One third (32%) of renters in the UK are planning to buy their first home in 2014, a 6% increase compared with 2012, according to Rightmove.
Loans & Lending News
Cardiff-based secured loans packager Y3S is the latest to be listed on Precise’s panel of master brokers.
Commercial Finance News
United Trust Bank has hired banking lawyer William Gould for its Bridging Division. William’s appointment will enable the Bank to further develop its service, in particular with regard to providing complex structured loans.
George Osbourne announced during the Autumn Statement today the revised figures from the Office of Budget Responsibility, who have upgraded their growth projection for the UK economy to 1.4% from the 0.6% predicted in the March budget.
Debt & Insolvency News
Managing our personal finances is getting harder and the move towards a cashless society could make this trend even worse, according to new research conducted by ING.
The FCA has fined Christopher Willford, former finance director of Bradford & Bingley £30,000 for failing to provide the board with up-to-date information about B&B’s financial position ahead of its 2008 rights issue.
Aviva has enhanced its critical illness cover, with a focus on changes which will make the biggest difference to its customers.
Complete FS, the national intermediary packager, has announced the arrival of Rachael Kearn to join its busy enquiries help desk.
Vizolution has launched vChat, a new web chat capability for advisers or agents speaking to clients remotely.
Pensions & Equity Release News
Scottish Widows has created a new specialist auto enrolment team to work with advisers and employers from the beginning of 2014, as the insurance industry gears up for the largest scale change to workplace pensions in a generation.
Investments & Offshore News
Following the success of previous Shawbrook 5-year fixed rate bonds, a new issue has been launched by the Bank today at a market leading rate of 3.20% Gross/AER.
Surveying & Conveyancing News
Following a period of rapid growth fueled by the recovering property market, increased mortgage lending and new clients, Connells Survey & Valuation has announced an additional £6m annual investment into growing its team of Chartered Surveyors.
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