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HTB repayments £180 cheaper than renting

young ftb couple with boxes

HTB repayments £180 cheaper than renting

First-time buyers who have used the Government’s Help to Buy mortgage guarantee scheme are spending £180 less per year on repaying their mortgage than if they were renting.

30 Apr 2015

Metro Bank reduces five year fixes

Metro Bank reduces five year fixes

From today, Metro Bank is reducing rates on its residential 5 year fixed rate mortgages.

30 Apr 2015

Pension providers see 'surge' in income drawdown

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Pension providers see 'surge' in income drawdown

Following the new pension legislation coming into force, the impact of the reforms is already reshaping the income drawdown market.

30 Apr 2015

West Brom increases proc fees

West Brom increases proc fees

The West Brom for Intermediaries has increased its residential mortgage procuration fee payable to brokers.

30 Apr 2015

First Complete launches PMI panel

First Complete launches PMI panel

First Complete has launched a full panel of Private Medical Insurance providers in addition to its protection panel.

30 Apr 2015

Brightstar appoints specialist mortgage expert

Brightstar appoints specialist mortgage expert

Brightstar has appointed a new mortgage and buy-to-let specialist to provide advice and guidance to advisers faced with less usual mortgage cases.

30 Apr 2015

TSB to consider buying out smaller banks as profits double

TSB to consider buying out smaller banks as profits double

TSB CEO Paul Pester has revealed that the bank would consider buying some smaller British banks, the day after reporting a 153% increase in pre-tax profits.

30 Apr 2015

RBS announces £446m Q1 loss

RBS announces £446m Q1 loss

RBS have revealed a loss of £446 million for the first quarter of 2015, attributed to restructuring costs of £453 million and £856 million of litigation and conduct charges.

30 Apr 2015

Equity Release Council surpasses 400 members

Equity Release Council surpasses 400 members

Membership of the Equity Release Council has exceeded 400 in under three years since the trade body re-launched in May 2012, representing the industry in its entirety; providers, qualified financial advisers, surveyors, solicitors, intermediaries and other industry professionals. Since then, The Council’s membership has grown exponentially from 20 firms to 400 members today.

30 Apr 2015

FTBs account for 28% of Prime London sales

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FTBs account for 28% of Prime London sales

First-time buyers are almost neck-and-neck with investors in the Prime London property market, according to estate agent Marsh & Parsons’ latest London Property Monitor.

30 Apr 2015

 

Nationwide launches lowest ever 2 and 5 year fixes

Nationwide launches lowest ever 2 and 5 year fixes

From tomorrow, Nationwide is making a series of rate reductions across its mortgage range, reducing selected fixed rate deals by up to 0.20%.

29 Apr 2015

Leeds triples intermediary team

Leeds triples intermediary team

Leeds Building Society is further strengthening its intermediary team to meet the growing demand for its mortgages from brokers and their clients.

29 Apr 2015

Saga blames "lazy lending" for mortgage age discrimination

Saga blames "lazy lending" for mortgage age discrimination

A recent Saga poll of more than 6,000 over 50s has shown has shown widespread concern about the behaviours of many mortgage lenders.

29 Apr 2015

Jerrold Holdings raises £100m for future expansion

Jerrold Holdings raises £100m for future expansion

Jerrold Holdings, the secured lender to the residential and commercial property sectors, has raised an additional £100 million in senior secured notes through a funding deal on the bond market.

29 Apr 2015

PMS and Sesame launch exclusives with Buckingham BS

PMS and Sesame launch exclusives with Buckingham BS

PMS members and appointed representatives of Sesame network now have access to an exclusive two-year discount rate product from Buckingham Building Society.

29 Apr 2015

Paradigm Protect partners with health insurance advice firm

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Paradigm Protect partners with health insurance advice firm

Paradigm Protect, the protection proposition for advisory firms, has today announced a new introducer relationship with health insurance advice firm ActiveQuote.

29 Apr 2015

Paragon launches new fixed rate savings account

Paragon launches new fixed rate savings account

Paragon Bank is launching a new two year fixed rate savings account today with an interest rate of 2.21% AER on deposits from £1,000 up to £100,000.

29 Apr 2015

April sees pick-up in house price growth

April sees pick-up in house price growth

UK house prices rose by 1% in April, the largest monthly increase since June 2014 according to the latest Nationwide house price index.

29 Apr 2015

SortRefer sees BTL boost following pension reforms

SortRefer sees BTL boost following pension reforms

SortRefer has seen a 53% uplift on the number of standard buy to let remortgage conveyancing quotes issued in the period since the April 7 pension reforms.

29 Apr 2015

Barclays sets aside extra £800m forex provision

Barclays sets aside extra £800m forex provision

Barclays has set aside "additional provisions of £800m" in Q1 alone to cover investigations relating to Foreign Exchange.

29 Apr 2015

Santander reduces H2B rates

Santander reduces H2B rates

Santander has reduced rates on its Help to Buy one 75% LTV two year fixed rate mortgage by 0.50% to 2.49%, while the 75% LTV five year fix is now 3.14% - both with a zero booking fee.

28 Apr 2015

Santander's mortgage applications drop 12%

Santander's mortgage applications drop 12%

Santander's Q1 financial results show that mortgage applications fell 12% year-on-year.

28 Apr 2015

GDP sees slowest quarterly growth since 2012

GDP sees slowest quarterly growth since 2012

UK GDP growth is estimated to have grown by 0.3% - the slowest quarterly growth since the end of 2012.

28 Apr 2015

BBA: Q1 sees increased mortgage demand

BBA: Q1 sees increased mortgage demand

House purchase approvals are trending upwards as consumers take advantage of competitive prices in the mortgage market, although lending activity is still down on this time last year.

28 Apr 2015

Scottish Widows to pay product transfer proc fees

Scottish Widows to pay product transfer proc fees

Scottish Widows Bank has today launched a new online Mortgage Product Transfer facility which simplifies the switching process for brokers and their clients.

28 Apr 2015

FSE Manchester unveils seminar programme

FSE Manchester unveils seminar programme

Financial Services Expo Manchester has today unveiled its seminar programme which will feature a key-note address by the Financial Conduct Authority.

28 Apr 2015

Value of remortgage lending hits two-year low

Value of remortgage lending hits two-year low

The value of monthly gross remortgage lending saw a slight decrease to £3.3bn in March, the lowest amount in two years and a 0.2% reduction from February’s CML figures.

28 Apr 2015

The benefits and disadvantages of joining a network

The benefits and disadvantages of joining a network

The sway of opinion in favour of networks or being directly authorised has ebbed and flowed ever since the network model has existed. At the moment, judged by the swell of mortgage and protection advisers looking to join First Complete, the balance of opinion is very much in favour of networks.

28 Apr 2015

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