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Quarterly house price growth at 12-year high

Quarterly house price growth at 12-year high

City level house price inflation reached 4.2% in Q1 - the highest rate of quarterly growth for 12 years as demand was boosted by demand ahead of changes to stamp duty.

22 Apr 2016

Lloyds axes 625 roles and 21 branches

Lloyds axes 625 roles and 21 branches

Lloyds Banking Group has announced that it is cutting a further 625 jobs and closing 21 branches as part of ongoing cost-saving initiatives.

21 Apr 2016

FCA outlines secondary annuity market rules for brokers

FCA outlines secondary annuity market rules for brokers

The FCA has published its proposed rules and guidance for the secondary annuity market, and confirmed that buyers and brokers in this market will need to be authorised by the FCA.

21 Apr 2016

Masthaven granted retail banking licence

Masthaven granted retail banking licence

Masthaven Bank has been granted its retail banking licence after submitting its application in October.

21 Apr 2016

A third to dedicate majority of ISA allowance to IFISA

A third to dedicate majority of ISA allowance to IFISA

Lending Works has surveyed its lenders and found that 89% of respondents plan to open an Innovative Finance ISA with the platform when the product becomes available.

21 Apr 2016

L&G Mortgage Club posts record £4.7bn completions

L&G Mortgage Club posts record £4.7bn completions

The Legal & General Mortgage Club delivered a record month in March, with completions of £4.7bn, the highest monthly number in the club's 21 year history.

21 Apr 2016

Newcastle launches five-year fixed intermediary range

Newcastle launches five-year fixed intermediary range

Newcastle Building Society Intermediary Services has launched two five-year fixed rate mortgage products to its panel of mortgage brokers.

21 Apr 2016

Aldermore launches its lowest ever two-year fix

Aldermore launches its lowest ever two-year fix

Aldermore has today launched a new limited edition two year-fixed Residential Owner Occupied product.

21 Apr 2016

CML: stamp duty deadline drives 43% lending rise

CML: stamp duty deadline drives 43% lending rise

The Council of Mortgage Lenders estimates that gross mortgage lending reached £25.7 billion in March, driven by a surge to beat the stamp duty surcharge deadline.

21 Apr 2016

Record mortgage lending sees TSB profits surge 53%

Record mortgage lending sees TSB profits surge 53%

TSB has reported a 53% rise in statutory profit before tax to £52.6m which it attributed to record growth in customer deposits and mortgage lending.

21 Apr 2016

 

Legg Mason to transfer ISA clients to Hargreaves Lansdown

Legg Mason to transfer ISA clients to Hargreaves Lansdown

Legg Mason is to withdraw from offering the Legg Mason ISA and has chosen to work with Hargreaves Lansdown to provide investors with an option to transfer their holdings free of exit charges onto the HL Vantage Platform.

21 Apr 2016

Q1 sees record-breaking equity release lending levels

Q1 sees record-breaking equity release lending levels

Equity release lending grew by 21% in the first quarter of 2016 on a year-on-year basis and recorded the highest Q1 lending levels on record, according to the Equity Release Council.

21 Apr 2016

Can second charge completion times beat remortgaging and bridging?

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Can second charge completion times beat remortgaging and bridging?

The implementation of MCD has led to increased competitiveness, quicker turnaround times and greater protections, according to V Loans.

20 Apr 2016

Evolution Money celebrates #FRAwards win

Evolution Money celebrates #FRAwards win

Evolution Money are celebrating after winnning Best Second Charge Mortgage Lender in the Financial Reporter Awards for the second year running.

20 Apr 2016

MPs given power to veto FCA exec hires

MPs given power to veto FCA exec hires

George Osborne has written to Andrew Tyrie, Chairman of the Treasury Committee, to give the House of Commons the power to decide whether a candidate for Chief Executive of the FCA should be appointed.

20 Apr 2016

300,000 to sell in extended secondary annuity market

300,000 to sell in extended secondary annuity market

The government expects 300,000 people to sell their guaranteed income in exchange for a lump sum when the secondary annuity market launches on 6 April 2017.

20 Apr 2016

Shawbrook launches new digital application process

Shawbrook launches new digital application process

Shawbrook Bank Commercial Mortgages has today announced the launch of a new digital application service - "E-AIP" - for their residential investment products, allowing brokers to produce a hard credit backed IMO online within 15 minutes.

20 Apr 2016

March sees 'unexpected' £1bn drop in BTL sales

March sees 'unexpected' £1bn drop in BTL sales

Buy-to-let mortgage sales fell by 26.2% (-£1.04bn) in March, despite an expected last minute rise ahead of the stamp duty rate increases, according to Equifax Touchstone data.

20 Apr 2016

Paradigm Protect launches Group Risk panel

Paradigm Protect launches Group Risk panel

Paradigm Protect, the specialist Protection and GI distributor within the Paradigm Group, has launched a Group Risk panel for the benefit of its member firms.

20 Apr 2016

London Money to launch into second charge market

London Money to launch into second charge market

London Money Group have announced they are about to launch into the second charge mortgage market under the brand London Money Loans.

20 Apr 2016

Coventry launches 10 year fixed offset mortgage

Coventry launches 10 year fixed offset mortgage

Coventry for intermediaries has launched a range of 10 year fixed mortgages at 65% LTV, including a 10 year fixed offset mortgage which it says is the only product of its type on the market.

20 Apr 2016

Accord launches new fee-free range

Accord launches new fee-free range

Accord Mortgages has launched fee-free mortgage options for borrowers with a 35% deposit, with added incentives.

20 Apr 2016

Front Events launches Financial Services Expo Birmingham

Front Events launches Financial Services Expo Birmingham

Front Events, the events company behind the Financial Services Expo shows, has announced the launch of a brand new event, FSE Birmingham, which will take place in November.

20 Apr 2016

P2P industry lends £715m in Q1

P2P industry lends £715m in Q1

Levels of new peer-to-peer lending have increased significantly during the first quarter of 2016, according to the Peer-to-Peer Finance Association.

20 Apr 2016

Santander cuts BTL rates by up to 0.3%

Santander cuts BTL rates by up to 0.3%

Santander says it has "significantly reduced" BTL rates in line with its ongoing commitment to support this tranche of the market.

19 Apr 2016

Ratesetter appoints Target for standby servicing

Ratesetter appoints Target for standby servicing

Target Group, the financial services outsourcing and software business, has been appointed to provide standby servicing to peer-to-peer lending platform Ratesetter.

19 Apr 2016

The Mortgage Lender reveals range and launch plans

The Mortgage Lender reveals range and launch plans

The Mortgage Lender is set to launch in May and has revealed the key features of its product range which is aimed at the self-employed, lending into retirement and impaired credit lending.

19 Apr 2016

Tesco Bank enters mortgage intermediary market

Tesco Bank enters mortgage intermediary market

Tesco Bank has announced its launch into the broker market with Tesco Mortgage Intermediaries.

19 Apr 2016

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