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Leeds Building Society has announced a wider range of two year fixed rate products for buyers looking for short term deal.
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Skipton Building Society today announced the sale of Homeloan Management Limited, its mortgage servicing subsidiary, in a deal worth £47.5m.
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Skipton Building Society will today reduce rates on selected 2, 3 and 5 year residential and buy to let fixed rate mortgages.
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Legal & General’s latest Mortgage Mood survey has revealed that 68% of homeowners fear a mortgage rate rise in the next 12 months.
Mortgage News
Leeds widens range of short term fixed rates
Leeds Building Society has announced a wider range of two year fixed rate products for buyers looking for short term deal.
Loans & Lending News
Record-breaking P2P loan from LendInvest repaid
LendInvest has today confirmed that its world record breaking peer-to-peer loan has now been repaid.
Commercial Finance News
Paragon reports 94% increase in BTL lending
Paragon Mortgages’ parent company, The Paragon Group of Companies, has today announced results for the period 1 April 2014 to 30 June 2014.
Economy News
Global banks 'could face fines of up to £250bn by 2020'
The multi-million pound fines levied to date against global banks for breaking anti-money laundering rules and sanctions violations are the tip of the iceberg, according to data-as-a-service provider, Anomaly42.
Debt & Insolvency News
Payday loan complaints double in the last two years
The Financial Ombudsman Service has today urged people struggling with payday loans, or other debt worries, to confront the 'shame factor' and seek help.
Regulation News
Final notice from FCA on £450,000 fine for senior banker
The Financial Conduct Authority has today published a Final Notice for former JPMorgan banker Ian Hannam stating that it has fined him £450,000.
Insurance News
Zurich increases financial underwriting limits for life and CI insurance
Insurer Zurich has increased its financial evidence limits for customers applying for life and critical illness insurance, so that getting cover is quicker and easier for both advisers and their customers.
Business News
FOS appoints new chief
The board of the Financial Ombudsman Service today announced that it has appointed Caroline Wayman as chief ombudsman and chief executive – to succeed Natalie Ceeney who stepped down in November 2013 after four years in the post.
Technology News
New sourcing system launches
A new, cloud-based sourcing system has launched, from APAC Systems, combining criteria and application questions from 128 lenders to create a generic application form designed to save time for brokers.
Pensions & Equity Release News
LV= moves to fully electronic annuity process
Retirement specialist LV= is the first provider to move to a fully electronic annuity application process with technology provider, TOMAS.
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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