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Barclays profits fall 21% after £750m forex provision

Barclays profits fall 21% after £750m forex provision

Barclays' profits took a hit in 2014 following an additional £750m provision to cover its alleged involvement in the forex scandal.

03 Mar 2015

Guaranteed Drawdown market to be worth £48bn by 2023

Guaranteed Drawdown market to be worth £48bn by 2023

Guaranteed Drawdown is expected to see massive growth following the pension freedoms, with market forecasts indicating the sector will take a major share of new business growing to more than £48 billion by 2023 from around £1 billion in 2014.

03 Mar 2015

Pink brokers given free SMP membership

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Pink brokers given free SMP membership

Pink network has provided all of its advisers with free membership of Society of Mortgage Professionals.

03 Mar 2015

Fleet partners with L&G Mortgage Club

Fleet partners with L&G Mortgage Club

Fleet Mortgages, the new buy-to-let and specialist lender, has today announced that directly authorised members of Legal & General Mortgage Club will have now have full access to its product range.

02 Mar 2015

Lasting Powers of Attorney – certainty in uncertain times

Lasting Powers of Attorney – certainty in uncertain times

With the news that Buy to Let rates have fallen to their lowest ever levels and continuing low interest rates coupled with impending pension freedoms, this year may herald a surge in first time ‘grand-lords’.

02 Mar 2015

New challenger bank unveils savings accounts

New challenger bank unveils savings accounts

The UK’s newest bank, Charter Savings Bank has unveiled a portfolio of savings accounts designed to meet the needs of UK savers.

02 Mar 2015

Paradigm announces registration push at FSE Glasgow

Paradigm announces registration push at FSE Glasgow

Paradigm Mortgage Services has today announced it will be exhibiting at this week’s Financial Services Expo Glasgow event, undertaking a membership registration push for Scottish advisory firms.

02 Mar 2015

Skipton increases ISA rates

Skipton increases ISA rates

Skipton’s One Year Fixed Rate ISA will now be available at 1.45% with the 2 Year ISA on offer at 1.65% and the 3 Year ISA at 1.80%.

02 Mar 2015

P2P lender aims to set new standards of transparency

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P2P lender aims to set new standards of transparency

Landbay, the platform offering secured P2P lending backed by tenanted British homes, has announced it has set "new standards of transparency in a sector already known for openness".

02 Mar 2015

Mortgage Trust launches BTL in Scotland

Mortgage Trust launches BTL in Scotland

Mortgage Trust, by specialist buy-to-let lender Paragon, has made a range of products available for investors in the Private Rented Sector in Scotland for the first time since the financial crisis.

02 Mar 2015

 

James Chidgey to join MAB

James Chidgey to join MAB

Nationwide's new build senior manager James Chidgey will join Mortgage Advice Bureau following his departure from the Building Society later this month.

02 Mar 2015

BoE: mortgage approvals see second monthly rise

BoE: mortgage approvals see second monthly rise

The Bank of England's January Money and Credit data shows that the number of loan approvals for house purchase was 60,786 in January, compared to the average of 61,666 over the previous six months.

02 Mar 2015

LV= to launch new retirement proposition

LV= to launch new retirement proposition

LV= is launching an online retirement proposition designed to help advisers explain, select and recommend single or blended retirement solutions.

02 Mar 2015

Lloyds announces FTB rate cuts

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Lloyds announces FTB rate cuts

Lloyds Bank has today announced rate reductions across its FTB range.

02 Mar 2015

FTBs have "one month left" to get on property ladder

FTBs have "one month left" to get on property ladder

People planning to buy their first home have just months left to buy a house or risk missing out on the chance of getting on the property ladder for years to come, according to savings and ISA provider Scottish Friendly.

02 Mar 2015

Secured lending sees 28% rise

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Secured lending sees 28% rise

Secured lending increased from £609m for the twelve months to January 2014 to £779m for the year to January 2015 – a rise of almost 28%.

02 Mar 2015

Land Registry reveals increasing regional disparities

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Land Registry reveals increasing regional disparities

The latest Land Registry house price index shows that the average price of property in London now stands at £458,283, in comparison with the average for England and Wales of £179,492.

02 Mar 2015

Home ownership at thirty year low

Home ownership at thirty year low

The latest Nationwide House Price Index found that home ownership rates are continuing to fall, with the rate of home ownership in England declining steadily since 2003.

02 Mar 2015

Government launches 20% FTB discount scheme

Government launches 20% FTB discount scheme

From today, young first time buyers can register for new Starter Homes with 20% off the asking price.

02 Mar 2015

Help to Buy to be extended in Wales

Help to Buy to be extended in Wales

The Help to Buy shared equity scheme in Wales is to be extended under new rules announced by the Welsh Government.

27 Feb 2015

In the Spotlight with Marie Grundy, Managing Director at V Loans

In the Spotlight with Marie Grundy, Managing Director at V Loans

We spoke to Marie Grundy, Managing Director at V Loans, about the regulatory changes in the secured loans market and the role of trade bodies.

27 Feb 2015

FCA publishes rules on retirement risk warnings

FCA publishes rules on retirement risk warnings

New rules published by the Financial Conduct Authority today will help to protect consumers wanting to access their pension savings from 6 April 2015 by requiring firms involved in the sale of retirement income products to give additional warnings tailored to them.

27 Feb 2015

High net worth service launches at Berkeley Alexander

High net worth service launches at Berkeley Alexander

General insurance provider, Berkeley Alexander, has announced the launch of a new High Net Worth Service, aiming to provide advisers with access to four of the UK’s specialist high net worth insurers, Hiscox, Chubb, Sterling and Aviva.

27 Feb 2015

Coventry BS increases new mortgage lending 25% in 2014

Coventry BS increases new mortgage lending 25% in 2014

Today, Coventry Building Society reported strong financial results for 2014, including growing its new mortgage lending by £7.4bn (25%).

27 Feb 2015

Housing market continues forward momentum

Housing market continues forward momentum

January's Land Registry data shows an annual price increase of 6.7%, taking the average property value in England and Wales to £179,492 which is slightly off the peak of £181,101 recorded in November 2007. House prices are up 1.3% since December.

27 Feb 2015

Intermediaries feeling 'very confident'

Intermediaries feeling 'very confident'

Optimism in business outlook returned in at the end of last year, with a lift in intermediaries feeling ‘very confident’ about the business outlook for their own firm and the intermediary sector in general.

27 Feb 2015

FTB deposits at 18-month high after stamp duty changes

FTB deposits at 18-month high after stamp duty changes

First-time buyer deposits have climbed 15% in a year to average almost £30,000, driven by lower stamp duty bills for new buyers, according to the latest First Time Buyer Tracker from Your Move and Reeds Rains.

27 Feb 2015

Friends Life and Virgin Money launch life insurance product

Friends Life and Virgin Money launch life insurance product

Friends Life and Virgin Money have launched the first in their range of Life Insurance products. The products will be available through Virgin Money and will be underwritten by Friends Life.

27 Feb 2015

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