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The latest MGM Advantage Annuity Index reveals average annuity rates increased by 0.83% in the first quarter of the year.
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UK house prices increased by 9.1% in the year to February 2014, up from 6.8% in the year to January 2014, according to the latest information from the ONS.
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Inflation fell to its lowest since October 2009 at 1.6% in March, according to the Office for National Statistics.
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New seller asking prices hit another all-time high for the second successive month, according to the latest Rightmove House Price Index.
Mortgage News
Mansfield BS cuts rates on FTB scheme
Mansfield Building Society has cut the rate of interest on its Local Authority Mortgage Scheme from 4.99% to 4.39%.
Loans & Lending News
Enquiries for home improvement loans see springtime boost
Ocean Finance has seen a 50% increase in the proportion of the enquiries it receives for home improvement loans.
Commercial Finance News
Shawbrook improves its broker support on sales desk
Shawbrook Bank’s Commercial Mortgages division has appointed Matthew Woods as Junior Sales Executive on its sales desk.
Economy News
'Get Britain Building' plan only yields 715 new homes, says Labour party
The 'Get Britain Building' plan, designed to to kick-start house building, has so far delivered only 715 new homes, according to new figures released by the Labour Party.
Debt & Insolvency News
1 in 20 uses credit to pay rent or mortgage
More than one in 20 people paid either their rent or mortgage using some form of credit in February this year.
Regulation News
FCA likely to crack down hard on second charge lending, says lender
The Financial Conduct Authority is likely to crack down hard on second charge lending over the next two years after supervision of the sector moves under its jurisdiction in April this year.
Insurance News
Equitable Life Payment Scheme payouts now exceed £900m
The government’s Equitable Life Payment Scheme (ELPS) has now paid out £901 million.
Business News
Norton Broker Services unveils its 'dream team'
The B2B function of the Norton Finance Group, Norton Broker Services, has unveiled their 'dream team' line up of staff, with the aim of establishing themselves as the number one broker in the intermediary market place.
Technology News
NatWest introduces Saturday opening for broker messaging service
This weekend, NatWest Intermediary Solutions is introducing a new Saturday opening for LiveTALK - its popular broker instant messaging service.
Pensions & Equity Release News
Annuity rates remained flat in Q1
The latest MGM Advantage Annuity Index reveals average annuity rates increased by 0.83% in the first quarter of the year.
Investments & Offshore News
Number of advisers outsourcing investment propositions to increase
According to independent financial researcher Defaqto, the number of advisers using discretionary management services will increase in the coming years, in line with continued growth in investment outsourcing generally.
Surveying & Conveyancing News
Call for surveyors to protect market against another crash
The Chief Surveyor of Sesame Bankhall Valuation Services has said that it is becoming increasingly important for chartered surveyors to protect homebuyers and lenders against the mounting risk of a repeat housing market crash.
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