Latest News

3mc enhances proc fees on Aldermore BTL deals

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3mc enhances proc fees on Aldermore BTL deals

Mortgage distributor 3mc is offering brokers an enhanced procuration fee of 0.75% on all Aldermore buy-to-let deals up to £500,000, for applications received between 1st May and 31st July.

06 May 2014

Are house prices keeping up with inflation?

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Are house prices keeping up with inflation?

Home.co.uk investigates house price gains versus the value of money.

02 May 2014

Stable borrowers are still being rejected for prime rate loans

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Stable borrowers are still being rejected for prime rate loans

March loan application data from comparison site Freedom Finance reveals that despite being in full time employment with a median salary of £26,000, many borrowers are still being rejected for the best high street loans.

02 May 2014

True Potential expands fund strategies with Goldman Sachs Asset Management

Latest News

True Potential expands fund strategies with Goldman Sachs Asset Management

True Potential Investments has added a new Goldman Sachs Asset Management (GSAM) income strategy fund to its Wealth Platform on an exclusive distribution deal.

02 May 2014

Legal & General suggest housing will become the biggest driver of inequity in the UK

Mortgages

Legal & General suggest housing will become the biggest driver of inequity in the UK

Since the mid 1990’s house prices have doubled in real terms, but the UK is only building 125,000 houses a year, compared to 400,000 per annum after the war.

02 May 2014

£1.2bn banked in overpaid energy bills

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£1.2bn banked in overpaid energy bills

As new research reveals that half of UK households has a credit balance on their gas or electricity bills, comparison website Gocompare.com urges customers to review their energy accounts and reclaim their hard earned cash.

02 May 2014

Calls for 55% death benefit tax on pensions to be aligned with IHT

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Calls for 55% death benefit tax on pensions to be aligned with IHT

Standard Life is calling for a clearer, simpler and fairer approach to the death benefit tax charge, in response to the Budget changes to pensions.

02 May 2014

Treasury Committee approves appointments to the MPC and FPC

Latest News

Treasury Committee approves appointments to the MPC and FPC

Following Wednesday’s hearing, the Treasury Committee has confirmed that it has approved the appointments of Andrew Haldane as a member of the Monetary Policy Committee, and Spencer Dale as a member of the Financial Policy Committee.

02 May 2014

RBS increases mortgage lending 22.2%

RBS increases mortgage lending 22.2%

Royal Bank of Scotland has reported it increased its mortgage lending by 22.2% year-on-year in Q1, with £4.4bn lent compared to £3.6bn in Q1 2013.

02 May 2014

Scottish independence could boost UK credit rating

Latest News

Scottish independence could boost UK credit rating

Credit ratings agency Moody's has said that if Scotland votes in favour of independence, Britain could end up with a better credit rating.

02 May 2014

 

UK house prices to catch up with the growth of Prime Central London

Mortgages

UK house prices to catch up with the growth of Prime Central London

Despite outpacing the rest of the UK for some time, the growth of London house prices is set to be lower than areas outside of the capital in 2014, according to data released by Strutt & Parker.

02 May 2014

House prices could quadruple, warns report

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House prices could quadruple, warns report

A report issued by KPMG and Shelter has warned that England faces a worsening housing crisis if the next government does not take serious action on house building.

02 May 2014

Stuart Kelly, Director of Lending - Commercial Mortgages, Shawbrook

In The Spotlight

Stuart Kelly, Director of Lending - Commercial Mortgages, Shawbrook

Financial Reporter spoke to Stuart Kelly, Director of Lending - Commercial Mortgages, Shawbrook.

02 May 2014

The Charlbury Group unveils field agent instruction system

Latest News

The Charlbury Group unveils field agent instruction system

The Charlbury Group today unveiled its new Field Agent System that allows lenders to distribute instructions to field agent firms and receive reports and supplier performance electronically.

01 May 2014

Kent Reliance slashes BTL rates on large loans

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Kent Reliance slashes BTL rates on large loans

Kent Reliance, part of OneSavings Bank plc, has unveiled its new large loan Buy to let mortgage range including its new specialist large loan Buy to let product and a re-pricing on their standard large loan Buy to let mortgages.

01 May 2014

Post Office opens up mortgages to intermediary market

Mortgages

Post Office opens up mortgages to intermediary market

The Post Office in partnership with Bank of Ireland UK, its financial services partner, has today announced its intention to widen distribution through the Legal & General Mortgage Club.

01 May 2014

The Mansfield targets prime market with first post-MMR products

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The Mansfield targets prime market with first post-MMR products

The Mansfield Building Society has launched two new products to increase its presence in the prime mortgage market.

01 May 2014

Interest-only strategy is working: CML

Mortgages

Interest-only strategy is working: CML

One year since agreement between the CML and the FCA, for lenders to contact all borrowers with interest-only mortgages due to mature before the end of 2020, the CML reports a significant reduction in outstanding interest-only debt.

01 May 2014

Lloyds sees pre-tax profit drop almost a third

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Lloyds sees pre-tax profit drop almost a third

Lloyds Banking Group saw pre-tax profits fall 30% year-on-year in Q1.

01 May 2014

Lloyds Bank teams up with GLE oneLondon to lend £5m to SMEs

Lloyds Bank teams up with GLE oneLondon to lend £5m to SMEs

GLE oneLondon and Lloyds Bank have today announced the launch of a fund supported by the European Investment Fund under the Progress Microfinance initiative.

01 May 2014

Miliband reveals plans to cap rent on buy-to-lets

Miliband reveals plans to cap rent on buy-to-lets

Ed Miliband has revealed plans to shake-up the private rental sector, with longer tenancies and rent rise caps.

01 May 2014

Shawbrook appoints new Commercial Lending Manager

Shawbrook appoints new Commercial Lending Manager

Shawbrook Bank has appointed Thomas O’Brien as a lending manager in its commercial mortgages division.

01 May 2014

48% of advisers worried about regulatory costs

Latest News

48% of advisers worried about regulatory costs

Advisers are largely optimistic about the proposed savings and pension reforms and the advisory market in general - but concerned about regulatory costs, according to the latest Adviser Barometer from Aviva.

01 May 2014

House price growth hits double figures for first time in 4 years

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House price growth hits double figures for first time in 4 years

According to the latest Nationwide house price index, a 1.2% increase in house prices during April saw annual growth reaching double digits for first time since April 2010.

01 May 2014

Choice of BTL mortgages is wider than ever

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Choice of BTL mortgages is wider than ever

In Q1 2014 the availability of buy to let mortgage products was one third higher than the number of products available in early 2008 just before the financial crash according to the latest research from Mortgages for Business.

30 Apr 2014

Is the vogue for development a sign the market is overheating?

Is the vogue for development a sign the market is overheating?

[SPECIAL FEATURE: Matthew Anderson, director, Fincorp]

30 Apr 2014

LV= rolls out retirement income microsite for advisers

Retirement

LV= rolls out retirement income microsite for advisers

Retirement specialist LV= is launching a new retirement income microsite to provide advisers with greater clarity as to what their clients options are post budget.

30 Apr 2014

House prices dip by 0.4% in March: Land Registry

Mortgages

House prices dip by 0.4% in March: Land Registry

March data from the Land Registry shows an annual price increase of 5.6%, taking the average property value in England and Wales to £169,124 - however, the monthly change from February to March shows a decrease of 0.4%.

30 Apr 2014

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