UK

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Rising rent and housing costs subduing people’s prospects

Increasing renting and housing costs are preventing young people in particular from moving around the country to secure a better life, according to a publication by the Resolution Foundation. The think tank’s newest study describes living standard gaps between different parts of the UK widening over time, with new job opportunities largely found in cities […]

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FCA appoints new FOS chair

The FCA has appointed Zahida Manzoor as the new chair of the Financial Ombudsman  Service. Manzoor will replace Nicholas Montagu, who is stepping down from the position after seven years in the position. Prior to her new appointment, Manzoor served as House of Lords government whip and minister, having been appointed to the House of […]

Crystal Specialist Finance adds Kensington Mortgages to panel

Kensington Mortgages has been added to Crystal Specialist Finance’s lending panel, giving brokers access to a range of specialist residential and buy-to-let products. Packager CSF  launched its specialist residential offering at the start of this month. This deal means brokers can access Kensington’s Select 95 per cent LTV range and its Young Professionals range — with […]

Competition intensifies with 5,000 mortgage deals now available

Competition in the mortgage market has intensified over the past 12 months, with more than 5,000 products now available — an increase of almost 10 per cent on the previous year.  This has had a knock-on effect on pricing, with rates for both two- and five-year fixes falling, according to the latest data available from […]

Mint gives brokers direct access to underwriters

Intermediaries looking to place a short-term loan will now have direct access to underwriters with Mint Bridging. The company says it has updated its sales and underwriting process to ensure the underwriter is the single point of enquiry for its intermediary partners, and will then oversee applications through to the drawdown of funds.  The company says […]

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Equity release increasingly used to pay credit card debts: Key

There has been a big jump in the number of retired homeowners using their property wealth to pay off credit cards and loans, according to Key. The latest market monitor report from adviser Key, shows that more than one in three, 35 per cent, equity release customers are now using funds for this purpose,  the […]