Mortgage approvals fell by 28 per cent in May, according to the Bank of England. Only 42,000 approvals were recorded, down by 64 per cent from 12 months ago. It is the lowest figure since the Bank began reporting the data in 1993.
By Denise Wond, marketing manager The buy-to-let market has recently been the subject of a raft of tax changes, all of which make it a less profitable and less appealing proposition for investors. In response, we’ve seen a dip in demand for BTL mortgages and that’s bad news for many advisers who will now be looking […]
Around 1,400 clients of collapsed discretionary fund manager Beaufort Securities are still waiting for their claims to be processed, Money Marketing understands. The Financial Services Compensation Scheme confirmed it is still working on redress calculations for the cases. Beaufort Securities became the target of both FBI investigations in the USA and FCA sanctions in the UK […]
A weekly account of the curious goings-on in the world of financial services Financial wing attackWSJ mused over the varying hobbies of financial services professionals a few weeks back and has something new to add to the tally: netball. We have long known Technology & Technical director and adviser Kim North is a fan of […]
Debbie Gupta took over as co-director for financial advice and life insurance at the FCA last year. She will be taking a deep dive into where the regulator really stands when it comes to advisers with a presentation at our Money Marketing Interactive conference in April. Before taking to the stage, she discusses why she […]