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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.
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The UK, excluding London, has seen buyer registrations rise 21% annually, while new property instructions are up by just 2%, according to the latest National Sales Index from Sequence.
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Leeds Building Society has announced a wider range of two year fixed rate products for buyers looking for short term deal.
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Skipton Building Society today announced the sale of Homeloan Management Limited, its mortgage servicing subsidiary, in a deal worth £47.5m.
Mortgage News
Leeds relaunches BTL range with rates from 2.65%
Leeds Building Society has relaunched its range of short term fixed rate BTL mortgages, with rates starting from a competitive 2.65%.
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
Dragonfly passes £1bn lending since launch
Dragonfly Property Finance, the UK short- and medium-term lender, today announced it has broken through £1bn of lending since its launch in 2009.
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
Payday loan complaints double in the last two years
The Financial Ombudsman Service has today urged people struggling with payday loans, or other debt worries, to confront the 'shame factor' and seek help.
Regulation News
British Money offers new risk reporting tool
Payment protection specialist British Money is helping lenders fulfil their risk and governance controls through the provision of a bespoke risk reporting tool known as the Conduct Risk Dashboard.
Insurance News
Zurich increases financial underwriting limits for life and CI insurance
Insurer Zurich has increased its financial evidence limits for customers applying for life and critical illness insurance, so that getting cover is quicker and easier for both advisers and their customers.
Business News
Tyrie brands LBG's behaviour 'appalling'
Andrew Tyrie MP has commented on the 'appalling behaviour' leading to yesterday's announcement that the FCA has fined Lloyds Banking Group £105m for failings related to LIBOR and other benchmarks.
Technology News
Bridgebank Capital enhances user experience with new website
As part of the continued development of the Bridgebank Capital business, the company has launched a fully re-designed website with increased functionality, to support user experience.
Pensions & Equity Release News
Delaying annuity until new rules is a gamble, says MGM Advantage
MGM Advantage, the retirement income specialist, has crunched the numbers to see whether it could pay to delay your annuity purchase.
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
Goldsmith Williams no longer accepting instructions directly from brokers
Goldsmith Williams has announced that it is to focus on lender-introduced business and will no longer be accepting instructions directly from brokers and introducers.
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