Latest News
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Equity release lending set to hit record high
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Buy-now, pay-later debt bubble surpasses £4bn
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HSBC’s profits rise by 74%
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National Credit Awards 2021 – winners announced
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Significant majority of mortgage lenders lending to applicants with non-standard financial circumstances
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Nearly half of all savers now have enough cash to last six months - research
Archive News
The Financial Conduct Authority (FCA) has finalised the rules for its Long-term Asset Fund (LTAF) framework in an effort to encourage greater investment in long-term illiquid assets and generate better returns for pension savers
Posted: 26/10/2021
UK saving balances have reached record highs, despite the fixed rate market share continuing to shrink, CACI data analysed by Paragon Bank has revealed
Posted: 26/10/2021
Despite ongoing consumer concerns that only borrowers with straightforward incomes and perfect credit histories can access mortgage lending, latest research published today from the Intermediary Mortgage Lenders Association (IMLA), has found that a significant majority of mortgage lenders will lend to applicants with non-standard financial circumstances
Posted: 26/10/2021
An estimated eight million Brits have significant outstanding balances with buy-now, pay-later companies, as consumers continue to be drawn in by unregulated, interest-free borrowing, new research by Credit Karma has revealed
Posted: 26/10/2021
HSBC’s profits rose by 74% in Q3 due to economic stability
Posted: 25/10/2021
UK savers have poured cash into rainy day accounts with nearly half (48%) sitting on enough money to support themselves for at least six months, and 29% having saved enough to last more than a year, research from Investec has revealed
Posted: 25/10/2021
Fleet Mortgages has launched its first full buy-to-let product range funded by its new parent, Starling Bank
Posted: 25/10/2021
Homeowners are set to access more than £4bn of property wealth this year via equity release for the first time on record, new figures published by the Equity Release Council have revealed
Posted: 25/10/2021
Atom Bank has completed its fourth residential mortgage-backed securitisation (RMBS) valued at £367m
Posted: 22/10/2021
The winners of the National Credit Awards 2021 were announced last night at a gala ceremony in London
Posted: 22/10/2021
Leeds Building Society has become the latest lender to go live on Mortgage Brain’s multi-lender application and submission gateway, Submissions Brain
Posted: 21/10/2021
September saw the number of residential property transactions in the UK climb by 59.7% from August’s total, according to figures published by HMRC
Posted: 21/10/2021
Receipts for inheritance tax (IHT) between April and September this year totalled £3.1bn, new HMRC figures have revealed
Posted: 21/10/2021
Legal & General Mortgage Club has announced a new product launch with Melton Building Society
Posted: 21/10/2021
One Mortgage System (OMS) has completed a full application programming interface (API) integration with West One Loans for its second charge business
Posted: 21/10/2021
The average UK house price increased by 10.6% over the year to August, a figure up from 8.5% annual growth in July, new figures from the Office for National Statistics (ONS) have revealed
Posted: 20/10/2021
The UK state pension is set to increase by 3.1% in 2022/23, in line with September’s Consumer Prices Index (CPI) inflation figure published today by the Office for National Statistics (ONS)
Posted: 20/10/2021
Mortgage affordability hit a 2021 high in September, with the average maximum loan size available up by nearly 10% compared to the start of the year, new findings from Mortgage Broker Tools (MBT) have revealed
Posted: 20/10/2021
Over-65s have seen their property wealth increase by more than £800 a month in the past six months, according to new research from Key
Posted: 20/10/2021
LiveMore Capital has announced a new partnership with specialist broker group, Blueberry Specialist Lending
Posted: 20/10/2021
Cambridge Building Society has relaunched its buy-to-let (BTL) ‘top slicing’ proposition, enabling landlords to top up rental shortfall from other earnings
Posted: 19/10/2021
More than one in 10 people (12%) over the age of 75, a figure equating to around 695,000 people, have not yet made a will, new research has found
Posted: 19/10/2021
A change to inheritance tax (IHT) treatment of pensions is topping the list of concerns among pension investors ahead of the Chancellor’s Autumn Budget next week
Posted: 19/10/2021
There are currently around 900 lenders in the UK covering an array of finance options, according to research by Pitch 4 Finance
Posted: 19/10/2021
Hinckley & Rugby Building Society has become the first regional society to go live on Mortgage Brain’s multi-lender application and submission gateway, Submissions Brain
Posted: 19/10/2021
Paradigm Mortgage Services has added Dudley Building Society to its lender panel
Posted: 19/10/2021
Independent Wealth Planners (IWP) has announced the acquisition of financial planning firm, Acuity Wealth Management (AWM)
Posted: 18/10/2021
One in ten (10%) UK parents over 55 are no longer planning to pass on wealth to their children after realising how much their cost of care in the future could be, new research from Killik & Co has found
Posted: 18/10/2021
The Mortgage Awards 2022 are now open to entries from mortgage lenders and providers serving clients in the UK
Posted: 18/10/2021
TMA Club has announced two exclusive holiday let products from West One for its directly authorised (DA) brokers
Posted: 18/10/2021
MPowered Mortgages has announced that it has joined the Abacus Funding lender panel
Posted: 18/10/2021
BuildLoan has announced the launch of two new self-build mortgage products in conjunction with Buckinghamshire Building Society
Posted: 18/10/2021
The national roll-out of the new £100 spending limit for contactless card payments will begin across the UK today
Posted: 15/10/2021
Demand for capital raising mortgage options remained high through August and September, according to new data from Legal & General Mortgage Club’s SmartrCriteria tool
Posted: 15/10/2021
The Conveyancing Association has announced the appointment of SDLT Compass as a new affiliate member
Posted: 15/10/2021
Foundation Home Loans has announced the launch of a set of new green fixed rate products for both buy-to-let (BTL) and owner-occupied mortgages
Posted: 15/10/2021
Specialist Hub has announced the launch of its packaging service to the market
Posted: 15/10/2021
Subscription loan provider, Creditspring, has launched a new credit builder product that helps members gradually improve their credit score without running the risk of incurring further debt.
Posted: 14/10/2021
KSEYE has launched a new range of hybrid buy-to-let (BTL) finance products for property investors in England and Wales
Posted: 14/10/2021
Rents on detached homes increased twice as fast as the average for all UK properties during the third quarter, according to The Deposit Protection Service (The DPS)
Posted: 14/10/2021
Lenders have reported that the availability of secured credit to households increased in the three months to the end of August, findings from the Bank of England (BoE) have revealed
Posted: 14/10/2021
Almost three-quarters (74%) of UK adults have not taken any steps to reduce their inheritance tax (IHT) liability, a new study has found
Posted: 14/10/2021
Vida has made several rate reductions to its limited edition buy-to-let (BTL) products
Posted: 14/10/2021
TMA Club has announced the addition of Mercantile Trust to its lender panel
Posted: 14/10/2021
The FCA has issued new guidance to firms across the financial services sector who are operating a remote or hybrid working model
Posted: 13/10/2021
Mansfield Building Society has announced that its criteria is returning to pre-pandemic policy
Posted: 13/10/2021
Rental yields across England and Wales saw a 0.7% rise in Q3 compared to Q2, according to new data from Fleet Mortgages
Posted: 13/10/2021
The UK GDP is estimated to have grown by 0.4% in August but still remains 0.8% below its pre-pandemic level from February 2020, new figures published by the Office for National (ONS) have revealed
Posted: 13/10/2021
Rising house prices have pushed back the time to purchase a home for first-time buyers by more than five years, according to new analysis from Wayhome
Posted: 13/10/2021
Hanley Economic Building Society has enhanced its residential mortgage range by launching a two-year 95% LTV fixed rate shared ownership mortgage and a two-year 95% LTV fixed rate mortgage
Posted: 13/10/2021
Pepper Money has announced increased LTVs, improved criteria and rate reductions across its residential mortgage range
Posted: 13/10/2021
Market Financial Solutions (MFS) has announced it is soft launching a new buy-to-let (BTL) proposition, which is being tested through a small number of brokers ahead of a wider launch in 2022
Posted: 12/10/2021
Over 80% of independent financial advisers (IFAs) have a positive view about the importance of ESG in portfolio construction, according to a new study by Foresight Group LLP
Posted: 12/10/2021
Annual house price growth across homes in England and Wales has now slowed to 3.6%, according to the latest e.surv Acadata House Price Index
Posted: 12/10/2021
More than a quarter of adults (26%) have at least one pension pot of less than £5,000, while 15% do not know if they have one or not, a new Aegon study has found
Posted: 12/10/2021
This year’s announcements of tax rises will increase the UK’s tax take to its highest sustained level in peacetime, a report from the Institute for Fiscal Studies (IFS) has highlighted, with spending to settle at 42% of national income
Posted: 12/10/2021
The cost of stamp duty has increased by 490% for the average homebuyer in the last 25 years, a new study has found
Posted: 12/10/2021
One in five landlords have used a credit card or other short-term finance product in order to fund a recent refurbishment, new research by Shawbrook Bank has revealed
Posted: 12/10/2021
South West England, the South East and London account for almost half (46%) of all equity release cases, new research published by more2life has revealed
Posted: 11/10/2021
Mortgage application volumes climbed by 17% in September this year in comparison to figures from September 2019, before the stamp duty holiday was in effect
Posted: 11/10/2021
The majority of large UK pension schemes have failed to act on climate ahead of COP26, according to research from Make My Money Matter, with 71 of 100 major schemes yet to make robust net zero commitments
Posted: 11/10/2021
Brokers are working with a significant number of self-employed borrowers with just one year’s worth of accounts, new research from Knowledge Bank has revealed
Posted: 11/10/2021
New business conducted across the consumer finance grew by 13% in August compared to the same month last year, new figures published by the Finance & Leasing Association (FLA) have revealed
Posted: 11/10/2021
Seven businesses from the mortgage industry have joined together to launch the Mortgage Industry Mental Health Charter (MIMHC)
Posted: 11/10/2021
Vernon Building Society has added five new buy-to-let (BTL) mortgages to its existing range of landlord products
Posted: 11/10/2021
More than two in five (42%) financial advisers would say younger family members have influenced their clients towards sustainable investing, new research from Prudential has found
Posted: 08/10/2021
Over one in five (23%) people in the UK feel financially worse off than when the pandemic began, with two in three (68%) suggesting it has negatively impacted their mental health, new research has found
Posted: 08/10/2021
Pepper Money has expanded its limited edition residential product range, which is now available up to 85% LTV
Posted: 08/10/2021
The winners of the MoneyAge Awards 2021 were announced last night at a gala ceremony in London
Posted: 08/10/2021
NatWest has today entered guilty pleas to criminal charges brought by the FCA under the Money Laundering Regulations 2007 (MLR 2007)
Posted: 07/10/2021
UK house prices climbed by 1.7% in September as the stamp duty holiday drew to a close
Posted: 07/10/2021
The Nottingham has cut rates on its three retirement interest-only (RIO) products
Posted: 07/10/2021
Just Group has completed a buy-out deal with the Miracle Garden Care Pension Scheme
Posted: 07/10/2021
Mortgage Broker Tools (MBT) has announced the addition of Octane Capital to the buy-to-let (BTL) panel on its MBT Affordability research platform
Posted: 07/10/2021
Scepticism surrounding greenwashing and the validity of ESG and ethical investments is on the rise among UK consumers, according to a new study by Triodos Bank UK
Posted: 06/10/2021
Darlington Building Society has announced a new fintech investment which will see the society upgrade its digital banking offering
Posted: 06/10/2021
A private renter on an average income is spending 23% of their income on the average rented home in England, according to new data published by the Office for National Statistics
Posted: 06/10/2021
Financial support consultancy, Paradigm Consulting, has announced it is expanding its ‘Agency’ proposition to assist advisory firms with their sale and acquisition transaction needs
Posted: 06/10/2021
Parents saving for their children in junior cash ISAs have missed out on up to £13.5bn in potential returns over the past decade, a new study has found
Posted: 06/10/2021
Financial advice and investment network, The Openwork Partnership, has announced the appointment of Frank Meere as its new chief operating officer
Posted: 06/10/2021
CHL Mortgages has announced a new partnership with Mortgage Intelligence
Posted: 06/10/2021
Forty-four per cent of UK investors are currently planning to expand their property portfolio in the coming year, a new study has found
Posted: 05/10/2021
Yorkshire Building Society has added its lowest ever tracker mortgage rate to its range
Posted: 05/10/2021
Twenty7Tec has suggested the mortgage market is returning to its “long-term norm”, after reporting a climb in remortgage searches across the mortgage market in September
Posted: 05/10/2021
More than half (53%) of women are planning on leaving an inheritance but a lack of financial planning means many are at risk of paying too much inheritance tax (IHT), new research has found
Posted: 05/10/2021
Buckinghamshire Building Society has expanded its portfolio of mortgage products to support borrowers with adverse and impaired credit
Posted: 05/10/2021
Brilliant Solutions has announced the addition of Selina Finance to its panel
Posted: 05/10/2021
One in three UK investors (33%) has seen the value of their portfolio fall during the pandemic, a study by Butterfield has found
Posted: 05/10/2021
Nationwide has become the first major lender to sign up to the ‘Deposit Unlock’ mortgage indemnity scheme
Posted: 04/10/2021
Halifax Intermediaries has become the latest lender to join Mortgage Brain’s new multi-lender application and submission gateway, Submissions Brain
Posted: 04/10/2021
eConveyancer has launched a new panel management partnership with specialist mortgage broker, Haysto
Posted: 04/10/2021
HUB Financial Solutions has signed an equity release referral partnership with financial adviser support group, Tenet
Posted: 04/10/2021
Stamp duty Land Tax (SDLT) receipts have fallen by 25% between the 2019/20 and 2020/21 tax years, new HMRC figures have revealed
Posted: 01/10/2021
Legal & General Mortgage Club has announced it is to offer an API-driven WordPress integration to mortgage advice firms
Posted: 01/10/2021
The cost of pensions tax relief increased by £4.4bn to £41.3bn between 2017/18 and 2019/20, figures from HMRC have revealed
Posted: 01/10/2021
360 Dotnet has introduced identity verification and anti-money laundering (AML) checks to its 360 Lifecycle system through a new partnership with digital identity expert, GBG
Posted: 01/10/2021
Foundation Home Loans has launched new buy-to-let (BTL) limited edition options with both no-fee and flat-fee options
Posted: 30/09/2021
Annual house price growth has eased back to 10.0% in September, according to the latest Nationwide House Price Index
Posted: 30/09/2021
Market Financial Solutions (MFS) has lowered rates across a range of its bridging and commercial products
Posted: 30/09/2021
Almost 500,000 homebuyers across England are set to have saved over £3bn in Stamp Duty Land Tax (SDLT) as a result of the stamp duty holiday, new analysis from GetAgent has revealed
Posted: 30/09/2021
Principality Building Society has announced a new partnership with protection specialist, Vita
Posted: 30/09/2021
The Asset Management Awards 2022 is now open for entries to firms in the institutional and retail asset management spaces
Posted: 29/09/2021
Legal & General has added a new buy-to-let (BTL) module to its SmartrFit platform
Posted: 29/09/2021
Halifax and the Bank of Scotland have been awarded a mental health accreditation for businesses by the Money and Mental Health Policy Institute
Posted: 29/09/2021
Individuals across the UK borrowed a net £5.3bn of mortgage debt in August, new figures published by the Bank of England (BoE) have revealed
Posted: 29/09/2021
The ‘Bank of Gran and Grandad’ has gifted more than £437.3m during the stamp duty holiday, new research published by Key has found
Posted: 29/09/2021
MCI mortgage club has announced that the bridging and buy-to-let (BTL) divisions of West One Loans have joined its lender panel
Posted: 29/09/2021
Families in the UK could have an opportunity to reclaim thousands of pounds in inheritance tax (IHT) from falling property prices brought about by the end of the stamp duty holiday
Posted: 28/09/2021
Forty-four per cent of currently furloughed adults have borrowed or considered borrowing money on credit cards throughout the pandemic, according to a new Canada Life study
Posted: 28/09/2021
Just Mortgages has announced it is to bring 120 new brokers into the mortgage industry over the next 12 months
Posted: 28/09/2021
One in eight (12%) adults around the UK are now valuing professional financial advice more, a new study by The Openwork Partnership has found
Posted: 28/09/2021
Almost half (48%) of regulated firms in the UK have reported a rise in financial crime attempts over the past 12 months, according to new research by SmartSearch
Posted: 28/09/2021
Almost one in six people (16%) say the pandemic has convinced them to retire earlier voluntarily, a study from Key has found, with 8% saying they have been forced to stop work earlier than they intended
Posted: 27/09/2021
Homes with the highest energy ratings are worth up to £40,000 more on average compared to less sustainable properties, new research from Halifax has revealed
Posted: 27/09/2021
Paradigm Mortgage Services has announced the addition of United Trust Bank (UTB) to its lender panel
Posted: 27/09/2021
Confusion over the destiny of family wealth is currently being driven by “money taboos”, according to Netwealth
Posted: 27/09/2021
Nationwide has launched a new service to help protect its members from falling victim to authorised push payment (APP) scams
Posted: 27/09/2021
Around 2.6 million UK adults have been scammed online since the first COVID-19 lockdown in March 2020, a study by the Chartered Trading Standards Institute (CTSI) revealed
Posted: 24/09/2021
Bridging lender, KSEYE, has completed a loan worth £850,000 in less than 24 hours to enable a client to complete the purchase of a commercial property in London
Posted: 24/09/2021
West One Loans has confirmed it has been appointed to the PRIMIS Mortgage Network panel
Posted: 24/09/2021
Total mortgage capital repayments have risen by 20% year-on-year to take the total amount of debt repaid in the first half of 2021 to £38bn, a new report from the Equity Release Council has revealed
Posted: 24/09/2021
Masthaven Bank has announced that the minimum loan amount on its bridging, specialist bridging and refurbishment products has been reduced from £300,000 to £200,000
Posted: 24/09/2021
West One Loans has launched a new environmental initiative to fund sustainable projects with carbon reduction measures
Posted: 23/09/2021
Almost half (46%) of currently furloughed workers have changed their retirement plans since the government scheme was launched, new research from Canada Life has revealed
Posted: 23/09/2021
Around 1.5 million widows in the UK aged 55 and over say they have lost out on pension income in later life following the death of their partner, new research has revealed
Posted: 23/09/2021
Legal & General Mortgage Club has announced two new semi-exclusive, buy-to-let (BTL) mortgage products for its members which will be available from Landbay
Posted: 23/09/2021
The amount of time to sell a home across England increased by over two weeks during the first half of this year and in the run-up to the initial stamp duty deadline, new research from GetAgent has revealed
Posted: 23/09/2021
Recognise Bank has announced it is entering the personal savings market with the launch of a range of fixed rate and notice accounts
Posted: 23/09/2021
One Mortgage System (OMS) has announced a new integration with mortgage and protection network, JLM Mortgage Services
Posted: 23/09/2021
Two thirds of UK landlords allowed flexibility on rental payments during the pandemic, although the majority are planning to increase rents in the coming year, new research from Market Financial Solutions (MFS) has found
Posted: 22/09/2021
More than four in five adults (81%) would say the quality of the online experience determines who they bank with, according to new research into post-pandemic digital banking trends from MagiClick
Posted: 22/09/2021
A total £753.9m was stolen through fraud in the first half of 2021, an increase of 30% compared to the same period last year, according to new UK Finance figures
Posted: 22/09/2021
Around 134,000 pensioners have been underpaid more than £1bn in state pensions, a new report from the National Audit Office (NAO) has found
Posted: 22/09/2021
Lending across the second charge market totalled £95.6m in August, new figures published by Loans Warehouse have revealed
Posted: 22/09/2021
Paradigm Mortgage Services has announced the addition of Castle Trust Bank to its lender panel
Posted: 22/09/2021
Mortgage brokers are losing out on more than £35m worth of procurement fee income each year as a result of missing out on the best affordability options for their clients
Posted: 22/09/2021
Ipswich Building Society has announced its return to the shared ownership mortgage market
Posted: 21/09/2021
HMRC has confirmed it cannot tell how many individuals have paid pension contributions above the money purchase annual allowance (MPAA), and as a result had to pay an additional tax charge, according to a Freedom of Information (FOI) request from Aegon
Posted: 21/09/2021
Mortgage Business Expo (MBE) has announced that the Financial Intermediary and Broker Association (FIBA) will partner MBE London to create The Specialist Property Finance Club at its coming show
Posted: 21/09/2021
Debit and credit card transactions made up more than four in every five pounds spent in 2020, according to new data published by the British Retail Consortium (BRC)
Posted: 21/09/2021
August saw a 20.8% annual rise in the number of residential property transactions, new HMRC figures have revealed
Posted: 21/09/2021
Receipts for inheritance tax (IHT) have risen by £0.7bn year-on-year, according to new data published by HMRC
Posted: 21/09/2021
Broker queries relating to adverse credit dominated PRIMIS Mortgage Network’s product desk during August
Posted: 21/09/2021
Just Group has completed a buy-in transaction for the trustees of the Keysight Technologies UK Limited Retirement Benefits Plan
Posted: 21/09/2021
The national average price of property coming to market has reached a new all-time high after rising by 0.3% this month, new data from Rightmove has revealed
Posted: 20/09/2021
Recognise Bank has announced the removal of deposit restrictions by the Prudential Regulation Authority (PRA), making it one of only a handful of banks to receive full authorisation without restrictions since the start of the pandemic
Posted: 20/09/2021
The Right Mortgage and Protection Network has launched a new training hub for advisers
Posted: 20/09/2021
The Liberal Democrats have accused Home Secretary, Priti Patel, of being “asleep at the wheel” in the fight against fraud
Posted: 20/09/2021
Buckinghamshire Building Society has launched a series of new mortgage products in response to changing market conditions as a result of the pandemic
Posted: 20/09/2021
The average savings balance now stands at a record £12,077 as UK bank balances have continued to grow throughout the pandemic
Posted: 20/09/2021
TSB has been announced as the latest lender to go live on Mortgage Brain’s new Submissions Brain platform
Posted: 20/09/2021
Nationwide has announced it is reducing its two and three-year fixed rates between 75% and 95% LTV by up to 0.17 percentage points
Posted: 17/09/2021
UK Finance and the Building Societies Association (BSA) are calling for changes to be made to the Support for Mortgage Interest (SMI) scheme, to help struggling homeowners as the furlough scheme draws to a close
Posted: 17/09/2021
The percentage of credit card accounts missing payments increased by 3.2% in July, according to FICO’s latest UK Credit Market Report
Posted: 17/09/2021
Whole of market mortgage research has become more vital as rising property prices present fewer affordable loan options, research from Mortgage Broker Tools has suggested
Posted: 17/09/2021
The Financial Intermediary and Broker Association (FIBA) has announced the appointment of Whitehall Capital to its short-term bridging lender panel
Posted: 17/09/2021
The Financial Conduct Authority (FCA) and The Pensions Regulator (TPR) have outlined a new framework for measuring value for money in defined contribution (DC) pension schemes
Posted: 16/09/2021
Almost one in five landlords (17%) have experienced rental arrears as a result of the pandemic, a study by Sequre Property Investment has found
Posted: 16/09/2021
A total 1.8 billion debit and credit card transactions were made in the UK during June, a rise of 42.4% compared to June 2020
Posted: 16/09/2021
The overall UK tax gap in the 2019/20 tax year had a value of £35bn, new HMRC figures have revealed
Posted: 16/09/2021
The stamp duty holiday has increased the price of a first-time buyer home by an average 11.7% in England, according to new research published by GetAgent
Posted: 16/09/2021
United Trust Bank (UTB) has increased its maximum residential first charge mortgage size to £750,000 with immediate effect
Posted: 16/09/2021
Yorkshire Building Society has announced it is reducing rates across selected products in all of its LTV ranges
Posted: 16/09/2021
Average house prices in Scotland reached a new record level during July, the latest Walker Fraser Steele Acadata House Price Index (Scotland) has revealed
Posted: 15/09/2021
The pandemic has created a surge in over-50s seeking professional financial advice, according to new research from Scottish Widows
Posted: 15/09/2021
Just Wealth has launched a training programme to support its self-employed advisers’ knowledge of environmental, social and governance (ESG) investing
Posted: 15/09/2021
Annual UK house price growth slowed to 8.0% in July, according to the latest Office for National Statistics (ONS) House Price Index
Posted: 15/09/2021
The FCA has unveiled a new strategy to tackle consumer investment harm and confirmed it will publish metrics to assess whether the new plans are being met
Posted: 15/09/2021
Over-50s workers in the UK could have a collective £5.3bn hole in their pension pots due to cutbacks on retirement savings over the course of the pandemic, new research from Legal & General Retail Retirement (LGRR) has revealed
Posted: 15/09/2021
PMS Mortgage Club, part of Sesame Bankhall Group, has announced a new partnership with Key Group
Posted: 15/09/2021
Trussle has announced a new “mortgage speed promise” to its customers that will see advice offered within 24 hours, and a mortgage decision within five days
Posted: 14/09/2021
Around £246.5bn is currently sitting in UK savings accounts paying no interest at all, according to new findings from Hargreaves Lansdown
Posted: 14/09/2021
Standard Life has entered into a new strategic agreement with Key Group in a move that will see the launch of a lifetime mortgage range branded Standard Life Home Finance
Posted: 14/09/2021
The outstanding value of all residential mortgage loans across the UK has risen by 4.6% in the last year, new figures published by the Bank of England (BoE) have revealed
Posted: 14/09/2021
More than one in three people aged between 50 and the state pension age of 66 would consider taking their pension early at a lower rate if the option was offered, new research from AJ Bell has found
Posted: 14/09/2021
The remortgage market experienced an “overwhelmingly healthy” second quarter, according to new research published by LMS
Posted: 14/09/2021
TMA Club has announced a new partnership with Market Harborough Building Society
Posted: 14/09/2021
SmartSearch has warned that UK businesses could be at risk of being “caught out” should the government decide to implement a winter lockdown
Posted: 14/09/2021
Castle Trust Bank has simplified its range of HMO and holiday let mortgages as part of a wider overhaul of its specialist buy-to-let (BTL) offering
Posted: 13/09/2021
Pepper Money has introduced the use of automated valuations (AVMs) on its residential remortgages
Posted: 13/09/2021
The three months to the end of August have seen a rise in the volume of second charge mortgage lending to borrowers with prime credit ratings, according to new research published by Evolution Money
Posted: 13/09/2021
The number of impersonation scam cases has more than doubled in the first half of 2021 to 33,115, new figures from UK Finance have revealed
Posted: 13/09/2021
More than 6,000 estates have paid inheritance tax (IHT) on life insurance policies which could have been excluded if their policy was written into a trust, according to HMRC data
Posted: 13/09/2021
The number of workers delaying retirement due to the impact of the pandemic has increased to 29%, according to new research published by Fidelity International
Posted: 13/09/2021
Newcastle Intermediaries has expanded its large loan range and increased its maximum loan amount to £2m
Posted: 13/09/2021
A new guide has been launched to help support financial advisers when talking about suicide-related issues with their clients
Posted: 10/09/2021
UK GDP growth is estimated to have slowed to 0.1% in July, new data published by the Office for National Statistics (ONS) has revealed
Posted: 10/09/2021
Financial services digital agency, Dock9, has announced it will now be known as MagiClick in the UK
Posted: 10/09/2021
The Mortgage Lender (TML) has added houses of multiple occupation (HMO) and multi-unit blocks (MUB) to its limited edition buy-to-let (BTL) proposition
Posted: 10/09/2021
Gross lending to UK SMEs fell to £5.2bn in the second quarter, down from £7.6bn in Q1 2021, new figures published by UK Finance have revealed
Posted: 09/09/2021
Guardian Financial Services has announced it is joining Mortgage Intelligence’s protection panel
Posted: 09/09/2021
The FCA has drafted guidance on a new power that would allow the regulator to remove regulatory permissions that are no longer being used by financial services firms more quickly
Posted: 09/09/2021
New business across the consumer finance sector grew by 2% in July compared with the same month in 2020, according to new figures published by the Finance & Leasing Association (FLA)
Posted: 09/09/2021
Foundation Home Loans has announced it is launching new limited edition owner-occupier remortgage products with no fees
Posted: 09/09/2021
Property agents reported another fall in new homes being listed on the market during August as well as a drop in sales, as the stamp duty holiday continues to be tapered out
Posted: 09/09/2021
Tenet Network Services has announced the addition of Habito to its lender panel, in a move to gain access to its range of buy-to-let (BTL) mortgage products
Posted: 09/09/2021
House prices across England and Wales saw a 1.4% monthly drop in August, according to the latest e.surv Acadata House Price Index
Posted: 08/09/2021
A significant number of borrowers may end up paying their mortgage into retirement as rising house prices cause them to elongate their mortgage terms, according to new research from Knowledge Bank
Posted: 08/09/2021
Buckinghamshire Building Society has partnered with Air Group to launch an exclusive four-year fixed rate later life mortgage product for borrowers over the age of 50
Posted: 08/09/2021
Plans for a new UK-wide No Interest Loan Scheme (NILS) pilot have been announced by a group of non-profit organisations
Posted: 08/09/2021
More than 11.6 million people in the UK have received an inheritance in the past 10 years, new findings from Key have revealed
Posted: 08/09/2021
The average borrowed amount by those with mortgages has “soared” during the pandemic, according to research by Trussle
Posted: 08/09/2021
The proportion of property transactions accounted for by the new-build sector hit its lowest level in a decade in 2020, research from Warwick Estates has found
Posted: 08/09/2021
The Cambridge Building Society has announced the launch of two new self-employed mortgage products to help workers who have started a business during the pandemic
Posted: 08/09/2021
The government has confirmed it is scrapping the earnings element of the pensions triple lock
Posted: 07/09/2021
Investors and self-employed workers are expected to collectively pay £600m more in tax as a result of the government’s 1.25% divided tax hike
Posted: 07/09/2021
Enra Specialist Finance has launched a new underwriting and case management system for its bridging finance product
Posted: 07/09/2021
The majority of self-employed people in the UK have received no government support to help them through the pandemic, according to research from The Mortgage Lender (TML)
Posted: 07/09/2021
More than £32m of fraud has been prevented by the finance industry and the police through the Banking Protocol scheme in the first half of 2021, new UK Finance figures have revealed
Posted: 07/09/2021
The pace of annual house price growth slowed to 7.1% in August, according to the latest Halifax House Price Index
Posted: 07/09/2021
Legal & General Mortgage Club has announced the appointment of Aviva to its lender panel
Posted: 07/09/2021
The Financial Intermediary and Broker Association (FIBA) has announced that FutureBricks has become its latest lender partner
Posted: 07/09/2021
The Treasury Committee has called on Rishi Sunak to temporarily suspend the earnings element of the pensions triple lock
Posted: 06/09/2021
Four out of five (81%) homebuyers are confident they won’t see a drop in the value of their home despite the looming final stamp duty deadline, according to a study from Barrows and Forrester
Posted: 06/09/2021
Almost half (46%) of retirees across the UK don’t have enough money in emergency savings, according to new research by Focaldata
Posted: 06/09/2021
Just 15% of working age people believe that the government’s mortgage guarantee scheme could apply to them, a new study has revealed
Posted: 06/09/2021
Zephyr Homeloans has announced several rate reductions across its mortgage products
Posted: 06/09/2021
VIBE Specialist Finance has launched a new regulated mortgage and protection division to complement its existing specialist finance arm
Posted: 06/09/2021
Pension Wise may face capacity challenges to cope with a surge of new “stronger nudges”, Aegon has stated
Posted: 03/09/2021
There is an estimated £50m worth of loose change currently sitting in UK homes, according to new figures from UK Finance
Posted: 03/09/2021
The Right Mortgage Network has launched a new vulnerability hub aimed at prioritising vulnerability as a focus topic for advisers
Posted: 03/09/2021
Paradigm Mortgage Services has entered into a referral partnership with HUB Financial Solutions
Posted: 03/09/2021
CHL Mortgages has announced the addition of mortgage, protection and investment network, In Partnership, to its distribution panel
Posted: 03/09/2021
The accounting deficit of defined benefit (DB) pension schemes across the UK’s 350 largest listed companies increased by £2bn during August, according to Mercer’s latest Pensions Risk Survey data
Posted: 02/09/2021
Phoenix Group has purchased a portfolio of equity release mortgages from Just Retirement Limited in a deal worth £300m
Posted: 02/09/2021
The number of people saving into a workplace pension scheme has remained stable through the pandemic, new government figures have revealed
Posted: 02/09/2021
Mortgage Broker Tools (MBT) has integrated its MBT Affordability research platform with fintech mortgage lender, Proportunity
Posted: 02/09/2021
The second quarter of 2021 saw the highest quarterly levels of homeowner purchase activity in 13 years, according to a new report published by UK Finance
Posted: 02/09/2021
West One Loans’ buy-to-let (BTL) division has announced new changes to its products and criteria in response to strong demand across the BTL market
Posted: 02/09/2021
A Shade Greener (ASG) Finance has been announced as the latest lender to join the Association of Short Term Lenders (ASTL)
Posted: 02/09/2021
Specialist property lender, Castle Trust Bank, has agreed a £13.2m development loan with Laner Ltd for a commercial and residential development in Dagenham
Posted: 01/09/2021
The Bank of England (BoE) has announced the appointment of Huw Pill as chief economist and executive director for monetary analysis
Posted: 01/09/2021
A move to allow individuals to take their state pension earlier than the age of 66 would have to be subject to a reduction in its weekly amount to make it “financially fair”, Aegon has stated
Posted: 01/09/2021
Independent Wealth Planners (IWP) has announced the acquisition of Encompass Financial Management
Posted: 01/09/2021
Annual house price growth jumped to 11.0% in August from 10.5% in July, the latest Nationwide House Price Index has revealed
Posted: 01/09/2021
Over-55s taking advantage of the stamp duty holiday have driven a 116% year-on-year increase in the number of people using equity release for property purchase, according to new data from more2life
Posted: 01/09/2021
Ipswich Building Society is adopting a hybrid business development model that will see the society blend face-to-face contact with video meetings, webinars and pre-records where appropriate
Posted: 01/09/2021
Masthaven Bank has announced that Shelley Connelly will now oversee short-term lending at the bank
Posted: 31/08/2021
Almost 400,000 UK property transactions have been down valued in the last year alone, new estimates from Benham and Reeves have revealed
Posted: 31/08/2021
Consumers are currently facing a £371bn savings shortfall when it comes to feeling able to withstand a financial shock, a new report from Yorkshire Building Society has revealed
Posted: 31/08/2021
Individuals repaid £1.4bn of mortgage debt on net in July following a record net borrowing in June of £17.7bn, new figures published by the Bank of England (BoE) have revealed
Posted: 31/08/2021
More than two thirds (69%) of wealth managers have added new asset classes for their clients within the last three years, while 52% have stated they will do in the next two years, according to a new study from bfinance
Posted: 31/08/2021
Almost eight in 10 (78%) UK SMEs are either “confident” or “very confident” their business will experience a boost in trade over the next three months now that most pandemic restrictions have eased, a new study from Recognise Bank has found
Posted: 31/08/2021
The contactless card limit is set to increase to £100 from 15 October
Posted: 27/08/2021
Specialist equity release and lifetime mortgage broker, KIS Finance, has seen enquiries for equity release increase by 110% when comparing the first half of 2019 to the first half of 2021
Posted: 27/08/2021
Paragon Bank is targeting a top-of-the-market position with its 1 Year Fixed Rate ISA after increasing the rate to 0.80%
Posted: 27/08/2021
Gatehouse Bank has extended its range of Green Saver accounts, with the introduction of an 18 month and a 4-year fixed term account
Posted: 27/08/2021
SME lenders could see the time they spend processing the average loan reduce by more than 85% with the adoption of Open Banking technology, according to research from Yolt Technology Services (YTS)
Posted: 26/08/2021
Foundation Home Loans has announced a full re-release of its entire buy-to-let product range with fees reduced by up to a full 1% at the same time as rate reductions of up to 0.25%, plus the introduction of a new short-term-let product with a flat fee
Posted: 26/08/2021
Masthaven Bank has announced a number of rate cuts on its residential first charge range to help support UK borrowers and brokers
Posted: 26/08/2021
Almost two thirds (64%) of first time buyers have a second source of income to help them save for a deposit, with this figure rising to 85% in London, a new survey from Ipswich Building Society has revealed
Posted: 25/08/2021
Bank account fraud has reached its highest level for more than three years, new research from Experian has found
Posted: 25/08/2021
Accord Mortgages is changing the tax thresholds used when applying the relevant interest coverage ratio (ICR) to buy-to-let applications
Posted: 25/08/2021
People leaving the workforce between age 50 and state pension age could wipe £88bn from the economy, the ONS has warned
Posted: 25/08/2021
Thirty per cent of the UK, equivalent to 15.9 million people, are now feeling more financially vulnerable than they did in March 2020, according to new research from Royal London
Posted: 24/08/2021
F4B Network has announced the addition of Precise Mortgages to its lending panel
Posted: 24/08/2021
Smartr365 has added new features to its HomeBuyer app that will allow users to verify their identity, follow their case progress, and track the value of their home
Posted: 24/08/2021
The money purchase annual allowance (MPAA) is posing a hidden risk to over-55s who have accessed their pension early because of the coronavirus pandemic, Aegon has warned
Posted: 24/08/2021
July saw a monthly fall of 62.8% in the number of residential property transactions across the UK, new HMRC figures have revealed
Posted: 24/08/2021
The role of the stamp duty holiday in the rise in UK house prices across the last year has been “overstated”, according to research published by Resolution Foundation
Posted: 24/08/2021
CHL Mortgages has announced that it has added its criteria to the Knowledge Bank platform
Posted: 24/08/2021
Mortgage Magic has launched a new mobile app that provides a private portal between its broker subscribers and their mortgage customers
Posted: 23/08/2021
Recognise Bank has completed a new £14m capital raise which includes fresh investment from one of its existing shareholders
Posted: 23/08/2021
Burrow, part of DPR Group, has added a new e-signature functionality for advisers as part of its API-led client portal module
Posted: 23/08/2021
PayPal is launching a new service that will enable its UK customers to buy, hold and sell cryptocurrency.
The service, which starts rolling out this week, will allow customers to choose from four types of cryptocurrencies – Bitcoin, Ethereum, Litecoin and Bitcoin Cash – and marks the first international expansion of PayPal’s cryptocurrency offering outside of the US
The service, which starts rolling out this week, will allow customers to choose from four types of cryptocurrencies – Bitcoin, Ethereum, Litecoin and Bitcoin Cash – and marks the first international expansion of PayPal’s cryptocurrency offering outside of the US
Posted: 23/08/2021
Instructions for remortgages across the UK climbed by 27% in July, according to new data published by LMS
Posted: 23/08/2021
BuildLoan has announced the launch of a new self and custom build mortgage platform for brokers
Posted: 23/08/2021
Mortgage and protection network, The Finance Planning Group, has announced a new partnership with Proportunity
Posted: 23/08/2021
Overall receipts for Stamp Duty Land Tax (SDLT) between April and July hit £5.7bn, according to new data published by HMRC
Posted: 20/08/2021
Receipts for inheritance tax (IHT) between April and July this year saw a rise of £0.5bn on the same period in 2020, new HMRC figures have confirmed
Posted: 20/08/2021
Dudley Building Society has replaced its five-year fixed rate product range with a single 95% fixed rate product
Posted: 20/08/2021
The Personal Finance Centre (TPFC) has partnered with fintech firm Nivo to implement its app based application process
Posted: 20/08/2021
Landbay has reduced the pricing across most of its core products, which includes cuts to its green offering
Posted: 19/08/2021
Only 14% of retirees over the age of 55 took regulated advice or guidance before taking retirement, according to new research from Just Group
Posted: 19/08/2021
Around four out of five (78%) financial advisers are now asking their retirement clients in the fact find stage about what gives them “meaning, purpose and happiness”, according to research from Aegon
Posted: 19/08/2021
Yorkshire Building Society has announced it is launching new mortgages with rates of less than 1%
Posted: 19/08/2021
A majority 93% of financial advisers feel confident they can deliver the flexibility into retirement that their clients need, a new study from Canada Life has found
Posted: 19/08/2021
Tenet Network Services has appointed buy-to-let (BTL) lender Zephyr Homeloans to its lending panel
Posted: 19/08/2021
Market Financial Solutions (MFS) has announced the completion of a £9.45m bridging loan on a country estate in West Sussex
Posted: 19/08/2021
Mark Whitear, Head of Commercial Development, Foundation Home Loans, discusses the role that fintech can play in the future of specialist underwriting
Posted: 18/08/2021
One quarter (25%) of young people in Scotland say that a lack of knowledge is a key barrier to homeownership, a new Bank of Scotland study has found
Posted: 18/08/2021
AJ Bell has announced the appointment of Michael Summersgill to the newly created role of deputy chief executive officer with effect from 1 October 2021
Posted: 18/08/2021
Homebuyers could end up £326,000 wealthier over a 30-year period than people who rent, without even considering potential house price growth, a new report published by the Equity Release Council (ERC) has revealed.
Posted: 18/08/2021
The lack of progress on the government reforms of the UK’s leasehold system is leaving thousands of homeowners in danger of losing out, according to leasehold enfranchisement specialist, Cavendish Legal Group
Posted: 18/08/2021
The average UK house price increased by 13.2% over the year to June, new data published by the Office for National Statistics (ONS)
Posted: 18/08/2021
Sixty-four per cent of brokers are expected to adopt a hybrid approach of remote and face-to-face working after the lifting of pandemic restrictions, a study from TMA Club has found
Posted: 18/08/2021
General Insurance (GI) provider, Source Insurance, has announced the addition of a property data provider to its platform as part of a move to help brokers place more business
Posted: 17/08/2021
There has been a sharp increase in the number of mortgage sales with a term of more than 35 years at the beginning of 2021, according to data gathered by Quilter
Posted: 17/08/2021
Mortgage Brain has announced the addition of Accord Mortgages to its multi-lender application and submission gateway, Lendex
Posted: 17/08/2021
If the State Pension were to increase by 8% it would still leave a £730-a-year income gap compared to the Joseph Rowntree Foundation’s Minimum Income Standard, according to new analysis from Just Group
Posted: 17/08/2021
Child savers holding cash have lost over £1.2bn in returns relative to those offered by investments since the introduction of Junior ISAs (JISAs) in 2011, new analysis by Quilter has revealed
Posted: 17/08/2021
Scottish house prices have fallen by £4,000 since a peak in March according to data from Walker Fraser Steele, which suggested the ending of the Land and Buildings Transaction Tax (LBTT) holiday can now be seen in the average prices
Posted: 17/08/2021
CHL Mortgages has announced the addition of The Business Mortgage Company (TBMC) to its distribution panel
Posted: 17/08/2021
Almost half (46%) of people who have received or are expecting an inheritance leave it in a current or savings account, a study from Hargreaves Lansdown has found
Posted: 16/08/2021
A third of self-employed homeowners have increased their unsecured debts while a quarter have deferred mortgage payments to prop up their finances during the pandemic, according to new research by The Mortgage Lender (TML)
Posted: 16/08/2021
Broker searches for furlough friendly mortgage criteria continued to fall month-on-month between June and July, after data from Legal & General Mortgage Club’s SmartrCriteria tool showed a -18% drop
Posted: 16/08/2021
Forty-six per cent of UK adults believe the state pension triple lock should stay as it is, new research from Canada Life has revealed
Posted: 16/08/2021
The number of landlords intending to release equity from their existing portfolios has seen a significant increase, new research from BVA BDRC has found
Posted: 16/08/2021
Three in four financial advisers (76%) are feeling optimistic about the future, according to a new study from SimplyBiz
Posted: 16/08/2021
Smartr365 has announced a new integration with Iress Lender Connect in a move that will connect TSB, Aldermore, Leeds Building Society and Accord Mortgages
Posted: 16/08/2021
A total of 15,341 properties were bought using Help to Buy loans between 1 January and 31 March this year, a 61% increase on the same period in 2020
Posted: 13/08/2021
Air Group has reported a “drop-off” in the scores for its equity release provider Temperature Check report, which allows smaller advisers to provide feedback on providers’ service levels
Posted: 13/08/2021
PRIMIS Mortgage Network has reported that its product desk supported appointed representative (AR) advisers with 2,123 queries in July, a 10% increase on the same month last year
Posted: 13/08/2021
The number of new buyer enquiries slowed in July as the stamp duty holiday started to taper off, data from RICS has revealed
Posted: 13/08/2021
Total mortgage arrears remain close to historically low levels due to the effects of payment deferrals and other tailored COVID-19 related support, new data published by UK Finance has revealed
Posted: 12/08/2021
SimplyBiz Mortgages has announced it is granting its members access to an exclusive rate for holiday lets from Leeds Building Society
Posted: 12/08/2021
SmartSearch has called on UK firms to scrap manual ID checks after the anti-money laundering (AML) specialist announced the launch of a new campaign to raise awareness about outdated methods of identity verification for regulated businesses
Posted: 12/08/2021
Enra Specialist Finance has signed a new facility with J.P. Morgan to fund its bridging portfolio
Posted: 12/08/2021
Specialist lender FutureBricks has joined Twenty7Tec in a move that will introduce its updated lending criteria to intermediaries
Posted: 12/08/2021
Equifax UK has announced a partnership with credit building app, Bits, in a move that will allow customers to report their monthly rental payments on their credit files and improve their credit scores
Posted: 11/08/2021
Asking prices across several areas of the property market tumbled in the wake of the initial stamp duty holiday deadline at the end of June, according to new research from GetAgent
Posted: 11/08/2021
Almost £730bn of equity was available for release in UK homes during the second quarter, the first time it has exceeded this milestone
Posted: 11/08/2021
The Nottingham has announced new rate cuts on its two and five-year fixed residential products by up to 21 basis points
Posted: 11/08/2021
Market Financial Solutions (MFS) has agreed a new partnership with Twenty7Tec
Posted: 11/08/2021
June saw a rise in mortgage brokers carrying out criteria searches for “maximum LTV”, new analysis from Knowledge Bank has revealed
Posted: 10/08/2021
Thirty-eight per cent of adults in the UK have been targeted by financial scammers in the past year, according to new findings from The OpenWork Partnership
Posted: 10/08/2021
Three-quarters of financial advisers have been asked by their clients about them investing in cryptocurrency, an AJ Bell study has found
Posted: 10/08/2021
The gender pensions gap could be as much as £183,936, according to research published by equity release lender, more2life, and economics consultancy, Cebr
Posted: 10/08/2021
The average inheritance tax (IHT) bill in the UK has climbed over £200,000, new government figures have revealed
Posted: 10/08/2021
Average adviser business volumes reached new highs in the second quarter of 2021, according to findings published by the Intermediary Mortgage Lenders Association (IMLA)
Posted: 10/08/2021
One Mortgage System (OMS) has signed a new agreement with The Lending Channel to be its primary tech provider
Posted: 10/08/2021
Twenty7Tec has announced that TSB has been added to its APPLY module following a successful trial
Posted: 10/08/2021
UK defined benefit (DB) pension scheme funding levels failed to improve over the past quarter for the time since the onset of the pandemic, although they still remain “far stronger" than pre-Covid levels, according to Legal & General Investment Management (LGIM)
Posted: 09/08/2021
Nearly one in three (31%) over-55s have never checked how Inheritance Tax (IHT) could affect them despite 36% estimating their estates are worth more than the current tax-free allowances, new research published by TIME Investments has shown
Posted: 09/08/2021
AJ Bell Investcentre has added Tatton to its panel of third-party Discretionary Fund Managers (DFMs) in response to significant demand from financial advisers
Posted: 09/08/2021
Investors ploughed £24bn into funds in the first half of 2021, according to latest Investment Association data
Posted: 06/08/2021
The Financial Conduct Authority (FCA) has approved James Hay’s £145m acquisition of financial adviser platform, Nucleus
Posted: 06/08/2021
The average UK property price is now £261,221, up 0.4% in July compared to June’s figure, according to the latest Halifax House Price Index
Posted: 06/08/2021
The total capital gains tax (CGT) liability was £9.9bn for 265,000 CGT taxpayers in the 2019/20 tax year, new government figures have revealed
Posted: 05/08/2021
Ipswich Building Society has announced that it will allow more flexibility for older borrowers when assessing SIPP/pension funds in affordability calculations for over-55s
Posted: 05/08/2021
The Bank of England (BoE) has confirmed it is to still keep the base interest rate at 0.1%
Posted: 05/08/2021
Dudley Building Society has announced its support for the expat community by revamping its mortgage range
Posted: 05/08/2021
The pandemic has shifted the priorities of customers when it comes to looking for a mortgage lender, according to a new study from Masthaven Bank
Posted: 05/08/2021
Boris Johnson and Rishi Sunak have written an open letter calling on UK pension schemes to spur a UK “investment big bang”
Posted: 05/08/2021
The construction supply chain struggled to keep pace with increasing new housing and infrastructure across the UK in the second quarter, according to data from RICS
Posted: 05/08/2021
BuildLoan has partnered with Buckinghamshire Building Society to launch a new custom and self-build mortgage product
Posted: 05/08/2021
People with a financial adviser are four times more likely than those without one to have high levels of financial wellbeing, a new study from Aegon has found
Posted: 04/08/2021
Over half (55%) of employees would say the pandemic has made them more aware of the importance of saving for the future, a study from Cushon has found
Posted: 04/08/2021
SmartSearch has achieved its best ever first half year results in 2021, following a surge in demand for its online ID check and due diligence platform
Posted: 04/08/2021
The total figure of Stamp Duty Land Tax (SDLT) transactions climbed by 9% in the second quarter of 2021, new HMRC data has revealed
Posted: 04/08/2021
Over two-thirds of property professionals (71%) believe that valuers should reflect the Energy Performance Certificate (EPC) rating in value, depending on a property’s EPC rating, new research has found
Posted: 04/08/2021
Foundation Home Loans has announced the launch of a limited edition five-year, fixed rate buy-to-let (BTL) product for portfolio landlords
Posted: 04/08/2021
One Mortgage System (OMS) has completed a full integration with lender, Selina Finance
Posted: 04/08/2021
Vida Homeloans has announced the appointment of John Truswell as the lender’s new head of intermediary distribution
Posted: 03/08/2021
JLM Mortgage Services has announced the launch of a campaign by its appointed representative (AR) firm, Greenacre Financial Services, to help more deaf and hard of hearing people secure mortgage advice
Posted: 03/08/2021
New business conducted across the consumer finance space grew by 28% in June compared to the same month in 2020, to total £8.12bn
Posted: 03/08/2021
Forty-six per cent of landlords have reduced monthly rent payments for their tenants because of the COVID-19 pandemic, according to a new study from Shawbrook Bank
Posted: 03/08/2021
Instructions across the remortgage market rose by 16% in June, according to new data published by LMS
Posted: 03/08/2021
Mortgage Broker Tools (MBT) has announced the addition of The Mortgage Lender (TML) to its MBT Affordability research platform
Posted: 03/08/2021
Chancellor Rishi Sunak is again reportedly considering modifying the triple lock to address concerns that a rise in earnings figures could drive a sharp increase in the state pension
Posted: 02/08/2021
HSBC’s profits have more than doubled in the first half of the year as economies come out of their defensive hiding places
Posted: 02/08/2021
Ninety-four per cent of financial advisers are confident about the outlook for the equity release market over the next year, while less than three-quarters (71%) feel the same about the residential property market
Posted: 02/08/2021
The end of the mortgage payment holidays scheme this weekend could lead to a surge in customers in need of specialist support or more tailored lending over the next year, according to Masthaven Bank
Posted: 30/07/2021
The number of exchanges between clients and conveyancing solicitors spiked last month as the rush to meet the stamp duty holiday increased communications pressures on the industry
Posted: 30/07/2021
PRIMIS Mortgage Network has reported that its product desk supported appointed representative (AR) advisers with 2,275 queries in June
Posted: 30/07/2021
Newcastle Intermediaries has announced it is re-entering the large loan market with a new proposition and products available up to 80% LTV
Posted: 30/07/2021
Legal & General Mortgage Club has launched several new exclusive products with Dudley Building Society
Posted: 30/07/2021
Over 3.6 million UK adults are unaware how many pensions they have and risk paying more in fees than necessary, according to new research by Scottish Widows
Posted: 29/07/2021
The proportion of deaths in the UK resulting in an inheritance tax (IHT) charge has seen a 0.2% decrease, new HMRC figures have revealed
Posted: 29/07/2021
The Nottingham has reported a profit after tax of £4.9m for the first half of 2021
Posted: 29/07/2021
Over-55 homeowners unlocked £1.17bn of property wealth during the second quarter of the year, according to new statistics published by the Equity Release Council
Posted: 29/07/2021
Legal & General Home Finance has extended its five-year partnership with Santander UK to help the bank’s mortgage customers with later life mortgage options
Posted: 29/07/2021
Net mortgage borrowing hit a record £17.9bn in June, new figures published by the Bank of England (BoE) have revealed
Posted: 29/07/2021
Dudley Building Society has partnered with the provider of back office systems to the financial services sector, Whistlebrook
Posted: 29/07/2021
The last six months have seen 14% of UK adults repay debts totalling £2.4bn a month, according to new research published by LifeSearch
Posted: 28/07/2021
Alternative Bridging Corporation has cut the rate on its bridging loans up to 70% LTV down to 0.60%
Posted: 28/07/2021
Annual house price growth has remained in double digits during July but slipped back to 10.5%, according to the latest Nationwide House Price Index
Posted: 28/07/2021
Paradigm Mortgage Services has announced the addition of Hampshire Trust Bank (HTB) to its lender panel
Posted: 28/07/2021
Around 15.6 million people across the UK are delaying buying homes, getting married and changing careers due to poor credit ratings, according to a study from Tymit
Posted: 28/07/2021
Nearly one in three people (32%) will retire in debt this year with an average £20,650 to pay off, new research from Key has revealed
Posted: 28/07/2021
Smart Money People has announced a new partnership with fintech firm, Life Moments, in a move that will offer Smart Money People’s clients exclusive access to its insights on the mortgage market
Posted: 28/07/2021
Specialist short-term lender, Hope Capital, has secured a £2.25m bridging loan for a client who owned a residential terraced property in London
Posted: 27/07/2021
Legal & General Home Finance (LGHF) has announced the launch of a new later life mortgages portal
Posted: 27/07/2021
West One Loans has recorded a strong performance from its bridging product and industry-leading turnaround times, after the lender published its short-term lending results for the first half of 2021
Posted: 27/07/2021
End-to-end mortgage and protection platform, Smartr365, has announced that it has just reached the milestone of 2,000 users
Posted: 27/07/2021
CHL Mortgages has become a patron of the National Association of Commercial Finance Brokers (NACFB)
Posted: 27/07/2021
Allica Bank has added valuation panel management service, VAS Panel, to its valuation database for commercial property finance loans
Posted: 27/07/2021
SimplyBiz Mortgages has announced the addition of Castle Trust Bank to its panel
Posted: 27/07/2021
Just one in five landlords (19%) are planning to to offload their buy-to-let (BTL) portfolio in the next five years, new research by Sequre Property Investment has revealed
Posted: 26/07/2021
Fraud convictions in England and Wales secured under the Fraud Act 2006 have slumped to their lowest level since 2007, according to new data analysed by Quilter
Posted: 26/07/2021
Aon and Willis Towers Watson (WTW) have agreed to terminate their proposed $30bn (£21.5bn) merger following an “impasse” with the US Department of Justice
Posted: 26/07/2021
Gateway Surveyors has announced that it has established a new partnership with software company, CoreLogic UK
Posted: 26/07/2021
Fleet Mortgages has been acquired by Starling Bank in a £50m cash and share deal
Posted: 26/07/2021
The Intermediary Mortgage Lenders Association (IMLA) has predicted a rise in gross mortgage lending to £285bn in 2021, according to the trade body’s latest report
Posted: 26/07/2021
Pepper Money has increased the maximum LTV on its buy-to-let (BTL) offerings
Posted: 26/07/2021
MCI Mortgage Club has announced the addition of equity loan provider, Proportunity, to its lender panel
Posted: 26/07/2021
CHL Mortgages has announced several rate cuts across its 75% LTV product range by up to 15 basis points
Posted: 23/07/2021
Newcastle Building Society has announced the launch of its 95% LTV mortgages range which will be available under the government’s First Homes scheme
Posted: 23/07/2021
OpenMoney has launched a new home buying service to offer personalised advice to first-time buyers
Posted: 23/07/2021
Market Financial Solutions (MFS) has completed a large bridging loan which enabled a client to complete a complex shopping centre purchase
Posted: 23/07/2021
Darlington Intermediaries has joined the lender panel of Brilliant Solutions mortgage club
Posted: 23/07/2021
Gerard Boon, Managing Partner at Boon Brokers, discusses his top reasons for why potential homebuyers should look to use a mortgage broker
Posted: 23/07/2021
Ipswich Building Society has announced that it has been added to the PRIMIS Mortgage Network lender panel
Posted: 22/07/2021
Receipts for inheritance tax (IHT) have reached their highest ever level over a 12-month period, new data published by HMRC has revealed
Posted: 22/07/2021
Brokers would consider complex buy-to-let (BTL) lenders to be the most flexible with mortgage applications compared to any other mortgage sector, a new study from Smart Money People has revealed
Posted: 22/07/2021
F4B Network has bolstered its general insurance (GI) offering with the addition of GI provider, Paymentshield, to its panel
Posted: 22/07/2021
Mortgage Advice Bureau (MAB) has acquired a stake in Evolve Financial Solutions to strengthen its new homes broker panel and proposition
Posted: 22/07/2021
LMS has announced the launch of a new messaging service, Secure Link, to streamline the conveyancing process and improve case query turnaround times
Posted: 21/07/2021
The government’s lack of progress towards rectifying an estimated 1.5 million or more low-income workers paying a 25% penalty for their pension savings has been branded “disappointing” by the Low Incomes Tax Reform Group (LITRG)
Posted: 21/07/2021
UK investors are still showing a bias to UK stocks despite persistent long-term underperformance, new research from Quilter Investors has revealed
Posted: 21/07/2021
June saw a 74.1% monthly increase in residential property transactions across the UK, according to new HMRC data
Posted: 21/07/2021
Almost one in three (31%) UK homeowners over the age of 40 who are not yet retired are intending to work beyond their state pension age, according to new research from Canada Life
Posted: 21/07/2021
Paradigm Mortgage Services has confirmed a new partnership with digital mortgage lender, Molo Finance
Posted: 21/07/2021
Sesame Bankhall Group (SBG) has announced the addition of United Trust Bank (UTB) to PMS Mortgage Club and Sesame Network’s lender panels
Posted: 21/07/2021
Draft legislation has been issued by HMRC around the increase in the minimum pension age from 55 to 57
Posted: 20/07/2021
Seventy-eight per cent of first-time buyers have said they would be likely to use a broker to help them arrange their first mortgage, new research from Yorkshire Building Society has revealed
Posted: 20/07/2021
Harpenden Building Society has launched a revamped version of its self-build mortgage product
Posted: 20/07/2021
Five financial services firms have stopped providing regulated debt advice until further notice following an FCA review of the practices of debt packager firms
Posted: 20/07/2021
UK over-55s are expected to borrow £10bn more in 2021 as consumer confidence returns to the economy, according to new research from equity release lender, more2life, and economics consultancy, Cebr
Posted: 20/07/2021
Banking and financial services firms are planning to increase their IT spend significantly over the coming 12 months to improve both front and back-end technology, new research from Yobota has revealed
Posted: 20/07/2021
Zephyr Homeloans has announced several new rate reductions across the majority of its products
Posted: 20/07/2021
Over half of financial advisers (52%) would consider ESG criteria only at the client’s request when building retirement portfolios, according to research from Aegon and Next Wealth
Posted: 19/07/2021
Rising house prices are building up the average homeowner’s wealth more quickly than strong share gains, according to new analysis by HUB Financial Solutions
Posted: 19/07/2021
The Nottingham has made several residential rate reductions and announced the launch of a two-year fixed 90% LTV product
Posted: 19/07/2021
The busiest first half of a year ever recorded in the UK property market has pushed the average price of property coming to market to a new record high for the fourth consecutive month, new data from Rightmove has revealed
Posted: 19/07/2021
Roma Finance has announced the launch of new bridging and development ranges with improved rates and enhanced criteria
Posted: 19/07/2021
Confidence among mortgage brokers has increased since the start of 2021, according to new research from Masthaven Bank
Posted: 19/07/2021
One Mortgage System (OMS) is to be integrated by specialist financial solutions provider, Y3S, to work alongside its second charge quotation and application system, Lenderlink
Posted: 19/07/2021
HMRC has announced the launch of a new online guidance tool to simplify the process for inheritance tax (IHT)
Posted: 16/07/2021
Outstanding balances on UK credit card accounts contracted by 11.6% over the 12 months to April as a result of repayments outstripping new borrowing in the year, new UK Finance figures have revealed
Posted: 16/07/2021
Older homeowners have received £1.94bn in property wealth in the first half of the year as the equity release market continued its lockdown recovery, new data from Key has revealed
Posted: 16/07/2021
Foundation Home Loans has been acquired by an affiliate of Apollo Global Management, Inc., Athene Holding Ltd
Posted: 16/07/2021
CHL Mortgages has announced a new partnership with Mortgage Advice Bureau (MAB) to expand its distribution
Posted: 16/07/2021
The average house price in Scotland fell by 0.1% in May, according to the latest Walker Fraser Steele Acadata House Price Index (Scotland)
Posted: 15/07/2021
An increase in earnings growth across the UK could “pile pressure” on Chancellor Rishi Sunak when considering the costs of maintaining the government’s Manifesto commitment to the state pension triple lock, Aegon has warned
Posted: 15/07/2021
Alternative Bridging Corporation has partnered with fintech firm, Nivo, to offer a new app based solution
Posted: 15/07/2021
Banks and building societies have reported that the availability of secured credit to households increased in the three months to the end of May, new data from the Bank of England (BoE) has revealed
Posted: 15/07/2021
Quilter Financial Advisers has announced a new partnership with workplace wellbeing company, Circles, which is part of the Sodexo group
Posted: 15/07/2021
The second charge lending market has now hit pre-pandemic levels of lending and surpassed the £100m barrier, according to the latest Secured Loan Index from Loans Warehouse
Posted: 15/07/2021
Knowledge Bank has announced the addition of a product transfer feature to its criteria search system
Posted: 15/07/2021
As the countdown begins to the end of the stamp duty holiday on 30 September there are currently 41 buy-to-let (BTL) mortgages on the market at the record low rate of 1.5% or below, new research from Property Master has revealed
Posted: 14/07/2021
iPipeline has announced a new long-term partnership with financial mutual society, OneFamily
Posted: 14/07/2021
Inflation in the UK has increased by 2.5% in a year, new data published by the Office for National Statistics (ONS) has revealed
Posted: 14/07/2021
Sixty-eight per cent of adults in the UK are unaware of the government’s planned change to the age that people can access their state pension, new research from Aegon has revealed
Posted: 14/07/2021
The average UK house price increased by 10.0% over the year to May, according to the latest UK House Price Index published by the Office for National Statistics (ONS)
Posted: 14/07/2021
MCI Mortgage Club has added bridging lender, Glenhawk, to its panel to give its members more choice for clients seeking short-term property finance
Posted: 14/07/2021
F4B Network has announced the addition of Metro Bank to its lending panel
Posted: 14/07/2021
The Association of Mortgage Intermediaries (AMI) has launched a broker survey looking at diversity, equity and inclusion within the mortgage sector
Posted: 13/07/2021
The Association of Short Term Lenders (ASTL) has announced that Strettons has become the latest business to join as an associate member
Posted: 13/07/2021
A record £180m worth of cryptocurrency linked to international money laundering has been seized by the Met Police in London
Posted: 13/07/2021
Defined benefit (DB) pension scheme members could have an income 76% higher than an equivalent defined contribution (DC) saver without breaching the lifetime allowance, according to new analysis from AJ Bell
Posted: 13/07/2021
Retail banks have been issued a warning by the FCA about weaknesses and failings surrounding their financial crime controls
Posted: 13/07/2021
Air Group has announced the launch of a new product relationship with over-55s credit broker, free2
Posted: 13/07/2021
The Financial Intermediary and Broker Association (FIBA) has announced the appointment of Ascot Bridging to its short-term lender panel
Posted: 13/07/2021
United Trust Bank (UTB) has funded a £10.29m development by Ashcourt Group
Posted: 12/07/2021
The Conveyancing Association (CA) has urged the government to “move further and faster” in delivering the leasehold reform it has previously promised
Posted: 12/07/2021
UK Finance has announced that seven mortgage lenders are to cover the cost of making existing EWS1 forms publicly available through the Fire Industry Association (FIA) Building Safety Information Portal
Posted: 12/07/2021
Lifetime ISA (LISA) early withdrawal charges have more than tripled in a year from £10m in 2019/20, to £33m in the 2020/21 tax year, according to data from Quilter
Posted: 12/07/2021
Landbay has announced the launch of two new buy-to-let (BTL) mortgage products for first-time landlords who want to invest in houses in multiple occupation (HMO)
Posted: 12/07/2021
Deep Neural Networks for FX Prediction
Adam Cadle speaks to Richard Turner Head of Research and Mike Emambakhsh, Ph.D. Senior Research Scientist at Mesirow Currency Management about their work with Machine Learning, specifically Deep neural networks for FX prediction.
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