Latest News

Over 30,000 Yorkshire BS customers to be refunded mortgage arrears

Mortgages

Over 30,000 Yorkshire BS customers to be refunded mortgage arrears

Yorkshire Building Society Group will voluntarily refund all administration fees for mortgage arrears since January 2009.

17 Feb 2014

Five-year fix aimed at large-scale landlords launched by Paragon

Mortgages

Five-year fix aimed at large-scale landlords launched by Paragon

Specialist buy-to-let lender Paragon Mortgages has launched a new five-year fixed rate product specifically aimed at large-scale landlords.

17 Feb 2014

Average asking prices jump £16,223 in a year

Mortgages

Average asking prices jump £16,223 in a year

According to the Rightmove House Price Index for February, new seller average asking prices are up 3.3% this month, or £8,103, taking the average asking price to £251,964.

17 Feb 2014

Chris Thompson, CEO of Vertex Financial Services

In The Spotlight

Chris Thompson, CEO of Vertex Financial Services

Financial Reporter caught up with Chris Thompson, CEO of Vertex Financial Services.

14 Feb 2014

Leeds launches two new fixed rate ISAs

Savings & Investments

Leeds launches two new fixed rate ISAs

Leeds Building Society has launched two new competitive Fixed Rate cash ISAs to add to its savings portfolio.

14 Feb 2014

Lloyds boss defends £1.7m bonus

Latest News

Lloyds boss defends £1.7m bonus

Lloyds Bank chief executive Antonio Horta-Osorio has said in an interview with the BBC today that his bonus, worth £1.7m, is aligned with taxpayers' interests.

14 Feb 2014

Repossessions forecast to plummet next year: HML

Latest News

Repossessions forecast to plummet next year: HML

HML data forecasts that there will be 25,057 repossessions during 2014 – a decline of 13% from the CML’s 28,900 repossessions noted for 2013.

14 Feb 2014

H&R cuts rates on fee free and tracker products

Mortgages

H&R cuts rates on fee free and tracker products

Hinckley & Rugby Building Society has today cut the interest rate on two of its mortgages – a fee free lifetime discount and a two year tracker mortgage.

14 Feb 2014

Number of homes for sale falls to two-year low

Mortgages

Number of homes for sale falls to two-year low

Experian has revealed that after two years of year-on-year increases in the number of properties being listed ‘for sale’ each quarter, the final few months of the year saw the number of homes for sale fall for the first time.

14 Feb 2014

BML director takes on 3,500km pan-Indian challenge for charity

Latest News

BML director takes on 3,500km pan-Indian challenge for charity

Barcadia Media director Andy Shields aims to raise over £1,000 for charity in April by taking on the formidable Rickshaw Run - a 3,500km adventure that spans the length of India.

14 Feb 2014

 

TSB Bank appoints Will Samuel as Chairman

Latest News

TSB Bank appoints Will Samuel as Chairman

TSB Bank plc has said it is pleased to confirm the appointment of Will Samuel as its new Chairman.

14 Feb 2014

Annuities market isn't working for consumers, says FCA

Retirement

Annuities market isn't working for consumers, says FCA

The annuities market is not working for consumers, the FCA has concluded following an extensive review.

14 Feb 2014

FTB surge encourages January market activity burst

Mortgages

FTB surge encourages January market activity burst

First time buyers returned to the property market in January faster than any other type of customer, according to chartered surveyors Connells Survey & Valuation.

14 Feb 2014

Lender 'pipeline' sees home loans soar by a quarter

Mortgages

Lender 'pipeline' sees home loans soar by a quarter

Monthly home loans have risen between December and January for the first time in twelve years, according to the latest Mortgage Monitor from e.surv, the UK’s largest chartered surveyor.

14 Feb 2014

Second charge repossessions down 30% in Q4

Second charge repossessions down 30% in Q4

Figures released today by the Finance & Leasing Association show second charge mortgage repossessions fell in Q4 2013 by 29.7% to 123, compared with the same quarter in 2012.

13 Feb 2014

North-South rental gap has almost doubled since 2008

Mortgages

North-South rental gap has almost doubled since 2008

The difference in cost between renting a home in the north than the south is almost twice as much as it was in 2008, according to new research.

13 Feb 2014

Lloyds Bank returns to profit

Latest News

Lloyds Bank returns to profit

Gross mortgage lending at Lloyds Banking Group jumped by more than £10bn to reach £36.9bn during 2013 as the bank returned to profit.

13 Feb 2014

Brokers expect more BTL business this year

Brokers expect more BTL business this year

Brokers are looking forward to an expected increase in buy-to-let business following an encouraging final quarter of 2013, according to research conducted by NatWest Intermediary Solutions.

13 Feb 2014

Three year fix at 1.89% launched by Leeds BS

Mortgages

Three year fix at 1.89% launched by Leeds BS

Leeds Building Society has launched a new three year fixed rate mortgage with a exceptional rate of 1.89%.

13 Feb 2014

Supply and demand imbalance sees asking prices being taken seriously

Mortgages

Supply and demand imbalance sees asking prices being taken seriously

The number of properties that sold for above or at the original asking price so far in 2014 has increased markedly since 2013, according to the National Association of Estate Agents.

13 Feb 2014

Repossessions drop to six-year low

Mortgages

Repossessions drop to six-year low

The number and proportion of mortgage repossessions was lower in 2013 than in any year since 2007, according to the latest data from the Council of Mortgage Lenders.

13 Feb 2014

Shortage of homes is seriously hampering growth, says RICS

Latest News

Shortage of homes is seriously hampering growth, says RICS

A shortage of homes coming onto the nation's housing market is seriously hampering growth and pushing prices higher in many parts of the country, says the RICS January Residential Market Survey.

13 Feb 2014

HomeServe fined record £30m for mis-selling

Protection

HomeServe fined record £30m for mis-selling

The FCA has issued its largest ever retail fine of £30,647,400 to insurance intermediary HomeServe for serious and long running failings including mis-selling insurance products.

13 Feb 2014

BoE overhauls forward guidance as it keeps interest rates on hold

Latest News

BoE overhauls forward guidance as it keeps interest rates on hold

The Bank of England has signalled it will keep interest rates on hold at the historic low of 0.5% for at least another year, despite predicting strong growth of 3.4% in 2014.

12 Feb 2014

Nucleus launches ISA toolkit for advisers

Savings & Investments

Nucleus launches ISA toolkit for advisers

Nucleus, the adviser influenced wrap, has launched an ISA toolkit for advisers, aimed at ensuring their clients get the most out of the ISA season.

12 Feb 2014

Post Office re-enters buy-to-let market

Mortgages

Post Office re-enters buy-to-let market

Post Office, along with its financial services partner, Bank of Ireland, has today announced the launch of a series of Buy to Let mortgage deals, cementing its position as a challenger to traditional high street mortgage lenders.

12 Feb 2014

CML: December saw 10% dip in BTL loans

Mortgages

CML: December saw 10% dip in BTL loans

Gross buy-to-let advances in December totalled 14,500 loans, which was down 10% compared to November 2013, according to the CML.

12 Feb 2014

Brokers say high street banks are still averse to development finance

Brokers say high street banks are still averse to development finance

59% of brokers working in the development finance sector have said that the last time they approached a high street bank with a proposal for development finance it was rejected.

12 Feb 2014

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