Latest News

Central Trust launches second charge BTL product

Central Trust launches second charge BTL product

Secured loans lender, Central Trust, has announced its launch into the buy-to-let market by offering a range of variable rates starting at 9.99% and three-year fixed rates, starting at 10.99%.

27 Jun 2014

Virgin Money revamps ISA range

Virgin Money revamps ISA range

Virgin Money has strengthened its savings range for customers by launching new products and increasing interest rates on new issues of its instant access and fixed rate products.

27 Jun 2014

UK GDP grew 0.8% in Q1

Latest News

UK GDP grew 0.8% in Q1

The ONS has released data that says UK gross domestic product was estimated to have increased by 0.8% between Q4 2013 and Q1 2014, unrevised from the second estimate of GDP published 22 May 2014.

27 Jun 2014

Panacea develops trail commission guide for advisers

Latest News

Panacea develops trail commission guide for advisers

Panacea Adviser, the online community and resource for financial advisers has today launched a new guide to provide clarity on issues surrounding the removal of trail commission and how advisers can safeguard their businesses.

27 Jun 2014

FTB deposits drop 10% in a year

Mortgages

FTB deposits drop 10% in a year

First-time buyer deposits have fallen by £2,745 in the last twelve months, according to the latest First Time Buyer Tracker from Your Move and Reeds Rains, part of LSL Property Services.

27 Jun 2014

Industry responds to LTI cap proposal

Mortgages

Industry responds to LTI cap proposal

The announcement by the Bank of England that it would move to cap loan-to-income ratios has seen a mixed response from the industry. While some have said the proposal is unnecessary, others have welcomed the move.

26 Jun 2014

Leeds BS relaunches ISA range

Savings & Investments

Leeds BS relaunches ISA range

Leeds Building Society is relaunching its Cash ISA range to coincide with the increased personal allowance coming into force on 1st July.

26 Jun 2014

Help to Buy changing 'broken' market, says housing minister

Mortgages

Help to Buy changing 'broken' market, says housing minister

The Help to Buy scheme has enabled 35,000 people to buy their own home, according to figures from the DCLG today.

26 Jun 2014

Gary Little appointed by Society of Mortgage Professionals

Mortgages

Gary Little appointed by Society of Mortgage Professionals

Gary Little has been confirmed as the new head of operations & membership at The Society of Mortgage Professionals.

26 Jun 2014

BoE proposes cap on loan-to-income ratios

Mortgages

BoE proposes cap on loan-to-income ratios

At its June meeting, the Financial Policy Committee made a recommendation to both the PRA and FCA that lenders should limit loan-to-income ratios.

26 Jun 2014

 

Four new fixed rates released by Hinckley & Rugby

Mortgages

Four new fixed rates released by Hinckley & Rugby

Hinckley & Rugby Building Society, which lends throughout England & Wales, has today launched four new fixed rate mortgages at a range of LTVs from 60 to 80%.

26 Jun 2014

The FPC should avoid restricting mortgages further: Boulger

Mortgages

The FPC should avoid restricting mortgages further: Boulger

Ray Boulger, of independent mortgage adviser John Charcol, makes the case for why today’s Bank of England Financial Stability Report should refrain from further restricting mortgage availability.

26 Jun 2014

Advisers should 'segment' clients to cut costs

Latest News

Advisers should 'segment' clients to cut costs

Fresh research from the APFA indicating that the cost of regulation can now be up to 20% of income for many small advisory firms has prompted Kent based DFM Wellian Investment Solutions, to offer three cost saving strategies for IFAs.

26 Jun 2014

Phoebus to launch into Republic of Ireland

Latest News

Phoebus to launch into Republic of Ireland

Primary and special loan servicing solutions provider, Phoebus Software Limited is launching into the Republic of Ireland in Q3.

26 Jun 2014

Front Events celebrates successful first year

Latest News

Front Events celebrates successful first year

Front Events, which operates the Financial Services Expo brand, is celebrating its first year in business today.

25 Jun 2014

New guarantor loan provider enters consumer finance market

Latest News

New guarantor loan provider enters consumer finance market

A new guarantor loan provider, George Banco, has entered the UK consumer finance industry.

25 Jun 2014

Shawbrook appoints Head of Sales for commercial mortgages

Shawbrook appoints Head of Sales for commercial mortgages

Shawbrook Bank has announced the promotion of Emma Cox to Head of Sales for its rapidly expanding Commercial Mortgages business.

25 Jun 2014

Wonga ordered to pay £2.6m redress over fake legal letters

Latest News

Wonga ordered to pay £2.6m redress over fake legal letters

Wonga, the UK’s biggest payday lender, has entered an agreement with the FCA which will see it pay compensation of over £2.6m to around 45,000 customers for unfair and misleading debt collection practices.

25 Jun 2014

Aldermore increases rates ahead of NISA launch

Aldermore increases rates ahead of NISA launch

Aldermore is increasing the rates on its Fixed Rate Cash ISAs ahead of July’s New Individual Savings Accounts.

25 Jun 2014

AToM announces product from Hodge Lifetime

Mortgages

AToM announces product from Hodge Lifetime

AToM, the specialist mortgage packager/distributor, has today announced a new relationship with Hodge Lifetime.

25 Jun 2014

Parents pay an average of 49% of an FTB's deposit

Mortgages

Parents pay an average of 49% of an FTB's deposit

Parents continue to play an important role in their offspring's first property purchase with current homeowners having received, on average, half of their deposit (49%) from their parents or their partner's parents.

25 Jun 2014

HTB2 prevents 95% mortgage lending from falling to mid-crash lows

Mortgages

HTB2 prevents 95% mortgage lending from falling to mid-crash lows

The Help to Buy mortgage guarantee scheme was responsible for just 2.7% of all mortgage transactions in Q1 2014, but new analysis by Genworth shows the scheme rescued lending at 95% LTV from falling back to mid-recession lows.

25 Jun 2014

Keystone BTL reduces rates for limited companies

Keystone BTL reduces rates for limited companies

Keystone Buy to Let Mortgages has reduced its rates for limited company applications for the second time in just two months.

25 Jun 2014

LifeSearch broadens over-50s cover

Protection

LifeSearch broadens over-50s cover

LifeSearch has added Engage Mutual’s over 50 life cover to its product portfolio in a move to offer customers a more comprehensive and competitive service.

24 Jun 2014

Dudley Building Society triples profit

Latest News

Dudley Building Society triples profit

Dudley Building Society has announced a tripling of pre tax profit to £556,000 for 2013/4.

24 Jun 2014

Misleading ads undermine bridging professionalism, says Fincorp

Misleading ads undermine bridging professionalism, says Fincorp

Some bridging lenders are deliberately luring borrowers into low monthly interest rate loans that end up costing them thousands more than they anticipated when fees are slapped on top, Fincorp has claimed.

24 Jun 2014

BoE's Carney cools off on rate rise talk

Latest News

BoE's Carney cools off on rate rise talk

Unexpected spare capacity in the UK labour market is likely to absorbed before any future rate rise, Bank of England governor Mark Carney suggested in a speech this morning.

24 Jun 2014

Skipton lowers rates on 2, 3 and 5-year products

shutterstock_136327154.jpg

Skipton lowers rates on 2, 3 and 5-year products

Skipton Building Society today announces that it is reducing rates to all 2, 3 and 5 year residential fixed rate mortgages up to 80% LTV and introducing new 2, 3 and 5 year products to 60% LTV to create more choice for customers.

24 Jun 2014

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