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February house purchase lending hits nine-year high

February house purchase lending hits nine-year high

Home-owners borrowed £8.7bn for house purchase in February - up 4% month-on-month and 21% year-on-year, according to the latest CML figures.

13 Apr 2016

Conveyancing Association to launch legal indemnity insurance service

Conveyancing Association to launch legal indemnity insurance service

The Conveyancing Association has announced a new partnership with DUAL Asset Underwriting which allows conveyancing firms to arrange legal indemnity insurance for residential transactions.

13 Apr 2016

FCA to restructure IPO process in competition drive

FCA to restructure IPO process in competition drive

An FCA study has found evidence that some banks may seek to reward favoured investor clients when allocating shares in an IPO.

13 Apr 2016

Younger savers choose fintech over ISAs

Younger savers choose fintech over ISAs

With the average interest rate on ISAs down 46% over the last five years, the appeal of alternative finance and investment vehicles is growing - particularly among younger generations, according to research from eToro.

13 Apr 2016

Mortgage costs drop by up to 10% in Q1

Mortgage costs drop by up to 10% in Q1

The majority of residential and buy-to-let mortgages have come down in cost over the past three months, according to Mortgage Brain analysis.

12 Apr 2016

Law firm joins ASTL as associate member

Law firm joins ASTL as associate member

Shakespeare Martineau LLP is the latest law firm to join the Association of Short Term Lenders as an associate member.

12 Apr 2016

Five reasons you should vote in the #FRAwards16!

Five reasons you should vote in the #FRAwards16!

Voting for our seventh annual Financial Reporter Awards closes at midnight on Friday.

12 Apr 2016

The Source appoints North-based BDM

The Source appoints North-based BDM

Source Insurance has appointed David Carr as Business Development Manager for the North region.

12 Apr 2016

1 in 4 say they will invest more this year

1 in 4 say they will invest more this year

New research from Willis Owen has found that almost a quarter of people across the UK have made plans to save and invest more this year than they did last year.

12 Apr 2016

FCA bans former RBS worker for LIBOR manipulation

FCA bans former RBS worker for LIBOR manipulation

The Financial Conduct Authority has announced today that it has banned former RBS worker, Paul White, from performing any function in relation to any regulated financial activity. Although the FCA publicly censured him, they stopped short of fining him £250k due to his dire financial situation.

12 Apr 2016

 

ONS: South East leads the way for house price rises

ONS: South East leads the way for house price rises

The latest figures to be released from The Office for National Statistics have shown that UK house prices increased by 7.6% in the year to February 2016, down from 7.9% in the year to January 2016.

12 Apr 2016

Retirement advisers fear SIPP providers will fall short

Retirement advisers fear SIPP providers will fall short

More than two out of five retirement advisers are concerned that a SIPP provider they use won't be able to meet September's capital adequacy requirements, new research from Momentum Pensions, international pension specialist and independent pension trustee, shows.

12 Apr 2016

SortRefer adds new conveyancers to panel

SortRefer adds new conveyancers to panel

Online conveyancing portal SortRefer has announced the expansion of its select conveyancing panel to improve choice and maintain service standards in the wake of increasing levels of new business.

12 Apr 2016

Inflation rises to 0.5%: ONS

Inflation rises to 0.5%: ONS

UK inflation as measured by the Consumer Prices Index rose to 0.5% in March, according to the Office for National Statistics.

12 Apr 2016

Wonga to borrow £25m in revival attempt

Wonga to borrow £25m in revival attempt

Wonga is taking on nearly £25m of new debt to fund new loans and provide additional working capital.

11 Apr 2016

Countrywide acquires mortgage advice firm

Countrywide acquires mortgage advice firm

Countrywide is enhancing its focus on the residential development mortgage market with the acqusition of Mortgage Bureau.

11 Apr 2016

Search Acumen to offer new legal indemnity tool

Search Acumen to offer new legal indemnity tool

Search Acumen will offer its clients access to My Legal Indemnity Shop - a new tool which allows conveyancers to source quotes and combine policies for legal indemnity insurance.

11 Apr 2016

Govt: firms to be liable for employee tax evasion

Govt: firms to be liable for employee tax evasion

For the first time, companies will be held criminally liable if they fail to stop their employees from facilitating tax evasion.

11 Apr 2016

New Street completes first 5-day application

New Street completes first 5-day application

New Street Mortgages has issued a mortgage offer within 5 business days for the first time since launching in February.

11 Apr 2016

Kensington returns to distribution with Brightstar

Kensington returns to distribution with Brightstar

Brightstar Financial has become the first specialist distributor to add Kensington to its lending panel.

11 Apr 2016

Aegon to sell £6bn annuity portfolio

Aegon to sell £6bn annuity portfolio

Rothesay Life has entered into an agreement to purchase a £6bn annuity portfolio from Aegon in one of the largest transactions of its type in the UK.

11 Apr 2016

Sam Woods to replace Bailey as BoE Deputy Governor

Sam Woods to replace Bailey as BoE Deputy Governor

HM Treasury has today announced its decision to appoint Sam Woods as Deputy Governor for Prudential Regulation and Chief Executive of the PRA.

08 Apr 2016

In the Spotlight with Jeff Davidson, Fluent Money

In the Spotlight with Jeff Davidson, Fluent Money

We spoke to Jeff Davidson, Head of Business Development at Fluent Money, about the future of the second charge market and the challenges posed by regulation.

08 Apr 2016

The growing pains of the UK's challenger banks

The growing pains of the UK's challenger banks

The UK's big banks have had a tough start to the year, with fears relating to global economic slowdown, the impact of the huge fines imposed by the FCA and the threat of more big regulatory changes all taking their toll.

08 Apr 2016

Aegon calls for blanket early state pension access

Aegon calls for blanket early state pension access

Aegon believes that all individuals should have the choice of taking their state pension from their early 60s at a reduced level.

08 Apr 2016

Flood Re: a good first step

Flood Re: a good first step

After much discussion and delays Flood Re finally confirmed it will go live on April 4th now that it has been authorised by the Prudential Regulation Authority and the Financial Conduct Authority.

08 Apr 2016

80% of advisers unsatisfied with pension innovation

80% of advisers unsatisfied with pension innovation

Just one in five advisers are satisfied with the current range of retirement income and saving solutions, according to MetLife.

08 Apr 2016

FTB surge boosts housing market growth

FTB surge boosts housing market growth

A surge in first-time buyer activity has led to increased growth in the property market in March, according to Connells Survey & Valuation.

08 Apr 2016

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