Housing market activity appears to be moderating, according to the latest figures from the BBA.
Loans & Lending News
Secured loans specialists, The Loans Engine, is continuing its drive to boost consumer end results by partnering with a mortgage club when the Financial Services Expo returns to London this month.
Commercial Finance News
Shawbrook Bank has revealed its Service Level Agreement statistics for August, showing that despite the holiday slowdown almost all loans were processed within 72 hours.
Rents have eased slowly up to reach an all-time record high as the rental market approaches its autumn peak, according to the latest Buy-to-Let Index from Your Move and Reeds Rains.
Debt & Insolvency News
The FCA says debt management firms must demonstrate they provide appropriate advice, do not charge unfair fees, and have adequate processes for handling client money when assessments for consumer credit authorisation start next month.
The FCA has confirmed that Barclays Bank has today been fined £37,745,000 for failing to properly protect clients’ custody assets worth £16.5 billion.
GI provider Select & Protect will be showcasing their new home insurance product at this week’s Financial Services Expo in Old Billingsgate, London.
Barclays is expected to be fined a record £38m by the FCA today, it has been reported by Sky News.
80% of brokers say that being able to send information to lenders using their smartphones would improve the mortgage or loan process.
Pensions & Equity Release News
Income drawdown advisers Portal Financial warn that the situation facing women in retirement is alarming despite auto-enrolment.
Investments & Offshore News
Skipton Building Society has increases rates on its Two Year Fixed Rate ISA to 2.00% while the rate has increased on two, three and five year Fixed Rate Bonds, now paying 2.00%, 2.30% and 3.00%, respectively.
Surveying & Conveyancing News
Conveyancing portal SortRefer is using the Financial Services Expo on the 24th/25th September to showcase its online portal which gives brokers access to a panel of the best conveyancing professionals in the UK.
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