Latest News

NIESR announces GDP growth of 0.6%

NIESR announces GDP growth of 0.6%

NIESR's monthly estimates of GDP suggest that output grew by 0.6% in the three months ending in February 2015 after growth of 0.6% in the three months ending in January 2015.

11 Mar 2015

Why I Love #FRAwards - Mark Lofthouse, Mortgage Brain

Why I Love #FRAwards - Mark Lofthouse, Mortgage Brain

In last year's Financial Reporter Industry Awards, Mortgage Brain won Best Sourcing System.

11 Mar 2015

Using technology to reclaim time and maximise income

Using technology to reclaim time and maximise income

Advisers working in small firms will know only too well the difficulties and the challenges involved in juggling the time we have and, at busy times, it can be a real uphill struggle unless of course you’re willing to work 18-hour days including the weekends.

11 Mar 2015

Coventry cuts rates on fee free range

Coventry cuts rates on fee free range

Coventry Intermediaries has launched a range of fee free options for residential borrowers looking for 2 or 5 year fixed rates.

11 Mar 2015

N&P reduces FTB rates by 0.35%

N&P reduces FTB rates by 0.35%

Norwich and Peterborough Building Society is lowering rates by up to 0.35%, with the Society’s lowest two-year fixed rate mortgage at 95% LTV now available at 4.14%.

11 Mar 2015

Industry expects BTL growth to moderate in 2015

Industry expects BTL growth to moderate in 2015

A group of experts at last week's Paragon Great Buy-to-Let Debate agreed that the recent strong growth in the BTL market would moderate this year.

11 Mar 2015

Genworth partners with West Brom

Genworth partners with West Brom

Genworth, the provider of mortgage insurance products to lenders in the UK, has today announced a new relationship with the West Brom to be its provider of mortgage insurance for a minimum period of two years.

11 Mar 2015

Permanent TSB sells half of CHL’s book after €48m loss

Permanent TSB sells half of CHL’s book after €48m loss

Permanent TSB's annual results showed a pre-tax loss of €48 million for 2014 – down from €668 million the previous year.

11 Mar 2015

Former FCA chief joins payday lender

Former FCA chief joins payday lender

Former FCA director of communications Zitah McMillan has joined DFC Global Corp, whose operations include The Money Shop, as international chief executive.

11 Mar 2015

Stamp duty revenues hit record £8bn

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Stamp duty revenues hit record £8bn

A higher number of residential property transactions and increased prices are estimated to have pushed residential stamp duty revenues from £6.45 billion in 2013/14 to a record £8.0 billion.

11 Mar 2015

 

Market share for advisers continues to surge

Market share for advisers continues to surge

Following news that the market share for mortgage advisers is continuing to grow, specialist lender Kensington has announced a longevity challenge - challenging other lenders on whether they can match its average length of service across field sales and business development.

11 Mar 2015

Industry calls for pensions watchdog

Industry calls for pensions watchdog

Retirement specialist Portal Financial has argued that a pensions watchdog could help to end pension liberation scams.

11 Mar 2015

Pink to ask new advisers for proof of IP

Pink to ask new advisers for proof of IP

Pink will now ask anyone wishing to join the network to provide either proof of their own income protection policy or their reasons for not having any.

11 Mar 2015

True Potential launches life plan technology

True Potential launches life plan technology

Financial and Technology services firm True Potential has launched True Potential One, which aims to revolutionise the way people interact with their finances up to, and beyond, retirement.

11 Mar 2015

Leek United BS announces record performance

Leek United BS announces record performance

Leek United Building Society saw group assets reach an all-time record of £905m in 2014.

11 Mar 2015

The Right Mortgage and Protection partners with Best Insurance

The Right Mortgage and Protection partners with Best Insurance

The Right Mortgage and Protection has today announced a partnership with Best Insurance.

10 Mar 2015

MLAR statistics show sluggish Q4 for FTBs

MLAR statistics show sluggish Q4 for FTBs

The latest Mortgage Lenders and Administrators Statistics for Q4 2014 show that mortgage lending totalled £51.3 billion in Q4 2014 - 0.2% lower than Q4 2013 and 8.1% lower than Q3 2014.

10 Mar 2015

Sesame launches BTL range with State Bank of India

Sesame launches BTL range with State Bank of India

Appointed representatives of the Sesame network now have access to State Bank of India's range of buy-to-let products.

10 Mar 2015

Aldermore sees successful LSE debut

Aldermore sees successful LSE debut

Aldermore made its debut on the London Stock Exchange at 08:00, announcing the pricing of its initial public offering at 192 pence per share.

10 Mar 2015

FCA to formally investigate Connaught operators

FCA to formally investigate Connaught operators

The Financial Conduct Authority today confirmed that it has withdrawn from the negotiations between Connaught Income Series 1 Fund (acting by its Liquidators) and its former operators, Capita Financial Managers Limited and Blue Gate Capital Limited.

10 Mar 2015

FCA investigation found "serious non-compliance" in all payday firms

FCA investigation found "serious non-compliance" in all payday firms

In an FCA review of the payday loans industry, the regulator concluded that although firms beginning to take a more customer-focused approach, too many firms have been failing to meet the requirements to treat customers in arrears fairly.

10 Mar 2015

RateSetter hires former FCA senior manager

RateSetter hires former FCA senior manager

P2P lender RateSetter has hired Simon Pearse, formerly of OneSavings Bank and the FCA, to join the company in a new role as Head of Compliance.

10 Mar 2015

Society of Mortgage Professionals adds roadshow dates

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Society of Mortgage Professionals adds roadshow dates

The Society of Mortgage Professionals have extended their schedule of specialist mortgage & protection roadshows by adding two extra dates for 2015.

10 Mar 2015

Hope Capital increases completions ten-fold

Hope Capital increases completions ten-fold

Hope Capital has completed bridging loans worth ten times more at the start of this year than it did over the same period last year.

10 Mar 2015

MP calls for HSBC chiefs to resign

MP calls for HSBC chiefs to resign

HSBC executives have been accused of incompetence and told that they should resign over tax evasion activities in HSBC's Swiss arm.

10 Mar 2015

Foundation Home Loans enhances BTL criteria

Foundation Home Loans enhances BTL criteria

Foundation Home Loans, which launched its first BTL product portfolio to the intermediary market in February, has announced further enhancements to its criteria today.

10 Mar 2015

Prudential CEO Tidjane Thiam to join Credit Suisse

Prudential CEO Tidjane Thiam to join Credit Suisse

Prudential have today announced that Tidjane Thiam, Group Chief Executive, will step down this year to join Credit Suisse as CEO.

10 Mar 2015

Secured lending records best start to year since 2008

Secured lending records best start to year since 2008

After December’s festive dip, the secured loan industry has bounced back in January, recording the best month-one lending figures for 6 years, at £58,236,782.

10 Mar 2015

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