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Equity withdrawal from remortgaging hits record high

Equity withdrawal from remortgaging hits record high

The average amount of equity withdrawn by customers through remortgaging rose to £28,200 in December, according to the latest figures from LMS.

23 Jan 2015

Prime London prices rise by up to £415 a day

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Prime London prices rise by up to £415 a day

Average London property values rose by £260 a day over last year, with Prime London homes rising in value by £95,000 in the past twelve months, according to estate agent Marsh & Parsons.

23 Jan 2015

Downsizers raise an average of £120k

Downsizers raise an average of £120k

An average of £121,686 can be potentially raised by downsizing to a semi-detached home – with London downsizers raising an average amount of £263,770.

23 Jan 2015

Annuity rates down 10% since August

Annuity rates down 10% since August

On average since August 2014 annuity rates have fallen by 10% and and are continuing to decline, according to My Pension Expert.

22 Jan 2015

Uinsure & Julian Harris in GI partnership

Uinsure & Julian Harris in GI partnership

Julian Harris network has appointed Uinsure as a preferred provider of GI services to its membership.

22 Jan 2015

ECB to launch €1trn quantitative easing plan

ECB to launch €1trn quantitative easing plan

The European Central Bank has announced plans to buy government bonds worth up to €60bn a month until September 2016 to stimulate the eurozone economy.

22 Jan 2015

Providers should curb poor decisions says Pensions Minister

Providers should curb poor decisions says Pensions Minister

Pensions Minister Steve Webb has revealed he is pushing the regulator to allow more leeway for pension providers to push back on clients they believe may be making poor decisions when new pension freedoms come into force from April.

22 Jan 2015

FCA bans two senior execs for compliance failings

FCA bans two senior execs for compliance failings

The Financial Conduct Authority has fined and banned two former senior executives of interdealer broker Martin Brokers for compliance and cultural failings at the firm.

22 Jan 2015

FTBs need up to 26 years to save deposit

FTBs need up to 26 years to save deposit

Families in London need almost 26 years to save for a deposit, couples without a child need over 13 years and single people up to 29 years, according to a recent Shelter report.

22 Jan 2015

Barclays strengthens insurance and intermediaries teams

Barclays strengthens insurance and intermediaries teams

Barclays has announced new appointments to its insurance and financial intermediaries teams.

22 Jan 2015

 

HLP adds TFC Homeloans to panel

HLP adds TFC Homeloans to panel

TFC Homeloans has been appointed to HLP Broker network’s panel of providers.

22 Jan 2015

Masthaven appoints department heads

Masthaven appoints department heads

Masthaven Finance, the specialist lender, has appointed Steve Brennan as Head of Underwriting for the Bridging division and Steve Earthy as Group Compliance Officer.

22 Jan 2015

CML: mortgage lending at six-year high

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CML: mortgage lending at six-year high

The Council of Mortgage Lenders estimates that gross mortgage lending reached £16.5 billion in December, remaining unchanged month-on-month compared to November but down 1% compared to December 2013.

22 Jan 2015

iPipeline and Openwork launch protection solution

iPipeline and Openwork launch protection solution

iPipeline - provider of solutions and services to the life and pensions market - has today unveiled its latest innovation for advisers working in the protection market.

22 Jan 2015

TISA appoints Director General

TISA appoints Director General

TISA, the financial services industry membership association, has today announced the appointment of David Dalton-Brown as Director General with immediate effect.

22 Jan 2015

Mortgageforce signs deal with The Source

Mortgageforce signs deal with The Source

Derby based brokerage Mortgageforce has signed an exclusive three year deal with The Source to provide a range of general insurance products to its national network of brokers.

21 Jan 2015

Is this a turning point for remortgage?

Is this a turning point for remortgage?

The festive season has soon become a distant memory as the new year brings with it increased momentum from all corners of the mortgage market.

21 Jan 2015

Rate rise uncertainty sees fixed-rate popularity subside

Rate rise uncertainty sees fixed-rate popularity subside

One in ten mortgage applicants opted for a variable rate mortgage in December, up from 6% twelve months ago and the highest proportion recorded since November 2012, as expectations of a 2015 interest rate rise continue to recede.

21 Jan 2015

Skipton axes seven-year fixes

Skipton axes seven-year fixes

Skipton Building Society have withdrawn their 7 year fixed range products from general sale due to lack of customer demand in the current interest rate environment.

21 Jan 2015

60% of brokers still expect 2015 rate rise

60% of brokers still expect 2015 rate rise

Three out of five (60%) brokers expect to see the Bank of England raise interest rates in the second half of 2015.

21 Jan 2015

Metro Bank deposits up 118%

Metro Bank deposits up 118%

Metro Bank's 2014 financial statements have shown that total deposits grew to £2,867 million, representing growth of 118% over 2014 and quarterly growth of 22%.

21 Jan 2015

All MPC members vote to maintain bank rate

All MPC members vote to maintain bank rate

The two MPC members who had previously pushed for a bank rate increase have backed down, stating that "risk would be increased by an increase in Bank Rate at the current juncture."

21 Jan 2015

Falling inflation eases house buying concerns

Falling inflation eases house buying concerns

The drop in inflation to 0.5% in December 2014 has corresponded with a steep drop in the proportion of consumers viewing interest rates aas a barrier to being able to buy a property, according to the Halifax Housing Market Confidence Tracker.

21 Jan 2015

The Nottingham launches high-LTV mortgage range

The Nottingham launches high-LTV mortgage range

The Nottingham have launched a range of eight new mortgages with high loan to value rates aimed specifically at first time buyers and people with low deposits.

21 Jan 2015

Masthaven launches hybrid bridging product

Masthaven launches hybrid bridging product

Masthaven Secured Loans has relaunched its hybrid Consumer Credit regulated second charge bridging product, having run a successful pilot scheme in 2014.

21 Jan 2015

IFA firm launches mortgage and protection offering

IFA firm launches mortgage and protection offering

Financial adviser Lighthouse Group plc has announced the launch of Lighthouse Mortgage and Protection Solutions in response to increasing demand for Mortgage and Protection planning assistance from customers.

21 Jan 2015

GE Money reduces rates by 0.6%

GE Money reduces rates by 0.6%

GE Money Home Lending has cut rates for new mortgage customers by 0.6% and is offering a completion fee free option on selected products across its GEM1 product range.

21 Jan 2015

Leeds BS simplifes gifted deposit policy

Leeds BS simplifes gifted deposit policy

Feedback from intermediaries has prompted Leeds Building Society to simplify its policy on gifted deposits for new build homes.

21 Jan 2015

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