Latest News

Mortgage approvals at highest level since February 2008

Mortgages

Mortgage approvals at highest level since February 2008

According to the latest money and credit report from the Bank of England, mortgage approvals for house purchases continued to rise in September with 66,735 loans approved, the highest level since over five years ago (February 2008).

29 Oct 2013

NatWest increases proc fees and simplifies BTL proposition

Mortgages

NatWest increases proc fees and simplifies BTL proposition

NatWest Intermediary Solutions is simplifying its buy-to-let proposition by introducing a new single policy to cover all buy-to-let borrowers and reducing the rental cover requirement.

29 Oct 2013

Landlords urged to consider the impact of rising interest rates and price hikes

Mortgages

Landlords urged to consider the impact of rising interest rates and price hikes

Landlord Assist is urging landlords to ensure that their business strategy is robust enough to withstand the impact of a recovering property market and a potential forthcoming rise in interest rates.

29 Oct 2013

Leeds unveils Regular Saver paying 3.05%

Savings & Investments

Leeds unveils Regular Saver paying 3.05%

Leeds Building Society’s Regular Saver allows customers to benefit from a rate of 3.05% gross p.a./AER (including a 1.80% bonus), which is currently over six times higher than Bank Base Rate, by investing as little as £50 per month.

29 Oct 2013

Half of those approaching retirement 'unaware' of income options

Retirement

Half of those approaching retirement 'unaware' of income options

Research from retirement specialist LV= reveals that millions of Britain’s over-50s are unaware of how they can draw an income from their pension fund.

29 Oct 2013

Lending by mutuals over 50% higher than last year

Mortgages

Lending by mutuals over 50% higher than last year

Lending by building societies and other mutual lenders was 50% higher in September 2013 than the same month last year, demonstrating a continued improvement in consumer confidence about home purchase.

29 Oct 2013

Self Build mortgage launched by Hinckley & Rugby

Mortgages

Self Build mortgage launched by Hinckley & Rugby

Hinckley & Rugby Building Society has launched a new mortgage for people building their own home.

29 Oct 2013

Lloyds delivers on commitment to first time buyers

Mortgages

Lloyds delivers on commitment to first time buyers

As part of its market update, Lloyds Banking Group has today announced that it has already delivered its commitment to lend to 60,000 first time buyers by the end of 2013.

29 Oct 2013

Moneio becomes Freedom Finance

Moneio becomes Freedom Finance

As of today, loan broker Moneio Limited has changed name to Freedom Finance Limited.

29 Oct 2013

The Cambridge cuts BTL rates by 0.25%

The Cambridge cuts BTL rates by 0.25%

The Cambridge Building Society is launching a new Buy to Let product range, with rates starting at 3.59%, to all intermediaries from today.

28 Oct 2013

 

House completions up 17% year-on-year

Mortgages

House completions up 17% year-on-year

The September data from Land Registry's House Price Index shows an annual price increase of 3.4% which takes the average property value in England and Wales to £167,063.

28 Oct 2013

Alliance Trust Savings adds another 14 fund managers to platform

Savings & Investments

Alliance Trust Savings adds another 14 fund managers to platform

Alliance Trust Savings now offers in excess of 2,000 clean share class funds on its investment platform.

28 Oct 2013

Sesame launches exclusive 90% products via Leeds BS

Mortgages

Sesame launches exclusive 90% products via Leeds BS

Appointed representatives of Sesame network now have access to two new exclusive products via Leeds Building Society.

28 Oct 2013

Brokers 'optimistic' - but not relying on high street lenders

Brokers 'optimistic' - but not relying on high street lenders

Shawbrook Bank has revealed the results of its first ‘Broker Barometer’ – a quarterly survey to test the temperature of commercial mortgage brokers on everything from client confidence to popular product features.

28 Oct 2013

Self-builders get boost from levy exemption

Mortgages

Self-builders get boost from levy exemption

The changes will save self-builders thousands of pounds from the cost of building their ‘grand design’ by ensuring they are exempt from a levy charge paid for new buildings over a certain size.

28 Oct 2013

House prices boosted £31,500 by close proximity of top schools

Mortgages

House prices boosted £31,500 by close proximity of top schools

Parents looking to purchase a home close to one of the country's top 30 performing state schools face paying an average house price of £295,972, according to new research by Lloyds Bank.

28 Oct 2013

Trade body welcomes four payday lenders as members

Trade body welcomes four payday lenders as members

The Consumer Finance Association, the trade body widely recognised for driving industry improvements and best practice in the short-term lending industry, has accepted four major payday lenders as members.

25 Oct 2013

Gordon Rae, Intermediary Relationship Manager at Dudley BS

In The Spotlight

Gordon Rae, Intermediary Relationship Manager at Dudley BS

Financial Reporter had a chat to Gordon Rae, who was appointed Intermediary Relationship Manager at Dudley Building Society earlier this year.

25 Oct 2013

Brokers predict bridging boost - but say headline rates are misleading

Brokers predict bridging boost - but say headline rates are misleading

Brokers at this month’s Financial Services Expo in London’s Old Billingsgate have given bridging the thumbs up with expectations that business volumes will rise even further towards the end of the year.

25 Oct 2013

Halifax provides cashback incentive for mortgage customers

Mortgages

Halifax provides cashback incentive for mortgage customers

Halifax has today announced the launch of a new offer exclusively for existing mortgage customers moving home.

25 Oct 2013

Law firm takes to BBC News over 'unfair' mortgage rate hikes

Mortgages

Law firm takes to BBC News over 'unfair' mortgage rate hikes

Justin Selig, owner of law firm, The Law Department and Legal Director at Landlord Action, will be appearing on BBC News as the firm battle over unfair interest rate charges being imposed on nearly 7000 landlords, this time by West Bromwich BS.

25 Oct 2013

Hinckley & Rugby cuts rates on 85% and 90% products

Mortgages

Hinckley & Rugby cuts rates on 85% and 90% products

Hinckley & Rugby Building Society has today cut the interest rate on two mortgages.

25 Oct 2013

Santander launches large loan mortgage range

Mortgages

Santander launches large loan mortgage range

On Monday, Santander for Intermediaries is launching a range of new mortgages for larger loans of up to £2.5m, increasing the maximum loan size on a selected range of products to £1.5m, and introducing new products to its range.

25 Oct 2013

Shawbrook launches four new savings products

Savings & Investments

Shawbrook launches four new savings products

Shawbrook Bank has launched four new competitive savings products for personal customers, available from today.

25 Oct 2013

N&P cuts five year mortgage rate

Mortgages

N&P cuts five year mortgage rate

A new fixed rate mortgage is launched by Norwich & Peterborough Building Society today.

25 Oct 2013

Nationwide improves rates on higher LTV mortgages

Mortgages

Nationwide improves rates on higher LTV mortgages

From today, Nationwide is further supporting first time buyers and home movers with smaller deposits with reductions on all rates at 80%, 85% and 90% loan-to-value.

25 Oct 2013

Virgin reduces 90% LTV mortgage to 4.29%

Mortgages

Virgin reduces 90% LTV mortgage to 4.29%

Virgin Money has announced a number of changes across its residential and buy-to-let mortgage ranges. The updated range will be available from 25 October 2013.

24 Oct 2013

74% of advisers agree with Prince Charles' pension comments

Retirement

74% of advisers agree with Prince Charles' pension comments

Almost three-quarters of advisers agree with pension-related comments made by Prince Charles at the National Association of Pension Funds conference last week, according to a poll by Adviser Home, the adviser business development portal.

24 Oct 2013

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