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UK house prices recorded their fifteenth successive monthly increase in July - but the pace of growth slowed, according to the latest house price index from Nationwide.
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The CML has revised its lending forecasts for this year after housing transactions were higher than expected towards the end of 2013 and beginning of this year.
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Mortgage approvals grew month-on-month in June for the first time since January, according to the Bank of England.
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Lloyds Banking Group has been fined £105m by the FCA for trying to manipulate Libor and other benchmark failings, it has been announced.
Mortgage News
FTBs continue to drive Help to Buy: equity loan scheme
First-time buyers continued to drive the Help to Buy: equity loan scheme in June, completing on 85% of the 27,167 transactions since the scheme launched 15 months ago.
Loans & Lending News
RateSetter appoints first non-exec chairman
P2P lender RateSetter today announced that Alan Hughes will become the company’s first Non-Executive Chairman.
Commercial Finance News
TenetLime announce exclusive BTL products with RBS
TenetLime have announced a series of eight exclusive residential and buy-to-let products in conjunction with RBS Intermediary Partners.
Economy News
House prices up 6.4% boosted by London's double-digit growth
The June data from Land Registry's House Price Index shows an annual price increase of 6.4% which takes the average property value in England and Wales to £172,011.
Debt & Insolvency News
Lenders rather than borrowers to pick up tab on defaulted loans?
Protection specialist British Money warns that lenders who in the future offer credit without providing a suitable mechanism to ensure continuity of payments will not be able to force borrowers to repay their loans.
Regulation News
Smart Money offers compliance consultancy to introducers
Smart Money, the specialist lending distributor, is making the services of its compliance department available to introducing brokers needing help to gain their full permissions for second charge advice.
Insurance News
Zurich pays 91% of CI claims in H1
Zurich today released its claims data for customers with critical illness and life insurance policies, with payments out amounting to £95.2m between January and June 2014.
Business News
7-year window for clawing back banker bonuses introduced
The PRA and FCA have today published two joint consultation papers which outline a new regime for banking accountability, including new rules on clawing back banker bonuses up to seven years after they were awarded or issued.
Technology News
Why we should build a design-led financial world
[SPECIAL FEATURE: Majid Shabir, CEO, Instinct Studios]
Pensions & Equity Release News
Post-Budget uncertainty triggers 43% annuity sales drop
Post-Budget uncertainty has triggered a 43.8% annual fall in advised annuity sales, according to the inaugural At Retirement Report by IRESS.
Investments & Offshore News
Price growth lag for London new builds puts investors at risk
New research conducted by LCP, Specialist Fund and Asset Managers, on the new build market in London has revealed that there have been £1.2bn worth of sales already this year.
Surveying & Conveyancing News
Connells awarded building society valuation contract
Valuation panel management and chartered surveyors Connells Survey & Valuation today announces it has been awarded an exclusive long-term contract to deliver valuation panel management services to Principality Building Society.
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