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Leeds BS amend self-employed lending criteria

Leeds BS amend self-employed lending criteria

Leeds Building Society have today announced amendments to their lending criteria for self-employed borrowers.

12 Dec 2014

London price growth to wane in 2015

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London price growth to wane in 2015

Marsh & Parsons have announced that London property prices are expected to ease into a slower rate of growth over 2015, with Prime London prices rising by 3.5% compared to the 11.4% increase witnessed over the past twelve months.

12 Dec 2014

House prices soar 12% in record annual rise

House prices soar 12% in record annual rise

House prices rose at their fastest rate in almost a decade, up £29,000 over the past year according to research compiled by the Centre for Economics and Business Research for the Post Office.

12 Dec 2014

Illness and incapacity = no income and loss of lifestyle

Illness and incapacity = no income and loss of lifestyle

[Special feature from John Bridge, Director of Sales and Marketing, Cirencester Friendly]

11 Dec 2014

Average pensioner will receive 90% less than required

Average pensioner will receive 90% less than required

In a study of 10,000 pension planners, pensions consultancy, Avacade Future Solutions discovered that the average retiree will receive 90% less than what they desire.

11 Dec 2014

BoE reduces MPC rate meetings in procedure shake-up

BoE reduces MPC rate meetings in procedure shake-up

The Bank of England today published an independent report reviewing the Monetary Policy Committee’s transparency practices and procedures.

11 Dec 2014

Skipton launches new build intermediary range

Skipton launches new build intermediary range

Skipton Intermediaries has today announced the launch of its first ever range of intermediary only products designed especially for new build clients.

11 Dec 2014

RICS: Stamp Duty reform will boost activity

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RICS: Stamp Duty reform will boost activity

The latest Residential Market Survey from the Royal Institute of Chartered Surveyors has found that RICS members across much of the country expect transactions levels to increase as a result of the stamp duty reforms.

11 Dec 2014

Leeds BS launch sub-2% fix

Leeds BS launch sub-2% fix

Leeds Building Society has refreshed its range of competitive two and three year fixed rate mortgages.

11 Dec 2014

CML: BTL mortgages up 22%

CML: BTL mortgages up 22%

The latest CML data on the characteristics of lending in October of 2014 has shown that compared to October 2013, the number of buy-to-let loans increased by 22% and the value of these loans went up 29%.

11 Dec 2014

 

CML: remortgage lending down 11%

CML: remortgage lending down 11%

The latest CML data on the characteristics of lending in October of 2014 has shown that remortgage lending activity saw a decline month-on-month in October, with the number of remortgage loans totalling 26,600.

11 Dec 2014

CML: lending to homemovers up 10%

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CML: lending to homemovers up 10%

The latest CML data on the characteristics of lending in October of 2014 has shown that lending to home movers strengthened month-on-month.

11 Dec 2014

CML: FTB lending up 22%

CML: FTB lending up 22%

The latest CML data on the characteristics of lending in October of 2014 has shown that lending to first-time buyers rose 22% year-on-year.

11 Dec 2014

Saffron BS appoints new CEO

Saffron BS appoints new CEO

Saffron Building Society has today announced the appointment of Mike Kirsch as interim Chief Executive Officer.

11 Dec 2014

FCA: annuity practices need "significant improvements"

FCA: annuity practices need "significant improvements"

The Financial Conduct Authority has today published the findings of its review into annuity sales and the retirement income market to see how the pension reforms would develop the market.

11 Dec 2014

AToM and Skipton launch Ex-Pat exclusive

AToM and Skipton launch Ex-Pat exclusive

All Types of Mortgages Ltd has today announced a new Ex-Pat mortgage range with Skipton International.

11 Dec 2014

High-LTV approvals down 12%

High-LTV approvals down 12%

Lending to higher LTV borrowers fell 12% year-on-year, according to the latest Mortgage Monitor from e.surv.

11 Dec 2014

Northern Rock to pay borrowers £258m compensation

Northern Rock to pay borrowers £258m compensation

More than 40,000 borrowers are due compensation after London's High Court today ruled against former bank Northern Rock over the wording in past loan documents.

10 Dec 2014

Third of borrowers can't afford £100 mortgage increase

Third of borrowers can't afford £100 mortgage increase

A third of UK mortgage borrowers would not be able to afford their repayments if they increased by £100-£199 a month, according to research by Legal & General Mortgage Club.

10 Dec 2014

FCA cancels exec bonuses following investigation

FCA cancels exec bonuses following investigation

Clifford Chance partner Simon Davis has today published his report criticising executives over a blunder that affected insurance companies' share prices.

10 Dec 2014

Price fears deter 91% from moving

Price fears deter 91% from moving

Recent research from eMoov exploring the UK's biggest fears when buying or selling property, has found that 86% could be deterred from buying and 91% said they have worries about selling up.

10 Dec 2014

BCC: GDP downgrade vital to sustainable economy

BCC: GDP downgrade vital to sustainable economy

The British Chambers of Commerce has today announced that despite downgrading its GDP growth forecast, the UK economy has experienced the fastest growth since 2007.

10 Dec 2014

Vantage Finance expands sales team

Vantage Finance expands sales team

Vantage Finance has hired Tim Bennett as Head of Sales, in a move the company says will "increase its new business levels and provide introducers with a lead contact."

10 Dec 2014

Advisers warn of pension reform risks

Advisers warn of pension reform risks

77% of retirement advisers have said that the risk of customers spending all of their pension fund is the biggest threat to the success of pension reforms, according to research by MetLife.

10 Dec 2014

Over 55s see post-recession prosperity

Over 55s see post-recession prosperity

Aviva’s latest Real Retirement research has shown that Britain’s over-55s have seen an income rise of 21%, and their total savings typically increase by more than £10,000 since the depths of the recession.

10 Dec 2014

50% who raid savings blame poor returns

50% who raid savings blame poor returns

According to new research from Prudential, savers blame poor rates of return on savings and investments for more than £4.3 billion of unplanned withdrawals.

10 Dec 2014

Coventry cuts high LTV rates by up to 0.26%

Coventry cuts high LTV rates by up to 0.26%

Coventry Building Society has today announced rate reductions on high LTV 2 and 5 year fixed rate mortgages.

09 Dec 2014

FOS: We won't charge complaint fee

FOS: We won't charge complaint fee

The Financial Ombudsman Service has rejected the suggestion that it should charge consumers “a nominal fee of £50 to £100”, claiming this would prevent those suffering hardship from using its service.

09 Dec 2014

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