Latest News

OFT removes licences of three debt management businesses

Latest News

OFT removes licences of three debt management businesses

The OFT has removed the licences of three debt management businesses.

22 Oct 2013

Fifth of interest-only customers face not being able to repay mortgages

Mortgages

Fifth of interest-only customers face not being able to repay mortgages

One in every five homeowners in the UK with an interest only mortgage faces the real threat of not being able to repay their mortgage when the loan matures, according to a report by the UK’s largest financial field agency business.

22 Oct 2013

Association boosts lender panel with Ortus Secured Finance

Association boosts lender panel with Ortus Secured Finance

The Association of Bridging Professionals has today announced its latest Associate Lender addition, Ortus Secured Finance.

22 Oct 2013

Half of under-35s have given up hope of owning a property

Mortgages

Half of under-35s have given up hope of owning a property

A third of wannabe homeowners have given up hope of owning a property - and blown their deposit cash on holidays, cars and other luxuries, it has emerged.

22 Oct 2013

LV= enhances investment-linked annuity proposition

Retirement

LV= enhances investment-linked annuity proposition

LV= has increased the maximum assumed investment return on in its investment linked annuity, Pension Income Plus Annuity, from 4% to 5%.

22 Oct 2013

Promise launches free websites for introducers

Promise launches free websites for introducers

Hard on the heels of giving brokers online loan application forms to host on their websites, loan broker Promise Solutions has extended the service to give introducers standalone secured loan websites.

22 Oct 2013

Auto enrolment contributions won't be adequate, warns the PPI

Retirement

Auto enrolment contributions won't be adequate, warns the PPI

The Pensions Policy Institute is today publishing a report that analyses the effect that contribution rates to workplace pensions could have on overall levels of retirement income.

22 Oct 2013

Housebuilding picks back up across UK

Legal

Housebuilding picks back up across UK

Housebuilding in the UK is continuing to rebound with chartered surveyors across the country reporting growth, says the latest RICS construction market survey.

22 Oct 2013

30,000 mortgages could be at risk of arrears after base rate increase

Mortgages

30,000 mortgages could be at risk of arrears after base rate increase

New data from HML shows that if the Bank of England base rate rises, as is expected within the next few years, tens of thousands of mortgage accounts run the risk of falling into arrears.

21 Oct 2013

The Cambridge launches 95% exclusive

Mortgages

The Cambridge launches 95% exclusive

The two year fixed rate product helps customers by offering a free valuation and low application fee. It will be available to the Society's Cambridge Select group and through Sesame, PMS and Legal & General.

21 Oct 2013

 

53% increase in adviser investment company platform purchases post-RDR

Savings & Investments

53% increase in adviser investment company platform purchases post-RDR

A report commissioned by the Association of Investment Companies shows a 53% increase in adviser and wealth manager investment company platform purchases in the first six months of 2013 in comparison to the same period in 2012.

21 Oct 2013

Average asking price in London bounces back 10.2%

Mortgages

Average asking price in London bounces back 10.2%

New data from Rightmove shows that despite two monthly falls in price of property coming to market, October saw a rebound of 2.8%, with the biggest jump in London, where new average asking prices were up 10.2%.

21 Oct 2013

Rural homes more expensive than urban homes in all regions

Mortgages

Rural homes more expensive than urban homes in all regions

There is a rural premium in all regions with countryside homes typically commanding a significant price premium over urban homes, according to the latest research from Halifax.

21 Oct 2013

Lack of surveyor capacity threatens market recovery

Legal

Lack of surveyor capacity threatens market recovery

Blemain Group is calling on the property industry to come together and solve the problem of rapidly worsening surveyor availability, which is having an impact on the secured loan sector as well as the residential mortgage market.

21 Oct 2013

Forum attendees optimistic for intermediated mortgage sales next year

Mortgages

Forum attendees optimistic for intermediated mortgage sales next year

Mortgage professionals attending the Legal & General Mortgage Club Forum today were in bullish mood on prospects for intermediated mortgage sales next year.

18 Oct 2013

Richard Hurst, Marketing Director of Vizolution

In The Spotlight

Richard Hurst, Marketing Director of Vizolution

Financial Reporter had a chat with Richard Hurst, who recently became Marketing Director of Vizolution.

18 Oct 2013

Increased London property activity sees 12 new buyers per instruction

Mortgages

Increased London property activity sees 12 new buyers per instruction

According to Sequence's National Housing Market Index, London buyer registrations are up by 50% annually as demand for property goes into overdrive – working out at almost 12 new buyers for every new instruction.

18 Oct 2013

Quarterly mortgage lending up a third on last year

Mortgages

Quarterly mortgage lending up a third on last year

Gross mortgage lending held steady in September and was an estimated £16.2 billion, according to the Council of Mortgage Lenders.

18 Oct 2013

Rents overtake all previous records

Mortgages

Rents overtake all previous records

Rents across England and Wales have overtaken all previous records, according to the latest Buy-to-Let Index from LSL Property Services.

18 Oct 2013

Valuations up 55% in September, say Connells

Legal

Valuations up 55% in September, say Connells

The UK housing market experienced another strong month in September, with the volume of residential valuations 55% higher than August, according to chartered surveyors Connells Survey & Valuation.

18 Oct 2013

Will the ‘golden visa’ give the Spanish property market the boost it needs?

Blogs

Will the ‘golden visa’ give the Spanish property market the boost it needs?

The long-awaited law granting a residency visa for non-EU investors buying property in Spain has passed, and as it opens the door to thousands of potential investors, property experts are predicting that it will give the market the boost that it needs.

17 Oct 2013

NatWest introduces standard post-offer withdrawal fee for mortgages

Mortgages

NatWest introduces standard post-offer withdrawal fee for mortgages

NatWest Intermediary Solutions has reviewed its fee structure for mortgage applications that are withdrawn after an offer has been made and is simplifying the charge that applies.

17 Oct 2013

Brokers can be 'confident' about sourcing BTL products as yields remain strong

Mortgages

Brokers can be 'confident' about sourcing BTL products as yields remain strong

According to the latest Landlord Profile Tracking Index from TBMC, the rates for buy to let mortgages have remained low, with demand for variable and fixed rate products evenly split.

17 Oct 2013

Norton turned 40 - and we were invited...

Norton turned 40 - and we were invited...

We were very lucky recently to have been invited to take part in Norton Finance's 40th Birthday celebrations - a fantastic milestone for the company and a wonderful evening for all who attended.

17 Oct 2013

ASTL conferences a 'huge success' but revealed bridging issues

ASTL conferences a 'huge success' but revealed bridging issues

The sold out inaugural ASTL conference which took place last week raised a number of questions for the bridging industry.

17 Oct 2013

Leeds add £200 cashback to fixed rate mortgages

Mortgages

Leeds add £200 cashback to fixed rate mortgages

Leeds Building Society has introduced a £200 cashback incentive on its 2, 3 and 5 year fixed rate ‘Welcome Mortgages’.

17 Oct 2013

Accord launches 2-year trackers from 2.64%

Mortgages

Accord launches 2-year trackers from 2.64%

Accord Buy To Let Mortgages has launched new two year tracker deals with a range of fee options and reduced completion fees on other buy to let mortgages.

17 Oct 2013

The Source announces tie up with SimplyBiz Mortgages

Protection

The Source announces tie up with SimplyBiz Mortgages

Source Insurance has signed an agreement with SimplyBiz Mortgages to join its panel of general insurance providers, further strengthening the SimplyBiz proposition for its members.

17 Oct 2013

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