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ifs University College becomes The London Institute of Banking & Finance

ifs University College becomes The London Institute of Banking & Finance

ifs University College has rebranded to The London Institute of Banking & Finance.

16 Sep 2016

Bank Rate should be -1%, says thinktank

Bank Rate should be -1%, says thinktank

The International Longevity Centre – UK has calculated that based on a 'historic relationship' between economic fundamentals and the base rate, interest rates should be even lower than they currently are at around -1%.

16 Sep 2016

The Bank of Mum and Dad - a temporary fix?

The Bank of Mum and Dad - a temporary fix?

Every year, thousands of hopeful first time buyers find themselves priced out of an increasingly exclusive housing market, leaving many to turn to the so-called Bank of Mum and Dad for help. Just as their parents helped them to take their first steps when learning to walk, first time buyers are now hoping their parents can help them take their first step onto the property ladder.

16 Sep 2016

Newcastle improves time to offer to six days

Newcastle improves time to offer to six days

Newcastle Intermediaries has refreshed its two and five year fixed rate mortgage ranges as well as improving its time to offer to six days (from submission of minimum packaging requirements).

16 Sep 2016

Deutsche Bank to fight $14bn mortgage investigation fine

Deutsche Bank to fight $14bn mortgage investigation fine

Deutsche Bank says it has 'no intention' of paying the $14 billion cited by the U.S. Department of Justice to settle claims regarding its issuance and underwriting of residential mortgage-backed securities before the financial crisis.

16 Sep 2016

Together's annual lending tops £1bn

Together's annual lending tops £1bn

Together has announced record results for the year ending 30 June 2016, with profit before tax at £90.3m, an increase of 20.8% on the previous year.

16 Sep 2016

Paragon launches five-year fixed range

Paragon launches five-year fixed range

Paragon Mortgages has launched a new range of five-year fixed rate buy-to-let mortgages for individual and limited company landlords, with rates starting from 3.75%.

16 Sep 2016

Pension savers losing £2bn in over-charged pots

Pension savers losing £2bn in over-charged pots

Savers could be paying over £2bn in unnecessary pensions management charges each year, as an estimated £180bn of personal pensions are being held in over-charged pots, according to Profile Financial.

16 Sep 2016

Lifetime ISA can be used towards house deposit

Lifetime ISA can be used towards house deposit

The Treasury has confirmed that Lifetime ISA holders can close their account and access all of their savings, without charge, to go towards their deposit at the point of exchange of contracts on their first home.

15 Sep 2016

Lifetime ISA bonus to be paid monthly

Lifetime ISA bonus to be paid monthly

The Treasury has today provided further details on the Lifetime ISA, confirming that from 2018-19 the bonus will be claimed and paid on a monthly basis, rather than deferring until after the end of each tax year.

15 Sep 2016

 

HTB2 - let's hope success breeds success

HTB2 - let's hope success breeds success

‘Success breeds success’ goes the saying, and perhaps judging by Team GB’s recent performance at the Rio Games, following up on London 2012, then you’d have to say there’s some merit in this.

15 Sep 2016

YBS cuts three and five year fixed rates

YBS cuts three and five year fixed rates

Yorkshire Building Society reduced selected three and five-year fixed rate mortgages by 0.14%.

15 Sep 2016

Bank of England holds bank rate at 0.25%

Bank of England holds bank rate at 0.25%

The Bank of England's Monetary Policy Committee voted unanimously to maintain Bank Rate at 0.25% in its latest meeting.

15 Sep 2016

Former Barclays Wealth exec to fight FCA ban

Former Barclays Wealth exec to fight FCA ban

The FCA is looking to ban the former COO of Barclays Wealth and Investment Management, Andrew Tinney, for covering up an independent report which was 'highly critical' of some of the firm's senior management.

15 Sep 2016

FCA: robo-advice won't prompt rule changes

FCA: robo-advice won't prompt rule changes

The FCA's policy director, David Geale, says that robo-advice won't prompt changes to existing rules, but admitted that providers need further clarity.

15 Sep 2016

Coventry ups maximum age to 85 for BTL

Coventry ups maximum age to 85 for BTL

Coventry Building Society has announced that it is increasing its maximum age at end of term from 75 to 85 for buy-to-let investors.

15 Sep 2016

TFC to offer £1m in free legals through new intermediary club

TFC to offer £1m in free legals through new intermediary club

TFC Homeloans is offering brokers up to £1m in free legals for remortgage clients over a six-month period.

15 Sep 2016

LendInvest to support aspiring housebuilders with new initiative

LendInvest to support aspiring housebuilders with new initiative

LendInvest has launched the LendInvest Property Development Academy, a new initiative designed to teach aspiring small-scale developers the skills they need to build more homes.

15 Sep 2016

Brokers predict further 10% growth in second charge market

Brokers predict further 10% growth in second charge market

Brokers expect the value of the second charge loans market to increase by around 10% in the next two years, according to research from V Loans.

15 Sep 2016

TSB cuts high-LTV rates by up to 0.41%

TSB cuts high-LTV rates by up to 0.41%

TSB has reduced rates across a range of fixed and tracker-rate mortgages for homemovers, remortgagors and landlords, as well as increasing the maximum loan available on selected mortgages to £1m.

15 Sep 2016

60% of advisers vote against easier product area access

60% of advisers vote against easier product area access

Almost two-thirds of attendees in a seminar focusing on equity release at this year’s Financial Service Expo (FSE) London agreed that advisers should not have easier access to any product area.

15 Sep 2016

Brexit: Short term pain - long term gain?

Brexit: Short term pain - long term gain?

According to advisers at yesterday’s FSE London exhibition, the decision to leave the EU could bring short-term pain for the UK economy and British business, but ultimately result in a long-term gain.

15 Sep 2016

Skipton launches new 2 year fixed exclusives

Skipton launches new 2 year fixed exclusives

Skipton Intermediaries has announced that it has launched a new suite of intermediary exclusives, offering a selection of two-year fixed rate deals, available for purchase and remortgage.

14 Sep 2016

Over 55s forced to draw £17bn of property equity

Over 55s forced to draw £17bn of property equity

New research from online estate agent, eMoov.co.uk, has found that those in the later stages of life are having to draw equity from their property in order to survive as spiralling costs of homeownership in the UK continue to see many more priced out of the market.

14 Sep 2016

BTL sector will see less of the 'Dinner Party' landlord

BTL sector will see less of the 'Dinner Party' landlord

The changes impacting buy-to-landlords, including an increase in stamp duty for additional homes and the changes to mortgage interest tax relief next year, will mean a move towards more professional and less ‘dinner party’ landlords active in the private rental sector.

14 Sep 2016

Nurturing new talent key to business growth, says MAB

Nurturing new talent key to business growth, says MAB

Business owners have been urged to consider fresh approaches to growing their business by engaging with, and nurturing, new talent.

14 Sep 2016

FCA to launch Mortgage Market Study before end of year

FCA to launch Mortgage Market Study before end of year

The FCA will formally launch its Mortgage Market Study towards the end of 2016 which will focus specifically on the competition issues faced by consumers in today’s marketplace.

14 Sep 2016

Sales surge sees First Complete hit £1bn milestone

Sales surge sees First Complete hit £1bn milestone

First Complete, part of the LSL Property Services Group, has provided cover for customers that totalled over £1.13bn in H1 - a 34% increase on the same period last year.

14 Sep 2016

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