Latest News

BoE maintains bank rate at 0.5%

Latest News

BoE maintains bank rate at 0.5%

​The Bank of England’s MPC today voted to maintain the bank rate at its current level of 0.5%, despite expectations that it would raise rates imminently.

08 May 2014

House prices ease in April: Halifax

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House prices ease in April: Halifax

House prices in the latest three months (February 2014 - April 2014) were 2.3% higher than in the preceding three months (November 2013 - January 2014) - but fell slightly on a monthly basis.

08 May 2014

Pink Mortgage Club to run roadshows for DA

Mortgages

Pink Mortgage Club to run roadshows for DA

Pink Mortgage Club is to run a series of four mortgage roadshows for directly authorised advisers around the country next week.

08 May 2014

70% of brokers cite speed as biggest lender issue

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70% of brokers cite speed as biggest lender issue

A recent survey conducted by Regentsmead has suggested that the majority of UK commercial finance brokers claim that a lack of speed is the biggest hindrance to seeing a deal over the line.

08 May 2014

Mortgage arrears drop in Q1: CML

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Mortgage arrears drop in Q1: CML

Both the number and the proportion of mortgages in arrears fell during the first quarter of 2014, according to new figures from the Council of Mortgage Lenders.

08 May 2014

Nationwide reprices high LTV product range

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Nationwide reprices high LTV product range

Nationwide Building Society is re-pricing its mortgage range, reducing rates by up to 0.20% at 80%, 85% and 90% LTV and increasing rates by 0.10% at 70% LTV.

08 May 2014

Promise launches compliance support for networks

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Promise launches compliance support for networks

Master broker Promise Solutions has launched a service to help networks to deal with secured loans compliantly.

08 May 2014

Barclays to axe 7,000 jobs in 'bold' overhaul

Latest News

Barclays to axe 7,000 jobs in 'bold' overhaul

Barclays today announced it would make 'bold' cuts in its controversial investment banking business, with a total of 7,000 jobs to be axed.

08 May 2014

The Mansfield cuts BTL rate by 0.5%

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The Mansfield cuts BTL rate by 0.5%

The Mansfield Building Society has launched a 2 year fixed rate product for the Buy to Let sector, with the rate reduced by 0.5% to 3.99%.

08 May 2014

DA firms urged to review incentive schemes with new tool

Latest News

DA firms urged to review incentive schemes with new tool

Bankhall, the professional support services provider, is urging small directly authorised firms to review their financial incentives schemes in light of the FCA’s latest thematic review.

07 May 2014

 

Borro adds to intermediary facing team with new hire

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Borro adds to intermediary facing team with new hire

Borro, the personal asset lender, which has committed to developing its intermediary facing proposition has announced the appointment of David Hardy as Business Development Director.

07 May 2014

Shift in renter demographic boosts BTL opportunities

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Shift in renter demographic boosts BTL opportunities

New research from Precise Mortgages, the specialist mortgage lender, has found that buy to let landlords are committed to the sector and their portfolio.

07 May 2014

Quarter of savers are unsure of pension pot size

Retirement

Quarter of savers are unsure of pension pot size

More than one in four employees (28%) with a workplace DC pension scheme say they have ‘no idea’ how much is in their pension pot, while an additional quarter (25%) could only make a rough guess.

07 May 2014

OneSavings Bank to float on LSE

OneSavings Bank to float on LSE

OneSavings Bank has announced its decision to float on the London Stock Exchange today.

07 May 2014

Network of law firms launched to smooth Shawbrook transactions

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Network of law firms launched to smooth Shawbrook transactions

A network of law firms available to act for borrowers has been established with the aim of delivering a smoother process for transactions involving Shawbrook Bank commercial loans.

07 May 2014

Leeds sees more ISA savers choosing fixed rates

Savings & Investments

Leeds sees more ISA savers choosing fixed rates

Savers seeking tax-free returns have switched their Cash ISA preferences while the Bank Base Rate has remained at its historic low, Leeds Building Society has discovered.

07 May 2014

Osborne to review regulators' enforcement powers

Latest News

Osborne to review regulators' enforcement powers

The Government has launched a review of the institutional arrangements and processes the financial services regulators use to make enforcement decisions.

07 May 2014

Drop in protection cover leaves mortgage holders exposed

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Drop in protection cover leaves mortgage holders exposed

Scottish Widows warns that an increasing number of mortgage holders are financially exposed as levels of protection cover drop.

07 May 2014

Leeds BS launches the first 10 year Help to Buy mortgage

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Leeds BS launches the first 10 year Help to Buy mortgage

Help to Buy mortgages with an introductory 0% rate and fixed terms up to 10 years are being launched by Leeds Building Society in partnership with Barratt Developments.

07 May 2014

Bridgewater announces next equity release masterclass

Retirement

Bridgewater announces next equity release masterclass

Bridgewater Equity Release has today announced it will be holding its next free half-day Masterclass event in Bournemouth this month.

06 May 2014

Source Insurance improves online payments

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Source Insurance improves online payments

Source Insurance, the online GI specialist has launched improved payment functionality within its quote and buy platform.

06 May 2014

Paradigm announces first round table post-MMR

Mortgages

Paradigm announces first round table post-MMR

Paradigm Mortgage Services, the mortgage services proposition, has today announced it will be taking its first post-Mortgage Market Review round table event to Birmingham this month.

06 May 2014

Two year fixed rates rose through most of April

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Two year fixed rates rose through most of April

Despite enjoying low rates for some time, borrowers could see this come to an end as the average two-year fix rose for most of April.

06 May 2014

Historically low borrowing growth to hit bank profitability

Latest News

Historically low borrowing growth to hit bank profitability

The profitability of banks is likely to be hit by subdued growth in household borrowing and business lending, warns a new report from the EY ITEM Club forecast for financial services.

06 May 2014

Barclays quarterly profits fall 5%

Latest News

Barclays quarterly profits fall 5%

Barclays adjusted pre-tax profits have fallen 5% after a reduction in investment bank income, it reported today.

06 May 2014

Coventry cuts rates on resi & BTL products

to let signs

Coventry cuts rates on resi & BTL products

Coventry Building Society has launched new low rates on a number of residential and BTL products.

06 May 2014

Online mortgage applications set to double

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Online mortgage applications set to double

Nearly one in six homeowners applied for their current mortgage online (16%) and this is set to double, with 33% saying they are likely to apply for their next mortgage online, according to latest research from HSBC.

06 May 2014

Deposit still main barrier to homeownership

Mortgages

Deposit still main barrier to homeownership

Despite the increase in high LTV mortgage availability, British households still believe the main barrier to home ownership in the UK is saving enough money for a deposit.

06 May 2014

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