgages to its portfolio of SME lending products
Posted: 25/04/2022
Around half (49%) of instant access savings accounts contain less than £500, new figures have revealed
Posted: 25/04/2022
The price of property coming to market has hit a new record high for the second consecutive month, with the national average now standing at £354,564
Posted: 25/04/2022
A Freedom of Information request to HMRC has revealed that just 153,241 trust registrations have been received since the Trustee Registration Service began in June 2017
Posted: 25/04/2022
Impact Specialist Finance has been appointed to the Quantum Mortgages packager panel
Posted: 25/04/2022
The latest news in brief coming out of the consumer finance space over the past week, featuring 360 Dotnet, Hampden & Co, and more
Posted: 22/04/2022
A ban on charging ground rent on leases in England and Wales is to come into force on 30 June, the government has confirmed
Posted: 22/04/2022
The FCA has confirmed that QPay Europe Limited, which claims to be a fintech start up offering due diligence and underwriting services, has consented to a court order to give up £2m held in its name
Posted: 22/04/2022
Impact Specialist Finance has been appointed by United Trust Bank (UTB) to its newly formed buy-to-let (BTL) packager panel
Posted: 22/04/2022
Experts from across the pensions industry have warned that the cost-of-living crisis is likely to affect people’s abilities and willingness to adequately save for retirement, especially those not in scope of auto-enrolment (AE)
Posted: 21/04/2022
Software provider, iPipeline, has announced a long-term partnership with mutual income protection insurer, Cirencester Friendly
Posted: 21/04/2022
Recognise Bank has announced its entry into the business savings market with the launch of a new easy access savings account
Posted: 21/04/2022
The number of residential property transactions in the UK jumped by 18.2% in March compared to February’s total, new HMRC figures have revealed
Posted: 21/04/2022
The next generation of homeowners may be paying off their mortgages into retirement due to the increasing age of first-time buyers and buyers seeking longer-term mortgages, according to analysis from Trussle
Posted: 21/04/2022
United Trust Bank has announced that it has passed the £1bn mark in specialist mortgage lending
Posted: 21/04/2022
Annual house price growth in Scotland accelerated to 8.2% in February, according to the latest Walker Fraser Steele Acadata House Price Index (Scotland).
Posted: 20/04/2022
Outstanding balances on credit card accounts have grown by 3.8% in a year, new data published by UK Finance has revealed
Posted: 20/04/2022
Over seven in 10 (72%) UK adults have never completed an expression of wish form, new research from Canada Life has indicated
Posted: 20/04/2022
The National Credit Awards 2022 are now open to entries from firms operating across the UK credit space
Posted: 20/04/2022
Moneyhub has partnered with financial technology platform, Wyzr, to enable automated financial planning
Posted: 20/04/2022
Rules that will require listed companies to report information about the representation of women and ethnic minorities on their boards and executive management have today been finalised by the FCA
Posted: 20/04/2022
Knowledge Bank has partnered with specialist lender, United Trust Bank (UTB), to create a new digital criteria guide
Posted: 20/04/2022
Bfinance has become an official adopter of the Impact Investing Principles for Pensions from the Impact Investing Institute, it has announced
Posted: 19/04/2022
Rental yields fell to 5.7% during the first quarter of 2022, down from 6.3% in the opening quarter last year, new figures published by Fleet Mortgages have revealed
Posted: 19/04/2022
Customers considering an equity release product will again be required to have at least one face-to-face meeting in person with a solicitor before taking out a plan, the Equity Release Council has announced
Posted: 19/04/2022
CHL Mortgages has entered the short-term let market with the introduction of a new five-year fixed rate product range, up to 75% LTV
Posted: 19/04/2022
The Intermediary Mortgage Lenders Association (IMLA) has announced that three building societies have joined as new members
Posted: 19/04/2022
TMA Club has announced a new partnership with Vernon Building Society
Posted: 19/04/2022
The latest news in brief coming out of the consumer finance space over the past week, featuring CHL Mortgages, Countrywide Surveying Services, and more
Posted: 14/04/2022
Lenders are expecting the availability of secured credit to decrease in the coming months, research by the Bank of England (BoE) has suggested
Posted: 14/04/2022
Mortgage brokers are increasingly searching for “defaults” and “missed and late payments” as the cost of living crisis continues to impact borrowers, Knowledge Bank’s latest criteria tracker results have revealed
Posted: 14/04/2022
Foundation Home Loans has announced it is launching a new two-year green fixed and discount offering for residential owner-occupier borrowers
Posted: 14/04/2022
Suffolk Building Society has announced a rate reduction on several of its discount products across a range of mortgage types
Posted: 13/04/2022
People under the age of 35 are more likely than older age groups to have been targeted in an impersonation scam, according to new research by UK Finance
Posted: 13/04/2022
Newcastle Intermediaries has announced the launch of a new 10-year fixed rate mortgage product for house buyers looking for extended payment certainty
Posted: 13/04/2022
The UK’s inflation rate climbed to 7% in the year to March, the highest rate in 30 years
Posted: 13/04/2022
Annual UK house price growth increased to 10.9% in the year to February, a figure up from 10.2% in January
Posted: 13/04/2022
SimplyBiz has announced a new partnership with group life, income protection and critical illness provider, YuLife
Posted: 13/04/2022
PRIMIS Mortgage Network has integrated Twenty7Tec’s APPLY module into its back-office system, Toolbox
Posted: 13/04/2022
A majority 54% of UK homeowners would consider opting for a specialist lender in their mortgage search, even if they had not come across the provider before, new research by Butterfield Mortgages has suggested
Posted: 12/04/2022
Mortgage intermediaries and support staff working within the mortgage sector are being encouraged to contribute to a mental wellbeing study by the Mortgage Industry Mental Health Charter (MIMHC)
Posted: 12/04/2022
BuildLoan has launched a new range of products with Newcastle Building Society offering self and custom builders up to 90% of their land and build costs
Posted: 12/04/2022
Twenty7Tec has announced it is delivering an upgrade to its existing APPLY integration with Halifax
Posted: 12/04/2022
Lifetime mortgage customers are entering the advice process without the legal safeguards to protect their wealth in later life, research published by Hub Financial Solutions has indicated
Posted: 12/04/2022
SimplyBiz Mortgages has announced a new partnership with The Landlord Works to provide its members with direct access to a portfolio landlord facing tool
Posted: 12/04/2022
Market Financial Solutions (MFS) has joined the lender panel for The Business Mortgage Company (TBMC)
Posted: 12/04/2022
West One Loans is the first lender to introduce a green second charge mortgage for landlords available on properties with an EPC rating between A-C
Posted: 11/04/2022
Poor credit scores have deterred one in 10 Brits from applying for a mortgage, according to new research by The Mortgage Lender (TML)
Posted: 11/04/2022
The state pension increases by 3.1% from today, in line with the September 2021 CPI inflation rate
Posted: 11/04/2022
The average deposit for first-time buyers (FTBs) has soared by over 50% throughout the last decade, data published by Stipendium has revealed
Posted: 11/04/2022
Second charge lending has returned to pre-pandemic levels with 59% growth on the number of new agreements, according to latest figures published by the Finance & Leasing Association.
The number of new agreements rose to 2,660 and the value of new business was 70% higher at £119m compared to February 2021
The number of new agreements rose to 2,660 and the value of new business was 70% higher at £119m compared to February 2021
Posted: 08/04/2022
OSB Group has launched a new range of bridging products through Precise Mortgages & Interbay to support brokers with their clients’ requirements for short term lending solutions
Posted: 08/04/2022
The Financial Conduct Authority (FCA) has pledged to focus on results and outcomes rather than being driven by processes in its new three-year strategy, holding itself accountable against published outcomes for the first time ever
Posted: 07/04/2022
The average UK house price reached a new record high of £282,753 in March 2022, according to the latest Halifax House Price Index, a month on month increase of 1.4% and £28,113 higher than this time last year
Posted: 07/04/2022
The government’s stamp duty holiday drove thousands to opt for marathon mortgages, new freedom of information data from the FCA gathered by Quilter has revealed
Posted: 07/04/2022
ULS Technology has rebranded as Smoove.
All platforms under the brand remain in service and consist of eConveyancer, DigitalMove, Legal Eye and Amity Law
All platforms under the brand remain in service and consist of eConveyancer, DigitalMove, Legal Eye and Amity Law
Posted: 07/04/2022
Remortgaging activity spiked in February, as searches for homeowners wanting to remortgage after just six months climbed by 30%, according to new research from Legal & General Mortgage Club’s SmartrCriteria tool
Posted: 07/04/2022
Equity release payments in the UK increased by almost £1bn in 2021, research from debt advisory firm, Henry Dannell, has found
Posted: 06/04/2022
More than £250bn of defined contribution (DC) pension scheme assets could be potentially used for illiquid investment by 2030, with over £100bn specifically for infrastructure investment, analysis by Hymans Robertson has revealed
Posted: 06/04/2022
Twenty7Tec has reported the largest month-on-month rise in mortgage searches in March since the same month last year
Posted: 06/04/2022
Kent Reliance for Intermediaries and EY have worked together to produce an educational guide for brokers based on the rule updates to the UK tax system
Posted: 06/04/2022
More than one million people in the UK are victims of loan sharks, a figure significantly higher than previously thought, new estimates have indicated
Posted: 06/04/2022
Newly retired people financially supported their families with an average £3,700 during 2021, according to research published by Key Later Life Finance
Posted: 06/04/2022
West One Loans has successfully completed a £7.8m large, complex, commercial bridging loan to finance the redevelopment of a hotel in Suffolk
Posted: 05/04/2022
Pepper Money has announced it is launching a range of new Help to Buy remortgage products
Posted: 05/04/2022
The FCA has appointed two new directors of authorisations as the regulator looks to fill 95 new authorisation roles
Posted: 05/04/2022
The government has unveiled new plans that will see cryptocurrency recognised as a valid form of payment
Posted: 05/04/2022
Fintech provider, Bottomline, has announced a new partnership with NatWest
Posted: 05/04/2022
Mortgage brokers are calling on lenders to take a more “affordability-driven approach” to product development, new research from Mortgage Broker Tools (MBT) has indicated
Posted: 05/04/2022
Accord Mortgages has announced the launch of a new range of products available to those who would previously have been declined a mortgage
Posted: 04/04/2022
The Mortgage Industry Mental Health Charter (MIMHC) has revealed plans to target more than 200 signatories by the end of 2022
Posted: 04/04/2022
Market Financial Solutions (MFS) has announced it is lowering the rates across both its buy-to-let (BTL) mortgage range and bridging loan products
Posted: 04/04/2022
The accounting deficit of defined benefit (DB) pension schemes for the UK’s 350 largest listed companies fell by £7bn over the course of March, to stand at £69bn at the end of the month
Posted: 04/04/2022
Around £1m was added to the value of the total UK housing stock every minute in 2021, according to a new report published by the Equity Release Council.
Last year saw the UK’s property wealth reach a record £5.2trn
Last year saw the UK’s property wealth reach a record £5.2trn
Posted: 04/04/2022
Vida Homeloans has made several changes to its criteria for borrowers who are contractors
Posted: 04/04/2022
Molo Finance has announced a new partnership with mortgage distributor, Brilliant Solutions
Posted: 04/04/2022
The latest news in brief coming out of the consumer finance space over the past week, featuring Just Mortgages, Leek United Building Society, and more
Posted: 01/04/2022
More than seven in 10 (71%) UK adults are still managing to save at least some money every month despite the current economic landscape, a new study from Aviva has suggested
Posted: 01/04/2022
City Mortgage Solutions (CMS) has entered into a partnership with SimplyBiz Mortgages and its wider group
Posted: 01/04/2022
Precise Mortgages has announced the launch of a new range of residential mortgage products
Posted: 01/04/2022
Fleet Mortgages has announced it is to launch new seven-year fixed rates in all three of its buy-to-let (BTL) core ranges
Posted: 31/03/2022
Anti-money laundering firm, SmartSearch, has issued a warning around the dangers of non-fungible tokens (NFTs) being used to get around sanctions
Posted: 31/03/2022
Trade bodies representing the legal, surveying, estate agency and property management sectors have launched a new version of the Buyer’s and Seller’s Property Information form (BASPI)
Posted: 31/03/2022
Recognise Bank has revealed that it has now delivered over £100m in lending to UK SMEs since achieving its full banking licence in September 2021
Posted: 31/03/2022
The pace of annual house price growth has accelerated to 14.3% in March, according to the latest Nationwide House Price Index
Posted: 31/03/2022
BuildLoan has agreed a revised lending policy with Chorley Building Society, which includes a return to its pre-pandemic income criteria for employed applicants
Posted: 31/03/2022
e.surv has been appointed by Danske Bank UK to provide valuation services as the bank expands its mortgage lending operations to the UK market
Posted: 31/03/2022
United Trust Bank (UTB) has announced new plans to target growth in non-regulated bridging business in 2022
Posted: 30/03/2022
Government tax breaks for savings and investments have decreased by an average of 6% in the last decade, according to calculations published by Quilter
Posted: 30/03/2022
Two-thirds (66 per cent) of people retiring in 2022 do not plan to give up work completely, compared to 56 per cent of those retiring in 2021 and 34 per cent of 2020 retirees, according to Abrdn’s latest ‘Class Of’ report
Posted: 30/03/2022
Asset manager, GAM International Management Limited (GIML), has been handed a £9.1m fine by the FCA for “failing to conduct its business with due care and attention”
Posted: 30/03/2022
The government will collect £37bn in inheritance tax (IHT) over the next five years, according to new official projections
Posted: 30/03/2022
Foundation Home Loans has announced the launch of a panel of solicitors for specialist property cases
Posted: 30/03/2022
Twenty7Tec has announced a new integration with Pepper Money following a successful pilot period
Posted: 30/03/2022
Around two in five (38%) homebuyers across the UK have experienced a property purchase fall through due to mortgage delays, a new study by Butterfield Mortgages has indicated
Posted: 29/03/2022
Mortgage Advice Bureau (MAB) has announced it is to acquire a majority stake in the Fluent Money Group for a total cash payment of around £73m
Posted: 29/03/2022
The Conveyancing Association (CA) has announced that Coadjute is joining the trade body as a new affiliate member
Posted: 29/03/2022
Annual UK house price growth slowed to 8.1% in February down from 8.4% in January, according to the latest Zoopla House Price Index
Posted: 29/03/2022
Mortgage approvals for house purchase fell to 71,000 in February, down from 73,800 in January, new figures published by the Bank of England (BoE) have revealed
Posted: 29/03/2022
New specialist buy-to-let (BTL) lender, Quantum Mortgages, has added both the packaging and mortgage club arms of Brilliant Solutions to its panel
Posted: 29/03/2022
SmartSearch has launched a new high-risk country report service in response to the introduction of sanctions against Russia
Posted: 29/03/2022
United Trust Bank has announced the appointment of a new head of buy-to-let (BTL) as the firm prepares to launch a new set of products into the BTL sector
Posted: 28/03/2022
The Equity Release Council has launched a new product standard that will allow borrowers to reduce their interest costs
Posted: 28/03/2022
Canada Life has announced that current non-executive director, Andy Watson, is to become the group’s new chairman for the UK
Posted: 28/03/2022
Hampshire Trust Bank (HTB) has announced new changes to its semi-commercial lending criteria following feedback from brokers
Posted: 28/03/2022
Around seven in 10 brokers (69%) operating in the specialist lending space think the “race for space” is not yet over, according to a poll undertaken by TAB
Posted: 28/03/2022
Green product choice in the buy-to-let (BTL) mortgage sector has risen to its highest level, research from Mortgages For Business has revealed
Posted: 28/03/2022
Shared equity loan provider, Proportunity, has announced a new partnership with Knowledge Bank, to make its products available on the criteria search platform for brokers
Posted: 28/03/2022
The latest news in brief coming out of the consumer finance space over the past week, featuring West One Loans, AJ Bell, and more
Posted: 25/03/2022
The rising cost of living is leading to a sharp rise in consumers calling financial services firms across the UK, according to data from communications company, Moneypenny
Posted: 25/03/2022
Canada Life has launched an updated version of its Home Finance Adviser Portal
Posted: 25/03/2022
Mortgage platform, Smartr365, has reached a pre-money valuation of £50m and announced that it is to receive new funding from investors
Posted: 25/03/2022
Seconds activity among prime borrowers has grown again, according to Evolution Money’s latest quarterly data tracker
Posted: 24/03/2022
Nearly three quarters of UK consumers (73%) falsely believe a credit blacklist exists, and over 1 in 4 (27%) people incorrectly think credit reference agencies decide whether people are accepted for credit cards, new research from Experian has shown
Posted: 24/03/2022
Work and Pensions Committee (WPC) chair Stephen Timms has written to the Economic Secretary to the Treasury John Glen to request clarification on HMRC's tax treatment of pension liberation victims
Posted: 24/03/2022
The earnings of the average tenant sit below the rental affordability threshold in five of the nation’s nine regions, research by rental portal Rentd has found
Posted: 24/03/2022
Flexible pension withdrawals increased to £8.3bn for the period of April – December 2021, an increase of 19 per cent compared to the same period in 2020, HMRC has revealed
Posted: 23/03/2022
Digital fraud checks could have significantly reduced the amount of money estimated to have been lost by the government to fraudulent applications for COVID support schemes, anti-money laundering firm SmartSearch has argued
Posted: 23/03/2022
The national insurance and income tax starting thresholds are to be equalised from July, the Chancellor has announced
Posted: 23/03/2022
Specialist finance packager and distributor, Pink Pig Loans, has announced it has rebranded the business and will now be known as Truffle Specialist Finance
Posted: 23/03/2022
Inflation in the UK has hit a 30-year high as the Consumer Prices Index (CPI) rose by 6.2% in the 12 months to February, the Office for National Statistics (ONS) has confirmed
Posted: 23/03/2022
Average UK house prices increased by 9.6% in the year to January 2022, according to the latest UK House Price Index published by the Office for National Statistics (ONS)
Posted: 23/03/2022
Hampshire Trust Bank (HTB) has partnered with digital agency, MagiClick, to support the business in several new digital banking projects
Posted: 23/03/2022
The MoneyAge Awards 2022 are now open to entries from firms across the personal finance space serving clients in the UK
Posted: 22/03/2022
Specialist lender, OSB Group, has unveiled plans for a new high net worth client management team
Posted: 22/03/2022
Just Group has confirmed that it completed a £58m buy-in transaction with the trustees of Keysight Technologies UK Limited Retirement Benefits Plan in December
Posted: 22/03/2022
A total 96,250 residential property transactions were recorded across the UK during February, according to the latest figures published by HMRC
Posted: 22/03/2022
Inheritance Tax (IHT) receipts for the period from April 2021 to February 2022 have totalled £5.5bn, new HMRC figures have confirmed
Posted: 22/03/2022
Mortgage Broker Tools (MBT) has integrated its MBT Affordability research platform with Even, a new lender offering second charge equity loans to support first-time buyers
Posted: 22/03/2022
SimplyBiz Mortgages has doubled the size of its ‘Specialist Property Finance Club’ lender panel over the last 12 months to now feature 20 lenders
Posted: 22/03/2022
BuildLoan has announced the launch of a new product range with Darlington Building Society
Posted: 21/03/2022
The average UK credit card spend fell month-on-month by 12% in January to £669, according to new data published by FICO
Posted: 21/03/2022
Almost half of brokers operating in the specialist lending space think development finance is now “hotter” than the bridging loan market, according to a poll of intermediaries carried out by TAB
Posted: 21/03/2022
The average price of property coming to the housing market climbed by 2.3% in February to a record of £348,804, the latest Rightmove House Price Index has revealed
Posted: 21/03/2022
Landbay has confirmed that it has joined the lender panel of White Rose
Posted: 21/03/2022
The monthly housing costs for first-time buyers are now 13% lower than the cost of renting an equivalent home, analysis by Halifax has revealed, a figure that equates to £115
Posted: 21/03/2022
Market Financial Solutions (MFS) has announced that it has secured £300m of new funding
Posted: 21/03/2022
The latest news in brief coming out of the consumer finance space over the past week, featuring Tenet Group, Avamore Capital, and more
Posted: 18/03/2022
A further £100bn could be removed from the long-term liabilities of UK defined benefit (DB) pension schemes if longer-term gilt yields were to increase in line with The Bank of England’s recent base rate change, analysis from XPS Pensions Group has found
Posted: 18/03/2022
Over half of UK adults (56%) do not currently have a will, a new study by Canada Life has indicated
Posted: 18/03/2022
Mortgage applications for self-employed clients and contractors are the hardest to place, research by cherryplc.co.uk, has found
Posted: 18/03/2022
The Scottish housing market grew by 1.2% in January this year, the highest rate of monthly growth since August
Posted: 17/03/2022
The Nottingham has announced that anyone applying for its mortgages will no longer have a “hard” footprint left on their credit file at the application and Decision in Principle (DIP) stage
Posted: 17/03/2022
The Bank of England (BoE) has increased its base interest rate to 0.75%, the highest level since the start of the pandemic in March 2020
Posted: 17/03/2022
Just 18% of people think that now is a good time to buy a property, research published by the Building Societies Association (BSA) has indicated
Posted: 17/03/2022
Foundation Home Loans has announced it is expanding its green buy-to-let (BTL) product range to specialist property types, including short-term lets and standard HMOs up to six occupants
Posted: 17/03/2022
Seven out of 10 portfolio landlords (70%) are expecting to remortgage or consolidate loans over the next 12 months, new research from CHL Mortgages has indicated
Posted: 17/03/2022
Enra Specialist Finance has announced that Elliott Advisors is to acquire a majority stake in the firm
Posted: 17/03/2022
High-cost lender, SD Taylor Limited, has been placed into administration, the FCA has confirmed
Posted: 16/03/2022
The past year has seen a rise in the number of people checking their cash ISA, new consumer research by AJ Bell has found
Posted: 16/03/2022
The CSM Limited (UK) Pension Scheme has completed an £86m full scheme buy-in with Just Group
Posted: 16/03/2022
Mortgage technology firm Twenty7Tec has announced the appointment of Tony Prestedge to its Board as a non-executive director
Posted: 16/03/2022
December 2021 saw two billion debit card transactions, new data published by UK Finance has revealed, a figure 19% more than in December 2020
Posted: 16/03/2022
The easing of pandemic restrictions has prompted a rise in lifetime mortgage customers using their property wealth to fund lifestyle-focused spending, analysis from Legal & General Home Finance has suggested
Posted: 16/03/2022
Lenders in the second charge space have reported that February saw a £27m climb in total lending to £138.4m, the latest Secured Loan Index from Loans Warehouse has revealed
Posted: 16/03/2022
Newcastle Intermediaries has completed a new integration with Twenty7Tec
Posted: 15/03/2022
New investors are expecting greater sustainability expertise from fund managers, a study from Triodos Bank has indicated
Posted: 15/03/2022
Quilter has announced the launch of two new client profiling tools for financial advisers
Posted: 15/03/2022
Cairngorm Capital has confirmed that its portfolio company, Verso Wealth Management, has acquired CDC Wealth Management
Posted: 15/03/2022
LiveMore Capital has announced it is entering the Scottish market to provide alternative mortgage solutions for borrowers hit by inflation, interest rates and costs of living
Posted: 15/03/2022
Digital mortgage lending platform, Molo Finance, has announced the launch of its first residential product, backed by a funding arrangement with specialist pensions insurer, Rothesay
Posted: 15/03/2022
Paradigm Protect, which is part of Paradigm Mortgage Services, has become the first directly authorised (DA) distributor to add HSBC Life to its panel
Posted: 15/03/2022
HSBC UK has become the first bank in the UK to launch a video call support feature as part of its online investment advice service, My Investment
Posted: 14/03/2022
Nearly half a million over-50s have been forced into retirement earlier than they planned since the start of the pandemic in 2020, figures from the Office for National Statistics (ONS) have revealed
Posted: 14/03/2022
Specialist mortgage network, Connect IFA Ltd, has announced that Mortgage & Surveying Services (MSS) Group has acquired a significant stake in the business
Posted: 14/03/2022
West One Loans has added new seven-year fixed pay-rate products and lifetime tracker products to it buy-to-let (BTL) range
Posted: 14/03/2022
Around nine in 10 brokers would say they have recommended a lender that they did not initially consider on the basis of affordability
Posted: 14/03/2022
COVID has pushed the average age of a first-time buyer up by almost two years, analysis by GetAgent has indicated
Posted: 14/03/2022
The latest news in brief coming out of the consumer finance space over the past week, featuring United Trust Bank, Newcastle Intermediaries, and more
Posted: 11/03/2022
Upcoming energy efficiency changes for buy-to-let (BTL) landlords to consider on their properties could prove to be a “danger coming down the track”, SimplyBiz Mortgages has warned
Posted: 11/03/2022
New business conducted in the consumer finance space saw a 51% jump in January compared with the same month in 2021, new figures published by the Finance & Leasing Association (FLA) have revealed
Posted: 11/03/2022
Recognise Bank has completed a £2m loan for an office premises in just 23 days from credit being agreed to the funds being drawn down
Posted: 11/03/2022
One Mortgage System (OMS) has announced it is to form a strategic alliance with anti-money laundering firm, Sanctions Search
Posted: 11/03/2022
Protecting savers from scammers must be a central priority in the rollout of pensions dashboards, AJ Bell has argued
Posted: 10/03/2022
Paradigm Mortgage Services has announced the addition of Vernon Building Society to its lender panel, launching to members with a new semi-exclusive buy-to-let (BTL) product
Posted: 10/03/2022
BuildLoan has added two new low-fee products to its self-build range in conjunction with Hinckley & Rugby Building Society
Posted: 10/03/2022
February saw the average house price across England and Wales climb by 1.5% to reach a new record of £361,767
Posted: 10/03/2022
Mortgage brokers are currently working with numerous borrowers who have recently started new jobs, analysis from Knowledge Bank has indicated
Posted: 10/03/2022
Mortgage Brain has announced that Market Financial Solutions (MFS) has gone live on its Criteria Brain platform to improve access to loans for complex clients
Posted: 10/03/2022
Shared equity loan provider, Proportunity, has announced that Tembo has become the latest firm to join its broker panel
Posted: 10/03/2022
Newbury Building Society has promoted its operations and sales director, Phillippa Cardno, to be the society’s new chief executive officer
Posted: 09/03/2022
An estimated £426m worth of property across England and Wales has been repossessed in the last 12 months, analysis from HBB Solutions has indicated
Posted: 09/03/2022
The Department for Work and Pensions’ (DWP) current proposals in its consultation could risk creating ‘dumb’ pensions dashboards of limited initial use to consumers, LCP has warned
Posted: 09/03/2022
The government has announced it is making changes to its Online Safety Bill to tackle scams and fraud
Posted: 09/03/2022
The Mortgage Hut has announced a new partnership with fintech provider, Nivo, to launch an instant messaging service
Posted: 09/03/2022
Landbay has set up a new portfolio underwriting team to cater specifically for professional landlords who own rental properties in a portfolio of between £2m and £15m
Posted: 09/03/2022
Around 6% of UK adults have missed some form of major payment over the last two years because of the pandemic’s impact on household finances, research from The Mortgage Lender has suggested
Posted: 09/03/2022
Specialist mortgage and credit managing general agent (MGA), Qualis Credit Risk, has announced its first high FTV home purchase plan completions with challenger bank, Gatehouse Bank
Posted: 08/03/2022
Property investment and financing platform, Estateguru Marketplace Limited, has announced it is launching to the UK market with its first office opening in Manchester
Posted: 08/03/2022
Men are much more likely than women to go to money advice websites or financial advisers, a new study by Canada Life has indicated
Posted: 08/03/2022
The outstanding value of all residential mortgage loans at the end of Q4 2021 was £1,613.4bn, a figure 4.7% higher than the year before
Posted: 08/03/2022
UK households are facing the biggest income squeeze in half a century, a new report published by the Resolution Foundation has warned
Posted: 08/03/2022
SimplyBiz Mortgages has added Loughborough for Intermediaries to its lender panel with immediate effect
Posted: 08/03/2022
finova Payment and Mortgage Services has announced a new partnership with specialist mortgage provider, Norton Home Loans
Posted: 08/03/2022
The Association of Short-Term Lenders (ASTL) has announced that Glenhawk has become the latest lender to join the organisation
Posted: 07/03/2022
Over four in five brokers (86%) would say that mortgage affordability is “more complex than ever”, according to research by Mortgage Broker Tools (MBT)
Posted: 07/03/2022
Accord Mortgages has announced it is adding buy-to-let (BTL) functionality to its API technology, as part of a move aimed to make it easier for brokers to submit mortgage applications for landlords
Posted: 07/03/2022
Millions of people are failing to compare lending products from at least two providers and risk not getting the best deal available to them, research by Freedom Finance has indicated
Posted: 07/03/2022
Annual house price growth climbed to 10.8% in February, its strongest level since June 2007, according to the latest Halifax House Price Index
Posted: 07/03/2022
Almost half (48%) of people with adverse credit would say that their current financial position negatively impacts their mental health, according to new research published by Pepper Money
Posted: 07/03/2022
A large number of mortgage brokers are expecting to place a second charge for the first time during 2022, new research published by Central Trust has indicated
Posted: 07/03/2022
The latest news in brief coming out of the consumer finance space over the past week, featuring Sesame Bankhall Group, Pepper Money, and more
Posted: 04/03/2022
Advisers must focus on retention and nurturing their existing client bank in 2022, according to SimplyBiz Mortgages
Posted: 04/03/2022
UK house prices climbed by 7.8% in the year to January, the latest Zoopla House Price Index has revealed, taking the average house price to £244,100
Posted: 04/03/2022
Property investor and landlord platform, Lendlord, has announced it is launching a new integrated auction tool
Posted: 04/03/2022
Uinsure has announced it is launching two new insurance journeys for landlords on its adviser platform
Posted: 03/03/2022
finova has announced that it has fully migrated its servicing proposition to the cloud using Microsoft Azure, as part of a move to enable faster deployments
Posted: 03/03/2022
Pepper Money has reported an increase in the number of people who have experienced more severe forms of adverse credit
Posted: 03/03/2022
The FCA has reported a significant rise in checks for cryptocurrency scams, with checks on the regulator’s ScamSmart website rising by 49% in the period between April and September 2021
Posted: 03/03/2022
Three out of 10 buy-to-let landlords (30%) are still unaware of government proposals that all rental properties must have an Energy Performance Certificate (EPC) rating of A, B or C, a new study has indicated
Posted: 03/03/2022
SimplyBiz Mortgages has announced a new partnership with reg tech provider, Comentis, to create a new equity release financial vulnerability identification and assessment tool
Posted: 03/03/2022
Mortgage Broker, The Mortgage Brain (TMB), has announced a partnership with shared equity loan provider, Proportunity, to help borrowers with small deposits become homeowners
Posted: 03/03/2022
One Mortgage System (OMS) has announced that it has integrated the Land Registry search facility into its CRM system
Posted: 02/03/2022
The accounting deficit of defined benefit (DB) pension schemes for the UK’s 350 largest listed companies fell by £4bn during February, to stand at £76bn at the end of the month
Posted: 02/03/2022
Lenders must prioritise product development over the next year for the mortgage market to adapt to the longer-term impacts of the pandemic, SimplyBiz Mortgages has stated
Posted: 02/03/2022
Annual house price growth accelerated to 12.6% in February, the latest Nationwide House Price Index has revealed
Posted: 02/03/2022
Over a quarter of homeowners (26%) are now more likely to consider purchasing a new-build property compared to before the pandemic, new research from FJP Investment has indicated
Posted: 02/03/2022
New Leaf has announced the addition of Norton Home Loans to its lender panel
Posted: 02/03/2022
Mortgage Brain has announced that it has acquired Mortgage Engine
Posted: 02/03/2022
Fleet Mortgages has outlined a new ESG policy statement with the steps the lender will take in order to meet its targets
Posted: 01/03/2022
finova Payment and Mortgage Services has announced a new partnership with equity loan provider, Even
Posted: 01/03/2022
LDNfinance has announced that Greg Cunnington is to become the firm’s new chief operating officer
Posted: 01/03/2022
Net borrowing of mortgage debt by individuals climbed to £5.9bn in January, up from £4bn in December
Posted: 01/03/2022
The Financial Intermediary and Broker Association (FIBA) and Berkeley Alexander have partnered to launch a commercial insurance solution exclusively for FIBA members
Posted: 01/03/2022
Completions and applications in the bridging lending sector both reached record highs in the last quarter of 2021, new data published by the Association of Short-Term Lenders (ASTL) has revealed
Posted: 01/03/2022
Overall mortgage search volumes by advisers increased by almost 80% in January, new analysis from Legal & General Mortgage Club has revealed
Posted: 01/03/2022
The Bank of England (BoE) has announced that its Financial Policy Committee (FPC) is to move forward with a consultation on withdrawing its affordability stress test for mortgage applications
Posted: 28/02/2022
eConveyancer has launched a new partnership with Stipendium to provide its customers with access to conveyancing services
Posted: 28/02/2022
Buy-to-let (BTL) affordability has jumped to its highest level on record, according to the latest Mortgage Broker Tools (MBT) Affordability Index
Posted: 28/02/2022
A majority 55% of brokers have indicated they regularly come across difficulties when trying to find a solution for first-time landlords, research by Mercantile Trust has suggested
Posted: 28/02/2022
Barclays has been fined £783,000 by the FCA for oversight failings in its relationship with collapsed payments firm, Premier FX
Posted: 28/02/2022
BuildLoan and Nottingham Building Society have launched three new cost-based self and custom build mortgage products
Posted: 28/02/2022
The Intermediary Mortgage Lenders Association (IMLA) has announced that Gallagher Re will join the trade body as an associate member
Posted: 28/02/2022
The latest news in brief coming out of the consumer finance space over the past week, featuring Mortgage Brain, Frontier Development Capital, and more
Posted: 25/02/2022
The Conveyancing Association (CA) has announced its support for several new government proposals, including an increase to the ‘non-residential limit’ within buildings from 25% to 50%
Posted: 25/02/2022
The Nottingham has launched a pair of new two-year fixed 95% LTV mortgages for first-time buyers
Posted: 25/02/2022
Paragon Bank has announced it is launching an inaugural green savings fixed rate bond aimed at helping improve the energy efficiency of UK homes
Posted: 25/02/2022
Foundation Home Loans has unveiled a new buy-to-let (BTL) product range exclusively for expat landlords
Posted: 24/02/2022
More than a third (34%) of potential home buyers could see their mortgage application rejected this year due to “adverse credit histories”, new research by The Mortgage Lender (TML) has indicated
Posted: 24/02/2022
TMA Club has announced the addition of The Loan Partnership to its panel
Posted: 24/02/2022
TransUnion has partnered with rent reporting platform, CreditLadder, to incorporate UK tenants’ rental payments into their credit information
Posted: 24/02/2022
Around 850,000 UK pensioners could be missing out on a total £1.7bn of pension credit, analysis by Just Group has found
Posted: 24/02/2022
Just Mortgages has announced the launch of a new equity release proposition
Posted: 24/02/2022
SimplyBiz Mortgages has announced a new partnership with Generation Home
Posted: 24/02/2022
People approaching their retirements and planning to buy an annuity would ideally require an annual income of £22,500 on average, analysis from Canada Life has indicated
Posted: 23/02/2022
Comparison searches for loans have more than doubled over the last year, new analysis from Experian has revealed
Posted: 23/02/2022
OSB Group has announced plans for a new sales team structure to provide brokers with enhanced engagement through multiple communication channels
Posted: 23/02/2022
A new independent low deposit mortgage intermediary, Home me, has announced its launch to the UK mortgage market
Posted: 23/02/2022
Suffolk Building Society has launched two new fixed rate products up to 95% LTV aimed at helping first-time buyers
Posted: 22/02/2022
Most over-45s who have experienced vulnerability have not told their financial adviser but would be more likely to if the advice firm had taken proactive steps to educate them, new research by Just Group has suggested
Posted: 22/02/2022
January saw a 12.6% annual fall in the number of residential property transactions carried out in the UK, new HMRC estimates have indicated
Posted: 22/02/2022
Inheritance tax (IHT) receipts for the period between April 2021 and January 2022 totalled £5.0bn, new HMRC figures have revealed
Posted: 22/02/2022
Conveyancer and panel management firm, LMS, has announced an integration with Uinsure
Posted: 22/02/2022
Buy-to-let (BTL) portfolio landlords are more likely to be aware of the government’s proposed Energy Performance Certificate (EPC) requirements than non-portfolio landlords, new research from Landbay has indicated
Posted: 22/02/2022
More than three in 10 investors (31%) with adult children are planning on giving them a living inheritance this year, according to a poll by interactive investor
Posted: 21/02/2022
Cornerstone Capital has completed a £500,000 bridging deal, the largest deal that the lender has ever secured
Posted: 21/02/2022
Vida Homeloans has announced that it is launching a new “segmented” sales approach to improve its proposition for brokers
Posted: 21/02/2022
The average price of property entering the housing market climbed by 0.3% in January, according to the latest Rightmove House Price Index
Posted: 21/02/2022
Cash ISAs saw £7bn of outflows in the final six months of 2021, the biggest total from ISAs since they were launched in 1999
Posted: 21/02/2022
The majority of lenders see the work of advisers as “essential” to helping non-standard borrowers to find the right mortgage for their needs, new research published by the Intermediary Mortgage Lenders Association (IMLA) has indicated
Posted: 21/02/2022
The latest news in brief coming out of the consumer finance space over the past week, featuring Suffolk Building Society, Suros Capital, and more
Posted: 18/02/2022
Three in 10 over-55s (30%) who have private pension savings are planning to release equity from their home as part of their retirement income funding, according to new research from Canada Life
Posted: 18/02/2022
The Cash Action Group has announced several new appointments as part of a move to establish a Banking Hub company to oversee the rollout of cash services across the UK
Posted: 18/02/2022
CHL Mortgages has announced it is launching a new seven-year fixed rate product range
Posted: 18/02/2022
Aldermore bank has announced it is reducing its product switch rates for existing residential and buy-to-let (BTL) customers
Posted: 17/02/2022
Fleet Mortgages has announced that its chief executive officer, Bob Young, is to retire in April following a career in lending spanning more than 25 years
Posted: 17/02/2022
A total of 6,535 mortgages were completed with the support of the government’s mortgage guarantee scheme in the period between its launch in April last year and September, new Treasury figures have revealed
Posted: 17/02/2022
There were an estimated 5.5 million anti-money laundering (AML) and identity checks conducted across the UK property market over the last year, new figures have revealed
Posted: 17/02/2022
PRIMIS Mortgage Network has reported that its product desk saw a large proportion of queries relating to mortgages for those with adverse credit during January
Posted: 17/02/2022
Atom Bank has raised more than £75m in new equity priced at 70p per share as the app-based bank continues to grow its profitability
Posted: 17/02/2022
Market Financial Solutions (MFS) has completed its first deal in collaboration with Knight Frank Finance
Posted: 16/02/2022
Almost half of the UK’s cryptocurrency investors (47%) do not currently have an ISA, according to new research by AJ Bell
Posted: 16/02/2022
Borrowers are turning to second charge mortgages to help alleviate financial issues, new analysis by Knowledge Bank has indicated
Posted: 16/02/2022
The UK’s 12-month rate of inflation increased again in January, the Office for National Statistics (ONS) has confirmed
Posted: 16/02/2022
Millions of UK renters have no insurance safety net in place, prompting fears that many would be unable to pay their bills if they were to fall critically ill, lose their job or the person they live with was to pass away, according to a new study
Posted: 16/02/2022
The average UK house price climbed by 10.8% over the year to December 2021, the latest UK House Price Index published by the Office for National Statistics (ONS) has revealed
Posted: 16/02/2022
Twenty7Tec has added Octopus Real Estate’s mortgage product range to its SOURCE module
Posted: 16/02/2022
Source Insurance has unveiled a new update to its general insurance (GI) platform to help brokers obtain quotes quicker
Posted: 15/02/2022
Completion volumes across the remortgage market increased through 2021, new analysis by LMS has indicated, as the industry capacity continued to grow last year
Posted: 15/02/2022
Newcastle Intermediaries has announced a new partnership with Experian
Posted: 15/02/2022
Greater consolidation of smaller defined benefit (DB) pension schemes could lead to around £100m being retained for investment by UK businesses over the next 20 years, according to analysis by Stoneport, part of Punter Southall
Posted: 15/02/2022
The number of cases processed by mortgage advisers in the 12 months to Q4 2021 was higher than at any other point since 2015, a new report published by the Intermediary Mortgage Lenders Association (IMLA) has revealed
Posted: 15/02/2022
The FCA has stopped financial advice firm, AJH Financial Services Limited, from disposing of assets without the regulator’s permission
Posted: 15/02/2022
Mortgage and protection adviser, Affinity Mortgages, has been added to Proportunity’s panel of brokers
Posted: 15/02/2022
Buy now, pay later (BNPL) finance providers Clearpay, Laybuy and Openpay have each agreed to refund borrowers who were charged late payment fees, as a result of FCA intervention
Posted: 14/02/2022
Pepper Money has completed its largest residential mortgage-backed securitisation (RMBS) to date, backed by £450m of mortgage loans
Posted: 14/02/2022
The Nottingham has adapted its mortgage proposition by moving to a cost-based self-build and custom-build lending approach through specialist distributor, BuildLoan
Posted: 14/02/2022
The amount of new business conducted in the consumer finance space grew by 16% in December 2021, compared with the same month in 2020
Posted: 14/02/2022
Aspen Bridging has announced it is entering the the bridge-to-let market with a new product
Posted: 14/02/2022
An estimated £672bn of corporate borrowing by SMEs is unprotected, according to new research from Legal & General, leaving many SMEs across the UK vulnerable to any future financial shocks
Posted: 14/02/2022
Recognise Bank has agreed a multi-million pound “loan on loan” partnership with bridging loan provider, Reflex Bridging
Posted: 14/02/2022
The latest news in brief coming out of the consumer finance space over the past week, featuring Hope Capital, The Mortgage Lender, and more
Posted: 11/02/2022
The UK’s GDP is estimated to have fallen by 0.2% in December, new figures published by the Office for National Statistics (ONS) have indicated
Posted: 11/02/2022
The number of customers in arrears with their mortgages fell slightly in the fourth quarter of 2021, new UK Finance figures have revealed
Posted: 11/02/2022
The mortgage market is set for another busy year in 2022 despite rising bank rates and the absence of stamp duty holidays, two figures from the mortgage industry have predicted
Posted: 11/02/2022
West One Loans has turned around a development finance loan in just seven days for an £11.6m project
Posted: 10/02/2022
The housing market saw an increase in buyer enquiries during January, the latest RICS UK Residential Survey has indicated
Posted: 10/02/2022
The Department for Work and Pensions (DWP) has launched a call for evidence on what metrics should be considered when setting the state pension age, to support its ongoing review of the state pension
Posted: 10/02/2022
Brightstar Group has announced that its leadership team has regained a controlling stake in the business after completing the acquisition of the remaining private equity-owned shares
Posted: 10/02/2022
Nationwide has announced it is increasing the maximum LTV available through its ‘Helping Hand’ mortgage to 95%, in a move intended to increase support for first-time buyers
Posted: 10/02/2022
The West Midlands is currently the region with the highest annual house price growth across England and Wales, the latest e.surv Acadata House Price Index has revealed
Posted: 10/02/2022
Pepper Money has rolled out its shared ownership mortgage offering to the whole market following a successful pilot period
Posted: 10/02/2022
Cases of romance fraud have almost doubled during the pandemic at an average loss of £6,100, new figures published by TSB have revealed
Posted: 09/02/2022
TransUnion has announced it is to accept buy now, pay later (BNPL) finance into UK consumer credit files
Posted: 09/02/2022
The average spend on credit cards in the UK is continuing to see an increase after averaging £760 in December, a level 14% higher year-on-year
Posted: 09/02/2022
The average monthly rent across the UK has climbed to a new record high of £969, new figures published by Zoopla have revealed
Posted: 09/02/2022
Gatehouse Bank has reduced the minimum finance amount for its home purchase plans (HPPs) and buy-to-let (BTL) range from £100,000 to £75,000
Posted: 09/02/2022
Air Club has released its latest half-year equity release provider report focusing on a number of key service measures, as experienced by advisers
Posted: 09/02/2022
LV= has confirmed that its discussions with Royal London over a potential merger have ceased
Posted: 09/02/2022
Aspen Bridging has launched a new development exit and refurbishment product, with up to 80% LTV for experienced developers with clean credit, as part of several changes to the lender’s new 2022 rates and product card
Posted: 08/02/2022
The UK’s first-time buyers accounted for £86.1bn worth of property market value in 2021, new analysis from GetAgent has revealed
Posted: 08/02/2022
Vida Homeloans has launched a limited-edition range of residential and buy-to-let (BTL) purchase and remortgage products
Posted: 08/02/2022
The government has confirmed it is freezing the minimum earnings level for automatic enrolment into a workplace pension scheme at £10,000 for 2022/23
Posted: 08/02/2022
Around four in five (81%) people with adverse credit are worried about the impact of increasing bills, according to new research by Pepper Money
Posted: 08/02/2022
Property finance lender, TAB, has secured a new £120m funding line from American investment firm, Atalaya Capital Management
Posted: 08/02/2022
CHL Mortgages has announced that it has been added to the lending panel of Brilliant Solutions
Posted: 08/02/2022
Twenty7Tec has announced that it has integrated Skipton Building Society into the APPLY module on its CloudTwenty7 platform
Posted: 07/02/2022
The rise in popularity for buy-now-pay-later (BNPL) schemes could explain a trend in fewer young people using credit cards, new research from GlobalData has suggested
Posted: 07/02/2022
TMA Club has announced the addition of CHL Mortgages to its lender panel
Posted: 07/02/2022
The majority of homeowners and homebuyers believe that Stamp Duty Land Tax (SDLT) is an outdated form of taxation in need of reform, a new study has found
Posted: 07/02/2022
The adoption of open banking could save SME online retailers an estimated £19,000 a month in transaction fee savings, according to a new report
Posted: 07/02/2022
The average UK house price edged up to a new record high of £276,759 in January, according to the latest Halifax House Price Index
Posted: 07/02/2022
Knowledge Bank has confirmed that it has added the buy-to-let (BTL) range of West One Loans to its criteria search platform
Posted: 07/02/2022
The latest news in brief coming out of the consumer finance space over the past week, featuring 360 Dotnet, Smartr365, and more
Posted: 04/02/2022
The Bank of England’s decision to raise base rates from 0.25 per cent to 0.5 per cent could remove £100bn from the long-term liabilities of defined benefit (DB) pension schemes in the UK, according to XPS Pensions
Posted: 04/02/2022
Twenty7Tec has reported that January marked the busiest ever month on its platform, with more than 1.4 million mortgage searches conducted by advisers
Posted: 04/02/2022
Borrowers could save almost £5,000 on their mortgage payments by switching to a new fixed rate two-year offer, analysis by Experian and L&C Mortgages has suggested
Posted: 04/02/2022
Vida Homeloans has announced it is broadening its range of expat locations to include India, Malaysia, Saudi Arabia and Singapore
Posted: 04/02/2022
A new apprenticeship programme has been launched by lender, Black & White Bridging, to give young people a route into the financial sector
Posted: 03/02/2022
UK savers invested £43.4bn in retail funds in 2021, data published by the Investment Association (IA) has revealed
Posted: 03/02/2022
The Bank of England (BoE) has announced it is increasing its base interest rate to 0.5%
Posted: 03/02/2022
Investment platform, AJ Bell, is urging the government to scrap the age restrictions and exit penalty for the Lifetime ISA (LISA)
Posted: 03/02/2022
The Mortgage Industry Mental Health Charter (MIMHC) is encouraging industry businesses to participate in the UK’s ‘Time to Talk Day’
Posted: 03/02/2022
Mortgage brokers are expecting to write more specialist residential mortgage business this year than ever before, research from Norton Home Loans has indicated
Posted: 03/02/2022
Mortgage Broker Tools (MBT) has announced the addition of Vida Homeloans to its MBT Affordability research platform
Posted: 03/02/2022
United Trust Bank (UTB) has announced it is refreshing its second charge product range with interest rate reductions across several products and new automated valuation model (AVM) criteria
Posted: 02/02/2022
Mortgage applications in London now account for 14% of all applications across the UK, a level not seen since December 2019, new analysis by Trussle has found
Posted: 02/02/2022
Dudley Building Society has launched a new mortgage product that will be available via the government’s First Homes Scheme
Posted: 02/02/2022
The Treasury Committee has called for “additional government action” to combat fraud and scammers in a new report published on economic crime
Posted: 02/02/2022
The UK’s buy-to-let (BTL) sector has grown in value by around £239bn over the last five years, according to research from Octane Capital
Posted: 02/02/2022
The accounting deficit of defined benefit (DB) pension schemes for the UK’s 350 largest listed companies saw an increase of £4bn over the course of January, new figures published by Mercer have revealed
Posted: 02/02/2022
Halifax Intermediaries has been confirmed as the latest lender to go live on Mortgage Brain’s multi-lender application and submission gateway, Submissions Brain
Posted: 02/02/2022
Around one in five adults (18%) across the UK are planning to buy a property in 2022, new research from Market Financial Solutions (MFS) has revealed
Posted: 01/02/2022
UK pension savers currently stand to lose thousands of pounds if they do not move older pensions to pots that offer better value for money, research from the Institute for Fiscal Studies (IFS) has indicated
Posted: 01/02/2022
Conveyancing Transformation
Adam Cadle talks to ULS technology CEO Jesper With-Fogstrup about making home moving a pleasant experience
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