Latest News
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Only 34 FCA investigations made in four and a half years of SMCR
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Twenty7Tec announces integration with Skipton
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UK rental value shifts from urban to rural areas in Q3
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Double-whammy affecting mortgage borrowers – Defaqto
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Second charge market can offer lifeline for brokers – Loans Warehouse
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UK house prices to jump by £30k over next four years
Archive News
Aspen Bridging has completed a four-day bridge to enable a property professional to exit an existing lender facility before incurring a 5% immediate default charge
Posted: 27/10/2020
UK house prices are predicted to jump by £30,000 over the next four years, according to new analysis from GetAgent
Posted: 27/10/2020
United Trust Bank (UTB) has agreed to refinance a £34m development of 53 luxury apartments being undertaken by housebuilder, Acorn Property Group
Posted: 27/10/2020
There have been just 34 investigations and one successful enforcement action since the FCA’s Senior Managers and Certification Regime (SMCR) was introduced four and a half years ago, new research from Bovill has revealed
Posted: 27/10/2020
Accord Buy To Let has announced it is refreshing its entire range to provide a more streamlined product offering for brokers and their landlord clients
Posted: 27/10/2020
UK rents increased in rural areas and fell sharply in some cities over the summer as more tenants looked to relocate from towns to countryside, according to analysis from the Deposit Protection Service (DPS)
Posted: 27/10/2020
Twenty7Tec has announced an agreement with Skipton Building Society that will support the seamless integration of TwentyTec’s APPLY module with Skipton’s origination platform
Posted: 27/10/2020
Finding a suitable self build plot remains one of the biggest challenges faced by self builders, according to new research from Ipswich Building Society
Posted: 26/10/2020
PIMFA has called on the government to tighten the rules around the promotion of unregulated financial products
Posted: 26/10/2020
Mortgage borrowers are being hit with a double-whammy of higher interest rates and fewer products, according to new analysis by Defaqto
Posted: 26/10/2020
Nearly half of mortgage businesses have never tested their website with end users, according to new research from Dock9
Posted: 26/10/2020
Ipswich Building Society has responded to Guy Opperman’s recent suggestion that auto-enrolment pensions contributions could be accessed by first-time buyers as a deposit for a mortgage
Posted: 26/10/2020
Loans Warehouse has suggested the second charge lending market can provide a “valuable alternative” for brokers lending to 85% LTV borrowers
Posted: 26/10/2020
2020 has been a strange and at times painful year for millions of people across the UK. The coronavirus pandemic has impacted many people’s personal finances whilst also endangering people’s businesses and livelihoods
Posted: 26/10/2020
The winners of the Mortgage Awards 2020 were announced last night via a special video broadcast
Posted: 23/10/2020
There was almost £600bn of equity available for release in UK homes in the third quarter, an increase of £100bn from Q2, new analysis from Canada Life has revealed
Posted: 22/10/2020
Mortgage Magic has announced that it has integrated several of iPipeline’s web service solutions, which power SolutionBuilder, AlphaTrust and PreQuo, into its broker proposition
Posted: 22/10/2020
Rishi Sunak has announced that government grants will be made available to firms facing tier two restrictions around the UK
Posted: 22/10/2020
PRIMIS Mortgage Network has reported that its product desk resolved a total 2,186 inbound queries from Appointed Representative (AR) brokers in September
Posted: 22/10/2020
Landbay has announced a refresh of its core product range to respond to high demand
Posted: 22/10/2020
The MCI mortgage club has appointed Hinckley & Rugby Building Society to its panel of lenders
Posted: 22/10/2020
Sesame Network has launched a new expanded protection panel as part of a move to help advisory firms and increase choice for customers
Posted: 22/10/2020
Paradigm Mortgage Services has added specialist mortgage lender, LiveMore Capital, to its panel
Posted: 22/10/2020
United Trust Bank (UTB) has agreed to fund a £7.6m development of new houses near Milton Keynes
Posted: 21/10/2020
Twenty-one per cent of landlords are predicting that tenants will move to the country for space and to work from home, according to new research from The Mortgage Lender (TML)
Posted: 21/10/2020
There were 98,010 residential transactions recorded in September, new HMRC data has revealed, a total 0.7% lower than September 2019
Posted: 21/10/2020
The FCA’s recent decision to ban the sale of derivatives and exchange traded notes (ETNs) linked to cryptoassets to retail customers is a “setback” for the UK, according to Global Digital Finance (GDF)
Posted: 21/10/2020
Average house prices across the UK increased by 2.5% over the year to August 2020, a figure up from 2.1% in July, according to the latest UK House Price Index
Posted: 21/10/2020
Hanley Economic Building Society has announced it is returning to the expat buy-to-let (BTL) market
Posted: 21/10/2020
Aspen Bridging has announced the completion of a £2.3m bridge which covered an existing lender repayment and finish and exit on a luxury house, along with the all-in purchase of a high-end apartment
Posted: 20/10/2020
Financial advisers experienced greater contact with their clients following the COVID-19 lockdown, according to new research by Seneca Investment Managers
Posted: 20/10/2020
SDL Surveying, has announced that September was its ‘busiest month ever’ for both volumes completed and revenue generated
Posted: 20/10/2020
Homeowners planning to benefit from the stamp duty holiday should begin their homebuying process by 1 November or risk missing out, according to new findings from the Legal & General Mortgage Club
Posted: 20/10/2020
The SimplyBiz Group has welcomed new research from the Intermediary Mortgage Lenders Association (IMLA) which showed that 35% of intermediaries intend to advise on green mortgages in the future
Posted: 20/10/2020
SmartSearch has revealed it recorded its best ever month in September, with record revenues and profits as well as a record number of new clients
Posted: 20/10/2020
Accord Mortgages has announced it is revising its loan-to-income (LTI) caps to a standard 4.49 times across all incomes from Wednesday 21 October
Posted: 20/10/2020
Twenty-three per cent of homeowners are worried about renewing their mortgage during the coronavirus pandemic, according to the results of a poll by Willow Private Finance
Posted: 19/10/2020
Enra Specialist Finance has announced that it has priced its first residential mortgage backed securities, backed by a portfolio of buy-to-let (BTL) and second charge mortgages
Posted: 19/10/2020
Seventy-four per cent of lenders are expecting green mortgages to become a larger part of the wider mortgage market in the future, new research from the Intermediary Mortgage Lenders Association (IMLA) has revealed
Posted: 19/10/2020
Volumes for remortgage instructions remained steady during September, falling by just 1.3% over the month, according to new data published by LMS
Posted: 19/10/2020
Loans Warehouse has predicted that the second charge lending market will experience a 100% growth in the final quarter of 2020
Posted: 19/10/2020
Landbay has announced it is joining Synergy Commercial Finance’s network panel
Posted: 19/10/2020
The British Business Bank has been commissioned by the government to convene an industry-wide working group on access to capital
Posted: 16/10/2020
Investment platform, AJ Bell, has warned that millions of people could be sleepwalking into “retirement misery”
Posted: 16/10/2020
Debit card spending in the UK reached a record high of £59.1bn during July this year, data published by UK Finance has revealed
Posted: 16/10/2020
Click2Check has announced a new partnership with data and analytics provider, AccountScore
Posted: 16/10/2020
Forty-two per cent of brokers have suggested the biggest priority for their business is increasing their client base, according to research from Mortgage Brain
Posted: 15/10/2020
iPipeline has announced a new partnership with CIExpert that will support advisers comparing critical illness plans through its protection sourcing tool, SolutionBuilder
Posted: 15/10/2020
A third (33%) of women over the age of 54 who have taken on debt in the last five years have done so to cover day-to-day expenses, according to new research from more2life
Posted: 15/10/2020
Aspen Bridging has backed a first-time buyer requiring maximum leverage to purchase an off-plan, new-build flat in London, saving their initial 10% deposit
Posted: 15/10/2020
Fiduciam has revealed that it expects to receive at least another £200m of requests for Coronavirus Business Interruption Loan Scheme (CBILS) loans between now and the new scheme closure date of 30 November
Posted: 15/10/2020
Just Mortgages has announced that it experienced record high volumes for both applications and exchanges in September
Posted: 15/10/2020
Zephyr Homeloans has announced it is joining the panel of Brilliant Solutions’ mortgage club
Posted: 15/10/2020
More money has been spent on £10m-plus properties this year than in 2019, new data from Knight Frank has revealed
Posted: 14/10/2020
Asking rents have hit a record high outside London at £964 per month, driven by record demand from renters, according to new analysis by Rightmove
Posted: 14/10/2020
Pent-up demand and government incentives jolted the UK’s property market “back to life” this summer, despite caution from lenders about COVID-19, a new report from Experian has suggested
Posted: 14/10/2020
GraniteShares has reported that 15.5% of people who own shares claim to have started buying and selling more since the coronavirus pandemic started
Posted: 14/10/2020
Thirty-nine per cent of investors are expecting commercial real estate assets to fall by between 5 to 10% in value in 2020, according to new research by Duff & Phelps
Posted: 14/10/2020
Ninety-two per cent of first-time buyers will still need guidance when making a home purchase, according to new research published by Accord Mortgages and Yorkshire Building Society
Posted: 14/10/2020
Fifty-two per cent of people in the UK think an independent office that audits stamp duty transactions should be set up to ensure that the right amount of tax is being paid, new research from Cornerstone Tax has revealed
Posted: 13/10/2020
COVID-19 has caused 51% of SME decision makers to change their business savings habits, according to new research from Aldermore bank
Posted: 13/10/2020
The government will need to raise taxes by more than £40bn a year by 2025 to prevent debt spiralling upwards, according to analysis from the Institute of Fiscal Studies (IFS)
Posted: 13/10/2020
Roma Finance has announced it is cutting rates and increasing LTVs and loan amounts across its product range
Posted: 13/10/2020
Landbay has announced it is offering free title indemnity insurance which the buy-to-let (BTL) lender suggested could speed up the legal process “dramatically”
Posted: 13/10/2020
Darlington Intermediaries and Legal & General have announced the launch of an affordability calculator
Posted: 13/10/2020
Twenty7Tec has announced that it will provide its analytics platform, INSIGHT, free of charge to any mortgage lender entering the 90%+ LTV market, who isn’t already a subscriber
Posted: 13/10/2020
Stonebridge has revealed it processed over £1bn worth of mortgage applications during September
Posted: 13/10/2020
TMA Club has announced it is adding Access Equity Release and Knight Frank Finance as equity release referral partners to its later life lending proposition
Posted: 12/10/2020
Pensions Minister, Guy Opperman's, suggestion that he is exploring ways for pensions to be used for house deposits has been described as “disappointing” by The People’s Pension (TPP)
Posted: 12/10/2020
Rental yields on residential buy-to-let properties climbed to 6.4% across England during the third quarter, up 0.4% from the 6% achieved in the third quarter of 2019, according to the latest Fleet Mortgages Buy-to-Let Rental Barometer
Posted: 12/10/2020
One in every two first-time buyers under the age of 35 is receiving financial support from the Bank of Mum and Dad (BoMaD), according to new research from Legal & General and Cebr
Posted: 12/10/2020
SimplyBiz Mortgages has agreed a new partnership with Eligible to give its members three months free access to its personalised client engagement platform
Posted: 12/10/2020
The second charge mortgage market experienced a 57% annual fall during August as £43m of new business was recorded, new statistics from the Finance & Leasing Association (FLA) have revealed
Posted: 12/10/2020
Landbay has announced a new partnership with PRIMIS Mortgage Network to provide PRIMIS brokers and their landlord clients with access to Landbay’s buy-to-let (BTL) products through its online intermediary portal
Posted: 12/10/2020
The UK GDP grew by 2.1% in August, new data published by the Office for National Statistics (ONS) has revealed
Posted: 09/10/2020
The winners of the MoneyAge Awards 2020 were announced last night via a special video broadcast
Posted: 09/10/2020
Three in five first-time buyers (61%) would suggest that buying a home is more important to them now than it was before the coronavirus pandemic, new research by the Yorkshire Building Society has revealed
Posted: 09/10/2020
House prices increased by 0.7% in England and Wales during September, according to the latest e.surv Chartered Surveyors House Price Index
Posted: 09/10/2020
The FCA has urged members of the public who invested in an unauthorised land banking scheme, and who may be eligible to receive some of their money back, to get in contact with the regulator
Posted: 09/10/2020
Thirty-eight per cent of over-55s would admit their homes need work to make them suitable for later life living, with the average bill for improvements averaging just over £8,000, according to new research from Key
Posted: 09/10/2020
The equity release market showed the most change across the categories recorded by Knowledge Bank in September, with ‘Maximum Loan Amount’ being the only consistent search in the top five results
Posted: 08/10/2020
Mortgage Brain has announced Fluent Mortgages as the latest business to commit to integrating with its multi-lender submission and application gateway, Lendex
Posted: 08/10/2020
Hope Capital has announced it is partnering with Nivo to implement new ID verification and messaging technology for its customers
Posted: 08/10/2020
AJ Bell has urged the government to consider handing a specific responsibility for tackling scams to a minister
Posted: 08/10/2020
The UK housing market continued its recovery during September, according to the latest RICS UK Residential Survey, as buyer enquiries, agreed sales and new listings all remained “strong” during the month
Posted: 08/10/2020
As many as 85% of property transactions between the announcement of the stamp duty holiday on 8 July up until 31 August have fallen below the £500,000 price threshold and paid no stamp duty as a result
Posted: 08/10/2020
Twenty7Tec has announced that it has completed the development of a client portal that seamlessly integrates with the company’s CloudTwenty7 platform
Posted: 08/10/2020
Foundation Home Loans has announced the return of its buy-to-let (BTL) five-year fixed rate product to the market
Posted: 08/10/2020
Bluestone Mortgages has revealed that its application volumes last month were 68% higher than in September 2019, marking an all-time record month for the lender
Posted: 08/10/2020
Click2Check has announced the appointment of Yusuf Yigit as its new in-house software developer in the UK, working specifically on the firm’s Credit Assess product
Posted: 07/10/2020
The winners at the MoneyAge Awards 2020 are set to be announced at 5pm on Thursday 8 October, via a special broadcast on the awards website
Posted: 07/10/2020
UK house prices increased by 2.3% in the year to July 2020, down from 2.9% in June, according to the latest UK House Price Index (HPI) from the Land Registry
Posted: 07/10/2020
Sixty-five per cent of landlords have suffered financially during the coronavirus pandemic, according to a new study from The Mortgage Lender (TML)
Posted: 07/10/2020
A property empire worth £10m has been given up to the National Crime Agency (NCA) by a Leeds businessman suspected of being a major money launderer
Posted: 07/10/2020
UK Finance has announced the appointment of David Postings as its new chief executive
Posted: 07/10/2020
The government is facing a potential loss between £15bn and £26bn through businesses not being able to repay Bounce Back loans, as well as fraud resulting from the loan scheme
Posted: 07/10/2020
House prices across the UK were 1.6% higher in September than they were during August, according to the latest Halifax House Price Index
Posted: 07/10/2020
The number of ESIS generated through Mortgage Brain’s sourcing systems hit a new high point for 2020 during September
Posted: 06/10/2020
Home movers are having to pay almost £68,000 on average to move from a two bed flat to a three bed house outside London, a figure £4,000 more than this time last year, according to new data published by Rightmove
Posted: 06/10/2020
Boris Johnson has promised that first-time buyers will be given long-term fixed rate mortgages at up to 95% LTV, as he aims to turn “generation rent into generation buy”
Posted: 06/10/2020
Canada Life has announced it is enhancing all its capital select options for home finance customers
Posted: 06/10/2020
The FCA has published its final rules outlining the ban of the sale of derivatives and exchange traded notes (ETNs) that reference types of cryptoassets to retail consumers
Posted: 06/10/2020
UK SMEs have written off £2.2bn in revenue because their customers have become insolvent during lockdown, according to research from Nimbla
Posted: 06/10/2020
The stamp duty holiday has helped to accelerate homebuyer demand across the UK during the third quarter, new analysis from GetAgent has revealed.
Posted: 06/10/2020
Mortgage Magic has announced that its CRM and mortgage management system can now be integrated with a complete Voice over Internet Protocol (VOIP) phone system
Posted: 06/10/2020
Accord Mortgages has announced the appointments of two new business development advisers (BDAs) to its sales team, to help provide more support to brokers
Posted: 05/10/2020
Dudley Building Society has announced the return of an interest only repayment option for its new residential 1.05% discount for term product
Posted: 05/10/2020
Swansea Building Society has announced the launch of a new mortgage product specifically designed for medical professionals
Posted: 05/10/2020
An estimated 15 million homebuyers have never considered whether there was a mistake in the stamp duty they paid, according to new research from Cornerstone Tax
Posted: 05/10/2020
The average rent in the UK is now £987, up 0.2% on last month, and by 2.1% on last year, new data from HomeLet has revealed
Posted: 05/10/2020
Sixty-four per cent of financial advice business owners and wealth management chief executives do not trust the Financial Services Compensation Scheme (FSCS) to deliver fair outcomes for consumers or their firms, according to a new PIMFA study
Posted: 05/10/2020
Knowledge Bank has announced it is partnering with the Financial Intermediary and Broker Association (FIBA) to offer its criteria search system to FIBA’s members
Posted: 05/10/2020
The accounting deficit of defined benefit (DB) pension schemes for the UK’s 350 largest listed companies rose slightly to £73bn at the end of September, new data from Mercer has revealed
Posted: 02/10/2020
Over-50s have seen their homes rise in value by an average £7,023 in just two months, according to research from SunLife
Posted: 02/10/2020
Mortgage Magic has rolled out an enhanced version of its CRM and business management system to existing customers and also showcased the system to prospective customers
Posted: 02/10/2020
Accord Mortgages has announced that it is launching another limited release of 90% LTV products for first-time buyers
Posted: 02/10/2020
Mortgage Brain has launched a new lender service report which will collate information from multiple lenders, providing a single source for advisers
Posted: 01/10/2020
The Mortgage Lender (TML) has announced the completion of the first securitisation of 2,096 unregulated residential buy-to-let (BTL) mortgages it has originated, secured on properties in England, Wales and Scotland
Posted: 01/10/2020
Crystal Specialist Finance (CSF) and Together have launched a new complex buy-to-let (BTL) product for landlords and property investors being overlooked by mainstream and specialist lenders
Posted: 01/10/2020
Bluestone Mortgages has announced that it is joining Mortgage Compliance & Insurance Club’s (MCI Club) lender panel
Posted: 01/10/2020
Brilliant Solutions has reported two consecutive months of record completion volumes
Posted: 30/09/2020
Eighty-one per cent of property and commercial finance brokers believe they are prepared for a second wave of COVID-19, new research from United Trust Bank (UTB) has revealed
Posted: 30/09/2020
The annual house price growth picked up to 5.0% during September, the highest rate since September 2016, according to the latest Nationwide House Price Index
Posted: 30/09/2020
Three in 10 (30%) homeowners aged 55 and over have felt vulnerable when making a financial decision, according to a new report published by more2life
Posted: 30/09/2020
eKeeper has integrated DocuSign’s eSignature functionality into its intermediary focused CRM, MortgageKeeper
Posted: 30/09/2020
Legal & General Mortgage Club has announced the addition of LiveMore Capital to its panel
Posted: 30/09/2020
Demand for rental homes across the UK’s major cities has increased by 13% since the second quarter of the year, according to new data from Howsy
Posted: 29/09/2020
The number of mortgage approvals for house purchase continued to increase sharply in August, rising to 84,700 from 66,300 in July, new data from the Bank of England (BoE) has revealed
Posted: 29/09/2020
The Society of Mortgage Professionals (SMP) has urged brokers concerned that a customer is attempting to commit mortgage application fraud to “under no circumstances” submit the proposal to a lender
Posted: 29/09/2020
Crystal Specialist Finance (CSF) and Together have saved a house move by taking a £65,000 bridging case from receipt to completion in 48 hours
Posted: 29/09/2020
Fleet Mortgages has announced several rate cuts across its standard and limited company ranges
Posted: 29/09/2020
Thirty-seven per cent of adults in the UK believe they have been targeted by a scam or fraud since lockdown started on 23 March, new research from AJ Bell has revealed
Posted: 28/09/2020
First-time buyers are set to be overtaken by existing homeowners as the largest buyer demographic, as COVID-19 drives a shift in the profile of home buyers, according to new data published by Zoopla
Posted: 28/09/2020
Royal London has announced it is entering the equity release market having partnered with later life mortgage adviser, Responsible Life
Posted: 28/09/2020
Ninety-eight per cent of financial intermediaries have indicated they believe it is important to keep up to date with developments on vulnerability agenda, according to new research from Just Group
Posted: 28/09/2020
The Conveyancing Association (CA) has urged its member firms to endorse a series of new home buying and selling pledges for property stakeholders
Posted: 28/09/2020
Activity in the million pound plus housing market is “soaring” as wealthier buyers make moves to bigger houses or new locations, new analysis from Rightmove shows
Posted: 25/09/2020
Six in ten (62%) senior leaders within financial institutions have said they expect to maintain or grow their revenues over the next 12 months, according to new research from Lloyds Bank
Posted: 25/09/2020
More than 120 businesses have opted to become associate firms of the Personal Finance Society in just one month
Posted: 25/09/2020
Saffron for Intermediaries and MCI Mortgage Club have announced a new partnership which will see club members gain access to the society’s range of specialist mortgage products
Posted: 25/09/2020
Air Group has announced the appointment of Jon Tweed as a consultant to develop its wider later life lending adviser offering
Posted: 25/09/2020
Losses to unauthorised financial fraud fell by 8% in the first half of 2020 to £374.3m, new figures published by UK Finance have revealed
Posted: 24/09/2020
Three-quarters of brokers do not tell their clients that they offer second charge mortgages, according to new research from Brightstar Financial
Posted: 24/09/2020
The Chancellor has announced the launch of the government’s Job Support Scheme as part of the next phase of coronavirus support measures for workers
Posted: 24/09/2020
Stonebridge has unveiled newly-designed performance dashboards on its wholly-owned trading platform, Revolution
Posted: 24/09/2020
Hope Capital has expanded its underwriting team with the promotion of Joanne McGillicuddy to senior underwriter, and the new appointment of Keiran Holmes as underwriter
Posted: 24/09/2020
Just three in 10 people (30%) could rely on their savings if they lost all sources of their income, according to a new study by Shepherds Friendly
Posted: 24/09/2020
Key Group’s equity release referral service, Key Partnerships, has launched a new retirement funding tool to help advisers “drive” conversations with clients about retirement planning
Posted: 24/09/2020
The government is considering a “massive” package of measures to help the economy through the next phase of the coronavirus crisis, according to reports
Posted: 23/09/2020
Average rent levels have dropped in seven out of 10 areas of England and Wales, new data from lettings management platform, Howsy, has revealed
Posted: 23/09/2020
The Intermediary Mortgage Lenders Association (IMLA) has announced it will be surveying its members over the coming weeks to identify the specific challenges facing lenders that are putting a strain on service levels
Posted: 23/09/2020
The FCA has launched a new consultation on its approach to regulating international financial firms operating in the UK
Posted: 23/09/2020
Dudley Building Society has announced the relaunch of its shared ownership and Right to Buy (RTB) schemes
Posted: 23/09/2020
One Mortgage System (OMS) has extended its support and development teams with two new appointments
Posted: 23/09/2020
The Nottingham for Intermediaries has announced it is temporarily withdrawing its mortgage product range
Posted: 23/09/2020
Metro Bank has announced a new partnership with Enterprise Nation to provide a range of benefits to the bank’s business customers
Posted: 23/09/2020
Just Mortgages has announced that the number of brokers in its self-employed division has now surpassed 300
Posted: 23/09/2020
LiveMore Capital has announced it is extending its Retirement Interest Only (RIO) product range to include purchase mortgage applications with immediate effect
Posted: 22/09/2020
Lenders have now supported more than 1.3 million businesses across the UK through government-backed coronavirus lending schemes, new Treasury figures have revealed
Posted: 22/09/2020
The coronavirus pandemic has caused 46% of first-time buyers to delay their plans of purchasing a home by an average time of nearly a year (11.4 months), according to new data from Aldermore bank
Posted: 22/09/2020
Landbay has announced it is reducing the rate on its “special edition” two-year fixed rates for both 60% and 70% LTV, by 14 and 10 basis points respectively
Posted: 22/09/2020
Residential property transactions in the UK increased by 15.6% in August as the impact of the stamp duty holiday on the market continued, new HMRC data has revealed
Posted: 22/09/2020
TMA Club has announced that its total lending figures between January and August were consistent with the same period in 2019
Posted: 22/09/2020
The SimplyBiz Group and Wealthify have announced a new partnership to provide a low fee digital investment option for advisers
Posted: 22/09/2020
HS Property Group (HSPG) has secured a £30m loan facility with Together to acquire a block of more than 40 flats that will re-home victims of domestic violence
Posted: 21/09/2020
UK homeowners have been let down by their bank’s handling of COVID-19, according to new research by Butterfield Mortgages Limited (BML)
Posted: 21/09/2020
The first half of 2020 saw a 14% drop in customer activity across the equity release market from the same period last year, as well as a 15% drop in new plans agreed, new data from the Equity Release Council (ERC) has revealed
Posted: 21/09/2020
The number of landlords looking to increase the number of properties they own has jumped by 71%, according to research commissioned by The Mortgage Lender
Posted: 21/09/2020
HSBC has allowed fraudsters to transfer millions of dollars around the world even after it had learned of their scam, according to leaked secret files
Posted: 21/09/2020
Criteria searches from first-time buyers, first-time landlords and non-owner occupiers have seen an 18% increase since the beginning of September, according to new data from Legal & General Mortgage Club
Posted: 21/09/2020
PRIMIS Mortgage Network has announced the addition of Pepper Money to its lender panel
Posted: 21/09/2020
SDL Surveying has announced that the start of September saw the business record its three best days of case volumes in the last five years
Posted: 18/09/2020
Accord Mortgages has announced it will be offering a new limited release of 90% LTV products for first-time buyers, exclusively for brokers
Posted: 18/09/2020
No new 2p or £2 coins are to be produced for at least a decade, The Royal Mint has confirmed, following a slump in cash use as a result of the COVID-19 pandemic
Posted: 18/09/2020
Parents across the UK have withdrawn a total sum of £2.75bn from their children’s savings since the beginning of lockdown on 23 March, new research from Direct Line Life Insurance has revealed
Posted: 18/09/2020
The FCA must “flex its muscle” to bring its full weight of enforcement power down on criminals breaking anti-money laundering (AML) rules, according to AML expert, SmartSearch
Posted: 17/09/2020
Brilliant Solutions has announced the addition of LiveMore Capital to its panel of lenders with immediate effect
Posted: 17/09/2020
The Bank of England (BoE) has announced that the UK base interest rate will remain at 0.1%
Posted: 17/09/2020
West One Loans has announced a series of enhancements to its residential and buy-to-let (BTL) second charge product ranges
Posted: 17/09/2020
Remortgage instruction volumes across the UK fell by 31% between July and August, according to new data from LMS
Posted: 17/09/2020
Foundation Home Loans has announced a wide range of buy-to-let (BTL) rate reductions across all its product tiers and property types
Posted: 17/09/2020
Sesame Network has announced it is partnering with Mortgage Brain to assist advisers with a smooth adoption of new FCA requirements
Posted: 17/09/2020
Hope Capital has recorded a 128% rise in new cases between June and August compared to the same period in 2019
Posted: 17/09/2020
The FCA has announced that interim chief executive, Christopher Woolard, will chair a review on the future regulation of the unsecured credit market
Posted: 16/09/2020
Brokers using Mortgage Brain’s Criteria Hub can now search across a wide range of new criteria that have been added to the sourcing system, the mortgage technology expert has announced
Posted: 16/09/2020
The British Business Bank has revealed that the stock of finance supported through its programmes was £8bn at the end of March, an increase of 21% from £6.6bn in March 2019
Posted: 16/09/2020
The FCA has announced new proposals for firms to provide tailored support for users of consumer credit and overdraft products facing financial difficulties due to COVID-19
Posted: 16/09/2020
Average house prices in the UK increased by 3.4% in the year to June, climbing from 1.1% in May, according to the latest UK House Price Index
Posted: 16/09/2020
UK Finance has revealed that almost 15,000 impersonation scam cases were reported by its members between January and June 2020, an increase of 84% compared to the same period last year
Posted: 16/09/2020
Almost half of homeowners are on their provider’s Standard Variable Rate (SVR) and could make savings of up to £5,000 by switching to a new fixed rate deal, according to new data from Experian
Posted: 16/09/2020
Unemployment rising sharply before the start of the winding down of the Coronavirus Job Retention Scheme from August leaves the UK facing an “extremely challenging autumn”, according to the Resolution Foundation
Posted: 15/09/2020
Fear around financial scams has increased over the past three months with 36% of UK adults indicating that their worry levels have increased, new data from Canada Life has revealed
Posted: 15/09/2020
The UK’s new rental hotspots are further afield from traditional commuter hubs, according to new data from Rightmove
Posted: 15/09/2020
Greenfield Mortgages has announced the completion of a bridging loan with John Charcol, Greenfield’s first deal with the mortgage broker
Posted: 15/09/2020
PRIMIS Mortgage Network has announced it is partnering with credit reporting agency, Experian
Posted: 15/09/2020
The average mortgage value for purchases climbed 12.4% over July and August compared to the same period in 2019, despite the impact of COVID-19 on the market, new analysis from the MCI Mortgage Club has revealed
Posted: 15/09/2020
First-time buyers who would normally commute to London could have saved an average extra £1,627.19 towards their housing deposit by working from home during the COVID-19 pandemic, according to new research from Trussle
Posted: 15/09/2020
Mortgage Advice Bureau (MAB) has announced the launch of Mortgage Advice Bureau Later Life (MAB Later Life), as part of a new strategic partnership with later life lending specialist, Key Group
Posted: 15/09/2020
Only 6.6% of pension fraud reports submitted to Action Fraud in 2019 passed the review process and were given to the police to investigate, according to new research from Quilter
Posted: 14/09/2020
Professional financial advice helps to improve the emotional wellbeing of customers on top of the expected financial benefits, new research from Royal London has suggested
Posted: 14/09/2020
Bitcoin will replace gold as the “ultimate financial safe haven” within a generation, according to deVere Group
Posted: 14/09/2020
Funding retirement is the biggest money worry for employees in the UK, according to a new report from Close Brothers
Posted: 14/09/2020
Concerns about a potential cliff edge scenario for the UK’s mortgage market on 31 October could be “exaggerated”, according to new research from the Intermediary Mortgage Lenders Association (IMLA)
Posted: 14/09/2020
The FCA has confirmed the support that mortgage borrowers will receive if they continue to face payment difficulties due to COVID-19
Posted: 14/09/2020
One Mortgage System (OMS) has announced that it has been adopted by The Loan Partnership as its primary technology provider
Posted: 14/09/2020
Prime Minister Boris Johnson’s plans to rewrite parts of the Brexit withdrawal agreement could trigger a “significant exodus of wealth” from the UK, deVere Group CEO Nigel Green has warned
Posted: 11/09/2020
There were 13 overseas transfer charges paid to HMRC in 2019/20 from pension transfers to Qualifying Recognised Overseas Pension Schemes (QROPS), a 46% fall compared to 2018/19, a freedom of information request from Canada Life has revealed
Posted: 11/09/2020
LSL’s Financial Services business has announced that David Copland is to leave his role as LSL’s director of mortgage services at the end of October
Posted: 11/09/2020
The UK economy grew by 6.6% in July, according to Office for National Statistics (ONS) figures, but still remains far below pre-pandemic levels
Posted: 11/09/2020
Ipswich Building Society has today announced that it is reintroducing products within its standard residential, buy to let (including expat buy to let) and holiday let ranges
Posted: 10/09/2020
The Financial Conduct Authority (FCA), the Prudential Regulation Authority (PRA) and the Bank of England (BoE) have announced the appointment of Amerdeep Somal as complaints commissioner
Posted: 10/09/2020
One in 10 workers have paused their pension contributions since the start of lockdown, with a further 13% considering pausing contributions, according to research by Canada Life
Posted: 10/09/2020
Seventy-nine per cent of brokers are seeing more clients who are unaware that they have poor credit files
Posted: 10/09/2020
Thirty-one per cent of homebuyers have been denied a mortgage since the introduction of the stamp duty holiday, a new survey from Market Financial Solutions (MFS) has revealed
Posted: 09/09/2020
Keystone Property Finance has launched its new 'Autumn Special' products, available across both its standard and specialist buy-to-let ranges
Posted: 09/09/2020
Matt Burton has been named as Hodge’s new group retail director and deputy CEO
Posted: 09/09/2020
AJ Bell Investcentre has launched Fundamentals, a new service designed to help financial advisers complete investment research and due diligence on funds and ETFs
Posted: 09/09/2020
Housing Secretary Robert Jenrick has announced a new model for shared ownership to help more people onto the property ladder by vastly reducing the minimum initial share, and launching a consultation to ensure new homes deliver the accessibility that families need
Posted: 08/09/2020
The needs of 'non-standard' customers could end up being excluded from the development of open finance if advisers do not respond to the FCA’s Call for Input by next month, Bluestone Mortgages has said
Posted: 08/09/2020
The outstanding value of all residential mortgages loans was £1,513.3bn at the end of Q2 2020, 3.2% higher than a year earlier, according to latest figures published by Bank of England
Posted: 08/09/2020
The lockdown and fears over the severity of the COVID-19 recession have prompted households to save cash at a record pace, according to Janus Henderson Investment Trusts
Posted: 08/09/2020
Lenders continuing to tighten criteria is clearly still a significant issue for people with small deposits, as Knowledge Bank recorded that ‘Temporary Maximum LTV Restrictions’ topped broker searches last month for the sixth month running
Posted: 08/09/2020
Zephyr Homeloans has become the latest lender to join the Intermediary Mortgage Lenders Association (IMLA), bringing the total number of IMLA members to 43
Posted: 08/09/2020
United Trust Bank has appointed Mark Stokes, former managing director - commercial banking, Metro Bank, to the newly created role of chief commercial officer
Posted: 07/09/2020
David Landen has been named as Hodge’s new CEO, with immediate effect
Posted: 07/09/2020
August saw the second highest monthly volume of ESIS generated through Mortgage Brain's sourcing system thus far in 2020
Posted: 07/09/2020
House prices were 1.6% higher in August than in July and 1.3% higher in the latest quarter (June to August) compared to the preceding three months (March to May)
Posted: 07/09/2020
The government has confirmed that the age at which individuals can access their private pension will increase from 55 to 57 in 2028
Posted: 04/09/2020
The Competition and Markets Authority (CMA) is launching enforcement action involving four leading housing developers it believes may have broken consumer protection law in relation to leasehold homes
Posted: 04/09/2020
The coronavirus pandemic has accelerated the adoption of technology across the financial advice sector, although many advisers remain who must still be educated about the benefits, 360 Dotnet has suggested
Posted: 04/09/2020
Foundation Home Loans has announced that its director of marketing, Jeff Knight, will be leaving the business this month
Posted: 04/09/2020
New house purchase lending was down 48% for Q2 2020 compared to Q2 2019, according to latest figures published by UK Finance in its Household Finance Review 2020
Posted: 04/09/2020
The number of first-time buyers in Scotland is at a seven-year low, having fallen by 35% in the last year, according to new data from the Bank of Scotland
Posted: 03/09/2020
Under-35s are the least likely age group to seek professional financial advice, with just 20% saying that they have previously sought advice from an IFA, new research from Hodge has revealed
Posted: 03/09/2020
House prices for first-time buyers have increased by 69% over the past decade, with the average price of £142,473 in 2010 rising to £241,025 today, new data from Halifax has revealed
Posted: 03/09/2020
Hope Capital has announced the launch of two new bridging loan products at 70% and 75% LTV
Posted: 03/09/2020
Responsible Life has reported a 52% annual surge in lifetime mortgages sales, with retirees increasingly looking to equity release as part of their financial planning
Posted: 03/09/2020
Foundation Home Loans has enhanced its residential product range, designed for intermediaries’ “more extraordinary cases”
Posted: 03/09/2020
The Nottingham for Intermediaries has announced the addition of Ingard to its mortgage distribution panel
Posted: 03/09/2020
The coronavirus pandemic has led to a sharp increase in the number of younger people preparing wills, according to new research from Farewill
Posted: 02/09/2020
The number of people being unable to save has almost doubled to 21% in the last year, according to figures from Yorkshire Building Society
Posted: 02/09/2020
Tax increases could stifle SME growth and be detrimental to the economic recovery in the UK, investment firm, IW Capital, has warned
Posted: 02/09/2020
The accounting deficit of defined benefit (DB) pension schemes for the UK’s 350 largest listed companies fell from £103bn at the end of July, to £82bn on 28 August, according to Mercer’s latest Pensions Risk Survey
Posted: 02/09/2020
UK house prices saw a rise of 2.0% in August after taking account of seasonal effects, according to the latest Nationwide House Price Index
Posted: 02/09/2020
PMS Mortgage Club has announced it is expanding its Zenith protection panel for directly authorised (DA) firms with the addition of six new providers
Posted: 02/09/2020
Parents in England are facing a £195,919 premium to live near an Ofsted rated ‘outstanding’ state secondary school, new research from Trussle has revealed
Posted: 01/09/2020
The remortgage market is sprouting “green shoots of recovery”, according to new data released by Legal Marketing Services (LMS)
Posted: 01/09/2020
UK households borrowed an additional £2.7bn secured on their homes during July, up from £2.4bn in June, new data published by the Bank of England (BoE) has revealed
Posted: 01/09/2020
Accord Mortgages has announced that from today it will no longer accept new lending applications from applicants on furlough
Posted: 01/09/2020
The ‘Bank of Mum and Dad’ (BoMaD) will be a driving force behind the recovery of the UK’s housing market in the wake of the COVID-19 crisis, according to new research from Legal & General and Cebr
Posted: 01/09/2020
Vida Homeloans has announced a full return to the intermediary mortgage market, as well as the launch of a new AI-driven chatbot
Posted: 01/09/2020
Mortgage Brain has announced Virgin Money as the latest lender to join its multi-lender application and submission gateway, Lendex
Posted: 01/09/2020
Mortgage Engine has announced a new partnership with software provider, 360 Dotnet
Posted: 01/09/2020
Mortgage Brain has announced that Mark Lofthouse plans to retire in 2021, following 19 years as CEO
Posted: 28/08/2020
Air Group has announced the launch of its inaugural ‘Air Care Month’ during September, sponsored by retirement and care specialist, Just Group
Posted: 28/08/2020
Over-65s have seen their property wealth increase by more than £6,000 each on average in the past year, despite the housing market going into lockdown, according to new analysis from Key
Posted: 28/08/2020
More than £14m has been lost to COVID-19 related scams up to 31 July, according to Action Fraud figures that were analysed by TSB
Posted: 27/08/2020
Pre-approval rates for credit cards have doubled in the last month, according to new analysis from Experian
Posted: 27/08/2020
Knowledge Bank has announced it is making appointments in three new roles following a significant uptake of its criteria search system since the start of the COVID-19 pandemic
Posted: 27/08/2020
O’Neill Patient has launched the pilot of a new one-stop app that enables clients to progress conveyancing cases directly from a mobile device
Posted: 27/08/2020
SimplyBiz Mortgages has announced the addition of buy-to-let (BTL) lender Zephyr Homeloans to its panel with immediate effect
Posted: 27/08/2020
House prices are set to hold firm for the remainder of the year despite rising unemployment and the onset of recession in the UK, according to the latest Zoopla House Price Index
Posted: 27/08/2020
Dudley Building Society has announced it is making a phased return to lending with its core range of residential mortgages
Posted: 27/08/2020
Sixty-six per cent of homeowners over the age of 50 fear being forced into selling their family home to be able to afford later life care, according to research from Nationwide
Posted: 26/08/2020
Thousands of sellers are coming to the property market in the southern commuter belt as a result of the stamp duty holiday, according to new Rightmove data
Posted: 26/08/2020
A total of £30,857,329 has been reportedly lost to pension scammers since 2017 according to complaints filed with Action Fraud, data from the FCA and The Pensions Regulator has revealed
Posted: 26/08/2020
The FCA has announced new draft proposals for firms to provide tailored support to mortgage borrowers facing payment difficulties due to COVID-19
Posted: 26/08/2020
The Financial Ombudsman Service has announced that it has received more than 3,500 complaints related to COVID-19
Posted: 26/08/2020
Stonebridge has revealed it processed over £1bn worth of mortgage applications during July
Posted: 26/08/2020
Principality Building Society has announced a new partnership with Iress to streamline the mortgage process for the society’s brokers, colleagues and customers
Posted: 26/08/2020
More than four million people within a decade of pension access are oblivious to free government-backed guidance, according to new research published by Just Group
Posted: 25/08/2020
Buy-to-let (BTL) gross mortgage lending totalled £42.2bn in 2019, reflecting a rise of 4.2% against 2018, new data published by UK Finance has revealed
Posted: 25/08/2020
A quarter of investors in the UK are planning to take advantage of the stamp duty holiday, according to new research from FJP Investment
Posted: 25/08/2020
Half of financial advisers (50%) have lost a female client’s business once that client’s partner has passed away, according to a new report published by Fidelity International
Posted: 25/08/2020
Over a thousand investment firms in the UK will be adversely impacted by the FCA’s new prudential regime for MiFID firms, according to research from Bovill
Posted: 25/08/2020
Sixty-five per cent of financial advisers have revealed they felt sufficiently protected against catching COVID-19 if they needed to go back into the office or meet with clients, a new Personal Finance Society survey has found
Posted: 25/08/2020
Equifinance has migrated its existing secured loan portfolio onto the Phoebus Software Limited (PSL) account servicing product, following the signing of a five-year contract
Posted: 25/08/2020
Eighty-two per cent of potential self builders would feel more inclined to consider a brownfield site if they were offered a tax break such as VAT exemption or other monetary benefit, new research from Ipswich Building Society has revealed
Posted: 24/08/2020
Fifty-three per cent of financial adviser firm employees are set to work remotely in the long-term, wholly or at least in part, according to new research from Intelliflo
Posted: 24/08/2020
Market Financial Solutions (MFS) has announced it is launching a £60m COVID-19 recovery fund
Posted: 24/08/2020
Demand for property in the UK has surged since markets reopened in May, as pent-up demand, the stamp duty holiday and extension of the furlough scheme all continue to support a strong recovery in the market, according to analysis from Knight Frank
Posted: 24/08/2020
House prices in Wales remained steady during the second quarter of 2020 despite the coronavirus pandemic, with the average house price reaching £191,880
Posted: 24/08/2020
The FCA has revealed it is investigating more than 150 scams related to coronavirus since the pandemic began
Posted: 24/08/2020
Promise Money has announced the launch of a new broker packaging system as well as a new intermediary website
Posted: 24/08/2020
Metro Bank has announced the launch of a new partnership with software accountant, Clear Books
Posted: 21/08/2020
The total cost of furloughing hit £30.9bn at the end of July, up from £26.5bn at the end of June, new government figures have revealed
Posted: 21/08/2020
Government proposals to reform the calculation of the Retail Price Index (RPI) could cost £122bn if plans go ahead to implement the changes in 2025
Posted: 21/08/2020
There were 70,710 residential property transactions in the UK during July, a total 14.5% higher than the number recorded in June, new HMRC figures have revealed
Posted: 21/08/2020
Forty-one per cent of all equity released in the first half of 2020 was used to pay off debts, according to new analysis from Key
Posted: 21/08/2020
The UK business sector needs more financial support as a whole to ensure alternative lenders are not frozen out during the COVID-19 crisis, according to Conister Finance & Leasing
Posted: 20/08/2020
Millions of teenagers in the UK are set to receive money from Child Trust Funds (CTFs) that has been waiting for them since they were young children, the Treasury has announced
Posted: 20/08/2020
Investors in the Woodford Equity Income fund are to get their next tranche of money before the end of the month
Posted: 20/08/2020
Principality Building Society has announced a new partnership with insurance specialist firm, Vita, to offer whole of market protection advice to its members
Posted: 20/08/2020
The UK’s housing supply could struggle to match the post-lockdown demand from home buyers, new figures from Legal & General Mortgage Club have revealed
Posted: 20/08/2020
Mortgage Brain has reported that a total £10bn worth of affordability checks have been carried out through its sourcing system, Affordability Hub
Posted: 20/08/2020
More than twice as many principals, advisers and administrators are worrying about the impact of a second coronavirus lockdown than about Brexit, according to new research from the MCI mortgage club
Posted: 20/08/2020
Paragon Bank has announced it is increasing interest rates across its range of fixed rate saving accounts
Posted: 19/08/2020
Reliance Bank has announced a new partnership with Knowledge Bank to improve the way its mortgage criteria is shared with the intermediary market
Posted: 19/08/2020
The Consumer Prices Index (CPI) 12-month rate of inflation increased to 1.0% in July, rising from 0.6% in June, according to new figures from the Office for National Statistics (ONS)
Posted: 19/08/2020
Mansfield Building Society has announced a new partnership with Brilliant Solutions Mortgage Club
Posted: 19/08/2020
United Trust Bank (UTB) has launched a new app, its UTB Secure Chat Hub, which will provide brokers and customers a secure way of communicating with the bank during mortgage applications
Posted: 19/08/2020
The average house price in the UK increased by 2.6% over the year to April 2020, down from 3.5% in March, new data published by the Office for National Statistics (ONS) has revealed
Posted: 19/08/2020
Loans Warehouse has announced that it has gained full authorisation from the FCA for regulated bridging activity
Posted: 19/08/2020
Intermediaries are confident about the mortgage market’s prospects after a busy second quarter of 2020, according to new data from the Intermediary Mortgage Lenders Association (IMLA)
Posted: 19/08/2020
Crystal Specialist Finance (CSF) has announced the launch of a long-term health and wellbeing campaign for the intermediary sector
Posted: 18/08/2020
Cash is still the most popular method for grandparents passing down assets to grandchildren, according to new research from Killik & Co
Posted: 18/08/2020
More than half (55%) of over-45s would find a referral to a financial adviser ‘helpful’ when planning future care costs, according to new research from Just Group
Posted: 18/08/2020
Redwood Bank has announced that it has now lent more than £250m to its customers in just less than three years
Posted: 18/08/2020
The final month of full lockdown saw the annual growth rate of outstanding credit card balances fall by 12.6% in the year to May, as consumers continued to pay down their credit card bills, new UK Finance figures have revealed
Posted: 18/08/2020
Hanley Economic Building Society has announced an extensive criteria review across its entire product range
Posted: 18/08/2020
Foundation Home Loans has announced cuts to rates for three of its five-year buy-to-let (BTL) products, available to both limited company and individual landlord borrowers
Posted: 18/08/2020
Air Mortgage Club has announced the addition of specialist mortgage lender, LiveMore Capital, to its panel
Posted: 18/08/2020
The perception of financial wellbeing in UK households fell in August, according to data from the latest IHS Markit UK Household Finance Index
Posted: 17/08/2020
More needs to be done to support the UK’s mortgage prisoners if recent FCA changes are to gain traction within the intermediary market, according to Concept Financial Services
Posted: 17/08/2020
The post-lockdown mini-boom in the housing market is showing signs of accelerating rather than slowing down, according to the latest Rightmove House Price Index
Posted: 17/08/2020
The Government has announced that self-employed people whose incomes have been affected by COVID-19 will be able to claim a second payment of up to £6,570 from today
Posted: 17/08/2020
Uinsure has reintroduced landlords legal expenses and rent guarantee cover to its buy-to-let (BTL) product for landlords
Posted: 17/08/2020
Legal & General Mortgage Club has announced Canada Life and Just as the latest lenders to join its panel
Posted: 17/08/2020
PRIMIS Mortgage Network has announced a new partnership with intermediary-only specialist lender, Foundation Home Loans
Posted: 17/08/2020
There was a total of 955 company insolvencies in England and Wales in July, a decrease of 34% compared to the same month last year, new data published the Insolvency Service has revealed
Posted: 14/08/2020
Openwork Holdings has announced the appointments of Anne Grim and Rosanne Murison as non-executive directors to its board
Posted: 14/08/2020
The Land Registry has announced that it will resume its publication of the UK House Price Index, following the suspension of the index in May
Posted: 14/08/2020
Dynamo for Intermediaries has announced that Saffron Building Society has joined its lender panel
Posted: 14/08/2020
Remortgage instruction volumes around the UK fell by 24% between June and July, according to new data published by Legal Marketing Services (LMS)
Posted: 14/08/2020
Saffron Building Society has highlighted that not all lenders are penalising borrowers who are unable to save for their deposit, as the mortgage industry starts to tighten its criteria
Posted: 13/08/2020
Mortgage Brain has confirmed that Nationwide has joined its new multi-lender application and submission gateway, Lendex
Posted: 13/08/2020
Falling incomes and the risk of more restrictive lending look set to leave first-time buyers struggling to get onto the property ladder even if house prices fall, new analysis published by the Resolution Foundation has highlighted
Posted: 13/08/2020
The Government made £9.5bn from 276,000 capital gains tax (CGT) taxpayers in the 2018/19 tax year, according to new HMRC data
Posted: 13/08/2020
The housing market gained momentum in July as its recovery continued, according to July’s RICS UK Residential Survey
Posted: 13/08/2020
There were 73,580 homeowner mortgages in arrears of 2.5% or more of the outstanding balance in the second quarter of 2020, a figure 3% lower than in the same quarter last year, new UK Finance figures have revealed
Posted: 13/08/2020
Seventy-seven per cent of UK adults have indicated that lockdown has prompted them to make new financial resolutions for the next three to six months, rising to nine in 10 people aged under 35 (91%), according to AA Financial Services
Posted: 12/08/2020
KIS Finance has reported a 121% increase in bridging loan enquiries since the Government announced the stamp duty holiday on 8 July
Posted: 12/08/2020
Thirty-one per cent of people in the UK used the lockdown period to pay down their debt, according to new analysis from Experian
Posted: 12/08/2020
The Mortgage Lender has announced an increase to its LTV for capital raising landlords from 65% to 75% on all remortgage products
Posted: 12/08/2020
West One has announced the launch of two limited edition buy-to-let (BTL) products available to standard and specialist landlords
Posted: 12/08/2020
The UK has officially fallen into recession after the latest GDP figures from the Office for National Statistics (ONS) revealed the economy suffered its biggest fall on record during the second quarter
Posted: 12/08/2020
Two in five people aged between 18 and 34 have either reduced (28%) or stopped (12%) their pension contributions as result of the COVID-19 pandemic, according to new research from Royal London
Posted: 12/08/2020
The Brightstar Group has become the first business in the mortgage market to launch its own Track & Trace system
Posted: 11/08/2020
TMA Club has announced it is adding LiveMore Capital to its lifetime mortgage panel
Posted: 11/08/2020
The Personal Finance Society (PFS) has announced it is launching a new associate firm membership
Posted: 11/08/2020
The stamp duty holiday has not had an immediate impact on the UK mortgage market in the month since Rishi Sunak’s announcement, according to new data from Trussle
Posted: 11/08/2020
Mortgage Engine has announced that it will provide Fluent Mortgages with access to its application programming interface (API) technology
Posted: 11/08/2020
Aspen Bridging has completed a £150,000 development exit bridging loan on a remote property in Wales, using only its desktop valuations system to overcome national lockdown restrictions
Posted: 11/08/2020
The MCI Mortgage Club has added LiveMore Capital to its panel and extended its range of products to include retirement interest only (RIO) mortgages
Posted: 11/08/2020
Pension schemes could offer a solution to UK businesses struggling with cash flow difficulties resulting from the coronavirus pandemic, according to research from Old Mill
Posted: 10/08/2020
Accord Buy To Let has announced it will now accept applications from first-time landlords, up to a maximum LTV of 75%
Posted: 10/08/2020
The number of house offers accepted in UK markets between 8 July and 3 August was 146% above the five-year average for properties valued at less than £1.5m, new analysis from Knight Frank has revealed
Posted: 10/08/2020
Sanlam UK has announced the launch of its ‘Sanlam on Demand’ service which offers no-obligation, virtual consultations with expert finance professionals
Posted: 10/08/2020
FTSE350 companies with defined benefit (DB) pension schemes have been hit “especially hard” by the economic crisis resulting from COVID-19, according to research from Barnett Waddingham
Posted: 10/08/2020
United Trust Bank (UTB) and Freedom Finance have progressed a second charge case from application to offer using the recently launched B2B digital messenger service developed by Nivo
Posted: 10/08/2020
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
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
Mortgage Insider Episode 1 Outlook for the UK Economy
Barclays brings you the Mortgage Insider podcast to help make sense of this extraordinary time. Presenters Claire MacPhail and Tony Rimmer talk to industry figures about the fast-changing market.
Exploring EARTH
Adam Cadle speaks to Edward Lees, Co-head of environmental strategies group, BNP Paribas Asset Management, about the investment opportunity for the coming decades: the environment.
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