The Mortgage Works is introducing its lowest ever fixed rate at 2.49 per cent, with effect from Friday, June 21. The two year product is available to first time and experienced landlords.
Loans & Lending News
The Advertising Standards Agency forced payday lender First Financial, trading as First Payday UK, to pull adverts after concerns they were misleading to consumers.
Commercial Finance News
Fincorp is the first bridging lender to be listed on the Avelo Trigold Prospector platform after signing a deal that could see bridging start to become much more mainstream.
Delivering his annual Mansion House speech to the banking community last night, the Chancellor of the Exchequer, George Osborne outlined the government's plan for the partly-state owned banks, RBS and Lloyds.
Debt & Insolvency News
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.
The FCA has fined sale and rent back arranger Gurpreet Singh Chadda £945,277 and banned him from working in the financial services industry for significant failings when conducting sale and rent back agreements.
Paradigm Mortgage Services, the mortgage services proposition, has reported a significant increase in the amount of general insurance cases it has placed through Select & Protect in the first months of 2013.
Phoenix Equity Partners, a UK middle-market private equity firm, today announced its acquisition of a majority stake in Key Retirement Solutions Ltd for £35m, including £2m of cash held on balance sheet, from Cabot Square Capital.
Technology solutions provider Mortgage Brain has expanded its range of mobile technology solutions with the launch of ‘iSourceMortgages’, the industry’s first iPad pre-sales mortgage app for brokers.
Equity Release & Pensions News
Bridgewater Equity Release, the home reversion specialists, has today outlined details of its next four Equity Release Advice Masterclass sessions taking place in the second half of 2013.
Investments & Offshore News
Two and three bedroom properties see the greatest increase in average monthly rent
Surveying & Conveyancing News
The Furness Building Society has reappointed Gateway as its panel manager and primary valuation supplier.
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