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Budget changes to pensions could 'erode faith in the system', says NFU Mutual

Retirement

Budget changes to pensions could 'erode faith in the system', says NFU Mutual

The Chancellor should steer clear of changes to pensions and National Insurance in this month's Budget, according to rural insurer and pensions and investment specialist, NFU Mutual.

13 Mar 2013

Winterhill Largo joins Irish banking crisis agency’s insolvency panel

Latest News

Winterhill Largo joins Irish banking crisis agency’s insolvency panel

Asset recovery and insolvency support group Winterhill Largo has been appointed to the panel of preferred UK insolvency practitioners for Ireland’s National Asset Management Agency.

13 Mar 2013

Variable annuity sales soar to record levels in 2012

Retirement

Variable annuity sales soar to record levels in 2012

UK variable annuity sales rose to £1.42 billion in 2012, an increase of 30 per cent over 2011, according to research by Towers Watson.

12 Mar 2013

Retirees miss out on £237m a year, says MGM Advantage

Retirement

Retirees miss out on £237m a year, says MGM Advantage

MGM Advantage, the retirement income specialist, has revealed the true cost of baby boomers not shopping around for their annuity this year.

12 Mar 2013

Prestige relaunches into prime secured market

Prestige relaunches into prime secured market

Prestige Finance, the intermediary focused second charge lender, acquired last year by OneSavings Bank plc, is today launching a new range of products into the secured loan market.

12 Mar 2013

FSA: New lending at 90% or over remains at 2%

Mortgages

FSA: New lending at 90% or over remains at 2%

Mortgage Lending Data released by the FSA today shows that high LTV lending was low in Q4 2012, with high LTV and high income multiple lending the lowest it had been all year, at 1.2%.

12 Mar 2013

Consumers not getting what they need from pensions, warns Panel

Retirement

Consumers not getting what they need from pensions, warns Panel

Consumers are not yet getting what they need from Defined Contribution Pension schemes.

12 Mar 2013

Accord cuts BTL rates by up to 0.30%

Mortgages

Accord cuts BTL rates by up to 0.30%

Accord Mortgages is providing a boost to buy to let investors by introducing a range of new mortgages whilst cutting rates on selected others from Tuesday 12th March.

11 Mar 2013

Number of homes 'given up' falls by 54%

Mortgages

Number of homes 'given up' falls by 54%

The number of homes given up in England each year between 2010 and 2012 because of mortgage difficulties is down by over half (54%) compared to 2005-2009, according to Castle Trust.

11 Mar 2013

Sesame Bankhall adds Shawbrook Bank to specialist lender panel

Sesame Bankhall adds Shawbrook Bank to specialist lender panel

Sesame Bankhall Specialist Lending Services has today announced the appointment of Shawbrook Bank to its growing panel of specialist lenders.

11 Mar 2013

 

Promise launches new secured lender

Promise launches new secured lender

Promise Solutions has exclusively launched Equifinance Plus, the latest lender to join the secured loan market.

11 Mar 2013

Be wary of ‘better deals’ on alternative finance, warns Embark

Be wary of ‘better deals’ on alternative finance, warns Embark

With brokers competing hard for business in this niche market, some are making empty promises, warns Richard Keenan of Embark Finance.

11 Mar 2013

Property prices in Spanish sunbelt regions fall by 15%

Blogs

Property prices in Spanish sunbelt regions fall by 15%

Interesting reading from Spanish Property Insight, which recently reported that in many parts of Spain, properties are on the market for less than it would cost to build them new.

08 Mar 2013

Consumer credit lending sees small increase in January

Consumer credit lending sees small increase in January

New figures released today by the Finance & Leasing Association show a small increase in consumer credit lending in January of 1% compared with the same month in 2012.

08 Mar 2013

Halifax partners with 50th builder on NewBuy

Mortgages

Halifax partners with 50th builder on NewBuy

This week, Halifax reached a milestone within its support of NewBuy initiative, signing up its 50th house builder partner representing 69 individual builder brands.

08 Mar 2013

Distribution Technology profiles Castle Trust's HouSAs

Savings & Investments

Distribution Technology profiles Castle Trust's HouSAs

Risk profiling service Distribution Technology has included Castle Trust’s innovative HouSAs in its model portfolios after completing rigorous research on the products which enable investors to access UK residential property.

08 Mar 2013

Mortgage approvals lowest in 7 months as demand weakens

Mortgages

Mortgage approvals lowest in 7 months as demand weakens

Mortgage approvals fell to their lowest level in seven months in February thanks to weakening borrower demand and lower than expected uptake of the FLS by banks, according to e.surv chartered surveyors.

08 Mar 2013

The Chelsea launches its lowest fixed rate at 1.74%

Mortgages

The Chelsea launches its lowest fixed rate at 1.74%

Chelsea Building Society has taken two year fixed rate mortgages to their lowest ever level with a new product at 1.74%.

08 Mar 2013

Funding for Lending message is getting through to SMEs

Funding for Lending message is getting through to SMEs

BDRC Continental today publishes the latest quarterly SME Finance Monitor investigating the availability of external finance for the UK’s SMEs.

07 Mar 2013

Gareth Broome, Business Development Manager at The Lending Wizard

In The Spotlight

Gareth Broome, Business Development Manager at The Lending Wizard

Financial Reporter had a chat with Gareth Broome, Business Development Manager at The Lending Wizard.

07 Mar 2013

Aldermore cuts BTL and NewBuy rates

Mortgages

Aldermore cuts BTL and NewBuy rates

Aldermore has announced cuts on rates for its buy-to-let and NewBuy mortgage ranges.

07 Mar 2013

Equity Release Council membership passes 250

Retirement

Equity Release Council membership passes 250

Membership of The Equity Release Council has passed the 250 mark, less than twelve months since the trade body first opened its doors to participants from across the UK’s equity release industry.

07 Mar 2013

Low rates are here to stay - but beware Sterling's precipitous fall

Matt Howe Mortgage 27

Low rates are here to stay - but beware Sterling's precipitous fall

Our team and the rest of the market have been watching new mortgage rates drop gradually since the government launched the FLS in August 2012, and so far in 2013 the declines show now sign of abating.

06 Mar 2013

Zurich pays 90% of income protection claims in 2012

Protection

Zurich pays 90% of income protection claims in 2012

Zurich today released details of its 2012 claims for income protection policies in the UK.

06 Mar 2013

L&G see 20% increase in mortgage business over 2012

Mortgages

L&G see 20% increase in mortgage business over 2012

Legal & General Mortgage Club today announces a 20% increase in mortgage activity in 2012 compared with 2011, with members of the Club responsible for £18.86 billion of UK mortgage lending last year.

06 Mar 2013

Bridging finance is a viable option for investors

Blogs

Bridging finance is a viable option for investors

[This blog is by Karen Bennett, head of Sales & Marketing, Shawbrook Bank]

06 Mar 2013

Industry responds to OFT's payday lender crackdown

Industry responds to OFT's payday lender crackdown

Following the announcement that the OFT gives payday lenders 12 weeks to change their practice or risk losing their licenses, the industry has responded.

06 Mar 2013

Saffron launches dedicated intermediary channel and new products

Mortgages

Saffron launches dedicated intermediary channel and new products

Saffron Building Society has announced the launch of a dedicated intermediary lending channel, as well as the launch of a new range of mortgage products designed to help creditworthy borrowers facing special situations.

06 Mar 2013

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