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Repossessed homes exceeding valuation prices

Mortgages

Repossessed homes exceeding valuation prices

Repossessed homes are matching or exceeding valuation expectations across the UK reports The Charlbury Group.

03 Mar 2014

Average FTB deposit hits £27,500 as prices climb 16% in a year

Mortgages

Average FTB deposit hits £27,500 as prices climb 16% in a year

The average first-time buyer purchase price climbed 16% over the year to January 2014, hitting a record high of £155,832, according to the latest First Time Buyer Tracker from LSL Property Services.

03 Mar 2014

Help to Buy 'visibly improving' mortgage access for younger buyers

Mortgages

Help to Buy 'visibly improving' mortgage access for younger buyers

Parts one and two of the Help to Buy scheme are both visibly improving access to mortgages for younger buyers and those with smaller deposits, according to the National Mortgage Index from Mortgage Advice Bureau.

28 Feb 2014

CML calls for speedy consultation on EU mortgage rules

Mortgages

CML calls for speedy consultation on EU mortgage rules

The CML has said today it 'welcomes' formal publication today by the European Union of the mortgage credit directive.

28 Feb 2014

Claire Gates, Managing Director of borro

In The Spotlight

Claire Gates, Managing Director of borro

Financial Reporter had a chat with Claire Gates, Managing Director of borro, about personal asset lending and their upcoming plans.

28 Feb 2014

FCA confirms tough new rules for £200bn consumer credit market

Latest News

FCA confirms tough new rules for £200bn consumer credit market

The Financial Conduct Authority has confirmed the final rules that will govern the £200bn a year consumer credit market, which includes approximately 50,000 firms, from 1 April 2014.

28 Feb 2014

Repossessions down a third, says Land Registry

Mortgages

Repossessions down a third, says Land Registry

The January data from Land Registry's House Price Index shows an annual price increase of 4.2% - and repossessions down by a third.

28 Feb 2014

Aldermore boosts asset finance team with four new hires

Aldermore boosts asset finance team with four new hires

Challenger bank Aldermore has made four further appointments to its senior Asset Finance team.

28 Feb 2014

House prices up 9.4% year on year

Mortgages

House prices up 9.4% year on year

House prices in the UK increased by 0.6% in February, according to the latest house price index from Nationwide.

28 Feb 2014

Government-backed schemes help 100,000 buy homes

Mortgages

Government-backed schemes help 100,000 buy homes

Over 100,000 households are being helped onto the property ladder thanks to government backed schemes, Communities Secretary Eric Pickles and Housing Minister Kris Hopkins announced today.

28 Feb 2014

 

FCA bans former CIB Partners Limited CEO

Savings & Investments

FCA bans former CIB Partners Limited CEO

The FCA has banned Arnold Eber, the former Chief Executive Officer of CIB Partners Limited, from performing any function in relation to any regulated activity in the financial services industry.

27 Feb 2014

LendInvest and Montello hires Head of Risk and Compliance from BOE

LendInvest and Montello hires Head of Risk and Compliance from BOE

LendInvest and Montello have announced that Mrinal Ray has been hired as Head of Risk and Compliance.

27 Feb 2014

Prudential Financial Planning adopts XPLAN to power sales and advice

Latest News

Prudential Financial Planning adopts XPLAN to power sales and advice

IRESS today announces that its wealth management and advice platform XPLAN has been selected by Prudential UK to power and guide its Prudential Financial Planning (PFP) client sales and advice model.

27 Feb 2014

65% of homeowners are not prepared for a rate rise in the next 2 years

Mortgages

65% of homeowners are not prepared for a rate rise in the next 2 years

The latest Legal & General Mortgage Mood survey reveals that two thirds of consumers (65%) are not financially preparing for an interest rate rise in the next two years.

27 Feb 2014

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

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