Latest News

AFH's assets reach £900m with Knight O’Byrne acquisition

AFH's assets reach £900m with Knight O’Byrne acquisition

Consolidator AFH Financial has acquired the assets of Cornwall-based chartered financial planners Knight O’Byrne Limited for a maximum of £1.2m, adding £51m of funds under management.

03 Nov 2014

Virgin Money's mortgage completions up 19% in Q3

Virgin Money's mortgage completions up 19% in Q3

Virgin Money has announced increased gross mortgage lending during Q3 with mortgage completions 19% higher than the average of the first two quarters. The company’s mortgage book increased by 3% to £20.9 billion at the end of the quarter.

03 Nov 2014

Monmouthshire BS increases BTL proc fees

Monmouthshire BS increases BTL proc fees

Monmouthshire Building Society has increased procuration fees on Buy to Let, Holiday Lets and Buy for Uni mortgages submitted through intermediaries.

03 Nov 2014

Is there a difference between bridging finance and short term lending?

Is there a difference between bridging finance and short term lending?

[SPECIAL FEATURE: Keith Aldridge, Managing Director, Capital Bridging Finance Limited]

31 Oct 2014

Jeremy Duncombe, Director of Mortgages at Legal & General

Jeremy Duncombe, Director of Mortgages at Legal & General

Financial Reporter spoke to Jeremy Duncombe, Director of Mortgages at Legal & General, about how brokers should 'never' pick a lender based on proc fees and opportunities for remortgage.

31 Oct 2014

Yorkshire BS cuts rates on 95% fixes

Yorkshire BS cuts rates on 95% fixes

Yorkshire Building Society have today announced rate reductions for borrowers with a 5% deposit.

31 Oct 2014

Nearly half will turn to advisers for pension advice

Nearly half will turn to advisers for pension advice

Nearly half of consumers (44%) due to retire within the next decade will be looking to advisers to help them make financial choices, according to new research published today by leading insurer Zurich.

31 Oct 2014

FCA raises "serious concerns" over SIPP transfer scheme

FCA raises "serious concerns" over SIPP transfer scheme

“Serious concerns” have been raised by the Financial Conduct Authority over a pension transer scheme which has seen up to 100 savers switch as much as £4m into SIPPs with underlying investments in an AIM-listed company in return for cash back incentives.

31 Oct 2014

Sesame: pay-to-play schemes 'not uncommon'

Sesame: pay-to-play schemes 'not uncommon'

Sesame is "not alone" in selling places on its restricted panel of product providers to the highest bidder, executive chairman John Cowan has said, following news yesterday that the company received a £1.6m fine for the banned practice.

31 Oct 2014

BM Solutions reduces BTL rates

BM Solutions reduces BTL rates

BM Solutions is reducing its rates by up to 0.30% across its buy-to-let mortgage product transfer range.

31 Oct 2014

 

Countrywide completions up 15% in Q3

Countrywide completions up 15% in Q3

Countrywide has arranged 18,713 mortgages in the third quarter of the year, up 15% on last year.

31 Oct 2014

Aegon joins the Seven Families protection campaign

Aegon joins the Seven Families protection campaign

Aegon UK today announced that it is the latest provider to pledge its support to the Seven Families income protection campaign.

31 Oct 2014

RBS reports Q3 profits

RBS reports Q3 profits

RBS have today reported a third successive quarterly profit, improved capital and further progress in de-risking.

31 Oct 2014

Million pound home sales at record high

Million pound home sales at record high

The number of property sales worth at least a million pounds is at a record high, according to latest research from Lloyds Bank.

31 Oct 2014

Post-MMR buyers look for longer mortgage terms

Post-MMR buyers look for longer mortgage terms

Consumer appetite for mortgage finance is increasingly coming from higher earners under the new MMR affordability rules, according to the Q3 2014 Mortgage Search Tracker from Mortgage Advice Bureau.

31 Oct 2014

Blimey! appoints new BDM

Blimey! appoints new BDM

Blimey! Loans has appointed a new business development manager to spearhead growth in England and provide IFAs and brokers with more choice for their customers who require secured loans, commercial mortgages, bridging and development finance.

30 Oct 2014

A new face at Financial Reporter

Blogs

A new face at Financial Reporter

Hello!

30 Oct 2014

Government in discussions over BoE's housing market powers

Government in discussions over BoE's housing market powers

Today, the government is inviting responses to a consultation on which powers the independent Bank of England should have over the UK’s housing market.

30 Oct 2014

Sesame responds to FCA fine

Sesame responds to FCA fine

Following earlier news that Sesame has been fined £1,598,000 for setting up a pay-to-play scheme, the company has reached a settlement with the Financial Conduct Authority.

30 Oct 2014

ONS: workplace pension membership increased in 2013

ONS: workplace pension membership increased in 2013

In 2013, the percentage of people paying in to a workplace pension in the private sector increased for the first time since 2006, according to the pension scheme membership data published today by the ONS.

30 Oct 2014

FCA fines Sesame £1.5m

FCA fines Sesame £1.5m

Sesame Ltd, the UK’s largest network of financial advisers, has been fined £1,598,000 by the Financial Conduct Authority for setting up a pay-to-play scheme.

30 Oct 2014

NAB to sell Clydesdale and Yorkshire banks

NAB to sell Clydesdale and Yorkshire banks

The National Australia Bank, owner of Clydesdale and Yorkshire banks has said it is considering selling its UK businesses after a fall of nearly 10% in full-year profits.

30 Oct 2014

Aldermore unveils new rates

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Aldermore unveils new rates

Aldermore is increasing rates across three of its fixed-rate savings accounts following news it has surpassed 100,000 savings customers for the first time.

30 Oct 2014

Number of house hunters at ten year high

Mortgages

Number of house hunters at ten year high

House hunters are out in force as the number of people looking for a property for the month of September is at a ten year high.

30 Oct 2014

Santander launches new 1.94% fix

Santander launches new 1.94% fix

On Friday 31 October, Santander will be launching a range of new low fixed rate mortgages.

30 Oct 2014

54,000 homeowners created through Help to Buy

54,000 homeowners created through Help to Buy

New figures show Help to Buy is helping more people onto the property ladder and getting more homes built.

30 Oct 2014

Coventry BS launches sub-2%

Coventry BS launches sub-2%

Coventry Building Society launches new, highly competitive residential range including new Fixed rate and Flexx for Term options.

30 Oct 2014

Shawbrook promotes Rob Holt to Sales Executive

Shawbrook promotes Rob Holt to Sales Executive

Shawbrook Bank’s Rob Holt has been promoted to Sales Executive within the Commercial Division’s internal Sales Desk. His promotion recognises the value he continues to deliver within the sales team as one of the first points of contact for Shawbrook broker partners.

30 Oct 2014

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