Latest News

Second charge repossessions drop 43% in Q1

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Second charge repossessions drop 43% in Q1

Figures released by the Finance & Leasing Association show a 43.4% fall in second-charge mortgage repossessions in Q1 2014, compared with the same period last year.

09 May 2014

Co-op stake in bank to fall due to £400m capital raising plans

Latest News

Co-op stake in bank to fall due to £400m capital raising plans

The Co-operative Group is set to see its 30% stake in the Co-op Bank reduced further under a plan to raise capital for the bank.

09 May 2014

Are mainstream bridging lenders 'missing a trick'?

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Are mainstream bridging lenders 'missing a trick'?

Mainstream bridging lenders are so heavily focused on deals in London they’re missing out on opportunities to lend in other areas of the country with strong property prospects, says the director of bridging lender Bath & West.

09 May 2014

FCA should act quickly on new pension rules, warns Treasury Committee

Retirement

FCA should act quickly on new pension rules, warns Treasury Committee

In a report released today regarding the 2014 Budget, the Treasury Committee warned that the FCA should act quickly to stop new pension regulations from negatively affecting consumers.

09 May 2014

Treasury Committee expresses concern over Help to Buy measures

Mortgages

Treasury Committee expresses concern over Help to Buy measures

The Treasury Committee today released its report on the 2014 Budget, noting that while housing bubbles are 'easy to spot in retrospect', taking action in advance is needed to mitigate their negative effects on financial stability.

09 May 2014

Fewer than half of adults have life insurance

Fewer than half of adults have life insurance

Most people don’t like to think about death, but many try to put some sort of plan in place in case the worst happens. Yet fewer than half of adults (41%) say they have life insurance.

09 May 2014

Skipton launches new residential mortgage range from 2.38%

Mortgages

Skipton launches new residential mortgage range from 2.38%

Skipton Building Society is today launching a replacement residential mortgage range, including several attractive new fixed and discounted rate products, but withdrawing other products.

09 May 2014

1 in 3 unaware of budget changes despite approaching retirement

Retirement

1 in 3 unaware of budget changes despite approaching retirement

More than one in three people approaching retirement are unaware of the pensions reforms announced in the March Budget, according to new research from MetLife.

09 May 2014

Home lending falls 17% in three months

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Home lending falls 17% in three months

House purchase lending fell for the third consecutive month in April, as lenders introduced tighter regulation and available housing stock declined, according to the latest Mortgage Monitor from e.surv.

09 May 2014

Buy to let in a post-MMR landscape

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Buy to let in a post-MMR landscape

[SPECIAL FEATURE: Lucy Hodge, Vantage Finance]

08 May 2014

 

Convey Law appoints new director

Legal

Convey Law appoints new director

Convey Law have appointed Rob Hosier as their Sales and Marketing Director.

08 May 2014

BoE maintains bank rate at 0.5%

Latest News

BoE maintains bank rate at 0.5%

​The Bank of England’s MPC today voted to maintain the bank rate at its current level of 0.5%, despite expectations that it would raise rates imminently.

08 May 2014

House prices ease in April: Halifax

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House prices ease in April: Halifax

House prices in the latest three months (February 2014 - April 2014) were 2.3% higher than in the preceding three months (November 2013 - January 2014) - but fell slightly on a monthly basis.

08 May 2014

Pink Mortgage Club to run roadshows for DA

Mortgages

Pink Mortgage Club to run roadshows for DA

Pink Mortgage Club is to run a series of four mortgage roadshows for directly authorised advisers around the country next week.

08 May 2014

70% of brokers cite speed as biggest lender issue

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70% of brokers cite speed as biggest lender issue

A recent survey conducted by Regentsmead has suggested that the majority of UK commercial finance brokers claim that a lack of speed is the biggest hindrance to seeing a deal over the line.

08 May 2014

Mortgage arrears drop in Q1: CML

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Mortgage arrears drop in Q1: CML

Both the number and the proportion of mortgages in arrears fell during the first quarter of 2014, according to new figures from the Council of Mortgage Lenders.

08 May 2014

Nationwide reprices high LTV product range

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Nationwide reprices high LTV product range

Nationwide Building Society is re-pricing its mortgage range, reducing rates by up to 0.20% at 80%, 85% and 90% LTV and increasing rates by 0.10% at 70% LTV.

08 May 2014

Promise launches compliance support for networks

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Promise launches compliance support for networks

Master broker Promise Solutions has launched a service to help networks to deal with secured loans compliantly.

08 May 2014

Barclays to axe 7,000 jobs in 'bold' overhaul

Latest News

Barclays to axe 7,000 jobs in 'bold' overhaul

Barclays today announced it would make 'bold' cuts in its controversial investment banking business, with a total of 7,000 jobs to be axed.

08 May 2014

The Mansfield cuts BTL rate by 0.5%

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The Mansfield cuts BTL rate by 0.5%

The Mansfield Building Society has launched a 2 year fixed rate product for the Buy to Let sector, with the rate reduced by 0.5% to 3.99%.

08 May 2014

DA firms urged to review incentive schemes with new tool

Latest News

DA firms urged to review incentive schemes with new tool

Bankhall, the professional support services provider, is urging small directly authorised firms to review their financial incentives schemes in light of the FCA’s latest thematic review.

07 May 2014

Borro adds to intermediary facing team with new hire

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Borro adds to intermediary facing team with new hire

Borro, the personal asset lender, which has committed to developing its intermediary facing proposition has announced the appointment of David Hardy as Business Development Director.

07 May 2014

Shift in renter demographic boosts BTL opportunities

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Shift in renter demographic boosts BTL opportunities

New research from Precise Mortgages, the specialist mortgage lender, has found that buy to let landlords are committed to the sector and their portfolio.

07 May 2014

Quarter of savers are unsure of pension pot size

Retirement

Quarter of savers are unsure of pension pot size

More than one in four employees (28%) with a workplace DC pension scheme say they have ‘no idea’ how much is in their pension pot, while an additional quarter (25%) could only make a rough guess.

07 May 2014

OneSavings Bank to float on LSE

OneSavings Bank to float on LSE

OneSavings Bank has announced its decision to float on the London Stock Exchange today.

07 May 2014

Network of law firms launched to smooth Shawbrook transactions

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Network of law firms launched to smooth Shawbrook transactions

A network of law firms available to act for borrowers has been established with the aim of delivering a smoother process for transactions involving Shawbrook Bank commercial loans.

07 May 2014

Leeds sees more ISA savers choosing fixed rates

Savings & Investments

Leeds sees more ISA savers choosing fixed rates

Savers seeking tax-free returns have switched their Cash ISA preferences while the Bank Base Rate has remained at its historic low, Leeds Building Society has discovered.

07 May 2014

Osborne to review regulators' enforcement powers

Latest News

Osborne to review regulators' enforcement powers

The Government has launched a review of the institutional arrangements and processes the financial services regulators use to make enforcement decisions.

07 May 2014

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