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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

FHL completes 95% of cases before SDLT deadline

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FHL completes 95% of cases before SDLT deadline

Foundation Home Loans has reported that over 94% of packaged cases received by the end of January completed or were ready for completion prior to the Stamp Duty deadline.

19 Apr 2016

The Mansfield sees 9.5% mortgage asset growth

The Mansfield sees 9.5% mortgage asset growth

Mansfield Building Society has reported a 9.5% year on year growth in mortgage assets in its annual Report and Accounts for the year ending 31 December 2015.

19 Apr 2016

Winners of the Financial Reporter Awards 2016 announced!

Winners of the Financial Reporter Awards 2016 announced!

Financial Reporter is delighted to announce the winners of its 2016 Awards, which saw you vote in record numbers to support industry excellence.

19 Apr 2016

The Right Mortgage & Protection adds 3mc to panel

The Right Mortgage & Protection adds 3mc to panel

3mc has been appointed to provide a specialist mortgage desk and packaging support service to members of The Right Mortgage & Protection Network.

19 Apr 2016

Together announces record-breaking March

Together announces record-breaking March

Specialist finance provider Together completed £105 million new lending in March 2016, with a total of 697 loans across its range of products which includes first and second charge mortgages, short-term finance, auction finance and commercial loans.

19 Apr 2016

19th April marks Mortgage Freedom Day

19th April marks Mortgage Freedom Day

19 April is this year's UK Mortgage Freedom Day - the day when new borrowers will have earned enough to pay off the annual cost of their mortgage.

19 Apr 2016

Chaseblue Loans appoints former Nemo staff

Chaseblue Loans appoints former Nemo staff

Two staff formerly of Nemo Personal Finance have joined Chaseblue Loans.

18 Apr 2016

Average London deposit hits £127,000

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Average London deposit hits £127,000

The average deposit paid for a Greater London property is nearly three times larger than a home outside the capital, despite deposit sizes as a proportion of purchase prices falling nationally by 1.81% to 25.77%, according to research by My Home Move.

18 Apr 2016

Treasury: Brexit will cause 6% drop in GDP

Treasury: Brexit will cause 6% drop in GDP

Britain will be worse off by £4,300 a year per household if Britain votes to leave European Union, according to the Treasury.

18 Apr 2016

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