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BREAKING NEWS

Lewis refuses to regulate estate agents

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Housing minister Brandon Lewis has allegedly ruled out regulation of estate agents, even after the NAEA pleaded with him to smarten up the industry.

Wellesley to launch broker portal

Peer-to-peer bridging and development finance lender Wellesley & Co is planning to launch a broker portal called Wellesley Finance in Q3 this year.

Yorkshire defends direct-only decision

Yorkshire building society has defended its decision not to offer its lowest ever mortgage rate of 1.07% through brokers.

 


More News

Frank Eve Blog David Gilman Blog Inblognito Tim Wheeldon Hugh Wade Jones David Gilman Kevin Paterson Blog Tony Ward Blog Brian Murphy Blog John Phillips Blog Brian Murphy Christian Faes

Lewis refuses to regulate estate agents

Housing minister Brandon Lewis has allegedly ruled out regulation of estate agents, even after the NAEA pleaded with him to smarten up the industry.

Wellesley to launch broker portal

Peer-to-peer bridging and development finance lender Wellesley & Co is planning to launch a broker portal called Wellesley Finance in Q3 this year.

Social rent arrears fall

Housing Association rents arrears policies are working, research from Mobysoft shows.

Specialist lending workshops from TFC

TFC Homeloans has announced two free specialist lending workshops aimed at advisers who want to learn more about helping their clients and increasing their revenues.

Crowdfunded BTL funded in minutes

A property listed on residential crowdfunding platform Property Partner reached its funding target in a record 35 minutes with investments coming in at a rate of £6,000 a minute.

Yorkshire defends direct-only decision

Yorkshire building society has defended its decision not to offer its lowest ever mortgage rate of 1.07% through brokers.

Refer struggling borrowers to advisers

Lenders should encourage borrowers struggling with their mortgage payments to seek financial advice, a report commissioned by the Council of Mortgage Lenders has suggested.

Nationwide chief to retire as profits grow

Nationwide has announced that its chief executive Graham Beale will retire in July next year after the bank recorded strong annual profits.

YBS launches lowest ever rate at 1.07pc

Yorkshire building society has today launched the UK’s lowest ever fixed rate mortgage with a 1.07% initial rate available direct only.

FCA warning on poor SME claims handling

Insurers have been rapped on the knuckles for poor handlilng of insurance claims by small and medium sized businesses following a review by the regulator.

Government fails to promote housing wealth

The government has failed to promote the role of housing wealth in retirement funding said experts and financial professionals at the Great Retirement Money Debate hosted by the Equity Release Council.

Saffron launches transitional mortgage

Saffron building society has set out its stall to help mortgage prisoners remortgage under transitional rules allowing for a more flexible approach to affordability assessment.

BSA 2015: Financial firms are like North Korea

Regulators and firms have a dangerous culture of North Korean-style totalitarianism, "corporate philosopher" Roger Steare claimed at the Building Societies Association Conference 2015 in Harrogate yesterday.

House prices continue to rise

House prices across the Hometrack UK cities house price index grew by an average of 1.4% over the three months to April - higher than the same period in 2014 (1.2%) and the highest three month average rate of growth for a decade.

BSA 2015: KPMG calls for unity against hackers

Firms should band together to stop hackers extracting money to fund more illegal activities, KPMG partner Stephen Bonner said at the Building Societies Association Conference in Harrogate today.

Teachers launches H2B remo

Teachers Building Society has widened the availability of its Help to Buy mortgage, making it available for remortgage as well as home purchase.

Rogue landlords raking in billions

Rogue landlords are raking in £5.6bn a year by letting out unsafe homes that fail to meet legal standards, research has claimed.

Cusp of recovery despite lending dip

Gross mortgage lending was estimated at £16bn in April, 1% down on the previous month and 4% lower than the £16.7bn a year ago, Council of Mortgage Lenders figures show.

Cusp of recovery despite lending dip

Gross mortgage lending was estimated at £16bn in April, 1% down on the previous month and 4% lower than the £16.7bn a year ago, Council of Mortgage Lenders figures show.

Prestige launches BTL seconds range

Prestige Finance, the second charge loan specialist and part of OneSavings Bank, has launched a range of buy-to-let products for second charge lending.

Just 34,000 new homes built in Q1

There were around 34,040 completions in Q1 2015, up 10% on Q4 2014 and 21% above Q1 2014, the latest figures from the Department of Communities and Local Government show.

BSA elects Bath CEO as chairman

Dick Jenkins, chief executive of Bath building society, has been elected deputy chairman of the Building Societies Association.

BSA 2015: Don't demonise BTL

Buy-to-let shoudn’t be demonised as the quality of lending remains high, Bank of England deputy governor for prudential regulation and Prudential Regulation Authority chief executive Andrew Bailey has said.

FSE: Lack of building a national disgrace

The lack of new housing coming to market is “a national disgrace”, experts have warned.

FEATURED ARTICLES

Buying business premises

Did your business begin at the kitchen table? Have you outgrown the spare room or shared office space?

Help! Get these hazards out of my home

Does your toaster fail to pop up? Do you have a kettle that won't boil? Or does your vacuum leave more dust than it picks up?


Buy-To-Let

Bob Young

Buy-to-let outpacing residential growth

Analysis from Equifax Touchstone shows that buy-to-let lending in Q1 2015 grew by nearly 20% year-on-year, outpacing residential lending which was up by 1.6%.

Scot Wids Bank to pay product transfer proc fees

Scottish Widows Bank has today launched an online mortgage product transfer facility paying a full procuration fee upon completion.

Landlords predict rent rises to tail off

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UK landlords expect annual rent growth to slow to 1.7% by next year, down from 3.7% currently.

Landlords should consider costs to measure returns

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Three-quarters of UK landlords don’t factor in the running costs they incur when measuring returns – a factor that can add up to over half of gross annual returns, research from Platinum Property Partners reveals.


Bridging and Commercial

NACFB announces Expo attendees

With less than one month to go until the NACFB’s sixth Commercial Finance Expo on 17 June, the NACFB has announced the presence of some big and influential names.

FCA Confirms Attendance at Commercial Expo

The FCA will be attending the NACFB’s annual Commercial Finance Expo on the 17th June.

TFC and Lancashire complete 3 day bridge

TFC Homeloans and Lancashire Mortgage Corporation joined forces last month to ensure a client did not lose an auction property, by arranging bridging finance in just three days.

Amicus completes 67m in Q1

Amicus, the London based short term funder completed £67m worth of completions with over £30m in March alone in the first quarter of 2015.


Equity Release

Tim Wheeldon Blog

SPECIAL FEATURE: The path to a good life

Stuart Wilson, marketing director at more 2 life, says more people will come to realise that their home can provide a significant boost to their retirement finances.

Home should be part of retirement mix

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Three quarters of advisers think that more retirees should consider their property as part of their asset mix when looking at funding their retirement.

more 2 life enhances choice

Breaking News

more 2 life is expanding choice and flexibility for equity release customers and advisers with the Tailored Choice Plan providing personalised plans and rates.

Pure cuts drawdown rates

Pure Retirement has reduced the interest rate on the ‘Pure Drawdown Plan’ has been reduced by 0.43% to 6.59% monthly (6.79% annual).


Protection

Geoff Hall Mark Jones

Paradigm Protect teams up with ActiveQuote

Paradigm Protect has formed a new introducer relationship with health insurance advice specialists, ActiveQuote.

MoneySuperMarket renews contract with LifeSearch

Leading comparison website MoneySuperMarket has renewed its long term contract with protection intermediary LifeSearch to provide independent protection advice to its customers.

Bipolar sufferer to benefit from 7 Familes campaign

According to Bipolar UK 1% to 2% of the population experience a lifetime prevalence of bipolar and recent research suggests as many as 5% of us are on the bipolar spectrum.

Aegon: Promote claims stats better

Aegon UK wants the protection industry to boost consumer trust and confidence by better promoting claims statistics after research found 77% of consumers weren’t aware of the current strong rate of payouts for protection policies.


Industry

Christian Faes Blog

Buying business premises

Someone working on a laptop

Did your business begin at the kitchen table? Have you outgrown the spare room or shared office space?

House prices continue to rise

House prices across the Hometrack UK cities house price index grew by an average of 1.4% over the three months to April - higher than the same period in 2014 (1.2%) and the highest three month average rate of growth for a decade.

Help! Get these hazards out of my home

Does your toaster fail to pop up? Do you have a kettle that won't boil? Or does your vacuum leave more dust than it picks up?

BSA 2015: Financial firms are like North Korea

Regulators and firms have a dangerous culture of North Korean-style totalitarianism, "corporate philosopher" Roger Steare claimed at the Building Societies Association Conference 2015 in Harrogate yesterday.