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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
'Unbridled housing boom' unlikely in 2014 says CML
The housing and mortgage markets look set to continue to show greater levels of activity in 2014, according to the latest forecasts from the Council of Mortgage Lenders.
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
Managing our personal finances is getting harder, according to new research
Managing our personal finances is getting harder and the move towards a cashless society could make this trend even worse, according to new research conducted by ING.
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
Ashley Park Granted P-DMP Status
Ashley Park Financial Solutions and sister company Express Debt Solutions have announced they are now offering protocol compliant debt management plans (P-DMP) to their clients.
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
Leeds withdraws 4% monthly income bond
Leeds Building Society will withdraw its unique long-term fixed rate monthly income bond, paying a guaranteed return of 4% for 10 years, with effect from close of business today.
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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- EU fines eight banks £1.4 billion over rate-rigging
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