Latest News

Payday loan price cap comes into effect

Payday loan price cap comes into effect

The Financial Conduct Authority's cap on payday loan charges comes into effect from today, limiting the amount that high-cost short-term credit lenders can charge.

02 Jan 2015

RBS shares drop over rumoured £5bn fine

RBS shares drop over rumoured £5bn fine

Royal Bank of Scotland's share prices have dropped 1.2% following reports of "toxic" mortgage-backed securities sold in the US.

02 Jan 2015

Pensioners rejecting annuities in favour of BTL

Pensioners rejecting annuities in favour of BTL

Up to a third of retirement savers who will soon have access to the new pension freedoms would consider investing in buy-to-let property as an alternative to a traditional pension income funded by an annuity.

31 Dec 2014

HTB2 deposits fall to record low

HTB2 deposits fall to record low

Average Help to Buy deposits fell to just £7,856 in November, a record low for 2014 and 7% less than the previous low of £8,441 in October.

31 Dec 2014

Why equity release should be an obvious choice for advisers

Why equity release should be an obvious choice for advisers

Equity release gets the short end of the stick, particularly in media aimed at consumers.

30 Dec 2014

P2P lender aims to challenge secured market

P2P lender aims to challenge secured market

A new peer-to-peer asset lender is offering loans of up to £1,000,000 secured against high-value luxury items.

30 Dec 2014

Aspiring young homeowners increase savings

Aspiring young homeowners increase savings

Friends Life found that 18-24 year olds are most likely to think long-term next year as 32% plan to curb spending and a third (35%) want to increase savings.

30 Dec 2014

One in five will rely on pensions to clear debt

One in five will rely on pensions to clear debt

Nearly one in five over-45s expect to retire in debt, according to research from Key Retirement.

30 Dec 2014

Industry says no further pension changes needed

Industry says no further pension changes needed

Portal Financial is calling for pensions not to become a political issue ahead of the general election by urging politicians to make no further changes.

30 Dec 2014

House price growth continues to cool

House price growth continues to cool

Nationwide's December House Price Index revealed that annual house price growth slowed for the fourth month in a row to 7.2% from 8.5% in November, despite prices rising by 0.2% in December.

30 Dec 2014

 

Average property price dips below pre-crisis peak

Average property price dips below pre-crisis peak

The November data from Land Registry’s House Price Index found that house prices have fallen 0.1% since October.

30 Dec 2014

Rate rise could increase monthly mortgage cost by 25%

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Rate rise could increase monthly mortgage cost by 25%

Founder and CEO of eMoov.co.uk Russell Quirk has provided predictions for the coming year, and believes that interest rates will increase by around 1.5% over the course of 2015.

30 Dec 2014

Pension freedoms increase retirees' risk of scammers

Pension freedoms increase retirees' risk of scammers

Pension liberators – often known as pension scammers – are evolving their tactics and refocusing their attention on those aged 55 and over who will soon have access to the new pension freedoms and flexibilities.

29 Dec 2014

Leeds BS relaunches full mortgage range with no booking fee

Leeds BS relaunches full mortgage range with no booking fee

Leeds Building Society is removing the £199 booking fee from across its entire mortgage range for a limited time at the start of 2015.

29 Dec 2014

FSE London 2014: The challenges of running a business - Peter Brodnicki, Mortgage Advice Bureau

FSE London 2014: The challenges of running a business - Peter Brodnicki, Mortgage Advice Bureau

Peter Brodnicki, chief executive of Mortgage Advice Bureau, gave a seminar at the Financial Services Expo London show recently, talking about the challenges - and opportunities - of running a business.

29 Dec 2014

Has time run out for payday lending?

Has time run out for payday lending?

Following news last month that the FCA will introduce a price cap on what short-term credit lenders can charge, it has been estimated that up to half of all payday loan companies have been forced out of the market, leading many to ask if there is a future for the payday industry at all.

29 Dec 2014

Private equity firm plans Towergate takeover

Private equity firm plans Towergate takeover

A US-based private equity firm is reportedly planning £715m debt-for-equity deal to acquire insurance broker Towergate, after previously purchasing some of the company’s senior loans.

29 Dec 2014

Prime London prices absorb stamp duty changes

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Prime London prices absorb stamp duty changes

Knight Frank's Prime central London sales & lettings indices for December has shown that the market has begun to absorb stamp duty changes.

29 Dec 2014

Industry predicts housing shortage crisis to worsen

Latest News

Industry predicts housing shortage crisis to worsen

National Association of Estate Agent members do not believe that the recent Government announcements to build more new homes will be enough to meet demand in 2015.

29 Dec 2014

A third of savers prefer ISAs

A third of savers prefer ISAs

Research commissioned by a group of industry professionals has revealed that a third of existing savers prefer simple, tax efficient products such as ISAs, and a quarter would invest in one if they had an additional £50 per month spare.

29 Dec 2014

Protection sales up 6% since Q2

Protection sales up 6% since Q2

The latest Aviva Family Finance Report has revealed that more families are taking steps to protect their families from the unexpected, with increasing numbers taking out life insurance, income protection and critical illness cover.

29 Dec 2014

Increasing numbers fear mortgage rate rises

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Increasing numbers fear mortgage rate rises

The latest Aviva Family Finance Report has revealed that UK families are struggling to manage their finances, as incomes and debts rise in tandem.

29 Dec 2014

Greenwich tops house price rises

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Greenwich tops house price rises

Greenwich saw the biggest annual rise in house prices among major UK towns and cities, according to research by Halifax.

29 Dec 2014

FTB sales hit post-crisis high

FTB sales hit post-crisis high

Falling mortgage rates in November saw house completions hit a post-recession record high, according to the latest First Time Buyer Tracker from Your Move and Reeds Rains.

26 Dec 2014

Merry Christmas from Financial Reporter!

Merry Christmas from Financial Reporter!

Before we wrap up here and tuck into a mince pie and a glass of sherry, we'd like to wish all of you a very merry Christmas and say a big thank you for all your support during what has been a fantastic 2014.

24 Dec 2014

In the Spotlight with Carolyn Thornley-Yates, Hinckley & Rugby Building Society

In the Spotlight with Carolyn Thornley-Yates, Hinckley & Rugby Building Society

We spoke to Business Development Manager, Carolyn Thornley-Yates, of Hinckley & Rugby Building Society, about the future of the mortgage market and the relationship between lenders and intermediaries.

24 Dec 2014

Annual GDP growth revised down

Annual GDP growth revised down

The Office for National Statistics today confirmed that UK gross domestic product increased by 0.7% between Q2 2014 and Q3 2014, unrevised from the previous estimate of GDP published 26 November 2014.

23 Dec 2014

BBA: ISA deposits up 38% following reforms

BBA: ISA deposits up 38% following reforms

The BBA’s November High Street Banking statistics showed that ISA deposits in the year to November were 38% higher than in the previous 12-month period.

23 Dec 2014

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