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FSA: Twin peaks will cost more

FSA: Twin peaks will cost more

Having two financial services regulators will cost firms more than the existing structure, says a spokeswoman at the Financial Services Authority.

Skipton launches 2-year BTL deals

Skipton launches 2-year BTL products

Skipton has launched a range of 2-year fixed rate and tracker buy-to-let products including a 2-year fixed rate at 3.89% to 60% loan to value and 2-year trackers from Bank Base Rate +3.69% at 70% LTV.

Asset finance grows 26pc

Asset finance grows 26pc

The latest figures from the Finance & Leasing Association show asset finance for investment in plant and machinery grew in Q1 2012 by 26% compared with Q1 2011.

 


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Sarah Davidson Blog Inblognito Yuan Phoon Blog Charles Haresnape Blog Hugh Wade Jones David Gilman Sean Oldfield Blog Martin Reynolds Blog Kevin Paterson Blog Tony Ward Blog Nigel Payne Blog Phil Jeynes Blog

FSA: Twin peaks will cost more

Having two financial services regulators will cost firms more than the existing structure, says a spokeswoman at the Financial Services Authority.

A Greek tragedy for mortgages

Tony Ward, chief executive of Home Funding and one of the mortgage market’s most respected economic commentators, has warned that Greece’s exit from the Euro will decimate the UK’s mortgage market.

Asset finance grows 26pc

The latest figures from the Finance & Leasing Association show asset finance for investment in plant and machinery grew in Q1 2012 by 26% compared with Q1 2011.

H&R cuts rates on discount mortgages

Hinckley & Rugby has dropped rates on both of its 2-year discount mortgages cutting its 90% loan to value discount down from 4.85% to 4.64% and its 80% LTV deal down from 3.45% to 3.24%.

Skipton launches 2-year BTL deals

Skipton has launched a range of 2-year fixed rate and tracker buy-to-let products including a 2-year fixed rate at 3.89% to 60% loan to value and 2-year trackers from Bank Base Rate +3.69% at 70% LTV.

Shared ownership hub launched

Housing associations, mortgage lenders and other organisations involved in shared ownership and shared equity will now be able to swap information on the Housing Hub.

Clydesdale offers FTB fees free

Clydesdale and Yorkshire Banks have launched a fee free mortgage offer for first-time buyers taking a 95% or 90% loan to value mortgage saving £599.

Bank of England slashes growth forecasts

The Bank of England has cut its growth forecast for this year to 0.8% from 1.2% and said inflation was likely to remain stubbornly high for the “next year or so”.

BIBA launches strategic review

The British Insurance Brokers’ Association has appointed Deliotte to conduct a strategic review and has warned brokers about political pressure in Europe for mandatory disclosure.

Cash rewards for referrals

V Loans is offering advisers who refer other intermediaries a cash kickback for the first four cases a referred intermediary completes.

More 2 Life cuts rates

Equity release lender More 2 Life has cut the rates on its standard equity release plan from 6.99% to 6.25% as it increases the focus on its protected equity guarantee.

What made the nationals: sponsored by PressChoice

Our daily newspaper review of the national press is powered by PressChoice, dedicated to improving communication between the worlds of business

Punjabi and Urdu team hailed success

Secured loan packager Promise Solutions says the creation of a Punjabi and Urdu speaking team has been invaluable to business development.

Lenders see FTB surge in March

First-time buyers took out 24,000 loans in March, an increase of 74% compared to February and 57% higher than March 2011, figures from the Council of Mortgage Lenders reveal.

HSBC to accept CQS conveyancers

HSBC will now accept all solicitors with Law Society Conveyancing Quality Scheme accreditation to its conveyancing panel from August 2012.

Lenders called on to support self build

UK lenders are being called upon to support the self build scheme following the housing minister’s announcement of a £30m short term finance fund for self build projects.

Principality CEO steps down

Principality group chief executive Peter Griffiths has announced that he will step down from his role at Wales' largest building society following the appointment of a suitable successor.

Rates fall on 90pc LTV mortgages

The average rate of a 90% loan to value mortgage has fallen steadily over the past five years to just 5.44% while the number of 90% deals has increased from just 76 in May 2009 to 299 today.

Lenders called on to support self build

UK lenders are being called upon to support the self build scheme following the housing minister’s announcement of a £30m short term finance fund for self build projects.

Rates fall on 90pc LTV mortgages

The average rate of a 90% loan to value mortgage has fallen steadily over the past five years to just 5.44% while the number of 90% deals has increased from just 76 in May 2009 to 299 today.

SimplyBiz poaches NatWest sales manager

SimplyBiz Mortgages has appointed former NatWest regional sales manager Makayla Everitt as head of business development, reporting to SimplyBiz Mortgages chief executive Martin Reynolds.

BSA publishes self-build toolkit for lenders

The Building Societies Association has published a toolkit to encourage lenders to offer self-build mortgage finance.

Mobile banking app launched

iState Systems has launched an app that will enable customers and advisers to send information and documents to lenders via mobile phone or tablet, cutting down on paperwork.

AMI Annual Dinner speaker announced

Former British Lion rugby player and film star Martin Bayfield will be speaking at the Association of Mortgage Intermediaries annual dinner.

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Buy-To-Let

Bob Young

Landlords upbeat on BTL

Landlords upbeat on BTL

Property investors are positive about the outlook for the buy-to-let market, research from specialist lender CHL Mortgages suggests.

Steve Simpson joins Keystone Buy to Let Mortgages

Simpson celebrates new position

Mortgages for Business has appointed Steve Simpson as business manager for Keystone Buy to Let Mortgages to support to brokers and intermediaries with their clients’ funding applications

Paragon defends rental conditions

Paragon defends rental conditions

Paragon has defended conditions in the private rented sector after former Labour Chancellor Alistair Darling called the sector inadequate at Wednesday’s Building Societies Association conference.

Buy-to-let lending down but increases market share

Buy-to-let market remains subdued

New buy-to-let lending in the first quarter of this year totalled £3.7 billion (32,300 loans), 5% down on the fourth quarter of 2011 the Council of Mortgage Lenders said today.


Bridging and Commercial

Brian Murphy Gavin Diamond

Asset finance grows 26pc

Asset finance grows 26pc

The latest figures from the Finance & Leasing Association show asset finance for investment in plant and machinery grew in Q1 2012 by 26% compared with Q1 2011.

Dragonfly had £337m AIPs at start of 2012

AIPs amounted to £337m

Dragonfly Property Finance received just over 500 agreements in principle on loans amounting to £337m in the first four months of 2012.

West One critical of residential bridgers

House under magnifying glass

West One criticised bridging lenders forced to focus on residential deals when it announced it has completed a £1.6m bridging deal on a Knightsbridge pub.

Promise offers £300 commission bump

Promise offers £300 commission bump

Master broker Promise Solutions is paying introducers an extra £300 on larger loan referrals during the month of May.


Equity Release

Peter Welch Blog

More 2 Life cuts rates

More 2 Life cuts rates

Equity release lender More 2 Life has cut the rates on its standard equity release plan from 6.99% to 6.25% as it increases the focus on its protected equity guarantee.

Long term care costs to hit £38bn by 2025

Long Term Care costs set to soar

The number of people that will need to make use of formal long term care services will grow from 840,184 today to 1.1 million by 2025, an increase of 37%, research from LV= reveals today.

Just Retirement does £68.6m equity release

Just Retirement does £68.6m equity release

Just Retirement completed £68.6m of equity release mortgage advances over the nine months to 31st March 2012 - up 17.5% on the same period a year ago.

Stonehaven expands into Scotland

Stonehaven expands into Scotland

Stonehaven will now lend on equity release in Scotland following strong demand for their products from brokers.


Protection

Strong new business results for Bright Grey and Scottish Provident

Strong results at Bright Grey and Scottish Provident

New business levels at Bright Grey and Scottish Provident are up 45% to £107m for the three months to March 31 on a present value of new business premiums (PVNBP) basis and applications are up by 18%.

Two in five have no financial backup

Two in five have no financial backup

Over two fifths of employees (41%) have no financial back up plan if illness or a serious accident forced them to stop work, new research from MetLife shows.

Friends Life sales rise

Friends Life sales rise

Friends Life has posted total sales on an annual premium equivalent basis of £292m in the three month period to 31 March 2012.

Clients unaware of bereavement benefits

Clients unaware of bereavement benefits

Research from life assurer RGA shows consumers are unaware of entitlement to bereavement benefits with just 14% of UK adults aware of potential £2,000 tax-free lump sums.


Industry

Bob Hunt Blog Frank Eve Julian Wells

Buying business premises

Someone working on a laptop

Did your business begin at the kitchen table? Have you outgrown the spare room or shared office space?

H&R cuts rates on discount mortgages

H&R cuts rates on discount mortgages

Hinckley & Rugby has dropped rates on both of its 2-year discount mortgages cutting its 90% loan to value discount down from 4.85% to 4.64% and its 80% LTV deal down from 3.45% to 3.24%.

Help! Get these hazards out of my home

Does your toaster fail to pop up? Do you have a kettle that won't boil? Or does your vacuum leave more dust than it picks up?

Skipton launches 2-year BTL deals

Skipton launches 2-year BTL products

Skipton has launched a range of 2-year fixed rate and tracker buy-to-let products including a 2-year fixed rate at 3.89% to 60% loan to value and 2-year trackers from Bank Base Rate +3.69% at 70% LTV.