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Tyrie: depositor protection drop is "absurd"

Tyrie: depositor protection drop is "absurd"

Commenting on the policy statement published today by the PRA announcing that the deposit protection limit will be reduced from £85,000 to £75,000, Andrew Tyrie MP, Chairman of the Treasury Committee, called the decision "absurd".

03 Jul 2015

The American Dream - following the US example on FTBs

The American Dream - following the US example on FTBs

The relationship between the UK and the USA is often described as being one of 'two nations divided by a common language' but despite the fact that the mother tongue can often be mangled, there are perhaps many more similarities than differences between the two countries.

03 Jul 2015

TSB Intermediary launches 95% LTV range

TSB Intermediary launches 95% LTV range

TSB Intermediary has launched a 95% LTV range with rates from 4.49%.

03 Jul 2015

By any other name - when does lending become 'mainstream'?

By any other name - when does lending become 'mainstream'?

I've recently been thinking about the word 'mainstream'. I mean what does this actually signify?

03 Jul 2015

FSCS deposit protection drops to £75,000

FSCS deposit protection drops to £75,000

The Prudential Regulation Authority has announced that for the majority of depositors currently covered by the FSCS, the existing level of deposit protection (£85,000) will be maintained for six months before changing to £75,000 after 31 December 2015.

03 Jul 2015

Barclays staff avoid disciplinary action after record FCA fine

Barclays staff avoid disciplinary action after record FCA fine

An FOI request to the FCA in regard to the highest ever regulatory banking fine levied against Barclays found that no Barclays employees were subject to disciplinary action by the FCA in connection with the offence.

03 Jul 2015

Countrywide Director to join Bellpenny as CEO

Countrywide Director to join Bellpenny as CEO

National wealth manager Bellpenny, owned by Oaktree Capital Management, has announced plans for a change in its board and senior management structure later this year.

03 Jul 2015

London to hit targets after boom in home approvals

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London to hit targets after boom in home approvals

A wave of new homes have cleared the planning system in the opening quarter of 2015, bringing London's official housing targets within feasible reach, according to the latest London New Homes Monitor from Stirling Ackroyd.

03 Jul 2015

Residential REIT joins AIM

Residential REIT joins AIM

K&C REIT plc, the first Central London-focused residential real estate group, has announced that admission and trading of its Ordinary shares will commence today at 8:00am on the London Stock Exchange's AIM.

03 Jul 2015

BoE deputy governor: Greek situation will 'test' UK defences

BoE deputy governor: Greek situation will 'test' UK defences

The Greek economic crisis is "very dangerous" and a Grexit would test the UK's defences, according to the Bank of England's deputy governor Sir Jon Cunliffe

03 Jul 2015

 

FTB transactions drop 18.1% as deposits rise

FTB transactions drop 18.1% as deposits rise

This year witnessed the lowest May for first-time buyer completions in three years as the election temporarily stalled the market and deposits costs climbed, according to the latest First-Time Buyer Tracker from Your Move and Reeds Rains.

03 Jul 2015

FTBs still outpace rest of market despite H1 drop

FTBs still outpace rest of market despite H1 drop

There were an estimated 139,500 first-time buyers in the first six months of 2015, a 7% reduction in purchases compared to the same period in 2014, and the first annual decrease since the first half of 2011.

03 Jul 2015

Mortgage Brain to launch secured loan sourcing system

Mortgage Brain to launch secured loan sourcing system

Mortgage Brain has announced a number of new service enhancements and product launches, including a new secured loan sourcing system.

02 Jul 2015

Teachers BS launches new fixed rate range

Teachers BS launches new fixed rate range

Teachers Building Society has launched four new purchase and remortgage products including a 2.69% 3 year discounted variable mortgage available up to 85% LTV.

02 Jul 2015

APAC Systems appoints Peter Heigho as MD

APAC Systems appoints Peter Heigho as MD

Peter Heigho has joined specialist financial technology business APAC Systems as its managing director.

02 Jul 2015

FCA reports £58.3m annual loss

FCA reports £58.3m annual loss

The FCA made a loss of £58.3m for the year ended 31 March 2015 - in line with expectations according to its 2014/15 Annual Report.

02 Jul 2015

FCA announces new supervision and authorisation divisions

FCA announces new supervision and authorisation divisions

The Financial Conduct Authority has confirmed the creation of two new divisions that would be responsible for the FCA's supervisory and authorisations work.

02 Jul 2015

Precise events raise over £17,000 for charity

Precise events raise over £17,000 for charity

Precise Mortgages managing director Alan Cleary's 5th annual Charity Games Night raised £5,280, with proceeds going to chosen charity Believe to Achieve.

02 Jul 2015

Government reduces Lloyds stake to below 16%

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Government reduces Lloyds stake to below 16%

The government has sold a further 1% shareholding in Lloyds Banking Group through the trading plan launched in December, taking the total raised for the taxpayer to over £12.5 billion and reducing the government's shareholding to below 16%.

02 Jul 2015

Optimism in property market slows

Optimism in property market slows

Optimism in the property market has slowed down, with fewer homeowners anticipating an increase in the value of their home over the next 12 months, according to research from Clydesdale and Yorkshire Banks.

02 Jul 2015

Hinckley & Rugby cuts high-LTV rates

Hinckley & Rugby cuts high-LTV rates

Hinckley & Rugby Building Society has cut the interest rates on four mortgages, including one at 95% LTV.

02 Jul 2015

3mc announces strong H1 growth

3mc announces strong H1 growth

3mc has announced strong growth during the first half of 2015 with the number of new broker registrations, mortgage enquiries, applications and completions all making significant gains.

02 Jul 2015

Magellan adds fixed rates to credit repair range

Magellan adds fixed rates to credit repair range

Magellan Homeloans, the specialist mortgage lender, has extended its credit repair product range to include a choice of 2 and 3 year fixed rates as well as a wider range of pricing options across its loan-to-value bands.

02 Jul 2015

Nationwide: annual price growth slows to two-year low

Nationwide: annual price growth slows to two-year low

UK house prices fell by 0.2% in June, according to the latest Nationwide house price index.

02 Jul 2015

Kent Reliance partners with SimplyBiz Mortgages

Kent Reliance partners with SimplyBiz Mortgages

Kent Reliance, the specialist intermediary lender and part of OneSavings Bank plc, has announced that, from today, members of SimplyBiz Mortgages will have direct access to its competitive and award winning mortgage range.

01 Jul 2015

SBG commits itself to mortgage advisers at inaugural conference

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SBG commits itself to mortgage advisers at inaugural conference

Sesame Bankhall Group has today committed itself to the development of its appointed representative network and PMS mortgage club at its inaugural national mortgage conference at The Hilton at St. George's Park, Burton upon Trent.

01 Jul 2015

Y3S employs Human Resources Manager

Y3S employs Human Resources Manager

Cardiff-based loan brokerage Y3S has again strengthened its top team with the appointment of Laura Strange to the role of Group Human Resources Manager.

01 Jul 2015

TSB slashes rates for existing customers

TSB slashes rates for existing customers

TSB has today announced it is cutting rates across its range of mortgages available to existing customers. Those with a TSB mortgage, looking to transfer to a new TSB deal when their previous one ends will benefit from rate cuts of 0.10 per cent.

01 Jul 2015

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