Latest News

Magellan Home loans appoints regional sales manager

Latest News

Magellan Home loans appoints regional sales manager

Magellan Homeloans, the specialist credit repair lender, has appointed Spencer Gale as Regional Sales Manager with responsibility for the South and South East of England.

30 Jun 2014

Research indicates lack of understanding about NISAs

Research indicates lack of understanding about NISAs

Virgin Money has revealed the results of some new research, which starkly illustrate that the new ISA rules coming into effect on 1 July will make little difference to many savers.

30 Jun 2014

Mortgage approvals drop to lowest in almost a year

Mortgages

Mortgage approvals drop to lowest in almost a year

The Bank of England said mortgage approvals for house purchase numbered 61,707 in May, down from 62,806 in April - a smaller drop than forecast but still the lowest reading in 11 months

30 Jun 2014

Over 50% of Help to Buy users come from private rental sector

Mortgages

Over 50% of Help to Buy users come from private rental sector

Data from Countrywide shows that the income of the average Help to Buy purchaser moving from privately rented accommodation is £41,000, while a third (35%) of households renting earn less than £30,000.

30 Jun 2014

Kensington & Chelsea is Britain's most expensive area to buy

Mortgages

Kensington & Chelsea is Britain's most expensive area to buy

New research from Halifax shows that areas in London and the South East are continuing to dominate the country's list of most expensive places for property on a per square metre basis.

30 Jun 2014

Interest rates could hit 5% this decade: BoE deputy governor

Latest News

Interest rates could hit 5% this decade: BoE deputy governor

The deputy governor of the Bank of England, Sir Charlie Bean, says interest rates could eventually return to 5%.

30 Jun 2014

Pre-retirees still unconvinced by new guidance service

Retirement

Pre-retirees still unconvinced by new guidance service

New insight from MGM Advantage reveals that the majority of people approaching retirement remain to be convinced about the merits of using the new retirement guidance service launching next year.

30 Jun 2014

Derek Bradley, CEO of Panacea Adviser

In The Spotlight

Derek Bradley, CEO of Panacea Adviser

Derek Bradley is CEO of Panacea Adviser, the online community and resource for financial advisers.

27 Jun 2014

London house prices continue to rise fastest at 18.5%

Latest News

London house prices continue to rise fastest at 18.5%

The May data from Land Registry's House Price Index shows an annual price increase of 6.7% which takes the average property value in England and Wales to £172,035 - but once again, London prices are rising well above the national average.

27 Jun 2014

England needs to get the foundations right

England needs to get the foundations right

Like anyone who witnessed England’s two agonising World Cup games will tell you, success relies on getting the basics right, writes Duncan Kreeger, director of West One Loans.

27 Jun 2014

 

Central Trust launches second charge BTL product

Central Trust launches second charge BTL product

Secured loans lender, Central Trust, has announced its launch into the buy-to-let market by offering a range of variable rates starting at 9.99% and three-year fixed rates, starting at 10.99%.

27 Jun 2014

Virgin Money revamps ISA range

Virgin Money revamps ISA range

Virgin Money has strengthened its savings range for customers by launching new products and increasing interest rates on new issues of its instant access and fixed rate products.

27 Jun 2014

UK GDP grew 0.8% in Q1

Latest News

UK GDP grew 0.8% in Q1

The ONS has released data that says UK gross domestic product was estimated to have increased by 0.8% between Q4 2013 and Q1 2014, unrevised from the second estimate of GDP published 22 May 2014.

27 Jun 2014

Panacea develops trail commission guide for advisers

Latest News

Panacea develops trail commission guide for advisers

Panacea Adviser, the online community and resource for financial advisers has today launched a new guide to provide clarity on issues surrounding the removal of trail commission and how advisers can safeguard their businesses.

27 Jun 2014

FTB deposits drop 10% in a year

Mortgages

FTB deposits drop 10% in a year

First-time buyer deposits have fallen by £2,745 in the last twelve months, according to the latest First Time Buyer Tracker from Your Move and Reeds Rains, part of LSL Property Services.

27 Jun 2014

Industry responds to LTI cap proposal

Mortgages

Industry responds to LTI cap proposal

The announcement by the Bank of England that it would move to cap loan-to-income ratios has seen a mixed response from the industry. While some have said the proposal is unnecessary, others have welcomed the move.

26 Jun 2014

Leeds BS relaunches ISA range

Savings & Investments

Leeds BS relaunches ISA range

Leeds Building Society is relaunching its Cash ISA range to coincide with the increased personal allowance coming into force on 1st July.

26 Jun 2014

Help to Buy changing 'broken' market, says housing minister

Mortgages

Help to Buy changing 'broken' market, says housing minister

The Help to Buy scheme has enabled 35,000 people to buy their own home, according to figures from the DCLG today.

26 Jun 2014

Gary Little appointed by Society of Mortgage Professionals

Mortgages

Gary Little appointed by Society of Mortgage Professionals

Gary Little has been confirmed as the new head of operations & membership at The Society of Mortgage Professionals.

26 Jun 2014

BoE proposes cap on loan-to-income ratios

Mortgages

BoE proposes cap on loan-to-income ratios

At its June meeting, the Financial Policy Committee made a recommendation to both the PRA and FCA that lenders should limit loan-to-income ratios.

26 Jun 2014

Four new fixed rates released by Hinckley & Rugby

Mortgages

Four new fixed rates released by Hinckley & Rugby

Hinckley & Rugby Building Society, which lends throughout England & Wales, has today launched four new fixed rate mortgages at a range of LTVs from 60 to 80%.

26 Jun 2014

The FPC should avoid restricting mortgages further: Boulger

Mortgages

The FPC should avoid restricting mortgages further: Boulger

Ray Boulger, of independent mortgage adviser John Charcol, makes the case for why today’s Bank of England Financial Stability Report should refrain from further restricting mortgage availability.

26 Jun 2014

Advisers should 'segment' clients to cut costs

Latest News

Advisers should 'segment' clients to cut costs

Fresh research from the APFA indicating that the cost of regulation can now be up to 20% of income for many small advisory firms has prompted Kent based DFM Wellian Investment Solutions, to offer three cost saving strategies for IFAs.

26 Jun 2014

Phoebus to launch into Republic of Ireland

Latest News

Phoebus to launch into Republic of Ireland

Primary and special loan servicing solutions provider, Phoebus Software Limited is launching into the Republic of Ireland in Q3.

26 Jun 2014

Front Events celebrates successful first year

Latest News

Front Events celebrates successful first year

Front Events, which operates the Financial Services Expo brand, is celebrating its first year in business today.

25 Jun 2014

New guarantor loan provider enters consumer finance market

Latest News

New guarantor loan provider enters consumer finance market

A new guarantor loan provider, George Banco, has entered the UK consumer finance industry.

25 Jun 2014

Shawbrook appoints Head of Sales for commercial mortgages

Shawbrook appoints Head of Sales for commercial mortgages

Shawbrook Bank has announced the promotion of Emma Cox to Head of Sales for its rapidly expanding Commercial Mortgages business.

25 Jun 2014

Wonga ordered to pay £2.6m redress over fake legal letters

Latest News

Wonga ordered to pay £2.6m redress over fake legal letters

Wonga, the UK’s biggest payday lender, has entered an agreement with the FCA which will see it pay compensation of over £2.6m to around 45,000 customers for unfair and misleading debt collection practices.

25 Jun 2014

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