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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

Key Retirement appoints COO

Key Retirement appoints COO

Over-55s financial specialist KR Group, which trades as Key Retirement, has appointed Michael Schaefer as Chief Operating Officer.

21 Jan 2015

House deposits at 14 month high

House deposits at 14 month high

Average house purchase deposits reached a 14 month high in December, according to the National Mortgage Index from Mortgage Advice Bureau.

21 Jan 2015

 

Young people most realistic about retirement income

Young people most realistic about retirement income

The younger generation is more likely to actively save into a pension than their older counterparts, according to data from Friends Life.

21 Jan 2015

Six in ten plan to invest in 2015

Six in ten plan to invest in 2015

61% of people in the UK plan to invest in 2015, however a significant proportion won't make the most of the tax efficient options available to them.

21 Jan 2015

Prestige enhances lending criteria

Prestige enhances lending criteria

Prestige Finance today announced enhancements to its pricing and lending criteria for Prime, Near Prime and Large Loan Plans.

20 Jan 2015

Nationwide cuts high-LTV rates

Nationwide cuts high-LTV rates

From Wednesday 21 January, all of Nationwide’s 95% LTV Save to Buy fixed rates have been reduced by up to 0.35%, with rates starting at 4.44% for prospective buyers with a 5% deposit.

20 Jan 2015

Nationwide launches lowest 10 year fix on the market

Nationwide launches lowest 10 year fix on the market

From Wednesday 21 January, Nationwide is offering the lowest 10 year fixed rate mortgage currently on the market.

20 Jan 2015

LGIM’s pension fund breaks £1bn barrier

LGIM’s pension fund breaks £1bn barrier

Legal & General Investment Management has announced that its Diversified Fund has passed £1 billion in assets under management, with LGIM now managing a combined £2.4 billion across a range of Diversified strategies.

20 Jan 2015

P2P lender aims to rival pensioner bonds

P2P lender aims to rival pensioner bonds

P2P lender Landbay has today announced the launch of two products for "frustrated savers" of any age that they claim could be a better alternative to NS&I's pensioner bonds.

20 Jan 2015

Aviva could axe 1,500 jobs in Friends Life merger

Aviva could axe 1,500 jobs in Friends Life merger

Aviva has suggested plans to cut 1,500 roles by 2017 in the planned merger with Friends Life.

20 Jan 2015

Promise: brokers need FCA clarification

Promise: brokers need FCA clarification

Promise Solutions have said that mortgage brokers need more clarification from the FCA after it emerged they may no longer need to apply for additional permissions to offer second charge loans.

20 Jan 2015

Shawbrook appoints new lending manager

Shawbrook appoints new lending manager

Shawbrook Bank has appointed Paul O’Hara as a Lending Manager in its commercial mortgage and loan underwriting division.

20 Jan 2015

Half of financial services firms not mobile-friendly

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Half of financial services firms not mobile-friendly

A recent survey conducted by Altus Consulting revealed that over 50% of financial service providers fail to operate effectively within the mobile arena, having failed the most basic Google Mobile-Friendly Test.

20 Jan 2015

FCA: savings market is failing consumers

FCA: savings market is failing consumers

The FCA has announced that consumers with cash savings need better information and easier switching, after a market study found competition in the £700bn cash savings market often does not work well for consumers, particularly those with long-standing accounts.

20 Jan 2015

Equity release sees largest ever lending figures

Equity release sees largest ever lending figures

The total value of equity release lending reached almost £1.4bn (£1.38bn) in 2014, according to the latest industry figures from the Equity Release Council.

20 Jan 2015

BIBA's regulation manifesto launches in Parliament

BIBA's regulation manifesto launches in Parliament

The British Insurance Brokers' Association has launched its 2015 Manifesto insuring Britain’s future at a reception in the Houses of Parliament to an audience of Ministers, MPs, Lords, senior Government officials, insurance brokers and media.

19 Jan 2015

Tavistock to buy Financial Ltd

Tavistock to buy Financial Ltd

Tavistock Investments Plc has today announced that it has entered into a conditional contract for the acquisition of Standard Financial Group Limited, the parent company of Financial Limited.

19 Jan 2015

LGIM announces leadership overhaul

LGIM announces leadership overhaul

Legal & General Investment Management today announced a restructure of its leadership team, designed to drive future business growth while continuing to meet its clients’ evolving needs.

19 Jan 2015

Financial services firms report continued growth

Financial services firms report continued growth

The majority of financial services firms reported rising business volumes in the three months to December, according to the latest CBI/PwC Financial Services Survey.

19 Jan 2015

FSCS management levy drops 7%

FSCS management levy drops 7%

The Financial Services Compensation Scheme will have a 2015/16 management expenses levy limit of £74.4m.

19 Jan 2015

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