Latest News

Lenders report rise in availability of secured credit – BoE


By Michael Griffiths

Lenders have reported that the availability of secured credit to households increased in the three months to the end of February, according to the latest Bank of England (BoE) Credit Conditions Survey.

Industry figures are also expecting the availability of secured credit to increase over the next three months, to the end of May


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Three in five borrowers to seek mortgage advice in wake of pandemic

Three in five (60%) borrowers whose financial circumstances have been impacted by the coronavirus pandemic agree it will be important to seek advice when looking to secure their next mortgage, according to new research from Legal & General Mortgage Club

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Govt urged to tackle investment scam threat

Quilter has written to the Prime Minister and the Minister for Digital and Culture calling on the government to include scams and other financial harms within scope of the forthcoming Online Safety Bill

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Financial adviser banned and fined by FCA for ‘lacking honesty and integrity’

A financial adviser has been banned and fined £68,300 by the FCA for “lacking honesty and integrity”

Air Group launches new fact find and suitability report

Air Group has announced the launch of a new fact find and suitability report for advisers, which will be available via its Air Sourcing platform

Fleet Mortgages announces new criteria changes

Fleet Mortgages has announced several new criteria changes which it is to introduce with immediate effect
Mortgage Brain enhances lender insights offering

Mortgage Brain has made a significant enhancement to its lender insights offering, which is available to lenders who use its criteria-based sourcing solution Criteria Hub

Newcastle Intermediaries announces cuts to 85% LTV range

Newcastle Intermediaries has announced new rate cuts across its 85% LTV range by up to 0.20%

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Categories

Retirees could earn £32k in tax free income this year

Someone entering into retirement can now draw a minimum of £32,870 a year across a range of different investments before paying any income tax, according to new calculations from Quilter

Advisers drawn to IHT benefit of AIM investments

More than half of advisers (54%) would cite the Inheritance Tax (IHT) benefit that Alternative Investment Market (AIM) investments can offer as one of the most important factors in their investment, new research has revealed

Retired households taking 14% tax hit

Retired households are losing around 14% of their income a year to direct taxes, according to new analysis from Key

Announcements on IHT welcomed by experts

Inheritance Tax (IHT) experts have welcomed the government’s announcement that reporting regulations for IHT are to be simplified later this year

Financial adviser banned and fined by FCA for ‘lacking honesty and integrity’

A financial adviser has been banned and fined £68,300 by the FCA for “lacking honesty and integrity”

FCA begins criminal proceedings against NatWest

The FCA has commenced criminal proceedings against NatWest over alleged money laundering offences

FCA publishes updated guidance on mortgage repossessions

Firms in the financial services sector should not enforce mortgage repossessions, except in exceptional circumstances, before 1 April, according to updated draft guidance published by the FCA

FCA censures Premier FX for ‘seriously misleading’ customers

The FCA has publicly censured Premier FX for failing to safeguard its customers’ money and for misuse of its payment accounts under the Payments Services Regulations

Govt urged to tackle investment scam threat

Quilter has written to the Prime Minister and the Minister for Digital and Culture calling on the government to include scams and other financial harms within scope of the forthcoming Online Safety Bill

Lenders report rise in availability of secured credit – BoE

Lenders have reported that the availability of secured credit to households increased in the three months to the end of February, according to the latest Bank of England (BoE) Credit Conditions Survey. Industry figures are also expecting the availability of secured credit to increase over the next three months, to the end of May

More female advisers needed to improve engagement in retirement planning

Action must be accelerated to encourage greater gender diversity in the adviser community and help support female clients, senior industry figures have argued

Consumer finance new business falls by 26% in February

The total value of consumer finance new business fell by 26% in February compared with the same month in 2020, new figures published by the Finance & Leasing Association (FLA) have revealed

Freeze in MPAA set to ‘squeeze’ pension savers

A freeze in the money purchase annual allowance (MPAA) along with changing tax thresholds is set to “squeeze” many more basic rate taxpayers, according to Just Group

DC pension contributions bounce back after pandemic drop

Employee contributions to private sector defined contribution (DC) pension schemes jumped by 12% to £1.8bn in the three months to September 2020, new data published by the Office for National Statistics (ONS) has revealed

Drop in pension scam reporting as industry urged to take action

A long-term drop in reporting of pension scams needs to prompt the pensions industry into raising more suspected cases of fraud, according to The Pensions Regulator (TPR)

A fifth of older workers forced to delay retirement due to pandemic

Nearly one in five (19%) employees aged between 65 and 74 have delayed their retirement as a result of the pandemic, according to a new report from Close Brothers

Shawbrook Bank announces Access Partnership investment

Shawbrook Bank has announced an undisclosed investment in private-equity backed Access Partnership

Financial confidence amongst investors falters amid pandemic

Less than half (47%) of people with investable assets of under £500,000 are confident about their finances, according to a Sanlam survey

Suros Capital provides property renovation bridge in six hours

Specialist short-term lender, Suros Capital, has provided finance to a client within six hours of an enquiry, enabling them to finalise a property renovation project

Advisers urged to reconsider investment bonds

Sanlam UK has urged financial advisers to give investment bonds renewed attention

Twenty7Tec integrates with TSB

Twenty7Tec has announced it has completed an APPLY integration with TSB, enabling users of CloudTwenty7 to seamlessly submit applications to TSB without the need for rekeying data

OMS partners with LDNfinance

One Mortgage System (OMS) has been adopted by LDNfinance as its primary tech provider

New technology platform Pitch 4 Finance launches

A new technology platform has launched to help intermediaries source solutions for their clients in the bridging, property development, commercial term loans and complex buy-to-let spaces

Foundation Home Loans partners with ULS technology

ULS technology has agreed a new partnership with Foundation Home Loans to provide an integrated panel management service to the specialist lender

Newcastle Intermediaries announces cuts to 85% LTV range

Newcastle Intermediaries has announced new rate cuts across its 85% LTV range by up to 0.20%

Fleet Mortgages announces new criteria changes

Fleet Mortgages has announced several new criteria changes which it is to introduce with immediate effect

Air Group launches new fact find and suitability report

Air Group has announced the launch of a new fact find and suitability report for advisers, which will be available via its Air Sourcing platform

Mortgage Brain enhances lender insights offering

Mortgage Brain has made a significant enhancement to its lender insights offering, which is available to lenders who use its criteria-based sourcing solution Criteria Hub

BLOG: 6 ways open banking will reshape the lending landscape in the UK

Yolt Technology Services explores how open banking will reshape the lending landscape in the UK

BLOG: Housing equity: a long-term care funding solution for the future?

Pure Retirement CEO, Paul Carter, explores the role that housing equity can play in providing long-term care for the over-50s

BLOG: Customised Accounts – Making Private Equity Bespoke

Neuberger Berman’s Joana Rocha Scaff discusses the key advantages of tailoring bespoke custom accounts for clients in the private equity market

BLOG: Skipton Building Society for Intermediaries

Skipton discusses its ‘Making Things Easier for You’ initiative

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Mortgage Insider Series 2 Episode 3 Mortgage Fraud & Scams
Our award-winning podcast for mortgage brokers is back! Mortgage Insider returns for a second series to help brokers make sense of these extraordinary times.



Join Claire MacPhail and Tony Rimmer, our Business Development Manager hosts, as they chat with Barclays experts and industry thought leaders on those topics most pressing for brokers - including the UK’s economic outlook, mortgage fraud, the pandemic’s impact on mental health and wellbeing, and diversity.

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