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Mortgage product landscape at 'most competitive' level - Twenty7tec


By Dan McGrath

Twenty7tec has described the mortgage product landscape as the "most competitive it's ever been", as the number of first-time buyer (FTB) purchase searches increased by 13.9% year-on-year to 352,958 in May.

The adviser tech provider’s latest Mortgage Market Activity report revealed that FTBs made up 37.3% of all residential search activity in May, compared to 34% in April


Story 2

Paragon profits boosted by BTL lending

Paragon Bank has reported a 25% rise in new buy-to-let (BTL) lending in its H1 results, on the back of growing landlord demand

Story 3

Annual house price growth slows in May – Halifax

House price growth in the UK slowed in May to 2.5% year-on-year, after rising by 3.2% in April, Halifax has revealed

Story 4

Mercer agrees to acquire Fundhouse

Mercer, a Marsh McLennan business, has reached an agreement to acquire the UK investment advisory firm Fundhouse for an undisclosed amount

Together Financial Services secures £500m bond issuance

Together Financial Services has announced the successful issuance of a new £500m bond offering

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Nivo appointed as NACFB AI partner

Nivo has been appointed as the National Association of Commercial Finance Brokers' (NACFB) new AI partner
Late payment interest on income tax soars to £513m in last five years

HMRC has charged £513m in interest on the late payment of income tax since 2020, a new Freedom of Information (FOI) request submitted by NFU Mutual has shown

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Growth in concern around intergenerational planning

Advisers have reported a rise in the number of clients now concerned about intergenerational planning, new research by HSBC Life (UK) has indicated

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Late payment interest on income tax soars to £513m in last five years

HMRC has charged £513m in interest on the late payment of income tax since 2020, a new Freedom of Information (FOI) request submitted by NFU Mutual has shown

Number of estates liable for IHT to surpass 37,000 by 2027

The number of estates in the UK subject to inheritance tax (IHT) will exceed 37,000 by 2027, according to analysis by Irwin Mitchell

IHT receipts hit second highest ever total in April

Inheritance tax (IHT) receipts reached the second highest monthly total ever recorded, totalling £780m in April, HMRC data has revealed

Two thirds of platforms not providing holistic CGT support

Over two thirds of platforms are not providing advisers with holistic capital gains tax (CGT) planning support, despite it being an "issue they’re grappling with daily", FSL has found

Caring responsibilities among most common customer vulnerabilities – MorganAsh

Caring responsibilities are one of the most common life events experienced by vulnerable financial consumers, MorganAsh has found

UK Finance calls for new drive in demand for green home upgrades

UK Finance has called for action from the financial services sector to drive demand for green home upgrades

FCA streamlines complaints data reporting requirements

The Financial Conduct Authority (FCA) has streamlined the way in which firms submit data on the complaints they receive

FSCS reduces levy burden by £38m

The Financial Services Compensation Scheme (FSCS) has announced a £38m reduction in the total levy payable by firms for the 2025/26 financial year

Over four in five savers ‘over-reliant’ on current account provider – Investec Save

More than four in five (83%) people are "over-reliant" on their current account provider by having a savings account with the bank or building society that also provides their current account, Investec Save has revealed

Growth in concern around intergenerational planning

Advisers have reported a rise in the number of clients now concerned about intergenerational planning, new research by HSBC Life (UK) has indicated

Over eight million current accounts with £10k earning zero interest

Over 8.3 million current accounts in the UK contain balances of more than £10,000, the majority of which are generating zero interest, according to new findings by savings app Spring

Nationwide returns £2.8bn to members as society enjoys record profit

Nationwide returned a record £2.8bn to its members last year, including £1bn in direct payments to eligible members

Grant Thornton Pensions Fund secures £275m buy-in with Royal London

The Grant Thornton Pensions Fund has secured a £275m buy-in with Royal London, securing the benefits of around 2,200 members

Morrisons pension scheme completes £270m buy-in with Aviva

The Morrisons Retirement Saver Plan has completed a £270m buy-in with Aviva, securing the retirement benefits of over 32,000 deferred members of the RSP Section of the scheme

More than half of savers ‘don’t know’ their pension is invested

Six in 10 people "don’t know" their pension is invested, according to a survey by Opinium, on behalf of Hargreaves Lansdown

CommScope Connectivity pension scheme agrees £63m buy-in with Aviva

The trustees of the Andrew Limited Pension and Life Assurance Plan have secured a £63m bulk annuity policy with Aviva, securing the pensions of all 570 scheme members

Mercer agrees to acquire Fundhouse

Mercer, a Marsh McLennan business, has reached an agreement to acquire the UK investment advisory firm Fundhouse for an undisclosed amount

Together Financial Services secures £500m bond issuance

Together Financial Services has announced the successful issuance of a new £500m bond offering

Black & White Bridging’s lending reaches over £250m

Black & White Bridging has successfully lent over £250m since its launch in 2021, the firm has announced

Skybound Wealth Management outlines plan for UK expansion

International wealth advisory group Skybound Wealth Management has announced plans to expand its UK-regulated business

FCA allows firms to experiment with AI alongside NVIDIA

The Financial Conduct Authority (FCA) will launch a Supercharged Sandbox to help financial services firms experiment safely with AI to support innovation

PEXA completes UK’s first fully digital property purchase

PEXA has completed the UK’s first fully digital property transaction

Afin Bank partners with Nivo

Afin Bank has launched a new partnership with Nivo to implement its technology solution to handle all broker interactions

Hinckley & Rugby Building Society partners with SBS to launch mobile app

Hinckley & Rugby Building Society has partnered with software provider SBS to launch a fully integrated mobile app

Nivo appointed as NACFB AI partner

Nivo has been appointed as the National Association of Commercial Finance Brokers' (NACFB) new AI partner

News in brief - 6 June 2025

Today's round up of developments coming out of the consumer finance space, featuring Chetwood Bank, Darlington Building Society and LiveMore

News in brief - 5 June 2025

Today's round up of developments coming out of the consumer finance space, featuring Pepper Money, Nationwide and Masthaven Finance

News in brief - 4 June 2025

Today's round up of developments coming out of the consumer finance space, featuring Market Financial Solutions, Skipton Building Society and Envelop

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

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Is 2025 the year of the remortgage?
An estimated 1.8 million fixed rate mortgage deals are due to expire in 2025, 400,000 more than in 2024. This surge in remortgaging presents a critical opportunity for mortgage brokers to offer essential advice and financial support to homeowners across the UK, ensuring they transition smoothly to new deals amid stabilising interest rates and heightened affordability checks.

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