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Legal & General’s lifetime mortgage lending passes £200m


Legal & General says its lifetime mortgage lending hit £201m in 2015.

The firm finished its takeover of New Life Home Finance in April 2015 and has since rebranded it as Legal & General Home Finance and launched an extended product range.

Legal & General lent £99m in the final quarter of 2015. The firm says this equates to 22 per cent of the market.

The Equity Release Council said that lifetime mortgage lending hit a high in 2015, at £1.6bn, up 16 per cent on 2014.

Legal & General Home Finance chief executive Bernie Hickman says: “I’m delighted with the start Legal & General Home Finance has made in the lifetime mortgage market in 2015.

“The market has experienced 20 per cent compound annual growth since 2011 and an aging population adds further potential growth in years to come.”


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FCA facing regulatory ‘overload’, Treasury committee chair warns

Treasury committee chairman Andrew Tyrie has warned the FCA and the Bank of England are facing “overload” and says regulators could be powerless in preventing the next financial crisis. Speaking during a debate on the Financial Services Bill on Monday, Tyrie said the Government’s legislative agenda – including the pension freedoms and the introduction of […]


Former BoE governor joins Aston Villa board

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FCA hit by 491 complaints in 2015

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Wonga scammers jailed at Old Bailey

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Johnson Fleming set to host webinar on auditing auto-enrolment schemes

With 23 auto-enrolment compliance notices issued by the Pensions Regulator, and an evolving legislative landscape meaning previously compliant schemes may now be in breach of regulation, now is the time to think about auditing your auto-enrolment scheme. Johnson Fleming is hosting a webinar on 9 October at 11:00 on how to audit your scheme to ensure compliance, avoid breaches and fines and overcome data issues.


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