• Large jump in profits at the Newcastle

    The Newcastle Building Society has reported that its pre-tax profits increased to £8.1m for the year ended 31 December 2016, compared with £5.4m for 2015. ...

  • Aldermore outlines retention fee offering

    Aldermore is to launch a retention procuration fee for brokers on 3 April 2017. Procuration fees will be available to brokers on completion of product tra ...

  • Remortgaging approvals up 16% year-on-year

    Latest high street banking data from the British Bankers' Association (BBA) shows that consumer borrowing through overdrafts, loans and credit cards grew ...

  • The Coventry reports 13% rise in new lending

    The Coventry Building Society has reported 'record results' for 2016. The mutual's full year results show record mortgage growth with new lending up 13% t ...

  • New buy-to-let deals from Pepper Homeloans

    Pepper Homeloans has launched two and five-year buy-to-let fixed rates and cutting some existing rates by up to 0.5 percentage points.  Limited edition tw ...

  • Magellan partners with 3mc

    Magellan Homeloans is to distribute its full range of mortgage products via the specialist distributor and packager 3mc.  Intermediaries will be able to o ...

  • New Help to Buy deal from the Leeds

    The Leeds Building Society has reported continued strong demand for Help to Buy Equity loan mortgages. The mutual was among the first lenders to join the ...

  • Lowest rate ever for Kent Reliance

    Kent Reliance has made changes to its specialist buy-to-let mortgage range, with rates now starting from 2.99%, its lowest ever interest rate. The price r ...

  • Trio joins Complete FS

    Complete FS has announced the arrival of three new members of staff to its bridging & commercial, residential & buy-to-let and sales & enquiri ...

  • Sharp rise in bridging loan demand

    The Association of Short Term Lenders (ASTL) has reported that the value of bridging loans written by its members increased 26% in the final quarter of 20 ...

  • Pair join Together’s commercial team

    Together has announced two appointments to its commercial team. David Walsh (pictured, centre) has joined as commercial underwriting manager and will over ...

  • The bridging price war will continue

    It has been, shall we say, an interesting start to the new year particularly in the lending sector and, even at this early stage, I think we can potential ...

  • Expansion plans at BFS

    Bridging Finance Solutions (BFS) is planning to double turnover for the third year running. Last year was a record year for the Wirral based firm. With a ...

  • Shawbrook completes urgent bridge in three days

    Shawbrook Bank's commercial mortgages has stepped in to provide a vital bridging loan for a client of its strategic broker partner, Brightstar Financial. ...

  • New head of sales for Mint Bridging

    Mint Bridging has hired Sinead Moynihan as its new head of sales. Before joining Mint Bridging, Moynihan worked with Swift Insolvency Solutions Limited as ...

  • New Shawbrook Academy schedule published

    Shawbrook Bank has announced a new series of its Shawbrook Academy events for advisers. The sessions will be run in conjunction with three of Shawbrook’s ...

  • Aldermore outlines retention fee offering

    Aldermore is to launch a retention procuration fee for brokers on 3 April 2017. Procuration fees will be available to brokers on completion of product tra ...

  • The Coventry reports 13% rise in new lending

    The Coventry Building Society has reported 'record results' for 2016. The mutual's full year results show record mortgage growth with new lending up 13% t ...

  • Landlords enjoy good start to 2017

    The latest Your Move England & Wales Buy to Let Index has found that rents grew in all-but-one region in the year to January 2017. Across the whole of ...

  • New buy-to-let deals from Pepper Homeloans

    Pepper Homeloans has launched two and five-year buy-to-let fixed rates and cutting some existing rates by up to 0.5 percentage points.  Limited edition tw ...

  • Lowest rate ever for Kent Reliance

    Kent Reliance has made changes to its specialist buy-to-let mortgage range, with rates now starting from 2.99%, its lowest ever interest rate. The price r ...

  • Coventry for Intermediaries to pay BTL transfer proc fees

    Coventry for Intermediaries is to start paying product transfer fees on buy-to-let retention business from 1 April. This follows its commitment to paying ...

  • Saffron For Intermediaries unveils specialist BTL deals

    Saffron For Intermediaries has launched five-year fixed rate mortgages for expats purchasing or remortgaging rental property and for landlords wanting to ...

  • Accord lowers 60-75% LTV buy-to-let rates

    Accord Buy To Let has cuts rates on its lower loan to value (LTV) mortgages by up to 0.30 percentage points. There are now lower rates on selected 60%, 65 ...

  • Aldermore outlines retention fee offering

    Aldermore is to launch a retention procuration fee for brokers on 3 April 2017. Procuration fees will be available to brokers on completion of product tra ...

  • Magellan partners with 3mc

    Magellan Homeloans is to distribute its full range of mortgage products via the specialist distributor and packager 3mc.  Intermediaries will be able to o ...

  • Pepper expands network distribution

    Pepper Homeloans has extended its distribution network to include Ingard. The Essex and Chester based mortgage network will market Pepper’s range of resid ...

  • Accord extends retention proc fee pilot

    Accord Mortgages is broad ending its pilot scheme to pay brokers a procuration fee for retained business on residential mortgages. The lender began piloti ...

  • Lender-broker relationship explored in new paper

    The Intermediary Mortgage Lenders Association (IMLA) has published a new discussion paper, Insights into the changing shape of the lender broker relations ...

  • The Leeds to pay retention fees

    The Leeds Building Society will introduce retention procuration fees later this year. The mutual will pay 20bps to intermediaries for product transfers, a ...

  • Kensington cuts packager rates

    Mortgage distributor 3mc has confirmed that Kensington is cutting its rates on its specialist distributor range, which is only available via selected pack ...

  • Vida Homeloans partners with Mortgage Intelligence

    Vida Homeloans has been appointed to the Mortgage Intelligence panel of lenders for both network and club members.  Mortgage Intelligence members now have ...

  • Borro okays loan and transfers funds in three hours

    Borro has provided a client of London mortgage broker Coreco with a loan of £23,800 secured against a collection of jewellery and watches. The transaction ...

  • Callcredit secures FCA authorisation

    Callcredit Information Group's wholly owned subsidiaries, Callcredit Limited and Callcredit Consumer Limited, have achieved full Financial Conduct Authori ...

  • Rise in guarantor loan issues

    Citizens Advice has seem a 40% increase in the number of guarantor loan problems that it has helped people with over the last year. When taking out a guar ...

  • Equifinance sees changing customer profile

    Second charge mortgage lender Equifinance says the profile for customers taking out a second charge mortgage has changed significantly against the backdro ...

  • Warning sounded over doorstep lending practices

    A new report published by Citizens Advice has identified a number of concerning practices by some doorstep lenders. The evidence, submitted to the Financi ...

  • 4% rise in second charge business last year

    The Finance & Leasing Association (FLA) has reported growth of 9% in consumer finance new business in 2016. The FLA also said that new business in Dec ...

  • New Shawbrook Academy schedule published

    Shawbrook Bank has announced a new series of its Shawbrook Academy events for advisers. The sessions will be run in conjunction with three of Shawbrook’s ...

  • PPI claims firm rapped over ad

    The Advertising Standards Authority has upheld a complaint from Lloyds Banking Group over a claims management firm's advert. A website for www.hallandhanl ...

  • Callcredit secures FCA authorisation

    Callcredit Information Group's wholly owned subsidiaries, Callcredit Limited and Callcredit Consumer Limited, have achieved full Financial Conduct Authori ...

  • GI firm to provide £12.5m redress

    The Financial Conduct Authority (FCA) has agreed a redress arrangement with Express Gifts Ltd, a direct mail order and online business with permission to ...

  • TMA wants fight against “unfair” FSCS levy 

    TMA Mortgage Club is calling on brokers to respond to a consultation paper from the Financial Conduct Authority (FCA)  on the way the current Financial Se ...

  • The Source implements FCA renewal measures

    On 1 April 2017, new rules from the Financial Conduct Authority (FCA) aimed at increasing transparency and engagement at renewal in general insurance will ...

  • CML backs independent social housing regulation

    The Council of Mortgage Lenders (CML) says it supports the principle that the regulation of social housing should be completely independent from the Homes ...

  • FSCS deposit protection limit increases

    The Financial Services Compensation Scheme (FSCS) deposit protection limit has risen, as of today (30 January 2017). The FSCS is a scheme provided by the ...

  • FCA takes action against lender of last resort

    The Financial Conduct Authority (FCA) has taken its first criminal action against an individual acting as unlicensed consumer credit lender. on 17 January ...

  • Paragon unveils its first residential range

    Paragon Mortgages has embarked upon the first phase of its residential mortgage launch. The range is aimed at customers in specialist segments, including ...

Latest GI and Protection News