Latest News

FOS reports 'significant' increase in payday loan complaints

FOS reports 'significant' increase in payday loan complaints

The ombudsman have reported a significant increase in the number of payday lending complaints over the past two years, currently taking on around 70 new cases each month.

09 Oct 2014

CMA to push for lower payday loan costs

CMA to push for lower payday loan costs

The CMA has set out proposals to increase price competition between payday lenders and help borrowers get a better deal.

09 Oct 2014

Keystone reduces tracker rates

Keystone reduces tracker rates

Keystone Buy to Let Mortgages has re-priced its Premier and Classic term tracker rates. Specifically, rates to 75% and 70% loan to value have been reduced by 0.25%. Rates to 80% loan to value have been reduced by 0.05%.

09 Oct 2014

Over 90% of over 65s have no care plans

Over 90% of over 65s have no care plans

Partnership reveals that the vast majority of over-65s have not spoken to their families about the potential need for care and are confused around their financial options.

08 Oct 2014

SBG appoints secured loan master brokers as preferred providers

SBG appoints secured loan master brokers as preferred providers

Sesame Bankhall Group (SBG) today announces the appointment of Promise Solutions Ltd and Positive Lending (UK) Ltd as preferred providers of secured loans for the Sesame network and PMS members.

08 Oct 2014

Leeds BS reduces two year BTL mortgage fees

Leeds BS reduces two year BTL mortgage fees

Tomorrow, the Society is reducing the two year fees assisted deal by 0.30% to 2.79%.

08 Oct 2014

Dragonfly completes £21m loan across 70 UK properties

Dragonfly completes £21m loan across 70 UK properties

Dragonfly Property Finance, today announced the completion of a £21m bridging loan on a mixture of 70 residential, commercial and industrial properties across the UK.

08 Oct 2014

Homeowner confidence dips as mortgage concerns rise

Homeowner confidence dips as mortgage concerns rise

Homeowner confidence in the continued growth of UK house prices has fallen to a 15-month low, according to the latest Zoopla Housing Market Sentiment Survey.

08 Oct 2014

Intelliflo Urges Advisers to Increase Social Media Governance

Blogs

Intelliflo Urges Advisers to Increase Social Media Governance

Three in five (58%) UK advisers are actively using social media but just a quarter (25%) have policies for how employees should use it, according to a poll by leading adviser software provider, Intelliflo.

08 Oct 2014

Brokers believe technology key to reducing mortgage fraud

Brokers believe technology key to reducing mortgage fraud

Half (50%) of mortgage brokers believe greater use of technology by lenders when carrying out due diligence on borrowers would reduce mortgage fraud, according to new research by EDM Mortgage Support Services, while only one in eight (12%) say this would not lead to a reduction of fraud at all.

08 Oct 2014

 

HTB mortgage applicants using scheme to full potential

HTB mortgage applicants using scheme to full potential

A year on from the implementation of the government’s Help to Buy mortgage guarantee scheme, new data from Mortgage Advice Bureau shows that the scheme has been successful in allowing buyers with smaller savings pots to access the property market and purchase affordable homes.

08 Oct 2014

Halifax data shows UK house price rise

shutterstock_150801512.jpg

Halifax data shows UK house price rise

According to the Halifax September House Price Index published today, house prices in the latest three months (July-September 2014) were 2.7% higher than in the previous three months.

08 Oct 2014

Borrowing and spending up in over 55s as house prices rise

Retirement

Borrowing and spending up in over 55s as house prices rise

Britain’s over-55s are ready to turn their backs on austerity as renewed confidence in the economy fuels higher spending and borrowing, the latest Aviva Real Retirement Report shows.

08 Oct 2014

Over 55s apathetic to new retirement choices

Over 55s apathetic to new retirement choices

Many of Britain’s over-55 year olds say the massive changes to retirement income announced in this year’s Budget will have no impact on them, research from Aviva’s latest Real Retirement Report shows.

08 Oct 2014

Almost half of Brits don't expect to own home

Almost half of Brits don't expect to own home

Brits without a home will go to extreme measures in order to get on the property ladder, according to new research from Santander Mortgages.

08 Oct 2014

Mansfield increases mortgage range

Mansfield increases mortgage range

Mansfield is to offer a new purchase mortgage to 95% LTV and remortgage to 90% LTV.

08 Oct 2014

Nationwide reduces rates for loyalty rate mortgages initiative

Nationwide reduces rates for loyalty rate mortgages initiative

From Wednesday October 8, Nationwide is reducing selected rates for existing Nationwide mortgage customers looking for a new deal.

07 Oct 2014

Nationwide cuts fixed rate ERCs

Nationwide cuts fixed rate ERCs

Nationwide Building Society is to apply a reducing scale approach to all fixed rate mortgages taken out from tomorrow, where customers need to redeem their loan, or overpay by more than 10% of the initial balance per year, before the end of the fixed rate period.

07 Oct 2014

Capital Bridging Finance hits record completion figures

shutterstock_167623811.jpg

Capital Bridging Finance hits record completion figures

Capital Bridging Finance saw its September completion figures of over £20m beat its previous best monthly figure by 60%

07 Oct 2014

Coventry BS launches competitive resi range

Coventry BS launches competitive resi range

Coventry Building Society has launched a new highly competitive residential range including Fixed rate, Flexx for Term and Base Rate Tracker options.

07 Oct 2014

Financial Reporter gets a makeover

Financial Reporter gets a makeover

Some of you may have noticed that Financial Reporter has had a makeover this week.

07 Oct 2014

BTL borrowers 'could need 40% deposit to get mortgage'

BTL borrowers 'could need 40% deposit to get mortgage'

The Bank of England’s request for extra powers, in order to direct lenders as to how much buy-to-let investors are able to borrow, could mean that landlords in the South East and London will have to find a 40% deposit in order to secure mortgage finance, according to analysis by Countrywide Residential Lettings.

07 Oct 2014

Barclays announces no-fee BTL range

Barclays announces no-fee BTL range

Landlords across the UK look set to save money when they remortgage with Barclays thanks to a suite of changes the bank is making to its Buy-To-Let mortgage range tomorrow.

07 Oct 2014

BoE reveals credit availability falls 'significantly' in Q3

BoE reveals credit availability falls 'significantly' in Q3

According the Bank of England's Credit Conditions Survey, lenders' willingness to lend fell in Q3.

07 Oct 2014

Aegon’s platform becomes fastest growing in the market

Aegon’s platform becomes fastest growing in the market

In July, Aegon announced that assets under management on the Aegon Retirement Choices and One Retirement platforms hit the £2bn mark, and there are no signs that momentum is slowing.

07 Oct 2014

JFM launches no-fee income drawdown plan

JFM launches no-fee income drawdown plan

Pension fund manager JFM has launched a simple no-fee income drawdown product as demand for low-cost alternatives to annuities continues to increase.

07 Oct 2014

Quantum large loans sees initial enquiries of over £300m

Quantum large loans sees initial enquiries of over £300m

In the two weeks since the large loan and development brand launch of Quantum by Bridgebank Capital, the lender has received initial enquiries totalling a value in excess of £300 million.

07 Oct 2014

Shawbrook boosts post-completion team

Shawbrook boosts post-completion team

Shawbrook Bank has appointed Sohail Degia as a second Short Term Loan Portfolio Officer to its post-completion team.

07 Oct 2014

Popular this week

Specialist Lending Roadshow 2017

20th - 28th September

4 days
7 specialists
4 locations
Free to attend

Click here to register now