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The CML has revised its lending forecasts for this year after housing transactions were higher than expected towards the end of 2013 and beginning of this year.
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Mortgage approvals grew month-on-month in June for the first time since January, according to the Bank of England.
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Lloyds Banking Group has been fined £105m by the FCA for trying to manipulate Libor and other benchmark failings, it has been announced.
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The UK, excluding London, has seen buyer registrations rise 21% annually, while new property instructions are up by just 2%, according to the latest National Sales Index from Sequence.
Mortgage News
Virgin Money cuts rates by up to 0.40%
Virgin Money has reduced a number of rates across its residential and buy-to-let mortgage ranges. All products will be available from Thursday 31 July 2014.
Loans & Lending News
RateSetter appoints first non-exec chairman
P2P lender RateSetter today announced that Alan Hughes will become the company’s first Non-Executive Chairman.
Commercial Finance News
Dragonfly passes £1bn lending since launch
Dragonfly Property Finance, the UK short- and medium-term lender, today announced it has broken through £1bn of lending since its launch in 2009.
Economy News
House prices up 6.4% boosted by London's double-digit growth
The June data from Land Registry's House Price Index shows an annual price increase of 6.4% which takes the average property value in England and Wales to £172,011.
Debt & Insolvency News
Lenders rather than borrowers to pick up tab on defaulted loans?
Protection specialist British Money warns that lenders who in the future offer credit without providing a suitable mechanism to ensure continuity of payments will not be able to force borrowers to repay their loans.
Regulation News
Smart Money offers compliance consultancy to introducers
Smart Money, the specialist lending distributor, is making the services of its compliance department available to introducing brokers needing help to gain their full permissions for second charge advice.
Insurance News
Brokers can help first time buyers protect their investment
[SPECIAL FEATURE: Gary Duggan, CEO, Paymentshield]
Business News
7-year window for clawing back banker bonuses introduced
The PRA and FCA have today published two joint consultation papers which outline a new regime for banking accountability, including new rules on clawing back banker bonuses up to seven years after they were awarded or issued.
Technology News
Why we should build a design-led financial world
[SPECIAL FEATURE: Majid Shabir, CEO, Instinct Studios]
Pensions & Equity Release News
Post-Budget uncertainty triggers 43% annuity sales drop
Post-Budget uncertainty has triggered a 43.8% annual fall in advised annuity sales, according to the inaugural At Retirement Report by IRESS.
Investments & Offshore News
Price growth lag for London new builds puts investors at risk
New research conducted by LCP, Specialist Fund and Asset Managers, on the new build market in London has revealed that there have been £1.2bn worth of sales already this year.
Surveying & Conveyancing News
Goldsmith Williams no longer accepting instructions directly from brokers
Goldsmith Williams has announced that it is to focus on lender-introduced business and will no longer be accepting instructions directly from brokers and introducers.
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