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Charles Haresnape of Aldermore re-elected to IMLA chair

Charles Haresnape of Aldermore re-elected to IMLA chair

The Intermediary Mortgage Lenders Association has confirmed the re-election of Charles Haresnape as its Chairman following a vote by members of its Executive Committee.

21 Nov 2014

Metro Bank cuts rates on 2-year range

Metro Bank cuts rates on 2-year range

From 21 November 2014, Metro Bank is reducing rates on its residential 2 year fixed rate and tracker mortgages.

21 Nov 2014

NatWest reduces 2, 3, and 5-year fixed rates

Mortgages

NatWest reduces 2, 3, and 5-year fixed rates

NatWest Intermediary Solutions will be introducing rate reductions to the majority of its core intermediary range tomorrow.

20 Nov 2014

Tesco Bank cut rates across mortgage range

Tesco Bank cut rates across mortgage range

Tesco Bank is to help more customers buy their own home by further cutting the interest rate on a number of their mortgages.

20 Nov 2014

Fleet becomes NACFB patron

Mortgages

Fleet becomes NACFB patron

Fleet Mortgages has today announced it has become a full Patron of the National Association of Commercial Finance Brokers, the UK’s trade body for business finance brokers.

20 Nov 2014

DC pension funds struggle to hit value for money guidelines

DC pension funds struggle to hit value for money guidelines

An analysis of defined contribution pension plans has revealed that many trustees are struggling to hit some of the expectations outlined in the Pensions Regulator’s DC code of practice.

20 Nov 2014

CML: Gross mortgage lending up 5% month-on-month

CML: Gross mortgage lending up 5% month-on-month

The Council of Mortgage Lenders estimates that gross mortgage lending reached £19 billion in October.

20 Nov 2014

VitalityLife launches three new products

VitalityLife launches three new products

Recently rebranded VitalityLife - formerly PruProtect - has launched three new products just a week after Discovery acquired the entire share capital last week.

20 Nov 2014

Challenge to bankers' bonus cap is rejected

Challenge to bankers' bonus cap is rejected

The bid to overturn an EU cap on bankers' bonuses has been rejected by an advocate general at the European Court of Justice who says European Union law limiting bonuses is 'valid'.

20 Nov 2014

Prestige revamps prime product range

Prestige revamps prime product range

Prestige Finance has unveiled a new product and improved pricing on its prime product range.

20 Nov 2014

 

CBFL acquire Mayfair Bridging

CBFL acquire Mayfair Bridging

Capital Bridging Finance Limited have today announced the acquisition of Mayfair Bridging.

20 Nov 2014

RBS fined £56m over IT failings

RBS fined £56m over IT failings

The Financial Conduct Authority has today fined the Royal Bank of Scotland, NatWest and Ulster Banks £42 million for IT failures which occurred in June 2012 and meant that the Banks’ customers could not access banking services.

20 Nov 2014

Skipton cuts two year fixes by up to 0.56%

Skipton cuts two year fixes by up to 0.56%

Skipton Building Society is tomorrow lowering interest rates by as much as 0.56% on its residential two year fixed rate mortgage range.

19 Nov 2014

Treasury Financial Secretary: industry experts vital to pension reforms

Treasury Financial Secretary: industry experts vital to pension reforms

David Gauke, The Financial Secretary to the Treasury, has today given an overview of the government's pension reforms at the Westminster and City annuities and drawdown conference.

19 Nov 2014

FCA 'immune' from adviser court case

FCA 'immune' from adviser court case

An adviser has been told he cannot take legal action against the FCA for allegedly libelling him and his wife.

19 Nov 2014

FSE London 2014 - Roger Morris, Precise Mortgages

FSE London 2014 - Roger Morris, Precise Mortgages

Roger Morris of Precise Mortgages spoke to Financial Reporter at the recent FSE London show about all things buy to let, including the problem of over-legislating the BTL market, leading the way for self-employed consumers, and the issue of BTL fraud. He discussed the responsibility of brokers to examine buy to let cases and fully understand a client's situation before submitting cases to lenders in order to cut down on fraud, and noted that this would help to combat incorrect applications.

19 Nov 2014

TMW unveils new BTL rental stress rate

TMW unveils new BTL rental stress rate

From tomorrow, The Mortgage Works will be increasing their Buy to Let rental stress rate from 4.99% to 5.49% for applications between 65% and 75% LTV.

19 Nov 2014

Reliance Mutual launch "two-in-one" protection range

Reliance Mutual launch "two-in-one" protection range

Reliance Mutual have today launched the 'There' brand, an online direct-to-consumer basic protection plan and life insurance policy.

19 Nov 2014

Mortgages for Business rebrands

Mortgages for Business rebrands

Mortgages for Business has today announced the official launch of its new website and corporate identity.

19 Nov 2014

BoE: MPC vote 7-2 to maintain 0.5% interest rate

BoE: MPC vote 7-2 to maintain 0.5% interest rate

Bank of England policymakers decided to maintain its key rate at 0.50% in a split vote at Monetary Policy Committee held on November 5 and 6.

19 Nov 2014

Buyers are better off than renters within five years

Buyers are better off than renters within five years

Homeowners with mortgages pay £316 more on average per month compared to those renting equivalent properties, according to leading property website Zoopla.

19 Nov 2014

LSL Scotland HPI: Home sales recover in September, but prices fall

LSL Scotland HPI: Home sales recover in September, but prices fall

The latest House Price Index from LSL Property Services has shown that average Scottish house prices fell 0.4% or £587 over the month, slowing annual change to just 5.1%.

19 Nov 2014

Women closing gap on retirement planning

Women closing gap on retirement planning

The number of women saving adequately for retirement has shifted from a record low to a four-year high in the last 12 months, according to Scottish Widows’ annual Women and Retirement Report.

19 Nov 2014

Second Steppers need extra £58k

Second Steppers need extra £58k

According to the fourth annual Second Steppers Report from Lloyds Bank, those living in their first home are increasingly looking to move into bigger four bedroom detached houses, reducing the number of steps they’re taking on the property ladder to get to their long term family home.

19 Nov 2014

Lenders and sourcing systems – a new era dawns…

Matt Howe Mortgage 27

Lenders and sourcing systems – a new era dawns…

Ever since mortgage data was first published for monthly analysis in the early 1990s, there has existed something of an uneasy truce between sourcing systems, and indeed third party providers of product data, and the lending community.

18 Nov 2014

Intelliflo appoints new CEO

Intelliflo appoints new CEO

Intelliflo today announces the appointment of Hamish Purdey as CEO, with Nick Eatock moving up to the role of Executive Chairman.

18 Nov 2014

Otto Thoresen leaves ABI for Nest chairman role

Otto Thoresen leaves ABI for Nest chairman role

Association of British Insurers director-general Otto Thoresen is leaving the Association of British Insurers next February to become chairman of Nest.

18 Nov 2014

FCA approves Skipton's HML sale

FCA approves Skipton's HML sale

The acquisition of Skipton Building Society's Homeloan Management Limited has today been finalised, after approval was granted by the Financial Conduct Authority.

18 Nov 2014

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