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Flexibility and fees are key factors in choosing development finance lenders

Flexibility and fees are key factors in choosing development finance lenders

New research carried out by United Trust Bank has found that ‘flexibility’ (25%) and ‘lender fees and charges’ (25%) are the attributes most brokers consider most important when sourcing development finance.

10 Dec 2012

The Cambridge cuts BTL rates by up to 0.80%

Mortgages

The Cambridge cuts BTL rates by up to 0.80%

The Cambridge Building Society has re-launched its Buy to Let mortgage range, reducing rates by up to 0.80% and cutting fees.

10 Dec 2012

Equity release could diffuse interest-only time bomb

Retirement

Equity release could diffuse interest-only time bomb

Bridgewater Equity Release have called on equity release advisers and their introducers to consider equity release as a possible solution for those close to retirement interest-only mortgage borrowers who have no specific repayment vehicle in place.

10 Dec 2012

Buy-to-let causes valuations rise in November

Legal

Buy-to-let causes valuations rise in November

Valuations activity in November saw an annual rise after a strong performance from the buy-to-let sector, according to the latest Housing Market Activity Report by Connells Survey & Valuation.

10 Dec 2012

Brightstar strengthens Commercial and Bridging Division

Brightstar strengthens Commercial and Bridging Division

Brightstar Financial, the intermediary hub for specialist lending, has appointed commercial mortgage specialist, Robert Collins, to its growing commercial and bridging division.

10 Dec 2012

Enterprise Finance completes £20m in November

Enterprise Finance completes £20m in November

The rude health of the bridging finance sector was confirmed yet again today, with the announcement by specialist loans distributor, Enterprise Finance, that last month it completed its highest ever amount of short-term loans by value.

10 Dec 2012

Adam Oldfield, Sales Director at Vertex Financial Services

In The Spotlight

Adam Oldfield, Sales Director at Vertex Financial Services

Financial Reporter had a chat with Adam Oldfield, Sales Director at Vertex Financial Services.

07 Dec 2012

Leeds launches 3-year fix up at 3.69%

Mortgages

Leeds launches 3-year fix up at 3.69%

Leeds Building Society has unveiled a market leading 3 year fixed rate mortgage at 3.69% available up to 85% LTV.

07 Dec 2012

Accord cuts rates on 90% LTV by 0.15%

Mortgages

Accord cuts rates on 90% LTV by 0.15%

Borrowers and brokers have been given some early Christmas cheer thanks to a new set of low-fee products and rate reductions at 90% LTV by Accord Mortgages.

07 Dec 2012

80% of SVR borrowers could save money by remortgaging

Mortgages

80% of SVR borrowers could save money by remortgaging

HSBC estimates that 4.4 million mortgage borrowers, representing 39% of the total mortgage market, are now on their respective lenders' Standard Variable Rate. The average of UK lenders SVRs is currently 4.86%.

07 Dec 2012

 

Virgin slashes rates for buyers with smaller deposits

Mortgages

Virgin slashes rates for buyers with smaller deposits

Virgin Money have given first time buyers a boost with reductions to their interest rates on a number of mortgages across their range.

07 Dec 2012

Ethical investment takes root

Savings & Investments

Ethical investment takes root

An increasing number of people want to know more about how our money is used by financial institutions and would be interested in investing ethically if they knew more about it, according to Emerald Knight, the ethical investment specialist.

06 Dec 2012

Leeds use FLS to increase new lending

Leeds use FLS to increase new lending

The first published numbers for the Funding for Lending Scheme released this week by the Bank of England showed that net lending was only £498m, despite a total drawdown of over £4.3bn.

06 Dec 2012

rebuildingsociety.com launches 1% introducer fee incentive

Savings & Investments

rebuildingsociety.com launches 1% introducer fee incentive

Investment advisers can now earn a one per cent introducer fee when they refer clients who lend a minimum of £2k to businesses listed on rebuildingsociety.com, the peer-to-business lending platform.

06 Dec 2012

Mayfair granted permission to operate UCIS

Mayfair granted permission to operate UCIS

Mayfair Bridging have been granted permission to become the authorised operater of a Unregulated Collective Investment Scheme.

06 Dec 2012

House prices see 1% rise in November

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House prices see 1% rise in November

Data released by Halifax today shows that house prices in Novermber were 1.0% higher than those in October, with five monthly rises and six falls in the first 11 months of 2012.

06 Dec 2012

Bridging up 51% as owner occupiers turn away from mainstream banks

Bridging up 51% as owner occupiers turn away from mainstream banks

Tough rules on lending are already hitting millions trying to get a mortgage and many borrowers are turning to the bridging industry for help, according to short-term secured lender West One Loans.

06 Dec 2012

More retirement options now available from Sharia-compliant scheme

Retirement

More retirement options now available from Sharia-compliant scheme

IFAs advising clients on retirement planning and schemes suitable for UK pension auto-enrolment legislation can now also offer a Sharia compliant investment service, called the Discretionary Portfolio Service.

05 Dec 2012

Autumn Statement: tax relief for pensions cut to £40k

Retirement

Autumn Statement: tax relief for pensions cut to £40k

The Government today announced in the Autumn Statement that the pension annual allowance will be reduced from £50,000 a year to £40,000, with effect from 6 April 2014.

05 Dec 2012

Loans Warehouse completes high net worth loan

Loans Warehouse completes high net worth loan

Secured loan master broker Loans Warehouse has completed its first loan on Shawbrook Bank’s new Larger Loan plan by arranging a secured loan for £190,500 to be used to renovate a property.

05 Dec 2012

Scottish Provident offer double benefits ahead of 'G-Day'

Protection

Scottish Provident offer double benefits ahead of 'G-Day'

Ahead of the implementation of gender neutral premium pricing, Scottish Provident has announced it is offering customers a window for last minute applications.

05 Dec 2012

Increase in consumer finance lending, says FLA

Increase in consumer finance lending, says FLA

Figures released today by the Finance & Leasing Association - the trade body for the consumer credit industry - confirmed an increase in lending by FLA members in October 2012.

05 Dec 2012

Nationwide become first UK lender to enhance mte capabilities

Mortgages

Nationwide become first UK lender to enhance mte capabilities

Nationwide has become the first UK lender to adopt the Mortgage Trading Exchange’s enhanced mortgage application functions and capabilities.

04 Dec 2012

All I want for Christmas...

Rob Barnard - Aldermore

All I want for Christmas...

It’s that time of year again when those of us who are still true believers pen a letter to Santa with requests for treats to make the coming year that much more enjoyable.

04 Dec 2012

Price difference in homes doubles with each bedroom, says Barclays

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Price difference in homes doubles with each bedroom, says Barclays

British homeowners looking to upsize their homes can expect the difference in property values to double as they move up the ladder, according to new research from Barclays.

04 Dec 2012

Mortgage fraud set to surge in 2013

Mortgages

Mortgage fraud set to surge in 2013

Experian today predicted that there will be a dramatic increase in attempted mortgage fraud in the UK next year, bringing the number to the highest level since records began in 2009.

04 Dec 2012

Enhanced rates fall as conventional annuity rates stabilise

Retirement

Enhanced rates fall as conventional annuity rates stabilise

The latest findings from the MGM Advantage Annuity Index, which tracks the income paid on enhanced and conventional annuities, reveals average conventional rates have improved over the past two months while enhanced rates have fallen.

03 Dec 2012

TBMC & Skipton launch BTL mortgage from 3.99%

Mortgages

TBMC & Skipton launch BTL mortgage from 3.99%

TBMC is now offering two new 3 year fixed rate buy-to-let mortgages with Skipton Building Society; a 3.99% fixed rate up to 65% LTV and a 4.39% fixed rate up to 75% LTV.

03 Dec 2012

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