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Leeds BS launch sub-2% fix

Leeds BS launch sub-2% fix

Leeds Building Society has refreshed its range of competitive two and three year fixed rate mortgages.

11 Dec 2014

CML: BTL mortgages up 22%

CML: BTL mortgages up 22%

The latest CML data on the characteristics of lending in October of 2014 has shown that compared to October 2013, the number of buy-to-let loans increased by 22% and the value of these loans went up 29%.

11 Dec 2014

CML: remortgage lending down 11%

CML: remortgage lending down 11%

The latest CML data on the characteristics of lending in October of 2014 has shown that remortgage lending activity saw a decline month-on-month in October, with the number of remortgage loans totalling 26,600.

11 Dec 2014

CML: lending to homemovers up 10%

young ftb couple with boxes

CML: lending to homemovers up 10%

The latest CML data on the characteristics of lending in October of 2014 has shown that lending to home movers strengthened month-on-month.

11 Dec 2014

CML: FTB lending up 22%

CML: FTB lending up 22%

The latest CML data on the characteristics of lending in October of 2014 has shown that lending to first-time buyers rose 22% year-on-year.

11 Dec 2014

Saffron BS appoints new CEO

Saffron BS appoints new CEO

Saffron Building Society has today announced the appointment of Mike Kirsch as interim Chief Executive Officer.

11 Dec 2014

FCA: annuity practices need "significant improvements"

FCA: annuity practices need "significant improvements"

The Financial Conduct Authority has today published the findings of its review into annuity sales and the retirement income market to see how the pension reforms would develop the market.

11 Dec 2014

AToM and Skipton launch Ex-Pat exclusive

AToM and Skipton launch Ex-Pat exclusive

All Types of Mortgages Ltd has today announced a new Ex-Pat mortgage range with Skipton International.

11 Dec 2014

High-LTV approvals down 12%

High-LTV approvals down 12%

Lending to higher LTV borrowers fell 12% year-on-year, according to the latest Mortgage Monitor from e.surv.

11 Dec 2014

Northern Rock to pay borrowers £258m compensation

Northern Rock to pay borrowers £258m compensation

More than 40,000 borrowers are due compensation after London's High Court today ruled against former bank Northern Rock over the wording in past loan documents.

10 Dec 2014

 

Third of borrowers can't afford £100 mortgage increase

Third of borrowers can't afford £100 mortgage increase

A third of UK mortgage borrowers would not be able to afford their repayments if they increased by £100-£199 a month, according to research by Legal & General Mortgage Club.

10 Dec 2014

FCA cancels exec bonuses following investigation

FCA cancels exec bonuses following investigation

Clifford Chance partner Simon Davis has today published his report criticising executives over a blunder that affected insurance companies' share prices.

10 Dec 2014

Price fears deter 91% from moving

Price fears deter 91% from moving

Recent research from eMoov exploring the UK's biggest fears when buying or selling property, has found that 86% could be deterred from buying and 91% said they have worries about selling up.

10 Dec 2014

BCC: GDP downgrade vital to sustainable economy

BCC: GDP downgrade vital to sustainable economy

The British Chambers of Commerce has today announced that despite downgrading its GDP growth forecast, the UK economy has experienced the fastest growth since 2007.

10 Dec 2014

Vantage Finance expands sales team

Vantage Finance expands sales team

Vantage Finance has hired Tim Bennett as Head of Sales, in a move the company says will "increase its new business levels and provide introducers with a lead contact."

10 Dec 2014

Advisers warn of pension reform risks

Advisers warn of pension reform risks

77% of retirement advisers have said that the risk of customers spending all of their pension fund is the biggest threat to the success of pension reforms, according to research by MetLife.

10 Dec 2014

Over 55s see post-recession prosperity

Over 55s see post-recession prosperity

Aviva’s latest Real Retirement research has shown that Britain’s over-55s have seen an income rise of 21%, and their total savings typically increase by more than £10,000 since the depths of the recession.

10 Dec 2014

50% who raid savings blame poor returns

50% who raid savings blame poor returns

According to new research from Prudential, savers blame poor rates of return on savings and investments for more than £4.3 billion of unplanned withdrawals.

10 Dec 2014

Coventry cuts high LTV rates by up to 0.26%

Coventry cuts high LTV rates by up to 0.26%

Coventry Building Society has today announced rate reductions on high LTV 2 and 5 year fixed rate mortgages.

09 Dec 2014

FOS: We won't charge complaint fee

FOS: We won't charge complaint fee

The Financial Ombudsman Service has rejected the suggestion that it should charge consumers “a nominal fee of £50 to £100”, claiming this would prevent those suffering hardship from using its service.

09 Dec 2014

Partnership complete UK's largest bulk annuity transaction

Partnership complete UK's largest bulk annuity transaction

Partnership Assurance Group today have today announced the completion of the UK's largest medically underwritten bulk annuity transaction.

09 Dec 2014

FCA to cancel exec bonuses after insurance investigation

FCA to cancel exec bonuses after insurance investigation

The FCA is set to cancel several senior executive bonuses prior to the release of a report criticising executives over a blunder that affected insurance companies' share prices.

09 Dec 2014

Aegon to combine drawdown and guarantees

Aegon to combine drawdown and guarantees

Aegon has today announced further details of its platform changes ahead of the pension reforms next April.

09 Dec 2014

Fixed-rate popularity reaches 7 year peak

Fixed-rate popularity reaches 7 year peak

The Bank of England and FCA's Mortgage Lenders and Administrators statistics for 2014 Q3 have shown that the amount of people choosing fixed rate mortgages increased for the eighth consecutive quarter to 82.6% in Q3 2014, the highest proportion since MLAR statistics began in 2007.

09 Dec 2014

CML: mortgage lending up 15% in 2014

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CML: mortgage lending up 15% in 2014

CML's annual member review, released today, has analysed the mortgage market over the past twelve months.

09 Dec 2014

Y3S acquire Chaseblue Loans

Y3S acquire Chaseblue Loans

Y3S Group Limited yesterday completed the acquisition of 50% of Chaseblue Loans Ltd.

09 Dec 2014

ASTL hits membership target

ASTL hits membership target

The Association of Short Term Lenders has recruited another new associate member, Wilkins Kennedy LLP, bringing the ASTL’s membership to 28 this year and its associate membership numbers to 16, achieving a target that was set at the beginning of its financial year.

09 Dec 2014

3.7m employees unaware of financial products

Retirement

3.7m employees unaware of financial products

Almost 1 in 7 UK employees are in the dark when it comes to pensions and insurance benefits available through their workplace, according to new research by Friends Life.

09 Dec 2014

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