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The average asking price has reached over quarter of a million for the first time, Rightmove has reported in its House Price Index for June - reaching £252,798 in June.
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.jpg "OFT suspends first consumer credit licence...")
The OFT has today suspended, with immediate effect, the consumer credit licence of Staffordshire-based Donegal Finance Limited.
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Leeds Building Society has today launched two exclusives for the LSL group, available to ARs in networks First Complete and Pink and to DAs using TMA or the Pink mortgage club.
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The Co-operative Bank has reached agreement with the Prudential Regulation Authority to plug a £1.5bn capital hole in its balance sheet.
Mortgage News
Rightmove: Average asking price hits over quarter of a million
The average asking price has reached over quarter of a million for the first time, Rightmove has reported in its House Price Index for June - reaching £252,798 in June.
Loans & Lending News
Secured loans 'more likely' to be agreed than remortgages
Evidence from intermediary secured loan specialist, Smart Money Loans’ demonstrates that the secured loan route offers a greater chance of success for clients looking to raise capital than a remortgage.
Commercial Finance News
Positive Lending & Julian Harris team up for commercial lending
Specialist lending packager and distributor, Positive Lending, has structured a strategic relationship with Julian Harris Network for distribution of commercial loans and development loans.
Economy News
Prisk announces plans for 38,000 new homes
Housing Minister Mark Prisk has today announced 14 major sites have been earmarked for government investment, so they can start building up to 38,000 new homes.
Debt & Insolvency News
Loan books unwind - but property debt increasingly polarised
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.
Regulation News
OFT uses new powers to suspend consumer credit licence for first time
The OFT has today suspended, with immediate effect, the consumer credit licence of Staffordshire-based Donegal Finance Limited - trading as Donegal Finance, Donegal Investigations and Donegal Recovery.
Insurance News
Source Insurance celebrates 20 years with broker book purchase
Source Insurance will shortly be celebrating 20 years in the General Insurance industry and to mark the occasion, this week launched a GI book purchase programme for existing Source agents.
Business News
The Co-Op reveals plan to plug £1.5bn gap in balance sheet
The Co-operative Bank has reached agreement with the Prudential Regulation Authority to plug a £1.5bn capital hole in its balance sheet.
Technology News
Mortgage Brain app hits over 55,000 downloads
UKMortgages, Mortgage Brain’s mobile app, which promotes brokers and mortgage products to consumers, is topping the charts as the most comprehensive and widely used mortgage search application.
Equity Release & Pensions News
1 in 5 retirement savers are unhappy with their savings
Nearly one in five retirement savers are unhappy with their pension savings or fear they have wasted money by saving for retirement, new research by MetLife shows.
Investments & Offshore News
Rental yields decrease as house prices grow faster than rents
Two and three bedroom properties see the greatest increase in average monthly rent
Surveying & Conveyancing News
Blacks Connect and Complete FS announce exclusive partnership
Broker-focused conveyancer Blacks Connect and leading packager Complete Financial Services have joined together in a strategic partnership to give Complete’s broker partners access to Blacks’ high quality legal services.
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