Latest News

10 day BTL sale launched by Accord

Mortgages

10 day BTL sale launched by Accord

Accord Buy To Let has announced a ten day promotion offering 65% LTV products from Monday July 14.

16 Jul 2014

Significant debt forgiveness settlement funded by Bridgebank

Significant debt forgiveness settlement funded by Bridgebank

Bridgebank Capital has completed a £2.3m bridging loan advance to an experienced property investor secured against a mixed portfolio of residential and commercial investment properties.

16 Jul 2014

Commercial lender broadens broker horizons

Commercial lender broadens broker horizons

Ezbob, the online short term commercial lender, is showing mortgage brokers that they can become more involved in the commercial market as ezbob's lending model gains traction in the market.

16 Jul 2014

Stonebridge to offer life and protection panel to DAs

Protection

Stonebridge to offer life and protection panel to DAs

Stonebridge Group, the mortgage and insurance network, has today announced it is now offering directly authorised firms access to its limited life and protection panel.

16 Jul 2014

Scottish house prices up £6,750 in 12 months

Mortgages

Scottish house prices up £6,750 in 12 months

Scottish house prices have risen for the ninth consecutive month in a row with, up £6,750 on average in the last year, according to the latest LSL Scotland House price Index.

16 Jul 2014

Comparison websites fail to meet FCA expectations

Legal

Comparison websites fail to meet FCA expectations

The FCA has found that some price comparison websites operating in the general insurance sector are failing to meet consumers' expectations of them and, in some cases, the FCA's regulatory standards.

16 Jul 2014

New sourcing system launches

Mortgages

New sourcing system launches

A new, cloud-based sourcing system has launched, from APAC Systems, combining criteria and application questions from 128 lenders to create a generic application form designed to save time for brokers.

15 Jul 2014

Saving at the average rate will cause today's babies pension problems

Retirement

Saving at the average rate will cause today's babies pension problems

The average person born today would need to have started saving 30 years ago to retire with an annual income equivalent to half the average UK salary of £27,000, according to calculations by pension provider, Liberty SIPP.

15 Jul 2014

Mortgage sourcing systems – it’s all about accuracy

Mortgage sourcing systems – it’s all about accuracy

[SPECIAL FEATURE: Mortgage sourcing systems have come a long way in a relatively short space of time. As Mark Lofthouse, CEO of Mortgage Brain, explains, however, accuracy is the key to their success.]

15 Jul 2014

Inflation remains below 2% target for seventh month

Latest News

Inflation remains below 2% target for seventh month

The consumer price index rose to 1.9% in June, according to the Office for National Statistics.

15 Jul 2014

 

Price growth lag for London new builds puts investors at risk

Price growth lag for London new builds puts investors at risk

New research conducted by LCP, Specialist Fund and Asset Managers, on the new build market in London has revealed that there have been £1.2bn worth of sales already this year.

15 Jul 2014

House prices up 10.5%: ONS

Mortgages

House prices up 10.5%: ONS

UK house prices increased by 10.5% in the year to May 2014, up from 9.9% in the year to April 2014, according to the ONS House Price Index.

15 Jul 2014

Ex-regulators launch compliance service

shutterstock_145160614.jpg

Ex-regulators launch compliance service

Newgate Compliance, an independent consultancy offering compliance solutions, has announced the official launch of its innovative and fully integrated compliance service.

15 Jul 2014

Payday loans cost cap of 0.8% a day proposed by FCA

Latest News

Payday loans cost cap of 0.8% a day proposed by FCA

The FCA has today announced that as of January 2015, they will introduce a cap on the total amount that high-cost short-term credit lenders can charge.

15 Jul 2014

Citigroup to pay £4bn over sub-prime mortgage investigation

Mortgages

Citigroup to pay £4bn over sub-prime mortgage investigation

Citigroup will pay $7bn (£4bn) to US authorities to settle an investigation into risky sub-prime mortgages, the BBC has reported.

14 Jul 2014

Wonga's new chairman vows to clean up unfair lending practices

Latest News

Wonga's new chairman vows to clean up unfair lending practices

Payday lender Wonga has appointed a new chairman, Andy Haste, who vows to clean up its lending practices amid revelations that it sent 'unfair and misleading' fake legal letters to customers.

14 Jul 2014

Tyrie to write to banks to investigate misleading 'solicitor' letters

Latest News

Tyrie to write to banks to investigate misleading 'solicitor' letters

Andrew Tyrie MP, Chairman of the Treasury Committee, has written to a number of high street banks that are reported to have sent letters to customers that falsely appear to be from independent solicitor firms.

14 Jul 2014

Payday lender agrees to improve practices and refunds £700,000

Latest News

Payday lender agrees to improve practices and refunds £700,000

Following a review by the FCA, payday lender Dollar has voluntarily agreed to refund over £700,000 of interest and default charges to 6,247 customers who, due to a systems error, received a loan amount which exceeded Dollar’s own lending criteria.

14 Jul 2014

Seven in ten regret not shopping around for pension rates

Retirement

Seven in ten regret not shopping around for pension rates

Seven in 10 who accepted the guaranteed pension income offered by their own pension company without considering other options or providers would do things differently if they were in the same position again, new research reveals.

14 Jul 2014

New building society launches innovative family mortgage

Mortgages

New building society launches innovative family mortgage

The Family Building Society is launching the Family Mortgage, aimed at making it easier for young adults to get a foothold on the property ladder.

14 Jul 2014

Metro Bank refreshes mortgage range with reductions up to 40bps

Mortgages

Metro Bank refreshes mortgage range with reductions up to 40bps

From today Metro Bank is refreshing its residential and BTL mortgage ranges for customers.

14 Jul 2014

New building society launches with family focus

Latest News

New building society launches with family focus

The Family Building Society is open for business from 14 July.

14 Jul 2014

Gulf between top and bottom annuity rates is 30%

Retirement

Gulf between top and bottom annuity rates is 30%

The latest Annuity Index from retirement specialist MGM Advantage reveals the gulf in rates between the top enhanced rates and bottom standard rates is 30%.

14 Jul 2014

Registration open for FSE London

Latest News

Registration open for FSE London

Front Events, the events company headed by James Prosser and Chairman, John Malone, and organisers of Financial Services Expo London, have today announced that visitor registration for the exhibition is now open.

14 Jul 2014

Instructions increase 30% in Q2

Legal

Instructions increase 30% in Q2

Broker Conveyancing, the broker-focused conveyancing distributor, has today revealed an ongoing increase in quarterly purchase and remortgage instructions.

14 Jul 2014

Dudley BS appoints new lender to panel

Mortgages

Dudley BS appoints new lender to panel

Dudley Building Society, which lends exclusively through the intermediary channel, has made the first new appointment to its panel of lending partners since it launched its new service in September last year.

14 Jul 2014

NIS to introduce 4.99 x LTI cap for BTL mortgages

Mortgages

NIS to introduce 4.99 x LTI cap for BTL mortgages

From 14th July and in line with the rest of the RBS and NatWest mortgage channels, NatWest Intermediary Solutions has informed Financial Reporter that it plans to introduce a 4.99 times loan-to-income cap per application for all B2L business.

11 Jul 2014

New research shows 32% of young people will explore using HTB

Mortgages

New research shows 32% of young people will explore using HTB

A new piece of research by Voxburner into the hopes of young people buying a property has revealed that this generation has a fairly realistic expectation of when they might own a property and how much deposit will be involved.

11 Jul 2014

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