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HSBC sets aside £1.2bn for consumer redress

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HSBC sets aside £1.2bn for consumer redress

According to its annual results, published today, HSBC has set aside £1.2bn to pay redress to UK customers, including £89.5m for unsuitable investment advice.

24 Feb 2014

GI provider Berkeley Alexander sees 100% increase in January sales

Protection

GI provider Berkeley Alexander sees 100% increase in January sales

General insurance provider, Berkeley Alexander, has got off to a record start in 2014 with results of sales via its distribution partners up by 100% on January 2013.

24 Feb 2014

NatWest Intermediary appoints new Corporate Account Manager

Latest News

NatWest Intermediary appoints new Corporate Account Manager

NatWest Intermediary Solutions has appointed Alan Ferguson as its new Corporate Account Manager, replacing Andy Ingham who has taken up a new position in NatWest’s retail arm.

24 Feb 2014

Research reveals importance of foreign property investors in London

Savings & Investments

Research reveals importance of foreign property investors in London

A new report has revealed that overseas buyers accounted for 15% of new homes purchases in London in 2013.

24 Feb 2014

Rents rise 8% annually as BTL applications rocket

to let signs

Rents rise 8% annually as BTL applications rocket

According to the National & London Lettings Index from Sequence, UK rents have increased by 8% annually to £758 per month as the market picks up momentum.

24 Feb 2014

New equity release lender Pure Retirement launches

Retirement

New equity release lender Pure Retirement launches

Pure Retirement, a new equity release provider, has announced its launch to market with its Pure Drawdown Plan.

24 Feb 2014

Ex-Aldermore Alan Carter joins Investec Asset Finance

Ex-Aldermore Alan Carter joins Investec Asset Finance

Investec Asset Finance today announced the appointment of Alan Carter to its middle ticket team to increase Investec’s offering in this sector.

24 Feb 2014

Relaxed BTL & FTB criteria unveiled by Saffron

Mortgages

Relaxed BTL & FTB criteria unveiled by Saffron

Saffron For Intermediaries, the dedicated broker channel of Saffron Building Society, has enhanced its buy-to-let and first-time buyer lending criteria, by making the following changes:

24 Feb 2014

LV= report sheds light on fixed term annuities

blue screen numbers

LV= report sheds light on fixed term annuities

Retirement specialist LV= has published a second edition 'Fact and Fiction' report for advisers, looking at the personal circumstances and market changes that mean clients should consider fixed term annuities.

24 Feb 2014

Retired homeowners see property wealth grow £7,100 in a year

Retirement

Retired homeowners see property wealth grow £7,100 in a year

Retired homeowners have seen their property wealth grow by an average £7,100 each in the past year as the housing market boom has sent home prices soaring, new research from over-55s financial specialist Key Retirement Solutions shows.

24 Feb 2014

 

Brightside appoints Paul Williams as CEO

Protection

Brightside appoints Paul Williams as CEO

Brightside, the specialist insurance broker, has announced Paul Williams has today joined the Board as Chief Executive Officer, and to provide his overview of the 2014 strategy.

24 Feb 2014

Martin Reynolds, CEO of SimplyBiz Mortgages

In The Spotlight

Martin Reynolds, CEO of SimplyBiz Mortgages

Financial Reporter had a chat with Martin Reynolds, CEO of SimplyBiz Mortgages.

21 Feb 2014

Overseas mortgages – so much more than just good rates!

Blogs

Overseas mortgages – so much more than just good rates!

It’s a pretty good time to buy overseas property at the moment and buyers are in a strong position, there’s no doubt about that.

21 Feb 2014

Ipswich BS launches 1.97% fixed rate remortgage product

Mortgages

Ipswich BS launches 1.97% fixed rate remortgage product

Ipswich Building Society has launched a competitive two year fixed rate 75% LTV, free valuation purchase and remortgage product.

21 Feb 2014

Treasury committee announces inquiry into SME lending

Treasury committee announces inquiry into SME lending

Following its recent evidence sessions with Sir Andrew Large, Laurence Tomlinson and the Financial Conduct Authority, the Treasury Committee has today announced that it will be conducting a short inquiry into SME lending.

21 Feb 2014

Taking the reins to drive up standards

Blogs

Taking the reins to drive up standards

[Blog from Karen Bennett, Sales and Marketing Director, Commercial Mortgage, Shawbrook Bank]

21 Feb 2014

Housing starts up 23% last year

Latest News

Housing starts up 23% last year

Housing starts in England climbed 23% last year against 2012 to reach the highest level seen since 2007, according to government figures released.

21 Feb 2014

Half of all inheritance tax paid from London and South East

Half of all inheritance tax paid from London and South East

Estates liable for inheritance tax in the UK in 2010-2011 faced a bill of nearly £166,000 on average, according to new analysis of HMRC data by Prudential.

21 Feb 2014

Nucleus issues adviser guide to platform and pension changes

Retirement

Nucleus issues adviser guide to platform and pension changes

A step-by-step guide on legislative changes to platform payments and pensions has been launched by Nucleus, the adviser influenced wrap, today.

21 Feb 2014

London landlords see double the national average in returns

Mortgages

London landlords see double the national average in returns

Landlords across England and Wales have seen returns eclipsed by those in the capital, according to the latest Buy-to-Let Index from LSL Property Services.

21 Feb 2014

Mortgages take back seat as cash & equity fuel market recovery: IMLA

Mortgages

Mortgages take back seat as cash & equity fuel market recovery: IMLA

Mortgage lending made its smallest contribution to the financing of house purchases since before the recession as buyers used cash and equity to move in 2013, according to the Intermediary Mortgage Lenders Association.

21 Feb 2014

Clients 'shocked' by changes to mortgage application process, say brokers

Mortgages

Clients 'shocked' by changes to mortgage application process, say brokers

Increasing numbers of Springtide Capital’s clients have been shocked by the extent of changes to the mortgage application process in the last six years.

20 Feb 2014

FCA 'pleased' with MMR preparation

Mortgages

FCA 'pleased' with MMR preparation

The FCA today announced that their second Mortgage Market Review readiness survey shows that firms are well underway with MMR preparation.

20 Feb 2014

Brokers are divided over commission transparency

Latest News

Brokers are divided over commission transparency

The results of Shawbrook Bank's second Broker Barometer – its quarterly survey to test the temperature of the commercial intermediary market – have revealed that brokers are polarised when it comes to commission disclosure.

20 Feb 2014

Hinckley & Rugby launches new 95% LTV product

Mortgages

Hinckley & Rugby launches new 95% LTV product

Hinckley & Rugby Building Society, which lends throughout England & Wales, has today launched a new two year fixed rate mortgage for home buyers with only a five per cent deposit.

20 Feb 2014

Gross mortgage lending up a third year-on-year

Mortgages

Gross mortgage lending up a third year-on-year

Gross mortgage lending was an estimated £15.5 billion in January, according to the Council of Mortgage Lenders.

20 Feb 2014

Connells sees mortgage business grow 38% in 2013

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Connells sees mortgage business grow 38% in 2013

The Connells Group has announced it continued to see significant growth in its Mortgage Services business in 2013.

20 Feb 2014

Increased M&A activity 'good news' for commercial brokers

Increased M&A activity 'good news' for commercial brokers

Julian Wells, Marketing Director at rebuildingsociety.com, has said today the recent upturn in mergers and acquisitions activity is good news for brokers.

20 Feb 2014

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