Archive News

The Chancellor is expected to announce a freeze in the lifetime allowance at £1,073,100 for the rest of this Parliament, according to reports
Posted: 26/02/2021
The economy could benefit from a £28bn injection if the government “tapered off” the Stamp Duty Land Tax (SDLT) holiday rather than sticking to a hard stop, research has suggested.

Online mortgage broker, Trussle, and Legal & General Mortgage Club, have called for a tapering off of the holiday as an alternative and fairer way to bring the scheme to a close
Posted: 26/02/2021
Air Group has released its second half-year equity release provider ‘Temperature Check’ report, which focuses on a number of key service measures, as experienced by advisers
Posted: 26/02/2021
Property Master has called on the Chancellor to use next week’s Budget to offer more support to landlords who are struggling to meet the cost of the government’s new energy efficiency rules
Posted: 26/02/2021
Accord Mortgages has announced it is reducing rates across its higher LTV ranges by up to 10 basis points to help brokers support their clients with smaller deposits
Posted: 26/02/2021
The Intermediary Mortgage Lenders Association (IMLA) is calling on the Chancellor to take action in several key areas to ensure the housing market continues to help the UK’s economic recovery from the coronavirus pandemic
Posted: 25/02/2021
Knowledge Bank and Iress have partnered to provide the UK’s first, fully-integrated product and criteria sourcing system
Posted: 25/02/2021
Foundation Home Loans has announced it is cutting rates across several products within both its residential and buy-to-let (BTL) ranges
Posted: 25/02/2021
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
Posted: 25/02/2021
Up to 234,000 home buyers who have already agreed a sale could be exempt from paying Stamp Duty Land Tax (SDLT), should the Chancellor confirm his three-month extension to the holiday in next week’s Budget.

According to new analysis by Zoopla, this could equate to a total estimated saving of £984m for those buyers
Posted: 25/02/2021
Older homeowners gifted an average £42,500 to younger relatives to help them get on or move up the property ladder in 2020, new data published by Key has revealed
Posted: 25/02/2021
Just Mortgages has announced it is making further recruitments into its academy for brokers
Posted: 25/02/2021
Mortgage Brain has announced the appointment of Zahid Bilgrami as the group’s new CEO
Posted: 24/02/2021
One in four investors have switched financial services providers due to poor service that they have received during the coronavirus pandemic, according to new research by Market Financial Solutions (MFS)
Posted: 24/02/2021
The Equity Release Council has launched a new competency framework to support financial advisers in the equity release and later life lending market
Posted: 24/02/2021
MCI Mortgage Club has announced the appointment of Ipswich Building Society to its lender panel
Posted: 24/02/2021
Outstanding balances on credit card accounts fell by 15.7% in the year to November 2020, the fourth successive month in which repayments outstripped borrowing, new UK Finance figures have revealed
Posted: 24/02/2021
The Chancellor is preparing to extend the stamp duty holiday to the end of June in an attempt to keep the property market afloat, according to reports
Posted: 24/02/2021
Portfolio management platform, Lendlord, has launched an online bridging lender for property investors
Posted: 24/02/2021
Market Financial Solutions (MFS) has secured its second funding line in 2021 from a leading global hedge fund
Posted: 24/02/2021
A specialist police unit funded by the banking and finance industry prevented almost £20m of fraud in 2020
Posted: 23/02/2021
Mortgage advisers are expecting no decrease in buy-to-let (BTL) purchase activity once the stamp duty holiday comes to an end, according to new research by Pepper Money
Posted: 23/02/2021
The number of people receiving a State Pension fell by 1.6% in the year to August 2020, new figures published by the Department for Work and Pensions (DWP) have revealed
Posted: 23/02/2021
The FCA has published its final guidance for firms to improve the way the financial services industry treats vulnerable customers
Posted: 23/02/2021
The total number of residential property transactions in the UK reached 121,640 in January, a 24.1% increase from the total recorded in January 2020, new HMRC figures have revealed
Posted: 23/02/2021
Home movers in England and Wales are saving an average £11,566 as a result of the stamp duty holiday, according to figures published by Halifax
Posted: 23/02/2021
SmartSearch has called on lenders, brokers and conveyancers to learn from the government’s failure to prevent the loss of billions of pounds in COVID-related fraud over the past 12 months
Posted: 23/02/2021
The shortlist for the third annual Asset Management Awards 2021 has been announced
Posted: 22/02/2021
Investment trusts have outperformed funds in almost every major sector on an annualised basis over the last 10 and 20 years, findings from interactive investor have revealed
Posted: 22/02/2021
House prices in Scotland saw a monthly increase of 2.3% in December, according to the latest Scottish House Price Index from Walker Fraser Steele Chartered Surveyors
Posted: 22/02/2021
Promoting global trade in financial services is vital to the UK’s economic recovery from the coronavirus crisis, according to UK Finance
Posted: 22/02/2021
Financial advice network, Openwork, has rebranded as The Openwork Partnership and launched a new website with enhanced functionality
Posted: 22/02/2021
Leading organisations in the conveyancing profession have agreed to work together as the Conveyancing Task Force
Posted: 22/02/2021
There is currently at least one lender available to meet the loan requirements of self-employment mortgage applicants for 71% of cases, data from Mortgage Broker Tools (MBT) has found
Posted: 22/02/2021
Air Group has announced the launch of a new panel proposition, Air Select, which will aim to provide advisers with resources to help them develop their later life businesses
Posted: 22/02/2021
Keir Starmer yesterday called on the government to give people in the UK “a stake in the national recovery” with new proposals aimed at supporting savers
Posted: 19/02/2021
Capital Gains Tax (CGT) receipts have reached their highest ever level at the tax year to date, new HMRC figures have revealed
Posted: 19/02/2021
Government borrowing reached £8.8bn in January, the highest January borrowing total since monthly records began in 1993, according to new figures published by the Office for National Statistics (ONS)
Posted: 19/02/2021
Smartr365 has added a new Microsoft-powered feature to its end-to-end software platform for mortgage brokers
Posted: 19/02/2021
Accord Buy To Let has announced it is increasing its maximum borrowing limit and overall portfolio size for non-first-time landlords
Posted: 19/02/2021
Mortgage origination software house, BEP Systems, has been appointed by Jordan International Bank (JIB) to provide system solutions for its new mortgage and buy-to-let (BTL) lending platform
Posted: 18/02/2021
Parents and grandparents in the UK are risking tax bills by helping out their family financially, according to new research from Openwork
Posted: 18/02/2021
Mortgage Brain has announced that its multi-lender application and submission gateway, Lendex, has been made available to all mortgage advisers following a successful pilot
Posted: 18/02/2021
The number of homes bought in England using the Help to Buy: Equity Loan scheme totalled 43,617 in the year to September 2020, an 18% annual fall, new government figures have revealed
Posted: 18/02/2021
Castle Trust Bank has been added to the lender panels of PMS Mortgage Club and Sesame Network
Posted: 18/02/2021
Fifty-eight per cent of IFAs are expecting demand to increase for tax and estate planning advice over the next five years, new research from Canada Life has revealed
Posted: 18/02/2021
MCI Mortgage Club has announced it is expanding its panel with the addition of specialist lender Roma Finance
Posted: 18/02/2021
WAY Investment Services has launched a new trust to help professional sportspeople who are planning for the years beyond their peak earnings
Posted: 17/02/2021
Neuberger Berman’s Joana Rocha Scaff discusses the key advantages of tailoring bespoke custom accounts for clients in the private equity market
Posted: 17/02/2021
The number of Inheritance Tax (IHT) reclaims reached a six-year peak in 2020 as more families clawed back overpaid tax following falls in the value of property and shares
Posted: 17/02/2021
Cash savings continues to remain the most popular asset class among UK investors, new research commissioned by HYCM has found
Posted: 17/02/2021
The average house price in the UK increased by 8.5% over the year to December 2020 to stand at a record high of £252,000, according to the Office for National Statistics (ONS)
Posted: 17/02/2021
Mortgage advisers are expecting to encounter more buy-to-let (BTL) customers with adverse credit as a result of the coronavirus pandemic, according to new research by Pepper Money
Posted: 17/02/2021
New government proposals requiring lenders to report on the energy ratings of properties they lend against risk wasting time and resources, the Intermediary Mortgage Lenders Association (IMLA) has warned
Posted: 17/02/2021
PRIMIS Mortgage Network has announced that its product desk resolved a total of 2,462 inbound queries from Appointed Representative (AR) advisers in January
Posted: 17/02/2021
High net worth individuals (HNWIs) are struggling to successfully apply for a mortgage, research by Butterfield Mortgages Limited (BML) has revealed
Posted: 16/02/2021
Financial advisers are calling for the Chancellor to focus on initiatives to boost economic growth in his March Budget, according to new research by Aegon
Posted: 16/02/2021
The average house price across England and Wales increased by 1.2% between December and January, according to the latest e.surv House Price Index
Posted: 16/02/2021
The Chancellor must use the Budget to secure the UK’s economic recovery rather than implement substantial tax rises to try and fix the public finances, according to the Institute for Fiscal Studies (IFS)
Posted: 16/02/2021
Forty-eight per cent of landlords are worried about a potential increase to Capital Gains Tax (CGT), new research by Barrows and Forrester has found
Posted: 16/02/2021
Foundation Home Loans has launched a new ‘Green Reward’ product for landlords
Posted: 16/02/2021
Specialist Mortgage Group (SMG), the group of packaging firms committed to specialist finance, has announced the sale of group firm, Pink Pig Loans, back to its management team
Posted: 16/02/2021
Accord Mortgages has updated its lending criteria for mortgage applicants from the European Union (EU), European Economic Area (EEA) and Switzerland as a result of the UK’s decision to leave the EU
Posted: 15/02/2021
The Chancellor is considering an extension to the stamp duty holiday by six weeks in order to stop thousands of housing transactions falling though before the deadline, according to reports
Posted: 15/02/2021
West One Loans’ buy-to-Let (BTL) division has unveiled new criteria changes which will see maximum borrower exposure limits raised by more than three times their current level
Posted: 15/02/2021
The total amount of bridging completions across the market decreased to £2.88bn in 2020, a 27.9% fall from the £3.99bn recorded in 2019, according to new figures from the Association of Short-Term Lenders (ASTL)
Posted: 15/02/2021
Hanley Economic Building Society has temporarily halted new lending in order to complete the final stage in the overhaul of its mortgage processing platform
Posted: 15/02/2021
January saw a significant increase in enquiries about furlough friendly mortgages, with searches rising 230% from December, according to data from Legal & General’s SmartrCriteria tool
Posted: 15/02/2021
Twenty7Tec has announced that all users of its CloudTwenty7 platform will now be able to submit mortgage applications through the APPLY integration with Aldermore
Posted: 15/02/2021
One in 10 adults in the UK has been targeted or knows someone else who has been a targeted by a coronavirus vaccination scam, according to new research from Canada Life
Posted: 12/02/2021
Sirius Property Finance has partnered with Miragon Investments to secure the completion on a £15m development facility
Posted: 12/02/2021
Ecology Building Society has enhanced its range of green mortgages for renovations and whole house retrofit
Posted: 12/02/2021
The UK’s GDP contracted by 9.9% in 2020, the largest annual fall in the country’s GDP on record, new data published by the Office for National Statistics (ONS) has revealed
Posted: 12/02/2021
Landlords are intending to continue purchasing rental property after the deadline for the stamp duty holiday has passed at the end of March, according to new findings from Foundation Home Loans
Posted: 12/02/2021
The average house price in Wales has topped £200,000 for the first time, data from Principality Building Society’s latest Wales House Price Index has revealed
Posted: 11/02/2021
Targeted support will be needed in the coming Budget to ensure businesses can drive the UK’s economic recovery, according to a report from the Resolution Foundation
Posted: 11/02/2021
Surveyors have reported that housing market activity across the UK fell in January compared to previous months, according to the latest RICS UK Residential Market Survey
Posted: 11/02/2021
The legal completion deadline for the current Help to Buy scheme has been extended to 31 May, the government has confirmed
Posted: 11/02/2021
Mortgage payment deferrals helped to keep mortgage arrears levels in 2020 near to historically low levels, according to new data published by UK Finance
Posted: 11/02/2021
The average easy access non-ISA balance has risen by 10% year-on-year, as the easy access market continues its upward trajectory
Posted: 11/02/2021
Enra Specialist Finance has signed a £250m mortgage forward flow agreement with J.P. Morgan
Posted: 11/02/2021
Proposals to increase Capital Gains Tax (CGT) would freeze the rental housing market making it less responsive to tenant demand, the National Residential Landlords Association (NRLA) has warned
Posted: 10/02/2021
There was a 20% increase in bank transfer romance fraud between January and November in 2020 compared to the previous year, new data from UK Finance has revealed
Posted: 10/02/2021
More than one in five (22%) potential homeowners blame a bad credit history for not being able to get a mortgage, new findings from Haysto have revealed
Posted: 10/02/2021
Service has become a bigger consideration for most buy-to-let (BTL) advisers in the last six months, according to new research by Pepper Money
Posted: 10/02/2021
First 4 Bridging (F4B) has announced is it is expanded its intermediary proposition with the launch of its F4B Network
Posted: 10/02/2021
Second charge lending totalled £60.8m in January, falling from the £104m lent in January 2020, according to the latest Secured Loan Index from Loans Warehouse
Posted: 10/02/2021
MCI Mortgage Club has announced Dudley Building Society as the latest lender to join its panel
Posted: 10/02/2021
Accord Mortgages has confirmed it will return to the 75% and 80% LTV residential mortgage market this week
Posted: 09/02/2021
Anti-money laundering (AML) solution provider, SmartSearch, has revealed that 2020 was the most successful year in the firm's history
Posted: 09/02/2021
The top criteria searches in the second charge mortgage market in January related to managing or consolidating debt, according to new findings from Knowledge Bank
Posted: 09/02/2021
London Credit has relaunched its auction finance product that enables property investors to access the property auctions market
Posted: 09/02/2021
AJ Bell has warned of a “significant misunderstanding” of the risks around investing in cryptocurrencies
Posted: 09/02/2021
Skipton discusses its ‘Making Things Easier for You’ initiative
Posted: 08/02/2021
The number of new stocks and shares ISA policies opened in the fourth quarter of 2020 fell by 4% on Q3, according to Scottish Friendly’s latest Investor Index
Posted: 08/02/2021
Just Mortgages has announced plans to double its number of brokers over the next three to four years
Posted: 08/02/2021
Fifty-five per cent of parents are planning to financially gift to their children or grandchildren in the coming years, according to new research by Rathbone Investment Management
Posted: 08/02/2021
Twenty7Tec has announced that Reliance Bank has been added to its APPLY module
Posted: 08/02/2021
Yolt Technology Services (YTS) has announced it is expanding the applicability of its account information services, to provide enhanced data insights for mortgage lenders in the UK
Posted: 05/02/2021
The Moving Hub has launched biometric facial ID checks alongside its standard anti-money laundering (AML) checks
Posted: 05/02/2021
Legal & General Insurance, part of LV= General Insurance, has announced it is adding its products to the Next Intelligence mortgage club panel of preferred insurers
Posted: 05/02/2021
The FCA was targeted by almost a quarter of a million (238,711) malicious and unsolicited emails over the final three months of 2020
Posted: 05/02/2021
The average house price in the UK fell by 0.3% in January, the biggest monthly fall since April last year, according to the latest Halifax House Price Index
Posted: 05/02/2021
Foundation Home Loans has launched a new set of limited company buy-to-let (BTL) products with reduced product fees
Posted: 04/02/2021
Up to three million public sector workers affected by a Court of Appeal ruling which found that reforms to their pensions introduced in 2015 were discriminatory will now be able to choose between the old scheme and the reformed scheme, the Treasury has confirmed
Posted: 04/02/2021
The Bank of England (BoE) has confirmed that it will maintain the base interest rate at 0.1%
Posted: 04/02/2021
Brightstar Financial has announced it is joining the Mortgage Market Alliance (MMA)
Posted: 04/02/2021
The Low Incomes Tax Reform Group (LITRG) has called on HMRC to pause any further action against taxpayers who are yet to meet their loan charge obligations
Posted: 04/02/2021
The owners of small and medium-sized businesses have more than £1.2bn of personal liabilities linked to emergency coronavirus loans, according to reports
Posted: 04/02/2021
More than £600bn of equity was available for equity release in UK homes during the fourth quarter of 2020, according to analysis from Canada Life
Posted: 04/02/2021
A “shift in client profiles” has presented an opportunity for financial advisers to help emerging groups of retirees, according to Canada Life
Posted: 03/02/2021
Cushon has announced it is supporting calls for a permanent reduction of the Lifetime ISA (LISA) withdrawal charge, which is due to increase in April 2021
Posted: 03/02/2021
Pension withdrawals have been rising as a result of the coronavirus pandemic, according to LV=, after research from the retirement expert found that 155,000 people have been pushed into early retirement
Posted: 03/02/2021
The FCA has secured an interim restitution order of just over £676,000 against five of seven parties accused of taking deposits illegally
Posted: 03/02/2021
The total number of Stamp Duty Land Tax (SDLT) transactions saw a 43% rise in the fourth quarter of 2020 compared to Q3, according to new HMRC data
Posted: 03/02/2021
Zephyr Homeloans has reduced its initial rates and introduced a 1% product fee option across its entire range
Posted: 03/02/2021
The average number of mortgage cases handled by advisers dropped from 90 in the third quarter of last year to 78 in the fourth quarter, new research from the Intermediary Mortgage Lenders Association (IMLA) has revealed
Posted: 03/02/2021
HMRC has clawed back more than £2.5bn from the High Income Child Benefit Tax Charge since its introduction in January 2013, according to new figures obtained from a Freedom of Information (FOI) request
Posted: 02/02/2021
Dudley Building Society has announced the launch of three new remortgage products following a mortgage maturities spike in December
Posted: 02/02/2021
Rishi Sunak is planning to maintain the Conservative Manifesto commitment of a “tax triple lock”, according to reports
Posted: 02/02/2021
The FCA has published a new report on the unsecured consumer credit market following a review by its former interim chief executive, Christopher Woolard
Posted: 02/02/2021
Smartr365 has announced a new integration with Halifax Intermediaries, enabling Decision-in-Principle (DIP) submissions to the lender
Posted: 02/02/2021
The average UK house price saw a month-on-month 0.3% fall in January, according to the latest Nationwide House Price Index
Posted: 02/02/2021
Bluestone Mortgages has announced a maiden profit after tax of £2.85m for the financial year ending 30 June 2020
Posted: 02/02/2021
Leek United Building Society has announced it is returning to the portfolio buy-to-let (BTL) and interest only markets
Posted: 01/02/2021
The accounting deficit of defined benefit (DB) pension schemes for the UK’s 350 largest listed companies reached £66bn at the end of January, new data from Mercer has revealed
Posted: 01/02/2021
Advisers have “mixed views” on whether investment pathways will change demand for retirement advice, according to new research by Aegon
Posted: 01/02/2021
Sixty-four per cent of investors are concerned by the prospect of negative interest rates, a survey by HYCM has found
Posted: 01/02/2021
The number of mortgage approvals in the UK climbed to 818,500 in 2020, the largest number in one year since 2007, new Bank of England (BoE) data has revealed
Posted: 01/02/2021
Lendlord has launched an Open Banking integration that allows landlords to automate their cashflow and bookkeeping
Posted: 01/02/2021
LSL Property Services has announced a new partnership and investment with Direct Life & Pension Services
Posted: 29/01/2021
UK savers withdrew £9.4bn flexibly from their retirement pots during 2020, new HMRC data has revealed
Posted: 29/01/2021
A total £70.7bn has been provided by lenders to more than 1.5 million businesses through coronavirus loan schemes, new Treasury figures have revealed
Posted: 29/01/2021
Loans Warehouse has announced three new appointments to its bridging finance panel
Posted: 29/01/2021
PMS Mortgage Club and Sesame Network, part of Sesame Bankhall Group (SBG), has appointed West One Loans to its panel
Posted: 29/01/2021
Impact Specialist Finance and United Trust Bank (UTB) have produced a ‘fast-track’ bridging facility within 24 hours
Posted: 28/01/2021
A total £3.89bn in property wealth was unlocked over the course of 2020, new statistics published by the Equity Release Council (ERC) have revealed
Posted: 28/01/2021
MCI Mortgage Club has announced that Mansfield Building Society is joining its lender panel
Posted: 28/01/2021
Shawbrook Bank has announced the acquisition of specialist intermediary mortgage business The Mortgage Lender (TML) for an undisclosed fee
Posted: 28/01/2021
more2life has announced the launch of a new partnership with PRIMIS Mortgage Network
Posted: 28/01/2021
Nivo has reached a significant milestone on its secure instant messaging network, surpassing the five million message mark
Posted: 27/01/2021
Three-quarters of financial advisers (75%) as well as 77% of clients prefer to use digital fact-finds over hard-copy versions, research from CashCalc has found
Posted: 27/01/2021
Around 1.5 million people currently excluded from claiming support through the Self-Employment Income Support Scheme (SEISS) could “easily” be supported by the government at a modest cost, according to findings from the Institute for Fiscal Studies (IFS)
Posted: 27/01/2021
The FCA has issued a warning to the public after reporting over £78m was stolen in ‘clone firm’ investment scams during 2020
Posted: 27/01/2021
British Business Investments, a commercial subsidiary of the British Business Bank, has announced a £10m commitment to venture capitalist, Syndicate Room
Posted: 27/01/2021
Up to 70,000 property sales agreed in 2020 are at risk of missing the 31 March stamp duty deadline, according to the latest Zoopla House Price Index
Posted: 27/01/2021
Over 60% of prospective retirees support the introduction of the FCA’s Investment Pathways, a new study by Legal & General Investment Management (LGIM) has found
Posted: 27/01/2021
MPs are to discuss a petition relating to Stamp Duty Land Tax (SDLT) relief in a virtual session on Monday 1 February, the Petitions Committee has confirmed
Posted: 26/01/2021
Brightstar Group has announced it is renewing its partnership with Twenty7Tec
Posted: 26/01/2021
The National Credit Awards 2021 are now open for entries to recognise outstanding achievements in the UK credit space
Posted: 26/01/2021
Women are less likely to have experienced a financial scam than men, according to research from interactive investor
Posted: 26/01/2021
Self-employment is being blamed for one in six mortgage rejections in the UK, according to new research by Haysto
Posted: 26/01/2021
The UK unemployment rate hit 5% between September and November 2020, according to new data published by the Office for National Statistics (ONS)
Posted: 26/01/2021
Greenfield Mortgages has announced it has joined Legal & General Mortgage Club’s panel of specialist lenders
Posted: 26/01/2021
The MCI Mortgage Club has partnered with Key Partnerships, enabling its members to refer clients who require equity release advice to specialist advisers
Posted: 26/01/2021
With changes to Capital Gains Tax (CGT) and Inheritance Tax (IHT) likely this year, research by FounderCatalyst has suggested that investing in start-ups with HMRC’s Enterprise Investment Scheme (EIS) could be an “attractive asset class”
Posted: 25/01/2021
Accord Mortgages has announced that it will temporarily withdraw its residential products at 75% and 80% LTV for the next 10 days
Posted: 25/01/2021
United Trust Bank (UTB) has announced the launch of a ‘Fast-Track’ service for bridging applications
Posted: 25/01/2021
PRIMIS Mortgage Network has launched a new equity release panel as it strengthens its proposition for advisers in the later life lending space
Posted: 25/01/2021
The overall number of first-time buyers dropped by 13% in 2020, as the housing market came to a halt during the first UK lockdown, new research by Halifax has revealed
Posted: 25/01/2021
Loans Warehouse has announced the addition of Glenhawk to its bridging panel
Posted: 25/01/2021
Average house prices in Scotland increased by 3.1% during November, the largest monthly increase since March 2015
Posted: 22/01/2021
Canada Life has suggested that Inheritance Tax (IHT) has “not been immune” to the financial impact of the coronavirus pandemic
Posted: 22/01/2021
The Financial Services Compensation Scheme (FSCS) has forecast that its levy for 2021/22 will be £1.04bn, a 48% increase on last year
Posted: 22/01/2021
Seventy-two per cent of easy access balances in the UK are earning a rate of 0.1% or less, research from Paragon Bank has revealed
Posted: 22/01/2021
Foundation Home Loans has announced a significant increase in recruitment across its underwriting, new business and sales teams
Posted: 21/01/2021
A “pandemic paradox” is at the heart of personal finances in the UK, according to AJ Bell
Posted: 21/01/2021
West One Loans’ buy-to-let (BTL) division has announced it is launching with Legal & General Mortgage Club
Posted: 21/01/2021
Market Financial Solutions (MFS) has secured a new £150m funding line
Posted: 21/01/2021
The FCA has published new plans to introduce a price cap on the fees that claims management companies (CMCs) charge their customers
Posted: 21/01/2021
Older homeowners released more than £3.4bn in property wealth last year, according to new data published by Key
Posted: 21/01/2021
December saw a 13.1% monthly climb in the number of residential property transactions across the UK, new HMRC data has revealed
Posted: 21/01/2021
Nivo has partnered with Mortgage Advice Bureau (MAB) to launch a secure mobile instant messaging across its distribution of 1,500 advisers
Posted: 21/01/2021
The Chartered Institute of Taxation (CIOT) has called for the government to allow businesses to benefit from a three-year carry back of corporation tax losses arising during the pandemic
Posted: 20/01/2021
Mortgage Magic has announced it will be adding an equity release module as the latest enhancement to its platform
Posted: 20/01/2021
A quarter of the UK’s self employed workers could be facing a double tax bill this January, new research has revealed
Posted: 20/01/2021
UK average house prices increased by 7.6% over the year to November 2020, according to the latest Office for National Statistics (ONS) House Price Index
Posted: 20/01/2021
Eight years of growth was wiped off UK dividends in 2020, according to the latest UK Dividend Monitor from Link Group
Posted: 20/01/2021
Metro Bank has announced that Brilliant Solutions is joining its intermediary panel
Posted: 20/01/2021
There were 130,000 mortgage payment deferrals in place at the end of December, new UK Finance data has revealed
Posted: 20/01/2021
Sixty-six per cent of investors between the ages of 18 and 34 began to invest for the first time last year as lockdown made their finances a top priority, according to research from Alliance Trust
Posted: 19/01/2021
A person saving for a comfortable retirement could save over £140,000 by consolidating multiple pension pots into just one, new analysis from Quilter has found
Posted: 19/01/2021
A new lender to the UK mortgage market, Perenna, has raised $10m after completing its latest round of funding
Posted: 19/01/2021
Eighty-six per cent of financial advisers have indicated they would recommend their profession to a friend who had been made redundant due to COVID-19
Posted: 19/01/2021
The majority of UK investors would be opposed to the government’s proposed introduction of a wealth tax, according to new research carried out by Butterfield Mortgages Limited (BML)
Posted: 19/01/2021
Spending on debit and credit cards fell in October compared to the previous month as tougher COVID-19 measures were introduced across the country, new UK Finance data has revealed
Posted: 19/01/2021
Just Group has announced it is joining the Brilliant Solutions lifetime mortgage panel, offering its entire lifetime mortgage product range
Posted: 19/01/2021
House prices across England and Wales finished 2020 with a 7.8% annual increase, the latest e.surv House Price Index has revealed
Posted: 18/01/2021
A potential hike in Capital Gains Tax (CGT) is likely to increase the rate of tax for investors and entrepreneurs looking to sell their companies and could lead to a “flurry of activity in Q1”, according to Foresight Group
Posted: 18/01/2021
Accord Mortgages has confirmed it is reverting its loan-to-income (LTI) cap to five times for those on an income of £60,000 and above
Posted: 18/01/2021
AJ Bell has urged the government to make its Lifetime ISA exit charge reduction permanent
Posted: 18/01/2021
Cushon has announced it is launching the world’s first “net zero” pension fund
Posted: 18/01/2021
MCI Mortgage Club has announced that Swansea Building Society has joined its lending panel
Posted: 18/01/2021
Legal & General Mortgage Club has announced the addition of Habito as the latest buy-to-let (BTL) lender to join its panel
Posted: 18/01/2021
Mortgage searches relating to buyers with a “visa” was the number one criteria search among advisers in 2020, according to data from Legal & General Mortgage Club’s SmartrCriteria tool
Posted: 15/01/2021
Countrywide Surveying Services has renewed its partnership with Santander through a contracted appointment to be the bank’s primary valuation provider
Posted: 15/01/2021
The UK’s GDP fell by 2.6% in November as the government’s lockdown restrictions reduced economic activity, new data from the Office for National Statistics (ONS) has revealed
Posted: 15/01/2021
Growth in the mortgage market is set to continue in 2021, despite the ongoing disruption of the COVID-19 pandemic, according to a new report by the Intermediary Mortgage Lenders Association (IMLA)
Posted: 15/01/2021
Online mortgage broker, Trussle, has urged self-employed mortgage applicants to make sure details and accounts are kept up-to-date, after suggesting they have to “jump through extra hoops” to get onto the property ladder
Posted: 14/01/2021
Brightstar Financial has partnered with Selina Finance to provide semi-exclusive distribution of the lender’s overdraft-style lending facilities
Posted: 14/01/2021
An estimated 310,000 jobs in hospitality and tourism could be lost if the Chancellor does not extend the VAT cut in his March Budget, according to new findings from the Cut Tourism VAT (CTV) Campaign
Posted: 14/01/2021
Sales activity is continuing to rise across the housing market but the latest lockdown restrictions and the end of the stamp duty holiday are to weigh on activity going forward, according to new RICS research
Posted: 14/01/2021
OpenMoney has warned that the FCA’s investment pathways will add “another layer of confusion” for people planning their retirement
Posted: 14/01/2021
eKeeper has launched a new product aimed towards financial institutions who manage relationships with intermediary and financial services related businesses
Posted: 14/01/2021
Fifty-four per cent of brokers and intermediaries have revealed that they undershot their 2020 business projections, according to a new study by United Trust Bank (UTB)
Posted: 14/01/2021
Shawbrook Bank has announced the appointment of VAS Group as its new panel manager
Posted: 13/01/2021
Quilter has launched a new online tool for reporting suspected impersonation scams
Posted: 13/01/2021
The FCA has announced proposals to extend its ban on repossessions until 1 April 2021
Posted: 13/01/2021
Ipswich Building Society has announced that it will now lend up to 5.5 times an individual’s income on mortgages where one applicant is earning over £75,000 per annum
Posted: 13/01/2021
Employee pension contributions towards workplace defined contribution (DC) schemes fell by 11% between the first and second quarters of 2020, as the impact of coronavirus struck the UK
Posted: 13/01/2021
Eighty-one per cent of advisers reported a spike in mortgage demand last year due to the stamp duty holiday, according to a survey by Guardian
Posted: 13/01/2021
Mortgage Broker Tools (MBT) has launched a new platform to give lenders live insights into the affordability environment
Posted: 13/01/2021
Collapses in agreed house sales have reached record highs as the deadline for the temporary suspension to Stamp Duty Land Tax (SDLT) approaches, according to Cornerstone Tax
Posted: 12/01/2021
Mortgage Brain has announced Pepper Money as the latest lender to go live on its affordability-based sourcing system, Affordability Hub
Posted: 12/01/2021
Masthaven Bank has announced a new partnership with PRIMIS Mortgage Network
Posted: 12/01/2021
Sixty-eight per cent of credit card holders do not know what an Annual Percentage Rate (APR) is, research from KIS Finance has found
Posted: 12/01/2021
Greymax Capital has become the latest lender to join the Association of Short Term Lenders (ASTL)
Posted: 12/01/2021
The first quarter of 2021 is expected to see a return to pre-pandemic levels of second charge lending volumes, according to research by Loans Warehouse
Posted: 12/01/2021
Pure Retirement has confirmed that it has signed a new contract with Phoebus Software Limited
Posted: 12/01/2021
Up to £800m in pensions and investments assets could be unlocked following a major expansion of the UK’s ‘Dormant Assets Scheme’, the government has confirmed
Posted: 11/01/2021
Castle Trust Bank has become the latest lender to join the Mortgage Market Alliance (MMA) as a founder member
Posted: 11/01/2021
The FCA has issued a warning to retail consumers over investing in cryptoassets that promise high returns
Posted: 11/01/2021
Mortgage technology expert, Twenty7Tec, has recorded a drop in mortgage market activity for the first week of the year
Posted: 11/01/2021
A new sustainably driven investment house, OnePlanetCapital, has launched a specialist sustainability EIS Fund to invest in businesses tackling climate change
Posted: 11/01/2021
Too many wealth advisers view risk profiling as an “unnecessary box-ticking exercise” which is leading to poor client outcomes, according to research by Oxford Risk
Posted: 11/01/2021
MagiClick has announced the acquisition of Dock9 as part of a strategy to grow the financial services technology and digital experience agency across Europe
Posted: 11/01/2021
A consistent policy for the repayment or recovery of Business Bounce Back Loans (BBLs) could return £6bn to the Exchequer, according to the Credit Services Association (CSA)
Posted: 08/01/2021
Fleet Mortgages has announced it is making several price cuts across its five-year fixed rate mortgage range
Posted: 08/01/2021
Roma Finance has become the latest founder member to join the Mortgage Market Alliance (MMA)
Posted: 08/01/2021
UK house prices were 0.2% higher in December than they were in November as they ended 2020 at a record high, according to the latest Halifax House Price Index
Posted: 08/01/2021
Kuflink has announced that its platform has just passed the £100m mark as new investment levels continue to accelerate
Posted: 07/01/2021
Details from 35 residential lenders and 38 buy-to-let lenders are now included in Mortgage Brain’s lender service level report
Posted: 07/01/2021
Millions of leaseholders are to be given the right to extend their lease by a maximum term of 990 years at zero ground rent, Housing Secretary Robert Jenrick has announced
Posted: 07/01/2021
There are 4,000 financial services firms currently at risk of failure, according to research carried out by the FCA
Posted: 07/01/2021
Gross lending to SMEs in the first three quarters of 2020 reached £54bn and amounted to more than double the annual total for 2019, new UK Finance data has revealed
Posted: 07/01/2021
The biggest change in criteria search terms by brokers was registered in the second charge mortgage market during December, according to new data from Knowledge Bank
Posted: 07/01/2021
One in three adults under the age of 40 are saving to buy their first home and get a foot on the property ladder, but research from Cushon has found that less than half (44.1%) are taking advantage of top up bonuses offered by the government
Posted: 07/01/2021
One in eight people do not know how many old workplace pension pots they have, according to a poll carried out by interactive investor
Posted: 06/01/2021
Over half (58%) of introducers believe the equity release referral market is set for continuing expansion over the next three to five years, according to new research published by Key Partnerships
Posted: 06/01/2021
Savers currently have £1.5trn in cash stashed away in bank accounts in the UK, the biggest cash pile on record, according to findings from Janus Henderson Investors
Posted: 06/01/2021
The Work and Pensions Select Committee’s industry cooperation to tackle pension fraud has been welcomed by Canada Life
Posted: 06/01/2021
eKeeper has launched a new customer relationship management (CRM) system for lenders, named Intermediary Manager
Posted: 06/01/2021
The Intermediary Mortgage Lenders Association (IMLA) has joined a growing list of voices from the mortgage market calling for the government to take action on the looming stamp duty holiday
Posted: 06/01/2021
Market Financial Solutions (MFS) deployed £22m worth of bridging loans in December, to sign off from 2020 with one of its strongest years on record
Posted: 06/01/2021
SmartSearch has warned that businesses in the property sector need to be aware of the increased threat of fraud as the country enters another nationwide lockdown
Posted: 05/01/2021
Cornerstone Tax has called on the government to extend the stamp duty holiday following the Prime Minister’s announcement that England is heading back into a full nationwide lockdown
Posted: 05/01/2021
Thirty-nine per cent of UK adults are concerned about maintaining their current credit arrangements, according to new findings from Shawbrook Bank’s personal loan division
Posted: 05/01/2021
Just Mortgages has announced the launch of a new wealth division, Just Wealth
Posted: 05/01/2021
Forty per cent of professional investors are expecting the cost of obtaining information and monitoring small and micro-caps to increase over the next three years, as they receive less attention from brokers and analysts
Posted: 05/01/2021
There are indications of a “strong recovery” in the outlook for the remortgage market, even when compared with pre-COVID-19 performance, according to the latest Remortgage Healthcheck Index published by LMS
Posted: 05/01/2021
Rishi Sunak has announced that £4.6bn in new lockdown grants will be made available to UK businesses
Posted: 05/01/2021
Divorce was the second biggest cause of a derailment to retirement plans after personal illness last year, according to research by interactive investor
Posted: 04/01/2021
The wealthiest 1% of UK households has almost £800bn more wealth than official statistics show, according to new research by Resolution Foundation
Posted: 04/01/2021
OpenMoney has announced a four-year contract with credit reference agency, Equifax, so that it can provide free credit report services to customers
Posted: 04/01/2021
The accounting deficit of defined benefit (DB) pension schemes for the UK’s 350 largest listed companies finished 2020 at £70bn, data from Mercer has confirmed
Posted: 04/01/2021
A new “credit squeeze and funding gap” could affect UK businesses in 2021, as firms move from survival to recovery over the next 12 months, a report from Rangewell has warned
Posted: 04/01/2021
The mortgage market saw the number of approvals for house purchase climb from 98,300 in October to 105,000 in November, the highest number of approvals since August 2007
Posted: 04/01/2021
Financial advisers have revealed the greatest operational challenge they face to their profitability in 2021 will be having fewer new clients approaching them this year
Posted: 04/01/2021
An independent report into the Financial Conduct Authority’s (FCA) regulation and supervision of London Capital & Finance (LCF) has been published
Posted: 18/12/2020
Investment in stocks and shares ISAs by older investors in the UK continues to rise sharply following a slow start to the year, but contributions from younger savers has fallen by 31% quarter-on-quarter as they pulled back from the market during Q3 2020, new research from Scottish Friendly’s Investor Index has revealed
Posted: 18/12/2020
The Chancellor of the Exchequer, Rishi Sunak, has announced that the government will publish the Budget on 3 March 2021
Posted: 18/12/2020
more2life has announced the launch of its latest lifetime mortgage, Capital Choice Ultra Lite
Posted: 18/12/2020
The upcoming March deadline to the stamp duty holiday is already causing significant congestion in the housing market, leading trade bodies have warned, and it is now likely that many cases will not be completed leading to calls for the government to extend the cut-off date
Posted: 18/12/2020
Chancellor Rishi Sunak has extended the furlough scheme for one month until the end of April 2021
Posted: 17/12/2020
The Bank of England (BoE) has left the base rate unchanged at 0.1%
Posted: 17/12/2020
The Financial Ombudsman Service (FOS) received 40% more complaints in the first six months of the year than originally forecast
Posted: 17/12/2020
Specialist lender Together has raised the maximum loan-to-value to 70% across its first and second charge mortgage products
Posted: 17/12/2020
Vernon Building Society has relaunched its mortgage range to brokers, featuring a wide range of mainstream and specialist lending solutions
Posted: 17/12/2020
The proportion of contactless payments continued to increase in September to reach its highest recorded level, accounting for 64% of all debit card transactions, compared to 62% in August
Posted: 16/12/2020
The government has launched a consultation on the options to increase the general levy on occupational and personal pension schemes, including plans to restructure the levy
Posted: 16/12/2020
PIMFA has called for immediate action to reduce the cost of the Financial Services Compensation Scheme (FSCS) to firms while much needed reform takes place
Posted: 16/12/2020
The average house price increased by 5.4% this year, according to latest ONS figures
Posted: 16/12/2020
The UK's inflation rate fell dramatically to 0.3% in November from 0.7% in October, official figures have shown
Posted: 16/12/2020
Almost three quarters (71%) of mortgage brokers have said they are confident about the broker market in 2021, remaining high from the sentiment displayed in 2020 (77%)
Posted: 16/12/2020
Almost three quarters of financial advisers (72%) expect the value of the equity release market to grow next year, with a fifth thinking it could increase to more than £6bn in value
Posted: 15/12/2020
Tilney Smith & Williamson has announced that it will stop applying VAT on the group’s Managed Portfolio Service propositions
Posted: 15/12/2020
The Financial Conduct Authority (FCA) has fined Barclays Bank UK PLC, Barclays Bank PLC and Clydesdale Financial Services Limited (Barclays) £26m for failures in relation to their treatment of consumer credit customers who fell into arrears or experienced financial difficulties
Posted: 15/12/2020
LV= has agreed to a £530m acquisition of its savings & retirement and protection businesses with Bain Capital Credit
Posted: 15/12/2020
Fleet Mortgages has announced a number of criteria changes designed to provide greater flexibility to landlords
Posted: 15/12/2020
The Office for Budget Responsibility (OBR) has predicted that the number of estates subject to Inheritance Tax (IHT) will rise to 30,400 in 2020/21, up from 25,200 in 2019/20
Posted: 14/12/2020
The FCA is seeking views on its proposed rules to introduce the UK Investment Firm Prudential Regime (IFPR) for FCA prudentially-regulated investment firms (FCA investment firms)
Posted: 14/12/2020
Prospective retirees over 50 are facing a “ticking time bomb” in retirement, with 66% having made either no firm plans or no plans at all for their retirement finances, according to industry research
Posted: 14/12/2020
The number of searches made by financial advisers looking at furlough-friendly mortgages has increased by 230%
Posted: 14/12/2020
The UK banking system remains “resilient” to a wide range of possible economic outcomes, according to a report from the Financial Policy Committee (FPC) at the Bank of England (BoE)
Posted: 11/12/2020
When you start planning your retirement, it may be the lifestyle you’re focused on. But if you don’t include life expectancy there’s a risk you could spend too much too soon
Posted: 11/12/2020
House prices across England and Wales increased by 1% on average between October and November, according to the latest e.surv House Price Index
Posted: 11/12/2020
The equity release referrals market has remained “robust” despite the impact of coronavirus, recording just a 1% year-on-year fall in the number of new introducers signing up each month, according to analysis by Key Group
Posted: 11/12/2020
More homeowners are moving to a new home than remortgaging on their current home, new data from Trussle has revealed
Posted: 11/12/2020
British Business Investments (BBI), a commercial subsidiary of the British Business Bank, has announced a £25m commitment to asset finance specialist, Haydock Finance
Posted: 11/12/2020
The FCA has confirmed proposals to permanently ban the mass marketing of speculative illiquid securities, including speculative mini-bonds, to retail investors
Posted: 10/12/2020
The affordability gap dropped to a record low of 15% in November, according to data from the latest MBT Affordability Index
Posted: 10/12/2020
Seventy-eight per cent of adults in the UK do not have an ISA and are potentially missing out on £20,000 in tax free savings every year, according to analysis by Cushon
Posted: 10/12/2020
The FCA has issued a £107,200 fine to independent financial advice firm, LJ Financial Planning (LJFP), for providing its customers with unsuitable pension switching and transfer advice.
Posted: 10/12/2020
SmartSearch has announced the launch of a new business-owner verification solution in a bid to counter a spike in scams involving fake businesses
Posted: 10/12/2020
‘Furloughed workers’ and ‘Soft footprint at Decision in Principal (DiP) stage’ were among the top five searched criteria by mortgage brokers in November, according to Knowledge Bank’s latest monthly criteria index
Posted: 10/12/2020
more2life has launched an exclusive partnership with Brilliant Solutions, whose mortgage club members will now be able to access the equity release lender’s products
Posted: 10/12/2020
The second charge mortgage market saw an annual drop of 43% in October, falling to £68m worth of new business, new figures from the Finance & Leasing Association (FLA) have revealed
Posted: 09/12/2020
A rise in Capital Gains Tax (CGT) could wipe almost £2bn from the Greater London economy, a real estate investment firm has warned
Posted: 09/12/2020
Mansfield Building Society has launched an online buy-to-let (BTL) calculator to help landlords and mortgage intermediaries check affordability against the society’s rental income requirements
Posted: 09/12/2020
Accord Buy To Let has announced it is reducing several rates and will be improving its incentive offerings on selected products across its range
Posted: 09/12/2020
A group of seven signatories to the voluntary Authorised Push Payment (APP) Contingent Reimbursement Code have agreed to extend the interim funding to compensate eligible victims of APP scams
Posted: 09/12/2020
The SimplyBiz Group has announced a partnership with Kuber to provide an outsourced tax-efficient investment advice service for its members
Posted: 09/12/2020
Vernon Building Society has announced a new partnership with Dynamo for Intermediaries
Posted: 09/12/2020
Market Financial Solutions (MFS) has announced it recorded £45m worth of bridging loans during the second national lockdown
Posted: 08/12/2020
Mortgage Brain has announced LiveMore Capital as the latest lender to join its criteria-based sourcing solution, Criteria Hub
Posted: 08/12/2020
Buckinghamshire Building Society has announced it is temporarily suspending new Decisions In Principles (DiPs)
Posted: 08/12/2020
The value of new mortgage commitments across the UK reached £78.9bn in the third quarter, a 6.8% increase from a year earlier and the highest level since 2007 Q3, new Bank of England (BoE) statistics have revealed
Posted: 08/12/2020
VitalityLife is delighted to have won the ‘Best Life Assurance’ award at the Mortgage Awards 2020
Posted: 08/12/2020
Nationwide has announced it is reducing rates by 0.15% on its two-year fixed and tracker rate mortgage products at 85% LTV
Posted: 08/12/2020
Specialist financial services regulatory consultancy, Bovill, has announced a new strategic partnership with software provider, Grath
Posted: 08/12/2020
The total volume of secured lending reached £80m during November, a £9m increase on October, according to the latest Secured Loan Index by Secured Loan Broker and Loans Warehouse
Posted: 08/12/2020
UK investors are prioritising security over returns as they plan their investment strategies for 2021, according to new research by Butterfield Mortgages Limited (BML)
Posted: 07/12/2020
Shawbrook Bank has announced it is providing funding support for Momentum Finance, a new bridging and development finance lender that launched during the coronavirus pandemic
Posted: 07/12/2020
Seventy-two per cent of independent financial advisers have left their clients’ asset allocations the same throughout the volatility caused by coronavirus
Posted: 07/12/2020
TMA Club has announced the launch of two new compliance packages to support directly authorised (DA) advisers with regulatory requirements
Posted: 07/12/2020
Landlords are feeling “abandoned” by the government during the COVID-19 pandemic, a study from The Mortgage Lender (TML) has revealed
Posted: 07/12/2020
UK house prices in November were 1.2% higher than in October, according to the latest Halifax House Price Index
Posted: 07/12/2020
A savings investment gap has opened up over the last decade, according to Charles Stanley Direct, with savers opting for cash savings but receiving an average 94% lower returns than investors
Posted: 07/12/2020
Landbay has announced it is increasing its buy-to-let (BTL) LTV from 75% to 80% with the launch of two new BTL products
Posted: 07/12/2020
The MCI mortgage club has announced the addition of more2life to its later life lending panel
Posted: 07/12/2020
Avamore Capital has completed two exit bridges for the same borrower and broker within a month, with both deals at 70% LTV equating to around £1.2m
Posted: 04/12/2020
Rock-bottom interest rates mean the majority of cash accounts are losing value in real terms, according to analysis by Equiniti Group (EQ)
Posted: 04/12/2020
In the first three quarters of 2020, older homeowners used their property wealth to gift £530m to family and friends, new analysis from Key has revealed
Posted: 04/12/2020
While the UK economy has now recovered some of the lost output from the Q2 lockdown, many households are still feeling the major financial and social disruptions caused by the pandemic, according to UK Finance
Posted: 04/12/2020
Twenty7Tec has revealed that mortgage searches were at just under 80% of the year’s high on a seven-day rolling period last week
Posted: 04/12/2020
There were 127,000 mortgage payment deferrals in place in mid-November, a significant fall in customers seeking this form of support from June’s peak of 1.8 million, according to new UK Finance statistics
Posted: 04/12/2020
The FCA has published an evaluation of the impact of the Retail Distribution Review (RDR) and the Financial Advice Market Review (FAMR)
Posted: 03/12/2020
First-time buyers are putting down larger deposits in order to get onto the property ladder, according to data from Mortgage Advice Bureau (MAB)
Posted: 03/12/2020
The Association of Mortgage Intermediaries (AMI) has announced Coreco Mortgages managing director, Andrew Montlake, as the Board’s new chair
Posted: 03/12/2020
West One Loans has announced a rebrand as well as the launch of a new proposition
Posted: 03/12/2020
The balance of easy access accounts earning a rate of 0.1% or less has almost tripled since January, according to new analysis by Paragon Bank, with 56% of easy access balances now earning a low rate
Posted: 03/12/2020
November saw mortgage search volumes fell by 12.1% compared to the previous month, new data released by Twenty7Tec has revealed
Posted: 03/12/2020
Key Group has announced the launch of a new leadership academy programme for its people managers
Posted: 03/12/2020
Eighty-three per cent of advisers are expecting changes to Capital Gains Tax (CGT) at the next Budget, according to a study by Canada Life
Posted: 03/12/2020
The cost of borrowing for low deposits has increased substantially across all mortgage types over the last 12 months, according to new analysis from Mortgage Brain
Posted: 02/12/2020
Haysto, a new mortgage broker platform, has announced its launch to the market and will specifically target the self-employed and those with a bad credit rating
Posted: 02/12/2020
A total 493 companies listed on the London Stock Exchange have cancelled, cut, or suspended dividend payments between 1 January 2020 and 23 November, new analysis from GraniteShares has revealed
Posted: 02/12/2020
One in eight UK adults (13%) over the age of 55 who expect to retire in the future are planning to delay their retirement due to the coronavirus pandemic, according to a study by Smart
Posted: 02/12/2020
Crystal Specialist Finance (CSF) and Together have announced the completion of a developer’s purchase and redevelopment of a £700,000 commercial site in Birmingham in just four weeks
Posted: 02/12/2020
West One has launched an initiative to support the ‘Bank of Mum and Dad’ via its second charge mortgage range
Posted: 02/12/2020
The FCA has reminded financial firms across the UK to be ready for the end of the transition period in one month’s time
Posted: 01/12/2020
Bridging applications climbed to their highest ever level in the third quarter of 2020, new figures have revealed
Posted: 01/12/2020
More SMEs are increasingly looking ahead to the future, according to the latest SME Finance Monitor published by BVA BDRC
Posted: 01/12/2020
SimplyBiz Group has announced the addition of P&B Wealth to its defined benefit (DB) pension transfer referral panel
Posted: 01/12/2020
Annual house price growth increased to 6.5% during November, the highest rate of growth since January 2015, according to new data from Nationwide
Posted: 01/12/2020
Virgin Money has announced a new API integration with mortgage technology expert, Twenty7tec
Posted: 01/12/2020
Fiduciam has announced that it has completed more than £22m of loans to house builders under the Coronavirus Business Interruption Loan Scheme (CBILS) in the past month
Posted: 01/12/2020
LMS has announced it is enhancing its partnership with LiveMore Capital, who will become the latest UK mortgage lender to use its Panel Link service
Posted: 30/11/2020
Around £115bn is currently sitting in cash ISAs where the rate of return is unknown, according to new research from Quilter
Posted: 30/11/2020
Air Mortgage Club has announced the launch of a new “Large Case Concierge Service” for advisers
Posted: 30/11/2020
Homeowners across the UK could be entitled to claim stamp duty refunds worth thousands of pounds from HMRC, Cornerstone Tax has revealed
Posted: 30/11/2020
The Mortgage Lender (TML) has announced it is joining the PRIMIS Mortgage Network panel
Posted: 30/11/2020
MCI Club has reported a “significant drop” in mortgage completions, with only 22% of purchases completing in July, August, and September
Posted: 30/11/2020
The number of mortgage approvals for house purchases across the UK continued to increase in October, climbing to 97,500 from 92,100 in September
Posted: 30/11/2020
TMA Club has announced a new partnership with Loughborough Building Society as it continues to develop its proposition for Directly Authorised (DA) firms
Posted: 30/11/2020
The number of prospective home buyers reached an average of 451 per estate agent branch in October, according to data from NAEA Propertymark, the highest ever figure it has recorded for the month of October since records began
Posted: 27/11/2020
The government’s Help to Build scheme will provide a major boost to the emerging custom build sector in the UK, according to BuildStore
Posted: 27/11/2020
The Conveyancing Association (CA) has launched a revised fifth version of its Cyberfraud and Fraud Protocol
Posted: 27/11/2020
Nationwide has announced it is making 90% LTV loans available for house purchase and for existing mortgage members looking to move home
Posted: 27/11/2020
Weekly mortgage search volumes are currently at 83.89% of the year’s highest figure, down 3.9% on the week before, the latest data from Twenty7Tec has revealed
Posted: 26/11/2020
SDL Surveying has announced that its level of business volume activity throughout October and November has shown “no signs of slowing”, despite increased lockdown measures
Posted: 26/11/2020
Increasing house prices may mean that the Bank of Mum and Dad can no longer bridge the affordability gap for first-time buyers, according to new research from Trussle
Posted: 26/11/2020
LiveMore Capital has announced the launch of a partnership with PRIMIS Mortgage Network with immediate effect
Posted: 26/11/2020
Just Mortgages has announced that it has received more than 750 applications for its broker academy
Posted: 26/11/2020
The Financial Services Compensation Scheme (FSCS) has announced that it will require £92m of additional funding in the form of a supplementary levy
Posted: 25/11/2020
The Chancellor unveiled the government’s spending plans for the coming year in the House of Commons today
Posted: 25/11/2020
The Chancellor has announced that the UK is forecast to borrow £394bn this year, a figure equivalent to 19% of the UK GDP
Posted: 25/11/2020
The proportion of homeowners over the age of 55 who are worried about running out of money in retirement has jumped to 34%, up from 27% a year ago
Posted: 25/11/2020
Gateway Surveyors has announced that it is to take on the panel management of Earl Shilton Building Society (ESBS)
Posted: 25/11/2020
The first quarter of 2021 is set to experience a “property uplift”, with 100,000 additional sales expected to complete before the end of March, according to new analysis by Zoopla
Posted: 25/11/2020
The MCI mortgage club has announced it is launching its own branded version of Air Sourcing
Posted: 25/11/2020
The new Help to Buy scheme will be “essential” for first-time buyers, with fewer high LTV mortgage products on the market, according to Trussle
Posted: 24/11/2020
Building societies held outstanding mortgage balances of £338bn at the end of the third quarter, a figure worth 23% of the market share, according to new data from the Building Societies Association (BSA)
Posted: 24/11/2020
HMRC must address barriers that are stopping people from meeting their loan charge obligations, the Low Incomes Tax Reform Group (LITRG) has warned
Posted: 24/11/2020
Lendlord has announced the launch of its new Finance Hub to deliver automated finance recommendations to landlords, based on their own personal circumstances and portfolio profile
Posted: 24/11/2020
Terrafirma has announced the launch of a new risk assessment model, the National Ground Risk Model (NGRM): Climate
Posted: 24/11/2020
There were 105,630 residential transactions across the UK during October, according to the provisional seasonally adjusted estimate from HMRC
Posted: 24/11/2020
Dynamo for Intermediaries has announced the addition of Roma Finance to its panel
Posted: 23/11/2020
The FCA has issued a £3.44m fine to FX options broker, TFS-ICAP, for communicating misleading information to clients
Posted: 23/11/2020
A surge in property sales following the end of the first lockdown in June has pushed the average house price in Wales up by 3% annually.
Posted: 23/11/2020
Aspen Bridging has announced the completion of a 10-day loan worth £750,000 at 75% LTV
Posted: 23/11/2020
Bluestone Mortgages has announced it is returning to its pre-pandemic maximum LTV lending on all products in its residential and buy-to-let (BTL) ranges
Posted: 23/11/2020
Just Mortgages has announced it is launching a new wealth division, Just Wealth, in January
Posted: 23/11/2020
Landbay has announced that it recorded a 5,520% increase in its revenue from 2016 to 2020, having lent over £0.6bn during that period
Posted: 23/11/2020
The total number of Stamp Duty Land Tax (SDLT) transactions in the third quarter was 68% higher than in Q2 2020, new HMRC has data revealed
Posted: 20/11/2020
Yorkshire Building Society (YBS) has announced the appointment of Jeremy Duncombe as managing director of its intermediary brand, Accord Mortgages, from 1 January 2021
Posted: 20/11/2020
Eighty-four per cent of equity release advisers believe recognising vulnerable clients is one of their biggest priorities, according to a new study by more2life, although just 12% believe it is easy to identify these clients
Posted: 20/11/2020
Click2Check has announced GHL Direct as the latest advisory firm to sign up for its Credit Assess product
Posted: 20/11/2020
The Nottingham has confirmed its return to full mortgage distribution across its broker network
Posted: 20/11/2020
The FCA has confirmed the updated guidance it is providing firms about offering support to consumer credit customers who are experiencing payment difficulties resulting from COVID-19
Posted: 19/11/2020
Conveyancing volumes saw a 105% increase in the third quarter of the year as the conveyancing market “regained its footing”, according to Search Acumen
Posted: 19/11/2020
There have been 367,520 reports of phishing email attacks during 2020, according to HMRC, with figures indicating a sharp rise in incidents after the UK went into its first lockdown in March
Posted: 19/11/2020
Weekly mortgage searches were at 87.33% of the year’s highest figure last week, having dropped by 0.5% from the week before, according to the latest analysis from Twenty7Tec
Posted: 19/11/2020
Optimum Commercial has announced the addition of Roma Finance to its new Optimum Elite panel
Posted: 19/11/2020
The MCI Club has announced the appointment of Legal & General Home Finance to its panel
Posted: 19/11/2020
The majority of UK investors are worried the government’s handling of COVID-19 and Brexit will have a negative impact on the economy, according to new research from FJP Investment
Posted: 18/11/2020
The coronavirus pandemic has created a “window of opportunity” for fraudsters, according to anti-money laundering (AML) firm, SmartSearch
Posted: 18/11/2020
Paragon’s Derek Sprawling explains why Cash ISAs should not be overlooked as part of a resilient portfolio
Posted: 18/11/2020
Almost four out of 10 financial advisers have reported a fall in the number of new clients trying to engage their services since the beginning of the coronavirus pandemic
Posted: 18/11/2020
UK average house prices saw an annual increase of 4.7% over the year to September 2020, new data published by the Office for National Statistics (ONS) has revealed
Posted: 18/11/2020
The third quarter saw £884m of property wealth released from homes as the equity release market returned to “more normal” trading conditions, according to new data from Key
Posted: 18/11/2020
Landbay has launched two new buy-to-let (BTL) products with loan sizes of up to £2m, increasing its maximum loan size from £1.5m
Posted: 18/11/2020
Connect for Intermediaries has announced the appointment of specialist protection adviser, Umbrella Protect, to its panel
Posted: 18/11/2020
Accord Mortgages has announced it is reintroducing a selection of 90% LTV products into its core range
Posted: 17/11/2020
First-time buyers interested in new-build homes will be able to apply for the new Help to Buy: Equity Loan scheme from Wednesday 16 December 2020, Homes England has confirmed
Posted: 17/11/2020
iPipeline has announced that Cirencester Friendly has adopted its AlphaTrust e-sign and document process automation solution
Posted: 17/11/2020
The number of contactless debit card payments reached their highest level in August, accounting for 62% of all debit card transactions, new data published by UK Finance has revealed
Posted: 17/11/2020
The FCA has confirmed its guidance for firms over providing support to mortgage borrowers who are experiencing payment difficulties as a result of the coronavirus crisis
Posted: 17/11/2020
Mortgage Engine has announced a new connection with online mortgage broker, Mojo Mortgages
Posted: 17/11/2020
Landbay has closed a new funding deal with an asset manager which is aiming to fund in excess of £300m per year of Landbay originated mortgages
Posted: 17/11/2020
Fifty-one per cent of UK adults would consider the housing crisis to be one of the main issues facing the UK, according to new research by Market Financial Solutions (MFS)
Posted: 16/11/2020
More than half (52%) of IFAs have seen a marked increase in out of hours contact with clients in the wake of COVID-19, according to new research from Charles Stanley
Posted: 16/11/2020
Mortgage Magic has enhanced its offering by adding a facility to send DIPs and applications directly to every lender in the UK
Posted: 16/11/2020
People who take financial advice are better off in retirement by an average £47,000 than people who don’t take advice, a new report has found
Posted: 16/11/2020
A total £5bn worth of property deposits is currently in limbo as first-time buyers “struggle to navigate” the housing market, according to research from Trussle
Posted: 16/11/2020
Consumer complaints against firms for misadvised defined benefit (DB) transfers saw a 26% increase from 441 in 2018 to 554 in 2019, according to research from Duff & Phelps
Posted: 16/11/2020
Paradigm Mortgage Services has added Leek United Building Society to its lender panel
Posted: 16/11/2020
Mortgage Brain is the leading provider of technology to the mortgage industry, developing and delivering the best software solutions for mortgage intermediaries since 1986. Its suite of products provides advisers with an end-to-end journey from sourcing to conveyancing.
Posted: 13/11/2020
A review of the capital gains tax (CGT) regime by the Office of Tax Simplification (OTS) has failed to acknowledge how CGT affects unrepresented taxpayers, according to the Low Incomes Tax Reform Group (LITRG)
Posted: 13/11/2020
The highest rental turnover that UK landlords should invest in the buy-to-let (BTL) market is in the £901 to £1,200 rental price threshold, according to new analysis by Howsy
Posted: 13/11/2020
Specialist lender, Together, has announced a partnership with Nivo to launch a new mobile phone app
Posted: 13/11/2020
Strong demand in the mortgage market has helped keep sustained intermediary confidence during the third quarter of 2020, according to new research from the Intermediary Mortgage Lenders Association (IMLA)
Posted: 13/11/2020
First 4 Bridging (F4B) has launched a free 24-hour case checker initiative
Posted: 13/11/2020
Over 2.6 million mortgage payment deferrals have been approved to date since March, with just under 140,000 still in place at the end of October, according to new data published by UK Finance
Posted: 12/11/2020
Thirty per cent of people over the age of 60 have never taken financial advice, a new study from Kreston Reeves has revealed
Posted: 12/11/2020
United Trust Bank (UTB) has announced it is increasing the maximum LTV available on its range of first and second charge residential mortgage products to 80%
Posted: 12/11/2020
Remortgage instruction volumes in the UK increased by 11% during October, according to new data from LMS
Posted: 12/11/2020
Twenty7Tec has reported a drop-off in the volume of mortgage searches in the week after the UK entered a second national lockdown
Posted: 12/11/2020
UK gross domestic product (GDP) is estimated to have grown by a record 15.5% during the third quarter of 2020 as lockdown measures eased, the Office for National Statistics (ONS) has revealed
Posted: 12/11/2020
Interest among overseas buyers has continued to be a driving force behind activity in the UK mortgage market during October, according to new analysis from Legal & General Mortgage Club
Posted: 12/11/2020
TMA Club has announced the addition of Pure Retirement to its later life lending panel
Posted: 12/11/2020
more2life has created a new director of operations role and announced the promotion of Steve Dodd, formally head of operations, to fill the position
Posted: 11/11/2020
Shawbrook Bank has completed a £1.18m developer exit bridging loan for a property developer seeking short-term funding to support their next project
Posted: 11/11/2020
Seventy-six per cent of advisers have revealed that clients are more willing to discuss protection than before the pandemic, according to new findings from protection challenger, Guardian
Posted: 11/11/2020
Kuflink has announced that its new investment levels have recovered to pre-pandemic levels as the platform approaches a new high of £95m
Posted: 11/11/2020
Average house prices in England and Wales saw a monthly increase of 0.9% in October, according to the latest e.surv House Price Index
Posted: 11/11/2020
Taxpayers face losing up to £26bn due to fraudulent applications to the government’s coronavirus loan schemes, as well as an inability to pay the money back
Posted: 10/11/2020
The UK unemployment rate hit 4.8% in the three months to September, according to new data published by the Office for National Statistics (ONS)
Posted: 10/11/2020
Air Group has announced its first equity release provider ‘Temperature Check’, focusing on a number of key service measures as experienced by advisers
Posted: 10/11/2020
The value of ATM withdrawals in the UK during the second quarter of 2020 dropped to £22.09bn, according to new data from payments expert, Wallter
Posted: 10/11/2020
Thirty-two per cent of financial advisers and wealth managers have indicated that over half of their clients have seen a decline in incomes generated by their investments
Posted: 09/11/2020
Complete FS has announced it is working with Roma Finance to offer a new buy-to-let (BTL) exclusive product
Posted: 09/11/2020
The Financial Ombudsman Service (FOS) has revealed that it received 68,735 new complaints during the second quarter
Posted: 09/11/2020
The Mortgage Lender (TML) has announced it is releasing a special edition £30m five-year fixed rate buy-to-let (BTL) tranche
Posted: 09/11/2020
TMA Club has urged advisers who aren’t doing so already to start using digital tools that can help them keep on top of changes to their clients’ mortgage policies amid the coronavirus crisis
Posted: 09/11/2020
Click2Check has announced a new partnership with cyber security firm, Beyond Encryption, to utilise its secure email solution, Mailock
Posted: 09/11/2020
Thirty-nine per cent of mortgage holders have never used a broker, according to research from Boon Brokers
Posted: 06/11/2020
Eighty-two per cent of decision makers in accountancy are now using automation as part of their anti-money laundering (AML) checks, research from SmartSearch has found
Posted: 06/11/2020
Principality Building Society has pledged that it will not repossess homes across its business until 30 June 2021
Posted: 06/11/2020

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