Latest News

Chelsea BS launches 0.98% tracker

Chelsea BS launches 0.98% tracker

Chelsea Building Society has today launched a base rate tracker with a current sub 1.00% rate of 0.98%, which is believed to be the lowest rate currently on sale.

05 Jun 2015

FCA announces new executive roles

FCA announces new executive roles

The Financial Conduct Authority has announced the appointments of two key executive roles, with Mark Steward becoming the new Director of Enforcement and Market Oversight and Barbara Frohn the new Director of Risk and Compliance Oversight.

05 Jun 2015

Fitch and Moody's announce further upgrades for Skipton

Fitch and Moody's announce further upgrades for Skipton

Skipton Building Society has received two assessments of its business from global credit rating agencies Fitch and Moody’s.

05 Jun 2015

Lloyds settles on record £117m FCA fine

Lloyds settles on record £117m FCA fine

The Financial Conduct Authority has issued its largest ever retail fine of £117m to Lloyds Banking Group for failing to treat their customers fairly when handling PPI complaints between March 2012 and May 2013.

05 Jun 2015

HTB1 completions down 43% in Q1

HTB1 completions down 43% in Q1

The Government’s Help to Buy equity loan scheme for new-build properties has seen five consecutive months of completions declining year-on-year.

05 Jun 2015

Second Steppers sitting on £87k equity boost

Second Steppers sitting on £87k equity boost

A report by Lloyds Bank has revealed that conditions for Second Steppers have significantly improved over the past five years, with most benefiting from an influx of first time buyers and surging house prices which have led to an equity boost.

05 Jun 2015

New guidance for payday loan ads revealed

New guidance for payday loan ads revealed

The Committee of Advertising Practice - independently administered by the ASA - has published new Guidance to bolster the rules that prevent ads trivialising the serious nature of taking out short-term high-cost loans.

04 Jun 2015

Virgin Money reduces rates across mortgage range

Virgin Money reduces rates across mortgage range

Virgin Money has announced a number of rate cuts to its residential and buy-to-let mortgage ranges.

04 Jun 2015

HSBC fined record £27.8m in money laundering case

HSBC fined record £27.8m in money laundering case

HSBC has been fined 40 million Swiss francs (£27.8m) by the Geneva authorities for helping wealthy UK customers to avoid paying taxes and laundering money from illicit sources in the bank’s Swiss subsidiary.

04 Jun 2015

Natwest Intermediary launches 1.93% 3 year fix

Natwest Intermediary launches 1.93% 3 year fix

From tomorrow, NatWest Intermediary Solutions is reducing rates on its 3 year fixed rate deals, bringing its 60% LTV mortgage down to 1.93%.

04 Jun 2015

 

The Mansfield appoints new Chairman and Director

The Mansfield appoints new Chairman and Director

The Mansfield Building Society has announced the appointment of Jeremy Cross as Chairman and Colin Bradley as a Non-Executive Director following the retirement of outgoing Chairman, Nigel Tamplin.

04 Jun 2015

BoE holds base rate at 0.5%

BoE holds base rate at 0.5%

The Bank of England’s Monetary Policy Committee at its meeting on 3 June voted to maintain Bank Rate at 0.5%.

04 Jun 2015

Jerrold Holdings announces exec shake-up

Jerrold Holdings announces exec shake-up

The Board of Directors of Jerrold Holdings, parent company of Blemain, have announced two executive resignations.

04 Jun 2015

FCA to fine Lloyds record £100m

Latest News

FCA to fine Lloyds record £100m

Lloyds is expected to be hit with a fine of at least £100m for failings in its PPI complaint handling processes.

04 Jun 2015

FTBs make up 26% of April sales

FTBs make up 26% of April sales

A quarter (26%) of house sales were made to first time buyers in April, up from 22% in March, according to the National Association of Estate Agents' April Housing Market Report.

04 Jun 2015

Precise expands conveyancer panel

Precise expands conveyancer panel

Precise Mortgages has expanded its conveyancer panel as a result of feedback from brokers and borrowers.

04 Jun 2015

Friends Life withdraws flexible drawdown option

Friends Life withdraws flexible drawdown option

After previously announcing that it would offer flexible drawdown to customers following the pension reforms in April, Friends Life has reversed its decision.

04 Jun 2015

TSB Intermediary adds two networks to panel

TSB Intermediary adds two networks to panel

Two more networks, HomeLoan Partnership and The Online Partnership Group, have joined TSB's broker panel and will now be able to recommend TSB mortgages.

04 Jun 2015

FHL adds TBMC to panel and launches development team

FHL adds TBMC to panel and launches development team

Foundation Home Loans, the new specialist buy-to-let lender, has appointed TBMC as one of its key distributors in the UK.

04 Jun 2015

Stephen Johnson promoted to Shawbrook Deputy CEO

Stephen Johnson promoted to Shawbrook Deputy CEO

Stephen Johnson, Managing Director of Shawbrook’s Commercial Mortgages Division, has been promoted to Deputy CEO of Shawbrook Bank, and will join the Board of the Company with immediate effect.

04 Jun 2015

TISA: FCA directive will cause "higher costs and risk for firms"

TISA: FCA directive will cause "higher costs and risk for firms"

TISA has warned that many asset managers, distributors, wealth managers, life and pensions companies and firms for whom D2C is important are unaware of the implications of the FCA's MiFID II Directive.

04 Jun 2015

Halifax: supply at "lowest level for many years"

Halifax: supply at "lowest level for many years"

The stock of homes available for sale fell further in April and is currently at its "lowest level for many years", according to the latest Halifax house price index.

04 Jun 2015

Ipswich BS launches new broker proposition

Ipswich BS launches new broker proposition

Ipswich Building Society has launched a dedicated broker brand and new proposition as it seeks to strengthen its commitment to the sector.

03 Jun 2015

UK homeowners save £701m since Stamp Duty reforms

UK homeowners save £701m since Stamp Duty reforms

UK homeowners have saved £701 million in the six months since the introduction of the Stamp Duty Land Tax reforms on December 4th 2014, according to myhomemove.

03 Jun 2015

HTB still providing boost to first time buyers

HTB still providing boost to first time buyers

The quarterly Help to Buy mortgage guarantee figures, released today, show that 46,877 mortgages have been completed with the support of the scheme.

03 Jun 2015

Mortgage Trust widens product range

Mortgage Trust widens product range

Mortgage Trust, part of Paragon Mortgages, has refreshed its product range, updating its fixed rate products and introducing a new fixed rate.

03 Jun 2015

Fitch upgrades Paratus AMC's servicer ratings

Fitch upgrades Paratus AMC's servicer ratings

Paratus AMC, parent company of BTL lender Foundation Home Loans, has seen the work it has undertaken on its existing mortgage book rewarded by having its UK Special Servicer Ratings upgraded from ‘RSS2’ to ‘RSS2+’ by Fitch Ratings.

03 Jun 2015

Skipton reduces rates across all 3 year fixes

Skipton reduces rates across all 3 year fixes

From tomorrow, Skipton Building Society is launching a new residential Fixed Rate mortgage with cuts of up to 0.30%.

03 Jun 2015

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