- Skipton sells mortgage servicing arm for £47m
- Zurich increases financial underwriting limits for life and CI insurance
- LV= moves to fully electronic annuity process
- FCA imposes ban on Financial Group for failing to control ARs
- New rules set to 'break shackles on annuity design', says Just Retirement
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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.
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Skipton Building Society will today reduce rates on selected 2, 3 and 5 year residential and buy to let fixed rate mortgages.
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Legal & General’s latest Mortgage Mood survey has revealed that 68% of homeowners fear a mortgage rate rise in the next 12 months.
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Millions of people will benefit from a right to free and impartial guidance on how to make the most of the new pensions choices that come into effect in April 2015, George Osborne announced today.
Mortgage News
Skipton sells mortgage servicing arm for £47m
Skipton Building Society today announced the sale of Homeloan Management Limited, its mortgage servicing subsidiary, in a deal worth £47.5m.
Loans & Lending News
Record-breaking P2P loan from LendInvest repaid
LendInvest has today confirmed that its world record breaking peer-to-peer loan has now been repaid.
Commercial Finance News
UTB expands team to launch new professional lending product
United Trust Bank is continuing to expand its short term lending into new markets by appointing Kevin Flowerday to launch a new Professional Lending product.
Economy News
Global banks 'could face fines of up to £250bn by 2020'
The multi-million pound fines levied to date against global banks for breaking anti-money laundering rules and sanctions violations are the tip of the iceberg, according to data-as-a-service provider, Anomaly42.
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
Final notice from FCA on £450,000 fine for senior banker
The Financial Conduct Authority has today published a Final Notice for former JPMorgan banker Ian Hannam stating that it has fined him £450,000.
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
FCA imposes ban on Financial Group for failing to control ARs
The FCA has used its suspension power for the first time, banning two of the Financial Group’s subsidiaries from recruiting new Appointed Representatives and individual advisers for a period of four and a half months.
Technology News
New sourcing system launches
A new, cloud-based sourcing system has launched, from APAC Systems, combining criteria and application questions from 128 lenders to create a generic application form designed to save time for brokers.
Pensions & Equity Release News
LV= moves to fully electronic annuity process
Retirement specialist LV= is the first provider to move to a fully electronic annuity application process with technology provider, TOMAS.
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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