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FCA announce payday loan charge cap

FCA announce payday loan charge cap

The Financial Conduct Authority have today announced that they will introduce a price cap on what high-cost short-term credit lenders can charge.

11 Nov 2014

Mortgage Advice Bureau announces successful AIM float

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Mortgage Advice Bureau announces successful AIM float

Mortgage Advice Bureau have today announced a successful float on the London Stock Exchange’s Alternative Investment Market.

11 Nov 2014

FSE London 2014 - David Geale, FCA

FSE London 2014 - David Geale, FCA

Financial Reporter caught up with a David Geale, Head of Investment Policy at the Financial Conduct Authority, at the recent Financial Services Expo London.

10 Nov 2014

Prudential sells 25% stake in PruProtect and PruHealth

Prudential sells 25% stake in PruProtect and PruHealth

The Prudential Assurance Group announced today that it has reached an agreement to sell its 25% equity stake in the PruHealth and PruProtect joint venture to Discovery Group Europe Limited for a cash fee of £155m.

10 Nov 2014

Cost of financial advice falls 14%

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Cost of financial advice falls 14%

The hourly rate charged by advisers has decreased by 14% from last year, an unbiased.co.uk report has revealed.

10 Nov 2014

Paragon joins Promise panel

Paragon joins Promise panel

Promise Solutions has increased its market leading secured loan panel further with the addition of Paragon Personal Finance.

10 Nov 2014

Yorkshire IFA's pension lending fund hits £47m

Yorkshire IFA's pension lending fund hits £47m

A York-based IFA who established a new type of commercial lending fund backed by his clients’ pensions has seen over £27m in lending in the past year on high profile projects, and over £47m since the first loan was made in 2009.

10 Nov 2014

Nearly half of advisers considering further retirement qualifications

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Nearly half of advisers considering further retirement qualifications

New research from retirement specialist LV= reveals that nearly half (45%) of advisers are considering gaining further retirement income qualifications in order to meet the expected change in retiring clients’ income demands.

10 Nov 2014

Dragonfly appoints head of residential development

Dragonfly appoints head of residential development

London-based short and medium-term lender, Dragonfly Property Finance, today announced that it has hired Gavin Eustace as Head of Residential Development.

10 Nov 2014

TBMC launches 80% LTV buy-to-let

TBMC launches 80% LTV buy-to-let

TBMC, the buy-to-let and commercial mortgage specialist, has launched a new exclusive buy-to-let mortgage with Hanley Economic Building Society.

10 Nov 2014

 

Aldermore: Q3 lending up 63%

Aldermore: Q3 lending up 63%

Aldermore's Q3 results, published today, have shown strong growth and profitability across all sectors.

10 Nov 2014

84% of brokers 'not confident' in specialist lending market

84% of brokers 'not confident' in specialist lending market

A recent commissioned survey of introducers to Brightstar Financial has found that although over 80% of broker respondents believed the market for specialist lending was growing, 84% did not feel they knew the market well enough to advise clients and deal with lenders directly.

10 Nov 2014

Time to prepare for ‘pension freedom’

Time to prepare for ‘pension freedom’

[SPECIAL FEATURE: David Hughes, Managing Director of JFM]

07 Nov 2014

Savills: Mansion tax could cut prime property prices by 10%

Savills: Mansion tax could cut prime property prices by 10%

Savills said Labour's proposed mansion tax could mean a price drop of up to 10% for properties valued at £10m or more, while those valued above £5m could see an 8% fall.

07 Nov 2014

Chelsea and Yorkshire BS launch 1.44% and 1.47% mortgages

Chelsea and Yorkshire BS launch 1.44% and 1.47% mortgages

Chelsea Building Society and Yorkshire Building Society have today each launched two-year fixed rate mortgages of 1.44% and 1.47% for customers with 35% deposits.

07 Nov 2014

IoM propose state pension age of 74

IoM propose state pension age of 74

The Isle of Man treasury has proposed increasing state pension age to 74 to ensure the national insurance fund, from which state pension is paid, does not run out of money.

07 Nov 2014

Jonathan Sealey, CEO of Hope Capital

Jonathan Sealey, CEO of Hope Capital

We spoke to Jonathan Sealey, CEO of specialist property bridging finance company Hope Capital, about the future of bridging finance.

07 Nov 2014

Bovis: completions up 30% on last year

Bovis: completions up 30% on last year

In an interim management statement the home builder said it remained on course to deliver a strong result for 2014 and is targeting volumes of around 3,650 homes, an increase of approximately 30% compared to 2013.

07 Nov 2014

FSCS compensation payouts approach £1bn

FSCS compensation payouts approach £1bn

Compensation paid out by the Financial Services Compensation Scheme to customers of failed advice firms has so far totaled almost £1bn.

07 Nov 2014

Intelliflo: advisers want more from pension product providers

Intelliflo: advisers want more from pension product providers

Just one in five (21%) professionals working in UK adviser firms believe product providers have responded well to the government’s recent pension reforms, according to a survey by adviser software specialists, Intelliflo.

07 Nov 2014

Scottish Mortgage Investment Trust sees jump in assets

Scottish Mortgage Investment Trust sees jump in assets

The Scottish Mortgage Investment Trust has delivered strong performance in the six months to September 30, according to its half-yearly report, including a 9% increase in its net asset value per share and a 12.1% increase in its share price.

07 Nov 2014

Average HTB2 deposit falls to under £9,000 as purchase prices dip

Mortgages

Average HTB2 deposit falls to under £9,000 as purchase prices dip

New data from Mortgage Advice Bureau shows that Help to Buy mortgage guarantee deposits fell by 3% between August and September, while average purchase prices fell 6% over the same period.

07 Nov 2014

UK alternative finance market set to double in 2015

UK alternative finance market set to double in 2015

The alternative finance market is set to double in size next year, with the sector set to reach a value of £4.4 billion as peer-to-peer lending, invoice trading and crowdfunding shift into the mainstream.

07 Nov 2014

Third have less than a month's income in savings

Third have less than a month's income in savings

The latest Lloyds Bank Savings Index shows a stable picture for the nation’s savers, yet despite the continued economic improvement, savings levels remain low.

07 Nov 2014

BTL property to hit £1 trillion in 2015

BTL property to hit £1 trillion in 2015

The value of property owned by landlords in Great Britain is set to break the £1 trillion pound barrier next year, according the Kent Reliance’s inaugural Buy to let Britain report.

06 Nov 2014

BoE holds interest rate at 0.5%

BoE holds interest rate at 0.5%

The Bank of England has kept the benchmark interest rate on hold at a record low of 0.5% for the 68th month in a row, despite increased pressure on policymakers to start thinking about the first hike in over seven years.

06 Nov 2014

Sesame restricted panel providers deny breaching FCA rules

Sesame restricted panel providers deny breaching FCA rules

All seven product providers featured on Sesame's restricted advice panel have denied breaching the regulator's rules on inducements.

06 Nov 2014

FLA: Second mortgages up 41% in value

FLA: Second mortgages up 41% in value

New figures released by the Finance & Leasing Association show 12% growth in consumer finance new business in September, compared with the same month last year.

06 Nov 2014

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