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According to the the latest data released by the Council of Mortgage Lenders today, the number of loans to first time buyers increased in October this year.
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The Royal Bank of Scotland has been fined $100 million by US regulators for violating sanctions against Iran, Sudan, Burma and Cuba.
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The FCA has fined Lloyds TSB Bank plc and Bank of Scotland plc, both part of Lloyds Banking Group, £28,038,844 for serious failings in their controls over sales incentive schemes.
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House prices in the three months to October were 1.6% higher than in the previous quarter (May-July), according to the latest house price data from Halifax.
Mortgage News
Help to Buy prompts third of renters to buy in 2014
One third (32%) of renters in the UK are planning to buy their first home in 2014, a 6% increase compared with 2012, according to Rightmove.
Loans & Lending News
Y3S added to Precise second charge panel
Cardiff-based secured loans packager Y3S is the latest to be listed on Precise’s panel of master brokers.
Commercial Finance News
UTB hires solicitor to enhance bridging team
United Trust Bank has hired banking lawyer William Gould for its Bridging Division. William’s appointment will enable the Bank to further develop its service, in particular with regard to providing complex structured loans.
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
Managing our personal finances is getting harder, according to new research
Managing our personal finances is getting harder and the move towards a cashless society could make this trend even worse, according to new research conducted by ING.
Regulation News
Former Bradford & Bingley director fined £30,000
The FCA has fined Christopher Willford, former finance director of Bradford & Bingley £30,000 for failing to provide the board with up-to-date information about B&B’s financial position ahead of its 2008 rights issue.
Insurance News
Aviva enhances CI cover to increase number of claims paid
Aviva has enhanced its critical illness cover, with a focus on changes which will make the biggest difference to its customers.
Business News
Complete FS to introduce key personnel for expansion
Complete FS, the national intermediary packager, has announced the arrival of Rachael Kearn to join its busy enquiries help desk.
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
Focus on rates holding back progress in joint annuities market
Consumer demand for joint life annuities is climbing, but a lack of education is slowing progress in ensuring retired couples have the most suitable annuity product in retirement, according to the latest research by IRESS.
Investments & Offshore News
Shawbrook launches new 5 year bond at 3.20%
Following the success of previous Shawbrook 5-year fixed rate bonds, a new issue has been launched by the Bank today at a market leading rate of 3.20% Gross/AER.
Surveying & Conveyancing News
Connells combat surveyor shortage with £6m investment plan
Following a period of rapid growth fueled by the recovering property market, increased mortgage lending and new clients, Connells Survey & Valuation has announced an additional £6m annual investment into growing its team of Chartered Surveyors.
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