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PFS appoints head of professional development

PFS appoints head of professional development

The Personal Finance Society has appointed Lee Travis as the body's new head of professional development.

10 Nov 2015

95% LTV lending doubles under HTB2

95% LTV lending doubles under HTB2

95% LTV mortgages almost doubled their contribution to overall mortgage activity during the first half of the Help to Buy mortgage guarantee scheme, according to analysis of Bank of England data by Genworth.

10 Nov 2015

BM Solutions to tier BTL stress rates

BM Solutions to tier BTL stress rates

BM Solutions is updating the notional/stress rate used in the rental assessment for Buy to Let and Let to Buy applications from 22 November.

09 Nov 2015

HTB - a shift towards the lending community?

HTB - a shift towards the lending community?

The next stage in the evolution of the Government's Help to Buy 'brand' was announced this week, when details of the HTB ISA were unveiled for the first time.

09 Nov 2015

Standard Life chair to replace Barclays' Michael Rake

Standard Life chair to replace Barclays' Michael Rake

Barclays has announced that Sir Gerry Grimstone has been appointed as non-executive Director with effect from 1 January 2016 and will succeed Sir Michael Rake as Senior Independent Director and Deputy Chairman.

09 Nov 2015

Leeds increases new build max LTVs

Leeds increases new build max LTVs

Leeds Building Society is increasing the maximum LTV lending it permits on new build properties.

09 Nov 2015

95% encounter workplace pension hurdles

95% encounter workplace pension hurdles

While 68% of employers feel a greater duty of care towards employee pensions as a result of the reforms, 95% of businesses are encountering hurdles that prevent them from doing so.

09 Nov 2015

Y3S Group doubles profit to £1.7m

Y3S Group doubles profit to £1.7m

Y3S Group, which comprises Y3S Loans, Y3S Bridging & Commercial and Chaseblue Loans, has reported a combined net profit before tax of £1.7m on total revenues of £7.55m for the year ending September 2015.

09 Nov 2015

2 in 3 say 'affordable' housing should be under £120,000

2 in 3 say 'affordable' housing should be under £120,000

2 in 3 believe affordable housing should cost less than £120,000 - half the amount stated in the Government's Housing and Planning Bill, which is currently being debated in Parliament, according to myhomemove.

09 Nov 2015

LV= appoints former Aviva MD

LV= appoints former Aviva MD

LV= has appointed Steve Treloar as Managing Director, General Insurance.

09 Nov 2015

 

Monthly secured lending soars by a third ahead of MCD

Monthly secured lending soars by a third ahead of MCD

Secured lending activity soared to £93.3m in September ahead of the Mortgage Credit Directive, according to the latest Enterprise Finance Secured Loan Index.

09 Nov 2015

Legal & General enhances partnership with Principality BS

Legal & General enhances partnership with Principality BS

Legal & General has announced it has extended its existing partnership with Principality Building Society.

09 Nov 2015

MetLife launches Guaranteed ISA

MetLife launches Guaranteed ISA

MetLife is targeting the ISA market with the launch of a Guaranteed ISA, offering the choice of income or capital guarantees.

09 Nov 2015

Smart Money receives FCA authorisation

Smart Money receives FCA authorisation

Smart Money Limited, the Chester based specialist secured loan and bridging distributor, has received its full permissions from the FCA.

09 Nov 2015

NIESR: GDP grows to 0.6% in November

NIESR: GDP grows to 0.6% in November

NIESR's monthly estimates of GDP suggest that output grew by 0.6% in the three months ending in October after growth of 0.5% in the three months ending in September.

06 Nov 2015

In the Spotlight with Rhydian Lewis, Ratesetter

In the Spotlight with Rhydian Lewis, Ratesetter

We spoke to Rhydian Lewis, founder and CEO of RateSetter, about the introduction of the Innovative Finance ISA, and the effect of the pension reforms on peer-to-peer lending.

06 Nov 2015

Low interest rates fuel overseas mortgage enquiries

Low interest rates fuel overseas mortgage enquiries

A belief that very low interest rates are 'the new normal' and an ongoing property undersupply are the driving factors behind a "considerable surge" in mortgage enquires for UK properties, according to deVere Mortgages.

06 Nov 2015

Will rate rise setback dampen the remortgage surge?

Will rate rise setback dampen the remortgage surge?

When it comes to the prospects for the remortgage market at present, it would seem the Governor of the Bank of England, Mark Carney, is the man who can determine which way the sector winds blow.

06 Nov 2015

The rise and rise of buy-to-let

The rise and rise of buy-to-let

Buy-to-let is likely to account for approximately 9% of all property transactions this year, according to recent statistics from the Council of Mortgage Lenders, suggesting that despite recent government intervention, the buy-to-let market shows little sign of slowing down.

06 Nov 2015

British bankers convicted in Rabobank Libor trial

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British bankers convicted in Rabobank Libor trial

Two British bankers have been convicted by a New York jury of committing wire fraud by misreporting Libor rates.

06 Nov 2015

TSB cuts fixed rates to six-month low

TSB cuts fixed rates to six-month low

TSB has today announced its lowest fixed rate mortgage since May 2015, whilst also cutting rates on a range of other mortgages available through brokers.

06 Nov 2015

SimplyBiz appoints former Zurich CEO

SimplyBiz appoints former Zurich CEO

The SimplyBiz Group has appointed former Zurich CEO, David Etherington, as non-executive director.

06 Nov 2015

Chaseblue receives FCA authorisation

Chaseblue receives FCA authorisation

Chaseblue, the South Wales specialist finance packager, has received notification from the FCA that it has been fully authorised ahead of the implementation of the MCD in March 2016.

06 Nov 2015

TFC partners with Pepper Homeloans

TFC partners with Pepper Homeloans

TFC has added Pepper Homeloans to its panel of mortgage lenders.

06 Nov 2015

Pensioner property wealth to double by 2035

Pensioner property wealth to double by 2035

The total property wealth of over-55s in England will double to almost £2.5 trillion by 2035, according to research by Age Partnership.

06 Nov 2015

Partnership Q3 sales up 22% ahead of Just Retirement merger

Partnership Q3 sales up 22% ahead of Just Retirement merger

Partnership have revealed total Q3 sales of £109 million, an increase of 22% compared to Q3 2014.

05 Nov 2015

Teachers BS increases interest only offering

Teachers BS increases interest only offering

Teachers Building Society has increased its interest only mortgage option to 60% LTV.

05 Nov 2015

BoE: Bank Rate rise pushed back to Q2 2017

BoE: Bank Rate rise pushed back to Q2 2017

Since the Bank of England's last Inflation Report in August, the path for Bank Rate implied by market rates has fallen by around 40 basis points, such that it only reaches 0.75% in 2017 Q2, compared with 2016 Q3 in August, and is just 1¼ by the end of 2018.

05 Nov 2015

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