Latest News

22% of intermediaries' BTL business from first-time landlords

22% of intermediaries' BTL business from first-time landlords

The level of business from first-time landlords has remained consistent during the second quarter, intermediaries reported in the Paragon Mortgages confidence tracking survey.

05 Aug 2013

New lender joins the mortgage market

Mortgages

New lender joins the mortgage market

A new mortgage lender, Magellan Homeloans, is piloting a mortgage service aimed at borrowers disenfranchised by traditional high street lenders.

05 Aug 2013

Economy 'on the mend' despite insolvency statistics, says The Debt Advisor

Latest News

Economy 'on the mend' despite insolvency statistics, says The Debt Advisor

Figures published today by the Insolvency Service show that company liquidations in England and Wales in the second quarter of this year were up 10.5% on the previous quarter but down 2.1% on the same quarter in 2012.

02 Aug 2013

Andrew Montlake, Director of Brand, Marketing & Comms at Coreco

In The Spotlight

Andrew Montlake, Director of Brand, Marketing & Comms at Coreco

Financial Reporter had a chat with Andrew Montlake, Director (Brand, Marketing & Communication) at Coreco.

02 Aug 2013

Mortgage lending up 16% at Coventry BS

Mortgages

Mortgage lending up 16% at Coventry BS

Coventry Building Society released their interim financial results today showing that their mortgage lending is up 16% to £2.9 billion.

02 Aug 2013

Halifax launches new 80% products amid changes to range

Mortgages

Halifax launches new 80% products amid changes to range

Halifax Intermediaries today announced a number of changes to their mortgage range, particularly to their Homemover, First Time Buyer and Remortgage products.

02 Aug 2013

The Loans Engine partners with mortgage clubs

The Loans Engine partners with mortgage clubs

Secured loans master broker, The Loans Engine, has partnered with TMA and Pink, part of the LSL Group, to provide secured loans for Directly Authorised brokers utilising either of these Mortgage Clubs.

02 Aug 2013

July house prices see strongest annual growth since 2010

Legal

July house prices see strongest annual growth since 2010

UK house prices increased 0.8% in July, according to the latest Nationwide House Price Index.

02 Aug 2013

HSBC launches new 5-year fixes from 2.59%

Mortgages

HSBC launches new 5-year fixes from 2.59%

HSBC has reduced rates on a number of mortgages and added new products to provide even better value to borrowers looking to remortgage or make their first purchase.

02 Aug 2013

Debt management company hit with insolvency practitioners after winding-up petition

Latest News

Debt management company hit with insolvency practitioners after winding-up petition

Debt management Firm Smooth Financial Consultants have had insolvency practitioners instructed just one week after a winding-up petition against the business was issued.

01 Aug 2013

 

Clydesdale Bank launches new products for broker market

Mortgages

Clydesdale Bank launches new products for broker market

Clydesdale Bank has today announced the launch of two new mortgage offers exclusive to the broker market.

01 Aug 2013

Mayfair launches development product

Mayfair launches development product

Mayfair Bridging has today announced the launch of their first new development product after securing increased funding.

01 Aug 2013

Zurich reports increase in critical illness payouts

Protection

Zurich reports increase in critical illness payouts

Zurich today released its critical illness claim statistics for its life policy customers in the first half of 2013.

01 Aug 2013

Remortgage comparison module added to miLoan

Mortgages

Remortgage comparison module added to miLoan

From today, miloanbroker.com will offer an integrated module to instantly compare the cost of a secured loan with a remortgage and display the savings on one screen.

01 Aug 2013

Retired homeowners step off the property ladder and into renting

Mortgages

Retired homeowners step off the property ladder and into renting

Many retired homeowners in the United Kingdom are stepping off the property ladder to join the 25 per cent of retirees who already rent, according to new research by Prudential.

01 Aug 2013

Quarter of brokers say FLS has failed expectations

Quarter of brokers say FLS has failed expectations

The Funding for Lending Scheme has failed to live up to expectations for over a quarter of mortgage brokers, according to research by the Intermediary Mortgage Lenders Association.

01 Aug 2013

Scottish 95% mortgage scheme hits 500 buyer landmark

Mortgages

Scottish 95% mortgage scheme hits 500 buyer landmark

The MI New Home 95% mortgage scheme has already helped more than 500 Scottish households on their way to achieving their home ownership aspirations - providing a vital economic boost along the way as it averages £10m in new home sales every month.

31 Jul 2013

Bright Grey and Scottish Provident speed up life claims process

Protection

Bright Grey and Scottish Provident speed up life claims process

Bright Grey and Scottish Provident, the protection businesses of the Royal London Group, have introduced a fast-track system to reduce the time it takes to pay out on life cover claims.

31 Jul 2013

Fourteen payday lenders leave market following OFT investigation

Fourteen payday lenders leave market following OFT investigation

Fifty leading payday lenders, accounting for 90 per cent of the market, were each given 12 weeks by the OFT to prove they have addressed areas of non-compliance identified during the payday lending review.

31 Jul 2013

Business Bank beaten by alternative finance

Business Bank beaten by alternative finance

The government’s Business Bank will not be able to keep up with alternative sources of small business finance – and has already been outgunned since its creation.

31 Jul 2013

Newlife granted FCA permission to administer regulated mortgages

Mortgages

Newlife granted FCA permission to administer regulated mortgages

Newlife has been granted full permission by the Financial Conduct Authority to administer regulated mortgages from completion to redemption.

31 Jul 2013

Barclays cuts rates across entire range, including 'Great Escape' remortgages

Mortgages

Barclays cuts rates across entire range, including 'Great Escape' remortgages

Barclays is making further improvements and rate cuts to its residential mortgage range, providing even more money saving opportunities for remortgagers and a new range of highly competitive fee-free options for purchasers.

30 Jul 2013

Virgin teams up with Partnership to make the most of pension savings

Retirement

Virgin teams up with Partnership to make the most of pension savings

New research shows that many people are likely to be disappointed when they retire, as they would need on average to save an additional £66,549 into their pension fund order to provide the income that they expect in retirement.

30 Jul 2013

Leeds launches 2-year fix with 0% initial rate

Mortgages

Leeds launches 2-year fix with 0% initial rate

Leeds Building Society has reduced the rates on its 2, 3 and 5 year fixed rate mortgages by up to 0.37%.

30 Jul 2013

Barclays shares tumble following £12.8bn shortfall news

Savings & Investments

Barclays shares tumble following £12.8bn shortfall news

Following news that Barclays faces a £12.8bn capital shortfall created by new regulatory demand, shares tumbled on Monday night.

30 Jul 2013

OMO Bureau take annuity service nationwide

Retirement

OMO Bureau take annuity service nationwide

Open Market Option Bureau have today announced they have grown a 'substantial' base of licensees ready to take their service nationwide.

30 Jul 2013

Positive Lending & Interbay complete £1.55m loan in 7 days

Positive Lending & Interbay complete £1.55m loan in 7 days

Bournemouth based specialist distributor and packager Positive Lending has completed a high net worth residential investment loan for £1.55m with InterBay, progressing the case from offer to completion in 7 working days.

29 Jul 2013

Consumers misunderstand peer-to-peer lending, shows survey

Consumers misunderstand peer-to-peer lending, shows survey

A new consumer survey conducted by peer-to-peer lender Assetz Capital has revealed that over half (53%) of consumers do not know what peer-to-peer lending is, identifying it as “a loan to a friend or associate”.

29 Jul 2013

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