Latest News

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

7 Days of Summer

Latest News

7 Days of Summer

The Loans Engine, in partnership with Precise Mortgages, Shawbrook Bank, Blemain Finance and Financial Reporter, is giving away a whole host of essentials so you can enjoy this summer to its fullest.

11 Jul 2014

Paragon Bank announces new rate

Savings & Investments

Paragon Bank announces new rate

New customers are now able to take advantage of a one year fixed rate savings account at 1.75% AER from Paragon Bank, representing a competitive choice for savers looking to lock in their money for the next 12 months.

11 Jul 2014

Church of England confirm Wonga exit

Latest News

Church of England confirm Wonga exit

The Church Commissioners for England have announced that their investment exposure to Wonga in their venture capital portfolio has been removed.

11 Jul 2014

RateSetter becomes first P2P lender to be risk rated

RateSetter becomes first P2P lender to be risk rated

RateSetter, the peer-to-peer lender, has now become the first P2P platform to be risk-rated by the ratings and research agency FE, with a risk score of 1, similar to cash accounts.

11 Jul 2014

National recovery strengthened by First-time buyers

Mortgages

National recovery strengthened by First-time buyers

First-time buyers strengthen the recovery nationwide, with new peak prices set in the South East and East Anglia according to the LSL House Price Index.

11 Jul 2014

Clydesdale and Yorkshire offer new unsecured rate

Latest News

Clydesdale and Yorkshire offer new unsecured rate

Clydesdale Bank and Yorkshire Bank have today launched a new 5.7% APR unsecured online personal loans product for loans amounts between £15,001 and £25,000.

11 Jul 2014

First Complete adds Newbury Building Society to its panel

Mortgages

First Complete adds Newbury Building Society to its panel

First Complete has added Newbury Building Society to its mortgage panel providing members with access to Newbury's range of shared ownership mortgages, buy-to-let and Homestarter mortgages, and a range of 95% LTV residential mortgages.

11 Jul 2014

'Currency caution' being urged to Eurozone expats despite strong pound

Latest News

'Currency caution' being urged to Eurozone expats despite strong pound

Retired British expats in the Eurozone who are currently benefitting from a strong pound are being urged to remain cautious of potential currency fluctuations, by a senior analyst at one of the world’s largest independent financial advisory organisations.

10 Jul 2014

Gold is on the rise as investor sentiment in UK property falls

Savings & Investments

Gold is on the rise as investor sentiment in UK property falls

Investor confidence in UK Property saw the second-biggest month-on-month downward swing this month, down six percentage points according to the Lloyds Bank Private Banking Investor Sentiment Index.

10 Jul 2014

London activity and expectations soften according to RICS

Mortgages

London activity and expectations soften according to RICS

Price momentum holds up on a national level although activity indicators are pointing to some moderation in the positive trend according to the June 2014 RICS Residential Market Survey.

10 Jul 2014

Aldermore launches new brand identity

Latest News

Aldermore launches new brand identity

Aldermore has announced the roll out of a new brand identity across its online platforms that it claims will emphasise its place in British banking as well as increasing the clarity and accessibility of information for the Bank’s customers.

10 Jul 2014

BoE rhetoric causing housing market slow down

Mortgages

BoE rhetoric causing housing market slow down

According to RICS, rhetoric by the Bank of England appears to be causing moderation in parts of the Uk housing market.

10 Jul 2014

FTBs and home movers up despite MMR

Mortgages

FTBs and home movers up despite MMR

May lending figures released by the CML provide insight into the effect MMR has had on lending trends with first-time buyers and home movers continuing to drive the UK mortgage market.

10 Jul 2014

L&G: Record completions in June

Mortgages

L&G: Record completions in June

June saw the most successful month in the Legal & General Mortgage Club's history, with the highest ever total for completions reaching £3.5bn.

10 Jul 2014

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