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Steve Walker, Managing Director, Promise Solutions

In The Spotlight

Steve Walker, Managing Director, Promise Solutions

Financial Reporter had a chat with Steve Walker, managing director of Promise Solutions, about secured lending regulation and plans for the year.

21 Mar 2014

Rent rises accelerate across the UK

Latest News

Rent rises accelerate across the UK

Annual rent rises across England and Wales have accelerated, with the average rent across England and Wales is now 1.6% higher than twelve months ago, currently standing at £743 per month.

21 Mar 2014

Sharp rise in homeowner equity set to boost property supply

Mortgages

Sharp rise in homeowner equity set to boost property supply

Property prices across the UK are up 7.9% annually and 1.8% on the month to £191,375, according to the latest Haart National Housing Market Monitor.

21 Mar 2014

Appetite for residential investment on the rise, says Castle Trust

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Appetite for residential investment on the rise, says Castle Trust

Research from Castle Trust reveals that 86.4% IFAs expect UK house prices to increase during the next 3 years and four out of ten (40.4%) would increase their personal exposure to the asset class if it was easier to do so in a tax-efficient manner.

20 Mar 2014

P2P 'moving into the mainstream' following Budget announcement

P2P 'moving into the mainstream' following Budget announcement

In the Budget yesterday the government announced that ISA eligibility would be extended to include peer-to-peer loans to “further increase the choice that . . .savers have about how they invest”.

20 Mar 2014

Northern Irish firm Niche sign up to the Charlbury Group system

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Northern Irish firm Niche sign up to the Charlbury Group system

Niche Financial Solutions, a specialised Arrears Management business based in Northern Ireland and focussed solely on Northern Ireland customers is the latest firm to sign up to the Arrears Management System from the Charlbury Group.

20 Mar 2014

The changing face of property development finance

The changing face of property development finance

[SPECIAL FEATURE: John Waddicker, Director of Positive Bridging Finance]

20 Mar 2014

Lack of major stamp duty reform branded disappointing

Mortgages

Lack of major stamp duty reform branded disappointing

Despite changes to stamp duty for homes bought through a 'corporate envelope', the industry has expressed disappointment in the lack of changes in the duty for the majority of buyers.

20 Mar 2014

Mortgages via broker take longer - but more likely to complete, says CML

Mortgages

Mortgages via broker take longer - but more likely to complete, says CML

The CML has published data for the first time on the length of the mortgage application process - and it shows that despite taking longer, applications via brokers tended to have a higher completion rate.

20 Mar 2014

Gross mortgage lending up 43%: CML

Mortgages

Gross mortgage lending up 43%: CML

The CML has released estimates that total gross mortgage lending was £15.2 billion in February.

20 Mar 2014

 

FCA regulated brokers could be missing out on full advice

FCA regulated brokers could be missing out on full advice

Secured loan packager, V Loans, has reminded brokers that even though they might have full authorisation for regulated mortgage contracts, they must apply for interim permissions with the FCA in respect of consumer credit activities.

20 Mar 2014

Budget 2014: ISAs overhauled with new limit of £15,000

Savings & Investments

Budget 2014: ISAs overhauled with new limit of £15,000

Speaking at today’s Budget announcement, George Osborne announced that cash ISAs and stocks and shares ISAs would be merged, in order to create a simpler and more flexible system for savers.

19 Mar 2014

Budget 2014: Companies face 15% stamp duty for £500k+ properties

Mortgages

Budget 2014: Companies face 15% stamp duty for £500k+ properties

Today the Chancellor George Osborne announced measures to cut down on stamp duty avoidance by charging companies purchasing properties worth over £500,000 with a levy of 15% of the purchase price.

19 Mar 2014

Budget 2014: Higher tax rate threshold increased

Latest News

Budget 2014: Higher tax rate threshold increased

The threshold for the higher, 40% rate of tax has been one of the more fiercely debated Budget topics.

19 Mar 2014

Budget 2014: Osborne announces massive pension reforms

Retirement

Budget 2014: Osborne announces massive pension reforms

The Chancellor has announced a radical reform of pension rules which will mean that from April 2015, anyone over the age of 55 will be able to take their entire pension pot as cash.

19 Mar 2014

Budget 2014: OBR revises growth up to 2.7% for 2014

Latest News

Budget 2014: OBR revises growth up to 2.7% for 2014

George Osborne announced during the Budget today the revised figures from the Office of Budget Responsibility, who have upgraded their growth projection for the UK economy to 2.7% for 2014.

19 Mar 2014

Budget 2014: Personal tax allowance raised to £10,500 from next year

Latest News

Budget 2014: Personal tax allowance raised to £10,500 from next year

Speaking at today’s Budget announcement, George Osborne announced a new tax-free personal allowance of £10,500 from 2015, surpassing the target of £10,000 he set at the start of the Coalition.

19 Mar 2014

Precise completes its largest secured loan

Precise completes its largest secured loan

Precise Mortgages has completed on a £500,000 secured loan brokered by Joe Hatton, a senior manager at Y3S Loans in South Wales.

19 Mar 2014

Insurance broker fined for anti-bribery failings

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Insurance broker fined for anti-bribery failings

The FCA has fined general insurance broker Besso Limited £315,000 for a failure to take reasonable care to establish and maintain effective systems and controls for countering the risks of bribery and corruption.

19 Mar 2014

Co-op announces board reshuffle after CEO resignation

Latest News

Co-op announces board reshuffle after CEO resignation

Following the resignation of their CEO Euan Sutherland last week, the Co-operative Group has announced a number of changes to its executive management team and delayed its annual results.

19 Mar 2014

Annual bridging conference date revealed by ASTL

Annual bridging conference date revealed by ASTL

The ASTL has revealed the date of the bridging industry’s annual conference. It is to take place in six months’ time on 16 September 2014 and will look at the issues and opportunities facing the industry.

19 Mar 2014

CHL reports arrears drop for buy-to-let book

Mortgages

CHL reports arrears drop for buy-to-let book

Specialist lender, CHL Mortgages, has today revealed a continuing fall in arrear levels throughout 2013 for its buy-to-let mortgage book.

19 Mar 2014

Remortgage grows faster than rest of housing market

Mortgages

Remortgage grows faster than rest of housing market

Over the last twelve months, the number of valuations for remortgaging purposes has grown faster than any other part of the housing market, according to chartered surveyors Connells Survey & Valuation.

19 Mar 2014

February sees 54% growth - and new era of regulation beckons for secured lending

February sees 54% growth - and new era of regulation beckons for secured lending

February 2014 marks the 28th month in a row of year-on-year growth in secured lending, according to the latest Secured Loans Index from Loans Warehouse, with no signs that this trend will be interrupted.

19 Mar 2014

Lack of surveyors is slowing loan approvals, warns Blemain

Legal

Lack of surveyors is slowing loan approvals, warns Blemain

A shortage of surveyors is continuing to put pressure on the secured loan sector and residential mortgage market, despite on-going efforts by the industry to train and recruit more talent.

18 Mar 2014

5-year fixed rate products launched by Monmouthshire BS

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5-year fixed rate products launched by Monmouthshire BS

Monmouthshire Building Society launches a new range of five year fixed rate house purchase and remortgage products just in time for spring.

18 Mar 2014

Stricter lending criteria mean more work, say 85% of brokers

Mortgages

Stricter lending criteria mean more work, say 85% of brokers

The vast majority of mortgage brokers have seen their workload increase over the last three years according to a survey from Legal & General Mortgage Club.

18 Mar 2014

LMS launches new legal panel with the West Brom

Legal

LMS launches new legal panel with the West Brom

LMS has joined together with the West Bromwich Building Society to launch and manage its conveyancing panel, through the use of an innovative online portal.

18 Mar 2014

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