Latest News

Social media: there's nowhere to hide!

Social media: there's nowhere to hide!

I've never been one for celebrity gossip. Indeed, the 'celebrity' world in general is of little interest to me.

11 Aug 2015

Upper Tribunal upholds £450,000 FCA fine

shutterstock_140867215.jpg

Upper Tribunal upholds £450,000 FCA fine

The Upper Tribunal has backed a decision by the FCA to fine and ban directors of Catalyst Investment Group Limited for demonstrating a "reckless disregard for the interests of investors".

11 Aug 2015

Prudential's drawdown sales treble in H1

Prudential's drawdown sales treble in H1

Since the introduction of the pension reforms, Prudential has seen its income drawdown sales more than treble to £39 million and individual pensions sales more than double to £62 million, offsetting the volume decline from lower individual annuity sales which were 56% lower at £28 million.

11 Aug 2015

Hinckley & Rugby applications up 22%

Hinckley & Rugby applications up 22%

Hinckley & Rugby Building Society saw a 22% rise in mortgage applications in H1.

11 Aug 2015

Bank Rate delay keeps mortgage rates low

Bank Rate delay keeps mortgage rates low

The Bank of England's quoted mortgage interest rates data shows that lenders are still offering low rates, as Bank Rate is now expected to remain at its record low until 2016.

11 Aug 2015

FTBs and remortgagors fuel June lending surge

FTBs and remortgagors fuel June lending surge

House purchase lending saw a 22% month-on-month increase in June, driven by both first-time buyers and home-movers.

11 Aug 2015

Atom partners with IRESS ahead of launch

Atom partners with IRESS ahead of launch

IRESS and Atom, the first fully digital bank, have announced a long term, strategic partnership.

11 Aug 2015

Just Retirement and Partnership announce merger

Just Retirement and Partnership announce merger

The Boards of Just Retirement and Partnership Assurance have announced that they have reached agreement on the terms of a merger to create JRP Group.

11 Aug 2015

PRA and FCA censure Co-op Bank for "serious failings"

PRA and FCA censure Co-op Bank for "serious failings"

The Co-operative Bank has escaped a £120 million fine for "serious risk management and transparency failings".

11 Aug 2015

New property listings fall 13% in July

New property listings fall 13% in July

The number of properties on the market fell dramatically in July, down 13.2% across the UK and almost 15% in London, according to HouseSimple.com.

11 Aug 2015

 

UK sees impact of FTB market collapse

UK sees impact of FTB market collapse

The South East and North West have been worst hit by the collapse of the first-time buyer market since the recession, regardless of the so-called 'North/South' divide.

11 Aug 2015

Legal & General launches Conveyancing Services

shutterstock_156997538.jpg

Legal & General launches Conveyancing Services

Legal & General has today launched its new conveyancing service through myhomemove following a successful 6-month pilot.

10 Aug 2015

Sheffield launches broker service to tackle payday lenders

Sheffield launches broker service to tackle payday lenders

Sheffield has become the first city in the country to pioneer a new approach that provides an alternative to high-cost credit and door step loan companies.

10 Aug 2015

Nearly half of homebuyers have deposits under 20%

Nearly half of homebuyers have deposits under 20%

People with smaller deposits are succeeding in securing mortgages, with 27% of successful buyers completing deals despite having deposits of less than 10% of their house price.

10 Aug 2015

Paradigm launches Marsden BS' professional mortgage range

Paradigm launches Marsden BS' professional mortgage range

Marsden Building Society has released a portfolio of professional mortgages semi exclusively to Paradigm Mortgage Services.

10 Aug 2015

NAB sets aside further £500m for UK redress

NAB sets aside further £500m for UK redress

National Australia Bank has announced that it expects to pay between £290 million and £420 million relating to PPI misconduct in the UK.

10 Aug 2015

Home insurance premiums fall 6.6%

Home insurance premiums fall 6.6%

Between June 2014 and June 2015, the cheapest home insurance premiums fell by 6.6%, with just over a third of this fall (35%) occuring in the two months between April and June 2015 when the average of the lowest five premiums fell by 2.3%.

10 Aug 2015

Prudential appoints Group Chief Risk Officer

Prudential appoints Group Chief Risk Officer

Prudential have announced the appointment of Penny James as Group Chief Risk Officer and as an executive director on the Prudential Board from 1 September.

10 Aug 2015

Two in five to use property wealth in retirement

Two in five to use property wealth in retirement

More than two out of five (41%) of homeowners in the run-up to retirement are now banking on their property wealth as part of their planning, as pension freedoms drive a change in attitudes.

10 Aug 2015

Banks could face £33bn bill in new PPI scandal

Legal

Banks could face £33bn bill in new PPI scandal

UK banks could face a further wave of compensation payouts relating to secret commissions linked to PPI.

10 Aug 2015

Homemover numbers drop 9% in H1

Homemover numbers drop 9% in H1

An estimated 155,000 people moved home in the first half of 2015 - 9% lower than in the same period in 2014.

10 Aug 2015

Dudley BS launches 3 year discounts

Dudley BS launches 3 year discounts

Dudley Building Society has launched two new discount products for purchase and remortgage offering an initial rate of 3.89%.

10 Aug 2015

In the Spotlight with Richard Klemmer, CEO of Pepper

In the Spotlight with Richard Klemmer, CEO of Pepper

We spoke to Richard Klemmer, CEO of Pepper, about the launch of Pepper Homeloans and the future of specialist lending.

07 Aug 2015

Prime London sees price growth resurgence

shutterstock_125020271.jpg

Prime London sees price growth resurgence

Prime London property values increased by 0.8% in the three months to June 2015, according to Marsh & Parsons' latest London Property Monitor.

07 Aug 2015

Broker loses bid to appeal FCA ban

Broker loses bid to appeal FCA ban

Former mortgage broker Ghanshyam Batra has lost his bid to appeal against an Upper Tribunal ruling made in May 2014.

07 Aug 2015

Hinckley & Rugby launches 'fixed then discount' mortgage

Hinckley & Rugby launches 'fixed then discount' mortgage

Hinckley & Rugby Building Society has launched a new fixed then discount mortgage at up to 90% LTV.

07 Aug 2015

The rise of the silver lender

The rise of the silver lender

Peer-to-peer lending runs counter to the limitations, inflexibility and poor value of previously obligatory annuities, making it an ideal destination for pensioners taking control of their retirement finances.

07 Aug 2015

An end to 'one size fits all' interest rates?

An end to 'one size fits all' interest rates?

Mortgage interest rates are set to become tailored to our exact credit history and behaviour, according to Edinburgh academics who have developed a new model.

07 Aug 2015

Latest Money Careers

Popular this week

Buy-to-let
Roadshow 2017

15th - 23rd November

4 days
7 specialists
4 locations
Free to attend

Click here to register now