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TSB profits drop 44% in H1

TSB profits drop 44% in H1

TSB has revealed a 20% drop in pre-tax profits to £44m, and a 44% drop in statutory profits to £23.2m in H1 2015.

23 Jul 2015

FCA announces savings account reforms

FCA announces savings account reforms

The FCA is introducing a series of new rules that will force firms to provide clear information on the interest rates on their cash savings products as well as clearly alerting consumers to changes in interest rates or the end of an introductory rate for example.

23 Jul 2015

Retirees own £300bn in property wealth

Retirees own £300bn in property wealth

Over 55s are sitting on more than £300bn in property wealth which could be accessed via equity release to provide funds in retirement, according to Retirement Advantage.

22 Jul 2015

F&TRC launches life insurance product ratings

F&TRC launches life insurance product ratings

F&TRC has announced the launch of its new product ratings service to help advisers understand which providers are offering the most suitable and comprehensive protection recommendations for their clients.

22 Jul 2015

Chaseblue announces expansion plans

Chaseblue announces expansion plans

Following a recent office move to new larger premises, South Wales-based Chaseblue Loans has embarked on a recruitment drive, strengthening its broker manager and administration support teams from 7 to 14.

22 Jul 2015

Leeds BS launches fee-free remortgage range

Leeds BS launches fee-free remortgage range

Leeds Building Society has extended its range of interest only mortgages with two new fee-free deals for remortgages.

22 Jul 2015

TFC appoints chief technical officer

TFC appoints chief technical officer

Specialist Distributor TFC Homeloans has appointed Dan Brown as chief technical officer.

22 Jul 2015

MPC: Greek uncertainty holds Bank Rate

MPC: Greek uncertainty holds Bank Rate

All members of the Monetary Policy Committee voted to hold Bank Rate at 0.5% at the most recent meeting.

22 Jul 2015

Remortgage equity hits record high

Remortgage equity hits record high

The latest figures from LMS reveal the average amount of equity withdrawn from remortgaging per customer rose to £34,505 in June, a 28% rise from May and the highest amount ever recorded.

22 Jul 2015

Latest data shows 1 in 4 switch to Halifax

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Latest data shows 1 in 4 switch to Halifax

Official figures released today by BACS, have found that Halifax has remained one of the most switched to banks on the high street. According to the report, one in every four switchers during last year chose the bank.

22 Jul 2015

 

Positive Lending's platform hits £100m in applications

Positive Lending's platform hits £100m in applications

360 Sourcing, the secured loan sourcing platform powered by specialist packager Positive Lending, has originated in excess of £100million since launch in April 2015.

21 Jul 2015

Right to Buy extension faces setback

Right to Buy extension faces setback

Goverment plans to extend Right to Buy to housing association tenants have been hindered after peers voted in favour of an amendment which states that charities should "not be compelled to use or dispose of their assets in a way which is inconsistent with their charitable purposes".

21 Jul 2015

A nation of shopkeepers and renters

A nation of shopkeepers and renters

Following on from my blog the other week, proceedings - although very slow - seem to be moving forward. For those that haven't read my last blog, I am buying a new house.

21 Jul 2015

Bank of England reforms announced

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Bank of England reforms announced

George Osborne has announced that the government will bring forward a Bank of England Bill this autumn to improve the Bank of England's governance and accountability.

21 Jul 2015

Stonebridge recruits AR firm

Stonebridge recruits AR firm

Stonebridge Group has announced the recruitment of a Midlands-based advisory practice, Green & Co Financial Services, joining as an appointed representative firm.

21 Jul 2015

Precise and Paragon lead the way in securitisations

Precise and Paragon lead the way in securitisations

Precise Mortgages announced last week the launch and price of their buy-to-let residential mortgage backed securities (RMBS) deals.

21 Jul 2015

Just Retirement adopts adviser tech

Just Retirement adopts adviser tech

Just Retirement has announced that it has deployed vScreen from Vizolution to enable their account managers to more fully engage with intermediaries.

21 Jul 2015

HMRC: property sales see post-election bounce

HMRC: property sales see post-election bounce

The latest HMRC Property Transactions figures show that the number of residential property transactions increased by 4.7% between May 2015 and June 2015 - 3.2% higher compared with the same month last year.

21 Jul 2015

CEBR triples house price growth prediction

CEBR triples house price growth prediction

The Centre for Economics and Business Research has tripled its house price forecast for 2015 from 1.5% to 4.7%.

21 Jul 2015

FCA rules trigger drop in payday loan complaints

FCA rules trigger drop in payday loan complaints

Citizens Advice have reported a steady decline in payday loan problems since the Financial Conduct Authority introduced new rules for payday lenders in April 2014.

21 Jul 2015

Barclays to drop Woolwich brand

Barclays to drop Woolwich brand

Barclays will drop its intermediary mortgage lending brand, Woolwich, and rebrand to Barclays Mortgages.

21 Jul 2015

Andy Gray set to leave Barclays

Andy Gray set to leave Barclays

Managing Director of Mortgages at Barclays, Andy Gray, is set to leave the company after 18 years.

20 Jul 2015

An improving remortgage market: Barclays quarterly review

An improving remortgage market: Barclays quarterly review

When embarking upon a review of the remortgage market for Q2 2015 it’s inevitable that we also have to reflect on activity slightly earlier in the year to not only maintain some perspective but due to the fact that this period offers the ability to chew on a raft of statistical data.

20 Jul 2015

Self-employed: Why all the excitement?

Self-employed: Why all the excitement?

The self-employed sector seems to be flavour of the month in the mortgage market at the moment.

20 Jul 2015

Aegon launches guaranteed drawdown product

Aegon launches guaranteed drawdown product

Aegon has launched Secure Retirement Income to provide an alternative to an annuity or flexi access drawdown.

20 Jul 2015

Is property still an attractive investment opportunity?

Is property still an attractive investment opportunity?

The housing market is on the rise with a small summer bounce, particular in the buy to let sector.

20 Jul 2015

Former Sesame CEO joins RBS/NatWest

Former Sesame CEO joins RBS/NatWest

George Higginson has joined the RBS/NatWest mortgage business.

20 Jul 2015

Monmouthshire BS launches two year discount range

Monmouthshire BS launches two year discount range

Monmouthshire Building Society has launched a new range of two year discount house purchase and remortgage products.

20 Jul 2015

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