Latest News

Mortgage balances in arrears jump 18% year-on-year


By Dan McGrath

The value of outstanding mortgage balances with arrears has increased by 18% year-on-year to £21.9bn, the Bank of England (BoE) has revealed

The latest mortgage lending data from the BoE and the Financial Conduct Authority (FCA) revealed that despite the annual increase in value, this has fallen by 0.4% compared with the previous quarter


Story 2

Milecross Financial acquires The Martin Cliffe Practice

Milecross Financial has completed the acquisition of The Martin Cliffe Practice, a financial planning firm based in Milton Keynes

Story 3

Consumer finance business volumes up in October – FLA

The volume of new business agreed in the consumer finance sector increased by 2% year-on-year in October, new data from the Finance & Leasing Association (FLA) has shown

Story 4

Older tenants privately renting surge as younger demographic declines

Tenants in the run-up to retirement age are the fastest growing group privately renting in England, new analysis by Paragon Bank has indicated

Twenty7tec and Nationwide enhance mortgage application process

Twenty7tec has announced an upgrade to its Nationwide APPLY functionality to streamline and enhance the journey for intermediaries

Compare the Market integrates Oakbrook and Finio Loans

Compare the Market has directly integrated Oakbrook and Finio Loans into its money eligibility platform and comparison service
Average five-year fixed rate registers biggest monthly rise in two years

The average mortgage rate on a five-year fixed rate has increased by 0.19% to 5.28% this month, the biggest monthly rise to the five-year fixed average rate since August 2023

Quilter Cheviot completes third phase of investment trust engagement

Quilter Cheviot has completed the third phase of its long-term investment thematic engagement, focused on real estate investment trusts (REITs)

View More News

Categories

IHT receipts on course for fourth consecutive yearly high

Inheritance tax (IHT) receipts collected in the current financial year have reached £5bn, with HM Revenue and Customs (HMRC) set to break collection records for the fourth consecutive year

EV adds new IHT functionality to financial planning tool

Financial services technology provider, EV, has added a new inheritance tax (IHT) functionality to its end-to-end financial planning solution, EVPro

Surge in advice expected as one in 10 deaths set to trigger IHT charge by 2030

Wealth professionals are anticipating a surge in demand for financial advisers as almost one in 10 deaths are set to trigger an inheritance tax (IHT) charge by the end of the decade

IHT threshold freeze could cost families over £230,000

The freeze on inheritance tax (IHT) thresholds could cost families £234,000 over the total duration of the potential two-decade long nil rate band (NRB) freeze, up to the 2030 end date, AJ Bell has revealed

LiveMore calls for mortgage prisoner support following Govt report

LiveMore has called on the industry to support mortgage customers, after an All Party Parliamentary Group (APPG) published a report condemning the Financial Conduct Authority (FCA) on its handling of "mortgage prisoners"

‘Incompetent’ FCA slammed in Parliamentarian report

The Financial Conduct Authority (FCA) has been branded “incompetent at best, dishonest at worst” in a new Parliamentarian report

MBL fined £13m for fictitious trade failings

The Financial Conduct Authority (FCA) has fined Macquarie Bank Limited (MBL) £13m for serious failings that allowed one of its employees to record over 400 fictitious trades

FCA launches research competition to support economic growth

The Financial Conduct Authority (FCA) is launching a new competition to fund research into how regulation can support the economy’s growth

Industry urged to collaborate to help younger generations access financial advice

The financial advice industry should collaborate to help younger generations seek the financial advice and guidance support they need, St. James’s Place (SJP) has argued

Consumer finance business volumes up in October – FLA

The volume of new business agreed in the consumer finance sector increased by 2% year-on-year in October, new data from the Finance & Leasing Association (FLA) has shown

63% of financial services firms struggling to attract younger talent

Over three in five (63%) of financial services firms believe that more encouragement is needed to attract younger people to the industry, new research from Davies has indicated

AJ Bell reports record revenue

AJ Bell has announced a record revenue of £269.4m in its latest annual results, a figure up 23% on last year

Equity release can double pension income, L&G finds

Homeowners in England and Wales could almost double the amount of money they have on hand for retirement by using their property wealth, research by Legal & General (L&G) has found

Avimo Pension Scheme completes £50m buy-in with Rothesay

The Avimo Pension Scheme has completed a £50m buy-in with Rothesay, securing retirement benefits of all 611 scheme members, including 416 pensioners and dependants and 195 deferred members

Wednesbury Pension Scheme completes £43m buy-in with Just Group

The Wednesbury Pension Scheme has completed a £43m buy-in with Just Group

Over a third of over-55s won’t be able to afford desired retirement

Over a third (35%) of over-55s have said they do not believe they will be able to afford the retirement they want, Oxford Risk has found

Milecross Financial acquires The Martin Cliffe Practice

Milecross Financial has completed the acquisition of The Martin Cliffe Practice, a financial planning firm based in Milton Keynes

Foster Denovo acquires Brian Mole Independent Financial Advisers

Foster Denovo has acquired Brian Mole Independent Financial Advisers as part of a move to expand its presence across the Midlands

Moneyfarm acquires Willis Owen

Willis Owen has been acquired by online investment adviser, Moneyfarm, taking the firm’s assets under management to over £5bn

Söderberg & Partners invests in three more UK IFAs

Swedish wealth manager Söderberg & Partners has made three more investments into UK-based independent financial adviser (IFA) firms

Compare the Market integrates Oakbrook and Finio Loans

Compare the Market has directly integrated Oakbrook and Finio Loans into its money eligibility platform and comparison service

Twenty7tec and Nationwide enhance mortgage application process

Twenty7tec has announced an upgrade to its Nationwide APPLY functionality to streamline and enhance the journey for intermediaries

Moneyhub launches new wealth app with Marygold & Co.

Moneyhub has partnered with Marygold & Co. to launch a new wealth management app

WPS Advisory partners with Moneyhub to launch ‘LifeStage’ app

Independent financial advice (IFA) firm WPS Advisory has partnered with Moneyhub to launch an app aimed at supplementing personalised financial guidance and advice

News in brief - 10 December 2024

Today's round up of developments coming out of the consumer finance space, featuring Hanley Economic Building Society, Fleet Mortgages and Uinsure

Quilter Cheviot completes third phase of investment trust engagement

Quilter Cheviot has completed the third phase of its long-term investment thematic engagement, focused on real estate investment trusts (REITs)

News in brief - 9 December 2024

Today's round up of developments coming out of the consumer finance space, featuring Halifax, Barclays and Investec Bank

News in brief – 6 December 2024

Today's round up of developments coming out of the consumer finance space, featuring Gatehouse Bank, Precise, and Newcastle for Intermediaries

BLOG: Expand the holistic solutions you can offer with Royal London Equity Release

Royal London Equity Release discusses the importance of holistic support for clients when it comes to later life lending

BLOG: The younger generation have spotted an alternative route into the housing market – and we should embrace it

Head of business development at Saffron for Intermediaries, Tony Hall, discusses how the younger generation can find their way onto the housing ladder

BLOG: Introducing eConveyancer+ | Raising the bar on communication

The latest MoneyAge blog explores eConveyancer+, a new standard in conveyancing designed to support brokers in delivering exceptional service with complete confidence

BLOG: What You Need to Know About Portfolio Landlords in 2024

Portfolio landlords – those with four or more properties - are the backbone of the private rented sector. Our latest report, Portfolio Landlord 2024, looked into who these landlords are, how they feel about their property business and their plans for expansion

Check out our latest advertorials

Later Life Lending

BANNER

Introducing our Innovative Later Life Lending Navigator Tool

Reinventing retirement

Why Advisers may be missing out on Equity Release market opportunities

View More Advertorials

Latest videos

View More Videos

FREE E-NEWS SIGN UP

Subscribe to our newsletter to receive breaking news and other industry announcements by email.

  Please tick here to confirm you are happy to receive third party promotions from carefully selected partners.


BANNER

The UK housing market in 2024
The performance of the UK housing market in 2024 has largely exceeded many people's expectations, although challenges remain for first-time buyers due to house prices increasing and a testing rental market for many. Regional disparities, such as the North-South divide, also continue to influence housing accessibility and affordability for many buyers in pockets of the country.

Intergenerational lending
MoneyAge News Editor, Michael Griffiths, hosts Family Building Society BDMs, Amar Mashru and Arif Kara, to discuss intergenerational lending and explore ways that buyers can use family income to help increase their borrowing capacity when applying for a mortgage

Helping landlords make their cash work harder
MoneyAge Editor, Adam Cadle, talks to Family Building Society BDMs, Arif Kara and Nathan Waller, about the resilient BTL market, the wide variety of landlords that Family Building Society caters for, and how niche products like an Offset mortgage can help improve cashflow.

BANNER

© 2019 Perspective Publishing     Privacy & Cookies