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The Co-operative Group has announced losses of £2.5bn for 2013 - the worst results reported in the group's 150-year history.
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Gross mortgage lending was an estimated £15.4 billion in March, according to the Council of Mortgage Lenders.
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The rate of home repossessions was 44% higher in the North than in the South in 2013, according to detailed research released this morning by e.surv chartered surveyors.
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Former Co-operative Bank chairman Reverend Paul Flowers has been charged with drug offences, it has been reported.
Mortgage News
Mortgage lending up a third year-on-year
Gross mortgage lending was an estimated £15.4 billion in March, according to the Council of Mortgage Lenders.
Loans & Lending News
Nostrum Group enters secured loan processing market
Nostrum is pleased to announce that it has entered into a processing agreement with Clearly Loans, a recent entrant in the secured lending sector.
Commercial Finance News
Shawbrook improves its broker support on sales desk
Shawbrook Bank’s Commercial Mortgages division has appointed Matthew Woods as Junior Sales Executive on its sales desk.
Economy News
'Get Britain Building' plan only yields 715 new homes, says Labour party
The 'Get Britain Building' plan, designed to to kick-start house building, has so far delivered only 715 new homes, according to new figures released by the Labour Party.
Debt & Insolvency News
Repossessions 44% higher in the North - but divide is closing
The rate of home repossessions was 44% higher in the North than in the South in 2013, according to detailed research released this morning by e.surv chartered surveyors.
Regulation News
FCA likely to crack down hard on second charge lending, says lender
The Financial Conduct Authority is likely to crack down hard on second charge lending over the next two years after supervision of the sector moves under its jurisdiction in April this year.
Insurance News
Equitable Life Payment Scheme payouts now exceed £900m
The government’s Equitable Life Payment Scheme (ELPS) has now paid out £901 million.
Business News
Co-op Group sees worst results in its 150-year history with £2.5bn loss
The Co-operative Group has announced losses of £2.5bn for 2013 - the worst results reported in the group's 150-year history.
Technology News
NatWest introduces Saturday opening for broker messaging service
This weekend, NatWest Intermediary Solutions is introducing a new Saturday opening for LiveTALK - its popular broker instant messaging service.
Pensions & Equity Release News
Annuity rates remained flat in Q1
The latest MGM Advantage Annuity Index reveals average annuity rates increased by 0.83% in the first quarter of the year.
Investments & Offshore News
Number of advisers outsourcing investment propositions to increase
According to independent financial researcher Defaqto, the number of advisers using discretionary management services will increase in the coming years, in line with continued growth in investment outsourcing generally.
Surveying & Conveyancing News
Call for surveyors to protect market against another crash
The Chief Surveyor of Sesame Bankhall Valuation Services has said that it is becoming increasingly important for chartered surveyors to protect homebuyers and lenders against the mounting risk of a repeat housing market crash.
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