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Pension changes could leave millions poorer, warns TUC

Retirement

Pension changes could leave millions poorer, warns TUC

The vast majority of people currently entitled to the state second pension will get less when they retire as a result of the scheme being replaced by the new single tier pension, TUC research published today warns.

21 Aug 2013

Retirees hope to make £62k by downsizing

Retirement

Retirees hope to make £62k by downsizing

Nearly three quarters of the UK's 10.4 million pensioners own their own home, although more than a quarter expect to sell their property to raise money or simply to make their life easier, according to research from Prudential.

21 Aug 2013

Halifax makes cuts of up to 0.45% on 2-year products

Mortgages

Halifax makes cuts of up to 0.45% on 2-year products

Halifax has reduced rates on selected 2 year products across its mortgage and remortgage range by up to 0.45%.

21 Aug 2013

Virgin Money launches new intermediary-only fixed rate

Mortgages

Virgin Money launches new intermediary-only fixed rate

Virgin Money has announced a number of changes to its mortgage range. The updated range will be available to purchase and remortgage customers from 21 August 2013.

20 Aug 2013

Smith Greenfield appointed to Pink GI panel

Protection

Smith Greenfield appointed to Pink GI panel

Smith Greenfield has been appointed as the specialist provider of higher value home and contents insurance to the General Insurance panel of leading mortgage and insurance network, Pink.

20 Aug 2013

Metro Bank widens BTL mortgage range for professional investors

Mortgages

Metro Bank widens BTL mortgage range for professional investors

Metro Bank has today launched two new residential Buy to Let products for professional property investors.

20 Aug 2013

Discounts on asking prices fall sharply

Mortgages

Discounts on asking prices fall sharply

Research by Zoopla reveals that the number of properties available for sale that have been discounted and the amount of the discount offered from the original asking price have both fallen sharply over the past twelve months.

20 Aug 2013

Gross mortgage lending 29% higher than last year

Mortgages

Gross mortgage lending 29% higher than last year

The Council of Mortgage Lenders estimates that total gross mortgage lending in July increased to £16.6 billion, representing a rise of 12% from £14.8 billion in June and 29% higher than the total of £12.9 billion in July last year.

20 Aug 2013

Range of mortgage products widest in five years

Mortgages

Range of mortgage products widest in five years

Consumers’ choice of mortgages reached record levels in July 2013 with more products on offer than at any time since the housing market crash, according to the National Mortgage Index from Mortgage Advice Bureau.

20 Aug 2013

Secured lending hits another milestone in July

Secured lending hits another milestone in July

The Secured Loan Index has reported yet another milestone in secured lending in July, with the £45m barrier being broken for the first time in nearly four years, after nine of the twelve lenders reported month on month increases.

20 Aug 2013

 

Skipton's 3.50% 7-Year Bond goes online

Savings & Investments

Skipton's 3.50% 7-Year Bond goes online

The UK'S fourth largest building society will tomorrow boost the value it offers savers, by launching an online version of its 7-year fixed rate savings bond.

19 Aug 2013

More opportunity for advisers as consumers shop around for good deals

Mortgages

More opportunity for advisers as consumers shop around for good deals

Almost half of UK consumers class themselves as ‘savers', taking a keen interest in savings and investments, a study has revealed.

19 Aug 2013

Chelsea cuts rates across 75% LTV mortgage range

Mortgages

Chelsea cuts rates across 75% LTV mortgage range

Chelsea Building Society has today introduced a new best buy rate of 1.99% for a 75% LTV (loan to value) two year fixed rate mortgage.

19 Aug 2013

New from Santander offer '10-day special' loan rates

New from Santander offer '10-day special' loan rates

Santander is to cut 0.80% off its APR for personal loans between £15,001 and £20,000 to offer 6.8% APR for new and existing customers.

19 Aug 2013

Brown Advisory to support U.S. Expats

Savings & Investments

Brown Advisory to support U.S. Expats

Brown Advisory expands Investment Management Service to support U.S. Expats in U.K.

19 Aug 2013

Capital Bridging Finance posts first half figures

Capital Bridging Finance posts first half figures

Capital Bridging Finance the City based short term provider of funding solutions for the bridging sector has posted it's first half performance figures.

19 Aug 2013

Brokers turn to specialist commercial lenders

Brokers turn to specialist commercial lenders

Brokers turn to specialist commercial lenders to help them grow and plug gap left by high street providers

19 Aug 2013

Clydesdale and Yorkshire launch Low Start mortgages

Mortgages

Clydesdale and Yorkshire launch Low Start mortgages

Clydesdale and Yorkshire Banks today launched Low Start Mortgages through their retail network.

19 Aug 2013

Nationwide Building Society downgraded

Mortgages

Nationwide Building Society downgraded

Standard & Poor's have lowered Nationwide Building Society's long-term counterparty credit rating from ‘A+' to 'A'.

19 Aug 2013

Mortgages at their most affordable for 14 years

Mortgages

Mortgages at their most affordable for 14 years

The Halifax Affordability Review tracks mortgage affordability for all homebuyers in nearly 400 local authority districts (including 32 London boroughs) across the UK.

17 Aug 2013

Clive Wilson, Sales Director at Magellan Homeloans

In The Spotlight

Clive Wilson, Sales Director at Magellan Homeloans

Financial Reporter had a chat with Clive Wilson, Sales Director at the newly-launched Magellan Homeloans.

16 Aug 2013

Coventry BS launches flexible product range

Mortgages

Coventry BS launches flexible product range

Coventry Building Society launches highly competitive range; including a first time buyer rate of 4.19% available at 90% LTV and flexible products with rates from 2.65%

16 Aug 2013

Investec launches 5-year fixes on professional mortgages range

Mortgages

Investec launches 5-year fixes on professional mortgages range

Investec, the specialist bank and asset manager, has cuts rates on its Professional Mortgages range by up to 0.40%.

16 Aug 2013

Halifax makes reductions of up to 0.25%

Mortgages

Halifax makes reductions of up to 0.25%

Halifax Intermediaries have announced a set of product changes, effective today, to their homemover, first time buyer and remortgage products.

16 Aug 2013

Precise launches 3-year fix at 2-year rates

Mortgages

Precise launches 3-year fix at 2-year rates

Precise Mortgages, the intermediary lender, has launched a set of exclusive products available through a select group of packagers.

16 Aug 2013

Rents rise more slowly than inflation with a £1 increase since May

Rents rise more slowly than inflation with a £1 increase since May

Rents have risen more slowly than inflation over the last twelve months, according to the latest Buy-to-Let Index from LSL Property Services.

16 Aug 2013

BM Solutions cuts fixed rates & trackers by 0.2%

Mortgages

BM Solutions cuts fixed rates & trackers by 0.2%

BM Solutions is cutting its two-year fixed and tracker buy-to-let rates (up to 75% LT)V by 0.2%, as of tomorrow.

15 Aug 2013

'Pension liberation' schemes a scam, warns Carpenter Box

Retirement

'Pension liberation' schemes a scam, warns Carpenter Box

There has been increasing comment in the media recently about the emergence of ‘pension liberation’ schemes, which are no more than ‘pension scams’ warns Simon Fox, Managing Partner of Carpenter Box Wealth Management LLP.

15 Aug 2013

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