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MPC holds Bank Rate amid Brexit fears

MPC holds Bank Rate amid Brexit fears

The Bank of England's Monetary Policy Committee voted unanimously to maintain Bank Rate at 0.5% in its latest meeting.

16 Jun 2016

Lloyds escapes bond redress costs after Supreme Court win

Lloyds escapes bond redress costs after Supreme Court win

The Supreme Court has ruled that Lloyds Bank can redeem £3.3 billion of Enhanced Capital Notes at face value.

16 Jun 2016

Openwork adds Kent Reliance to panel

Openwork adds Kent Reliance to panel

Openwork has added Kent Reliance to its lender panel, providing its advisers with access to the specialist lender’s buy-to-let and shared ownership mortgages.

16 Jun 2016

New SIPP offers free multi-jurisdictional switching

New SIPP offers free multi-jurisdictional switching

Momentum Pensions has launched its first UK SIPP which offers the option to switch for free within a multi-jurisdictional proposition - a feature which it says is a UK first.

16 Jun 2016

Retentions drive 37% lending rise at Hinckley & Rugby

Retentions drive 37% lending rise at Hinckley & Rugby

Hinckley & Rugby's processed mortgage applications totalled £96 million in H1 - 37% ahead of the same period last year.

16 Jun 2016

Masthaven Bank to launch Development Finance division

Masthaven Bank to launch Development Finance division

Newly authorised Masthaven Bank has appointed James Bloom as Managing Director of its Development Finance Division.

16 Jun 2016

Yorkshire BS CEO to step down

Yorkshire BS CEO to step down

Yorkshire Building Society has announced that Chief Executive Chris Pilling will step down at the end of the year to 'pursue new opportunities'.

16 Jun 2016

Nationwide launches 2.99% ten-year fix

Nationwide launches 2.99% ten-year fix

Nationwide has cut mortgage rates by up to 0.25%, and is now offering a 60% LTV ten-year fixed rate at 2.99%.

16 Jun 2016

Kevin Paterson: The rise of the machines

Kevin Paterson: The rise of the machines

Is the growing adoption of robo-advice the first step to seeing brokers annihilated and artificial intelligence taking over, dominating the world of financial services?

15 Jun 2016

Nationwide joins ABI as associate member

Nationwide joins ABI as associate member

Nationwide Building Society has become the ABI’s latest associate member.

15 Jun 2016

 

TBMC launches BTL tracker with Axis Bank

TBMC launches BTL tracker with Axis Bank

TBMC has launched a new buy-to-let two year variable rate product with Axis Bank which is available for limited companies, HMOs, expats and student lets.

15 Jun 2016

Protection sales soar to three-year high

Protection sales soar to three-year high

Sales of protection products soared in the first quarter of the year, reaching levels not seen since the Q4 2012, according to Equifax Touchstone.

15 Jun 2016

Newcastle launches 1.99% remortgage exclusive

Newcastle launches 1.99% remortgage exclusive

Newcastle Intermediaries has launched a new two-year fixed rate mortgage, available exclusively for re-mortgaging customers.

15 Jun 2016

BTL lending falls 65% month-on-month

BTL lending falls 65% month-on-month

The stamp duty changes on second properties caused an "expected slowdown" in April's house purchase activity, which experienced a 40% fall month-on-month according to CML figures.

15 Jun 2016

Aldermore launches limited edition 3.25% BTL

Aldermore launches limited edition 3.25% BTL

Aldermore has launched a new limited edition rate on its standard buy-to-let product range.

15 Jun 2016

Inaugural FSE Cardiff seminar programme announced

Inaugural FSE Cardiff seminar programme announced

Front Events have today unveiled the seminar programme for the first FSE Cardiff event which will be held at the SSE Swalec Stadium at Sofia Gardens on Wednesday 29th June.

15 Jun 2016

Kensington appoints BDM for London North

Kensington appoints BDM for London North

Kensington Mortgages has appointed Gemma Lang as BDM for its London North region.

15 Jun 2016

Getting Britain building

Getting Britain building

The latest housing figures from the Government are cause for some concern. In the first quarter of 2016, just 35,530 homes began construction, down 9% from the same period last year.

14 Jun 2016

ABI: Brexit won't allow insurers to disregard EU regulation

ABI: Brexit won't allow insurers to disregard EU regulation

The ABI has refuted comments by Lord Flight that leaving the EU would "open the opportunity to reduce excessive regulation".

14 Jun 2016

Old Mutual Wealth rejoins ABI

Old Mutual Wealth rejoins ABI

The Association of British Insurers has confirmed that Old Mutual Wealth is returning to membership, after leaving the trade body in 2008.

14 Jun 2016

Bluestone Mortgages reveals new distribution partnership

Bluestone Mortgages reveals new distribution partnership

Bluestone Mortgages has partnered with network and mortgage club Mortgage Intelligence, which will see Bluestone's products and solutions on offer to all AR and DA mortgage club members.

14 Jun 2016

Inflation remains unchanged at 0.3%

Inflation remains unchanged at 0.3%

CPI rose by 0.3% in the year to May 2016, unchanged from April, according to the latest ONS statistics.

14 Jun 2016

The Right Mortgage adds Enterprise to panel

The Right Mortgage adds Enterprise to panel

The Right Mortgage & Protection Network has appointed Enterprise Finance as Master Broker for specialist finance.

14 Jun 2016

BoE: average mortgage rates fall to new record low

BoE: average mortgage rates fall to new record low

The average interest rate on residential mortgages fell by 6 bps in to 2.63% in Q1 - the lowest rate ever recorded by the Bank of England.

14 Jun 2016

UK HPI: home sales drop 45.2% in April

UK HPI: home sales drop 45.2% in April

The new UK House Price Index (a merger of the Land Registry and ONS HPIs) shows that home sales fell by 45.2% on a monthly basis in April, attributed to slowing demand following the stamp duty changes.

14 Jun 2016

Halifax Intermediaries cuts FTB rates by 0.30%

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Halifax Intermediaries cuts FTB rates by 0.30%

Halifax Intermediaries has reduced rates on its first time buyer mortgage range.

14 Jun 2016

Retirement Advantage scraps affordability assessments on new range

Retirement Advantage scraps affordability assessments on new range

Retirement Advantage's new range of equity release products do not require affordability assessments to be completed as part of the application process.

14 Jun 2016

Former Schroders trader jailed for insider dealing

Former Schroders trader jailed for insider dealing

Damian Clarke, a former equities trader at Schroders Investment Management, has been sentenced to two years imprisonment after pleading guilty to nine counts of insider dealing.

14 Jun 2016

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