Openwork is extending the availability of its free guide to mortgage fraud following strong demand from the professional services market and the wider industry.
Loans & Lending News
The Advertising Standards Agency forced payday lender First Financial, trading as First Payday UK, to pull adverts after concerns they were misleading to consumers.
Commercial Finance News
The Association of Bridging Professionals today announced the newly-appointed Lender Committee comprised of existing AOBP Lender Associates.
In the minutes of the Monetary Policy Committee meeting held on 5th & 6th June, it is revealed that while committee members were unaninmous over maintaining the bank rate at 0.5%, they were divided over the asset purchase scheme.
Debt & Insolvency News
Debt held against UK commercial property stood at £197.9bn at the end of 2012, a year-on-year fall of 7.7 per cent, but also revealed continued falls in the value of the worst performing assets.
The FCA has fined sale and rent back arranger Gurpreet Singh Chadda £945,277 and banned him from working in the financial services industry for significant failings when conducting sale and rent back agreements.
Paradigm Mortgage Services, the mortgage services proposition, has reported a significant increase in the amount of general insurance cases it has placed through Select & Protect in the first months of 2013.
The Bank of England has appointed Charlotte Hogg as its Chief Operating Officer. Charlotte is currently Head of Retail Distribution and Intermediaries at Santander UK. She will take up her role at the Bank on 1 July.
Technology solutions provider Mortgage Brain has expanded its range of mobile technology solutions with the launch of ‘iSourceMortgages’, the industry’s first iPad pre-sales mortgage app for brokers.
Equity Release & Pensions News
Bridgewater Equity Release, the home reversion specialists, has today outlined details of its next four Equity Release Advice Masterclass sessions taking place in the second half of 2013.
Investments & Offshore News
Two and three bedroom properties see the greatest increase in average monthly rent
Surveying & Conveyancing News
One in five first time buyers (20%) say that Government schemes like Help to Buy will help them get onto the property ladder.
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