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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

OFT gives payday lenders a 12-week deadline to change

OFT gives payday lenders a 12-week deadline to change

The OFT is giving the leading 50 payday lenders, accounting for 90% of the payday market, 12 weeks to change their business practices or risk losing their licences.

06 Mar 2013

TBMC launches its lowest ever BTL rate at 2.72%

Mortgages

TBMC launches its lowest ever BTL rate at 2.72%

TBMC, the buy-to-let and commercial mortgage specialist, has launched two new exclusive buy-to- let mortgages through Hinckley & Rugby Building Society.

06 Mar 2013

21% of DIY investors blame lack of clarity for underperformance

Savings & Investments

21% of DIY investors blame lack of clarity for underperformance

31% of DIY investors aren’t aware that the way they buy financial products – direct from a provider or from a platform or fund supermarket – can impact the cost of their investment, according to new research from Prudential.

06 Mar 2013

Keystone launches online mortgage illustration service

Mortgages

Keystone launches online mortgage illustration service

Brokers wanting to give their landlord clients a detailed mortgage illustration from Keystone Buy to Let Mortgages can now do so using a new service facility on the lender’s website.

06 Mar 2013

HSBC launches 1.79% 2-year fix

Mortgages

HSBC launches 1.79% 2-year fix

HSBC has responded to growing demand for borrowers seeking a fixed rate by launching its lowest ever 2, 5, 7 and 10 year fixed rate mortgages.

05 Mar 2013

CMC launches BTL mortgages for Metro Bank

Mortgages

CMC launches BTL mortgages for Metro Bank

Connect Mortgage Club, part of the Connect Group, has announced the launch of exciting new BTL products through its partnership with Metro Bank.

05 Mar 2013

Mortgage market has turned on its head, says Moneyfacts

Mortgages

Mortgage market has turned on its head, says Moneyfacts

Moneyfacts research reveals that the mortgage market has literally turned on its head in the last five years.

05 Mar 2013

BIBA agree on Terms of Business Arrangement templates

Protection

BIBA agree on Terms of Business Arrangement templates

BIBA have approved a template with the Association of British Insurers which will make it easier to implement agreements between brokers and insurers.

05 Mar 2013

Mutuals play 'important role' as they make two-thirds of FLS lenders

Mutuals play 'important role' as they make two-thirds of FLS lenders

Of the 39 lenders which have signed up for the Bank's Funding for Lending Scheme, two thirds are mutual lenders, primarily building societies.

04 Mar 2013

Mortgage Trust launches limited edition BTL products

Mortgages

Mortgage Trust launches limited edition BTL products

Mortgage Trust has launched a new range of limited edition buy-to-let mortgage products.

04 Mar 2013

Scottish Provident pays out over 93% of critical illness claims in 2012

Protection

Scottish Provident pays out over 93% of critical illness claims in 2012

Scottish Provident’s ‘Critical illness claims report’ released today reveals over £94 million was paid out to critical illness policyholders during 2012.

04 Mar 2013

Virgin Money cuts rates by up to 0.10%

Mortgages

Virgin Money cuts rates by up to 0.10%

Virgin Money has announced further rate reductions across its residential mortgage range.

04 Mar 2013

Aldermore extend criteria to allow gifted deposits

Mortgages

Aldermore extend criteria to allow gifted deposits

Aldermore has opened-up its residential and buy-to-let lending criteria to allow full family gifted deposits, as well as extending the offer period allowable on new build properties.

04 Mar 2013

Promise completes Nemo’s largest ever loan

Promise completes Nemo’s largest ever loan

Follow the recent revision of Nemo’s criteria, master broker Promise Solutions has completed a loan for £199,000 including fees – Nemo’s largest ever loan.

04 Mar 2013

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