Latest News

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

Prime central London sees strongest growth in sub-£1m bracket

Mortgages

Prime central London sees strongest growth in sub-£1m bracket

Prime central London residential prices increased by 0.5% in June and by 4.2% so far in 2013, according to Knight Frank's Prime Central London Index.

29 Jul 2013

Mortgage lending by mutuals up 20% on first half of 2012

Mortgages

Mortgage lending by mutuals up 20% on first half of 2012

Gross mortgage lending by building societies and other mutual lenders was £3.5 billion in June and £18.0 billion in the first half of the year, up by 28 per cent compared to £14.0 billion in the first half of 2012.

29 Jul 2013

Mortgage approvals take slight dip in June

Mortgages

Mortgage approvals take slight dip in June

Mortgages approvals dipped slightly in June from the three-and-a-half-year high recorded in May, according to the latest Money and Credit report from the Bank of England.

29 Jul 2013

Openwork strikes exclusive mortgage deal with Skipton

Mortgages

Openwork strikes exclusive mortgage deal with Skipton

Openwork has secured an exclusive fixed rate mortgage deal with Skipton Intermediaries, aimed at purchase and remortgage clients seeking a competitive rate with low costs.

29 Jul 2013

First half of 2013 sees FTBs flock to the market: Halifax

Mortgages

First half of 2013 sees FTBs flock to the market: Halifax

The number of first time buyers in the first six months of 2013 was 19% higher than in the same period last year, according to the half-year Halifax First Time Buyer Review.

29 Jul 2013

Bridgers still offering 'unachievable' rates, says broker

Bridgers still offering 'unachievable' rates, says broker

With the growth of bridging finance outstripping the growth of gross mortgage lending by over 5,000 per cent in 2012, many buy-to-let investors are realising the benefits of bridging finance to acquire and refurbish properties.

26 Jul 2013

James Chidgey, Senior Manager of Group Intermediary Sales at Nationwide

In The Spotlight

James Chidgey, Senior Manager of Group Intermediary Sales at Nationwide

Financial Reporter had a chat with James Chidgey, Senior Manager of Group Intermediary Sales at Nationwide, about FLS, the year ahead for the mortgage market and corporate parties...

26 Jul 2013

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