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Positive Commercial Finance appoints BDM

Positive Commercial Finance appoints BDM

Positive Commercial Finance has appointed Samantha Williamson as Business Development Manager, following a sustained period of growth for the brokerage.

08 Jun 2015

Deutsche Bank CEOs resign following Libor scandal

Deutsche Bank CEOs resign following Libor scandal

Deutsche Bank's co-chief executives, Anshu Jain and Jürgen Fitschen, announced in "an extraordinary meeting" yesterday that they would step down.

08 Jun 2015

Complete FS strengthens broker support

Complete FS strengthens broker support

Complete FS, the South Coast based packager distributor, has appointed Tammy Clark and Andy Ingram to its Hampshire based team.

08 Jun 2015

Conveyancing transactions fall 16% in Q1

Conveyancing transactions fall 16% in Q1

The number of conveyancing transactions fell 16% in Q1 compared with Q4 2014, according to the Conveyancing Market Tracker from Search Acumen.

08 Jun 2015

Report shows generational gap in housing market optimism

Report shows generational gap in housing market optimism

There is a wide disconnect between prospective first-time buyers and their parents with regards to their perception of the first-time buyer market, according to Halifax.

08 Jun 2015

FCA publishes final buy-to-let MCD rules

FCA publishes final buy-to-let MCD rules

The Financial Conduct Authority has published the final rules on how it plans to regulate the buy-to-let market when the Mortgage Credit Directive takes effect in 2016.

05 Jun 2015

In the Spotlight with David Hollingworth, London & Country

In the Spotlight with David Hollingworth, London & Country

We spoke to David Hollingworth, Associate Director of Communications at London & Country Mortgages, about the benefits of the intermediary channel and the consequences of a Bank Rate rise.

05 Jun 2015

BoE appoints banking executive

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BoE appoints banking executive

The Bank of England has appointed Andrew Hauser as Executive Director for Banking, Payments and Financial Resilience, effective from 1 September 2015.

05 Jun 2015

Why the mutual sector is firmly on the front foot

Why the mutual sector is firmly on the front foot

Last month I attended the Building Societies Association Conference in Harrogate and the event itself went a long way to explaining why the mutual sector has not just survived the recent financial upheavals in both the world and UK economies but is now firmly on the front foot.

05 Jun 2015

Chelsea BS launches 0.98% tracker

Chelsea BS launches 0.98% tracker

Chelsea Building Society has today launched a base rate tracker with a current sub 1.00% rate of 0.98%, which is believed to be the lowest rate currently on sale.

05 Jun 2015

 

FCA announces new executive roles

FCA announces new executive roles

The Financial Conduct Authority has announced the appointments of two key executive roles, with Mark Steward becoming the new Director of Enforcement and Market Oversight and Barbara Frohn the new Director of Risk and Compliance Oversight.

05 Jun 2015

Fitch and Moody's announce further upgrades for Skipton

Fitch and Moody's announce further upgrades for Skipton

Skipton Building Society has received two assessments of its business from global credit rating agencies Fitch and Moody’s.

05 Jun 2015

Lloyds settles on record £117m FCA fine

Lloyds settles on record £117m FCA fine

The Financial Conduct Authority has issued its largest ever retail fine of £117m to Lloyds Banking Group for failing to treat their customers fairly when handling PPI complaints between March 2012 and May 2013.

05 Jun 2015

HTB1 completions down 43% in Q1

HTB1 completions down 43% in Q1

The Government’s Help to Buy equity loan scheme for new-build properties has seen five consecutive months of completions declining year-on-year.

05 Jun 2015

Second Steppers sitting on £87k equity boost

Second Steppers sitting on £87k equity boost

A report by Lloyds Bank has revealed that conditions for Second Steppers have significantly improved over the past five years, with most benefiting from an influx of first time buyers and surging house prices which have led to an equity boost.

05 Jun 2015

New guidance for payday loan ads revealed

New guidance for payday loan ads revealed

The Committee of Advertising Practice - independently administered by the ASA - has published new Guidance to bolster the rules that prevent ads trivialising the serious nature of taking out short-term high-cost loans.

04 Jun 2015

Virgin Money reduces rates across mortgage range

Virgin Money reduces rates across mortgage range

Virgin Money has announced a number of rate cuts to its residential and buy-to-let mortgage ranges.

04 Jun 2015

HSBC fined record £27.8m in money laundering case

HSBC fined record £27.8m in money laundering case

HSBC has been fined 40 million Swiss francs (£27.8m) by the Geneva authorities for helping wealthy UK customers to avoid paying taxes and laundering money from illicit sources in the bank’s Swiss subsidiary.

04 Jun 2015

Natwest Intermediary launches 1.93% 3 year fix

Natwest Intermediary launches 1.93% 3 year fix

From tomorrow, NatWest Intermediary Solutions is reducing rates on its 3 year fixed rate deals, bringing its 60% LTV mortgage down to 1.93%.

04 Jun 2015

The Mansfield appoints new Chairman and Director

The Mansfield appoints new Chairman and Director

The Mansfield Building Society has announced the appointment of Jeremy Cross as Chairman and Colin Bradley as a Non-Executive Director following the retirement of outgoing Chairman, Nigel Tamplin.

04 Jun 2015

BoE holds base rate at 0.5%

BoE holds base rate at 0.5%

The Bank of England’s Monetary Policy Committee at its meeting on 3 June voted to maintain Bank Rate at 0.5%.

04 Jun 2015

Jerrold Holdings announces exec shake-up

Jerrold Holdings announces exec shake-up

The Board of Directors of Jerrold Holdings, parent company of Blemain, have announced two executive resignations.

04 Jun 2015

FCA to fine Lloyds record £100m

Latest News

FCA to fine Lloyds record £100m

Lloyds is expected to be hit with a fine of at least £100m for failings in its PPI complaint handling processes.

04 Jun 2015

FTBs make up 26% of April sales

FTBs make up 26% of April sales

A quarter (26%) of house sales were made to first time buyers in April, up from 22% in March, according to the National Association of Estate Agents' April Housing Market Report.

04 Jun 2015

Precise expands conveyancer panel

Precise expands conveyancer panel

Precise Mortgages has expanded its conveyancer panel as a result of feedback from brokers and borrowers.

04 Jun 2015

Friends Life withdraws flexible drawdown option

Friends Life withdraws flexible drawdown option

After previously announcing that it would offer flexible drawdown to customers following the pension reforms in April, Friends Life has reversed its decision.

04 Jun 2015

TSB Intermediary adds two networks to panel

TSB Intermediary adds two networks to panel

Two more networks, HomeLoan Partnership and The Online Partnership Group, have joined TSB's broker panel and will now be able to recommend TSB mortgages.

04 Jun 2015

FHL adds TBMC to panel and launches development team

FHL adds TBMC to panel and launches development team

Foundation Home Loans, the new specialist buy-to-let lender, has appointed TBMC as one of its key distributors in the UK.

04 Jun 2015

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