TrigoldCrystal has announced the dates and locations for its 2010 nationwide intermediary Business Academy Road Shows.
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Todays Breaking News On Friday 30 July 2010
Santander is reducing its fees on selected two and three-year fixed mortgages by £500.
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Banning interest-only mortgages only makes sense for loans under £500,000, the Building Societies Association has said.
Evan Owen, former IFA Defence Union chairman, has not made the shortlist for the position of director general of trade body, the Association of IFAs.
Yesterdays News
The Financial Services Authority was slammed for its lack of organisation this morning after it emerged a replacement for Ed Harley, director of mortgage policy, had yet to be found – despite the regulator allowing him to move to his new...
Santander UK was responsible for lending one in five mortgages in the UK in H1 2010 the bank revealed in its half yearly results announced this morning.
The CML believes the reduced year-on-year house price increase shown in today’s mortgage data will continue throughout the rest of the year.
House prices fell by 0.5% in July, with the annual rate of house price inflation slipping back further from 8.7% to 6.6%.
Financial intermediaries are in pole position to benefit from banks and building societies' withdrawal from selling payment protection insurance.
Six out of ten brokers believe activity in the equity release market will increase over the next six months, research from Bridgewater Equity Release has revealed.
Gross mortgage lending by mutuals was £1,798 million in June, 19% greater than the £1,507 million in May, and 34% higher than the average of £1,345 million over the previous five months.
Ed Harley, formerly director of mortgage policy at the Financial Services Authority, has started a new role within the regulator, leaving the position empty at the start of the responsible lending consultation period.
Money-saving Britons are embracing the age of austerity with four in five (81%) people having already made lifestyle changes to reduce their outgoings, according to new research from Santander.
Capital Economics believes that house prices will drop in the second half of the year despite various indices showing house price growth.
Wednesday 28 July 2010 News
Leeds Building Society has launched a 3% cashback mortgage for loans with an 80% loan to value, at a 5.69% variable rate.
Colleys Surveyors have launched an online Home Report service for Scottish property professionals and homeowners who want to get a Home Report direct.
The June data from Land Registry's House Price Index shows an annual price increase of 8.4%, with house prices up 0.1% in the month to June.
Aldermore is making its products available to the 1650-plus members of the Intrinsic network.
Zurich UK Life has announced a number of additions to its level protection proposition (LLP).
Barclays has cut the rates on its 80% loan to value mortgages and has introduced a ‘drop lock’ facility.
Mortgage and loans packager Brunel Mortgages & Loans has added secured loan provider Link Loans to its lender panel.
Considerable risks to the economic outlook remain and the Chancellor needs to keep an eye on public finances, says the NIESR.
Little action expected in commercial property market for next 12 to 18 months according to Capital Economics.
Many consumers are waiting to see what happens in the wider economy before making credit commitments.