New Financial Conduct Authority statistics display housing market turbulence over the past two years, raising concerns about buyers and lenders in...
Archive
22 April 2024
From: Breaking News
![Over 120,000 borrowers slash payments via Mortgage Charter](/upload/images/24%2004%2015%20%20%2004.jpg)
Monthly payments on some 123,000 home loan accounts were cut in the first eight months of the government’s Mortgage Charter. The...
15 April 2024
From: Breaking News
![Going Down - Mortgage advisers sentenced over £3m fraud](/upload/images/24%2004%2010%20%2004.jpg)
Mortgage advisers Larry Barreto and Tassib Hussain have been sentenced for fraud offences following a prosecution brought by the Financial Conduct...
10 April 2024
From: Breaking News
![FCA launches working group to probe interest-only mortgages](/upload/images/24%2002%2028%20%2001.jpg)
The Financial Conduct Authority is working with 12 lenders and administrators to probe the interest-only mortgage market. The number of IO and...
28 February 2024
From: Breaking News
![First Time Buyers aged 50-plus “one of fastest growing sectors”](/upload/images/240214%2002.jpg)
There were 12,000 first time buyers over the age of 50 in the UK in 2022, the latest figures available. This means that...
14 February 2024
From: Breaking News
![Growing interest in longer-term mortgages - but borrowers pay dearly…](/upload/images/24%2001%2029%2004.jpg)
The number of mortgages with over 30-year terms sold to UK borrowers jumped 13 per cent in the year to end...
29 January 2024
From: Breaking News
![FCA to probe historic mis-selling following public complaints](/upload/images/24%2001%2015%2001.jpg)
Three years ago the Financial Conduct Authority banned discretionary commission arrangements in a bid to end the incentive for brokers to...
15 January 2024
From: Breaking News
![Enhanced mortgage service platform beefs up Consumer Duty compliance](/upload/images/__thumbs/23%2011%2013%202%20shutterstock_1318349732.jpg/23%2011%2013%202%20shutterstock_1318349732__399x246.jpg)
End-to-end mortgage service Smartr365 has beefed up its platform to improve the experience of brokers sourcing protection packages for clients. These developments...
13 November 2023
From: Breaking News
![Crisis-hit Metro Bank in £3 billion mortgage book sell-off](/upload/images/__thumbs/23%2010%2009%2001%20by%20Graham%20Norwood.jpg/23%2010%2009%2001%20by%20Graham%20Norwood__400x360.jpg)
The crisis hit Metro Bank is in talks to sell off at least a £3 billion portion of its mortgage book. The...
09 October 2023
From: Breaking News
![It’s Beginning To Look A Lot… like a Christmas mortgage crisis](/upload/images/__thumbs/23%2009%2025%202.jpg/23%2009%2025%202__400x267.jpg)
Half a million mortgage-holders are facing an imminent financial shock as their fixed deals end in the run-up to Christmas or...
25 September 2023
From: Breaking News
![New FCA checks for ads for mortgages and other financial products](/upload/images/__thumbs/23%2009%2020%203.jpg/23%2009%2020%203__400x267.jpg)
The Financial Conduct Authority is introducing new screening checks for firms that approve financial adverts. Firms approving financial marketing for unregulated firms...
20 September 2023
From: Breaking News
![FCA slams much late life mortgage advice as sub-standard](/upload/images/__thumbs/23%2009%2018%202.jpg/23%2009%2018%202__400x267.jpg)
Almost 400 misleading promotions by later life mortgage firms have been binned or amended, thanks to the Financial Conduct Authority. The...
18 September 2023
From: Breaking News
![Interest Only mortgages plummet but FCA warns on complacency](/upload/images/23%2008%2021%203%20Housing_Market-400x310.png)
The number of interest-only (750,000) and part-interest-only (245,000) mortgages has halved since 2015, new Financial Conduct Authority analysis has found. The fall...
21 August 2023
From: Breaking News
![Reach Out! New public awareness campaign launched by lenders](/upload/images/4%20WomanSavingMoney_400x310.png)
From this week the banking and finance industry’s Reach Out campaign will be seen across out-of-home advertising, radio, print and digital,...
01 August 2023
From: Breaking News
![Consumer Duty - Four Weeks before the Revolution Starts!](/upload/images/1%20AgentsWorking-400x310.png)
We’re now under four weeks away from the start of the Financial Conduct Authority’s Consumer Duty regime. This introduces a new Consumer...
04 July 2023
From: Breaking News
![Heavy fines should focus the mind on AML](/upload/images/library/Anti-Money-Laundering-4-400x310.jpg)
Organised crime gangs and fraudsters are now thought to be responsible for up to $2trn a year in money laundering, which...
09 September 2021
From: Breaking News
![Debt begone! Lockdown savings fuel record mortgage repayments](/img/default/it.png)
Savings made during lockdown have allowed some borrowers to reduce their debt commitments, with a record £17.6 billion of mortgages repaid...
18 March 2021
From: Breaking News
![Five compliance tips for mortgage advisers](/img/default/it.png)
Over the last ten years, the mortgage market in the UK has changed significantly. Alongside increased regulation of the industry, stricter...
30 October 2020
From: Legislation, Regulation & Compliance
![What do mortgage advisers need to know about anti-money laundering?](/img/default/it.png)
Mortgages have not typically been viewed as a high-risk service when it comes to money laundering, but as the practice becomes...
30 October 2020
From: Legislation, Regulation & Compliance
![First 4 Bridging appoints BDM for the North West](/img/default/it.png)
First 4 Bridging (F4B) has extended its services to the North West of England with the appointment of Simon Bancroft as...
06 February 2020
From: Breaking News
![Brokers should prepare now to help mortgage prisoners](/img/default/it.png)
Mortgage brokerage CLS Money has warned advisers that it’s high time they revisit all of their customers who have struggled to...
25 January 2019
From: Breaking News
![Online activity helps to boost mortgage broker success](/img/default/it.png)
The emergence of new digital tools and services is becoming an increasing driver of intermediary mortgage business, according to Intermediary Mortgage...
20 December 2018
From: Breaking News
![Pepper Money recruits head of products](/img/default/it.png)
Martin Brown has been appointed as the new role of head of products at Pepper Money. Brown joins from lifetime mortgage lender,...
07 December 2018
From: Breaking News
![Borrowers pay £15.4 billion in ‘unnecessary’ SVR interest each year](/img/default/it.png)
A staggering £15.4 billion of annual interest is being paid by mortgage borrowers sitting on their lenders’ standard variable rate (SVR),...
23 November 2018
From: Breaking News
![Pepper Money to acquire Optimum Credit Ltd](/img/default/it.png)
Pepper Money has finalised the terms to acquire 100% of the second charge lender, Optimum Credit Ltd. The purchase will see Pepper...
10 October 2018
From: Breaking News
![Digitizing the mortgage market remains a top priority for banks](/img/default/it.png)
Intelenet Global Services has launched a new ‘Lending Suite’ to help banks generate mortgage offers in as little as 30 minutes. The...
20 September 2018
From: Breaking News
![L&G Home Finance launches new lifetime mortgage partnership with Virgin Money](/img/default/it.png)
Legal & General Home Finance has announced a new 5-year partnership agreement with Virgin Money. The alliance will see the retirement lender...
21 August 2018
From: Breaking News
![Scottish Building Society launches retirement interest-only mortgage](/img/default/it.png)
Scottish Building Society has added a retirement interest-only (RIO) mortgage to its range of products for older people. Since the Financial Conduct...
03 August 2018
From: Breaking News
![Shieldpay to ‘revolutionise’ moving day process in the UK](/img/default/it.png)
The UK’s first digital mortgage settlement has been carried out by Premier Property Lawyers and Shieldpay, bringing transformation to the £245...
06 June 2018
From: Breaking News
![ASTL appoints new speakers at its annual conference](/img/default/it.png)
The Association of Short Term Lenders has announced the first two speakers - Lorna O’Brien of the Financial Conduct Authority (FCA)...
16 August 2017
From: Breaking News
![Society of Mortgage Professionals expanding roadshow in 2017](/img/default/it.png)
The Society of Mortgage Professionals (SMP) has announced that it is expanding its roadshow this year from 10 to 12 regional...
27 January 2017
From: Breaking News
![Mortgage professionals show support for equity release qualification](/img/default/it.png)
The adviser community has offered broad support to the merits of a standalone equity release qualification, according to a joint survey...
20 January 2017
From: Breaking News
![Why banks and building societies should be lending to the over 50s](/img/default/it.png)
Following the introduction of new lending rules in April 2016, under the Mortgage Market Review (MMR), many banks and building societies...
18 January 2017
From: Breaking News
![New lender receives FCA approval](/img/default/it.png)
A new lender, which is aiming to target older borrowers, has received full regulatory approval from the Financial Conduct Authority (FCA). Mortgages4Life,...
24 August 2016
From: Breaking News
![Delays causing brokers most difficulty since introduction of MCD](/img/default/it.png)
The latest Broker Sentiment Survey by bridging lender MTF has found that delays to mortgage applications have caused brokers the most...
26 July 2016
From: Breaking News
![Older borrowers desperately need help now](/img/default/it.png)
The Council of mortgage lenders has urged action to make it easier for older and retired people to take out mortgages. The...
04 December 2015
From: Breaking News
![Second charge lending nears £1 billion](/img/default/it.png)
Second charge mortgage lending is set to top £1 billion this year with £93 million worth of monthly secured lending in...
10 November 2015
From: Breaking News
![Adam Tyler Blog: Plans from the Opposition](/img/default/it.png)
Landlords seem to be under attack from all sides of the political divide, as Chancellor George Osborne buy-to-let tax crackdown proceeds...
02 November 2015
From: 60 Second Interview
![Masthaven Finance applies to become a bank](/img/default/it.png)
Specialist mortgage lender Masthaven Finance has applied to become a bank offering home loans and fixed-interest savings. It has now submitted its banking...
15 October 2015
From: Breaking News
![Industry defends equity release from FCA attack](/img/default/it.png)
Brokers and industry specialists have leapt to the defence of equity release following a Financial Conduct Authority (FCA) report suggesting the...
09 September 2015
From: Breaking News
![One million face interest-only timebomb](/img/default/it.png)
Nearly one million homeowners with interest-only mortgages are a "ticking timebomb" because they have made no plans for paying off their debt. The...
07 September 2015
From: Breaking News
![Adam Tyler blog: Time for regulatory change](/img/default/it.png)
The National Association of Commercial Finance Brokers (NACFB) is holding an interim conference to support the next set of changes that...
21 August 2015
From: Sponsored Content
![FCA to speak at ASTL conference](/img/default/it.png)
The Financial Conduct Authority (FCA) will discuss the impact of the EU Mortgage Credit Directive (MCD) on borrowers and brokers at...
07 August 2015
From: Breaking News
![‘Scope for improvement’ in mortgage advice, watchdog says](/img/default/it.png)
The Financial Conduct Authority says that, although most borrowers receive suitable advice, lenders and brokers still have room to improve. The FCA’s...
10 July 2015
From: Breaking News
![Brokers struggle to gain FCA approval](/img/default/it.png)
A large majority of asset finance brokers say that they have found it difficult to gain authorisation from the Financial Conduct...