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The Post Office has today launched a major assault on the mortgage market with its intention to lend £2.5bn by the end of the year.
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The FCA has fined sale and rent back arranger Gurpreet Singh Chadda £945,277 and banned him from working in the financial services industry..
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The PCBS released a report today stating that bankers should be punished for 'reckless misconduct' - and suggested a new criminal offence should be introduced.
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This week Business Lending Group, the residential development finance lender, announced the widening of their geographic lending focus.
Mortgage News
Post Office intends to lend £2.5bn as mortgage demand grows
The Post Office has today launched a major assault on the mortgage market with its intention to lend £2.5bn by the end of the year.
Loans & Lending News
Advertising Standards Agency cracks down on payday lender
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
AOBP forms new lender committee
The Association of Bridging Professionals today announced the newly-appointed Lender Committee comprised of existing AOBP Lender Associates.
Economy News
MPC unanimous on bank rate - but once again split over QE
In the minutes of the Monetary Policy Committee meeting held on 5th & 6th June, it is revealed that while committee members were unaninmous over maintaining the bank rate at 0.5%, they were divided over the asset purchase scheme.
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 issues fine of almost £1m to sole trader who misled customers
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.
Insurance News
Paradigm reports hike in insurance sales in early 2013
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.
Business News
Key Retirement Solutions sold in £35m deal with private equity firm
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 News
Mortgage Brain launches iPad sourcing app for brokers
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 lines up four equity release masterclasses
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
Rental yields decrease as house prices grow faster than rents
Two and three bedroom properties see the greatest increase in average monthly rent
Surveying & Conveyancing News
Homebuyer surveys 'slower than ever', says Springtide Capital
London based mortgage broker, Springtide Capital has recently noted a significant delay in the length of time required to book homebuyer surveys.
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