Latest News

FCA to be key note speaker at Paradigm's Southampton round table event

Mortgages

FCA to be key note speaker at Paradigm's Southampton round table event

Paradigm Mortgage Services, has today announced the Financial Conduct Authority (FCA) will be delivering the key note speech at its next mortgage and protection round table.

27 Feb 2014

RBS announces pre-tax loss of £8.2 billion for 2013

Latest News

RBS announces pre-tax loss of £8.2 billion for 2013

RBS reports a pre-tax loss for 2013 of £8.2bn, including regulatory and redress provisions of £3.8bn, and other losses of £4.8bn related to the establishment of RBS Capital Resolution.

27 Feb 2014

Same again ISA savers face 41% rate cut

Savings & Investments

Same again ISA savers face 41% rate cut

Average three-year Cash ISAs in 2014 would produce just £104 in interest in first year.

27 Feb 2014

Record high for second charge bridging lending according to latest analysis

Record high for second charge bridging lending according to latest analysis

Short-term second charge lending is at a record high, according to the first analysis of the second charge bridging industry from West One Loans.

27 Feb 2014

Packager distributors launch EQUIS in London

Packager distributors launch EQUIS in London

Four of the UK's largest packager distributors formally launched EQUIS at One Aldwych hotel in London's West End yesterday in a series of presentations to fifty specially invited senior representatives of lenders, networks, trade bodies and trade press.

27 Feb 2014

EZBOB announces it has become latest NACFB patron

Latest News

EZBOB announces it has become latest NACFB patron

EZBOB, the short term commercial lender, currently working with brokers through commercial specialist, Liquidity Central, has announced it is to become a patron of the NACFB.

27 Feb 2014

CoE launches credit union network in payday loans fight

CoE launches credit union network in payday loans fight

Sir Hector Sants deploys UK's 'best branch network' in archbishop of Canterbury's fight against payday lenders.

27 Feb 2014

Genworth reveal new relationship with Bath Building Society

Mortgages

Genworth reveal new relationship with Bath Building Society

Genworth, a provider of mortgage insurance products to lenders in the UK, has today announced a new relationship with Bath Building Society.

27 Feb 2014

Eight out of ten SMEs have not sought, or wanted to seek, external finance

Eight out of ten SMEs have not sought, or wanted to seek, external finance

BDRC Continental today publishes the eleventh wave of its quarterly SME Finance Monitor investigating the availability of external finance for the UK’s SMEs.

27 Feb 2014

Regulation is coming to the world of bridging, says Fincorp

Regulation is coming to the world of bridging, says Fincorp

Director of bridging specialist Fincorp, Nigel Alexander, shares his opinion on the future of regulation in bridging.

26 Feb 2014

 

Broker reports surge in ISA sales as investors explore the DIY route

Savings & Investments

Broker reports surge in ISA sales as investors explore the DIY route

Discount broker Willis Owen has reported a 56% surge in sales so far this year, compared to the same period in 2013, as well as an 87% leap in new clients.

26 Feb 2014

CML: Scottish house purchase lending highest since 2008

Mortgages

CML: Scottish house purchase lending highest since 2008

In the fourth quarter of 2013, the number of loans for house purchase in Scotland reached its highest level since the second quarter of 2008, new CML data shows.

26 Feb 2014

CML: FTB lending in Northern Ireland sees 7-year high

Mortgages

CML: FTB lending in Northern Ireland sees 7-year high

The number of loans advanced to first-time buyers in Northern Ireland grew to its highest level since mid-2007 in the fourth quarter of 2013, with

26 Feb 2014

CML: Lending to Welsh FTBs highest since 2007

Mortgages

CML: Lending to Welsh FTBs highest since 2007

First-time buyers continued their upward trend with more having loans advanced to them in the fourth quarter of 2013 than any quarter since 2007, according to new data released by the CML.

26 Feb 2014

CML: FTBs in London up 33% in Q4

Mortgages

CML: FTBs in London up 33% in Q4

Mortgage lending in London in the fourth quarter of 2013 followed a similar upward trend to the rest of the UK, new data from the CML shows.

26 Feb 2014

1 in 5 clients risks breaching new pension allowance

Retirement

1 in 5 clients risks breaching new pension allowance

Advisers estimate that one in five (19%) of their clients is in danger of breaching the reduced pension lifetime limit by the time they reach retirement age, according to a new study by venture capital investor Albion Ventures.

26 Feb 2014

UK GDP confirmed at 0.7% in Q4

Latest News

UK GDP confirmed at 0.7% in Q4

UK GDP was estimated to have increased 1.8% in 2013, according to the latest figures from the Office for National Statistics.

26 Feb 2014

Remortgage beats trends with 12% increase in January

Mortgages

Remortgage beats trends with 12% increase in January

LMS figures reveal that monthly gross remortgage lending increased by £468m in January, to £4.27bn.

26 Feb 2014

Half of brokers concerned over impact of MMR affordability checks

Mortgages

Half of brokers concerned over impact of MMR affordability checks

Intermediary mortgage lenders and brokers are continuing to express concerns about the immediate impact of new affordability checks for borrowers, resulting from the MMR which becomes fully operational two months today.

26 Feb 2014

MAB chooses Mortgage27 for online mortgage sourcing

Mortgages

MAB chooses Mortgage27 for online mortgage sourcing

Provider of web-based mortgage sourcing systems, Mortgage27, has today announced that it has been selected by Mortgage Advice Bureau to power online mortgage sourcing within MAB’s in house point of sale and CRM system, known as MIDAS Pro.

26 Feb 2014

Insurance can remove reliance on payday loans

iStock_000012759639Small.jpg

Insurance can remove reliance on payday loans

[Blog from Tim Johnson, CEO of Paymentshield]

25 Feb 2014

Shawbrook boosts broker support with new BDE

Shawbrook boosts broker support with new BDE

Shawbrook Bank is ramping up the value it adds to its brokers, with the addition of a new Business Development Executive to its Commercial Mortgages team.

25 Feb 2014

BBA: Mortgage approvals up 57% to 7-year high

Mortgages

BBA: Mortgage approvals up 57% to 7-year high

According to the latest statistics from the BBA, January, mortgage borrowing was 38% higher than the same month in 2012, despite being down slightly on the previous month.

25 Feb 2014

Chancellor warned bank levy changes are causing instability

Latest News

Chancellor warned bank levy changes are causing instability

Chancellor George Osborne has come under pressure to end the bank levy, as the BBA argued that the decision to regularly hike how much is paid is damaging as banks are given "minimal advance notice" about the changes.

25 Feb 2014

More work to be done on mortgage arrears management, says FCA

Mortgages

More work to be done on mortgage arrears management, says FCA

In a review of lenders’ approaches to mortgage arrears management, the FCA found firms had improved practices, placing greater emphasis on the need to treat customers fairly, but identified areas on which the industry should now focus.

25 Feb 2014

Help to Buy trebles number of 95% products

Mortgages

Help to Buy trebles number of 95% products

Aspiring homebuyers with a 5% deposit now have three times more options than before the Help to Buy mortgage guarantee launched, according to the Genworth Mortgage Loan to Value Tracker.

25 Feb 2014

Virgin Money cuts 90% LTV rate

Mortgages

Virgin Money cuts 90% LTV rate

Virgin Money has announced a number of changes across its residential mortgage range, available from today.

25 Feb 2014

FCA plans to fine unidentified banker £2.5m

Latest News

FCA plans to fine unidentified banker £2.5m

The FCA plans to fine a banker £2.5 million over the manipulation of LIBOR, the Financial Times has reported.

25 Feb 2014

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