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Firms ordered to pay fee for FCA PPI campaign

Firms ordered to pay fee for FCA PPI campaign

The FCA is planning to launch a consumer communications campaign to raise awareness of the new deadline to make PPI complaints, which will be funded by 18 firms who have received around 90% of all PPI complaints.

26 Nov 2015

Budget 2015
Autumn Statement: Scottish builders demand equal housing commitment

Budget 2015
Autumn Statement: Scottish builders demand equal housing commitment

As George Osborne announced yesterday what he described as the biggest home building programme since the 1970s to help tackle the "growing crisis of home ownership" in England, Scottish builders immediately called for an equal commitment on housing north of the border.

26 Nov 2015

ASTL: bridging growth slows 'significantly' in 2015

ASTL: bridging growth slows 'significantly' in 2015

The Association of Short Term Lenders' latest quarterly figures show that although bridging lending is continuing to grow, the rate of that growth has slowed "quite significantly" over the last year, potentially as a result of criteria relaxing in the mainstream market and bridging lender becoming a little stricter.

26 Nov 2015

Budget 2015
Is a 3% stamp duty rise the 'nail in the coffin' for BTL?

Budget 2015
Is a 3% stamp duty rise the 'nail in the coffin' for BTL?

In today's Autumn Statement, George Osborne announced a 3% increase in stamp duty for buy-to-let properties and second homes from April next year.

25 Nov 2015

Budget 2015
State pension to rise by 2.9%

pensionform.jpg

Budget 2015
State pension to rise by 2.9%

In today's Autumn Statement, Chancellor George Osborne announced that the basic state pension will rise by £3.35 to £119.30 a week from April 2016.

25 Nov 2015

Budget 2015
Osborne extends small business rate relief scheme

Budget 2015
Osborne extends small business rate relief scheme

In today's Autumn Statement, Chancellor George Osborne said pledged to help 600,000 small businesses by extending our small business rate relief scheme for another year.

25 Nov 2015

Budget 2015
£7bn 'affordable housing' programme announced as housing budget doubles

Budget 2015
£7bn 'affordable housing' programme announced as housing budget doubles

In today's Autumn Statement, George Osborne has pledged to double the government's housing budget to over £2 billion per year.

25 Nov 2015

Budget 2015
Stamp duty to increase by 3% for BTL and second homes

Budget 2015
Stamp duty to increase by 3% for BTL and second homes

George Osborne has announced a 3% increase in stamp duty for buy-to-let properties and second homes from April next year.

25 Nov 2015

Budget 2015
Government to launch London Help to Buy scheme

Budget 2015
Government to launch London Help to Buy scheme

In today's Autumn Statement, Chancellor George Osborne has announced a new London Help to Buy scheme.

25 Nov 2015

Half of buyers want return to 100% mortgages

Half of buyers want return to 100% mortgages

Half of homebuyers would welcome a return to 100% loan-to-value mortgages to jump the hurdle of not being able to save a big enough deposit to purchase a home, according to research by Ocean Finance.

25 Nov 2015

 

Brokers: base rate below 3% won't negatively impact market

Brokers: base rate below 3% won't negatively impact market

More than half of brokers who took part in United Trust Bank's most recent survey believe that the Bank of England base rate will have to reach 3% before it has a negative impact on the UK property market.

25 Nov 2015

CML: first-time buyer lending soars in Q3

Mortgages

CML: first-time buyer lending soars in Q3

The latest CML data shows strong first-time buyer lending in all regions in Q3 2015.

25 Nov 2015

Equiniti Pancredit launches loan sourcing solution

Equiniti Pancredit launches loan sourcing solution

Equiniti Pancredit has today announced the launch of Broker Client, an automated secured loan sourcing solution for large brokers that promises to "dramatically raise" the efficiency of their operations.

25 Nov 2015

Gross mortgage borrowing at seven-year high

Gross mortgage borrowing at seven-year high

Gross mortgage borrowing hit £12.9 billion in October, 26% higher than in the same month last year and the largest since August 2008, according to the latest BBA figures.

25 Nov 2015

Brightstar hits £1 billion lending mark

Brightstar hits £1 billion lending mark

Brightstar has achieved £1 billion worth of lending in four years, having achieved its half a billion just 15 months ago in July 2014.

25 Nov 2015

Barclays launches new fixed rate range

Barclays launches new fixed rate range

Barclays has cut rates across its 2 and 5 year residential fixed rates, and is increasing the maximum loan size on its premier products from £1m to £1.5m.

25 Nov 2015

GE Money completes mortgage portfolio sale

GE Money completes mortgage portfolio sale

GE Capital has sold a portfolio of mortgage loans from its UK Home Lending business, worth around $5.9 billion, to Blackstone, TPG Special Situations Partners, and CarVal Investors.

24 Nov 2015

NatWest increases New Build incentive to 5%

NatWest increases New Build incentive to 5%

NatWest Intermediary Solutions has increased the maximum limit of builders' incentives allowable on New Build properties from 2% of a property's purchase price to 5%.

24 Nov 2015

Forex trader's 10-year prison sentence upheld

Forex trader's 10-year prison sentence upheld

The Court of Appeal has upheld a sentence of 10 years imprisonment imposed on Phillip Harold Boakes following his conviction on 6 March 2015 on charges prosecuted by the FCA.

24 Nov 2015

Make quality count in 2016

Make quality count in 2016

For anyone involved in the general insurance market it will be impossible to look back at 2015 without commenting on one huge - and hugely negative - development.

24 Nov 2015

NatWest raises loan to income maximums

NatWest raises loan to income maximums

NatWest Intermediary Solutions is raising the loan to income maximum on mortgages less than 75% LTV from 4.45 to 4.85 times income, and from 4.45 to 4.75 times income on mortgages between 75% and 85% LTV.

24 Nov 2015

Atom Bank secures £45m investment ahead of launch

Atom Bank secures £45m investment ahead of launch

Spanish bank BBVA has invested £45m on a 29.5% stake in Atom Bank in its final capital raise before launch.

24 Nov 2015

Bridgewater's Chris Prior joins Bower Retirement

Bridgewater's Chris Prior joins Bower Retirement

Bower Retirement Services is focusing on expansion and further growth in the South East and London with the appointment of Chris Prior as Partnerships Manager.

24 Nov 2015

The Mortgage Hut opens new headquarters

The Mortgage Hut opens new headquarters

The Mortgage Hut has officially opened its new headquarters just four years after the company was started in the bedroom of its founder, Chris Schutrups.

24 Nov 2015

Monthly remortgage growth at six-year high

Monthly remortgage growth at six-year high

The value of monthly gross remortgage lending has risen to £6.1bn in October, 20% higher than September's CML figure of £5.1bn, according to the latest figures from LMS.

24 Nov 2015

Aldermore to launch Help to Buy ISA

Aldermore to launch Help to Buy ISA

Aldermore will launch a Help to Buy ISA, under the Government's scheme, on Tuesday 1 December 2015.

24 Nov 2015

Paragon doubles BTL lending to £1.33bn

Paragon doubles BTL lending to £1.33bn

During 2015, Paragon's buy-to-let lending totalled £1.33 billion - representing a 102% increase on last year, according to its results for the year ending 30 September 2015.

24 Nov 2015

Accord launches limited edition 90% LTV range

Accord launches limited edition 90% LTV range

Accord Mortgages has reduced its residential rates by up to 0.30% across its two-year fixed rate 90% LTV range, with some mortgages including £250 cash back on completion and a free standard valuation.

24 Nov 2015

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