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HSBC profits up 10% following Brazil exit

HSBC profits up 10% following Brazil exit

HSBC have announced that its H1 profit before tax is up 10% at $13,628m compared with $12,340m in the same period in 2014.

03 Aug 2015

Halifax launches instant online AIP

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Halifax launches instant online AIP

Halifax has launched a mobile Agreement in Principle tool which enables customers to receive an instant lending decision while they are on the move in less than fifteen minutes.

03 Aug 2015

PRA takes action following FSCS depositor protection drop

PRA takes action following FSCS depositor protection drop

The Prudential Regulation Authority is introducing new rules to ensure depositors who may experience a decrease in the level of protection following the change to the FSCS deposit protection limit are given the opportunity to adjust to the new limit, without incurring any penalty or loss of interest.

31 Jul 2015

In the Spotlight with Mark Riddick, Chairman of Search Acumen

In the Spotlight with Mark Riddick, Chairman of Search Acumen

We spoke to Mark Riddick, Chairman of Search Acumen, about the importance of technological developments within the industry, and the relationship between estate agents and conveyancers.

31 Jul 2015

Intelliflo's John Penn joins Twenty7Tec

Intelliflo's John Penn joins Twenty7Tec

Twenty7Tec, provider of online mortgage and secured loan sourcing systems, has today announced the appointment of John Penn as the company's new Product Manager for its MortgageApply platform.

31 Jul 2015

FCA appoints Christopher Woolard to Board

FCA appoints Christopher Woolard to Board

The Financial Conduct Authority has appointed Director of Strategy and Competition, Christopher Woolard, to its Board.

31 Jul 2015

Lloyds sets aside further £1.4bn in PPI provisions

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Lloyds sets aside further £1.4bn in PPI provisions

Lloyds Banking Group increased the provision for expected PPI costs by a further £1.4 billion in the first half of 2015, compared to £863m the previous year.

31 Jul 2015

The Coventry launches 2.35% five-year fix

The Coventry launches 2.35% five-year fix

Coventry for Intermediaries has launched a new five-year fixed rate residential mortgage range, with rates starting from 2.35%.

31 Jul 2015

FTB transactions see 27% annual drop

FTB transactions see 27% annual drop

There were 21,100 first-time buyer completions in June 2015, 7% lower than 22,700 in May and 27.2% lower than a year ago.

31 Jul 2015

Less than 10% of prospective FTBs to buy in 2015

Less than 10% of prospective FTBs to buy in 2015

Despite making large compromises on quality and serious cutbacks to save for a home, the proportion of tenants expecting to buy by the end of the year has halved compared to a year ago to less than 10%.

31 Jul 2015

 

The Coventry announces record mortgage growth

The Coventry announces record mortgage growth

The Coventry have announced 'record mortgage growth' for H1, with mortgage assets up 13% on June 2014 and record advances of £4.2 billion, up 25% on the same period in 2014.

31 Jul 2015

BoE Executive Director seconded to FCA

BoE Executive Director seconded to FCA

Megan Butler, Executive Director of International Banks Directorate at the Bank of England, will undertake a twelve month secondment at the Financial Conduct Authority as Director of Supervision - Investment, Wholesale & Specialists.

30 Jul 2015

Bank of Ireland acquires Lloyds loan portfolio

Bank of Ireland acquires Lloyds loan portfolio

Bank of Ireland is set to acquire a commercial loan portfolio from Lloyds Banking Group.

30 Jul 2015

Kevin Paterson: The Consumer Rights Act, a new FCA chief, and a loss of faith

Kevin Paterson: The Consumer Rights Act, a new FCA chief, and a loss of faith

Kevin Paterson's Expert Opinion this week covers the Consumer Rights Act, a change in leadership at the regulator, and a loss of good faith.

30 Jul 2015

Treasury begins consultation on "excessive" pension exit fees

Treasury begins consultation on "excessive" pension exit fees

The Treasury has today announced that it will launch an immediate consultation on whether exit charges could be cut or capped for those looking to access their pensions early, and to ask pensioners and industry experts how to remove other barriers that may be stopping people enjoying the benefits of increased flexibility over their pension pot.

30 Jul 2015

The Lending Channel expands BDM team

The Lending Channel expands BDM team

The Lending Channel, formerly Blimey Loans, has appointed Martin Gallagher as its new Scottish BDM.

30 Jul 2015

HSBC cuts rates across resi range

HSBC cuts rates across resi range

HSBC has cut rates by up to 0.4% on its residential mortgage range.

30 Jul 2015

HSBC announces partnership with London & Country

HSBC announces partnership with London & Country

HSBC has partnered with London & Country, its second mortgage broker agreement since its partnership with Countrywide last year.

30 Jul 2015

FCA bans former Rabobank trader following LIBOR fraud

FCA bans former Rabobank trader following LIBOR fraud

The Financial Conduct Authority has banned Lee Stewart, a former trader at Rabobank, from the UK financial services industry for lacking honesty and integrity following a criminal conviction for fraud in the US.

30 Jul 2015

RBS announces Q2 profit despite £153m H1 loss

RBS announces Q2 profit despite £153m H1 loss

The Royal Bank of Scotland has reported a loss of £153 million in the first half of 2015, including £1,503 million of restructuring costs and £1,315 million of litigation and conduct costs.

30 Jul 2015

The Mansfield strengthens management team

The Mansfield strengthens management team

The Mansfield Building Society has announced the appointment of Richard Crisp to the Society's management team as Commercial Development Executive.

30 Jul 2015

Translating service levels to business growth

Translating service levels to business growth

Here's an interesting exercise for anyone who runs or manages a firm: looking at the next 12 months write down what your top five priorities are for the business.

29 Jul 2015

Platform reduces high-LTV rates

Platform reduces high-LTV rates

Platform, the intermediary lender of The Co-operative Bank, has revised its mainstream mortgage range available to brokers.

29 Jul 2015

Virgin's profits boosted by 44% rise in mortgage lending

Virgin's profits boosted by 44% rise in mortgage lending

Virgin Money's underlying profit rose by 37% to £81.8 million in H1 2015, boosted by a 44% increase in gross mortgage lending.

29 Jul 2015

FCA: firms still failing to manage benchmark risks

FCA: firms still failing to manage benchmark risks

The FCA has said that firms have not learnt their lessons from the Libor and Forex scandals, and that improvement has been uneven across the industry, often lacking the "urgency required given the severity of recent failings".

29 Jul 2015

Remortgage equity hits record high as falling rates continue

Remortgage equity hits record high as falling rates continue

The average amount of equity withdrawn by remortgaging hit a record high of £34,500 per borrower, as borrowers were spurred to remortgage by record low rates and much improved affordability.

29 Jul 2015

Two-thirds of secured loans used to consolidate debt

Two-thirds of secured loans used to consolidate debt

Clever Lending are seeing 61% of their secured loan cases being used for debt consolidation.

29 Jul 2015

BoE: approvals exceeed expectations in June

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BoE: approvals exceeed expectations in June

The number of mortgage approvals rose to 66,582 in June, beating economists' expectations, according to the latest Bank of England Money and Credit report.

29 Jul 2015

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