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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
Virgin launches Help to Buy mortgages ahead of schedule
Virgin Money has today announced the launch of new 95% and 90% LTV residential mortgages as part of the Government’s Help to Buy mortgage guarantee scheme, several weeks ahead of schedule.
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
Genworth appoints new mortgage insurance manager
Genworth, the provider of mortgage insurance products across the globe, has today announced the appointment of Tim Rooney as its new Country Manager for Mortgage Insurance in Germany.
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
Autumn Statement: State pension age to be raised to 69
During the Autumn Statement today, George Osborne today announced that an increase in the state pension age to 68 in the mid 2030s and to 69 in the late 2040s would be 'fair', citing increased life expectancy.
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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The Editor's Blog: Amy Loddington
EXCLUSIVE - FSE London 2013: Ian Andrew, Nationwide Intermediary Sales
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