Latest News

New guidance for payday loan ads revealed

New guidance for payday loan ads revealed

The Committee of Advertising Practice - independently administered by the ASA - has published new Guidance to bolster the rules that prevent ads trivialising the serious nature of taking out short-term high-cost loans.

04 Jun 2015

Virgin Money reduces rates across mortgage range

Virgin Money reduces rates across mortgage range

Virgin Money has announced a number of rate cuts to its residential and buy-to-let mortgage ranges.

04 Jun 2015

HSBC fined record £27.8m in money laundering case

HSBC fined record £27.8m in money laundering case

HSBC has been fined 40 million Swiss francs (£27.8m) by the Geneva authorities for helping wealthy UK customers to avoid paying taxes and laundering money from illicit sources in the bank’s Swiss subsidiary.

04 Jun 2015

Natwest Intermediary launches 1.93% 3 year fix

Natwest Intermediary launches 1.93% 3 year fix

From tomorrow, NatWest Intermediary Solutions is reducing rates on its 3 year fixed rate deals, bringing its 60% LTV mortgage down to 1.93%.

04 Jun 2015

The Mansfield appoints new Chairman and Director

The Mansfield appoints new Chairman and Director

The Mansfield Building Society has announced the appointment of Jeremy Cross as Chairman and Colin Bradley as a Non-Executive Director following the retirement of outgoing Chairman, Nigel Tamplin.

04 Jun 2015

BoE holds base rate at 0.5%

BoE holds base rate at 0.5%

The Bank of England’s Monetary Policy Committee at its meeting on 3 June voted to maintain Bank Rate at 0.5%.

04 Jun 2015

Jerrold Holdings announces exec shake-up

Jerrold Holdings announces exec shake-up

The Board of Directors of Jerrold Holdings, parent company of Blemain, have announced two executive resignations.

04 Jun 2015

FCA to fine Lloyds record £100m

Latest News

FCA to fine Lloyds record £100m

Lloyds is expected to be hit with a fine of at least £100m for failings in its PPI complaint handling processes.

04 Jun 2015

FTBs make up 26% of April sales

FTBs make up 26% of April sales

A quarter (26%) of house sales were made to first time buyers in April, up from 22% in March, according to the National Association of Estate Agents' April Housing Market Report.

04 Jun 2015

Precise expands conveyancer panel

Precise expands conveyancer panel

Precise Mortgages has expanded its conveyancer panel as a result of feedback from brokers and borrowers.

04 Jun 2015

 

Friends Life withdraws flexible drawdown option

Friends Life withdraws flexible drawdown option

After previously announcing that it would offer flexible drawdown to customers following the pension reforms in April, Friends Life has reversed its decision.

04 Jun 2015

TSB Intermediary adds two networks to panel

TSB Intermediary adds two networks to panel

Two more networks, HomeLoan Partnership and The Online Partnership Group, have joined TSB's broker panel and will now be able to recommend TSB mortgages.

04 Jun 2015

FHL adds TBMC to panel and launches development team

FHL adds TBMC to panel and launches development team

Foundation Home Loans, the new specialist buy-to-let lender, has appointed TBMC as one of its key distributors in the UK.

04 Jun 2015

Stephen Johnson promoted to Shawbrook Deputy CEO

Stephen Johnson promoted to Shawbrook Deputy CEO

Stephen Johnson, Managing Director of Shawbrook’s Commercial Mortgages Division, has been promoted to Deputy CEO of Shawbrook Bank, and will join the Board of the Company with immediate effect.

04 Jun 2015

TISA: FCA directive will cause "higher costs and risk for firms"

TISA: FCA directive will cause "higher costs and risk for firms"

TISA has warned that many asset managers, distributors, wealth managers, life and pensions companies and firms for whom D2C is important are unaware of the implications of the FCA's MiFID II Directive.

04 Jun 2015

Halifax: supply at "lowest level for many years"

Halifax: supply at "lowest level for many years"

The stock of homes available for sale fell further in April and is currently at its "lowest level for many years", according to the latest Halifax house price index.

04 Jun 2015

Ipswich BS launches new broker proposition

Ipswich BS launches new broker proposition

Ipswich Building Society has launched a dedicated broker brand and new proposition as it seeks to strengthen its commitment to the sector.

03 Jun 2015

UK homeowners save £701m since Stamp Duty reforms

UK homeowners save £701m since Stamp Duty reforms

UK homeowners have saved £701 million in the six months since the introduction of the Stamp Duty Land Tax reforms on December 4th 2014, according to myhomemove.

03 Jun 2015

HTB still providing boost to first time buyers

HTB still providing boost to first time buyers

The quarterly Help to Buy mortgage guarantee figures, released today, show that 46,877 mortgages have been completed with the support of the scheme.

03 Jun 2015

Mortgage Trust widens product range

Mortgage Trust widens product range

Mortgage Trust, part of Paragon Mortgages, has refreshed its product range, updating its fixed rate products and introducing a new fixed rate.

03 Jun 2015

Fitch upgrades Paratus AMC's servicer ratings

Fitch upgrades Paratus AMC's servicer ratings

Paratus AMC, parent company of BTL lender Foundation Home Loans, has seen the work it has undertaken on its existing mortgage book rewarded by having its UK Special Servicer Ratings upgraded from ‘RSS2’ to ‘RSS2+’ by Fitch Ratings.

03 Jun 2015

Skipton reduces rates across all 3 year fixes

Skipton reduces rates across all 3 year fixes

From tomorrow, Skipton Building Society is launching a new residential Fixed Rate mortgage with cuts of up to 0.30%.

03 Jun 2015

13% would "quickly" get into debt following rate rise

13% would "quickly" get into debt following rate rise

Almost 7 million people would struggle to cover their mortgage payments if interests rates rise by just 1%, according to research by Ocean Finance.

03 Jun 2015

Y3S expands management team

Y3S expands management team

Y3S, the Cardiff-based specialist loan packager, has boosted its management team with the addition of Helen Petko, who takes up the role of Group Marketing Manager at the firm.

03 Jun 2015

Spring into Summer with a new client base

Spring into Summer with a new client base

I write this on the official first day of Summer – currently as I look outside my window, do I see glorious sunshine or perhaps the most miserable day in the last three months? I’ll leave you to guess which.

03 Jun 2015

Nationwide: annual house price growth slows in May

Nationwide: annual house price growth slows in May

Annual house price growth moderated to 4.6% from 5.2% in April, according to the latest Nationwide house price index.

03 Jun 2015

TMW offers joint let to buy and homebuyer mortgage deal

TMW offers joint let to buy and homebuyer mortgage deal

Nationwide Building Society is launching a new loyalty initiative for customers converting their existing main residence into a Buy to Let through The Mortgage Works to rent out, while at the same time purchasing a residential property to live in.

02 Jun 2015

Santander launches new 85% LTV fixed rates

Santander launches new 85% LTV fixed rates

Santander has today announced the launch of two new mortgages at 85% loan to value.

02 Jun 2015

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