Virgin Money has reduced a number of rates across its residential and buy-to-let mortgage ranges. All products will be available from Thursday 31 July 2014.
Loans & Lending News
P2P lender RateSetter today announced that Alan Hughes will become the company’s first Non-Executive Chairman.
Commercial Finance News
Dragonfly Property Finance, the UK short- and medium-term lender, today announced it has broken through £1bn of lending since its launch in 2009.
The June data from Land Registry's House Price Index shows an annual price increase of 6.4% which takes the average property value in England and Wales to £172,011.
Debt & Insolvency News
Protection specialist British Money warns that lenders who in the future offer credit without providing a suitable mechanism to ensure continuity of payments will not be able to force borrowers to repay their loans.
Smart Money, the specialist lending distributor, is making the services of its compliance department available to introducing brokers needing help to gain their full permissions for second charge advice.
[SPECIAL FEATURE: Gary Duggan, CEO, Paymentshield]
The PRA and FCA have today published two joint consultation papers which outline a new regime for banking accountability, including new rules on clawing back banker bonuses up to seven years after they were awarded or issued.
[SPECIAL FEATURE: Majid Shabir, CEO, Instinct Studios]
Pensions & Equity Release News
Post-Budget uncertainty has triggered a 43.8% annual fall in advised annuity sales, according to the inaugural At Retirement Report by IRESS.
Investments & Offshore News
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 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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