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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

Aldermore to commence lending in Scotland

Aldermore to commence lending in Scotland

Aldermore, the British challenger bank, has announced it will start lending on residential and buy-to-let properties in Scotland with effect from Monday 10th June 2013

23 May 2013

Smart Money Loans sees loan size nearly double in Scotland

Smart Money Loans sees loan size nearly double in Scotland

Smart Money Loans, the secured loan distributor with offices in both England and Scotland, has reported a sharp increase in the average value of Scottish loans in 2013 as new business soars.

22 May 2013

Holloway Friendly launches 24-hr support for income protection clients

Protection

Holloway Friendly launches 24-hr support for income protection clients

Holloway Friendly this week launches a 24 hour advice and information service for its income protection policy holders. Advisers can access the Care First package for their clients through Holloway’s ‘member support package’.

22 May 2013

Nationwide increases mortgage lending by 17%

Mortgages

Nationwide increases mortgage lending by 17%

Over the last year ending 4 April 2013, the Nationwide Group has increased its gross mortgage lending by 17 per cent to £21.5 billion, accounting for 15.1 per cent of all UK residential mortgage lending.

22 May 2013

Exit strategy needed for Help to Buy, CML & BoE agree

Mortgages

Exit strategy needed for Help to Buy, CML & BoE agree

The Help to Buy mortgage guarantee scheme is targeted at creditworthy borrowers saving for a deposit on their main home, the CML's director general, Paul Smee, told lenders in Wales on Friday.

22 May 2013

Legal & General joins Paymentshield Panel

Protection

Legal & General joins Paymentshield Panel

Legal & General has been named as the latest insurer to join Paymentshield’s panel of insurers.

22 May 2013

The Lending Wizard unsecured platform now open to Julian Harris members

The Lending Wizard unsecured platform now open to Julian Harris members

The Lending Wizard, the loan sourcing tool for brokers, has been appointed as the unsecured personal loans provider to Julian Harris Financial Consultants and Julian Harris Mortgages.

22 May 2013

When comparison is anything but...

Matt Howe Mortgage 27

When comparison is anything but...

A recent article in the Sunday Times bemoaned the lack of independence some comparison sites evidenced.

22 May 2013

Source Insurance appointed as preferred GI for Ingard network

Protection

Source Insurance appointed as preferred GI for Ingard network

Source Insurance announced this week that they have been appointed as a preferred supplier to the Ingard network for General Insurance.

22 May 2013

Increasing availability pushes up number of mortgage transactions

Mortgages

Increasing availability pushes up number of mortgage transactions

According to recent figures, the number of UK transactions in April rose 12% annually and by 4% since March, reportedly due to increased access to funding for buyers.

21 May 2013

73% of brokers say they would recommend 'versatile' bridging finance

73% of brokers say they would recommend 'versatile' bridging finance

United Trust Bank’s broker survey has revealed that 9 out of 10 (91%) bridging finance brokers believe that awareness of the versatility of bridging finance as a short term option has increased over the last 12 months.

21 May 2013

IBB lowers Sharia-compliant HPP rate to 3.99%

Mortgages

IBB lowers Sharia-compliant HPP rate to 3.99%

Islamic Bank of Britain, the UK’s only wholly Sharia compliant retail bank, has lowered the rates for its Sharia compliant Home Purchase Plans by launching a new discounted variable product available with a rental rate of 3.99%.

21 May 2013

House prices remain stable, says ONS survey

Legal

House prices remain stable, says ONS survey

According to the latest House Price Index from the Office for National Statistics, UK house prices increased by 2.7% in the 12 months to March 2013 up from a 1.9% increase in the 12 months to February 2013.

21 May 2013

CML: Gross mortgage lending up 4% in April

Mortgages

CML: Gross mortgage lending up 4% in April

The Council of Mortgage Lenders estimates that total gross mortgage lending increased by 4% on March to £12.1 billion in April, but cautions that meaningful comparisons with last April are difficult.

21 May 2013

L&G exclusively launches NatWest's 2-year fixes from 1.74%

Mortgages

L&G exclusively launches NatWest's 2-year fixes from 1.74%

Legal & General Mortgage Club is pleased to announce that tomorrow it will launch a range of exclusive two-year fixed-rate mortgages from NatWest, available through Legal & General ARs and Nouveau firms.

21 May 2013

MAB: Mortgage applications rocket as rates fall

Mortgages

MAB: Mortgage applications rocket as rates fall

Total mortgage applications for April 2013 were up by more than 50% year-on-year, fuelled by a monthly spike of 10% according to the National Mortgage Index from Mortgage Advice Bureau.

20 May 2013

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