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Leeds BS sees 33% rise in mortgage lending

Leeds BS sees 33% rise in mortgage lending

Leeds Building Society has reported a 5% rise in pre-tax profit in H1 to £58m, driven by growth in mortgage lending.

05 Aug 2016

Legal & General launches sub-4.5% lifetime mortgage

Legal & General launches sub-4.5% lifetime mortgage

Legal & General has launched a 4.44% Premier Flexible Lifetime Mortgage, which it says is the first sub-4.5% fixed rate roll-up lifetime mortgage product in the market.

05 Aug 2016

Halifax: house price inflation plateaus in July

Halifax: house price inflation plateaus in July

House prices in the three months to July were 8.4% higher than in the same three months a year earlier - unchanged from June, according to the latest Halifax house price index.

05 Aug 2016

FTB and remortgage valuations see post-Brexit surge

FTB and remortgage valuations see post-Brexit surge

Housing market activity has shifted in favour of first-time buyers and remortgagors since the Referendum vote, with annual valuation growth rising by 12% in both sectors, according to Connells Survey and Valuation.

05 Aug 2016

RBS scraps plans to launch Williams & Glyn branches

RBS scraps plans to launch Williams & Glyn branches

Royal Bank of Scotland has abandoned plans to launch Williams & Glyn as a standalone bank after reporting an operating loss before tax of £274m in H1 2016 and an attributable loss of over £2bn.

05 Aug 2016

Trio of lenders cut SVRs by 0.25%

Trio of lenders cut SVRs by 0.25%

Following today’s decision to lower the Bank of England base rate to 0.25% from 0.50%, Santander, Virgin Money and Barclays have confirmed that their Standard Variable Rates will be reduced by 0.25%.

04 Aug 2016

Two sides of the story - the industry reacts to new record low base rate

Two sides of the story - the industry reacts to new record low base rate

The Bank of England’s Monetary Policy Committee has today announced a unanimous decision to cut the base rate from its previous record low of 0.5% to 0.25%, the first change in rate for over seven years.

04 Aug 2016

BoE slashes 2017 growth forecasts from 2.3% to 0.8%

BoE slashes 2017 growth forecasts from 2.3% to 0.8%

The Bank of England has cut growth its 2017 forecasts from 2.3% to just 0.8%.

04 Aug 2016

Bank of England cuts Bank Rate to 0.25%

Bank of England cuts Bank Rate to 0.25%

In a much-anticipated move, the Bank of England’s Monetary Policy Committee has voted to cut the base rate to 0.25% and has announced plans to introduce a package of measures designed to provide additional monetary stimulus.

04 Aug 2016

HSBC widens distribution with new partnership

HSBC widens distribution with new partnership

Complete Mortgages has joined HSBC’s broker panel, providing the Guildford-based broker with access to HSBC’s residential mortgage product portfolio.

04 Aug 2016

 

Second charge industry urged to adopt flat application fee

Second charge industry urged to adopt flat application fee

Complete FS says that reductions in fees by second charge master brokers "still have a way to go" to appeal to a wider range of brokers, and is urging the industry to renounce the old fee structure and introduce a flat application fee.

04 Aug 2016

Bridging lending drops 27% amid Brexit uncertainty

Bridging lending drops 27% amid Brexit uncertainty

Bridging lending fell to £91.11m in Q2 - 8% lower than Q2 2015 and a 27.3% decrease on Q1 2016, according to the latest Bridging Trends data from MTF.

04 Aug 2016

Tesco Bank extends offer validity period to 6 months

Tesco Bank extends offer validity period to 6 months

Tesco Bank has extended the validity period of its formal mortgage offers for new customers from 3 months to 6 months.

04 Aug 2016

NatWest launches FTB cashback range

NatWest launches FTB cashback range

NatWest Intermediary Solutions has launched new two and five year fixed rate cashback deals for first-time buyers.

04 Aug 2016

Guarantor loan provider receives FCA authorisation

Guarantor loan provider receives FCA authorisation

1Plus1 Loans has become the third guarantor loan provider to be fully authorised by the FCA.

04 Aug 2016

PAA Leads to withdraw from lead generation market

PAA Leads to withdraw from lead generation market

PAA Leads has announced its closure, and will stop selling leads on the 9th September.

04 Aug 2016

Brightstar launches invoice and asset finance arm

Brightstar launches invoice and asset finance arm

Brightstar has launched its invoice and asset finance arm following a seven month pilot due to an "upsurge in enquiries".

04 Aug 2016

L&G: rate cut will not spark significant fall in fixed rates

L&G: rate cut will not spark significant fall in fixed rates

Fixed rates will continue their downward trajectory, with or without a base rate reduction, according to Legal & General.

03 Aug 2016

NIESR: 50% chance of ‘technical’ recession as GDP slows

NIESR: 50% chance of ‘technical’ recession as GDP slows

NIESR's latest forecasts show that GDP is expected to grow by 1.7% in 2016, slowing to just 1% in 2017.

03 Aug 2016

What is the correct ‘Order’?

What is the correct ‘Order’?

When debates become unruly in the House of Commons the Speaker can be heard yelling, “Order, Order, Order”. When it comes to holistic financial planning for retirement income I’m currently wondering whether someone should also be shouting, “Order, Order, Order”?

03 Aug 2016

Property supply recovers from Brexit slump with 3.4% rise

Property supply recovers from Brexit slump with 3.4% rise

New property listings rose by 3.4% in July, with almost two thirds (62%) of UK towns and cities seeing an increase compared to June.

03 Aug 2016

Two in five suffer DB transfer problems

Two in five suffer DB transfer problems

38% of savers who are considering transfers of old schemes are facing delays and reluctance from providers, according to MetLife research.

03 Aug 2016

Precise enhances buy-to-let offering

Precise enhances buy-to-let offering

Precise Mortgages has reduced rates on its buy to let product range in a bid to strengthen its specialist proposition in the buy to let sector and increase its market share.

03 Aug 2016

New app-based insurance brand launches

New app-based insurance brand launches

A new app-based insurance solution has launched today, backed by Ageas and developed specifically for millennials.

03 Aug 2016

Prudential launches due diligence guides for advisers

Prudential launches due diligence guides for advisers

Prudential has commissioned four new guides to support financial advisers in meeting their due diligence requirements.

03 Aug 2016

FCA to update pension transfer redress rules

FCA to update pension transfer redress rules

The FCA is consulting on how redress is calculated in cases of unsuitable advice on transfers from DB occupational pension schemes to personal pensions.

03 Aug 2016

HSBC Q2 profits drop 45%

HSBC Q2 profits drop 45%

HSBC's interim results show a slump in H1 profits, with the bank preparing for a "significant impact" from ongoing investigations into the Panama Papers.

03 Aug 2016

Santander to bid for Williams & Glyn branches

Santander to bid for Williams & Glyn branches

Santander UK is reportedly planning to make a formal bid to acquire Royal Bank of Scotland's Williams & Glyn branches.

02 Aug 2016

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