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BBA: August mortgage approvals down 21%

BBA: August mortgage approvals down 21%

August's house purchase approval numbers are 21% lower than in August 2015, according to the latest BBA high street banking statistics.

26 Sep 2016

Which? makes banking fraud 'super-complaint' to regulators

Which? makes banking fraud 'super-complaint' to regulators

Which? has made the first super-complaint to the financial regulators calling on them to ensure banks better protect victims of fraud.

26 Sep 2016

In The Spotlight with Peter McDermid, LendInvest

In The Spotlight with Peter McDermid, LendInvest

We spoke to Peter McDermid, Business Development Manager for Scotland at LendInvest, about the effect of the Brexit vote on the housing market and the growing specialist lending market.

23 Sep 2016

TFC appoints Paul Ormonde as key account manager

TFC appoints Paul Ormonde as key account manager

Specialist distributor TFC Homeloans has hired former Knight Frank property manager Paul Ormonde as key account manager for the south of England.

23 Sep 2016

Challenger banks: Setting the pace in financial services

Challenger banks: Setting the pace in financial services

A key task for all companies within the financial services industry, no matter the size, is to keep abreast of the changes occurring within the banking sector and then adapting to embrace them.

23 Sep 2016

New Street begins full mortgage market launch with reduced rates

New Street begins full mortgage market launch with reduced rates

New Street Mortgages has confirmed its full launch into the mortgage market with a streamlined range and reduced rates now available to all mortgage distributors.

23 Sep 2016

Santander launches high-LTV rates from 1.64%

Santander launches high-LTV rates from 1.64%

Santander has launched a range of high-LTV products with £250 cashback, as well as new large loan products available up to £3m.

23 Sep 2016

Berkeley Alexander launches BTL insurance product

Berkeley Alexander launches BTL insurance product

General insurance provider, Berkeley Alexander, has launched a new buy-to-let landlord product on its panel that also offers cover for unoccupied properties.

23 Sep 2016

Finance job roles fall 10% in aftermath of Brexit vote

Finance job roles fall 10% in aftermath of Brexit vote

Job postings in the financial sector have fallen by over 10% in July and August compared to May and June.

23 Sep 2016

One in ten remortgagors save over £500 a month in August

One in ten remortgagors save over £500 a month in August

11% of remortgagors made monthly savings of over £500 in August due to falling rates following the Bank Rate cut, according to data from LMS.

23 Sep 2016

 

London house prices to see "low single digit growth" by 2017

London house prices to see "low single digit growth" by 2017

House price growth has fallen to 8.2% as the slowdown seen in cities across the south of England in recent months intensified in August, according to the latest Hometrack UK Cities Index.

23 Sep 2016

Number of properties for sale increases post-Referendum

Number of properties for sale increases post-Referendum

The UK property market remains active post-Referendum with more properties for sale than on the day of the vote, according to estate agent Jackson-Stops & Staff.

23 Sep 2016

The death of private-sector DB pensions by 2024?

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The death of private-sector DB pensions by 2024?

At current rates of decline, active membership of defined benefit pensions in the private sector will cease to exist in 2024, according to Aviva.

22 Sep 2016

Govt data shows 'emerging chasm' between Right to Buy sales and starts

Govt data shows 'emerging chasm' between Right to Buy sales and starts

In April to June 2016-17 (Q1), local authorities sold an estimated 3,362 dwellings under the Right to Buy scheme - an annual increase of 21%, according to the latest DCLG data.

22 Sep 2016

Trade bodies adopt new industry lending guide

Trade bodies adopt new industry lending guide

An updated version of the industry guide for lenders and intermediaries on mortgage sales and servicing - Working Together - is being adopted today by members of the AMI, CML and IMLA.

22 Sep 2016

FCA begins work with nine firms to bring automated advice to market

FCA begins work with nine firms to bring automated advice to market

The FCA's Advice Unit, born out of the Financial Advice Market Review, will support nine firms to develop automated models which seek to deliver lower cost advice.

22 Sep 2016

Countrywide sells entire Zoopla stake for £29.2m

Countrywide sells entire Zoopla stake for £29.2m

Countrywide has sold its remaining stake in property website Zoopla for a total of £29.2 million.

22 Sep 2016

BoE: end of Help to Buy won't affect provision of finance

BoE: end of Help to Buy won't affect provision of finance

The Bank of England's Financial Policy Committee believe that the planned closure of the Help to Buy: Mortgage Guarantee scheme "would be unlikely to affect significantly the provision of finance".

22 Sep 2016

If equity release is not the answer, what is the question?

If equity release is not the answer, what is the question?

When it comes to financial decisions, reviewing every possible avenue is critical. For those who are in retirement and planning how to finance the rest of their lives, these decisions are even more important. It's therefore disappointing to see FCA CEO Andrew Bailey's recent comments regarding equity release. Bailey warned that equity release was not the answer, so I must ask, 'What is the question?'

22 Sep 2016

CML: mortgage lending rebounds to hit nine-year high

CML: mortgage lending rebounds to hit nine-year high

The CML estimates that gross mortgage lending reached £22.5 billion in August - 7% higher than July’s lending total of £21.1 billion.

22 Sep 2016

Bridging lending defies Brexit uncertainty with 3.3% rise

Bridging lending defies Brexit uncertainty with 3.3% rise

Gross annual bridging lending increased to £4.4bn in July following the Brexit vote, with a 3.3% rise in lending since June, according to the latest West One Bridging Index.

22 Sep 2016

BoE: post-Brexit housing market resilient outside of London

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BoE: post-Brexit housing market resilient outside of London

Although housing market activity fell markedly in London and in parts of the surrounding area in the aftermath of the Referendum, it has "held up relatively well in other parts" of the United Kingdom, according to Bank of England research.

22 Sep 2016

Dudley BS launches expat range

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Dudley BS launches expat range

Dudley Building Society has launched new expat mortgages for purchase, remortgage and BTL with whole of term discount rates.

22 Sep 2016

Former LV= employee charged with bribery over data leak

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Former LV= employee charged with bribery over data leak

A former LV= employee has been charged with bribery offences following an investigation by the City of London Police’s Insurance Fraud Enforcement Department into the suspected leak of confidential data to a claims management company.

21 Sep 2016

EXCLUSIVE: Industry-first auction finance partnership goes live

EXCLUSIVE: Industry-first auction finance partnership goes live

Details of the properties pre-qualified by online mortgage lender LendInvest ahead of the next LOT11 auction are now live.

21 Sep 2016

L&G adds OneFamily to Later Life panel

L&G adds OneFamily to Later Life panel

Legal & General Mortgage Club has added OneFamily to its direct to lender Later Life Lending Panel.

21 Sep 2016

HMRC: August's residential transactions see "negligible change"

HMRC: August's residential transactions see "negligible change"

There has been "negligible change" in the number of residential property transactions between July and August, according to the latest HMRC UK Property Transaction Statistics.

21 Sep 2016

Aldermore offers free valuation on new two-year fixes

Aldermore offers free valuation on new two-year fixes

Aldermore has launched three new limited edition two-year fixed rate residential products with free valuation.

21 Sep 2016

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