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United Trust Bank increases lending by 48%

United Trust Bank increases lending by 48%

United Trust Bank has reported a 67% increase in profits after tax to £12.3m and a lending increase of 48% to £434m in 2015.

14 Mar 2016

LendInvest to move into mainstream BTL market

Christian Faes - Montello

LendInvest to move into mainstream BTL market

LendInvest has completed a £17 million equity investment from Atomico, the venture capital firm founded by the co-founder of Skype.

14 Mar 2016

FAMR: key recommendations and industry responses

FAMR: key recommendations and industry responses

The Financial Advice Market Review, released today, has made 28 recommendations to the Government, FCA, and the industry, intended to tackle the barriers to consumers accessing advice.

14 Mar 2016

FAMR proposes early pension access to pay for advice

FAMR proposes early pension access to pay for advice

The Financial Advice Market Review, released today, has recommended the development of a 'pensions dashboard', and allowing consumers early access to a small part of their pension pot to "redeem against the cost of pre-retirement advice".

14 Mar 2016

Santander increases Help to Buy ISA rate to 4%

Santander increases Help to Buy ISA rate to 4%

Santander is increasing the interest rate on its Help to Buy ISA to 4.00% to match Halifax, who currently offers the highest rate on the market.

11 Mar 2016

Self-cert - the return of unregulated lending?

Self-cert - the return of unregulated lending?

The launch of selfcert.co.uk, the 9,000 enquiries it is reported to have received, and its decision to suspend lending within days has been widely discussed across both financial and mainstream press.

11 Mar 2016

CML appoints TSB director as new chair

CML appoints TSB director as new chair

Carol Anderson, Scotland branch & business banking distribution director at TSB Bank, will replace Linda Docherty of Clydesdale Bank as new chair of the CML in Scotland.

11 Mar 2016

Openwork appoints Chief Operating Officer

Openwork appoints Chief Operating Officer

Openwork has announced the appointment of Neil Milner as Chief Operating Officer.

11 Mar 2016

Help to Buy schemes see 150,000 completions

Help to Buy schemes see 150,000 completions

Since the launch of the Help to Buy equity loan and mortgage guarantee schemes in 2013, over 150,000 completions under the scheme have taken place, with 80% having been made by first-time buyers.

11 Mar 2016

Metro Bank floats with £1.6bn valuation

Metro Bank floats with £1.6bn valuation

Metro Bank has floated on the London Stock Exchange with a market valuation of £1.6bn.

11 Mar 2016

 

46% disagree with female state pension changes

46% disagree with female state pension changes

Almost half (46%) of Brits disagree with the change of state pension age for women.

11 Mar 2016

Mortgage Advice Bureau expands into Northern Ireland

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Mortgage Advice Bureau expands into Northern Ireland

Mortgage Advice Bureau has announced the opening of its first branch in Northern Ireland.

11 Mar 2016

Pension providers infringing competition law: FCA

Pension providers infringing competition law: FCA

The FCA says it has uncovered competition concerns with some pension providers.

11 Mar 2016

February sees surge in small-deposit lending

February sees surge in small-deposit lending

February saw a rise in small-deposit lending (to buyers with a deposit worth 15% or less of their properties' total value), with 11,429 of such loans granted approval - up 5.7% month-on-month and 9.1% annually.

11 Mar 2016

Sesame launches exclusives via Virgin Money

Sesame launches exclusives via Virgin Money

Sesame has launched two exclusive fixed rate products to appointed representatives of its network via Virgin Money.

11 Mar 2016

Old Mutual announces separation plans

Old Mutual announces separation plans

Old Mutual has today announced plans to separate its business into four units: Old Mutual Emerging Markets, Old Mutual Wealth, Nedbank Group and OM Asset Management.

11 Mar 2016

Uinsure hires BDM for Scotland and NI

Uinsure hires BDM for Scotland and NI

GI provider Uinsure has appointed a new Business Development Manager for Scotland and Northern Ireland.

10 Mar 2016

RICS: housing market to slow after BTL surge

RICS: housing market to slow after BTL surge

The UK housing market is set to slow down over the next three months following a short-term rush on buy-to-let properties ahead of the stamp duty changes, according to RICS.

10 Mar 2016

ECB cuts benchmark interest rate to 0%

ECB cuts benchmark interest rate to 0%

The European Central Bank has cut its benchmark interest rate from 0.05% to 0%, with UK experts already predicting that the decision 'is likely to impact on the UK base rate'.

10 Mar 2016

Industry Marathon runners host charity casino night

Industry Marathon runners host charity casino night

Barcadia Media Director James Lucas - alongside James Prosser (Front Events), Peter Izard (Investec Bank) and Jeff List (Brightstar) - will be running the London Marathon on 24 April 2016 to raise money for national Children's charity WellChild.

10 Mar 2016

CML: Remortgage lending at seven-year high

CML: Remortgage lending at seven-year high

Remortgage and buy-to-let activity soared in January, while home-owner and home mover activity saw a seasonal dip, according to the CML.

10 Mar 2016

FCA refuses authorisation of debt management firm

FCA refuses authorisation of debt management firm

The FCA is writing to 16,000 customers of debt management firm PDHL, which has been refused authorisation and can no longer carry on regulated debt management activities.

10 Mar 2016

Aldermore lending figures fuel 88% profit rise

Aldermore lending figures fuel 88% profit rise

Aldermore has reported a 88% rise in profit before tax to £95m in 2015 fuelled by a 28% in net lending to £6.1bn.

10 Mar 2016

Pension experts launch DB taskforce

Pension experts launch DB taskforce

A Taskforce to tackle the problems faced by defined benefit pension schemes has been launched and will be chaired by Ashok Gupta, former deputy chair of the Bank of England's Procyclicality Working Group.

10 Mar 2016

more 2 life reports 39% application surge

more 2 life reports 39% application surge

more 2 life has reported record lending figures for 2015, driven by a 39% surge in applications for its equity release range.

10 Mar 2016

Budget 2016 - what do industry experts predict?

Budget 2016 - what do industry experts predict?

With less than a week to go until Chancellor George Osborne's Budget, and a delay on further pension reforms seemingly confirmed, what changes can the industry expect to see announced?

10 Mar 2016

BTL surge doubles monthly house price growth

BTL surge doubles monthly house price growth

Average property prices rose by 0.8% (£2,277) on a monthly basis in February - double the rise seen in January.

10 Mar 2016

UBS & Deutsche Bank lose tax avoidance case

UBS & Deutsche Bank lose tax avoidance case

HMRC has shut down a scheme used by UBS and Deutsche Bank designed to avoid around £135 million in tax.

09 Mar 2016

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