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Tesco Bank launches three new fixed rate mortgages

Mortgages

Tesco Bank launches three new fixed rate mortgages

Tesco Bank has today announced three new fixed rate mortgage products over two, three and five years at 60% LTV which offer competitive rates and fees.

30 May 2013

Retirees will need over £600k pension for comfortable retirement

Retirement

Retirees will need over £600k pension for comfortable retirement

British adults have said that the average amount needed to maintain a comfortable standard of living during their retirement is £25,783.87 per year net of taxes, according to a new survey from Towry, the wealth adviser.

30 May 2013

Scottish Life supports advisers' transition to fee-based model

Retirement

Scottish Life supports advisers' transition to fee-based model

Scottish Life, the pensions specialist arm of the Royal London Group, has announced that it will continue to offer a Consultancy Charging option for qualifying schemes which are in the pre-Automatic Enrolment phase.

29 May 2013

Hope Capital celebrates bumper month due to extension to 1.5% Proc Fee

Hope Capital celebrates bumper month due to extension to 1.5% Proc Fee

Hope Capital, the entrepreneurial short term property bridging finance company, has enjoyed its most successful month to date, completing its largest bridging deal and seeing deal flow increase eightfold.

29 May 2013

Fincorp backs bridging veteran’s new lending venture

Fincorp backs bridging veteran’s new lending venture

Fincorp has agreed to provide funding to bridging veteran Martyn Smith’s new bridging lender Bath & West, operating in the South West of England.

29 May 2013

Profit growth puts Liberty SIPP in strong position for new pension regime

Retirement

Profit growth puts Liberty SIPP in strong position for new pension regime

UK SIPP provider, Liberty SIPP, today announced an increase in both profits and turnover for the financial year to 31 March 2013.

29 May 2013

RateSetter lenders welcome transparency as fund reaches £1m

RateSetter lenders welcome transparency as fund reaches £1m

Peer-to-peer lending website RateSetter.com has today announced that its unique Provision Fund, which shields lenders from bad debt, has now reached over £1m.

28 May 2013

Bright Grey improves its critical illness definition for cancer

Protection

Bright Grey improves its critical illness definition for cancer

Bright Grey, a protection specialist within the Royal London Group, has improved its critical illness definition for cancer for personal and business protection menu plans.

28 May 2013

Nationwide to join Help to Buy from tomorrow

Mortgages

Nationwide to join Help to Buy from tomorrow

Nationwide Building Society will accept mortgage applications from borrowers looking to participate in the Government's Help to Buy - equity loan scheme from Wednesday, May 29.

28 May 2013

UK retail investment sales will increase as advisers adjust to RDR

Savings & Investments

UK retail investment sales will increase as advisers adjust to RDR

Following the Pridham Report on UK retail fund sales for Q1 2013, Head of UK Wholesale at BNY Mellon Investment, Scott Goodsir, says that the lower level of sales across the industry may not be short-lived as advisers continue to adjust to RDR proposals.

28 May 2013

 

Capital Bridging Finance extends its funding lines

Capital Bridging Finance extends its funding lines

Capital Bridging Finance Limited, the City based short term lender, has announced that it has added a new funding line to its already impressive funding base.

28 May 2013

Nationwide increases amount borrowers can overpay on mortgage

Mortgages

Nationwide increases amount borrowers can overpay on mortgage

Nationwide Building Society is increasing the amount borrowers can overpay on their mortgage.

28 May 2013

AOBP welcomes newest associate lender

AOBP welcomes newest associate lender

The AOBP is delighted to announce Reward Capital LLP as the latest Associate Lender to join the Association, taking the total number of affiliated short term, commercial and development specialist lenders partners to 23.

28 May 2013

Number of mortgage products on the rise, but high fees prevail

Mortgages

Number of mortgage products on the rise, but high fees prevail

The number of mortgages available for borrowers has increased by 34 per cent since April 2012 when the FLS was announced, with fixed rate and tracker mortgage rates falling, according to MoneySupermarket.

28 May 2013

95% 3-year fix launched by the Cambridge & Mortgage Intelligence Holdings

Mortgages

95% 3-year fix launched by the Cambridge & Mortgage Intelligence Holdings

Mortgage Intelligence Holdings has launched a 5.99% 3 year fixed, available up to 95% LTV with The Cambridge Building Society.

28 May 2013

Alliance Trust Savings adds 100 funds to investment platform

Savings & Investments

Alliance Trust Savings adds 100 funds to investment platform

Alliance Trust Savings has today announced the addition of a further 100 new funds to its investment platform.

28 May 2013

Citizens Advice exposes payday lender failings

Citizens Advice exposes payday lender failings

Citizens Advice is urging the OFT to take tough, immediate action against payday lenders as new evidence reveals lenders are pressurising struggling borrowers to extend loans, lending to people under 18 and harassing people in debt.

28 May 2013

Scottish 95% mortgage scheme goes from strength to strength

Mortgages

Scottish 95% mortgage scheme goes from strength to strength

The MI New Home 95% mortgage scheme, which aims to help buyers overcome the barrier of high deposit requirements, continues to grow with the announcement that a new round of builders have signed up to the initiative.

27 May 2013

HMRC crackdown will 'prevent pension-busting', says deVere Group CEO

Retirement

HMRC crackdown will 'prevent pension-busting', says deVere Group CEO

The proposed changes to QROPS set out today by HM Revenue & Customs will “help prevent pension-busting” says the boss of the world’s largest independent financial advisory organisation.

24 May 2013

BBA data: mortgage approvals continue to rise

BBA data: mortgage approvals continue to rise

Net mortgage borrowing from the banks fell by 0.1% over the year to April, according to the latest mortgage data from the British Bankers' Association.

24 May 2013

Remortgage lending reaches £3.4bn in April

Mortgages

Remortgage lending reaches £3.4bn in April

LMS figures reveal that monthly gross remortgage lending increased by £489m in April to £3.4bn. This is up 17.0% on March’s £2.9bn reported by the Council for Mortgage Lenders last week.

24 May 2013

AFI launches 7-day best buy deals from 2.99%

Mortgages

AFI launches 7-day best buy deals from 2.99%

Tomorrow, Abbey for Intermediaries will launch two new seven day spring specials with no fee, available exclusively through all Key Accounts.

23 May 2013

Positive Solutions warns not to leave auto-enrolment too late

Retirement

Positive Solutions warns not to leave auto-enrolment too late

Positive Solutions is warning businesses that the time is now to start speaking to an IFA about meeting their auto enrolment deadlines.

23 May 2013

Leeds cuts rates on 5-year fix by 0.10%

Mortgages

Leeds cuts rates on 5-year fix by 0.10%

Leeds Building Society has reduced the rate on its 5-Year Fixed Rate mortgage, available between 70% and 80% loan to value, by 0.10% to only 3.19%.

23 May 2013

e.surv rolls out Q-Mobile software to 400 surveyors

Legal

e.surv rolls out Q-Mobile software to 400 surveyors

Landmark Quest has today announced the successful roll-out of mobile tablet devices and Q-Mobile software to e.surv Chartered Surveyors’ national team of residential valuation surveyors.

23 May 2013

Barclays stockbrokers report strong start to the year

Savings & Investments

Barclays stockbrokers report strong start to the year

New analysis from Barclays Stockbrokers reveals a strong start to the new tax year for funds investing by its clients

23 May 2013

Rural savers stash more than city dwellers

Retirement

Rural savers stash more than city dwellers

With an average savings balance in rural areas of £9,435, urban savers across all regions of England and Wales have fewer savings than their country neighbours according to research by Halifax

23 May 2013

Incoming BoE governor’s plans could erode pensions

Retirement

Incoming BoE governor’s plans could erode pensions

The pension funds of older workers could be dealt “another hammer blow” when Mark Carney begins his new role as Governor of the Bank of England, warns the chief executive of the world’s largest independent financial advisory organisation

23 May 2013

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