Treasury Brexit report “absurd”

Mon 18 Apr 2016

Claims that the UK’s economy would be hit by a Brexit have been ridiculed by MPs, the media and Twitter users, left bamboozled by complex Treasury economic forecasts they say are “absurd”. Chancellor George Osborne claimed this morning that the UK will suffer “decades of pain” if there is a vote to leave Europe as the Treasury […]

Lack of awareness of Help to Buy ISA

Mon 18 Apr 2016

Two in four Britons admit to knowing very little about the government’s Help to Buy ISA while 14% have never even heard of it, research from Precise Mortgages has found. The government’s Help to Buy ISA, which launched in December 2015, is designed to boost first-time buyers’ ability to raise a deposit to purchase their […]

Asset finance up 9% in February

Fri 15 Apr 2016

Asset finance new business (primarily leasing and hire purchase) grew by 9% in February, compared with the same month last year, figures from the Finance & Leasing Association show. Commercial vehicle finance increased in February by 17% compared with the same month in 2015. Business equipment finance and plant and machinery finance each grew by 12% […]

AToM and Kensington launch partnership

Fri 15 Apr 2016

AToM, the specialist packager, has launched a partnership with Kensington. Dale Jannels, managing director at AToM, said: “For those of us who have been in the industry a long time, Kensington have always been a well-known brand in the specialist arena. “To rekindle relationships with the specialist packager community shows their intent to establish themselves […]

FCA’s Bailey to replace McDermott in July

Thu 14 Apr 2016

Acting FCA chief executive Tracey McDermott will leave the regulator on 1 July and permanent replacement Andrew Bailey will take up the role. McDermott announced that she wouldn’t be staying on at the regulator on 7 January while Bailey was unveiled as her successor on 26 January. John Griffith Jones, chairman of the FCA, said: […]

Sam Woods hired as new PRA chief

Fri 8 Apr 2016

Sam Woods take over from Andrew Bailey as head of the Prudential Regulation Authority in July. Woods works as executive director of insurance at the PRA and will join on a five year renewable term. Bailey will leave to become the Financial Conduct Authority’s new boss at the end of June. Mark Carney, governor of […]

TFC moves to Manchester city centre

Mon 4 Apr 2016

Specialist distributor TFC Homeloans has relocated its head office to Manchester. Its new office is based in the heart of the city, within minutes of the mainline Piccadilly station. The move marks a key step in the specialist distributor’s ambitious expansion plans, and will accommodate the existing TFC team as well as new appointments over the […]

Half of advisers favour Brexit

Tue 29 Mar 2016

Half (50%) of financial advisers contacted by Intelliflo wanted Britain to leave the European Union. Just over a third (34%) said they wanted to stay in Europe, while one in six were uncertain on whether they will vote for or against a Brexit. Nick Eatock, Intelliflo’s executive chairman, said: “With three months to go to […]

SPECIAL FEATURE: The credit score con

Wed 16 Mar 2016

Pete Mugleston, director at Online Mortgage Advisor, reveals why he thinks clients are being duped into cleaning up their credit scores Do credit scores actually mean anything? The answer is, if you’re applying for a mortgage – probably a lot less than you think. We have customers come to us every day puzzled as to […]

Pivot partners with Target Group

Mon 14 Mar 2016

Pivot Finance has selected Target Group for its ‘Bluechip’ lender system. The system provides processing automation, smart documentation and a comprehensive suite of reports in addition to loan administration and broker management modules. Ian Larkin, co-group chief executive at Target Group, said: “Our system will allow them to manage their business more efficiently at a […]