Latest News

Barclays fined £26m and trader banned over Gold Fixing

Latest News

Barclays fined £26m and trader banned over Gold Fixing

The FCA has fined Barclays Bank £26,033,500 for failings in relation to the Gold Fixing, as well as banning and fining the trader involved.

23 May 2014

Low housing construction 'poses big risk' to market

shutterstock_136327154.jpg

Low housing construction 'poses big risk' to market

The low number of yearly housing constructions has been deemed a ‘big risk’ to the housing market and the wider economy.

22 May 2014

Mixed views on post-MMR market outlook at industry debate

Mortgages

Mixed views on post-MMR market outlook at industry debate

A panel of industry experts expressed mixed views this week on what the second half of 2014 might hold for the mortgage market.

22 May 2014

L&G improves income protection benefit product

Protection

L&G improves income protection benefit product

Legal & General has launched a new, improved Income Protection Benefit product.

22 May 2014

Funding 365 joins AOBP

Funding 365 joins AOBP

The Association of Bridging Professionals has welcomed Funding 365 as its latest Associate Lender member.

22 May 2014

Brokers must be aware of BTL 'gaming'

Brokers must be aware of BTL 'gaming'

A panel of industry heavyweights have warned the broker community to be aware of the potential for clients to try to ‘game’ the BTL market in light of the tighter affordability rules for residential mortgages introduced by the MMR.

22 May 2014

Lenders & trade bodies to clarify broker panel ejection process

Latest News

Lenders & trade bodies to clarify broker panel ejection process

Representatives of the AMI and the IMLA said today they were working on a set of ‘common principles’ which would provide clarity on an appeals process for those brokers who have been ejected by a lender from its panel.

22 May 2014

FCA: What challenges face the mortgage market in a post-MMR landscape?

Mortgages

FCA: What challenges face the mortgage market in a post-MMR landscape?

Speaking at the FSE Manchester expo today, the FCA's Lynda Blackwell spoke about the challenges facing the market in the post-MMR landscape.

21 May 2014

Financial Reporter & Paymentshield launch World Cup Fantasy Football league

Latest News

Financial Reporter & Paymentshield launch World Cup Fantasy Football league

Financial Reporter and insurance provider Paymentshield have teamed up to launch a Fantasy Football league for financial advisers to celebrate the 2014 World Cup and the chance to win £1000.

21 May 2014

Interest rate increase should be 'nothing to fear': FSE Manchester panel debate

Latest News

Interest rate increase should be 'nothing to fear': FSE Manchester panel debate

At the panel debate at today's Financial Services Expo Manchester, held at the Emirates Old Trafford, a group of industry names discussed when a base rate increase would be likely - and how this would affect the mortgage market.

21 May 2014

 

Metro Bank cuts rates on five year fixes

Mortgages

Metro Bank cuts rates on five year fixes

From today Metro Bank is offering a refreshed five year fixed rate residential mortgage range, reducing prices by 10bps.

21 May 2014

Number of crowdfunding platforms jumps 50%

Number of crowdfunding platforms jumps 50%

The number of crowdfunding platforms operating in the UK rose by over 50% in 2013 according to Nesta.

21 May 2014

Average London price hits over half a million

Latest News

Average London price hits over half a million

According to a survey from haart, the average London property price has reached £501,056 - up 26.1% annually and 4.3% on month. This means an annual growth of £103,761.

21 May 2014

April sees highest mortgage lending since 2008: CML

Mortgages

April sees highest mortgage lending since 2008: CML

Gross mortgage lending was an estimated £16.6 billion in April, according to the Council of Mortgage Lenders.

21 May 2014

Brokers turn to second charge over remortgage after MMR

Mortgages

Brokers turn to second charge over remortgage after MMR

National second charge distributor Smart Money has reported a growing number of mortgage brokers who are enquiring about second charge loans because of the changes to affordability instigated by some first charge lenders.

21 May 2014

2.3m homeowners plan to raise money through downsizing

Retirement

2.3m homeowners plan to raise money through downsizing

Up to 2.3 million homeowners aged 55 and over are banking on raising money from their homes through downsizing and on average expect to raise around £85,300 each from their property deals, according to Prudential.

21 May 2014

1 in 10 at risk of being trapped in unaffordable mortgage, study finds

Mortgages

1 in 10 at risk of being trapped in unaffordable mortgage, study finds

One in ten of today’s mortgagors risk being imprisoned by borrowing deals which are likely to make repayments unaffordable as interest rates rise over the next four years according to independent think tank the Resolution Foundation.

20 May 2014

Four largest banking groups bring in 63% of complaints: FOS

Latest News

Four largest banking groups bring in 63% of complaints: FOS

The Financial Ombudsman Service today published its annual review showing that During the year four of the UK’s largest banking groups accounted for 63% of all complaints they received.

20 May 2014

London property prices will keep rising

London property prices will keep rising

[SPECIAL FEATURE: Matthew Anderson, director, Fincorp]

20 May 2014

NACFB Commercial Expo reaches over 100 exhibitors

NACFB Commercial Expo reaches over 100 exhibitors

The NACFB Commercial Finance Expo has had to be extended twice for 2014 and now has 102 Exhibitors at the NEC on June 25th.

20 May 2014

The Mansfield extends 95% mortgage across England & Wales

Mortgages

The Mansfield extends 95% mortgage across England & Wales

Having successfully introduced a 95% discounted rate mortgage in its local area, The Mansfield Building Society has opened the product up to brokers and customers across England and Wales.

20 May 2014

Valuations drop in April as MMR lands

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Valuations drop in April as MMR lands

Housing market activity stabilised in April as new mortgage affordability rules came into place, according to chartered surveyors Connells Survey & Valuation.

20 May 2014

IMLA appoints new Deputy Chairman & Director

Latest News

IMLA appoints new Deputy Chairman & Director

IMLA has appointed Richard Tugwell, Director of Intermediary Relationships at Virgin Money as its new Deputy Chairman and Paul Darwin, Head of Intermediary Sales at Skipton Intermediaries as a Director.

20 May 2014

Precise Mortgages expands sales team

Precise Mortgages expands sales team

Precise Mortgages, the specialist lender, has recruited two more National Sales Managers to help support its key mortgage brokers.

20 May 2014

Paragon's BTL business increases 167%

Latest News

Paragon's BTL business increases 167%

Paragon Group, the parent company of specialist buy-to-let lender Paragon Mortgages, has today announced its interim results for the period 1 October 2013 to 31 March 2014.

20 May 2014

Secured lending sees April dip as new regulation kicks in

Secured lending sees April dip as new regulation kicks in

According to the Secured Loans Index by Loans Warehouse, April figures dipped compared to March - but still show encouraging growth with an increase of more than 18% on April 2013.

20 May 2014

95% five-year fix launched by Monmouthshire BS

Mortgages

95% five-year fix launched by Monmouthshire BS

Monmouthshire Building Society is launching a new range of five year fixed rate house purchase and remortgage products ready for the start of the summer.

19 May 2014

Housing bubble biggest threat to economy: Mark Carney

Mortgages

Housing bubble biggest threat to economy: Mark Carney

Mark Carney, governor of the Bank of England, said at the weekend that the British housing market has 'deep, deep structural problems'.

19 May 2014

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