Latest News

L&G unveils analysis of lender MMR readiness

Mortgages

L&G unveils analysis of lender MMR readiness

Legal & General Mortgage Club has today published the first issue of its 'MMR Matrix' which will show brokers what changes they need to know about in the way they do business with lenders.

18 Feb 2014

FTBs aim high with a three-bed house top of the wish list

Mortgages

FTBs aim high with a three-bed house top of the wish list

A three bedroom home tops the wish list for the largest percentage of First Time Buyers according to new research from Clydesdale and Yorkshire Banks.

18 Feb 2014

UK inflation falls to 1.9%

Latest News

UK inflation falls to 1.9%

The UK's inflation rate, as measured by the consumer prices index, fell to 1.9% in January.

18 Feb 2014

Average UK house price hits quarter of a million, says ONS

Mortgages

Average UK house price hits quarter of a million, says ONS

UK house prices increased by 5.5% in December 2013 compared with a year earlier, up from 5.4% in November 2013, taking the average UK house price to £250,000 in December 2013.

18 Feb 2014

Skipton joins Help to Buy scheme

Mortgages

Skipton joins Help to Buy scheme

Skipton Building Society is today strengthening its efforts to support first time buyers even more, as it joins the government backed Help to Buy Equity Loan scheme.

18 Feb 2014

New bank launched by Paragon Group

Latest News

New bank launched by Paragon Group

Paragon Bank, part of Paragon Mortgages’ parent company Paragon Group, has been granted a banking licence by the Prudential Regulation Authority.

18 Feb 2014

Three ex-Barclays bankers charged over LIBOR

Latest News

Three ex-Barclays bankers charged over LIBOR

Three former Barclays bankers have been charged by the Serious Fraud Office over allegations that they were involved in the LIBOR-rigging scandal.

17 Feb 2014

Standard Life launches bespoke wrap due diligence service

Protection

Standard Life launches bespoke wrap due diligence service

Standard Life has introduced a bespoke due diligence service for its Wrap users to support advisers in meeting their regulatory obligations.

17 Feb 2014

Saffron launches limited range of two year fixes

Mortgages

Saffron launches limited range of two year fixes

Saffron For Intermediaries, the dedicated broker channel of Saffron Building Society, has launched a limited tranche of two year fixed rates across its range of Special Situations and Everyday Situations mortgages.

17 Feb 2014

Average urban home £30k more expensive than rural retreat

Mortgages

Average urban home £30k more expensive than rural retreat

Asking prices for properties in urban areas have risen much faster than those for rural properties over the last year, according to the latest research from PrimeLocation.com.

17 Feb 2014

 

Over 30,000 Yorkshire BS customers to be refunded mortgage arrears

Mortgages

Over 30,000 Yorkshire BS customers to be refunded mortgage arrears

Yorkshire Building Society Group will voluntarily refund all administration fees for mortgage arrears since January 2009.

17 Feb 2014

Five-year fix aimed at large-scale landlords launched by Paragon

Mortgages

Five-year fix aimed at large-scale landlords launched by Paragon

Specialist buy-to-let lender Paragon Mortgages has launched a new five-year fixed rate product specifically aimed at large-scale landlords.

17 Feb 2014

Average asking prices jump £16,223 in a year

Mortgages

Average asking prices jump £16,223 in a year

According to the Rightmove House Price Index for February, new seller average asking prices are up 3.3% this month, or £8,103, taking the average asking price to £251,964.

17 Feb 2014

Chris Thompson, CEO of Vertex Financial Services

In The Spotlight

Chris Thompson, CEO of Vertex Financial Services

Financial Reporter caught up with Chris Thompson, CEO of Vertex Financial Services.

14 Feb 2014

Leeds launches two new fixed rate ISAs

Savings & Investments

Leeds launches two new fixed rate ISAs

Leeds Building Society has launched two new competitive Fixed Rate cash ISAs to add to its savings portfolio.

14 Feb 2014

Lloyds boss defends £1.7m bonus

Latest News

Lloyds boss defends £1.7m bonus

Lloyds Bank chief executive Antonio Horta-Osorio has said in an interview with the BBC today that his bonus, worth £1.7m, is aligned with taxpayers' interests.

14 Feb 2014

Repossessions forecast to plummet next year: HML

Latest News

Repossessions forecast to plummet next year: HML

HML data forecasts that there will be 25,057 repossessions during 2014 – a decline of 13% from the CML’s 28,900 repossessions noted for 2013.

14 Feb 2014

H&R cuts rates on fee free and tracker products

Mortgages

H&R cuts rates on fee free and tracker products

Hinckley & Rugby Building Society has today cut the interest rate on two of its mortgages – a fee free lifetime discount and a two year tracker mortgage.

14 Feb 2014

Number of homes for sale falls to two-year low

Mortgages

Number of homes for sale falls to two-year low

Experian has revealed that after two years of year-on-year increases in the number of properties being listed ‘for sale’ each quarter, the final few months of the year saw the number of homes for sale fall for the first time.

14 Feb 2014

BML director takes on 3,500km pan-Indian challenge for charity

Latest News

BML director takes on 3,500km pan-Indian challenge for charity

Barcadia Media director Andy Shields aims to raise over £1,000 for charity in April by taking on the formidable Rickshaw Run - a 3,500km adventure that spans the length of India.

14 Feb 2014

TSB Bank appoints Will Samuel as Chairman

Latest News

TSB Bank appoints Will Samuel as Chairman

TSB Bank plc has said it is pleased to confirm the appointment of Will Samuel as its new Chairman.

14 Feb 2014

Annuities market isn't working for consumers, says FCA

Retirement

Annuities market isn't working for consumers, says FCA

The annuities market is not working for consumers, the FCA has concluded following an extensive review.

14 Feb 2014

FTB surge encourages January market activity burst

Mortgages

FTB surge encourages January market activity burst

First time buyers returned to the property market in January faster than any other type of customer, according to chartered surveyors Connells Survey & Valuation.

14 Feb 2014

Lender 'pipeline' sees home loans soar by a quarter

Mortgages

Lender 'pipeline' sees home loans soar by a quarter

Monthly home loans have risen between December and January for the first time in twelve years, according to the latest Mortgage Monitor from e.surv, the UK’s largest chartered surveyor.

14 Feb 2014

Second charge repossessions down 30% in Q4

Second charge repossessions down 30% in Q4

Figures released today by the Finance & Leasing Association show second charge mortgage repossessions fell in Q4 2013 by 29.7% to 123, compared with the same quarter in 2012.

13 Feb 2014

North-South rental gap has almost doubled since 2008

Mortgages

North-South rental gap has almost doubled since 2008

The difference in cost between renting a home in the north than the south is almost twice as much as it was in 2008, according to new research.

13 Feb 2014

Lloyds Bank returns to profit

Latest News

Lloyds Bank returns to profit

Gross mortgage lending at Lloyds Banking Group jumped by more than £10bn to reach £36.9bn during 2013 as the bank returned to profit.

13 Feb 2014

Brokers expect more BTL business this year

Brokers expect more BTL business this year

Brokers are looking forward to an expected increase in buy-to-let business following an encouraging final quarter of 2013, according to research conducted by NatWest Intermediary Solutions.

13 Feb 2014

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