Archive News
Vernon Building Society has announced the launch of two new holiday let mortgages up to 75% LTV in response to growing demand from landlords.
Posted: 07/08/2020
Stonebridge has unveiled new developments to its wholly-owned trading platform, Revolution, with a focus on its Introducer Portal
Posted: 07/08/2020
UK house prices in July were 1.6% higher than they were in June, according to new data published in the latest Halifax House Price Index.
Halifax revealed that the average house price in July was the highest it has ever been since its Index began, reaching 3.8% higher than the same month a year ago
Halifax revealed that the average house price in July was the highest it has ever been since its Index began, reaching 3.8% higher than the same month a year ago
Posted: 07/08/2020
The proportion of overall loans under coronavirus schemes in each of the nine English regions, as well as the three devolved nations, closely matches their respective share of the UK business population, according to data published by the British Business Bank
Posted: 07/08/2020
more2life has announced the launch of a refreshed “Tailored” plan range to support older borrowers with flexible lending solutions
Posted: 07/08/2020
More homebuyers currently living in some of the biggest UK cities are planning to move to village locations, according to new analysis from Rightmove
Posted: 06/08/2020
The second charge mortgage market saw a 74% annual fall during June as £27m in new business was conducted, new figures published by the Finance & Leasing Association (FLA) have revealed
Posted: 06/08/2020
Over-50s in the UK have an average £127,316 in property equity tied up in their homes, new analysis from SunLife has revealed
Posted: 06/08/2020
The FCA has published new findings of a review into repeat borrowing by firms that offer high-cost credit
Posted: 06/08/2020
The Bank of England (BoE) has announced it is maintaining its base interest rate at 0.1%
Posted: 06/08/2020
Broker criteria searches in July provided strong indicators that the housing market is still being affected by lockdown, according to Knowledge Bank
Posted: 06/08/2020
Mortgage Brain has reported that it saw more ESIS generated through its sourcing systems in July than any other month so far in 2020
Posted: 06/08/2020
Foundation Home Loans has added five products to its residential range to provide more options for first-time buyers as well as home movers with recent credit blips
Posted: 06/08/2020
Answers in Retirement Group (Air Group) has announced a new partnership with The Right Loan
Posted: 05/08/2020
Thirty-one per cent of people have suggested that giving a financial gift to children or grandchildren is more important to them since the outbreak of COVID-19, compared to just 23% before the pandemic, research from Hodge Bank has revealed
Posted: 05/08/2020
Co-op Legal Services has urged people putting wills in place during the COVID-19 pandemic to speak to their chosen executors, to avoid confusion later down the line
Posted: 05/08/2020
Criteria searches related to applicants on a visa have risen by 146% for buy-to-let (BTL) enquiries since May, as well as 97% for residential criteria enquiries, data from Legal & General Mortgage Club has revealed
Posted: 05/08/2020
UK businesses are still facing significant cashflow challenges with the government schemes announced in the Summer Statement failing to protect jobs after the furlough scheme winds down, according to the British Chambers of Commerce (BCC)
Posted: 05/08/2020
United Trust Bank (UTB) has announced it is launching new criteria for professional contractors, a new web chat service through its broker portal, and a “limited edition” second charge product
Posted: 05/08/2020
Average rents across the UK dipped by -0.3% in June, and by -0.8% over the second quarter of the year, to take the annual growth in UK rents to +1.1%, new data from Zoopla has revealed
Posted: 05/08/2020
Thirty-eight per cent of self-employed workers see property as the safest way to save for their retirement, new data released by the Office for National Statistics (ONS) has revealed
Posted: 04/08/2020
More than 1.13 million small and micro businesses have now been backed by the UK’s banking industry through the Bounce Back Loan Scheme (BBLS), according to new Treasury figures
Posted: 04/08/2020
Almost £1.3bn of investment in new homes and other infrastructure projects has been confirmed by Housing Secretary, Robert Jenrick
Posted: 04/08/2020
Mortgage brokers were the worst hit advice channel during the second quarter of the year, with a 23% decrease in new business year-on-year, data from iPipeline has revealed
Posted: 04/08/2020
Ipswich Building Society has announced the appointment of Charlotte Grimshaw as the society’s new head of mortgage sales
Posted: 04/08/2020
West One has relaunched its buy-to-let (BTL) and second charge products with new rates and criteria to support borrowers as the UK economy emerges from lockdown
Posted: 04/08/2020
Hope Capital has reported that new cases for loans in excess of £1m saw a month-on-month increase of 350% in July
Posted: 04/08/2020
The accounting deficit of defined benefit (DB) pension schemes for the UK’s 350 largest listed companies increased to £103bn on 31 July, up from £90bn at the end of June, according to new data from Mercer’s Pensions Risk Survey
Posted: 03/08/2020
Metro Bank has announced an agreement to acquire peer-to-peer lender, RateSetter, for an initial £2.5m
Posted: 03/08/2020
The FCA has announced it is consulting on plans to reduce the potential for harm to investors from the “liquidity mismatch” in open-ended property funds
Posted: 03/08/2020
The Government has extended the Help to Buy scheme deadline to help customers that may have experienced delays in construction due to coronavirus
Posted: 03/08/2020
Aspen Bridging has provided a £1.9m bridging loan to a Chinese property professional, saving them their £325,000 deposit on a new build London penthouse after delays in their term finance application
Posted: 03/08/2020
Lenders are returning to the first-time buyer mortgage market with higher LTV products changing rapidly, new analysis from Defaqto has revealed
Posted: 03/08/2020
Click2Check has announced Chartwell Mortgage Services as the latest advisory firm to sign up for its Credit Assess product
Posted: 03/08/2020
The COVID-19 pandemic has “drastically accelerated” a digital transformation agenda in the financial services sector, according to fintech firm, ABAKA
Posted: 31/07/2020
OFFA has become the latest lender to join the Association of Short Term Lenders (ASTL)
Posted: 31/07/2020
A total £2.3bn was withdrawn flexibly from pensions between April and June as COVID-19 took its grip on the UK, according to new data published by HMRC
Posted: 31/07/2020
UK house prices rose by 1.7% in July after taking account of seasonal effects, offsetting the 1.6% fall in June, data from the latest Nationwide House Price Index has revealed
Posted: 31/07/2020
Nutmeg has become the first wealth manager in the UK to offer Open Banking payments, giving customers the option to choose faster payments directly from their bank or building society
Posted: 30/07/2020
More than half (53%) of advisers believe firms will shut as a result of the COVID-19 pandemic, while 45% expect more advisers to retire and 34% forecast a rise in the sale of businesses, new research from AKG is suggesting
Posted: 30/07/2020
Accord Buy To Let has announced it is reducing rates, extending end dates and introducing 14 new products to offer landlords more choice
Posted: 30/07/2020
Inheritance tax (IHT) receipts fell for the first time in a decade in the 2019/20 tax year, new Treasury figures have revealed
Posted: 30/07/2020
The MCI Mortgage Club has partnered with Richdale Compliance Consultancy to launch a new compliance proposition for new and existing mortgage and protection members
Posted: 30/07/2020
Just 10% of UK adults have paid for financial advice in the last two years, with 79% of those who hadn’t also unlikely to do so in future, according to research from OpenMoney
Posted: 30/07/2020
The second quarter of 2020 saw a 65% fall from Q1 in the volume of switches for current accounts in the UK, according to new data published by the Current Account Switch Service
Posted: 30/07/2020
Foundation Home Loans has launched two new 80% LTV products in its core buy-to-let (BTL) range for both individual borrowers and limited companies
Posted: 30/07/2020
Avamore Capital has completed a residential bridge worth £1.3m at an LTV of 43.9%, its sixth deal for the same borrower in 2020
Posted: 29/07/2020
People’s chances of getting approved for credit in the UK are now 60% higher than at the start of the coronavirus lockdown, according to new research from Experian
Posted: 29/07/2020
Mortgage Brain has revealed that the volume of ESIS generated through its sourcing systems have surpassed pre-pandemic levels for the first time since COVID-19 struck in the UK
Posted: 29/07/2020
Gatehouse Bank has announced it is joining the platform of criteria search specialist, Knowledge Bank
Posted: 29/07/2020
Hope Capital has unveiled plans to recruit more experienced individuals in all areas to support increased business volumes, after reporting a spike in demand since the COVID-19 lockdown was eased
Posted: 29/07/2020
The number of mortgage approvals for house purchases increased to 40,000 in June, up from the record low of 9,300 in May, according to new data published by the Bank of England (BoE)
Posted: 29/07/2020
New guidance for financial services firms to do more to protect vulnerable consumers has been announced by the FCA
Posted: 29/07/2020
Fleet Mortgages has announced several price cuts across its standard, limited company and HMO ranges
Posted: 29/07/2020
Accord Mortgages has announced it is increasing its maximum loan size to £2m on new lending and additional lending between 80% and 85% LTV
Posted: 28/07/2020
More than 1.17 million businesses in the UK have now received finance from lenders through the government-backed coronavirus lending schemes, new Treasury figures have revealed
Posted: 28/07/2020
UK savers put a record amount of money aside during May, but almost 40% of easy access balances are earning a rate of 0.1% or less, analysis from Paragon Bank has revealed
Posted: 28/07/2020
The government is drawing up plans for an extension to the Help to Buy property support scheme
Posted: 28/07/2020
A total £698m of property wealth was accessed by older homeowners in the second quarter of 2020, a figure down by 34% from the previous quarter, according to new data published by the Equity Release Council (ERC)
Posted: 28/07/2020
The Work and Pensions Committee is to investigate pensions scams in the first strand of a three-part inquiry into the impact of the pension freedoms and the protection of pension savers
Posted: 28/07/2020
New agreed house sales are running 28% above pre-lockdown levels as the recent surge in property demand converts into sales, the latest Zoopla House Price Index has suggested
Posted: 28/07/2020
More than 250 advisers have signed up for anti-money-laundering (AML) and credit reports through eKeeper’s CRM in the three months since the feature was launched
Posted: 28/07/2020
Eighty-eight per cent of financial advisers would continue to provide some form of remote advice option as the UK restrictions start to ease, a survey of Quilter’s national advice business has found
Posted: 28/07/2020
Foundation Home Loans has announced the completion of its latest securitisation, Twin Bridges 2020-1 PLC, the fifth deal under the Twin Bridges platform which the lender established in 2017
Posted: 28/07/2020
Twenty-three per cent of those planning to buy their first property say they have been able to save more during lockdown, research from The Nottingham has revealed
Posted: 28/07/2020
More than 120,000 people may be owed compensation of up to £80,000 each, after Cornerstone Tax uncovered an industry-wide error in relation to property transfers into pension schemes
Posted: 27/07/2020
Thirty-one per cent of financial advisers have seen an increase in client enquiries above normal levels since the COVID-19 pandemic begun, according to new research from Aegon
Posted: 27/07/2020
The FCA has announced the launch of its updated Financial Services (FS) Register which includes a simpler design and clearer language
Posted: 27/07/2020
SDL Surveying has announced that it received and completed a record number of jobs during June, with 73% of its surveyors completing six or more jobs every single day of the month
Posted: 27/07/2020
Kensington Mortgages has raised £650m of funding through the wholesale financial markets
Posted: 27/07/2020
Landbay has announced the launch of a new funding partnership with a UK bank
Posted: 27/07/2020
Tens of billions of pounds of new taxes should be levied on increases in the value of homes to ensure the costs of the COVID-19 pandemic do not fall unfairly on younger people, a think-tank report is suggesting
Posted: 24/07/2020
Around 18,000 former clients of wealth management firm, SVS Securities, can from today begin to access their money and assets from the new nominated broker, ITI Capital, the Financial Services Compensation Scheme (FSCS) has announced
Posted: 24/07/2020
Twenty-nine per cent of over-55s are planning to use their property wealth compared to just 19% a year ago, a new report from Key has revealed
Posted: 24/07/2020
Quilter has announced a new partnership with specialist in workplace mental health, Spill, to launch new online resources and a personal counselling service for financial advisers and their staff
Posted: 23/07/2020
Almost a fifth (18%) of people aged 50 and over have said the COVID-19 pandemic has already or may impact their retirement plans, according to a new study from Co-op Insurance
Posted: 23/07/2020
Marsden Building Society has selected Uinsure to be its sole home insurance supplier as the provider continues its growth in the building society mutual sector
Posted: 23/07/2020
A total of 323,767 properties have been bought with Help to Buy ISAs since the scheme launched in 2015, new figures published by the Treasury have revealed
Posted: 23/07/2020
Foundation Home Loans has responded to an increase in demand for shorter-term buy-to-let (BTL) mortgage products by reducing pricing on two products for standard property types, and introducing a new product with a flat arrangement fee
Posted: 23/07/2020
Yorkshire Building Society (YBS) has advanced 3,002 mortgages to first-time buyers and completed 31,384 mortgages in the first six months of 2020
Posted: 23/07/2020
iPipeline has announced that its AlphaTrust e-Sign and document automation software has been selected by One Mortgage System (OMS) to improve its offering to mortgage brokers
Posted: 23/07/2020
Backlogs in issuing official ID documents such as passports and driving licences are driving a surge of interest in remote, document-free electronic ID verification, according to SmartSearch
Posted: 22/07/2020
Lloyds Banking Group has announced a new partnership with cloud-native payments technology fintech, Form3, to enhance the digital payment experience for its customers
Posted: 22/07/2020
The Intermediary Mortgage Lenders Association (IMLA) has announced that it welcomes the newly published recommendations from the Law Commission to transform home ownership for millions of people in England and Wales
Posted: 22/07/2020
Yesterday’s Call for Evidence on pension tax relief administration from the Treasury reiterates the Government’s position on pension tax relief and “appears to pour cold water” on recent calls for fundamental reform, according to AJ Bell
Posted: 22/07/2020
United trust Bank (UTB) has announced the launch of a new campaign to help the mortgage industry get “back open for business”
Posted: 22/07/2020
Thirty-six per cent of financial advisers want a specialised qualification in the FCA’s expectations for appropriate advice for green financial products, according to research from the Personal Finance Society (PFS)
Posted: 22/07/2020
Mortgage Brain has reported that the number of ESIS generated through its sourcing systems increased by 3% last week, maintaining their recovery to reach the same levels as those seen before the COVID-19 pandemic
Posted: 22/07/2020
The British Business Bank has announced the approval of Fiduciam for accreditation under the Coronavirus Business Interruption Loan Scheme (CBILS)
Posted: 22/07/2020
Sixty-four per cent of adults in the UK have become reliant on mobile and online banking to manage their finances during lockdown, new research from Yobota has revealed
Posted: 21/07/2020
The banking industry has now approved £47.9bn to more than 1.1 million businesses so far through government-backed coronavirus lending schemes, according to new statistics from the Treasury
Posted: 21/07/2020
The past three months have seen the Government borrow more than double its entire borrowing amount for last year, as June marked the third highest month on record for borrowing, new figures have revealed
Posted: 21/07/2020
There were 63,250 residential property transactions in the UK during June, according to new data published by HMRC
Posted: 21/07/2020
UK over-55s are expected to borrow £19bn less over the next two years as a result of the COVID-19 pandemic, according to new research from equity release lender, more2life, and economics consultancy, Cebr
Posted: 21/07/2020
Landbay has increased its maximum loan sizes from £1m to £1.5m on all standard properties, houses in multiple occupation (HMOs) and multi-unit freehold blocks (MUFBs)
Posted: 21/07/2020
Zephyr Homeloans has joined the mortgage panel of financial advice and investment network, Openwork
Posted: 21/07/2020
The Government has proposed that the FCA should be given powers to regulate adverts and promotions in the cryptocurrency market, following a surge in cryptocurrency buying in the past year
Posted: 20/07/2020
Thirty-seven per cent of UK adults have saved more into a savings account during lockdown than they would have usually, according to Nationwide research
Posted: 20/07/2020
more2life has announced the return of its 14 working day service promise which will see the lender compensate customers with £500 if it takes longer than two weeks to issue a loan offer from the date of application
Posted: 20/07/2020
Recent growth in the number of remortgage instructions has started to slow in July, according to new data from Legal Marketing Services (LMS)
Posted: 20/07/2020
PropertyPal Mortgages has partnered with eKeeper to launch its own mortgage pre-approval software and speed up the initial stages of its mortgage application process
Posted: 20/07/2020
First 4 Bridging (F4B) has announced the addition of Hope Capital to its specialist lending panel
Posted: 20/07/2020
The FCA has announced new plans to extend the deadlines for which FCA solo-regulated firms will need to have implemented its Certification Regime
Posted: 17/07/2020
Buy-to-let (BTL) landlords in England should be assessing the energy efficiency works that their properties require ahead of the opening of online applications for the Green Homes Grant in September, according to Blick Rothenberg
Posted: 17/07/2020
The Treasury Committee is launching a new inquiry called ‘Tax after coronavirus’ to look into the long-term pressures on the UK tax system
Posted: 17/07/2020
TSB has launched a new unsecured personal loan rate of 2.8% APR for loans between £7,500 and £25,000 over one to five years, the bank’s lowest rate
Posted: 17/07/2020
Lenders have now provided over one million payment deferrals on credit cards to help customers whose finances have been affected by COVID-19 over the past three months, new UK Finance figures have revealed
Posted: 17/07/2020
There are positive indications that the financial shock of COVID-19 is abating as lockdown measures in the UK begin to ease, according to TransUnion
Posted: 16/07/2020
The number of people in their 20s and early 30s choosing to invest in the stock market is “skyrocketing”, according to new analysis by Scottish Friendly
Posted: 16/07/2020
The Treasury has unveiled plans to revisit radical public sector pension reforms made in 2015, after the Court of Appeal ruled that transitional protections provided to those within 10 years of retirement were discriminatory
Posted: 16/07/2020
Capital gains tax (CGT) rates would be an “obvious source of income” for the Government to consider in terms of recuperating the cost of COVID-19, according to Killik & Co
Posted: 16/07/2020
Lenders have reported decreasing demand for secured lending for both house purchase and remortgaging in the second quarter of 2020, but this demand is expected to increase in Q3, according to new research from the Bank of England (BoE)
Posted: 16/07/2020
The total number of ISA openings in the UK has halved this year, according to new figures from Paragon Bank
Posted: 16/07/2020
Nivo has launched a new B2B digital messenger service that allows subscribing lenders and their invited broker introducers to securely message each other through the course of a loan case
Posted: 15/07/2020
Nationwide has announced the launch of several products and rates across its 90% loan-to-value (LTV) first-time buyer range
Posted: 15/07/2020
Mortgage Brain has reported the numbers of ESIS generated through its sourcing systems have continued their recovery from the impact of COVID-19 over the last week, increasing by 3.4%
Posted: 15/07/2020
Consumer price inflation increased to a 12-month rate of 0.6% in June, up from 0.5% in May, according to the latest Consumer Prices Index (CPI) from the Office for National Statistics (ONS)
Posted: 15/07/2020
The FCA has confirmed the support that will be available for high cost credit customers who continue to face payment difficulties due to coronavirus
Posted: 15/07/2020
Air Later Life Academy (LLA) has announced it is extending its relationship with retirement product specialist, Hodge Bank
Posted: 15/07/2020
The value of UK credit card transactions dropped to £8.7bn in April, half the value compared to April 2019, new UK Finance data has revealed.
The banking body stated that in the first full month of lockdown measures, the number of credit card transactions by UK cardholders also saw a sharp fall of 45.9% to 163 million, the lowest level in over nine years
The banking body stated that in the first full month of lockdown measures, the number of credit card transactions by UK cardholders also saw a sharp fall of 45.9% to 163 million, the lowest level in over nine years
Posted: 15/07/2020
HMRC is today reminding Self Assessment taxpayers that they can automatically defer their July payment on account, providing up to a £11.8bn cash flow boost to taxpayers
Posted: 14/07/2020
Older homeowners released £1.47bn worth of property wealth in the first half of 2020 but this was driven by a buoyant Q1 as the impact of the coronavirus and resulting political and economic uncertainty hit the market in Q2, Key’s Market Monitor has showed
Posted: 14/07/2020
A spike in investment scams during lockdown has led to around 300 victims losing £4m of their savings in recent months, the Investment Association (IA) has said
Posted: 14/07/2020
The average house price in the UK has almost trebled in the past 20 years, new research has revealed
Posted: 14/07/2020
The UK's economy grew just 1.8% in May, rebounding more slowly than expected from the previous month
Posted: 14/07/2020
Hodge has reduced its rates on some of its later life mortgages for both new and existing customers
Posted: 14/07/2020
Crystal Specialist Finance (CSF) has launched a range of buy-to-let semi-exclusive products with West One
Posted: 14/07/2020
The FCA has commenced proceedings in the High Court against London Property Investments (UK) Limited (LPI), NPI Holdings Limited (NPI), Daniel Stevens (the sole director and shareholder of both companies) and his father Anthony Kafetzis
Posted: 13/07/2020
Mortgage brokers’ criteria searches are up by more than two-thirds (68%) as the market responds to COVID-19, according Knowledge Bank’s mortgage criteria activity tracker, and the increase was especially pronounced in the residential market, with searches up by nearly four-fifths (79%)
Posted: 13/07/2020
Men accumulate £135,000 more than women for their pension by the time they are ready to access it, a new report from Fintuity has said
Posted: 13/07/2020
The Mortgage Lender has topped £1bn in buy-to-let (BTL) applications following a record £100m in applications during June
Posted: 13/07/2020
Property instructions in April and May 2020 were down 90% and 73% respectively on the equivalent months in 2019, but June saw a significant rebound, with instructions down just 26% on the corresponding month last year, and up 178% on May 2020
Posted: 13/07/2020
An individual with an average credit card debt could incur more than £250 of interest over a six month repayment holiday, increasing their outstanding balance by around 10%, latest research has shown
Posted: 13/07/2020
Masthaven Bank has announced the appointment of Malcolm McCaig to its Board as an independent non-executive director, with the intention he will chair the Board's Risk and Conduct Committee
Posted: 10/07/2020
The Financial Services Compensation Scheme (FSCS) has revealed it paid a total of £527m in compensation to customers from levies raised on just over 49,000 regulated financial services firms during 2019/20
Posted: 10/07/2020
Nationwide has reported it saw a significant increase in traffic to its online mortgage affordability tools this week, following the Government’s changes to stamp duty announced on Wednesday
Posted: 10/07/2020
The Conveyancing Association (CA) has urged the Welsh Government to speed up the reopening of its housing market to match the recent changes to Stamp Duty Land Tax (SDLT) introduced with immediate effect in both England and Northern Ireland.
The trade body for the conveyancing industry pointed to the lack of any evidence in England to suggest the opening of the housing market has caused an increase in COVID-19 cases
The trade body for the conveyancing industry pointed to the lack of any evidence in England to suggest the opening of the housing market has caused an increase in COVID-19 cases
Posted: 10/07/2020
The tax gap estimate for 2018/19 is 4.7% of all tax liabilities, a total worth £31bn, HMRC has confirmed
Posted: 09/07/2020
Fifty-three per cent of property and commercial finance brokers have reported they are open for business with 100% of their pre-COVID-19 capacity, according to research from United Trust Bank (UTB)
Posted: 09/07/2020
Stonebridge has announced the completion of more updates and developments to its wholly-owned trading platform, Revolution
Posted: 09/07/2020
The Chancellor announced the launch of the ‘Job Retention Bonus’ yesterday as part of the Government’s emergency measures to tackle coronavirus
Posted: 09/07/2020
The UK housing market is showing initial signs of recovery as new buyers and sellers come in to the market, according to the June 2020 RICS UK Residential Market Survey
Posted: 09/07/2020
The Nottingham has announced new plans to enter into an alliance with Belvoir Group
Posted: 09/07/2020
The Chancellor has announced an immediate temporary holiday on stamp duty for the first £500,000 of all property sales in England and Northern Ireland
Posted: 08/07/2020
The number of products on the mortgage market has continued its steady improvement and increased by 1.1% last week to a new post-lockdown high of 9,266, new data from Mortgage Brain has revealed
Posted: 08/07/2020
The Bounce Back Loan Scheme has now helped more than one million businesses to access £30.9bn worth of loans to help small and micro businesses absorb the financial shock of coronavirus, new Treasury figures have revealed
Posted: 08/07/2020
Financial advisers believe that an increased demand for individual protection products will come from parents with young families, according to new HSBC Life UK research.
Posted: 08/07/2020
The Competition and Markets Authority (CMA) has announced that payday lender, Shelby Finance, has written off loans and apologised to customers after not providing them with important information
Posted: 07/07/2020
Aspen Bridging has announced that it approved £294m of deals across 382 cases during June, making it one of the lender’s best months on record
Posted: 07/07/2020
House prices in June were 0.1% lower than in May, according to the latest Halifax House Price Index
Posted: 07/07/2020
The COVID-19 pandemic has not dissuaded first-time buyers from pressing ahead with their housing plans as 93% are still considering buying in 2020, new research from Legal & General Mortgage Club has revealed.
The mortgage club also stated that a majority 51% of first-time buyers have indicated they “definitely intend to buy” this year
The mortgage club also stated that a majority 51% of first-time buyers have indicated they “definitely intend to buy” this year
Posted: 07/07/2020
Hanley Economic Building Society has reported a 35% increase in self-build advances over an 18-month period running from the beginning of January 2019 to the end of June 2020
Posted: 07/07/2020
Impact Specialist Finance and United Trust Bank (UTB) have completed a £450,000 regulated bridging loan for later life borrowers looking to downsize
Posted: 07/07/2020
The MCI mortgage club has appointed Zephyr Homeloans to its panel of specialist lenders for buy-to-let (BTL) products
Posted: 07/07/2020
Accord Mortgages has announced it is suspending all lending on its 90% loan-to-value (LTV) products for first-time buyers
Posted: 06/07/2020
Ipswich Building Society has announced it is withdrawing all of its buy-to-let (BTL) products, including expat BTL and holiday let mortgages, with immediate effect
Posted: 06/07/2020
Millions of people could be vulnerable to a fraud attack by failing to recognise common warning signs in third party communications, research from TSB has revealed
Posted: 06/07/2020
Country houses valued above £5m saw the strongest price growth of any property type in the UK in the three months to June, according to Knight Frank
Posted: 06/07/2020
Only 35% of small business owners say they know the rate of interest they are currently receiving on their business savings accounts, according to new research from Redwood Bank
Posted: 06/07/2020
The Government is expected to reveal new plans this week that will exempt most homebuyers from paying any stamp duty, according to reports
Posted: 06/07/2020
Halifax has announced its mortgage applications have continued to rise seven weeks after the housing market reopened
Posted: 03/07/2020
A total of £21m worth of new business in the second charge mortgage market was conducted during May, an 81% drop from the same month last year, new data from the Finance & Leasing Association (FLA) has revealed
Posted: 03/07/2020
The FCA has announced new plans that would provide continued support for users of high cost credit products who continue to face payment difficulties due to coronavirus
Posted: 03/07/2020
The initial cost of renting has fallen by 2% year-on-year across England since the introduction of the tenant fee ban in June last year, according to research from Ome
Posted: 03/07/2020
Hope Capital has announced it recorded a leap of 189% in enquires during June compared to the same month a year ago
Posted: 02/07/2020
The COVID-19 crisis is forcing UK businesses to accept unfavourable payment terms, according to new research by Intrum
Posted: 02/07/2020
Iress has launched the first stage of an integration with the more2life application programming interface (API) which will streamline the product application process and save advisers time
Posted: 02/07/2020
Aspen Bridging has announced the completion of a £1.2m residential bridging loan for a British Virgin Islands (BVI) company which had commenced with a debt restructuring programme just before the coronavirus pandemic
Posted: 02/07/2020
The number of remortgage instructions dipped slightly in the final week of June and was down on the previous week by 8.2%, new data from Legal Marketing Services (LMS) has revealed
Posted: 02/07/2020
PRIMIS Mortgage Network has revealed the number of applications it received between April and June rose by 30% compared to the same period in 2019
Posted: 02/07/2020
Foundation Home Loans has announced it is returning its buy-to-let (BTL) product range to its pre-lockdown structure with the reintroduction of large loan, early remortgage and short-term let products
Posted: 02/07/2020
Mortgage Brain has reported that the proportion of ESIS generated by its sourcing systems for property purchases have now increased past the levels it before the pandemic
Posted: 01/07/2020
The Payments System Regulator (PSR) has confirmed the widespread implementation of its new fraud-prevention tool, Confirmation of Payee (CoP)
Posted: 01/07/2020
Bringing stamp duty down would be an important stimulus for the housing market and reinvigorate the housing ‘micro-economy’, according to MHA MacIntyre Hudson
Posted: 01/07/2020
Annual house price growth slowed to -0.1%, from 1.8% in May, the first time that annual house price growth has been in negative territory since December 2012, according to the latest Nationwide House Price Index
Posted: 01/07/2020
The Intermediary Mortgage Lenders Association (IMLA) has welcomed the changes to planning regulation announced by Boris Johnson yesterday
Posted: 01/07/2020
The FCA has confirmed the support that users of consumer credit products will receive if they are still experiencing temporary payment difficulties due to coronavirus
Posted: 01/07/2020
The second quarter of the year saw 5.3% rental yields on residential buy-to-let (BTL) properties across England, easing down from the 5.6% recorded in the second quarter of 2019, new data from Fleet Mortgages has revealed
Posted: 01/07/2020
Foundation Home Loans has announced several key criteria changes to its specialist residential range
Posted: 01/07/2020
Trade Ledger and Equifax have announced an extended partnership for the UK market which will bid for the BCR Capability and Innovation fund
Posted: 30/06/2020
The Low Incomes Tax Reform Group (LITRG) has encouraged self-employed people impacted by COVID-19 to double-check whether they are entitled to the first round of the Government’s Self-Employment Income Support Scheme (SEISS) grant, before the claim window closes on 13 July
Posted: 30/06/2020
An estimated 2.6 million UK consumers have bought cryptoassets at some point, according to new research published by the FCA
Posted: 30/06/2020
The banking industry has now supported more than one million businesses through the three government-backed lending schemes in just over three months, according to latest figures published by the Treasury
Posted: 30/06/2020
Ipswich Building Society has announced it is withdrawing its 90% LTV 2.79% discount mortgage for both purchase and remortgage cases
Posted: 30/06/2020
The Progressive Building Society has announced that its criteria has been added to Knowledge Bank’s mortgage criteria search system
Posted: 30/06/2020
The Mortgage Lender has announced it is returning to offer physical valuations on buy-to-let (BTL) applications for properties in Scotland and Wales, after COVID-19 restrictions were relaxed by the devolved Governments
Posted: 29/06/2020
Forty-nine per cent of savers between the ages of 22 and 29 years are still not doing enough to prepare for later life, according to research from Scottish Widows
Posted: 29/06/2020
Stamp duty relief would be a “poor tool for managing market behaviour” to boost the housing market and help first-time buyers, according to Cornerstone Tax
Posted: 29/06/2020
Almost £10bn was transferred out of defined benefit (DB) pensions in the final quarter of 2019, up from just over £5bn in the previous quarter, according to new data released by the Office for National Statistics (ONS)
Posted: 29/06/2020
The number of mortgage approvals for house purchase slumped to 9,300 in May, almost 90% below February’s level and around a third of their trough during the financial crisis in 2008, new Bank of England (BoE) data has revealed
Posted: 29/06/2020
Click2Check has announced the signing of two new advisory practices for its ‘Credit Assess’ product
Posted: 29/06/2020
A total 32.3 million people are projected to pay income tax in the current tax year, a rise from 31.2 million taxpayers in the 2017/18 tax year, new HMRC data has revealed
Posted: 26/06/2020
Chase de Vere has reported increased turnover, profitability and client satisfaction in its annual report and financial statements for the year ending 31 December 2019
Posted: 26/06/2020
Zopa has announced it has been awarded its full bank licence and will be launching a new set of products, starting with a fixed term savings account
Posted: 26/06/2020
Avamore Capital has announced the completion of a £1.2m part-complete project in Surrey
Posted: 26/06/2020
NatWest has announced the launch of a new online payment service, Payit, which allows customers to make instant online payments to participating retailers, without the use of a debit or credit card
Posted: 25/06/2020
Financial fraud rates in the UK rose by 33% in April when compared with previous monthly averages, new analysis from Experian has revealed
Posted: 25/06/2020
Seventy-six per cent of all ISAs subscribed to during the year up to April 2019 were cash ISAs, a figure up from 70% a year earlier, new data published by HMRC has revealed
Posted: 25/06/2020
Yorkshire Building Society has announced it is reintroducing 90% loan-to-value (LTV) products from today, exclusively for first-time buyers
Posted: 25/06/2020
The number of remortgage instructions remained steady in the third week of June and was up 5% compared with the final week in May, new data released by Legal Marketing Services (LMS) has revealed
Posted: 25/06/2020
Key Partnerships, the equity release referral service for Key Group, has announced a new referral partnership with Tenet Group
Posted: 25/06/2020
UK savers saw their easy access savings account balances grow by 303% during March and April 2020 compared to last year, according to industry data analysed by Paragon Bank
Posted: 24/06/2020
There were 1,023,000 interest-only homeowner mortgages outstanding at the end of 2019, a figure 8.9% fewer than in 2018, new data published by UK Finance has revealed
Posted: 24/06/2020
Principality Building Society has announced the appointment of Julie-Ann Haines as its new chief executive officer, subject to regulatory approval
Posted: 24/06/2020
The number of rental deposit disputes lodged with Hamilton Fraser’s government-authorised deposit scheme, mydeposits, has fallen by 15% across England so far this year
Posted: 24/06/2020
Product numbers on the mortgage market increased last week to the highest level seen since the COVID-19 pandemic struck the UK, according to new data from Mortgage Brain
Posted: 24/06/2020
A surge in demand for property is expected to delay house price falls and push them towards the end of 2020, according to the latest UK House Price Index by Zoopla
Posted: 24/06/2020
Accord Mortgages has announced it is enhancing its portability procuration fee as well as the launch of new high LTV products for transferring customers
Posted: 24/06/2020
A flat rate of tax relief on Defined Contribution (DC) pension contributions would increase the proportion of DC pension tax relief associated with basic rate taxpayers from 26% to 42%, according to a new report
Posted: 23/06/2020
More than 972,000 businesses have now been provided with lending worth a total of £40.7bn through the three major government-backed lending schemes, according to new figures released by the Treasury
Posted: 23/06/2020
The Conveyancing Association (CA) has urged the Welsh Government to go “further” and “faster” in opening up its housing market
Posted: 23/06/2020
Half of prospective homebuyers in the UK have been denied a mortgage during the COVID-19 crisis despite having an agreement in principle, according to new research from Butterfield Mortgages Limited (BML)
Posted: 23/06/2020
The number of residential property transactions in the UK climbed 16% in May compared to the previous month, new data published by HMRC has revealed.
Figures showed the provisional seasonally adjusted estimate had risen to 48,450 during May, although this represented a drop of 49.6% in comparison to May 2019
Figures showed the provisional seasonally adjusted estimate had risen to 48,450 during May, although this represented a drop of 49.6% in comparison to May 2019
Posted: 23/06/2020
eKeeper has launched internet call recording into its CRM product, allowing calls to be generated from the CRM and recorded for future use
Posted: 23/06/2020
First 4 Bridging (F4B) has announced the addition of Hampshire Trust Bank to its lending panel
Posted: 23/06/2020
Gatehouse UK Private Rented Fund I, which is advised by Gatehouse Bank and in which the bank is a co-investor, has agreed to forward fund a £10.2m Build to Rent scheme in the West Midlands, which is set to create 66 new family homes
Posted: 22/06/2020
Outer London is home to the lowest average buy-to-let (BTL) rental yield of all regions in the UK, at 4.8%, according to research from Howsy
Posted: 22/06/2020
Castle Trust has announced it is rebranding and will now operate as ‘Castle Trust Bank’ following the receipt of a full banking licence and the conversion of all its existing investments into savings accounts
Posted: 22/06/2020
The Treasury has announced the appointment of Nikhil Rathi as the new permanent chief executive of the FCA
Posted: 22/06/2020
Buy-to-let (BTL) rental yields have remained “largely flat” and are up by just 0.1% year-on-year, according to new research from Sourced Capital
Posted: 22/06/2020
Landbay has announced it has joined the Lender Exchange in order to access a greater variety of conveyancing solicitors
Posted: 22/06/2020
Paradigm Mortgage Services has added buy-to-let (BTL) mortgage lender, Zephyr Homeloans, to its panel
Posted: 22/06/2020
A total of 1.9 million mortgage payment holidays have been granted to struggling homeowners in the three months since the launch of the scheme, according to UK Finance
Posted: 19/06/2020
The total number of HMRC tax receipts in May saw a 43% fall in comparison to May 2019, according to new government figures
Posted: 19/06/2020
The FCA has announced new plans to provide support for users of consumer credit products who are experiencing financial difficulty because of coronavirus
Posted: 19/06/2020
Fifty-two per cent of directly authorised brokers believe that technology advances will have a “high” or “very high" impact on their business over the next 24 months, according to a new survey
Posted: 19/06/2020
A future model for how the UK’s Open Banking functions can continue and progress once the current implementation phase ends early next year has been set out in a new report by UK Finance, in association with Accenture
Posted: 18/06/2020
Almost three million people in the UK have fallen for a financial scam after being approached by a fraudster since the start of the coronavirus pandemic, according to new research from Aegon
Posted: 18/06/2020
The Bank of England (BoE) has announced it will pump an additional £100bn into the UK economy to help tackle the financial downturn brought on by COVID-19
Posted: 18/06/2020
Nationwide has announced it will be offering those still facing financial difficulties due to COVID-19 additional mortgage payment breaks, as part of a wider commitment to help people keep their homes
Posted: 18/06/2020
Ipswich Building Society has announced it is withdrawing its five-year standard buy-to-let (BTL) and five-year expat BTL fixed rate products in order to slow the inflow of applications
Posted: 18/06/2020
The FCA has announced new plans to make its ban on the mass-marketing of speculative mini-bonds towards retail investors to be made permanent
Posted: 18/06/2020
Instruction volumes for remortgages continued to increase through June, according to the latest data gathered by Legal Marketing Services (LMS), rising 8.9% between the first and second week of the month
Posted: 18/06/2020
Foundation Home Loans has announced several changes to its residential range for borrowers, including an increase in LTV from 75% to 80%, the launch of new five-year products, and a new offering for first-time buyers
Posted: 18/06/2020
Paradigm Mortgage Services has announced it has increased its number of member firms by 10.9%, up to 1,544 from 1,392 at the end of March 2019
Posted: 17/06/2020
Firms must do more to ensure that they are always giving appropriate equity release advice, a new FCA review is suggesting
Posted: 17/06/2020
The FCA has fined Commerzbank AG (London Branch) £37,805,400 for failing to put adequate anti-money laundering (AML) controls in place between October 2012 and September 2017
Posted: 17/06/2020
Nationwide has announced it is changing the maximum loan-to-value (LTV) amounts that it will lend to different borrower types across its lending channels
Posted: 17/06/2020
The number of UK mortgage approvals slumped by 71.76% between March and April, according to data gathered by Buyshares.co.uk
Posted: 17/06/2020
Mortgage Brain has reported the overall ESIS numbers produced from its sourcing systems have stabilised at pre-pandemic levels, with a small increase of 2.4% on the preceding week
Posted: 17/06/2020
RealRates has launched a new affordability checking service, RealCheck, using Open Banking data to enable lenders to make more accurate real-time credit decisions on consumers in the post-COVID-19 climate
Posted: 17/06/2020
MCI Club has integrated its digital broker platform, Burrow, into Knowledge Bank’s application programming interface (API)
Posted: 17/06/2020
Prospective homebuyers shouldn’t take house prices at immediate face value and should instead be mindful of inflated prices, Cornerstone Tax has warned
Posted: 16/06/2020
Accord Mortgages has announced it will be offering 90% loan-to-value (LTV) products from Wednesday 17 June, exclusively for first-time buyers
Posted: 16/06/2020
The Personal Finance Society (PFS) has reported that its e-mentoring scheme saw a surge in interest as the Government’s coronavirus restrictions were introduced
Posted: 16/06/2020
One-bed properties are proving to be the best financial investment when it comes to buy-to-let (BTL) rental yields across the UK’s major cities, according to new research from Howsy
Posted: 16/06/2020
Over half (52%) of over-45s are concerned about landing their families with an inheritance tax (IHT) bill because they have failed to take action to ease the pressure on relatives, according to new research from Openwork
Posted: 16/06/2020
Hope Capital has announced a new flexible fees feature for its bridging loan products, aimed at borrowers who require zero lender arrangement fee, reduced valuation fee options or no upfront solicitors’ costs
Posted: 16/06/2020
Aspen Bridging has announced the appointments of two new new members of staff and that it is promoting two more staff members as the lender looks to build on its pipeline of business accumulated during the coronavirus crisis
Posted: 15/06/2020
The Intermediary Mortgage Lenders Association (IMLA) has suggested that lenders have been committed to supporting their existing customers since the housing market reopened
Posted: 15/06/2020
Castle Trust has announced it has been granted full authorisation as a bank by the Prudential Regulation Authority (PRA) and the Financial Conduct Authority (FCA)
Posted: 15/06/2020
Stonebridge has announced an increase in its appointed representative (AR) adviser recruitment numbers during the COVID-19 pandemic
Posted: 15/06/2020
Mortgage Brain has reported that advisers have now carried out affordability searches for mortgages worth a total of more than £1.5bn on its sourcing solution, Affordability Hub
Posted: 15/06/2020
Fifty-six per cent of later life lending advisers think there will be a greater reliance on technology compared to paper-based systems when the equity release market returns to more normal operating models, according to new more2life research
Posted: 15/06/2020
The Mortgage Lender has announced it is abolishing multiple application fees for portfolio landlords and reducing its completion fee on portfolio applications from 1.5% to 1.25%
Posted: 15/06/2020
Foundation Home Loans has announced it is launching new buy-to-let (BTL) standard HMO, large HMO, as well as multi-unit blocks (MUB) exclusive products for its major packager partners
Posted: 15/06/2020
The Home Buying & Selling Group (HBSG) has set up a working party to look specifically into the issue of property logbooks
Posted: 12/06/2020
The UK’s GDP suffered a fall of 20.4% in April, according to new data released by the Office for National Statistics (ONS)
Posted: 12/06/2020
The first week of June saw a 6% rise from the average weekly remortgage instruction volumes recorded during June last year, new data published by Legal Marketing Services (LMS) has revealed
Posted: 12/06/2020
There was a significant increase in the number of advisers searching for criteria around interest-only mortgages between April and May, according to new data from Legal & General Mortgage Club
Posted: 12/06/2020
The headline net balance for new home buyer enquiries in the UK moved from a record low of -94% in April to post a reading of -5% in May, according to the May 2020 RICS Residential Market Survey
Posted: 11/06/2020
Fifty-six per cent of financial services professionals are less likely to follow safe data practices when working remotely, according to new research from Tessian
Posted: 11/06/2020
A round-up of why BNP Paribas Asset Management took home the award at this year's Asset Management Awards
Posted: 11/06/2020
Stonebridge has announced the completion of a further phase of functionality upgrades and developments to its trading platform, Revolution
Posted: 11/06/2020
Demand for mortgages has returned to pre-lockdown levels with enquiries for May showing a 57% rise from April, new analysis from Experian has revealed
Posted: 11/06/2020
IFAs and brokers are enhancing their protection for older customers during the coronavirus crisis, according to new research from Key Partnerships
Posted: 11/06/2020
The FCA has issued a £64m fine to Lloyds Bank, the Bank of Scotland and the Mortgage Business for failures in relation to their handling of mortgage customers in payment difficulties or arrears
Posted: 11/06/2020
Foundation Home Loans has announced several changes to its buy-to-let (BTL) product range which include increases to LTV bands, rate cuts and the introduction of a new five-year ‘fixed fee’ product
Posted: 11/06/2020
The Low Incomes Tax Reform Group (LITRG) has expressed concern that recipients of the Government’s Self-Employed Income Support Scheme (SEISS) grant might not realise it is taxable
Posted: 10/06/2020
Ipswich Building Society has announced it is temporarily withdrawing its 90% LTV fixed rate products
Posted: 10/06/2020
Taxpayers need to think now about their likely income this year so that they can warn HMRC if they need time to pay, according to Blick Rothenberg
Posted: 10/06/2020
Errors made in assessing Stamp Duty Land Tax (SDLT) on property purchases are actively harming the market and may be hampering investment in the industry, according to Cornerstone Tax
Posted: 10/06/2020
Fleet Mortgages has announced the launch of new 70% and 75% LTV products across its three core product ranges – standard, limited company and HMO
Posted: 10/06/2020
Mortgage Brain has reported another rise in the volume of ESIS produced by its sourcing systems to reach levels “very close” to those seen before the COVID-19 pandemic
Posted: 10/06/2020
United Trust Bank (UTB) has completed a £10.9m investment term loan for an existing customer affected by the COVID-19 lockdown
Posted: 09/06/2020
The lang cat has added AKG financial strength ratings to its interactive online tool and insight service, Platform Analyser
Posted: 09/06/2020
Avamore Capital has appointed VAS Panel to run alongside its own in-house panel management database
Posted: 09/06/2020
Hope Capital has announced it is relaunching its flexible bridging loan, the Hope FleXi
Posted: 09/06/2020
The banking and finance industry has now backed more than 830,000 UK businesses through the Government’s coronavirus loan schemes, according to new figures published by the Treasury
Posted: 09/06/2020
The outstanding value of all residential mortgages loans was £1.51bn at the end of the first quarter of the year, a figure 3.9% higher than a year ago, according to new Bank of England (BoE) figures
Posted: 09/06/2020
The MCI Mortgage Club has announced the appointment of Harpenden Building Society to its lender panel
Posted: 09/06/2020
Hodge has announced that it is resuming lending up to 70% LTV following the easing of some COVID-19 lockdown restrictions
Posted: 09/06/2020
Mortgage Engine has announced the appointment of Kieran Park as its new chief technology officer (CTO)
Posted: 08/06/2020
A total £32m worth of business was agreed in the second charge mortgage market during April, reflecting a 68% fall from 12 months ago, according to the latest new business figures released by the Finance & Leasing Association (FLA)
Posted: 08/06/2020
Jonathan Halberda, Wesleyan Financial Services Senior Financial Consultant answers the five questions that everyone should be asking. Find out more
Posted: 08/06/2020
Accord Mortgages has announced it will be temporarily withdrawing all products at 90% loan-to-value (LTV) to maintain service levels
Posted: 08/06/2020
Leek United has announced the launch of new residential products, including some with no fees and cashback, and new 75% LTV products
Posted: 08/06/2020
The number of new people reaching pension freedoms age will reach a peak in 2020, new analysis by Aegon has revealed
Posted: 08/06/2020
SunLife has reported an increase in the number of homeowners looking to release equity from their homes to help younger generations whose finances have been affected during the UK lockdown
Posted: 08/06/2020
Satisfaction amongst mortgage brokers with the lenders that they deal with has increased to 82.7%, up from 81.1% in the second half of 2019, a new study has revealed
Posted: 08/06/2020
More than £5m in losses relating to coronavirus scams has been reported to Action Fraud since February, new figures have revealed
Posted: 05/06/2020
The FCA has announced a ban on contingent charging as part of a package of measures to address “weaknesses” across the defined benefit (DB) transfer market
Posted: 05/06/2020
House prices in the UK during May were 0.2% lower than they were in April, according to new data published in the latest Halifax House Price Index
Posted: 05/06/2020
Key Partnerships, the equity release referral service for retirement finance business, Key Group, has announced a new referral partnership with Paradigm mortgage club
Posted: 05/06/2020
The coronavirus pandemic has already prompted a third (33%) of people in the UK into either drafting a new will or amending an existing one, according to a new study from Handelsbanken Wealth Management
Posted: 04/06/2020
A round-up of why BMO Global Asset Management took home the award at this year's Asset Management Awards
Posted: 04/06/2020
The COVID-19 crisis provides the financial services sector with an opportunity to respond to the needs of consumers, as well as help them stay safe from scams, according to Baroness Morgan of Cotes
Posted: 04/06/2020
Remortgage instruction volumes increased by 8.1% from April to May, new data from Legal Marketing Services (LMS) has revealed
Posted: 04/06/2020
UK savers put £4bn into retail funds in April after record outflows in March, according to new figures published by the Investment Association (IA)
Posted: 04/06/2020
Hope Capital has launched a new product to give borrowers “control and flexibility” of their cashflow
Posted: 04/06/2020
Mortgage lending was flat in the first three months of 2020 compared with a year ago, while an increase in buy-to-let (BTL) activity was offset by a drop in first-time buyers, new UK Finance data for the first quarter has revealed.
Figures suggested regional variations in activity are a likely reflection of the market disruption due to the coronavirus pandemic
Figures suggested regional variations in activity are a likely reflection of the market disruption due to the coronavirus pandemic
Posted: 04/06/2020
COVID-19 continued to dominate the attention of brokers during May, with ‘COVID-19: Temporary Maximum LTV Restrictions’ featuring prominently across four of the seven categories recorded by Knowledge Bank’s criteria tracker
Posted: 04/06/2020
Paradigm Mortgage Services has announced that Ipswich Building Society has lifted its postcode lending restrictions for Paradigm members, allowing member firms in England and Wales to access its products
Posted: 04/06/2020
The Financial Ombudsman Service (FOS) received more than 270,000 new complaints about financial businesses in the 2019/20 financial year, according to new figures
Posted: 03/06/2020
Both corporates and the financial services industry have “jumped ahead” of the Government in the development of strategies and solutions to climate change, according to UN Special Envoy for Climate Action and Finance, Mark Carney
Posted: 03/06/2020
Accord Buy To Let has announced it is relaunching its product range at 80% loan-to-value (LTV) for both remortgage and house purchase landlords
Posted: 03/06/2020
Economic Secretary to the Treasury, John Glen, has suggested the Government stands ready to do “whatever is needed” to support the financial services industry and rebuild the UK economy following the impact of COVID-19
Posted: 03/06/2020
Card and contactless payments continued to increase in 2019, with card payments accounting for over half (51%) of all payments for the first time, according to the latest UK Payment Markets report from UK Finance
Posted: 03/06/2020
Almost six in 10 people have made changes to their savings habits as a result of coronavirus, according to new research from Aegon
Posted: 03/06/2020
Mortgage Brain has reported that the ESIS volumes produced by its sourcing systems have increased by 11.5% over the last week, continuing its recent resurgence
Posted: 03/06/2020
Zephyr Homeloans has launched a new range of buy-to-let (BTL) mortgage products offering up to 75% LTV
Posted: 03/06/2020
The Chartered Institute of Taxation (CIOT) has called on the Government to consider delaying changes to capital gains tax rules in relation to home sales, to take account of the impact of COVID-19 on the property market
Posted: 02/06/2020
Lenders have approved more than £31.3bn to 745,000 businesses through government-backed schemes so far, new figures published by the Treasury have revealed
Posted: 02/06/2020
Advisers are optimistic about the resilience of their business in light of COVID-19, according to research from Royal London
Posted: 02/06/2020
Tipton & Coseley Building Society has amended its lending criteria applicable to retired customers who are applying for one of the society’s later life mortgage products
Posted: 02/06/2020
The number of mortgage approvals for house purchase experienced a sharp fall during April to 15,800, a figure around 80% below the level recorded in February, new Bank of England (BoE) statistics have revealed
Posted: 02/06/2020
Lenders have issued 1.86 million mortgage payment holidays as of 28 May 2020, new figures from UK Finance have revealed
Posted: 02/06/2020
Hope Capital has announced the launch of a new product range that includes MINI, MIDI and MAXI loans to choose from
Posted: 02/06/2020
House prices in the UK have suffered the largest monthly fall since February 2009 and dropped by 1.7% during May, according to new data published by Nationwide
Posted: 02/06/2020
The FCA has confirmed the support that firms should provide mortgage customers who are either coming to the end of a mortgage payment holiday or who are yet to request one
Posted: 02/06/2020
More than three million people have reduced or completely stopped their pension payments as a result of the COVID-19 pandemic, new research has revealed
Posted: 01/06/2020
Homeowners that buy a property with an annex under the assumption they have purchased two properties and can therefore claim stamp duty relief may be left disappointed, according to Blick Rothenberg
Posted: 01/06/2020
Saffron Building Society has announced the launch of two new products in a first step towards offering green financing solutions to its customers
Posted: 01/06/2020
The Mortgage Lender has announced the reduction of completion fees on all buy-to-let (BTL) loans above £500,000 to 0.5% and to 0.75% for loans over £750,000
Posted: 01/06/2020
Landbay has announced the launch of a new product range with loan-to-values (LTVs) of up to 75%
Posted: 01/06/2020
Four in 10 businesses in the UK are planning to change their banking provider due to slow support that has been offered during the COVID-19 pandemic, research from Encompass Corporation has revealed
Posted: 01/06/2020
PRIMIS Mortgage Network has revealed that its product desk resolved a total of 4,641 inbound queries from brokers during March and April
Posted: 01/06/2020
Bluestone Mortgages has announced that it is recommencing new lending activity on all products across its residential and buy-to-let (BTL) ranges from today
Posted: 01/06/2020
The Chancellor has announced that a new and more flexible furlough scheme will be in place in the UK from 1 July and that the level of grant provided will slowly be tapered from August
Posted: 29/05/2020
Thirty-nine per cent of UK consumers have seen their income drop in the last month, according to a new international study from Yolt
Posted: 29/05/2020
UK Finance has confirmed its support for commercial landlord customers as part of the wider banking industry’s ongoing commitment to help business customers through the coronavirus pandemic
Posted: 29/05/2020
Mortgage intermediaries are remaining confident in their own business outlooks following the first quarter of 2020, according to new research published by the Intermediary Mortgage Lenders Association (IMLA)
Posted: 29/05/2020
Remortgage instruction volumes grew by 7.2% between the third and fourth weeks of May, delivering the highest activity levels since the UK went into lockdown, new analysis from Legal Marketing Services (LMS) has revealed
Posted: 29/05/2020
People facing temporary financial difficulties due to coronavirus have been granted almost 1.5 million payment holidays by lenders on their credit cards and personal loans, new UK Finance figures have revealed
Posted: 29/05/2020
iPipeline has announced that The Right Mortgage & Protection Network has adopted its document delivery and e-Sign solution, AlphaTrust, to automate its member firm registration process
Posted: 28/05/2020
Principality Building Society has reintroduced its Joint Borrower Sole Proprietor (JBSP) mortgage offering to the market
Posted: 28/05/2020
The Competition and Markets Authority (CMA) has revealed it secured more than £47m in refunds over the last two years for customers whose banks failed to properly warn them about unarranged overdraft charges
Posted: 28/05/2020
The Deposit Protection Service (The DPS) and safeagent have launched a new free, online course for landlords
Posted: 28/05/2020
Gatehouse Bank has introduced 75% Finance to Value (FTV) limits on its buy-to-let and home purchase plan products
Posted: 28/05/2020
Mortgage payment holidays could add debts totalling as much as £665.08 to a mortgage, according to analysis from money.co.uk and Koodoo
Posted: 28/05/2020
One Mortgage System (OMS) has announced a stage one integration with United Trust Bank (UTB) to offer brokers and networks quicker access to a wider range of specialist lending solutions
Posted: 28/05/2020
The Intermediary Mortgage Lenders Association (IMLA) has urged the Government to consider easing restrictions to help first-time homebuyers lead an economic recovery during the COVID-19 pandemic
Posted: 28/05/2020
Accord Mortgages has removed all property value restrictions and announced it is returning to its maximum loan size to £5m for residential and £1m for buy-to-let applications
Posted: 27/05/2020
Nationwide has announced it is reducing rates on several of its mortgage products by up to 0.25%
Posted: 27/05/2020
Lenders have approved £27.5bn to more than 650,000 businesses so far through the three major government-backed lending schemes, UK Finance has reported
Posted: 27/05/2020
Pent-up demand in the property market is now exceeding the levels recorded before the UK went into lockdown, new analysis from Zoopla has revealed
Posted: 27/05/2020
Knowledge Bank has announced a new partnership with specialist lender, Hodge, to provide brokers with comprehensive criteria sourcing of Hodge's product range on its own intermediary website
Posted: 27/05/2020
The British Business Bank has announced the approval of four new lenders for accreditation under the Coronavirus Business Interruption Loan Scheme (CBILS)
Posted: 27/05/2020
Mortgage Brain has reported that both the product numbers on the mortgage market and ESIS volumes produced from its sourcing systems have continued their recent improvement over the last week
Posted: 27/05/2020
Opportunistic criminals using COVID-19 to their advantage have now successfully scammed more than one in 10 UK consumers (12%), according to research by TransUnion
Posted: 26/05/2020
Intermediaries remain confident in the mortgage market’s prospects for the next 12 months despite the ongoing coronavirus crisis, according to research from Masthaven Bank
Posted: 26/05/2020
MCI Mortgage Club has announced the appointment of Melanie Spencer to lead the group following Phil Whitehouse’s decision to step down from his position as head
Posted: 26/05/2020
Many UK investors planning to buy or sell properties in 2020 have put their plans on hold as a result of COVID-19, according to new research published by FJP Investment
Posted: 26/05/2020
Leek United has launched a new residential affordability calculator to help brokers work out if their clients’ lending amount is affordable when applying for a mortgage
Posted: 26/05/2020
Aspen Bridging has revealed it is increasing its maximum LTV to 75% and raising its top loan amount to £3m
Posted: 26/05/2020
Nationwide has announced a new support package to help protect the homes and finances of members who have been affected by coronavirus
Posted: 26/05/2020
The total tax receipts taken by the Government in April plummeted by 42% compared to the same month last year, according to new analysis by AJ Bell
Posted: 22/05/2020
Accord Buy To Let has announced it is increasing its maximum LTV for remortgage customers to 75% and also re-introducing its house purchase products up to 75% LTV
Posted: 22/05/2020
Zephyr Homeloans has resumed physical valuations following the removal of the Government's restrictions on inspections
Posted: 22/05/2020
The number of over-55s accessing the wealth in their property via equity release increased in the first quarter of 2020, but they took out more modest sums than previously, new data published by Key has revealed
Posted: 22/05/2020
Homeowners struggling to pay their mortgage due to coronavirus will be able to extend their mortgage payment holiday for a further three months, according to new FCA proposals
Posted: 22/05/2020
Two in three individuals in the UK say that worrying about finances has a significant impact on their mental health, according to new research by Smarterly
Posted: 21/05/2020
The Financial Services Compensation Scheme (FSCS) has confirmed it will levy firms £649m during 2020/21
Posted: 21/05/2020
Chancellor, Rishi Sunak, is believed to be planning an extension to the scheme offering three-month mortgage payment holidays, according to reports
Posted: 21/05/2020
The provisional seasonally adjusted estimate of UK property transactions for April was 46,440 residential and 5,930 non-residential, new figures published by HMRC has revealed
Posted: 21/05/2020
The Personal Finance Society (PFS) has urged both the FCA and the Treasury to relieve the pressure on advisers seeking professional indemnity (PI) insurance in the midst of the COVID-19 pandemic
Posted: 21/05/2020
Remortgage instruction volumes returned to their level before lockdown thanks to a growth of 39.7% between the second and third weeks of May, new data from Legal Marketing Services (LMS) has revealed
Posted: 21/05/2020
Paradigm Mortgage Services has announced the addition of buy-to-let (BTL) and specialist lender, Paragon Bank, to its lender panel
Posted: 21/05/2020
More than £18m could be sitting in unused tax-free childcare accounts, according to a Freedom of Information (FOI) request by Royal London
Posted: 20/05/2020
Average house prices in the UK increased by 2.1% over the year to March, up from 2.0% in February, new data published by the Office for National Statistics (ONS) and the Land Registry has revealed
Posted: 20/05/2020
Accord Mortgages has announced it is accepting residential house purchase and remortgage applications up to 90% LTV
Posted: 20/05/2020
Consumer price inflation fell to 0.9% in April, down from 1.5% in March, data from the Office for National Statistics (ONS) has revealed
Posted: 20/05/2020
Mortgage Brain has reported increases in both the number of mortgage products on the market as well as the volume of ESIS produced from its own mortgage sourcing systems, each reaching their highest level since their post-pandemic lows
Posted: 20/05/2020
The UK Supreme Court has ruled that ATM facilities do not need to be assessed separately for business rates
Posted: 20/05/2020
A total 1.6 billion transactions were made on debit cards in February in the UK, a rise of 9.2% from the same month a year earlier, new UK Finance data has revealed
Posted: 20/05/2020
Aspen Bridging has been appointed to Beneficial network’s Specialist Mortgage Lender Panel with immediate effect
Posted: 20/05/2020
The banking and finance industry has approved more than £22bn in loans to 505,040 businesses so far through the three major government backed lending schemes, new figures published by the Treasury have revealed
Posted: 19/05/2020
Millions of savers in the UK are relying on “rainy day” funds to cope with the impact of coronavirus, according to research published by Scottish Friendly
Posted: 19/05/2020
West One Loans has confirmed it is relaunching the 70% LTV products from its buy-to-let (BTL) product range with immediate effect and that it will also be resuming physical valuations
Posted: 19/05/2020
Sixty-nine per cent of financial services businesses are considering automated chatbots to enhance their customer service propositions, according to research from Dock9
Posted: 19/05/2020
Leek United has announced the launch of two new fixed-rate mortgage products as it looks to respond to changes in the market
Posted: 19/05/2020
more2life has announced it will now offer its customers access to physical valuations, in line with the Government's safety guidelines on social distancing
Posted: 19/05/2020
VAS Panel has launched a new service that utilises its valuation panel management platform to provide property and development finance lenders with national coverage of monitoring surveyors throughout the country
Posted: 19/05/2020
OneSavings Bank (OSB) has launched a new product range across its three lending brands following news that physical valuations can take place in England
Posted: 19/05/2020
Tenet Group has announced a new partnership with Knowledge Bank to provide both its network members and directly authorised clients with access to Knowledge Bank’s mortgage criteria search system
Posted: 19/05/2020
Just Group has announced it is recommencing with physical valuations in England from today
Posted: 18/05/2020
Quilter has launched a new version of its employee mental health support programme, Thrive, for financial advisers in the UK and internationally at the start of Mental Health Awareness Week
Posted: 18/05/2020
Paradigm Consulting has announced a new strategic partnership with Mitigo Cybersecurity to provide its member firms with protection against cybercrime and business disruption
Posted: 18/05/2020
Mortgage Brain has reported that the pilot of its new multi-lender submission and application gateway, Lendex, is now live with several major lenders
Posted: 18/05/2020
Trussle has announced it saw mortgage enquiries plummet by 37% from March to April, just as the UK’s lockdown measures came into full effect
Posted: 18/05/2020
Twenty-nine per cent of Brits are now fearing an economic crash could hamper their retirement plans, according to a new survey from Sanlam
Posted: 18/05/2020
Foundation Home Loans has developed an online ‘Broker Hub’ to provide advisers with an additional resource to help them navigate the specialist mortgage market
Posted: 18/05/2020
Owners of newly formed limited companies are being warned that it is unlikely they are eligible for the Self Employed Income Support Scheme (SEISS) grant, even if HMRC tries to contact them
Posted: 15/05/2020
The number of remortgage products at 90% LTV has dropped from 189 in March to just 34, research from Defaqto has revealed
Posted: 15/05/2020
Seventy-seven per cent of brokers believe mortgage lending will recover to pre-coronavirus levels within nine months, according to new research published by Smart Money People
Posted: 15/05/2020
More than one in four business leaders admit they have no knowledge of recent changes to money laundering regulation and what they need to do to remain compliant, new research from SmartSearch has revealed
Posted: 15/05/2020
There were 13 second charge mortgage repossessions in the first quarter of 2020, a figure 45.8% lower than the first quarter of 2019, new figures released by the Finance & Leasing Association (FLA) have revealed
Posted: 14/05/2020
Foundation Home Loans has announced it is returning to new lending with the launch of a new set of both buy-to-let (BTL) and residential products, available to advisers and their clients from Monday 18 May
Posted: 14/05/2020
Fleet Mortgages has announced it has recommenced with physical valuations in England on its pipeline business, with new applications being processed as usual
Posted: 14/05/2020
The spread of COVID-19 into a global pandemic has resulted in one of the most significant economic events of our lifetimes...
Posted: 14/05/2020
Fifty-eight per cent of SMEs feel their banking provider has been slow to offer them help during the Covid-19 crisis, according to a survey conducted by the Lanop Accountancy Group
Posted: 14/05/2020
RICS has reported the indicators used to measure housing activity in the UK collapsed during April, reflecting the impact of lockdown on the housing market
Posted: 14/05/2020
Instruction volumes for remortgage dropped by 25.6% between the first and second weeks of May, according to new data released by Legal Marketing Services (LMS)
Posted: 14/05/2020
There were 72,380 homeowner mortgages in arrears of 2.5% or more of the outstanding balance during the first quarter of 2020, a figure 6% fewer than in the first quarter of last year, new UK Finance data has revealed
Posted: 14/05/2020
One Mortgage System (OMS) has announced a partnership with Uinsure to bolster its general insurance (GI) offering
Posted: 14/05/2020
Paragon Bank has announced it is launching a new range of two and five-year fixed rate deals at 70% LTV to strengthen its buy-to-let (BTL) product offering
Posted: 14/05/2020
The Conveyancing Association (CA) has announced its support for a cross-industry guide on reopening the housing market to help enable people to move home safely
Posted: 13/05/2020
Consumer demand for financial advice has risen during the Covid-19 crisis, according to new research from Quilter
Posted: 13/05/2020
Accord Mortgages has announced it is increasing its maximum LTV to 85% on residential purchase products and is also raising its maximum property value for residential lending from £1m to £2m
Posted: 13/05/2020
The UK GDP shrunk by 2% in the first quarter of 2020, signalling the first direct impacts of the Covid-19 pandemic on the economy, new data published by the Office for National Statistics (ONS) has revealed
Posted: 13/05/2020
Bluestone Mortgages has announced that it will be recommencing new lending activity from today
Posted: 13/05/2020
The Government has set out new plans to reopen the housing market and allow people to move home again
Posted: 13/05/2020
Mortgage Brain has reported the number of ESIS produced from its mortgage sourcing systems has increased for the second week in a row
Posted: 13/05/2020
TMA has revealed the average number of brokers who have attended its training sessions has increased by 129% during the coronavirus pandemic
Posted: 13/05/2020
The Conveyancing Association (CA) has urged the Government to extend its furlough scheme past October and consider a range of measures that could stimulate the housing market
Posted: 12/05/2020
Complete FS has announced the addition of bridging, development and buy-to-let (BTL) lender, Roma Finance, to its packager panel
Posted: 12/05/2020
The Low Incomes Tax Reform Group (LITRG) has raised concern that some people who are eligible to apply for the Government's Self-Employment Income Support Scheme (SEISS) grant have not received any correspondence from HMRC
Posted: 12/05/2020
The Government’s Coronavirus Job Retention Scheme (CJRS) will be extended to October, Chancellor Rishi Sunak has announced
Posted: 12/05/2020
The UK lockdown has driven a shift in consumer spending habits equivalent to an annual £12.9bn, according to a new report published by Legal & General, and economics consultancy, Cebr
Posted: 12/05/2020
“Covid-19: Temporary Maximum LTV Restrictions” was the most frequent criteria search across the residential, buy-to-let (BTL), second-charge, and bridging markets during April, according to new data released by Knowledge Bank
Posted: 12/05/2020
Nationwide has revealed it is using a virtual assistant, Arti, to answer questions about mortgage support for those impacted by coronavirus
Posted: 12/05/2020
Forty-seven per cent of adults in the UK aged between 55 and 64 didn’t know that deferring the State Pension would deliver a higher weekly guaranteed, inflation-linked pension when starting to claim their pension benefits, according to new research from Just Group
Posted: 11/05/2020
The total potential spend of all residential property buyers registered with Knight Frank in London was £52bn as of 5 May 2020, new data has revealed
Posted: 11/05/2020
One in five workers in the UK had no emergency cash fund prior to the Covid-19 lockdown, according to new research from AJ Bell
Posted: 11/05/2020
Mortgage Brain has announced it will be rolling out its affordability-based sourcing solution, Affordability Hub, following a successful pilot
Posted: 11/05/2020
Almost 700,000 customer accounts have been given a payment holiday on their credit card as of 30 April, UK Finance has revealed
Posted: 11/05/2020
Lendlord has announced a new partnership with Property Tribes to provide landlords with a comprehensive portfolio management product
Posted: 11/05/2020
Since the launch of the Help to Buy: ISA, there have been 304,048 property completions supported by the scheme, according to new figures published by the Treasury
Posted: 07/05/2020
House prices in April were 2.7% higher than in the same month a year earlier, figures published in the latest Halifax House Price Index have revealed
Posted: 07/05/2020
A total of £93m in new business was conducted in the second charge mortgage market during March, a 14% drop from a year ago, according to new data published by the Finance & Leasing Association (FLA)
Posted: 07/05/2020
The banking and finance sector has lent over £5.5bn to SMEs so far through the Coronavirus Business Interruption Loan Scheme (CBILS), new figures from UK Finance have revealed
Posted: 07/05/2020
Coronavirus could push the UK economy to its deepest recession on record, a new report published by the Bank of England (BoE) has revealed
Posted: 07/05/2020
Remortgage instruction volumes dropped by 23% between March and April, according to new data published by Legal Marketing Services (LMS)
Posted: 07/05/2020
A revaluation of business rates will no longer take place in 2021 to help reduce uncertainty for firms affected by the impacts of Covid-19, Communities Secretary, Robert Jenrick, has confirmed
Posted: 06/05/2020
Fifty-six per cent of the UK are yet to dip into their savings for rental or purchase deposits, according to new research by Ome, but the rental deposit scheme has suggested many of those that have been are struggling within the rental sector
Posted: 06/05/2020
The British Business Bank has announced it has approved nine new lenders for accreditation under the Coronavirus Business Interruption Loan Scheme (CBILS), bringing the total number of CBILS lenders over 60
Posted: 06/05/2020
More than 69,000 bounce back loans worth over £2bn have been approved during the first 24 hours of the government scheme, the Chancellor has announced
Posted: 06/05/2020
Mortgage Brain has revealed the number of ESIS produced from its mortgage sourcing systems increased last week for the first time in six weeks
Posted: 06/05/2020
Sesame Bankhall Group (SBG) has unveiled the launch of a new bounce back hub to help firms navigate towards a post-crisis market and emerge stronger from the coronavirus pandemic
Posted: 06/05/2020
Answers in Retirement Group (Air Group) has announced a new partnership with Knowledge Bank to create a ‘super software’ between its Air Sourcing platform for later life advisers, and Knowledge Bank’s mortgage criteria search tool
Posted: 06/05/2020
More than 32,000 businesses have received loans totalling over £1bn from Lloyds Banking Group under the Government’s new Bounce Back Loan Scheme
Posted: 05/05/2020
More than a third (35%) of women and a fifth (20%) of men over the age of 50 do not have a private pension, according to new research from SunLife
Posted: 05/05/2020
Paradigm Mortgage Services has announced a new partnership with MyGabriel Accounting Solution
Posted: 05/05/2020
The Personal Finance Society (PFS) has launched a financial education website to compliment its ‘My Personal Finance Skills’ pro-bono financial awareness programme
Posted: 05/05/2020
Onepm Finance has been approved for accreditation by the British Business Bank under the Coronavirus Business Interruption Loan Scheme (CBILS)
Posted: 05/05/2020
Click2Check has launched a new online solution for mortgage advisers to obtain credit scores, reports and bank statements in order to help pre-qualify clients
Posted: 05/05/2020
The Intermediary Mortgage Lenders Association (IMLA) has announced that TSB Bank has joined as the latest member of the trade body
Posted: 05/05/2020
SmartSearch has announced the addition of a new facial recognition feature to its digital anti-money-laundering (AML) platform
Posted: 05/05/2020
HMRC has announced it has started to contact customers who may be eligible for the government’s Self-Employment Income Support Scheme (SEISS)
Posted: 04/05/2020
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