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UK in deflation for first time since 1960

UK in deflation for first time since 1960

The Consumer Prices Index fell by 0.1% in the year to April 2015, compared to no change (0.0%) in the year to March 2015.

19 May 2015

ONS: Scottish house price inflation at 8 year high

ONS: Scottish house price inflation at 8 year high

House price annual inflation was 14.6% in Scotland - the highest annual increase in Scotland since July 2007, according to the latest ONS house price index.

19 May 2015

Deutsche Bank considers UK exit

Deutsche Bank considers UK exit

Deutsche Bank will consider relocating some of its UK operations if Britain leaves the EU.

19 May 2015

Leeds launches new interest only range

Leeds launches new interest only range

Changes to interest only lending criteria by Leeds Building Society will give borrowers more flexibility in how they can buy a property or start to pay down their existing interest only mortgage.

19 May 2015

Paragon applications up 101%

Paragon applications up 101%

Paragon Mortgages’ parent company, the Paragon Group of Companies, has today announced a 10.4% increase in underlying profits for the first six months of the financial year at £63.9 million.

19 May 2015

Metro Bank partners with Zopa

Metro Bank partners with Zopa

Peer-to-peer lender Zopa has today announced a partnership with challenger bank Metro Bank to lend funds through Zopa’s online marketplace.

19 May 2015

Tackling empty homes most popular FTB policy

Tackling empty homes most popular FTB policy

Analysis by Halifax into the housing policies proposed by the political parties indicated that overall, the Conservative policies are most in-tune with the needs of first-time buyers.

19 May 2015

Skipton launches New Build residential range

Skipton launches New Build residential range

Skipton Intermediaries has today revealed details of a new residential product range to support its recently announced New Build proposition.

18 May 2015

Aegon upgrades IP range

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Aegon upgrades IP range

Aegon UK has today announced changes to its multi-benefit proposition for both personal and business protection.

18 May 2015

Mortgage enquiries surge 50% following election

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Mortgage enquiries surge 50% following election

There has been a “noticeable surge in serious home loan enquiries” since the election, according to DeVere Mortgages.

18 May 2015

 

Fleet increases maximum borrower age to 85

Fleet increases maximum borrower age to 85

Fleet Mortgages, the new buy-to-let and specialist lender, has increased the maximum acceptable age of the borrower at the end of the mortgage term up from 75 to 85 years old, and extended all its end dates to 31st July.

18 May 2015

Yorkshire BS launches new fee-free range

Yorkshire BS launches new fee-free range

Yorkshire Building Society has launched a range of ten fee-free, £1,000 cashback mortgages to help borrowers get on, or move up, the property ladder.

18 May 2015

Two thirds of FTBs still face housing ladder challenges

Two thirds of FTBs still face housing ladder challenges

First time buyers are having to wait longer than planned to take their first step onto the property ladder, according to new research from Clydesdale and Yorkshire Banks.

18 May 2015

Al Rayan Bank opens flagship branch

Al Rayan Bank opens flagship branch

Al Rayan Bank, formerly known as Islamic Bank of Britain, has officially opened its new private banking branch in Knightsbridge, London.

18 May 2015

Industry expects post-election property surge

Industry expects post-election property surge

May is seeing an unseasonal drop in new seller asking prices, down by 0.1% (-£242), compared to May 2014’s +2.1% increase, according to the latest Rightmove house price index.

18 May 2015

The Mansfield launches new resi range

The Mansfield launches new resi range

The Mansfield Building Society has launched two new fixed rate and one new discounted rate residential mortgages, as it reveals that it has raised its lending targets for 2015 after a strong start to the year.

18 May 2015

Industry body Chair calls for HTB “evolution”

Industry body Chair calls for HTB “evolution”

The new Chair of trade body Homes for Scotland Jim Mather has called on the Scottish Government to “evolve” its Help to Buy shared equity scheme in order to maintain the positive progress that has been made in supporting buyers, stimulating the building of new homes and creating jobs.

18 May 2015

HTB 2 is operating at just 13% of capacity

HTB 2 is operating at just 13% of capacity

Wider and more efficient use of the Help to Buy mortgage guarantee could support an extra 200,000 first-time buyers, restoring the first-time buyer market to pre-recession health.

16 May 2015

In the Spotlight with Georgina Oxton, Bower Retirement

In the Spotlight with Georgina Oxton, Bower Retirement

We spoke to Georgina Oxton, Head of Business Development at Bower Retirement, about her new role within the company and the misconceptions surrounding equity release.

15 May 2015

Share fraud scammer impersonating FCA employee

Share fraud scammer impersonating FCA employee

The Financial Conduct Authority have warned consumers against dealing with a person going by the name of William Howarth who is fraudulently telling consumers that he is calling from the FCA.

15 May 2015

The Right Mortgage Network partners with The Lending Wizard

The Right Mortgage Network partners with The Lending Wizard

The Right Mortgage and Protection Network brokers can now benefit from a new partnership with Freedom Finance’s loan sourcing tool, The Lending Wizard.

15 May 2015

NS&I warns of clone bond site on deadline day

NS&I warns of clone bond site on deadline day

NS&I have warned that fraudsters have set up a bogus website claiming to be the official site and are contacting members of the public, cold calling them and offering them the chance to invest in 65+ Guaranteed Growth Bonds.

15 May 2015

Fleet Mortgages announces expansion plans

Fleet Mortgages announces expansion plans

Fleet Mortgages, the new buy-to-let and specialist lender, has today announced further expansion plans for the business.

15 May 2015

Soaring house prices see household wealth grow £1.5 trillion

Soaring house prices see household wealth grow £1.5 trillion

Total household wealth at the end of 2014 is estimated to have reached £9.1 trillion, an increase of £1.5 trillion (or 19%) in the past year, according to latest research from Lloyds Bank Private Banking.

15 May 2015

South East house price growth overtakes London

South East house price growth overtakes London

For the first time in four and a half years, London has been displaced from its position as having the highest rate of house price inflation; this top spot is now taken by the South East, followed by East Anglia, with Greater London in third place.

15 May 2015

Homeowners keen to cash in equity gains

Homeowners keen to cash in equity gains

Homeowners are aiming to cash in over £9,000 of equity gains made over the last year by remortgaging, according to the Mortgage Search Tracker from Mortgage Advice Bureau, which shows that the typical customer looking to remortgage in Q1 2015 had a home worth £248,191.

15 May 2015

Ipswich BS launches 95% discount deals

Ipswich BS launches 95% discount deals

Ipswich Building Society has announced a trio of new discount deals to support its selection of fixed rate schemes.

14 May 2015

Retirees shun Pension Wise service despite inadequate savings

Retirees shun Pension Wise service despite inadequate savings

Only one in five people (20%) aged over 55 will take up government guidance to help them in retirement, according to new research from Sanlam.

14 May 2015

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