Latest News

Leeds BS to be MMR-compliant ahead of deadline

Mortgages

Leeds BS to be MMR-compliant ahead of deadline

Leeds Building Society will be compliant with the new regulations under the Mortgage Market Review for intermediary mortgages on 14th April, ahead of the 26th April deadline.

03 Apr 2014

RBS to close 44 branches in UK despite pledge

Latest News

RBS to close 44 branches in UK despite pledge

The Royal Bank of Scotland has announced it is closing 44 branches across the UK, despite pledging in 2010 not to close such branches.

03 Apr 2014

NatWest introduces Saturday opening for broker messaging service

Latest News

NatWest introduces Saturday opening for broker messaging service

This weekend, NatWest Intermediary Solutions is introducing a new Saturday opening for LiveTALK - its popular broker instant messaging service.

03 Apr 2014

FCA to move out of Canary Wharf

Latest News

FCA to move out of Canary Wharf

The Financial Conduct Authority is relocating to new 43,000 sq ft premises in East London, it has been reported by the Financial Times.

03 Apr 2014

Building societies 'perfect challengers' to banks, says Ipswich BS

Latest News

Building societies 'perfect challengers' to banks, says Ipswich BS

Ipswich BS, at its annual general meeting this week, has said that mutuals will become increasingly relevant in financial services.

03 Apr 2014

Shawbrook appoints STL specialist as Strategic Partner

Shawbrook appoints STL specialist as Strategic Partner

Shawbrook Bank has welcomed a new member, Dorset-based Positive Lending, to its elite Strategic Partner programme.

03 Apr 2014

Bridging lending grows by a quarter

Bridging lending grows by a quarter

Gross bridging lending now totals £2.02 billion as of the twelve months to 1st March. This represents an increase of more than one quarter (26%) compared to the previous twelve months, according to the latest West One Bridging Index.

03 Apr 2014

LendInvest passes the £50m landmark

Savings & Investments

LendInvest passes the £50m landmark

LendInvest, the peer-to-peer lending platform specifically for residential and commercial mortgages, has confirmed that it has now funded over £50m of property transactions.

02 Apr 2014

Northern Ireland sees first secured loan completion since credit crunch

Northern Ireland sees first secured loan completion since credit crunch

It's been a long way back for borrowers in Northern Ireland looking for a the secured loan but the biggest step yet was taken last week when Clearly Loans announced their first secured loan completion in a BT postcode.

02 Apr 2014

LV= launches one year fixed term annuity

Retirement

LV= launches one year fixed term annuity

In response to the Budget, retirement income specialist, LV= is launching a one year fixed term annuity.

02 Apr 2014

 

Shawbrook appoints new chief after CEO resignation

Shawbrook appoints new chief after CEO resignation

Specialist bank Shawbrook is announcing that Ian Henderson has resigned from his position as CEO and has been succeeded by Richard Pyman, previously Managing Director of Shawbrook Asset Finance.

02 Apr 2014

Prestige rebrands to mark a year under OneSavings Bank

Latest News

Prestige rebrands to mark a year under OneSavings Bank

Prestige Finance, the intermediary focussed second charge lending subsidiary of OneSavings Bank, has unveiled its new branding a year after its successful relaunch under the OSB banner.

02 Apr 2014

House prices up almost 10% year on year

shutterstock_92315239.jpg

House prices up almost 10% year on year

UK house prices increased fractionally by 0.4% in March, up 9.5% on March 2013 but still hovering around 3% below their 2007 peak.

02 Apr 2014

Coventry BS launches 2.75% cash ISA

Savings & Investments

Coventry BS launches 2.75% cash ISA

Coventry Building Society has announced the launch of a fixed rate Cash ISA, paying a rate above inflation at 2.75% Tax-free p.a. /AER until 31st May 2018.

02 Apr 2014

SfI reveals self-employed BTL lending criteria

to let signs

SfI reveals self-employed BTL lending criteria

From 7 April 2014, self-employed landlords can also benefit from Santander for Intermediaries’ BTL product range as the intermediary lender opens its criteria to self-employed buyers.

02 Apr 2014

Availability of finance will hold back residential development, say brokers

Availability of finance will hold back residential development, say brokers

Nearly half (46%) of the brokers responding to a survey carried out by United Trust Bank have said that the availability of finance will be the key issue in residential development this year.

02 Apr 2014

NACFB launches resource for SMEs struggling to find finance

NACFB launches resource for SMEs struggling to find finance

A new online matching service has been launched by the NACFB, in response to growing evidence that SMEs are still unable to access the array of lending options that exist beyond the high street banks.

02 Apr 2014

Treasury Committee to meet reviewer over FCA blunder

Latest News

Treasury Committee to meet reviewer over FCA blunder

The Treasury Committee today agreed to hold an evidence session with the independent reviewer who will be appointed by the Financial Conduct Authority to lead its inquiry into the FCA’s treatment of market sensitive information last week.

02 Apr 2014

The Mansfield unveils new discounted BTL product

The Mansfield unveils new discounted BTL product

The Mansfield Building Society has launched its latest offering for the BTL sector, with the unveiling of a new 2 year discounted product.

02 Apr 2014

Teachers BS joins TenetLime panel

Mortgages

Teachers BS joins TenetLime panel

TenetLime has confirmed Teachers Building Society, as the latest addition to its panel of lenders for 2014.

01 Apr 2014

Leeds BS strengthens intermediary mortgage team

Mortgages

Leeds BS strengthens intermediary mortgage team

Leeds Building Society has strengthened its intermediary mortgage team with the appointment of a new Head of Corporate Accounts.

01 Apr 2014

Two new products and rate cuts from Hinckley & Rugby

Mortgages

Two new products and rate cuts from Hinckley & Rugby

Hinckley & Rugby Building Society, which lends throughout England & Wales, has launched two new mortgages and cut the rate on another.

01 Apr 2014

Maintaining the supply of credit is vital, says FLA

Latest News

Maintaining the supply of credit is vital, says FLA

Today marks the first day of the Financial Conduct Authority's new regulatory regime over the consumer credit market.

01 Apr 2014

FCA warns firms of 'tough' action as it takes over consumer credit

Latest News

FCA warns firms of 'tough' action as it takes over consumer credit

The Financial Conduct Authority today formally took responsibility for regulating the £200 billion consumer credit market.

01 Apr 2014

Shawbrook's brokers get dedicated marketing support

Shawbrook's brokers get dedicated marketing support

Shawbrook Bank’s Commercial Mortgages division has appointed Jim Moulton as its new Head of Marketing and Broker Engagement.

01 Apr 2014

MSL surprised at lack of take up on pet discount

MSL surprised at lack of take up on pet discount

Masthaven Secured Loans is considering withdrawing its rate discount for pet owners who take out a second charge product in 2014.

01 Apr 2014

2013 - the year of the cautious borrower

Mortgages

2013 - the year of the cautious borrower

Research by myhomemove has found that despite the resurgence of the housing market in 2013, it was a year belonging to the cautious borrower.

31 Mar 2014

Mortgage approvals drop to lowest level since October: BoE

Mortgages

Mortgage approvals drop to lowest level since October: BoE

Mortgage approvals fell in February to their lowest level since October 2013, the latest statistics from the Bank of England reveal.

31 Mar 2014

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