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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.
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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.
Mortgage News
Homeowners concerned about securing finance post-MMR
UK homeowners remain very confident that property values will continue to rise over the second half of this year, but are concerned about mortgage availability as a result of new lending criteria following the Mortgage Market Review.
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
Personal insolvencies back to post-recession levels
Figures from the Insolvency Service show that personal insolvencies in England and Wales increased in the second quarter to 27,029, their highest rate since the third quarter of 2012 and 5.1% higher than the same period 12 months ago.
Regulation News
British Money offers new risk reporting tool
Payment protection specialist British Money is helping lenders fulfil their risk and governance controls through the provision of a bespoke risk reporting tool known as the Conduct Risk Dashboard.
Insurance News
Brokers can help first time buyers protect their investment
[SPECIAL FEATURE: Gary Duggan, CEO, Paymentshield]
.jpg "Leeds BS adds new member to intermediary team")
Business News
Leeds BS adds new member to intermediary team
Leeds Building Society is delighted to announce that Mark Collar has joined its intermediary team as Corporate Account Manager.
Technology News
Bridgebank Capital enhances user experience with new website
As part of the continued development of the Bridgebank Capital business, the company has launched a fully re-designed website with increased functionality, to support user experience.
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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