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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.
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The number of loans advanced to homebuyers in November climbed above 70,000 for the first time since January 2008, according to the latest Mortgage Monitor from e.surv.
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2014 will see lenders in the bridging market start to consolidate and could even see some lenders go to the wall, predicts Fincorp.
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The European Commission has fined eight banks - including RBS - a total of 1.7bn euros (£1.4bn) for forming illegal cartels to rig interest rates.
Mortgage News
Autumn Statement: Osborne promises measures to encourage affordable housing
Amid fears over the supply of housing, George Osborne today announced measures that aim to stimulate housebuilding in the UK.
Loans & Lending News
Government urged to remove borrowing cap so councils can build new homes
Councils are warning that Treasury restrictions on what each council can invest in housing are severely hampering their ability to tackle the ongoing housing and homelessness crisis.
Commercial Finance News
2014 could see some bridging lenders fail, says Fincorp
2014 will see lenders in the bridging market start to consolidate and could even see some lenders go to the wall, predicts Fincorp.
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
Number of new clients with payday loans doubles in two years
To date, one in three (37%) of Debt Advisory Centre’s new clients in 2013 owe money to payday lenders.
Regulation News
Autumn Statement: Crackdown on tax avoidance
In his Autumn Statement today, George Osborne announced new measures regarding tax, including cracking down on tax avoidance and aggressive tax planning.
Insurance News
Genworth appoints new mortgage insurance manager
Genworth, the provider of mortgage insurance products across the globe, has today announced the appointment of Tim Rooney as its new Country Manager for Mortgage Insurance in Germany.
Business News
Autumn Statement: Foreign investors to pay CGT from April 2015
Delivering the Autumn Statement today, Chancellor George Osborne said foreign investors who are not residents of the UK will have to pay capital gains tax on future gains on UK residential properties from April 2015.
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
Autumn Statement: State pension age to be raised to 69
During the Autumn Statement today, George Osborne today announced that an increase in the state pension age to 68 in the mid 2030s and to 69 in the late 2040s would be 'fair', citing increased life expectancy.
Investments & Offshore News
Crowdfunding platform breaks record with £2m investment in one week
Seedrs has secured more than £2m of investment via its own platform, setting a new world record for the most equity raised via an equity crowdfunding site.
Surveying & Conveyancing News
Birchall Blackburn join Broker Conveyancing panel
Broker Conveyancing, the broker-focused conveyancing distributor, has today added Birchall Blackburn Law to its solicitor firm panel.
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Matt Edward's Blog
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"[Guest blog from Matt Edwards MD of e-finity Leads]..."
Rob Barnard's Blog
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The Editor's Blog: Amy Loddington
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recent blog posts
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