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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

Pru Q3 profits up 28% as income drawdown sales soar

Pru Q3 profits up 28% as income drawdown sales soar

Prudential's Q3 report has shown a 28% increase in new business profit to £209 million and APE sales growth of 20% to £648 million during the first nine months of 2014.

18 Nov 2014

MAB: House price growth leaves homeowners with 26% more equity

MAB: House price growth leaves homeowners with 26% more equity

With today’s ONS House Price Index revealing a 12% annual increase in property prices, data from Mortgage Advice Bureau shows that homeowners have greatly benefited from improved housing equity, with those seeking to remortgage having 26% more equity compared with 12 months ago.

18 Nov 2014

Three in four seek flexible retirement options

Three in four seek flexible retirement options

Analysis by My Pension Expert pre and post Budget has shown that the pension landscape has already shifted significantly.

18 Nov 2014

Virgin Money makes further rate reductions

Virgin Money makes further rate reductions

Virgin Money has introduced a number of rate reductions across its mortgage range. All products are available with immediate effect.

18 Nov 2014

ONS HPI: house prices up 12.1%

ONS HPI: house prices up 12.1%

According to the Office for National Statistics, UK house prices increased by 12.1% in the year to September 2014, up from 11.7% in the year to August 2014, and the highest annual increase since July 2007.

18 Nov 2014

ONS: CPI grows by 1.3%

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ONS: CPI grows by 1.3%

Latest data from the Office for National Statistics has shown that the Consumer Prices Index grew by 1.3% in the year to October 2014, up from 1.2% in September.

18 Nov 2014

Brokers see a bright future for bridging

Brokers see a bright future for bridging

Two thirds (66%) of brokers expect the market for bridging and short term secured finance to expand over the next three years.

18 Nov 2014

Broker Conveyancing appoints new BDM

Broker Conveyancing appoints new BDM

Broker Conveyancing, the broker-focused conveyancing distributor, has today announced the appointment of a new BDM, Steve Emblem.

18 Nov 2014

Leeds BS launches interest only range

Leeds BS launches interest only range

Leeds Building Society has unveiled new Interest Only two and five year fee assisted fixed rate deals available up to 50% loan to value at rates of 2.49% and 3.19% respectively.

18 Nov 2014

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