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Shawbrook completes its first regulated bridge

Shawbrook completes its first regulated bridge

Shawbrook Bank has announced the first successful completion on its new regulated bridging mortgage offering, executed via their strategic partner Vantage Finance.

29 Oct 2015

How the Peer-to-Peer industry can prepare for the next downturn

How the Peer-to-Peer industry can prepare for the next downturn

You don't have to be an economist to see the challenges ahead for the world economy. There was gloomy news over the summer as concerns over economic growth led the Chinese government to cut interest rates and devalue the yuan and resulted in panic selling of shares which spread globally.

29 Oct 2015

TISA: ISA-style pensions will destabilise saving

TISA: ISA-style pensions will destabilise saving

TISA, the financial services membership association, is warning that moves towards a pension ISA would be counter-productive as it would destabilise workplace pension saving without offering a superior outcome for savers and would also result in limited future tax revenues.

29 Oct 2015

North West boosts September mortgage sales

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North West boosts September mortgage sales

Residential and buy-to-let mortgage sales increased by 8.7% last month from August 2015, reaching £15.25 billion, according to Equifax Touchstone.

29 Oct 2015

70% of brokers say MCD will have 'no impact'

70% of brokers say MCD will have 'no impact'

When asked what impact the Mortgage Credit Directive would have on let-to-buy business, the majority of intermediaries said they expect no change, according to Paragon Mortgages.

29 Oct 2015

Clydesdale demerger and IPO set for Feb 2016

Clydesdale demerger and IPO set for Feb 2016

National Australia Bank intends to demerge and IPO Clydesdale and Yorkshire Banks in February 2016.

29 Oct 2015

Equity release advisers demand 'more interest-only solutions'

Equity release advisers demand 'more interest-only solutions'

Equity release advisers are urging lenders to launch more solutions for customers struggling with interest-only mortgages, according to research from Bower Retirement Services.

29 Oct 2015

BoE: monthly mortgage lending at seven-year high

BoE: monthly mortgage lending at seven-year high

Net mortgage lending increased by £3.6 billion in September - the biggest net increase since April 2008 according to the latest Bank of England Money and Credit report.

29 Oct 2015

Santander's higher Q3 lending boosted by UK arm

Santander's higher Q3 lending boosted by UK arm

Santander has reported a 5% rise in third-quarter profit to €1.7bn (£1.22bn), driven by strong performances in Santander's three main businesses - the UK, Brazil and Spain.

29 Oct 2015

Can digital technology boost the industry by £8.6bn?

Can digital technology boost the industry by £8.6bn?

Research by Virgin Media Business has estimated that investment in digital technologies could provide an £8.6 billion boost to financial services businesses, as well as creating over 43,000 new jobs.

29 Oct 2015

 

3mc to distribute Paragon's Premier range

3mc to distribute Paragon's Premier range

3mc has become a distributor of Paragon's Premier range of buy-to-let mortgages.

29 Oct 2015

Nationwide: October house prices up 0.6%

Nationwide: October house prices up 0.6%

UK house prices increased by 0.6% in October, with the annual pace of price growth edging up to 3.9% from 3.8% in September, according to the latest Nationwide house price index.

29 Oct 2015

Barclays Q3 profits drop 10%

Barclays Q3 profits drop 10%

Barclays' pre-tax profit fell to £1.43 billion in Q3, compared to £1.59 billion in the same period a year earlier.

29 Oct 2015

CMA clears Just Retirement and Partnership merger

CMA clears Just Retirement and Partnership merger

The CMA has unconditionally cleared the recommended all-share merger of Just Retirement and Partnership Assurance to create JRP Group following its Phase 1 investigation.

28 Oct 2015

Legal & General joins Pepper Homeloans

Legal & General joins Pepper Homeloans

Pepper Homeloans has today announced the addition of Legal & General Mortgage Club to its network of distributors in the UK.

28 Oct 2015

Newcastle Intermediaries launches 2.60% 5 year fix

Newcastle Intermediaries launches 2.60% 5 year fix

Newcastle Intermediaries has launched a 2.60% five year fixed rate mortgage product aimed at residential buyers who have a larger loan size.

28 Oct 2015

Broker Conveyancing: quarterly completions up 31%

Broker Conveyancing: quarterly completions up 31%

Broker Conveyancing has revealed its quarterly completion levels for both purchases and remortgages were up considerably in Q3 compared to Q2.

28 Oct 2015

FCA toughens rules on payday loan comparison sites

FCA toughens rules on payday loan comparison sites

The Financial Conduct Authority will consult on additional standards for price comparison websites displaying payday loans in response to a CMA payday lending market investigation.

28 Oct 2015

Jes Staley confirmed as new Barclays Chief Executive

Jes Staley confirmed as new Barclays Chief Executive

Barclays has confirmed that James Staley has been appointed as Group Chief Executive Officer and will join the Barclays Boards as a Director, with effect from 1 December 2015.

28 Oct 2015

SunLife enhances critical illness offering

SunLife enhances critical illness offering

SunLife has enhanced its critical illness definitions to make it easier for customers to claim.

28 Oct 2015

Land Registry: weak supply drives monthly house price growth

Land Registry: weak supply drives monthly house price growth

The September data from the Land Registry shows a monthly house price increase of 1.0%.

28 Oct 2015

MPs launch inquiry into new State Pension

MPs launch inquiry into new State Pension

The Work and Pensions Committee have launched an inquiry into the new State Pension introduced in April 2016, after "concerns have been raised that many of those who will be affected by the changes do not know enough about the changes or exactly what they will mean for their pensions".

28 Oct 2015

Lloyds sets aside further £500m PPI provision

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Lloyds sets aside further £500m PPI provision

Lloyds Banking Group set aside a further PPI provision of £500 million in Q3, bringing the total amount to almost £14bn.

28 Oct 2015

Masthaven reduces resi, BTL and secured loan rates

Masthaven reduces resi, BTL and secured loan rates

Masthaven Secured Loans has announced a new round of overall enhancements to its range of secured loans, first charge residential and Buy to Let mortgages, including a reduction in interest rates across the entire product range, with rates now starting from 6.9%.

28 Oct 2015

Treasury delays pension tax relief announcement

Treasury delays pension tax relief announcement

George Osborne has confirmed that the Treasury will produce the government's final response to its pension tax consultation in next year's budget, and not in the Autumn Statement as had been predicted.

28 Oct 2015

96% choose to fix as mortgage rates rise

96% choose to fix as mortgage rates rise

The popularity of fixed mortgage rates has reached new heights as 96% of homebuyers opted to fix during September for a second successive month: the first time this has happened since the Bank of England base rate was lowered to 0.5% in March 2009.

28 Oct 2015

The survival of the banking industry

The survival of the banking industry

Since the onset of the financial crisis, the level of 'bank bashing' has reached new heights. From Libor manipulation to tax evasion to the misconduct of selling products, perhaps it is not surprising that confidence in the financial services sector has plummeted.

27 Oct 2015

United Trust Bank appoints new Head of Credit

United Trust Bank appoints new Head of Credit

United Trust Bank has appointed Rob Sherr as Chief Credit Officer.

27 Oct 2015

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