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The UK, excluding London, has seen buyer registrations rise 21% annually, while new property instructions are up by just 2%, according to the latest National Sales Index from Sequence.
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Leeds Building Society has announced a wider range of two year fixed rate products for buyers looking for short term deal.
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Skipton Building Society today announced the sale of Homeloan Management Limited, its mortgage servicing subsidiary, in a deal worth £47.5m.
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Skipton Building Society will today reduce rates on selected 2, 3 and 5 year residential and buy to let fixed rate mortgages.
Mortgage News
FTB transactions in H1 highest in seven years
The first half of 2014 saw 30,000 more first-time buyers get on the housing ladder than in H1 2013, according to the latest First Time Buyer Opinion Barometer from Your Move and Reeds Rains, part of LSL Property Services.
Loans & Lending News
P2P lending doubles in six months
New figures released today by the P2PFA show that peer-to-peer lenders lent over £500million of new money in the first half of 2014 alone, demonstrating a further acceleration in the growth rate of this important new sector.
Commercial Finance News
Paragon reports 94% increase in BTL lending
Paragon Mortgages’ parent company, The Paragon Group of Companies, has today announced results for the period 1 April 2014 to 30 June 2014.
Economy News
GDP passes pre-recession peak with 0.8%
UK GDP grew at 0.8% in the second quarter of 2014, taking the economy past its pre-crisis levels, according to the latest GDP data from the ONS.
Debt & Insolvency News
Payday loan complaints double in the last two years
The Financial Ombudsman Service has today urged people struggling with payday loans, or other debt worries, to confront the 'shame factor' and seek help.
Regulation News
Final notice from FCA on £450,000 fine for senior banker
The Financial Conduct Authority has today published a Final Notice for former JPMorgan banker Ian Hannam stating that it has fined him £450,000.
Insurance News
Zurich increases financial underwriting limits for life and CI insurance
Insurer Zurich has increased its financial evidence limits for customers applying for life and critical illness insurance, so that getting cover is quicker and easier for both advisers and their customers.
Business News
Evolution Money expands BDM team
Manchester based lender Evolution Money has expanded its Business Development team, it announced today.
Technology News
Bridgebank Capital enhances user experience with new website
As part of the continued development of the Bridgebank Capital business, the company has launched a fully re-designed website with increased functionality, to support user experience.
Pensions & Equity Release News
Delaying annuity until new rules is a gamble, says MGM Advantage
MGM Advantage, the retirement income specialist, has crunched the numbers to see whether it could pay to delay your annuity purchase.
Investments & Offshore News
Price growth lag for London new builds puts investors at risk
New research conducted by LCP, Specialist Fund and Asset Managers, on the new build market in London has revealed that there have been £1.2bn worth of sales already this year.
Surveying & Conveyancing News
Goldsmith Williams no longer accepting instructions directly from brokers
Goldsmith Williams has announced that it is to focus on lender-introduced business and will no longer be accepting instructions directly from brokers and introducers.
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