Latest News

Broker role will become 'crucial' for lenders post-MMR

Mortgages

Broker role will become 'crucial' for lenders post-MMR

First Mortgage has claimed that lenders will become increasingly reliant on the strength of their relationships with intermediaries in the post MMR landscape.

25 Mar 2014

Mortgage broker jailed for £3.5m fraud

Mortgages

Mortgage broker jailed for £3.5m fraud

A mortgage broker from the North East has been jailed for six years following a long-running investigation into fraud which involved more than 50 victims and almost £3.5m.

24 Mar 2014

Half of consumers have debts with non-traditional lenders

Latest News

Half of consumers have debts with non-traditional lenders

The latest research for Debt Advisory Centre reveals that 45.4% of consumers use one or more type of non-traditional finance (other than payday loans), such as store cards, hire purchase, doorstep loans or credit union loans.

24 Mar 2014

West Brom confirms MMR readiness

Mortgages

West Brom confirms MMR readiness

The West Brom has confirmed it is now processing all new mortgage applications in accordance with the rules of the Mortgage Market Review, just over a month in advance of the regulator’s official deadline.

24 Mar 2014

Buyers wait for 3.6 years before making a move

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Buyers wait for 3.6 years before making a move

According to a new survey released today 52% of UK adults are considering a house move or getting on the property ladder, but most (63%) think that they will be unlikely to fulfil their new-home dreams in the next 12 months.

24 Mar 2014

Help to Buy not just helping Londoners, says buyer profile

Mortgages

Help to Buy not just helping Londoners, says buyer profile

Aldermore Bank has drawn up a profile of their typical Help to Buy: mortgage guarantee applicant, showing that the scheme is not only helping buyers in the South East and London.

24 Mar 2014

Dragonfly passes £500m milestone

Dragonfly passes £500m milestone

Short and medium term lender, Dragonfly Property Finance has announced it has redeemed more than £500m of loans since its launch in 2009. In March, the lender also passed 1500 loans completed.

24 Mar 2014

Savings overhaul comes at the right time, says Lloyds

Savings & Investments

Savings overhaul comes at the right time, says Lloyds

Lloyds Bank has found consumers are saving a third more than in May 2013, just after the Government has delivered a Budget that will overhaul tax-free individual savings accounts.

24 Mar 2014

First Complete announces MMR training sessions

Mortgages

First Complete announces MMR training sessions

First Complete has announced MMR training sessions for its appointed representatives, taking place at seven locations around the country in April.

24 Mar 2014

Supply of homes reaches its lowest for a decade

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Supply of homes reaches its lowest for a decade

The NAEA has announced a dip in the number of properties available in February.

24 Mar 2014

 

Regentsmead to hold specialist lending seminar

Regentsmead to hold specialist lending seminar

80% of developers in the UK have concerns about raising finance for various projects over the next twelve months, according to latest research from Regentsmead.

24 Mar 2014

Annuity guarantee and cooling off periods extended by Partnership

Retirement

Annuity guarantee and cooling off periods extended by Partnership

Following the budget announcement yesterday, Partnership – the specialist annuity provider – has extended its Annuity Guarantee and Cooling-off periods.

21 Mar 2014

New savings products launched by Shawbrook

Retirement

New savings products launched by Shawbrook

Shawbrook Bank has launched four new savings products for personal customers.

21 Mar 2014

Recovery in housing market highlighted in Chancellor's budget

Latest News

Recovery in housing market highlighted in Chancellor's budget

Lack of property headlines in the 2014 Budget shows government’s confidence in housing market recovery.

21 Mar 2014

Charles Haresnape confirmed as new IMLA Chairman

Latest News

Charles Haresnape confirmed as new IMLA Chairman

Charles Haresnape, MD for Residential Mortgages at Aldermore Bank, has today been confirmed as the new Chairman of IMLA following a unanimous vote by members of its Executive Committee.

21 Mar 2014

Paragon calls for residential property to be held in personal pensions

Retirement

Paragon calls for residential property to be held in personal pensions

Paragon Mortgages, has called on the government to allow greater freedom in how savers build their pension fund by allowing buy-to-let property to be included in self-invested pension schemes.

21 Mar 2014

Need for sound Financial Planning has never been greater says IFP

Retirement

Need for sound Financial Planning has never been greater says IFP

The Institute of Financial Planning has acknowledged that changes to pension options for people who are at or in retirement which were announced in this week’s budget statement are momentous and is calling for sound financial planning to cope with th ...

21 Mar 2014

Confidence grows amongst IFAs about house prices

Mortgages

Confidence grows amongst IFAs about house prices

Nine out ten IFAs expect house prices to increase in the UK during the next three years according to research conducted by Castle Trust.

21 Mar 2014

FCA bans and fines trader £662,700

Latest News

FCA bans and fines trader £662,700

Mark Stevenson, a bond trader with nearly 30 years' experience, has been banned from the industry and fined £662,700 for deliberately manipulating a UK government bond (gilt) on 10 October 2011.

21 Mar 2014

Steve Walker, Managing Director, Promise Solutions

In The Spotlight

Steve Walker, Managing Director, Promise Solutions

Financial Reporter had a chat with Steve Walker, managing director of Promise Solutions, about secured lending regulation and plans for the year.

21 Mar 2014

Rent rises accelerate across the UK

Latest News

Rent rises accelerate across the UK

Annual rent rises across England and Wales have accelerated, with the average rent across England and Wales is now 1.6% higher than twelve months ago, currently standing at £743 per month.

21 Mar 2014

Sharp rise in homeowner equity set to boost property supply

Mortgages

Sharp rise in homeowner equity set to boost property supply

Property prices across the UK are up 7.9% annually and 1.8% on the month to £191,375, according to the latest Haart National Housing Market Monitor.

21 Mar 2014

Appetite for residential investment on the rise, says Castle Trust

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Appetite for residential investment on the rise, says Castle Trust

Research from Castle Trust reveals that 86.4% IFAs expect UK house prices to increase during the next 3 years and four out of ten (40.4%) would increase their personal exposure to the asset class if it was easier to do so in a tax-efficient manner.

20 Mar 2014

P2P 'moving into the mainstream' following Budget announcement

P2P 'moving into the mainstream' following Budget announcement

In the Budget yesterday the government announced that ISA eligibility would be extended to include peer-to-peer loans to “further increase the choice that . . .savers have about how they invest”.

20 Mar 2014

Northern Irish firm Niche sign up to the Charlbury Group system

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Northern Irish firm Niche sign up to the Charlbury Group system

Niche Financial Solutions, a specialised Arrears Management business based in Northern Ireland and focussed solely on Northern Ireland customers is the latest firm to sign up to the Arrears Management System from the Charlbury Group.

20 Mar 2014

The changing face of property development finance

The changing face of property development finance

[SPECIAL FEATURE: John Waddicker, Director of Positive Bridging Finance]

20 Mar 2014

Lack of major stamp duty reform branded disappointing

Mortgages

Lack of major stamp duty reform branded disappointing

Despite changes to stamp duty for homes bought through a 'corporate envelope', the industry has expressed disappointment in the lack of changes in the duty for the majority of buyers.

20 Mar 2014

Mortgages via broker take longer - but more likely to complete, says CML

Mortgages

Mortgages via broker take longer - but more likely to complete, says CML

The CML has published data for the first time on the length of the mortgage application process - and it shows that despite taking longer, applications via brokers tended to have a higher completion rate.

20 Mar 2014

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