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FCA exec apologises for insurance review failings

FCA exec apologises for insurance review failings

Clive Adamson has today apologised for his involvement in a blunder that affected insurance companies' share prices.

16 Dec 2014

A third will invest in government pensioner bonds

A third will invest in government pensioner bonds

Following George Osborne's announcement last week that the government’s 65 plus bonds will pay savers the best available interest rates, research by Saga Personal Finance has found that a third (34%) of over 65s say they plan to invest in the bonds when they launch in January.

16 Dec 2014

FCA: Improvements needed on adviser charging

FCA: Improvements needed on adviser charging

The FCA have today published a review on how firms disclose the cost of their advice, their scope of service, and the nature of their services to clients following the implementation of the Retail Distribution Review.

16 Dec 2014

Prudential launches flexible drawdown

Prudential launches flexible drawdown

Prudential has introduced a flexible drawdown option to its range of retirement solutions ahead of the April 2015 pension reforms.

16 Dec 2014

ONS: Cooling London market slows price growth

ONS: Cooling London market slows price growth

The Office for National Statistic's latest House Price Index has shown an average UK house price increase of 10.4% over the year to October 2014, driven in large part by an annual increase in London of 17.2%.

16 Dec 2014

Santander launches lowest ever ten year fix

Santander launches lowest ever ten year fix

Santander have announced the launch of its lowest ever ten year fixed rate mortgage, available from tomorrow at a rate of 3.44% up to 60% LTV.

16 Dec 2014

Inflation falls to 12-year low

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Inflation falls to 12-year low

According to the latest Consumer Price Index by the Office for National Statistics, the rate of inflation has fallen to a 12-year low, dropping to 1% in November from 1.3% in October.

16 Dec 2014

CMC joins TFC Homeloans panel

CMC joins TFC Homeloans panel

TFC Homeloans have today announced the addition of Cheshire Mortgage Corporation to their first charge panel.

16 Dec 2014

Santander cut loan rates

Santander cut loan rates

Santander have today announced rate reductions on personal loans of between £5,000 and £7,499 to 4.9% APR.

16 Dec 2014

Co-op: Recovery plan in place despite stress test failure

Co-op: Recovery plan in place despite stress test failure

Following news this morning that the Co-operative Bank has failed a series of stress tests from the Bank of England, it has announced a recovery plan to reduce its risk weighted assets, particularly historic residential mortgages inherited as part of the Britannia acquisition in 2009.

16 Dec 2014

 

Smart Money adds bridging service

Smart Money adds bridging service

Smart Money has announced that from next year it will be adding full bridging support for intermediaries to its services following a pilot scheme.

16 Dec 2014

Co-op Bank fails BoE stress tests

Co-op Bank fails BoE stress tests

Co-operative Bank has failed a series of stress tests from the Bank of England, it has been announced this morning.

16 Dec 2014

Remortgaging sees 'resurgence' despite cooling market

Remortgaging sees 'resurgence' despite cooling market

November has witnessed a resurgence in remortgaging activity, despite the rest of the UK housing market cooling, according to recent research from Connells Survey and Valuation.

16 Dec 2014

Low rates save buyers more than Stamp Duty reform

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Low rates save buyers more than Stamp Duty reform

The National Mortgage Index from Mortgage Advice Bureau has found that while recent changes to stamp duty in the Autumn Statement are set to save consumers a significant amount in housing costs, recent mortgage rate reductions will have a bigger impact over the product’s fixed term.

16 Dec 2014

Record cuts bring mortgage rates to historic lows

Record cuts bring mortgage rates to historic lows

According to the National Mortgage Index from Mortgage Advice Bureau, rates for two year trackers and two- and three-year fixed loans in November were the cheapest available since 2007, due to record price cuts from mortgage lenders.

16 Dec 2014

Accord Mortgages launches broker web chat

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Accord Mortgages launches broker web chat

Accord Mortgages is launching a new web chat service for brokers on both their residential and buy to let websites.

15 Dec 2014

FSE London 2014: An insight into specialist lending - Paul Brett & Richard Deacon, Masthaven

FSE London 2014: An insight into specialist lending - Paul Brett & Richard Deacon, Masthaven

At the recent FSE London expo, Masthaven Finance led a seminar giving insight into opportunities for bridging, secured loans, and micro mortgages.

15 Dec 2014

Octopus to host retirement planning seminars

Octopus to host retirement planning seminars

Octopus Investments is hosting a series of retirement planning seminars to take advisers through the finer points of the pension reforms and the impact that these changes will have on retirement planning.

15 Dec 2014

December sees record asking price drop

December sees record asking price drop

The December House Price Index from Rightmove has shown the largest ever monthly fall in price of property coming to market, down by nearly £9,000.

15 Dec 2014

Lloyds joins MCI Mortgage Club panel

Lloyds joins MCI Mortgage Club panel

Lloyds Banking Group is the latest addition to the MCI Mortgage Club panel, following the likes of Aldermore, Nationwide, TMW and Santander.

15 Dec 2014

Advisers expect surge in equity release

Advisers expect surge in equity release

A recent survey by Stonehaven found that three quarters of advisers expect equity release to become more important following next April's pension reforms.

15 Dec 2014

Intermediaries reveal importance of insurance products

Intermediaries reveal importance of insurance products

A survey by Select & Protect of over 4,000 UK mortgage intermediaries revealed that the majority of intermediaries (79%) believe the sale of general insurance products is important to overall business income.

15 Dec 2014

Barclays launches 1.29% two year tracker

Barclays launches 1.29% two year tracker

Barclays has today announced a new 2 year 1.29% fixed rate tracker at 0.79% up to 60% LTV, available for purchase and remortgage, and a 2 year fixed rate of 1.77% at up to 70% LTV for remortgage only.

15 Dec 2014

Industry recovery causes 'talent shortage'

Industry recovery causes 'talent shortage'

The volume of business in the mortgage sector continues to expand rapidly as lending strengthens and the market recovers from the 2008 crisis.

15 Dec 2014

Government announces 20% FTB discount

Government announces 20% FTB discount

David Cameron has today announced a new scheme offering 100,000 first-time buyers 20% discount on their first home.

15 Dec 2014

Government's pensioner bonds to pay best interest rates

Government's pensioner bonds to pay best interest rates

Chancellor George Osborne has announced that the government’s 65 plus bonds will pay savers the best available interest rates.

15 Dec 2014

Easing price growth to create buyers' market

Easing price growth to create buyers' market

The latest Halifax Housing Market Confidence Tracker has found that a growing number of consumers believe the next 12 months will be a better time to buy than to sell, while the proportion thinking 2015 will be a good time to sell has fallen to its lowest level since Q4 2013.

15 Dec 2014

Monmouthshire launches range of five-year fixes

Monmouthshire launches range of five-year fixes

Monmouthshire Building Society has launched a new range of five year fixed rate mortgage products, including a five year fixed rate mortgage at 3.43%, with a maximum LTV of 80%.

15 Dec 2014

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