Archive News

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.

The new data, which the BoE noted was for the month of February and therefore largely unaffected by the impact of the coronavirus outbreak, also revealed approvals for remortgage had risen on the month to 53,400
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
Openwork has announced that it attracted 559 new mortgage and protection advisers across its network last year
Posted: 21/02/2020
Transactions during the conveyancing industry’s fourth quarter dropped to 226,444, the lowest recorded level of 2019, new data published by Search Acumen revealed
Posted: 21/02/2020
There were an estimated 102,810 residential transactions and 11,170 non-residential in the UK property market during January, according to new data published by HMRC
Posted: 21/02/2020
Over £5.2bn was held in rental deposits last year across the UK’s letting sector, with 4.6 million tenancies meaning the average tenant paid out £1,139 to secure a rental property, new research by the rental deposit scheme, Ome, has revealed
Posted: 21/02/2020
Renters are paying up to 18% more each month than those who own their own homes in some parts of the UK, according to new research published by Halifax
Posted: 21/02/2020
The UK’s buy-to-let (BTL) sector remains an ‘extremely attractive proposition’ according to the founder of Dynamo, although the BTL specialist also challenged the sector’s reliance on paper documentation
Posted: 20/02/2020
The Bank of England (BoE) announced that its new polymer £20 note featuring artist, JMW Turner, has entered circulation for the first time
Posted: 20/02/2020
VAS Group has launched the next generation of its VAS Panel service dashboard, a cloud-based interactive portal for lenders, specialist distributors and brokers
Posted: 20/02/2020
The number of approved residential mortgages dipped to 66,002 in January compared to the previous month, according to the latest Mortgage Monitor from e.surv
Posted: 20/02/2020
The MCI Club has launched a new digital mortgage broker platform that will be free to use for all existing club members, as well as new registrants
Posted: 20/02/2020
NatWest announced it has introduced a series of new measures to help support customers affected by the serious flooding across England and Wales
Posted: 19/02/2020
Hampshire Trust Bank (HTB) announced that it has combined Snowflake, SnapLogic, Matillion and Tableau technologies to ‘revolutionise’ the way the bank uses data to inform investment decisions
Posted: 19/02/2020
Forty-eight per cent of UK investors have suggested they expect to increase their environmental, social and governance (ESG) investments over the next three years, according to new research from Charles Stanley Direct
Posted: 19/02/2020
The average house price in the UK increased by 2.2% in the year to December 2019, a rise from 1.7% in the year to November 2019, new data from the Office for National Statistics (ONS) revealed
Posted: 19/02/2020
Plans to remove higher rate tax relief from pension contributions could kill off remaining defined benefit schemes in the private sector and raise major issues for those in the public sector, Aegon pensions director Steven Cameron has said
Posted: 19/02/2020
UK inflation in January increased to a six-month high, driven by petrol and house price rises
Posted: 19/02/2020
Auto-enrolment has helped more than 10 million employees save in a workplace pension, although an 8% contribution is unlikely to provide the level of income in retirement that most people aspire to, according to new analysis by Aegon
Posted: 18/02/2020
There are 7.4 million adults in the UK who are over-indebted and find their financial commitment a burden, according to a new FCA report
Posted: 18/02/2020
Principality Building Society has announced the launch of a new savings account to help young people into their first home
Posted: 18/02/2020
There were an estimated 974,000 people in employment on a ‘zero-hour contract’ in their main job between October and December 2019, representing a record 3% of all people in employment, new data published by the Office for National Statistics (ONS) revealed
Posted: 18/02/2020
There were 29,490 new first-time buyer mortgages completed in December 2019, a 0.3% rise from the same month in 2018, according to new data published by UK Finance
Posted: 18/02/2020
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: 18/02/2020
Air Mortgage Club has announced the addition of Chorley Building Society to its retirement lending panel
Posted: 18/02/2020
Nationwide Building Society has launched a new ‘prize draw’ savings account aimed at getting young people and families to put small amounts of money aside each month
Posted: 18/02/2020
The IHS Markit UK Household Finance Index, which measures households’ overall perceptions of financial wellbeing, increased to 47.6 in February, a notable rise from January's 44.6 and the highest index reading since the survey began 11 years ago
Posted: 17/02/2020
The FCA built a ‘higher wall’ in the mortgage market when it introduced the mortgage cap in 2014, according to Hargreaves Lansdown
Posted: 17/02/2020
more2life has announced the launch of its ‘fastpath portal’ service promise, which can guarantee the lender will compensate customers £500 if it takes more than 14 working days to issue a loan offer from the date of application
Posted: 17/02/2020
The FCA has handed a £2.77m fine to car finance provider, Moneybarn, for not treating its customers fairly when they fell behind with loan repayments while in financial difficulties
Posted: 17/02/2020
Almost four in 10 landlords believe that tenant demand for residential property will increase over the next 12 months, research by Paragon revealed
Posted: 17/02/2020
Hodge has announced the extension of its early repayment promise (ERP) feature across all residential mortgage products
Posted: 17/02/2020
Pure Retirement CEO Paul Carter talks about the importance of meeting customer needs in a growing market
Posted: 17/02/2020
Thirty-nine per cent of UK financial advisers view a new deal on social care funding as their number one priority for the next Budget, according to new research from Aegon
Posted: 17/02/2020
The Personal Finance Society (PFS) has uncovered new evidence of hiked professional indemnity (PI) insurance premiums and restricted cover
Posted: 17/02/2020
The Mortgage Lender has launched its unsecured arrears residential product to the whole of the market following a successful pilot with key distributor partners
Posted: 14/02/2020
The Chartered Institute of Taxation (CIOT) is urging new Chancellor Rishi Sunak to do more to monitor and evaluate £155bn a year of the UK’s tax reliefs
Posted: 14/02/2020
More than half (55%) of advisers expect their equity release business to grow over the next three years, with 12% predicting substantial growth while 43% expect modest growth
Posted: 14/02/2020
Prime minister Boris Johnson has named Christopher Pincher as his new housing minister, following the sacking of Esther McVey in yesterday's Cabinet reshuffle
Posted: 14/02/2020
Renewed optimism from buyers and sellers saw a continued pick-up in sales activity across the UK housing market, according to the January 2020 RICS UK Residential Market Survey, with both the number of agreed sales and new homes being listed for sale improving over the month
Posted: 13/02/2020
Second charge mortgage new business volumes grew by 19% in 2019, according to latest figures published by the Finance & Leasing Association (FLA)
Posted: 13/02/2020
Mortgage possession claims increased by 11% from October to December 2019, with mortgage orders rising by 24% and repossessions growing by 9% in the same period, latest figures from the Ministry of Justice have shown
Posted: 13/02/2020
Housing minister Esther McVey MP has today been sacked from her role following a Cabinet reshuffle
Posted: 13/02/2020
Chancellor Sajid Javid has resigned.

His replacement is Rishi Sunak, who has served as Chief Secretary to the Treasury since July 2019. He has been the Member of Parliament for Richmond since the 2015 general election
Posted: 13/02/2020
Sixty-six per cent of current account holders are unaware of the new FCA changes to overdraft rates, new research from comparethemarket.com has revealed
Posted: 12/02/2020
Outgoing head of the FCA and future Bank of England (BoE) Governor, Andrew Bailey, is set to face pressure from the Mortgage Prisoners Campaign Group at a lobby meeting tomorrow
Posted: 12/02/2020
Challenger bank, N26, has announced it will be closing accounts for its UK customers on 15 April 2020, citing difficulties from the UK’s departure from the European Union
Posted: 12/02/2020
Trapped investors became able to deal in the former Woodford Income Focus fund again after the fund’s suspension was lifted at midday today
Posted: 12/02/2020
Aspen Bridging announced that it saved a client more than £500,000 in equity on a London property, having completed a £1.4m, 78% LTV bridge deal at the conclusion of a complex five-year case
Posted: 12/02/2020
Air Later Life Academy (LLA) has announced specialist financial services group, Just Group, as its latest ambassador firm
Posted: 12/02/2020
TMA Club and PRIMIS Mortgage Network have announced the launch of an exclusive two-year fixed rate mortgage product with Leeds Building Society
Posted: 12/02/2020
Eighty per cent of over-55s would opt for equity release instead of moving home, according to new research commissioned by Standard Life and leading equity release broker, Age Partnership
Posted: 11/02/2020
The Competition Appeal Tribunal (CAT) will hold a hearing on Thursday 13 February to consider the future case management of two competing collective actions involving six major banks
Posted: 11/02/2020
Digital business solutions agency, Dock9, has launched a website and portal audit service aimed specifically at the mortgage sector
Posted: 11/02/2020
First 4 Bridging (F4B) announced it has become a preferred specialist distribution provider for the Beneficial Network
Posted: 11/02/2020
Buy-to-let lender, Zephyr Homeloans, has announced a significant reduction to a range of its interest coverage ratios (ICR)
Posted: 11/02/2020
Hampshire Trust Bank (HTB) has announced a new partnership with Ping Identity to provide intelligent access for its customers and brokers
Posted: 11/02/2020
Intermediaries were most confident about the outlook of the mortgage market in 2019 during the final quarter of the year, according to the Intermediary Mortgage Lenders Association (IMLA)
Posted: 11/02/2020
Amidst growing speculation that the Government could cut the tax relief on pension contributions for higher earners, Aegon has warned that rushing to cut pensions tax relief could do long-term damage to UK retirement savings
Posted: 10/02/2020
The Personal Finance Society (PFS) has urged thousands of financial advisers to write to their local MP over the consequences of the hardening professional indemnity insurance market and increases to the Financial Services Compensation Scheme (FSCS) levy
Posted: 10/02/2020
Financial services expert, Hargreaves Lansdown, has suggested people who rely on a property alone for retirement are playing a ‘dangerous game’
Posted: 10/02/2020
UK adults are paying three times more on average than they should for their pension which could cost savers £18,000 over 20 years and push retirements back by two years, new research from Profile Pensions has revealed
Posted: 10/02/2020
Of the over-50s in the UK hoping to save £80,000 for their loved ones, 22% are not currently saving and a further 8% don’t have a savings account, according to a new study from Co-op Insurance
Posted: 10/02/2020
more2life has launched a new online lending criteria tool to help advisers assess the likelihood of a successful equity release application
Posted: 10/02/2020
The Government has announced plans to proceed with the First Homes scheme aimed at helping more first-time buyers to step onto the property ladder
Posted: 07/02/2020
Annual house price growth saw a rise of 4.1% in January from the same month a year earlier, according to the latest Halifax House Price Index
Posted: 07/02/2020
Rental growth across England and Wales reached 6.1% in the final quarter of 2019, a figure up from the 5.4% growth achieved in the last quarter of 2018, Fleet Mortgages reported
Posted: 07/02/2020
Foundation Home Loans has announced a series of rate reductions to several products across its buy-to-let (BTL) range
Posted: 07/02/2020
The higher and top-rate income tax bands will be frozen in Scotland for the coming year, the Government has announced
Posted: 06/02/2020
Stonebridge has announced that it recorded £8bn in mortgage completions for 2019, with lending volumes up by 11%
Posted: 06/02/2020
The majority of UK investors are fearing the current international political landscape is making investment markets more volatile, according to new research from HYCM
Posted: 06/02/2020
The Treasury has confirmed that an initiative devised under the previous administration, ‘Breathing Space,’ will go ahead in 2021
Posted: 06/02/2020
UK savers invested £15bn into the UK retail fund market in 2019, doubling the total of the previous year, new analysis published by the Investment Association (IA) revealed
Posted: 06/02/2020
One Mortgage System (OMS) has announced that it has integrated UK Credit Ratings into its live platform
Posted: 06/02/2020
The Pensions Regulator (TPR) announced it is carrying out compliance spot checks on some of the UK’s largest employers to ensure thousands of staff continue to receive the pensions they are due
Posted: 05/02/2020
Hargreaves Lansdown has called on the Government to announce a review on pension taxation in the forthcoming Budget on 11 March
Posted: 05/02/2020
Newbury Building Society has announced a reduction to the rate of its limited company buy-to-let (BTL) mortgage product
Posted: 05/02/2020
There are 11.8 million people in the UK who would be in the red within a month if they lost their job tomorrow, according to new research published by AA Financial Services
Posted: 05/02/2020
Almost 40% of employers have indicated the issue of pensions tax relief for their higher earners is now a challenge, according to new research from Smarterly
Posted: 05/02/2020
The Borough of Barking and Dagenham in London is the UK’s most popular location for first-time buyers, new analysis by Zoopla revealed
Posted: 05/02/2020
The FCA has published a new policy statement on the disclosure of workplace pension costs and charges to scheme members
Posted: 04/02/2020
UK workers are failing to adequately prepare for a comfortable standard of living in retirement, according to new research by Portafina
Posted: 04/02/2020
The Treasury gained £3.30bn from stamp duty receipts on property purchases in the final quarter of 2019, according to the latest figures from HMRC
Posted: 04/02/2020
Aspen Bridging has changed the interest rate structure of its new 2020 product card by introducing flat rate products without exit fees
Posted: 04/02/2020
Eighty-four per cent of financial advisers believe the FCA’s proposals to ban contingent charging will reduce access to advice, according to new research published by Aegon
Posted: 04/02/2020
Vida Homeloans has announced new plans to support first-time buyers (FTBs) who take advantage of Scotland’s First Home Fund initiative
Posted: 04/02/2020
The accounting deficit of defined benefit (DB) pension schemes for the UK’s 350 largest listed companies increased from £40bn at the end of December 2019 to £57bn on 31 January, new data from Mercer revealed
Posted: 03/02/2020
Hodge has announced it is lowering the minimum age of its residential interest only mortgage from 55 down to 50, bringing it in line with its retirement interest only (RIO) mortgage
Posted: 03/02/2020
The price of Bitcoin is likely to keep rising until the coronavirus peaks, according to the CEO of the financial services organisation, deVere Group
Posted: 03/02/2020
The equity release market consolidated its recent growth with a total £3.92bn of housing equity withdrawn by older homeowners in 2019, in line with 2018’s year-end total of £3.94bn, new figures published by the Equity Release Council (ERC) revealed
Posted: 03/02/2020
PRIMIS Mortgage Network has announced the addition of specialist lender, Vida Homeloans, to its lender panel
Posted: 03/02/2020
The FCA has written to credit card firms instructing them to review their approach to borrowers who are stuck in persistent debt
Posted: 03/02/2020
There was £4.6bn worth of net mortgage borrowing by UK households in December, a rise above the £4.2bn average registered over the past six months, according to new statistics published by the Bank of England (BoE)
Posted: 31/01/2020
Greenfield Mortgages announced it has been added to New Leaf Distribution’s panel of bridging lenders
Posted: 31/01/2020
There are potentially 1.1 million tenancy deposits without any protection in the UK, which could be worth as much as £1.2bn, according to the latest research by Hamilton Fraser’s deposit replacement provider, Ome
Posted: 31/01/2020
Almost one in three people retiring this year are planning to use their property wealth to help boost their retirement income, according to new research from the over-55s specialist adviser, Key
Posted: 31/01/2020
Shawbrook Bank has announced the launch of two new business savings products and the enhancement of a third, as the bank strengthens its small and medium enterprises (SMEs) savings portfolio
Posted: 30/01/2020
Foundation Home Loans has launched several new fee-assisted, remortgage products across its residential mortgage product range
Posted: 30/01/2020
The Bank of England (BoE) has announced its Monetary Policy Committee (MPC) has chosen to maintain the UK’s bank rate at 0.75%
Posted: 30/01/2020
Just Mortgages has announced further expansion to its New Build division by growing its team to 23 brokers before the end of the first quarter of 2020
Posted: 30/01/2020
There was £2.2bn withdrawn from pensions flexibly in the final quarter of 2019, an 18% increase from £1.9bn withdrawn during the same quarter a year earlier, new statistics published by HMRC revealed
Posted: 30/01/2020
The FCA has released a statement about the implementation period that is set to follow the UK’s departure from the European Union and how it will impact the financial services sector
Posted: 30/01/2020
The number of people considering a career in financial advice is surging in response to growing demand for support, new research from Openwork has revealed
Posted: 30/01/2020
Twenty-eight per cent of the UK’s small and medium sized enterprises (SMEs) are expecting a bounce to their revenues in the first three months after the UK’s departure from the European Union on Friday January 31, a new study has revealed
Posted: 30/01/2020
Mortgage brokers are predicting a rise in buy-to-let (BTL) business over the next 12 months on the back of landlords expanding their portfolios and strong remortgage levels, according to new research from Paragon Bank
Posted: 29/01/2020
The Bank of England (BoE) is poised to announce its decision on whether to change its interest rates on Thursday 30 January
Posted: 29/01/2020
House price growth across the UK has hit a two-year high of 3.9%, new statistics published in the December Zoopla UK Cities House Price Index revealed
Posted: 29/01/2020
Almost double the number of retired single women are choosing to generate cash through a lifetime mortgage on their homes compared to men, according to new research from HUB Financial Solutions
Posted: 29/01/2020
M&G has confirmed that its Property Fund will remain suspended as it continues the process of selling properties to boost its cash position
Posted: 29/01/2020
Air Later Life Academy (LLA), the training organisation for later life advisers, has announced TSF Consultants as its latest ambassador firm
Posted: 29/01/2020
The average monthly payment for those who remortgaged in December decreased by £182.13, according to figures in the latest LMS Monthly Remortgage Snapshot with data for December 2019
Posted: 29/01/2020
TMA Club has announced the addition of Legal & General Home Finance to its lifetime mortgage panel
Posted: 29/01/2020
Assurant Intermediary has announced the launch of its first interactive online training programme for its adviser website
Posted: 28/01/2020
Fiduciam has announced a deal worth almost £1m on two properties in south-west London, as the bridging lender seeks to push into the London market
Posted: 28/01/2020
The Payment Systems Regulator (PSR) has issued a ‘call for input’ on the competition issues that could arise in the UK’s New Payments Architecture (NPA)
Posted: 28/01/2020
There was £116m worth of business in the second-charge mortgage market in November 2019, a 17% rise from the same month in the previous year, new business figures from the Finance & Leasing Association (FLA) revealed
Posted: 28/01/2020
The UK’s departure from the EU will boost FTSE 100 share prices, according to the results of a January poll by the Personal Finance Society
Posted: 28/01/2020
The FCA has written to the UK’s major banks requesting them to provide evidence of how they arrived at their pricing decisions on overdraft rates
Posted: 28/01/2020
Connect for Intermediaries has announced the addition of Blacks Connect to its Solicitor Referral Panel
Posted: 28/01/2020
The Mortgage Lender has announced new enhancements to its buy-to-let (BTL) criteria by increasing its overall lending threshold from £2.5m to £5.0m and removing the cap on the number of portfolio properties it will lend on
Posted: 27/01/2020
Hinckley & Rugby Building Society has announced cuts to the interest rates on three mortgages aimed at first-time buyers
Posted: 27/01/2020
Mortgage and protection consultancy firm, Yorkshire Financial Consultancy Limited (YFC), has become the latest partner of the Northern Powerhouse Partner Programme
Posted: 27/01/2020
The FCA is concerned that 76% of firms with defined benefit (DB) transfer advice permission in the market are providing potentially harmful advice to pension scheme members, according to a Freedom of Information (FOI) request submitted by Buck
Posted: 27/01/2020
There was £22.2bn in gross mortgage lending across the residential market in December 2019, bringing the annual total for the year to £265.8bn, new figures published by UK Finance revealed
Posted: 27/01/2020
Impact Specialist Finance has announced it is maintaining its position on PRIMIS’s approved specialist packager panel, following an extensive review of all panel members
Posted: 27/01/2020
The average price paid by a first-time buyer in the UK in 2019 was £231,455, reflecting a 9% increase of £18,252 from a year earlier, new statistics from Halifax revealed
Posted: 27/01/2020
The private rented sector accounted for 4.6 million households in 2018/19, representing 19% of all households in the UK, according to figures released yesterday in the English Housing Survey
Posted: 24/01/2020
Accord Buy To Let has announced a relaunch to its mortgage range with new reduced rates, extended end dates and increased cashback on house purchase products
Posted: 24/01/2020
HM Treasury has appointed Christopher Woolard as interim chief executive of the FCA, following advice from the FCA Board
Posted: 24/01/2020
Crystal Specialist Finance (CSF) has been appointed to PRIMIS Mortgage Network’s packager panel
Posted: 24/01/2020
PRIMIS Mortgage Network has announced it is refreshing its packager panel for immediate delivery to adviser members in 2020
Posted: 23/01/2020
The amount of potential equity available within older UK homeowners’ properties soared to more than £381bn at the end of 2019, according to new research by Canada Life
Posted: 23/01/2020
The level of home ownership among people aged 65 and over reached 78.7% in 2018/19, reflecting a sustained rise from 71% in 2003-04, according to new figures released in the English Housing Survey
Posted: 23/01/2020
The Personal Finance Society (PFS) announced that it has received 40 complaints about the conduct of claims management companies (CMCs) in less than a week
Posted: 23/01/2020
Specialist finance trade body, FIBA, has announced the appointment of Bridging Link to its lender panel
Posted: 23/01/2020
Foundation Home Loans has announced new enhancements across its buy-to-let (BTL) product range, including changes to its interest coverage ratios (ICR) and maximum loan sizes
Posted: 23/01/2020
LV= has announced it is discounting fees on its smoothed pension funds, with annual service charges of 0.15% for its Flexible Transition Account to be waived in the first year for new customers
Posted: 23/01/2020
The FCA has announced new overdraft rules that will require firms to charge a simple annual interest rate – without additional fees or charges for using an overdraft – which the regulator suggests will mean seven out of 10 people will be better off or at least see no change
Posted: 22/01/2020
Landlords are intending to acquire Houses in Multiple Occupation (HMO) more than any other property type over the next 12 months, according to new research by Paragon
Posted: 22/01/2020
The public sector spent more money than it received in taxes and other income in December 2019 to the extent that it had to borrow £4.8bn, a figure £0.2bn less than the same month a year earlier, new data published by the Office for National Statistics (ONS) has revealed
Posted: 22/01/2020
The Competition and Markets Authority (CMA) has announced an extended deadline of six months to ensure regulators take effective action tackling the loyalty penalty
Posted: 22/01/2020
Octane Capital announced it has reduced its risk rating following an improved outlook for the UK property market and the broader political stability after the December General Election result.
Posted: 22/01/2020
The number of older workers in the UK on zero-hour contracts has almost doubled over the past six years, according to new research by Just Group.
Posted: 22/01/2020
The annual growth in private residential rents has almost doubled to 2.6%, up from 1.4% a year ago, as demand increases in the face of a modest decline in rental supply, according to new findings reported by Zoopla
Posted: 22/01/2020
More than three-quarters of intermediaries are confident about the market’s prospects over the next 12 months, new research from Masthaven Bank revealed
Posted: 22/01/2020
The UK employment rate was estimated at a record high of 76.3% between September and November 2019, reflecting a 0.6% rise against a year earlier and 0.5% up on the previous quarter, according to new data published by the Office for National Statistics (ONS)
Posted: 21/01/2020
Around one in seven landlords in the UK are planning to expand their portfolios in the year ahead with the North-West expected to be the busiest region, new research from Precise Mortgages revealed
Posted: 21/01/2020
Small and medium sized enterprises (SMEs) in the UK are planning a £1.7bn investment boost over the next two years as uncertainty around the Brexit stalemate ends, according to a new survey from finance specialist, Together
Posted: 21/01/2020
Assurant Intermediary has announced new improvements to its online quote system, enhancing the user experience for its advisers
Posted: 21/01/2020
An increasing number of people aged 65 and over are using equity release products to pay off debts and mortgages, according to new customer data published by LV=
Posted: 21/01/2020
General government gross debt was £1,821.9bn at the end of the financial year ending March 2019, equivalent to 84.0% of the UK’s GDP, according to new data published by the Office for National Statistics (ONS)
Posted: 20/01/2020
There are 10.5 million adults in the UK who have indicated they are in their worst financial state on record, according to new research by the loan comparison site, FairMoney.com
Posted: 20/01/2020
The Government’s delay in lowering the age limit for automatic enrolment from 22 to 18 will cost the typical school leaver around £18,000 on their pension pot, new research by Royal London revealed
Posted: 20/01/2020
Three-quarters of UK workers are blaming early paydays in December for their lack of funds at the end of the month, according to new research from the income streaming service, Wagestream
Posted: 20/01/2020
Mental Health UK’s ‘Mental Health and Money Advice service’ has surpassed two years of helping people experiencing poor mental health with their finances, helping clients to be £5m better off collectively.
Posted: 20/01/2020
Landbay has announced a new partnership with the Financial Intermediary & Broker Association (FIBA) to provide brokers and their landlord clients with access to its specialist lending products
Posted: 20/01/2020
Almost two-thirds of people who retired earlier than expected were forced out of work rather than choosing to leave because they no longer needed the income, according to a new study by Just Group
Posted: 20/01/2020
Principality Building Society has announced it is launching new cashback deals to its residential mortgage product range
Posted: 17/01/2020
The majority of adults aged under 25 in the UK do not know where to access financial advice, according to a new nationwide study by the financial advice network, Openwork
Posted: 17/01/2020
Answers in Retirement Group (Air Group), has announced the addition of Aviva’s lifetime mortgage rates into its Air Sourcing system
Posted: 17/01/2020
Retired homeowners released more than £3.4bn of property wealth in 2019, according to new data published by the over-55s specialist adviser, Key
Posted: 17/01/2020
There were 66,253 residential mortgages approved during the final month of 2019, reflecting a 1.9% increase from November’s total, according to the latest figures from e.surv
Posted: 16/01/2020
The Bank of England (BoE) has announced that outgoing Governor, Mark Carney, has been appointed as Boris Johnson’s finance adviser for COP26
Posted: 16/01/2020
Over £30bn has been flexibly withdrawn from retirement pots since the pension freedoms launched in April 2015, and in the same time homeowners have used property wealth to deliver £13bn in extra income via equity release, according to new analysis from AJ Bell
Posted: 16/01/2020
There were 1.6 billion transactions on debit cards in October 2019, a rise of 9.3% from the same month a year earlier, according to the latest data released by UK Finance
Posted: 16/01/2020
The Bank of England (BoE), the Financial Conduct Authority (FCA) and the Working Group on Sterling Risk-Free Reference Rates (RFRWG) have each published a set of documents to outline the priorities and milestones for 2020 on LIBOR transition
Posted: 16/01/2020
TMA has added the short-term lender, Greenfield Mortgages, to its panel to strengthen the Club’s bridging proposition
Posted: 16/01/2020
The Consumer Prices Index (CPI) 12-month inflation rate slumped to 1.3% in December 2019, down from 1.5% in November, according to new data published by the Office for National Statistics (ONS)
Posted: 15/01/2020
Average house prices in the UK increased by 2.2% over the year to November 2019, which was up from 1.3% in October 2019, new data from the Office for National Statistics (ONS) revealed
Posted: 15/01/2020
Accord Mortgages has announced several new rate reductions across its 90% and 95% loan-to-value (LTV) range
Posted: 15/01/2020
There were 30,620 new first-time buyer mortgages completed in November 2019, reflecting a 10.5% drop from the same month in 2018, new UK Finance data has revealed
Posted: 15/01/2020
Average rates for borrowers seeking high LTV mortgages, those above 95% LTV, have increased to 3%, according to the latest data from AmTrust’s Mortgage Loan to Value (LTV) Tracker
Posted: 15/01/2020
The reduced political uncertainty will support the growth of the UK mortgage market, with gross mortgage lending forecast to reach £268bn in 2020, and £275bn in 2021, according to a new report from the Intermediary Mortgage Lenders Association (IMLA)
Posted: 15/01/2020
One in three people retiring this year will be in debt, with the average amount owed reaching £17,460, according to a new study by the over-55s specialist adviser, Key
Posted: 15/01/2020
Santander has revealed plans to reduce the in-credit interest rate for its 123, Select and Private Current Accounts
Posted: 14/01/2020
Aspen Bridging has announced the completion of a £3.4m bridge at 73% LTV on five newbuild flats in Central London
Posted: 14/01/2020
AJ Bell has announced the launch of a new Retirement Investment Account (RIA), a low-cost pension with a streamlined investment proposition
Posted: 14/01/2020
Legal & General Mortgage Club has announced that later life lending has been added to its digital, user-friendly criteria search system, SmartrCriteria
Posted: 14/01/2020
The FCA has obtained approval from the High Court for a scheme to return £2.5m in compensation to the victims of a series of unauthorised collective investment schemes
Posted: 14/01/2020
InterBay Commercial has announced the completion of a complex portfolio transfer in a £7m remortgage case
Posted: 14/01/2020
TMA Club has announced the addition of the buy-to-let (BTL) lender, Zephyr Homeloans, to its lending panel
Posted: 14/01/2020
Hanley Economic Building Society has announced the introduction of a new ex-pat product into its buy-to-let (BTL) mortgage range
Posted: 14/01/2020
Royal London has signed up to the UN-supported Principles for Responsible Investment (PRI) as part of its commitment to being a responsible investor
Posted: 13/01/2020
The UK’s rolling three-month GDP growth slowed for the second month in a row, down to 0.1% in November 2019, new statistics published by the ONS have revealed
Posted: 13/01/2020
The increasing hints that the Bank of England (BoE) could cut interest rates is likely to prompt investors into overseas financial assets, according to the CEO of one of the world’s largest independent financial services and advisory organisations
Posted: 13/01/2020
Only 55% of pension savers entering drawdown since 2014 have taken income, with 45% simply taking their tax-free cash, new research from Hargreaves Lansdown revealed
Posted: 13/01/2020
Two-thirds of pensioner homeowners are failing to claim their full benefits entitlement, according to new research from Just Group
Posted: 13/01/2020
Victims of Authorised Push Payment (APP) fraud are facing a shortfall of £3bn in compensation, according to new figures published by Shieldpay
Posted: 13/01/2020
Paradigm Mortgage Services has added the bridging and short-term lender, MT Finance, to its lender panel
Posted: 13/01/2020
The Financial Services Compensation Scheme (FSCS) has announced several key decisions for claims in relation to the London Capital and Finance (LCF) failure
Posted: 10/01/2020
Unsecured debt per UK household increased to £14,540 in the third quarter of 2019, a rise of £430 on a year earlier, new data published by the Trades Union Congress (TUC) has revealed
Posted: 10/01/2020
Paragon Bank has announced the launch of a new Notice Cash ISA for savers
Posted: 10/01/2020
AJ Bell has announced its Managed Portfolio Service (MPS), as well as its range of multi-asset funds, have been mapped to the risk ratings provided by Synaptic
Posted: 10/01/2020
The FCA has started civil proceedings in the High Court against Bright Management Solution, Soccer League International, Soccer League UK
Posted: 10/01/2020
PMS Mortgage Club and Sesame Network have announced the launch of an exclusive new three-year fixed rate Retirement Interest Only (RIO) mortgage with Buckinghamshire Building Society
Posted: 10/01/2020
New anti-money laundering (AML) rules came into force today after the Government had introduced the Fifth EU Money Laundering Directive (5MLD) into UK law on 20 December 2019
Posted: 10/01/2020
Hargreaves Lansdown has announced the addition of Paragon and ICICI Bank’s easy access savings accounts to its Active Savings service
Posted: 09/01/2020
Belmont Green has announced that Louisa Sedgwick has been appointed as the new managing director mortgages for its mortgage brand, Vida Homeloans
Posted: 09/01/2020
The FCA has announced a new proposal to reform the easy access cash savings market, suggesting all firms should comply to new rules and set a single easy access rate (SEAR) across all easy access accounts
Posted: 09/01/2020
Paradigm Mortgage Services has announced a new range of anti-money laundering (AML) and fraud prevention tools for member firms, following the launch of its new strategic partnership with credit reference agency, Experian
Posted: 09/01/2020
Criteria searches in the mortgage market showed ‘continuing volatility’ across a range of market sectors in December, new data from Knowledge Bank suggested
Posted: 09/01/2020
Over two million UK adults to have used ‘Buy Now, Pay Later’ schemes (BNPL) have had their credit scores damaged as a result, according to a new survey commissioned by comparethemarket.com
Posted: 08/01/2020
One in four workers aged over 25 who earned the legal minimum wage were underpaid last year, according to new research published by Resolution Foundation
Posted: 08/01/2020
UK house prices were 4.0% higher in December than the same month a year earlier, according to new data published in the Halifax House Price Index
Posted: 08/01/2020
Gatehouse Bank has announced new cuts to the rental rates on its entire Buy-to-Let (BTL) range
Posted: 08/01/2020
The accounting deficit of defined benefit (DB) pension schemes for the UK’s 350 largest listed companies increased from £38bn at the end of November to £40bn on 31 December 2019, according to new data from Mercer’s Pensions Risk Survey
Posted: 07/01/2020
The 2020 Budget will be held on Wednesday 11 March 2020, Sajid Javid has confirmed
Posted: 07/01/2020
Eighty-seven per cent of employers are looking to review their pension provider in the next 12 months, according to new research conducted by Smarterly.
Posted: 07/01/2020
The Financial Conduct Authority (FCA) and the Bank of England (BoE) have revealed new plans to develop their data and analytics capabilities
Posted: 07/01/2020
The 2010s were the weakest decade for house price growth since the 1990s, although prices still rose by 33% over the 10 years, a new report published by Nationwide has revealed
Posted: 07/01/2020
A leading investment platform has suggested there is a ‘whiff of radicalism’ about Boris Johnson’s new Government, and that his Chief Adviser, Dominic Cummings, is recruiting ‘assorted weirdos’ to drive reform
Posted: 07/01/2020
more2life has announced that it now has £3bn worth of loans under management, following a record year of growth for the equity release lender.
Posted: 07/01/2020
The broadening of Open Banking platforms will be a turning point in its drive to mass adoption in 2020, according to Equifax UK
Posted: 06/01/2020
Taxpayers who fail to file their tax returns by the end of the month will be subject to a fixed penalty, and it could worsen depending on how long people wait to file and pay what they owe, leading accounting and tax advisory firm Blick Rothenberg has said
Posted: 06/01/2019
The average pay for an FTSE 100 CEO in 2020 has already surpassed the amount the average UK worker earns in an entire year, according to research from The High Pay Centre
Posted: 06/01/2020
Paragon has announced it is lowering rates on 14 different products across its range of mortgages up to 80% LTV
Posted: 06/01/2020
Equity release products are being offered at record low interest rates, according to new analysis by the consumer finance expert, Defaqto
Posted: 06/01/2020
The price of Bitcoin could be driven higher by the escalating tensions between the US and Iran, according to the CEO and founder of deVere Group, Nigel Green
Posted: 06/01/2020
Approximately 11,000 people in the UK are set to face a cut to their state pension in April 2020, according to a response made to a Freedom of Information request by Royal London
Posted: 06/01/2020
TMA Club has announced it is adding Holloway Friendly to its panel to enhance the Club’s protection proposition
Posted: 06/01/2020
Firms in the financial services sector have one week remaining to implement any money laundering changes after the government introduced the Fifth EU Money Laundering Directive (5MLD) into UK law on 20 December
Posted: 03/01/2020
The net flow of consumer credit fell to £0.6bn in November, the weakest flow since November 2013, according to new data published by the Bank of England (BoE)
Posted: 03/01/2020
Annual UK house prices were 1.4% higher in December than in the same month in 2018, the first time house price growth had been above 1% for 12 months, according to the latest Nationwide House Price Index
Posted: 03/01/2020
The average cost of a tenancy deposit in the UK is £1,299, and for tenants required to pay the full sum upfront, many are being forced into borrowing from a lender and absorbing the hit of additional interest, according to new research by Hamilton Fraser’s deposit alternative scheme, Ome
Posted: 03/01/2020
Fifty-three per cent of UK firms have reported Brexit as one of their top three sources of uncertainty, according to the Bank of England (BoE)
Posted: 02/01/2020
Gross mortgage lending across the residential market during November 2019 was £23.1bn, a figure 3.3% lower than in the same month in 2018, UK Finance data revealed
Posted: 02/01/2020
The number of first-time buyers in the UK have reached a 12-year high in 2019, according to the Yorkshire Building Society
Posted: 02/01/2020
Accord Mortgages has announced it is reducing interest rates on 24 of its product transfer products by up to 0.10%
Posted: 02/01/2020
The last decade was the first on record in which homeowners invested more equity into their properties than they withdrew, according to new research by Responsible Life
Posted: 02/01/2020
Darlington Building Society has announced it has chosen Iress’ mortgage processing software to support an improved digital mortgage experience for intermediaries
Posted: 02/01/2020
Seventy-seven per cent of millennials are prioritising socially responsible and impactful investing, a new global survey by deVere Group has revealed
Posted: 02/01/2020
Chancellor, Sajid Javid, has today announced that FCA head, Andrew Bailey, will become the new Governor of the Bank of England (BoE) from 16 March 2020
Posted: 20/12/2019
Most financial advisers are expecting the equity release market to exceed the £5bn mark in 2020, new research from Canada Life has revealed
Posted: 18/12/2019
The Bank of England (BoE) has revealed new proposals for stress testing the financial stability implications of climate change
Posted: 18/12/2019
The FCA has announced that the First-tier Tribunal (the Tribunal) has upheld a £91,000 fine imposed on Hall and Hanley Limited (H&H)
Posted: 18/12/2019
Accord Growth Series, the free education resource for brokers, has reached 5,000 registered advisers
Posted: 18/12/2019
The average house price in the UK increased by 0.7% over the year to the end of October 2019 – up to £233,000 – reflecting the lowest growth since September 2012, new figures published by the ONS revealed
Posted: 18/12/2019
The FCA has secured a confiscation order against the illegal money lender, Dharam Prakash Gopee, in the sum of £5,118,018.72
Posted: 17/12/2019
The price of properties coming to market in the UK will rise by 2% in 2020, according to the latest Rightmove House Price Index
Posted: 17/12/2019
The UK banking system would be resilient to deep simultaneous recessions in the UK and global economies even more severe than the global financial crisis, according to the results of the Bank of England’s (BoE) 2019 Annual Cyclical Scenario Stress Test (ACS)
Posted: 17/12/2019
Professional Personal Claims Limited (PPC) has been fined £70,000 by the FCA for misleading consumers across its websites and printed materials
Posted: 17/12/2019
Uinsure, the insurtech firm, has announced a new partnership with the practice management system provider, 360 Dotnet
Posted: 17/12/2019
There were 32,260 new first-time buyer (FTB) mortgages completed in October 2019, 2.8% more than in the same month a year earlier, new UK Finance figures have revealed
Posted: 17/12/2019
PMS Mortgage Club and Sesame Network, part of Sesame Bankhall Group, have announced the addition of Hampshire Trust Bank (HTB) to their BTL and bridging finance panels for advisers
Posted: 17/12/2019
SmartSearch, the anti-money-laundering specialist, has produced a guide to the top five changes that businesses are likely to see when new European regulations are implemented in the New Year
Posted: 17/12/2019
Seventy-three per cent of employers believe that workplace savings should no longer just be focused around pensions, according to new research from Smarterly
Posted: 16/12/2019
Mortgage Engine has announced a new partnership with the mortgage comparison platform co-founded by Moneysupermarket Group, Podium
Posted: 16/12/2019
Mortgage Advice Bureau (MAB) has announced the addition of LV=’s personal sick pay and income protection plans to its protection panel
Posted: 16/12/2019
The number of payday loans issued during the last quarter saw a 37% year-on-year fall, according to FCA data that was published after an FOI request from Wagestream
Posted: 16/12/2019
Uinsure has announced the addition of UK General to its household and BTL panels of leading UK insurers
Posted: 16/12/2019
The FCA has published its long-awaited platform policy statement following its investment platform market study
Posted: 13/12/2019
The FCA has announced that Elite Insurance Company has been placed into administration
Posted: 13/12/2019
Boris Johnson has promised to work flat out and that his party will deliver Brexit after the Conservatives won the General Election with a comfortable majority last night
Posted: 13/12/2019
Fleet Mortgages, the BTL specialist lender, has announced it has joined the packaging panel of Brilliant Solutions
Posted: 13/12/2019
The pound has surged against the dollar and is expected to continue to soar above $1.40, following the Conservative Party's landslide victory in the General Election, with the property market also set to ‘turbocharge’.

With just two seats left to declare at the time of going to press, the Conservatives had a majority of 76, the biggest of its kind since the 1980s. Sterling gained 2.1% to $1.34 – its highest level since May last year, and the pound jumped to a three-and-a-half-year high against the euro
Posted: 13/12/2019
Buyer enquiries are continuing to fall in the UK housing market, which remains cautious pending the result of today’s General Election, according to the latest RICS Residential Market Survey
Posted: 12/12/2019
Changes in local house price affordability show that homes have become more affordable in two-thirds of the UK over the past year, according to new analysis by Yorkshire Building Society
Posted: 12/12/2019
LV= has announced new upgrades to its income protection plan to support people living in rented accommodation
Posted: 12/12/2019
Foundation Home Loans has announced a series of criteria enhancements across its BTL product range
Posted: 12/12/2019
FTBs may soon find it easier to get onto the property ladder as banks seek to boost their incomes from the mortgage market, a national mortgage broker has predicted
Posted: 11/12/2019
Just Mortgages has announced that eleven new brokers will start training with its broker academy in 2020 after advancing through its selection procedure
Posted: 11/12/2019
Lloyds Banking Group has responded to an independent report assessing the Customer Review it set up to compensate victims of the HBOS Reading fraud, and chief executive, António Horta-Osório, has apologised to those who lost out
Posted: 11/12/2019
MMP Financial Limited, trading as My Money Partner and Swift Sterling, has been placed into administration
Posted: 11/12/2019
Approximately 460,000 people in the UK chased HMRC for refunds on overpaid income tax in the year 2018/19, according to an FOI by Royal London.

The mutual insurer has urged taxpayers to double-check whether they may have overpaid tax
Posted: 11/12/2019
Metro Bank has announced the removal of product fees for its existing customer residential mortgage products
Posted: 10/12/2019
The UK’s rolling three-month GDP showed no growth in October 2019, after just the 0.3% growth registered in the third quarter of 2019, new ONS figures have revealed
Posted: 10/12/2019
The CEO of SmartSearch has written an open letter to the Chancellor of the Exchequer urging the government in office after Thursday’s general election to publish the final anti-money-laundering (AML) regulations without further delay, with new EU rules due to be implemented next month
Posted: 10/12/2019
The outstanding value of all residential mortgage loans was £1.486bn in the third quarter of 2019, 3.9% higher than a year earlier, according to new data published by the Bank of England (BoE) and the FCA
Posted: 10/12/2019

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