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House prices are £11,219 higher than a year ago, meaning they have risen at the fastest rate for three years, according to LSL/Acadametrics.
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According to the the latest data released by the Council of Mortgage Lenders today, the number of loans to first time buyers increased in October this year.
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The Royal Bank of Scotland has been fined $100 million by US regulators for violating sanctions against Iran, Sudan, Burma and Cuba.
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The FCA has fined Lloyds TSB Bank plc and Bank of Scotland plc, both part of Lloyds Banking Group, £28,038,844 for serious failings in their controls over sales incentive schemes.
Mortgage News
UK rents drop towards end of the the year
Despite being 3.9% higher than last year, the average cost of renting a home in the UK is at its lowest amount since May 2013, according to new research.
Loans & Lending News
Y3S added to Precise second charge panel
Cardiff-based secured loans packager Y3S is the latest to be listed on Precise’s panel of master brokers.
Commercial Finance News
Bridging lending to rise a third in 2014 - and rates are set to drop
Gross bridging lending in the UK is expected to surpass £2.7 billion over the course of 2014, according to a survey of over 250 financial intermediaries.
Economy News
Autumn Statement: Growth up significantly, says OBR
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, according to new research
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.
Regulation News
Former Bradford & Bingley director fined £30,000
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.
Insurance News
Financial services firm fined by FCA for insurance mis-selling
Porta Verde Financial Services Limited has been fined £25,000 by the FCA after two of its ARs mis-sold insurance, often to elderly and vulnerable customers, between October 2010 and June 2012.
Business News
Complete FS to introduce key personnel for expansion
Complete FS, the national intermediary packager, has announced the arrival of Rachael Kearn to join its busy enquiries help desk.
Technology News
Vizolution launches web chat for advisers
Vizolution has launched vChat, a new web chat capability for advisers or agents speaking to clients remotely.
Pensions & Equity Release News
Scottish Widows launches specialist auto enrolment team
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
Shawbrook launches new 5 year bond at 3.20%
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
SBVS launches online private surveys solution for advisers
Sesame Bankhall Valuation Services has launched a new online system enabling advisers to instruct private surveys more easily.
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Welcome to Financial Reporter the home of business financial news for financial professionals across the United Kingdom.
Matt Edward's Blog
Less greed and more honesty will make lead generation work
"[Guest blog from Matt Edwards MD of e-finity Leads]..."
Rob Barnard's Blog
A festive look forward to 2014
"Christmas is just around the corner, and I’ve swapped my crystal ball for a more festive snow globe, in order to predict what 2014 holds for the mortgage market...."
Ian Smart's Blog
Protect that essential spending
"What is essential expenditure? For most people it’s their car, their mobile phone or their Sky TV subscription...."
The Editor's Blog: Amy Loddington
EXCLUSIVE - FSE London 2013: Ian Andrew, Nationwide Intermediary Sales
"A new exclusive video from the inaugural Financial Services Expo, held at Old Billingsgate in London last month - Financial Reporter had a catch up with Ian Andrew, Nationwide Intermediary Sales...."
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