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The Co-operative Group announces that Euan Sutherland has resigned as Group Chief Executive with immediate effect. Richard Pennycook, Chief Financial Officer, has been appointed as Interim Group Chief Executive.
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The proportion of UK properties currently on the market for sale with a reduced asking price has fallen to its lowest level in four years according to property website Zoopla.co.uk.
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Masthaven Bridging has announced the appointment of Jan Gallagher as National Corporate Sales Manager.
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Help to Buy 2 will be cut short, lenders have predicted in research conducted by the Intermediary Mortgage Lenders Association.
Mortgage News
Lending to FTBs hits six-year high
The Bank of England and FCA today published the latest Mortgage Lenders and Administrators Statistics for the United Kingdom covering the period Q4 2013.
Loans & Lending News
Omni Capital restructure to offer resi & commercial loans up to £250m
Christian Candy-backed Omni Capital, providers of short and medium-term residential property funding, has launched an international structured finance division offering residential and commercial loans of up to £250 million.
Commercial Finance News
NatWest drops BTL rates by up to 0.24%
NatWest Intermediary Solutions is launching two new 5 year fixed rate BTL mortgages tomorrow and reducing rates on other buy-to-let deals of between 0.20-0.24%, as part of its commitment to lending in the ‘amateur landlord’ sector.
Economy News
Putting the bank rate in historial context - Ray Boulger
Ray Boulger, of independent mortgage adviser John Charcol, comments on today’s statement from the MPC and the mortgage market.
Debt & Insolvency News
Third of people with debt worries say mental health affected
Worrying about debt is putting pressure on some people’s mental and physical health, new research has found.
Regulation News
Compliance 'obsession' holding D2C platforms back
Altus’ latest white paper has found that whilst nearly 90% of firms predict substantial growth in D2C platforms over the next few years, many are being held back by worries over perceived compliance issues.
Insurance News
Uinsure launches broker sales tool
General insurance provider Uinsure has launched an impartial comparison tool to allow brokers to compare products across the market at point of sale.
Business News
Record levels of business sees Fincorp looking to recruit
Bridging lender Fincorp is on the lookout for a talented business development director and two administrative staff to help the company cope with record levels of business.
Technology News
CMC launches revamped website for brokers
Connect Mortgage Club has relaunched its website to include more tools and services for brokers.
Pensions & Equity Release News
ABI sets out reforms to boost retirement incomes
Customers will get more help to achieve better outcomes when they turn their pension savings into a retirement income, the Association of British Insurers announced today.
Investments & Offshore News
New Omnis funds raise £125m in four-week offer period
Openwork’s new multi-asset model portfolios have attracted inflows of £125m during a four-week offer period which ended this week.
Surveying & Conveyancing News
Total Conveyancing Services joins new apprenticeship scheme
Total Conveyancing Services, has joined forces with nine other firms across the UK to develop a new apprenticeship scheme to help people enter the conveyancing profession.
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Shawbrook Banks Blog
Taking the reins to drive up standards
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The Editor's Blog: Amy Loddington
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