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HSBC among three banks fined €485m for interest rate rigging

HSBC among three banks fined €485m for interest rate rigging

The European Commission has fined Crédit Agricole, HSBC and JPMorgan Chase a total of €485 million for participating in a cartel which rigged the Euribor benchmark.

07 Dec 2016

Cost of running DB scheme up 37%

Cost of running DB scheme up 37%

Costs for operating defined benefit schemes have increased by 37% year-on-year, according to The Pensions and Lifetime Savings Association.

07 Dec 2016

Number of remortgage applications completing rises in Q3: IMLA

Number of remortgage applications completing rises in Q3: IMLA

A higher proportion of remortgage applications resulted in lender offers in Q3 2016, despite the fallout from the Brexit vote, according to the Intermediary Mortgage Lenders Association.

07 Dec 2016

House price growth accelerates in November: Halifax

House price growth accelerates in November: Halifax

The annual rate of house price growth has increased for the first time for eight months, according to the latest Halifax house price index.

07 Dec 2016

Leeds launches lower stress rates for BTL remortgages

Leeds launches lower stress rates for BTL remortgages

Leeds Building has announced a number of criteria changes in response to the PRA’s new underwriting standards for buy-to-let mortgages.

07 Dec 2016

Remortgaging drives November growth as BTL valuations fall

Remortgaging drives November growth as BTL valuations fall

Remortgaging activity is continuing to drive growth in the market, whereas buy-to-let valuations have fallen following the Chancellor’s ban on lettings fees, according to Connells Survey & Valuation.

07 Dec 2016

HSBC increases all fixed rates and scraps 0.99% product

HSBC increases all fixed rates and scraps 0.99% product

HSBC has announced that it is increasing the rates of all fixed rate products by between 0.1% to 0.5%.

06 Dec 2016

Hinckley & Rugby mortgage advances up 34%

Hinckley & Rugby mortgage advances up 34%

Hinckley & Rugby Building Society has reported a 34% rise in mortgage advances to £172 million, up from £128 million in the previous 12 months.

06 Dec 2016

TBMC launches BTL exclusives with Dudley BS

TBMC launches BTL exclusives with Dudley BS

TBMC has launched two new buy-to-let five-year fixed rate exclusives with Dudley Building Society.

06 Dec 2016

Fleet launches new limited company range

Fleet launches new limited company range

Fleet Mortgages has launched three new limited company products for those borrowers using corporate structures to purchase or remortgage.

06 Dec 2016

 

UK suffering first lost decade of growth for 150 years: Carney

UK suffering first lost decade of growth for 150 years: Carney

Bank of England Governor Mark Carney has warned that Britain is facing its "first lost decade since the 1860s" as real incomes fall in the wake of a global financial crisis and in the midst of a technological revolution.

06 Dec 2016

Newcastle Intermediaries enters Help to Buy market

Newcastle Intermediaries enters Help to Buy market

Newcastle Intermediaries has announced its entry into the Help to Buy New Build market, including both the standard 20% equity loan and 40% in London.

06 Dec 2016

Will Brexit boost engagement in retirement planning?

Will Brexit boost engagement in retirement planning?

Employers are expecting Britain's exit from the EU to impact employees’ pensions and pension planning, according to research by Close Brothers Asset Management, with just 9% of companies thinking the vote will have no impact on its staff.

06 Dec 2016

Atom Bank launches intermediary mortgage proposition

Atom Bank launches intermediary mortgage proposition

Atom Bank has launched its first range of residential mortgages through selected independent mortgage advisers.

06 Dec 2016

Pepper widens distribution through TBMC

Rob Barnard - Aldermore

Pepper widens distribution through TBMC

Pepper Homeloans has extended its distribution network to include buy-to-let specialist TBMC.

06 Dec 2016

A third of over 75s targeted by scammers: FCA

A third of over 75s targeted by scammers: FCA

New research by the FCA reveals a fifth (22%) of over 55s with above average incomes suspect they were targeted by a fraudulent investment scam in the past three years, rising to a third (32%) of those aged 75 and over.

05 Dec 2016

Industry consults with FCA and DWP on pension transfers

Industry consults with FCA and DWP on pension transfers

An industry working group, in collaboration with the FCA, DWP and the Pensions Regulator, has published a consultation paper on improving pension and investment transfers for investors who want to move their long term savings around the pension system.

05 Dec 2016

50,000 join Land Registry’s property fraud service

50,000 join Land Registry’s property fraud service

Over 50,000 people have now signed up for Land Registry’s Property Alert service.

05 Dec 2016

FCA finds 'concerning' exclusion clauses in intermediaries’ PII

FCA finds 'concerning' exclusion clauses in intermediaries’ PII

An FCA review into general insurance intermediaries’ professional indemnity has found policies containing exclusion clauses which gave the regulator "significant concerns" as the scope of the cover could fall below that required by MIPRU.

05 Dec 2016

Coventry announces new BTL stress rates

Coventry announces new BTL stress rates

From 15 December, Coventry for intermediaries is increasing its buy-to-let reference rate to 5.5% on loans with benefit periods of less than 5 years, in line with the PRA’s underwriting standards.

05 Dec 2016

Savers losing £360m a year in pension tax relief

Savers losing £360m a year in pension tax relief

1.6 million people will miss out on £360m of ‘free cash’ this year after failing to claim the correct tax relief on their pension savings, according to True Potential.

05 Dec 2016

Growth Street launches P2P opportunity for individuals

Growth Street launches P2P opportunity for individuals

Growth Street, an alternative banking service provider for SMEs, is now listed as an Appointed Representative on the FCA's Financial Services Register after partnering with Resolution Compliance.

05 Dec 2016

Chelsea BS launches record low four-year fix

Chelsea BS launches record low four-year fix

Chelsea Building Society has launched a four-year fixed rate mortgage at 1.83% which it says is currently the lowest on the market.

05 Dec 2016

Royal London launches online trust service

Royal London launches online trust service

Royal London has enhanced its protection digital capability with the launch of a new online trust service.

05 Dec 2016

Computershare launches online mortgage platform

Computershare launches online mortgage platform

Computershare has launched a “futureproofed” online mortgage customer service platform to allow borrowers to access and alter their information as well as make payments towards their mortgage online.

05 Dec 2016

Houses on Crossrail route soar 22%

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Houses on Crossrail route soar 22%

Homes close to stations serving London’s new Crossrail route are already seeing a price boost, rising by 22% over the past two years compared to 14% increase in surrounding areas, according to research by Lloyds Bank.

05 Dec 2016

Bending over backwards - how lenders could become more flexible

Bending over backwards - how lenders could become more flexible

One of the most common complaints lobbed at lenders is that they are not flexible enough. This is an issue not simply because it makes things more difficult for brokers, but rather that it can leave customers in a much worse off position.

02 Dec 2016

In the Spotlight with Hannah Tasker, First Complete & Pink

In the Spotlight with Hannah Tasker, First Complete & Pink

We spoke to Hannah Tasker, General Insurance Manager at First Complete & Pink, about misconceptions in the insurance industry and how IPT will affect the day-to-day.

02 Dec 2016

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