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House prices in the three months to October were 1.6% higher than in the previous quarter (May-July), according to the latest house price data from Halifax.
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George Osbourne announced today the revised figures from the Office of Budget Responsibility, who have upgraded their growth projection for the UK economy to 1.4% from 0.6%.
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The number of loans advanced to homebuyers in November climbed above 70,000 for the first time since January 2008, according to the latest Mortgage Monitor from e.surv.
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2014 will see lenders in the bridging market start to consolidate and could even see some lenders go to the wall, predicts Fincorp.
Mortgage News
NatWest slashes rates on fixed rate products
NatWest Intermediary Solutions will be reducing the rates on a number of its fixed rate residential deals tomorrow.
Loans & Lending News
Dragonfly Property Finance passes £750m of loans
Short- and medium-term lender Dragonfly Property Finance, today announced it has passed two significant growth milestones.
Commercial Finance News
UTB hires solicitor to enhance bridging team
United Trust Bank has hired banking lawyer William Gould for its Bridging Division. William’s appointment will enable the Bank to further develop its service, in particular with regard to providing complex structured loans.
Economy News
Autumn Statement: Growth up significantly, says OBR
George Osbourne announced during the Autumn Statement today the revised figures from the Office of Budget Responsibility, who have upgraded their growth projection for the UK economy to 1.4% from the 0.6% predicted in the March budget.
Debt & Insolvency News
Number of new clients with payday loans doubles in two years
To date, one in three (37%) of Debt Advisory Centre’s new clients in 2013 owe money to payday lenders.
Regulation News
Autumn Statement: Crackdown on tax avoidance
In his Autumn Statement today, George Osborne announced new measures regarding tax, including cracking down on tax avoidance and aggressive tax planning.
Insurance News
Aviva enhances CI cover to increase number of claims paid
Aviva has enhanced its critical illness cover, with a focus on changes which will make the biggest difference to its customers.
Business News
Dudley BS pleased with positive intermediary response
Dudley Building Society, the Midlands based mutual, which announced its intention to lend exclusively through the intermediary sector earlier this year, is delighted with the response it has had from brokers and its distributor partners.
Technology News
Vizolution launches web chat for advisers
Vizolution has launched vChat, a new web chat capability for advisers or agents speaking to clients remotely.
Pensions & Equity Release News
Legal & General passes 500,000 automatic enrolments
Legal & General has auto enrolled over a half a million new members (525,000) into company pension schemes since staging commenced in October last year.
Investments & Offshore News
Shawbrook launches new 5 year bond at 3.20%
Following the success of previous Shawbrook 5-year fixed rate bonds, a new issue has been launched by the Bank today at a market leading rate of 3.20% Gross/AER.
Surveying & Conveyancing News
Birchall Blackburn join Broker Conveyancing panel
Broker Conveyancing, the broker-focused conveyancing distributor, has today added Birchall Blackburn Law to its solicitor firm panel.
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Matt Edward's Blog
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