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UK GDP in volume terms was estimated to have increased by 0.3% between the fourth quarter of 2012 and the first quarter of 2013, unrevised from the previous publication by the ONS.
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The FCA has fined J.P. Morgan International Bank Limited £3,076,200 for systems and controls failings relating to its provision of retail investment advice and portfolio investment services.
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The CML estimates that total gross mortgage lending increased by 4% on March to £12.1 billion in April, but cautions that meaningful comparisons with last April are difficult.
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Total mortgage applications for April 2013 were up by more than 50% year-on-year, fuelled by a monthly spike of 10% according to the National Mortgage Index from Mortgage Advice Bureau.
Mortgage News
AFI launches 7-day best buy deals from 2.99%
Tomorrow, Abbey for Intermediaries will launch two new seven day spring specials with no fee, available exclusively through all Key Accounts.
Loans & Lending News
Aldermore to commence lending in Scotland
Aldermore, the British challenger bank, has announced it will start lending on residential and buy-to-let properties in Scotland with effect from Monday 10th June 2013
Commercial Finance News
73% of brokers say they would recommend 'versatile' bridging finance
United Trust Bank’s broker survey has revealed that 9 out of 10 (91%) bridging finance brokers believe that awareness of the versatility of bridging finance as a short term option has increased over the last 12 months.
Economy News
UK returns to growth - GDP up 0.3% in Q1
UK gross domestic product was estimated to have increased by 0.3% between the fourth quarter of 2012 and the first quarter of 2013, unrevised from the previous publication by the Office for National Statistics.
Debt & Insolvency News
Loan books unwind - but property debt increasingly polarised
Debt held against UK commercial property stood at £197.9bn at the end of 2012, a year-on-year fall of 7.7 per cent, but also revealed continued falls in the value of the worst performing assets.
Regulation News
FCA fines J.P. Morgan International Bank £3m
The FCA has fined J.P. Morgan International Bank Limited £3,076,200 for systems and controls failings relating to its provision of retail investment advice and portfolio investment services.
Insurance News
Holloway Friendly launches 24-hr support for income protection clients
Holloway Friendly this week launches a 24 hour advice and information service for its income protection policy holders. Advisers can access the Care First package for their clients through Holloway’s ‘member support package’.
Business News
Pitmans appointed as Tier 1 legal advisers to Metro Bank
'Banking Revolution’ architects Metro Bank have appointed Pitmans solicitors to its legal panel, in order to provide specialist advice and support to its ambitious growth strategies as they aim to radically change the shape of retail banking.
Technology News
Tenet rolls out 'social service' for advisers
Tenet has introduced a compliance-approved social media framework for its advisers, following the group’s own corporate entry into the arena earlier this year on Facebook, Linked-In, Twitter, Vimeo and Youtube.
Equity Release & Pensions News
Positive Solutions warns not to leave auto-enrolment too late
Positive Solutions is warning businesses that the time is now to start speaking to an IFA about meeting their auto enrolment deadlines.
Investments & Offshore News
Barclays stockbrokers report strong start to the year
New analysis from Barclays Stockbrokers reveals a strong start to the new tax year for funds investing by its clients
Surveying & Conveyancing News
e.surv rolls out Q-Mobile software to 400 surveyors
Landmark Quest has today announced the successful roll-out of mobile tablet devices and Q-Mobile software to e.surv Chartered Surveyors’ national team of residential valuation surveyors.
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Welcome to Financial Reporter the home of business financial news for financial professionals across the United Kingdom.
Rob Barnard's Blog: Aldermore
"The current housing market may be far from ideal for sellers, but it’s a great place to be for buyers...."
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Protecting income - a building block for financial resilience
"While there are glimmers of economic recovery on the horizon, concerns over job insecurity still top the list for many people when it comes to the things they worry about...."
Adam Tyler's Blog: NACFB
"At time of writing, I am actually out of the country, preparing for an appearance at the National Association of Asset and Equipment and Leasing Brokers. We’re looking to build closer ties with their association...."
The Editor's Blog: Amy Loddington
"..the New York Stadium in Rotherham, that is!..."
recent blog posts
- When comparison is anything but...
- Ten reasons to go ethical with investments
- UK’s appetite for owning overseas property returns with a vengeance
- Much ado about nothing
- The moving bridge
- Is it really bridging, or just expensive buy-to-let finance?
- Why cheaper mortgage rates does not equal more loans
- Protecting the consumer
- How social media is changing the world of brokers
- Making ties with the NAELB
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