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Broker Conveyancing: transaction and remortgage levels continue to rise

Broker Conveyancing: transaction and remortgage levels continue to rise

Broker Conveyancing, the broker-focused conveyancing distributor, has today revealed its transaction and remortgage instruction levels have continued to show a month-on-month rise.

13 Nov 2014

Shawbrook announces record loan figures

Shawbrook announces record loan figures

Shawbrook has announced record September and October figures for its short-term loan products.

13 Nov 2014

Aegon UK earnings up 13% to £22 million

Aegon UK earnings up 13% to £22 million

Aegon's Q3 results, published today, showed earnings before tax up 13% to £22 million.

13 Nov 2014

Virgin Money announce share price

Virgin Money announce share price

Virgin Money have today announced the pricing of their initial public offering at 283 pence per share.

13 Nov 2014

House purchase lending stabilises in October

House purchase lending stabilises in October

House purchase approvals perked up in October after three consecutive months of slowdown as the house purchase market stabilises, according to the latest Mortgage Monitor from e.surv.

13 Nov 2014

October sees record number of mortgages via brokers

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October sees record number of mortgages via brokers

Mortgage applications from homebuyers and remortgaging homeowners reached their highest point of 2014 during October, according to the National Mortgage Index from Mortgage Advice Bureau.

13 Nov 2014

NEST launches adviser auto-enrolment tool

NEST launches adviser auto-enrolment tool

About 5,000 small and micro businesses will look to IFAs for auto-enrolment support as they hit their staging dates in 2015, according to NEST research.

12 Nov 2014

Paragon Bank unveils two new savings accounts

Paragon Bank unveils two new savings accounts

From today, savers with Paragon Bank can choose a fixed rate savings account for a one, two or three year term and earn 1.75%, 2.10% and 2.50% AER respectively on balances from £1,000 to £100,000.

12 Nov 2014

BoE's Mark Carney: bank rate rise will be gradual

BoE's Mark Carney: bank rate rise will be gradual

In the Bank of England's November inflation report, published today, Mark Carney said that UK economic conditions are continuing to normalise.

12 Nov 2014

ASA bans payday loan ad

ASA bans payday loan ad

Two TV ads from online credit lender Sunny have come under fire from the ASA following ten viewer complaints.

12 Nov 2014

 

Hinckley & Rugby cut rates on seven mortgages

Hinckley & Rugby cut rates on seven mortgages

Hinckley & Rugby Building Society has cut the interest rates on seven mortgages.

12 Nov 2014

Mortgage Trust updates fixed and tracker rates

Mortgage Trust updates fixed and tracker rates

Specialist buy-to-let lender Mortgage Trust has updated rates across its fixed and tracker rate products.

12 Nov 2014

Ulster Bank fined £2.75m over IT glitch

Ulster Bank fined £2.75m over IT glitch

Royal Bank of Scotland's Irish unit, Ulster Bank, has been fined £2.75m (3.5m euros) by the Central Bank of Ireland over a 2012 IT meltdown which left around 600,000 customers unable to use their accounts for up to a month.

12 Nov 2014

Buyers pay £46,600 premium for rural homes

Buyers pay £46,600 premium for rural homes

Countryside properties continue to command a substantial price premium over urban homes, according to the latest research from Halifax. On average, homes in rural areas in Great Britain are £46,575 (or 26%) higher in price than in urban areas.

12 Nov 2014

Hoyl Underwriting's new PI approach sees strong results

Hoyl Underwriting's new PI approach sees strong results

Hoyl Underwriting Management, which is taking a new approach to intermediary PI insurance, has reported a strong influx of enquiries from adviser firms looking to manage the escalating costs of PI cover.

12 Nov 2014

Extra cost of 95% LTVs hits record high

Extra cost of 95% LTVs hits record high

The widening price gap between 75% and 95% loan to value mortgages meant the extra borrowing cost for buyers with 5% deposits hit a record high in September, according to the Genworth/Moneyfacts Mortgage LTV Tracker.

12 Nov 2014

FCA hits five banks with record £1.1bn fine for forex failings

FCA hits five banks with record £1.1bn fine for forex failings

The Financial Conduct Authority has imposed record fines totalling £1.1bn on five banks for forex failings.

12 Nov 2014

FSE announces dates for three 2015 shows

FSE announces dates for three 2015 shows

Front Events has announced three dates for its Financial Services Expo shows in 2015.

11 Nov 2014

Capita preferred bidder for Co-op Bank mortgage contract

Capita preferred bidder for Co-op Bank mortgage contract

The Co-operative Bank has selected Capita as preferred bidder to transform its mortgage servicing operation in the UK.

11 Nov 2014

1 in 6 renegotiated mortgage terms to keep up with repayments

1 in 6 renegotiated mortgage terms to keep up with repayments

One in six homeowners have revealed that in the past three years they have been forced to make changes to their mortgage or reach a new agreement with their lender in order to keep up with their repayments.

11 Nov 2014

Friends Life see 11% sales increase despite budget reforms

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Friends Life see 11% sales increase despite budget reforms

Friends Life’s interim management statement, published today, shows a sales increase of 11% in 2014 despite the budget reforms impacting retirement income business.

11 Nov 2014

Nationwide transactions double since crisis

Nationwide transactions double since crisis

London Central Portfolio have analysed the Quarterly Land Registry data released yesterday, which showed an increase in annual transactions of 27.8%, with transactions almost doubling since the credit crunch.

11 Nov 2014

CML: BTL loans up 18%

CML: BTL loans up 18%

New CML data has shown that the number of buy-to-let loans increased by 15% compared to August and 18% compared to Q3 2013.

11 Nov 2014

CML: Home lending at highest level since 2007

CML: Home lending at highest level since 2007

New CML data has shown that although house purchase lending fell in September, Q3 results showed an increase of 13% on Q2 and 21% year on year.

11 Nov 2014

CML: Lending to home movers sees 10% drop

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CML: Lending to home movers sees 10% drop

New CML data on the characteristics of lending has shown that lending to home movers has weakened month-on-month for the second month in a row.

11 Nov 2014

Castle Trust launches 'Flexible Zero' mortgage

Castle Trust launches 'Flexible Zero' mortgage

Castle Trust Capital has today launched a new product branded the Flexible Zero Mortgage which offers a compelling alternative to more conventional forms of short and medium term finance.

11 Nov 2014

CML: FTB lending sees second monthly decline

Mortgages

CML: FTB lending sees second monthly decline

New CML data on the characteristics of lending has shown that lending to FTBs fell slightly in September.

11 Nov 2014

Smart Money launches incentive scheme

Smart Money launches incentive scheme

Smart Money, the intermediary focused secured loan distributor, has launched its new Smart Reward incentive scheme for pre-Christmas completions.

11 Nov 2014

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