Latest News

Monmouthshire BS launches new resi and BTL ranges

Monmouthshire BS launches new resi and BTL ranges

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

24 Aug 2015

Advisers urged to help tackle protection gap

Advisers urged to help tackle protection gap

Cirencester Friendly has urged advisers to help tackle the problem of Britons being unprepared for a long-term, health-enforced absence from work.

24 Aug 2015

Remortgage business sees further drop in Q2

Remortgage business sees further drop in Q2

The number of owner-occupied remortgages declined in the second quarter - down from 35% in Q1 to 32% in Q2. The level of remortgage business has now halved since pre-crisis levels.

24 Aug 2015

Lloyds share sales reach £14.5bn

Latest News

Lloyds share sales reach £14.5bn

The government has sold a further 1% shareholding in Lloyds Banking Group through the trading plan launched in December, taking the total raised for the taxpayer to £14.5 billion and reducing the government's shareholding to below 13%.

24 Aug 2015

Gazumping down 40% as southern demand levels

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Gazumping down 40% as southern demand levels

Despite a shortage of inventory on the UK property market, the number of UK buyers being gazumped has dropped over the last 10 months, according to eMoov.

24 Aug 2015

Access 4 Finance celebrates 3rd anniversary

Access 4 Finance celebrates 3rd anniversary

This week secured loan master broker Access 4 Finance are celebrating the 3rd anniversary of their first completion with Shawbrook Bank.

24 Aug 2015

96% of advisers expect further pension changes

96% of advisers expect further pension changes

As the Government sets out to introduce a new single tier state pension, only 4% of financial advisers think the state pension will remain in its current form in 30 years' time, according to research from Aegon UK.

24 Aug 2015

Housing demand at eleven-year high

Housing demand at eleven-year high

The number of house hunters registered per branch is now at the highest level recorded in eleven years, while available housing also saw a 25% rise, according to research from the NAEA.

24 Aug 2015

Amicus completes £100m mortgage-backed securitisation

Amicus completes £100m mortgage-backed securitisation

Amicus Finance has announced that it has completed a £100m short-term mortgage-backed securitisation.

24 Aug 2015

Masthaven to expand underwriting team

Masthaven to expand underwriting team

Masthaven Finance has announced a recruitment drive to increase its head office underwriting and administration teams.

24 Aug 2015

 

Financial Reporter to curate new seminar theatre at FSE London 2015

Financial Reporter to curate new seminar theatre at FSE London 2015

Following the success of the Financial Reporter and AMI seminar theatre at FSE Manchester, Financial Reporter is delighted to announce that it will host its first independent seminar theatre at the upcoming Financial Services Expo London, which will be held at Old Billingsgate on the 16th and 17th of September.

24 Aug 2015

Rising rents and low mortgage rates save FTBs £670

Rising rents and low mortgage rates save FTBs £670

The cost of buying a home for first-time buyers is now £670 a year lower than renting, according to research by Halifax.

23 Aug 2015

In the Spotlight with Andrew Payton, Hinckley and Rugby Building Society

In the Spotlight with Andrew Payton, Hinckley and Rugby Building Society

We spoke to Andrew Payton, Finance Director at Hinckley and Rugby Building Society, about the challenges of regulation within the industry and the benefits of being a smaller lender.

21 Aug 2015

Tyrie criticises Osborne's Budget analysis

Tyrie criticises Osborne's Budget analysis

Andrew Tyrie MP, Chairman of the Treasury Committee, has written to George Osborne about the distributional analysis accompanying the Summer Budget.

21 Aug 2015

Barclays reduces LTI cap to £175,000

Barclays reduces LTI cap to £175,000

Barclays Mortgages has once again reduced the threshold at which the 5.00 x income multiple cap applies to £175,000.

21 Aug 2015

HMRC: residential transactions drop 4.4% in July

HMRC: residential transactions drop 4.4% in July

The number of residential property transactions decreased by 4.4% between June and July, according to the latest HMRC property transaction statistics.

21 Aug 2015

Santander launches lowest ever FTB range

Santander launches lowest ever FTB range

Santander has significantly reduced three high LTV products in its range to offer its lowest ever rates for first-time buyers.

21 Aug 2015

Number of ISA accounts set to rise 7.5% as confidence grows

Number of ISA accounts set to rise 7.5% as confidence grows

The number of individual savings accounts in the UK market is expected to stabilise after a significant drop in 2013-14, according to a Timetric report.

21 Aug 2015

Contractor Mortgages Made Easy acquires Contractor Financials

Contractor Mortgages Made Easy acquires Contractor Financials

National mortgage broker Contractor Mortgages Made Easy has today announced its acquisition of Contractor Financials Ltd.

21 Aug 2015

August house price sentiment at six-year high

August house price sentiment at six-year high

Households across the UK perceived that the value of their home rose in August - the first rise in the House Price Sentiment Index in August, usually a quieter summer period, seen since 2009.

21 Aug 2015

City price growth at 11 year high

City price growth at 11 year high

City property prices rose by 4.3% in the last 3 months - the highest quarterly growth rate for 11 years, according to the latest Hometrack UK Cities House Price Index.

21 Aug 2015

FCA sees surge of P2P applications

FCA sees surge of P2P applications

The FCA has been hit by a surge of applications from P2P lenders, with over 100 businesses seeking FCA authorisation, according to Bovill, the specialist financial services consultancy.

20 Aug 2015

Smaller firms could struggle to stay compliant under MCD, warns AMI's Sinclair

Smaller firms could struggle to stay compliant under MCD, warns AMI's Sinclair

Speaking at the Financial Reporter networking breakfast this morning, AMI chief Robert Sinclair spoke of his worry that smaller firms would struggle to remain compliant under the new Mortgage Credit Directive rules.

20 Aug 2015

Countrywide appoints Paul Wareham to MD of Surveying

Countrywide appoints Paul Wareham to MD of Surveying

Countrywide plc has appointed Paul Wareham as Managing Director of its Surveying Services division.

20 Aug 2015

Royal London: 7 in 10 withdraw pension as lump sum

Royal London: 7 in 10 withdraw pension as lump sum

69% of 800 Royal London customers who decided to take advantage of the new pension freedoms have chosen to take all of their pension pot as a cash lump sum, meaning that, in most cases, 75% of the cash sum those customers received was subject to an income tax charge.

20 Aug 2015

Accord cuts short term fixed rates

Accord cuts short term fixed rates

Accord Mortgages has reduced the rates on a range of two and three-year fixed rate residential mortgages by 0.10%, with cashback on completion on selected products.

20 Aug 2015

FTBs could face £45,000 deposits "within 10 years"

FTBs could face £45,000 deposits "within 10 years"

Research commissioned by North East-based sales and lettings business KIS has predicted that first time-buyers in the area will need to save deposits of £45,000 within the next 10 years if they want to get a first foot on the property ladder.

20 Aug 2015

Mortgage lending up 9% in July

Mortgage lending up 9% in July

The Council of Mortgage Lenders have estimated that gross mortgage lending reached £22 billion in July, the highest monthly total for seven years.

20 Aug 2015

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