Latest News

Govt to sell £3bn Lloyds shares

Latest News

Govt to sell £3bn Lloyds shares

Yesterday, Chancellor George Osborne furthered plans to return Lloyds Banking Group to private ownership by announcing that the government will sell part of its remaining shareholding in the firm.

18 Dec 2014

Ageas and Virgin to launch home insurance range

Ageas and Virgin to launch home insurance range

Ageas UK and Virgin Money have entered into an agreement that will see both businesses work together to create a range of home and motor insurance products for the UK market during 2015.

17 Dec 2014

A healthier mortgage market - thanks to building societies

A healthier mortgage market - thanks to building societies

Much of the end of year focus for the mortgage market in 2014 will perhaps talk about ‘a game of two halves’ whereby the perceived assumption is that lenders, to quote the FCA, “filled their boots’ prior to April 26th, and hit the brakes after it.

17 Dec 2014

Skipton reduces fixed rates

Skipton reduces fixed rates

Starting from tomorrow, Skipton Building Society will reduce interest rates on all of its current residential 3 and 5 year fixed rate mortgages.

17 Dec 2014

Was 2014 a watershed year for alternative funding in the UK?

Was 2014 a watershed year for alternative funding in the UK?

The terms ‘challenger bank’ and ‘alternative funding’ were virtually unheard of before 2007. However, in recent years they have started to receive considerable attention, and their importance & influence on today’s financial landscape is undeniable.

17 Dec 2014

Dudley appoints new Head of Lending

Dudley appoints new Head of Lending

Dudley Building Society has today announced it will appoint Jonathan Moore as its new Head of Lending following the departure of Steve Sandiford at the end of January.

17 Dec 2014

TSB launches 10 year flexible fix

TSB launches 10 year flexible fix

TSB has today launched a new 10 year Fix and Flex mortgage which allows homeowners to refinance or leave the mortgage after five years, without having to pay an early repayment charge.

17 Dec 2014

Metro Bank extends intermediary lending area

Metro Bank extends intermediary lending area

From today, Metro Bank is widening its lending area for intermediaries.

17 Dec 2014

BoE committee members continue to push for rate rise

BoE committee members continue to push for rate rise

Two of the nine Monetary Policy Committee members continued to vote for a Bank Rate increase of 25 basis points in the latest meeting.

17 Dec 2014

1 in 6 can't afford mortgage payments

1 in 6 can't afford mortgage payments

One in six people had to borrow money to pay October’s rent or mortgage, according to new research conducted for the Debt Advisory Centre.

17 Dec 2014

 

Property discounts at two year high

Property discounts at two year high

33% of all UK properties currently on sale have seen their asking price lowered at least once since coming to the market, up from 27% in early 2014 and the highest proportion of discounting since August 2012.

17 Dec 2014

Wonga caps loans at FCA's maximum rate

Wonga caps loans at FCA's maximum rate

Wonga has reduced the interest on its payday loans to 0.8%, the maximum rate of interest allowed by the FCA.

17 Dec 2014

Connect Mortgage Club to offer second charge BTL products

Connect Mortgage Club to offer second charge BTL products

Connect Mortgage Club has added The Loans Engine to its panel, providing its members with access to second charge BTL products.

17 Dec 2014

Income drawdown allowance falls to record low

Income drawdown allowance falls to record low

The maximum income that can be taken from income drawdown and fixed term annuity contracts will fall by 0.5% to 2% next month, the lowest permitted amount and its lowest level in over two years.

17 Dec 2014

CML predicts lending to hit eight year high

CML predicts lending to hit eight year high

CML's latest market forecasts have predicted that mortgage lending will ease back modestly in 2015 and thereafter broadly settle, reflecting uncertainties surrounding wider economic developments and housing activity.

16 Dec 2014

FCA exec apologises for insurance review failings

FCA exec apologises for insurance review failings

Clive Adamson has today apologised for his involvement in a blunder that affected insurance companies' share prices.

16 Dec 2014

A third will invest in government pensioner bonds

A third will invest in government pensioner bonds

Following George Osborne's announcement last week that the government’s 65 plus bonds will pay savers the best available interest rates, research by Saga Personal Finance has found that a third (34%) of over 65s say they plan to invest in the bonds when they launch in January.

16 Dec 2014

FCA: Improvements needed on adviser charging

FCA: Improvements needed on adviser charging

The FCA have today published a review on how firms disclose the cost of their advice, their scope of service, and the nature of their services to clients following the implementation of the Retail Distribution Review.

16 Dec 2014

Prudential launches flexible drawdown

Prudential launches flexible drawdown

Prudential has introduced a flexible drawdown option to its range of retirement solutions ahead of the April 2015 pension reforms.

16 Dec 2014

ONS: Cooling London market slows price growth

ONS: Cooling London market slows price growth

The Office for National Statistic's latest House Price Index has shown an average UK house price increase of 10.4% over the year to October 2014, driven in large part by an annual increase in London of 17.2%.

16 Dec 2014

Santander launches lowest ever ten year fix

Santander launches lowest ever ten year fix

Santander have announced the launch of its lowest ever ten year fixed rate mortgage, available from tomorrow at a rate of 3.44% up to 60% LTV.

16 Dec 2014

Inflation falls to 12-year low

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Inflation falls to 12-year low

According to the latest Consumer Price Index by the Office for National Statistics, the rate of inflation has fallen to a 12-year low, dropping to 1% in November from 1.3% in October.

16 Dec 2014

CMC joins TFC Homeloans panel

CMC joins TFC Homeloans panel

TFC Homeloans have today announced the addition of Cheshire Mortgage Corporation to their first charge panel.

16 Dec 2014

Santander cut loan rates

Santander cut loan rates

Santander have today announced rate reductions on personal loans of between £5,000 and £7,499 to 4.9% APR.

16 Dec 2014

Co-op: Recovery plan in place despite stress test failure

Co-op: Recovery plan in place despite stress test failure

Following news this morning that the Co-operative Bank has failed a series of stress tests from the Bank of England, it has announced a recovery plan to reduce its risk weighted assets, particularly historic residential mortgages inherited as part of the Britannia acquisition in 2009.

16 Dec 2014

Smart Money adds bridging service

Smart Money adds bridging service

Smart Money has announced that from next year it will be adding full bridging support for intermediaries to its services following a pilot scheme.

16 Dec 2014

Co-op Bank fails BoE stress tests

Co-op Bank fails BoE stress tests

Co-operative Bank has failed a series of stress tests from the Bank of England, it has been announced this morning.

16 Dec 2014

Remortgaging sees 'resurgence' despite cooling market

Remortgaging sees 'resurgence' despite cooling market

November has witnessed a resurgence in remortgaging activity, despite the rest of the UK housing market cooling, according to recent research from Connells Survey and Valuation.

16 Dec 2014

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