http://www.introducertoday.co.uk/ Daily Mortgage Adviser News. en-us Mon, 20 May 2013 06:27:44 GMT http://www.introducertoday.co.uk/news_features/asking-prices-hit-their-highest-ever-says-rightmove New records have been set in sellers’ asking prices, Rightmove said this mornin. The average asking price of a property new on the market is touching £250,000 for the first time, while in London it has soared past the half a million pound mark for the first time. According to Rightmove, new... Mon, 20 May 2013 06:23:44 GMT http://www.introducertoday.co.uk/news_features/asking-prices-hit-their-highest-ever-says-rightmove http://www.introducertoday.co.uk/news_features/tenet-unveils-social-media-offering-for-advisers Tenet has introduced a compliance-approved social media framework for its advisers. The move follows Tenet’s own corporate entry earlier this year on Facebook, Linked-In, Twitter, Vimeo and Youtube. The company has launched a cross-platform policy, with clear and concise guidelines for advisers to obviate the need for approval on non-promotional content. At a... Mon, 20 May 2013 06:22:53 GMT http://www.introducertoday.co.uk/news_features/tenet-unveils-social-media-offering-for-advisers http://www.introducertoday.co.uk/news_features/help-to-buy-properties-advertised-at-misleading-prices Developers who are selling shared-equity homes under the Government’s Help to Buy scheme are advertising them on Rightmove at four-fifths of their real price. They are slicing off the 20% taxpayer-funded share to make it look, for example, as though a house that is selling for £200,000 has a price tag... Mon, 20 May 2013 06:20:29 GMT http://www.introducertoday.co.uk/news_features/help-to-buy-properties-advertised-at-misleading-prices http://www.introducertoday.co.uk/news_features/mutual-launches-new-shared-ownership-deals The Mansfield Building Society has launched a new range of shared ownership mortgages with loans available at up to 95% of the share being purchased. The new range is available in the East Midlands and some other areas including Cambridgeshire and South Yorkshire, and includes both fixed rates for a period... Mon, 20 May 2013 06:19:15 GMT http://www.introducertoday.co.uk/news_features/mutual-launches-new-shared-ownership-deals http://www.introducertoday.co.uk/news_features/regulator-consults-on-new-big-brother-affordability-regime The FCA is to consult firms on how it will gather more ‘big brother’ information about borrowers and their finances once the Mortgage Market Review comes into force next April. It will also look particularly closely at the bridging sector, on which it has expressed clear concerns. Generally, the regulator wants to... Fri, 17 May 2013 06:20:08 GMT http://www.introducertoday.co.uk/news_features/regulator-consults-on-new-big-brother-affordability-regime http://www.introducertoday.co.uk/news_features/home-owners-seduced-by-good-remortgage-rates Two thirds (66%) of home owners remortgaging in April did so to take advantage of lower mortgage rates, and some reduced their monthly payments by as much as £500.   Property services company LMS surveyed those opting to remortgage in the month of April and found that almost half (42%) did so... Fri, 17 May 2013 06:19:33 GMT http://www.introducertoday.co.uk/news_features/home-owners-seduced-by-good-remortgage-rates http://www.introducertoday.co.uk/news_features/agents-report-best-month-since-the-crash Estate agents across London and the South are reporting a significant spring bounce in the market – but say that lack of stock is a concern. Townends, which has offices in Surrey, Hampshire and Middlesex, said last month was its best month of trading since the market started to go into meltdown... Fri, 17 May 2013 06:18:17 GMT http://www.introducertoday.co.uk/news_features/agents-report-best-month-since-the-crash http://www.introducertoday.co.uk/news_features/older-people-in-mortgage-woes-debt-charity-warns A national debt charity has warned that an increasing number of people aged 60 and over are facing the prospect of losing their homes.
 StepChange said there has been a marked rise in the number of people aged 60 and over asking for help with rent and mortgage debts. The level... Fri, 17 May 2013 06:16:53 GMT http://www.introducertoday.co.uk/news_features/older-people-in-mortgage-woes-debt-charity-warns http://www.introducertoday.co.uk/news_features/nacfb-commercial-finance-expo-2013-a-showcase-for-sme-funding The eagerly anticipated 2013 NACFB Commercial Finance Expo is being held at the NEC, Birmingham on 26th June. Since its launch in 2010, the show has become the number one event for the commercial finance industry, with each year’s visitor numbers reaching record levels. It was even nominated for a... Thu, 16 May 2013 04:07:36 GMT http://www.introducertoday.co.uk/news_features/nacfb-commercial-finance-expo-2013-a-showcase-for-sme-funding http://www.introducertoday.co.uk/news_features/heroes-get-back-out-there-in-the-outback 3500km of punishing Australian outback… On Horseback… In 150 days or less… This is the mammoth challenge that participants of The Stuart Expedition have set themselves. Organised by social enterprise (and registered charity) Back Out There™, the trek is the latest project to help raise awareness of the work that... Thu, 16 May 2013 08:54:36 GMT http://www.introducertoday.co.uk/news_features/heroes-get-back-out-there-in-the-outback http://www.introducertoday.co.uk/news_features/ex-paymentshield-boss-joins-let-alliance Rita Dalton has joined the Let Alliance Financial Intermediary team following 7 years at Paymentshield where she led the Mortgage Club. Dalton reunites with Let Alliance CEO Andy Halstead, Sales Director Paul Pearce and Head of Intermediary Sales Lisa Wright, who all spent time at Paymentshield. Andy Halstead said, "I am delighted... Thu, 16 May 2013 08:34:46 GMT http://www.introducertoday.co.uk/news_features/ex-paymentshield-boss-joins-let-alliance http://www.introducertoday.co.uk/news_features/housing-market-turns-a-corner-say-estate-agents The number of people successfully applying for mortgages with Spicerhaart’s Just Mortgages brokerage business rose over 10% last month. Meanwhile, another estate agency chain, Sequence, said transactions in April were 4% up on March and 12% up on this time last year, due to increased mortgage availability. The firm also said the... Thu, 16 May 2013 06:15:49 GMT http://www.introducertoday.co.uk/news_features/housing-market-turns-a-corner-say-estate-agents http://www.introducertoday.co.uk/news_features/former-bank-of-england-deputy-chief-attacks-help-to-buy The Government’s new 95% mortgage scheme, due to be launched next January, has come in for a further kicking. Administering it this time were two former Bank of England policy makers, including former deputy government Rachel Lomax. The Help to Buy scheme, which will deliver government-indemnified 95% mortgages to first-time and other... Thu, 16 May 2013 06:14:17 GMT http://www.introducertoday.co.uk/news_features/former-bank-of-england-deputy-chief-attacks-help-to-buy http://www.introducertoday.co.uk/news_features/round-table-event-to-be-staged-for-mortgage-advisers A mortgage round table event is being held by Paradigm Mortgage Services next month in Birmingham.   Like the previous two events in the series, this round table is open to all mortgage advisers, not just Paradigm member firms, and focuses on the potential new business opportunities available in the current marketplace.   It... Thu, 16 May 2013 06:13:16 GMT http://www.introducertoday.co.uk/news_features/round-table-event-to-be-staged-for-mortgage-advisers http://www.introducertoday.co.uk/news_features/one-in-five-repossessions-a-buy-to-let-property A total of 8,000 homes were taken into possession in the first three months of this year, down from 9,600 in the first quarter of 2012, but up from the fourth quarter figure of 7,700 for last year. Around 20% of the properties taken into possession during the first three months... Thu, 16 May 2013 06:11:44 GMT http://www.introducertoday.co.uk/news_features/one-in-five-repossessions-a-buy-to-let-property http://www.introducertoday.co.uk/news_features/let-alliance-launch-new-non-standard-landlord-insurance-service Specialist Landlord Building & Contents Insurance provider Let Alliance has further improved its product range for Financial Advisers by launching a ‘Non-Standard’ Insurance service. The new service allows Let Alliance to place Landlord Buildings & Contents Insurance when circumstances determine the insured classification as ‘Non-Standard’.  Examples of this could be blocks... Wed, 15 May 2013 03:09:49 GMT http://www.introducertoday.co.uk/news_features/let-alliance-launch-new-non-standard-landlord-insurance-service http://www.introducertoday.co.uk/news_features/intermediaries-take-back-market-share-across-mortgage-market Intermediaries have taken market share for the first time in three years. They have increased their share of the mortgage market so far this year in all categories of borrowing. According the Council of Mortgage Lenders report for March, in the first three months of this year, 48% of home movers used... Wed, 15 May 2013 06:25:46 GMT http://www.introducertoday.co.uk/news_features/intermediaries-take-back-market-share-across-mortgage-market http://www.introducertoday.co.uk/news_features/natwest-storms-into-help-to-buy-and-newbuy-markets From today, NatWest Intermediary Solutions will be accepting mortgage applications from intermediary clients using the Help to Buy shared equity and NewBuy schemes. The Help to Buy scheme is open to all intermediaries and NatWest has two shared equity mortgage deals available for applicants – a two-year fixed rate at 3.15%... Wed, 15 May 2013 06:24:23 GMT http://www.introducertoday.co.uk/news_features/natwest-storms-into-help-to-buy-and-newbuy-markets http://www.introducertoday.co.uk/news_features/gloomy-estate-agents-claim-house-buyer-interest-wanes--- The number of sales agreed during the month of March remained strong, despite fewer house hunters registering, according to the National Association of Estate Agents. Its report that buyer interest waned in March contrasts with yesterday’s report from the RICS that buyer interest picked up in April. The RICS also said yesterday... Wed, 15 May 2013 06:21:23 GMT http://www.introducertoday.co.uk/news_features/gloomy-estate-agents-claim-house-buyer-interest-wanes--- http://www.introducertoday.co.uk/news_features/first-time-buyer-activity-is-promising-says-cm3A First-time buyer activity remained strong in March with the number of first-time buyers increasing by 20% over February, according to the Council of Mortgage Lenders. A total of 19,100 loans worth £2.4bn were advanced to first-time buyers in March, up from 15,900 loans in February. The number was down on the 24,400 loans advanced... Wed, 15 May 2013 06:20:50 GMT http://www.introducertoday.co.uk/news_features/first-time-buyer-activity-is-promising-says-cm3A http://www.introducertoday.co.uk/news_features/bridgebank-capital-appoints-new-business-development-manager-for-central-london Bridgebank Capital has announced the appointment of Magnus Duke as a London based Business Development Manager. Magnus will contribute towards the ongoing growth of the company, providing business development support covering central and City of London areas. Magnus joins Bridgebank Capital with significant experience from within the financial and mortgage industry... Tue, 14 May 2013 11:11:11 GMT http://www.introducertoday.co.uk/news_features/bridgebank-capital-appoints-new-business-development-manager-for-central-london http://www.introducertoday.co.uk/news_features/sense-network-adds-let-alliance-to-their-ar-member-panel Whole of market network ‘Sense’ has extended its comprehensive range of product providers to now include specialist Landlord and Tenant Building & Contents Insurance; Let Alliance. Paul Pearce, Sales & Marketing Director at Let Alliance comments; “I’m delighted Sense Network has chosen to provide their IFA firm’s access to Let Alliance. ... Tue, 14 May 2013 09:49:55 GMT http://www.introducertoday.co.uk/news_features/sense-network-adds-let-alliance-to-their-ar-member-panel http://www.introducertoday.co.uk/news_features/new-business-opportunities-to-be-presented-to-mortgage-advisers Mortgage network Pink is holding a series of business development conferences around the country concentrating on building relationships between advisers, lenders and protection providers. The sessions will also include expert business advice from lender partners and details of how advisers can secure more mortgage business, with Abbey, Coventry Intermediaries and NatWest... Tue, 14 May 2013 06:30:51 GMT http://www.introducertoday.co.uk/news_features/new-business-opportunities-to-be-presented-to-mortgage-advisers http://www.introducertoday.co.uk/news_features/buyers-back-in-biggest-numbers-for-three-years-says-rics Buyer demand for property rose to its highest level in over three years last month, the RICS said this morning. The organisation said that various government schemes, including Funding for Lending, and Help to Buy, were responsible for the uplift. New instructions from sellers and sales agreed also rose, too – the... Tue, 14 May 2013 06:30:12 GMT http://www.introducertoday.co.uk/news_features/buyers-back-in-biggest-numbers-for-three-years-says-rics http://www.introducertoday.co.uk/news_features/new-mortgage-deals-launched-for-first-time-buyers Choices are opening up for first-time buyers. A high street bank has cut rates on its 95% mortgages for FTBs, while a building society has extended its 95% deals to include them. Clydesdale and Yorkshire Banks are offering FTBs a three-year fix at 5.49% – a cut of 1% – with free... Tue, 14 May 2013 06:29:04 GMT http://www.introducertoday.co.uk/news_features/new-mortgage-deals-launched-for-first-time-buyers http://www.introducertoday.co.uk/news_features/four-out-of-five-borrowers-dissatisfied-with-mortgage-choice Four out of five people are dissatisfied with the choice and range of mortgages on offer, and believe they are not enough to meet their needs. The finding comes from a study by shared equity mortgage provide Castle Trust, and the research was conducted just before Help to Buy’s own shared... Tue, 14 May 2013 06:20:20 GMT http://www.introducertoday.co.uk/news_features/four-out-of-five-borrowers-dissatisfied-with-mortgage-choice http://www.introducertoday.co.uk/news_features/four-in-ten-trapped-tenants-could-turn-ftbs-withhelp-to-buy Nearly 40% of tenants who are trying to escape being part of today’s ‘Generation Rent’ could become home-buyers when the 95% Help to Buy scheme is implemented in January. The statistic emerges in research released this morning from Rightmove which found that very few ‘trapped renters’ – defined as tenants who... Mon, 13 May 2013 06:12:44 GMT http://www.introducertoday.co.uk/news_features/four-in-ten-trapped-tenants-could-turn-ftbs-withhelp-to-buy http://www.introducertoday.co.uk/news_features/more-btl-choosing-fixed-deal-mortgages More buy-to-let landlords are choosing fixed-deal mortgages, says specialist firm TBMC. Landlord borrowers are also going for slightly higher-quantity loans, and their favourite properties are terrace houses and flats. The firm says that nearly half (48%) of landlords are opting for fixed-rate mortgages. Their average loan size in the first quarter... Mon, 13 May 2013 06:10:39 GMT http://www.introducertoday.co.uk/news_features/more-btl-choosing-fixed-deal-mortgages http://www.introducertoday.co.uk/news_features/underyling-profits-despite-paper-losses-for-shawbrook-bank Shawbrook Bank made underlying profits of £2.6m last year, it has announced, despite an accounting loss before tax of £7.8m The new bank says it broke even last May after 16 months of trading, and then made a profit for each subsequent month of the year. In March 2012, Shawbrook acquired Singers... Mon, 13 May 2013 06:09:35 GMT http://www.introducertoday.co.uk/news_features/underyling-profits-despite-paper-losses-for-shawbrook-bank http://www.introducertoday.co.uk/news_features/crowd-funding-scheme-launched-for-buy-to-let-loans A peer-to-peer lending scheme has been launched, providing loans for overseas buyers of rental property in the UK who cannot get mortgages. The ‘Lend to Let’ scheme has been unveiled by Assetz Capital, which says there is strong demand from high net worth investors who live abroad and want to invest... Mon, 13 May 2013 06:08:40 GMT http://www.introducertoday.co.uk/news_features/crowd-funding-scheme-launched-for-buy-to-let-loans http://www.introducertoday.co.uk/news_features/bridgebank-capital-appoints-new-head-of-marketing Bridgebank Capital has announced the appointment of Claire Pender as its new Head of Marketing. Claire has joined Bridgebank Capital at an exciting time for the company, following the recently announced major investment and growth plans. Having previously held a role as a Marketing and Research Coordinator, Claire brings with her... Fri, 10 May 2013 08:50:08 GMT http://www.introducertoday.co.uk/news_features/bridgebank-capital-appoints-new-head-of-marketing http://www.introducertoday.co.uk/news_features/mortgage-market-at-strongest-since-financial-crisis-claim House purchase lending rose 2% in April, one of the industry’s most accurate forecasters has predicted. E.surv, a surveying and valuations practice that is part of LSL, is predicting that house purchase approvals rose from 53,504 to 54,364 in April – the second consecutive monthly increase, as the mortgage market continued... Fri, 10 May 2013 06:21:38 GMT http://www.introducertoday.co.uk/news_features/mortgage-market-at-strongest-since-financial-crisis-claim http://www.introducertoday.co.uk/news_features/first-complete-goes-from-bust-to-boom-in-three-years Mortgage network First Complete has marked its third birthday under the ownership of LSL Property Services with its most successful month ever, both in terms of the number of mortgages written and in terms of volume.  It said this helps to consolidate LSL’s position as the fourth largest distributor of mortgages... Fri, 10 May 2013 06:19:49 GMT http://www.introducertoday.co.uk/news_features/first-complete-goes-from-bust-to-boom-in-three-years http://www.introducertoday.co.uk/news_features/paradigm-announced-as-mortgage-partner-for-metro-bank Paradigm Mortgage Services has been named as the new directly authorised and network intermediary distribution partner for Metro Bank.   The bank, which opened its first branch in 2010 after being given the first full-service banking licence for 150 years, is growing its distribution and reach into the mortgage market. It made... Fri, 10 May 2013 06:17:54 GMT http://www.introducertoday.co.uk/news_features/paradigm-announced-as-mortgage-partner-for-metro-bank http://www.introducertoday.co.uk/news_features/record-profits-announced-for-mortgage-advice-bureau The Mortgage Advice Bureau, whose 500-strong network operates almost entirely out of estate agents’ offices, has announced a record pre-tax group profit of £2.6m for 2012. This is up by 44% on the previous record of £1.8m in 2011, and makes 2012 the fourth successive year where MAB’s annual profit growth... Fri, 10 May 2013 06:16:47 GMT http://www.introducertoday.co.uk/news_features/record-profits-announced-for-mortgage-advice-bureau http://www.introducertoday.co.uk/news_features/foxtons-owner-getting-ready-to-sell-or-float-business The owners of Foxtons, including mortgage business Alexander Hall, are getting ready to sell or float the company, a Sky News report has claimed It says that BC Partners, the US private equity firm which regained control of London-based Foxtons last year, is looking to hire investment bankers this month to... Fri, 10 May 2013 06:14:11 GMT http://www.introducertoday.co.uk/news_features/foxtons-owner-getting-ready-to-sell-or-float-business http://www.introducertoday.co.uk/news_features/natwest-launches-new-mortgages-for-intermediary-channel NatWest Intermediary Solutions is today launching a number of deals, including its lowest-ever two-year fixed 60% LTV mortgage at 1.95%. It is also slashing the rate on its 90% LTV two-year fix, taking it down from 5.99% to 4.99%. There is an additional cut on its five-year fix from 6.29% to... Thu, 09 May 2013 06:19:13 GMT http://www.introducertoday.co.uk/news_features/natwest-launches-new-mortgages-for-intermediary-channel http://www.introducertoday.co.uk/news_features/house-prices-continuing-to-pick-up-says-halifax House prices stood at an average of £166,094 in April, the Halifax has reported. It says this represents a monthly increase of 1.1% and an annual rise of 2%. Martin Ellis, housing economist at the Halifax, said: “House prices continue to pick up gradually. “Prices in the three months to April were 1.3%... Thu, 09 May 2013 06:18:22 GMT http://www.introducertoday.co.uk/news_features/house-prices-continuing-to-pick-up-says-halifax http://www.introducertoday.co.uk/news_features/former-cml-chairman-recruited-to-castle-trust A former chairman of the CML has joined shared equity mortgage firm Castle Trust. Matthew Wyles, who was group distribution director at Nationwide Building Society until last September and chaired the CML between 2009 and 2010, has been appointed senior adviser at Castle Trust. Castle Trust chief executive Sean Oldfield said: “Equity... Thu, 09 May 2013 06:17:47 GMT http://www.introducertoday.co.uk/news_features/former-cml-chairman-recruited-to-castle-trust http://www.introducertoday.co.uk/news_features/payday-tv-advert-with-kerry-katona-is-banned-by-watchdog A TV advert for a payday loan company featuring troubled celebrity Kerry Katona resulted in complaints to the advertising watchdog. The advert, for Cash Lady, had Katona saying: “We’ve all had money troubles at some point, I know I have. You could see your bank and fill in loads of forms,... Thu, 09 May 2013 06:16:33 GMT http://www.introducertoday.co.uk/news_features/payday-tv-advert-with-kerry-katona-is-banned-by-watchdog http://www.introducertoday.co.uk/news_features/reckless-help-to-buy-scheme-could-spark-new-bubble-warning The Help to Buy 95% mortgage scheme to be introduced in January has come under renewed attack. Fathom Consulting, which is run by former Bank of England economists, has warned of a dangerous new housing bubble. Fathom economist Andrew Bridgen said: “Had we been asked to design a policy that would guarantee... Wed, 08 May 2013 06:27:27 GMT http://www.introducertoday.co.uk/news_features/reckless-help-to-buy-scheme-could-spark-new-bubble-warning http://www.introducertoday.co.uk/news_features/interest-in-equity-release-grows-among-advisers-says-paradigm There is a growing level of interest from advisers in the equity release sector and the solution it could potentially offer older clients. According to a survey conducted by Paradigm Mortgage Services, 96% of all adviser respondents said they believed equity release products can help solve issues such as a client’s... Wed, 08 May 2013 06:26:20 GMT http://www.introducertoday.co.uk/news_features/interest-in-equity-release-grows-among-advisers-says-paradigm http://www.introducertoday.co.uk/news_features/training-academies-announced-for-mortgage-brokers Mortgage Intelligence is launching a series of training academies for brokers, designed to give them the skills and knowledge they need to increase their business.   The academies will include round-table workshops with leading lenders and providers and will be open to all brokers within the mortgage industry. They will focus on areas... Wed, 08 May 2013 06:25:29 GMT http://www.introducertoday.co.uk/news_features/training-academies-announced-for-mortgage-brokers http://www.introducertoday.co.uk/news_features/central-london-house-prices-going-up-at-rate-of-per-hour Property prices across England and Wales stand at an average of £234,962, according to latest Land Registry data which is available to purchase. The data covers all transactions and is at odds with the ‘official’ – and free – Land Registry house price survey which is based on a repeat regression... Wed, 08 May 2013 06:24:42 GMT http://www.introducertoday.co.uk/news_features/central-london-house-prices-going-up-at-rate-of-per-hour http://www.introducertoday.co.uk/news_features/regentsmead-the-ukE28099s-leading-provider-of-development-finance-teamed-up-with-the-nacfb Wednesday 1st May proved to be a sunny day down by London’s picturesque embankment. Regentsmead, the UK’s leading provider of development finance, teamed up with the NACFB to host what proved to be an immensely successful seminar for brokers with a view to enhancing their opportunities in the development finance... Tue, 07 May 2013 01:56:08 GMT http://www.introducertoday.co.uk/news_features/regentsmead-the-ukE28099s-leading-provider-of-development-finance-teamed-up-with-the-nacfb http://www.introducertoday.co.uk/news_features/bridgebank-capital-secures-significant-investment Bridgebank Capital has announced that it has successfully secured a major new line of funding of potentially up to £100 million from funds managed by Pamplona Capital Management, an investment management firm with funds under management in excess of $7 billion. Pamplona has also taken an equity stake in the Bridgebank... Tue, 07 May 2013 12:49:48 GMT http://www.introducertoday.co.uk/news_features/bridgebank-capital-secures-significant-investment http://www.introducertoday.co.uk/news_features/an-opportunity-to-work-for-angels-media Angels Media, owners the Today publications, require an experienced, client-facing marketing consultant.   More specifically, the successful candidate will approach prospective clients to offer our services. An element of the successful candidate’s salary will be based on the number and size of new client accounts that are brought to the Angels... Tue, 07 May 2013 10:49:06 GMT http://www.introducertoday.co.uk/news_features/an-opportunity-to-work-for-angels-media http://www.introducertoday.co.uk/news_features/new-regulator-must-not-over-react-warning The FCA must be careful not to over-react to potential problems in the market, and should improve communications with firms. The advice comes from the FCA Practitioner Panel, chaired by Nationwide boss Graham Beale. The Panel has published the results of its survey of regulated firms, which also resulted in the recommendation... Tue, 07 May 2013 06:24:54 GMT http://www.introducertoday.co.uk/news_features/new-regulator-must-not-over-react-warning http://www.introducertoday.co.uk/news_features/mortgage-groups-plans-to-enter-estate-agency-on-track A firm of mortgage advisers which announced plans to enter the estate agency market in March says it has secured premises in eight locations and is looking at another 16. The firm, based in Norwich, is looking to offer franchise opportunities to its network of 400 financial advisers plus others, and... Tue, 07 May 2013 06:22:38 GMT http://www.introducertoday.co.uk/news_features/mortgage-groups-plans-to-enter-estate-agency-on-track http://www.introducertoday.co.uk/news_features/friends-life-publishes-income-protection-figures Friends Life has published its income protection claims statistics for the first time. It paid out 87% of all new income protection claims last year, when it received 497 claims. It rejected 45 claims because the medical definition was not met, and 18 because of non-disclosure. In total, over 2,300 income protection... Tue, 07 May 2013 06:21:30 GMT http://www.introducertoday.co.uk/news_features/friends-life-publishes-income-protection-figures http://www.introducertoday.co.uk/news_features/nationwide-set-to-close-branches Three building society names are to be lost from the high street, while 45 branches are to close. Nationwide Building Society, which took over the Cheshire and Derbyshire Building Societies in the wake of the financial crash in 2008, followed by the Dunfermline a year later, is to rebrand all three... Tue, 07 May 2013 06:20:50 GMT http://www.introducertoday.co.uk/news_features/nationwide-set-to-close-branches http://www.introducertoday.co.uk/news_features/liam-bailey3A-blog Draft legislation regarding changes to the current capital gains tax regime and the introduction of new rules for an annual charge on £2m-plus properties held in certain ownership structures is due to be published next week on December 11. So what is the impact of tax changes on the prime central... Fri, 03 May 2013 08:09:31 GMT http://www.introducertoday.co.uk/news_features/liam-bailey3A-blog http://www.introducertoday.co.uk/news_features/buy-to-let-mortgages-come-down-in-price Buy-to-let mortgages are less expensive than they were, with mortgage rates and lenders’ fees both down. Research by specialist broker Mortgages for Business shows that during the first quarter of 2013 buy-to-let rates fell by an average of 0.33% when factoring in fees. Two-year fixed rate products at 65% LTV fell the... Fri, 03 May 2013 06:23:05 GMT http://www.introducertoday.co.uk/news_features/buy-to-let-mortgages-come-down-in-price http://www.introducertoday.co.uk/news_features/mortgage-alliance-launches-new-compliance-bulletin The Mortgage Alliance is to provide free compliance help and information to directly authorised advisers through the launch of a new compliance bulletin. The bulletin will provide DAs with an insight into compliance changes they need to be aware of, the risks and costs to their business and the latest news... Fri, 03 May 2013 06:22:13 GMT http://www.introducertoday.co.uk/news_features/mortgage-alliance-launches-new-compliance-bulletin http://www.introducertoday.co.uk/news_features/mansfield-building-society-ups-its-lending-by The Mansfield Building Society increased lending by 24% in 2012, its highest level in five years. Announcing strong results for last year at its AGM, the Mansfield said it had achieved its best lending year since 2007, achieving a 24% increase in 2012 to £49m – 27% of which was to... Fri, 03 May 2013 06:21:10 GMT http://www.introducertoday.co.uk/news_features/mansfield-building-society-ups-its-lending-by http://www.introducertoday.co.uk/news_features/former-mortgage-broker-to-face-trial A former mortgage broker has been committed to Crown Court on charges relating to the conduct of unauthorised business. Michael Lewis, 64, of Gillingham, Kent, appeared at Medway Magistrates Court in relation to criminal offences brought against him by the Financial Conduct Authority (FCA). He was committed for trial to Maidstone Crown... Fri, 03 May 2013 06:19:51 GMT http://www.introducertoday.co.uk/news_features/former-mortgage-broker-to-face-trial http://www.introducertoday.co.uk/news_features/massive-interest-only-operation-announced-by-regulator Everyone with an interest-only mortgage is to be contacted by their lender and asked how they will repay their loan. Those with loans due to mature by 2020 will be contacted within the next 12 months, as a pre-emptive strike by the industry. This morning the FCA announced the action and published... Thu, 02 May 2013 06:27:27 GMT http://www.introducertoday.co.uk/news_features/massive-interest-only-operation-announced-by-regulator http://www.introducertoday.co.uk/news_features/building-societies-market-share-highest-in-a-decade Building society mortgage approvals now account for 29% of total approvals, the highest level in at least a decade. The proportion compares with just 16.2% after the credit crunch.   The research, by shared equity mortgage provider Castle Trust, also reveals that while gross lending by building societies has risen 65% since 2009,... Thu, 02 May 2013 06:26:52 GMT http://www.introducertoday.co.uk/news_features/building-societies-market-share-highest-in-a-decade http://www.introducertoday.co.uk/news_features/bank-of-ireland-could-face-legal-action-from-borrowers Bank of Ireland has rejected suggestions that it hid a possible hike to rates in the original small print – but could face legal action from borrowers. The bank notified 13,500 UK mortgage customers – two-thirds of them buy-to-let borrowers whose rates went up yesterday – in February that it planned to... Thu, 02 May 2013 06:26:13 GMT http://www.introducertoday.co.uk/news_features/bank-of-ireland-could-face-legal-action-from-borrowers http://www.introducertoday.co.uk/news_features/new-challenger-bank-aldermore-expands-lending-to-home-owners Lending by Aldermore rose by over 75% last year while its balance sheet grew by over 60% to stand at £2.6bn – in its third year of operating. During 2012, the bank lent over £1bn to home owners and the same to small businesses. It was also an active participant in the Funding... Thu, 02 May 2013 06:25:05 GMT http://www.introducertoday.co.uk/news_features/new-challenger-bank-aldermore-expands-lending-to-home-owners http://www.introducertoday.co.uk/news_features/mortgage-fraud-suspect-arrested-in-spain A man wanted by British police over a suspected £7m mortgage scam has been arrested in Spain. Martin Power, 47, was taken into custody by Spanish police in Malaga, it has been confirmed. It is thought he was originally hiding in northern Cyprus. He had been placed on a recent ‘most wanted’ list... Thu, 02 May 2013 06:24:34 GMT http://www.introducertoday.co.uk/news_features/mortgage-fraud-suspect-arrested-in-spain http://www.introducertoday.co.uk/news_features/approvals-up-but-actual-lending-a-weak-out-turn-says-economist The number of mortgage approvals for house purchase crept up to 53,504 in March, up from 51,947 in February and compared with an average of 53,113 over the previous six months. The number of approvals for remortgage was also up – 30,088, compared with 28,028 over the previous six months. The approvals... Wed, 01 May 2013 06:26:45 GMT http://www.introducertoday.co.uk/news_features/approvals-up-but-actual-lending-a-weak-out-turn-says-economist http://www.introducertoday.co.uk/news_features/equity-release-firm-unveilis-home-buying-and-selling-service An equity release finance specialist is launching into the estate agency market. Key Retirement Solutions has unveiled a national house buying and selling service for the ‘worried’ over-55s. The hand-holding service is aimed at people who are likely to be downsizing, and will be charging 2.5% of the property’s selling price, with... Wed, 01 May 2013 06:23:52 GMT http://www.introducertoday.co.uk/news_features/equity-release-firm-unveilis-home-buying-and-selling-service http://www.introducertoday.co.uk/news_features/new-specialist-lending-comparison-site-is-launched Mortgage distributor 3mc has launched a new website which enables brokers to compare and contrast mortgage products between specialist lenders. The new website also suggests other products that brokers may wish to consider and features a virtual mortgage desk which is available 24/7. 3mc director Doug Hall said: “Our new website isn’t... Wed, 01 May 2013 06:22:57 GMT http://www.introducertoday.co.uk/news_features/new-specialist-lending-comparison-site-is-launched http://www.introducertoday.co.uk/news_features/father-and-son-mortgage-firm-directors-are-banned The FCA has banned two former directors of a mortgage company after the submission of mortgage applications containing false and misleading information . Douglas Jones and his son Derek Jones were directors of Glasgow firm Which Mortgage.   The pair had failed to ensure that the firm had appropriate controls in place to... Wed, 01 May 2013 06:22:14 GMT http://www.introducertoday.co.uk/news_features/father-and-son-mortgage-firm-directors-are-banned http://www.introducertoday.co.uk/news_features/national-conveyancing-specialists-join-the-conveyancing-association National Conveyancing specialists Convey Law have re-affirmed their position as one of the UK’s leading Conveyancing companies by joining the Conveyancing Association. The Association is a non-profit organisation that counts many of the nations leading Conveyancing companies amongst its members. Over recent years, Convey Law have enjoyed consistent success and growth... Tue, 30 Apr 2013 10:08:50 GMT http://www.introducertoday.co.uk/news_features/national-conveyancing-specialists-join-the-conveyancing-association http://www.introducertoday.co.uk/news_features/which-urges-bank-of-ireland-to-do-right-thing Consumer watchdog Which? this morning issued an eleventh-hour call for the Bank of Ireland to “do the right thing”. Tomorrow, on May 1, thousands of the bank’s customers who have a tracker mortgage will be paying a higher interest rate. They include clients who were sold a ‘lifetime’ tracker, and landlords... Tue, 30 Apr 2013 06:24:45 GMT http://www.introducertoday.co.uk/news_features/which-urges-bank-of-ireland-to-do-right-thing http://www.introducertoday.co.uk/news_features/pair-jailed-after-buy-to-let-mortgage-fraud Two people who built up a £4m buy-to-let empire on fraudulent mortgages have been sent to jail. The pair were found guilty after a trial last month where their mortgage broker was cleared by the jury. Paul Bradwell was found not guilty of conspiracy to commit fraud. He said he had... Tue, 30 Apr 2013 06:23:40 GMT http://www.introducertoday.co.uk/news_features/pair-jailed-after-buy-to-let-mortgage-fraud http://www.introducertoday.co.uk/news_features/saffron-launches-three-year-fix-with-no-early-repayment-charge Saffron Building Society has launched a three-year fixed rate deal without any early repayment charges, across a number of its Special Situations mortgage products.   The  deal, which is available for a limited period only, offers a 4.47% rate fixed to May 31, 2016, and is available at 80% LTV. It is... Tue, 30 Apr 2013 06:23:02 GMT http://www.introducertoday.co.uk/news_features/saffron-launches-three-year-fix-with-no-early-repayment-charge http://www.introducertoday.co.uk/news_features/number-of-house-sales-slips-back-says-land-registry The number of house sales has fallen, the Land Registry has reported. From October to January, there were an average of 54,810 transactions per month, compared with 56,556 for the same period a year earlier. In January itself – the latest month for which the Land Registry has transaction data – there... Tue, 30 Apr 2013 06:22:10 GMT http://www.introducertoday.co.uk/news_features/number-of-house-sales-slips-back-says-land-registry http://www.introducertoday.co.uk/news_features/scarce-supply-proves-headache-for-estate-agents A house price increase this month has been fuelled by a shortage of stock – and by the roaring London market, which is now back to the top-of-the-boom levels of 2007. Hometrack said this morning that house prices have gone up nationally by 0.3% this month, but by over 0.7% in... Mon, 29 Apr 2013 06:27:46 GMT http://www.introducertoday.co.uk/news_features/scarce-supply-proves-headache-for-estate-agents http://www.introducertoday.co.uk/news_features/mortgage-expo-event-is-called-off-with-just-weeks-to-go With less than a month to go, the Manchester Mortgage Business Expo has been cancelled. The mortgage industry event was to have taken place at the Lancashire County Cricket Club on May 23. No reasons have been given for the cancellation by organisers Clarion Events, which insists that its London event will... Mon, 29 Apr 2013 06:27:01 GMT http://www.introducertoday.co.uk/news_features/mortgage-expo-event-is-called-off-with-just-weeks-to-go http://www.introducertoday.co.uk/news_features/round-table-for-mortgage-advisers-will-look-at-new-opportunities A round table event is being held for mortgage advisers this Wednesday. The event, being hosted by Paradigm Mortgage Services, is open to all mortgage advisers and will focus on new business opportunities.   The round table will take place at the Park Inn Hotel London, 30-40 St Albans Road, Watford, Hertfordshire WD17... Mon, 29 Apr 2013 06:25:20 GMT http://www.introducertoday.co.uk/news_features/round-table-for-mortgage-advisers-will-look-at-new-opportunities http://www.introducertoday.co.uk/news_features/trade-body-is-needed-for-protection-business-says-tenet Tenet has voiced its support for the creation of a dedicated protection trade body. It says good reasons include the recent shift to diversification within adviser business models to include more protection business.   Since the economic downturn, Tenet says it has actively supported adviser firms to diversify.   The firm also believes that the... Mon, 29 Apr 2013 06:23:43 GMT http://www.introducertoday.co.uk/news_features/trade-body-is-needed-for-protection-business-says-tenet http://www.introducertoday.co.uk/news_features/1st-stop-homeloans-are-pleased-to-announce-yet-more-innovation-in-the-secured-loan-market After listening once more to the feedback from our brokers regarding; commission and criteria we have some further positive enhancements to the 1st Stop Homeloans product suite. ·  Self employed customers: Self employed customers can now qualify for our full range of Homeloans products. ·  Following the success of our £12,500 loan... Fri, 26 Apr 2013 02:39:45 GMT http://www.introducertoday.co.uk/news_features/1st-stop-homeloans-are-pleased-to-announce-yet-more-innovation-in-the-secured-loan-market http://www.introducertoday.co.uk/news_features/number-of-five-year-fixes-swells-as-lenders-change-tack There has been a 73% surge in the number of five-year fixed rate mortgage deals on offer in the past year. There are now 634 deals available, according to Moneyfacts, against 366 this time last year. Rates have also come down. A five-year mortgage with a 90% LTV today costs an average... Fri, 26 Apr 2013 06:21:02 GMT http://www.introducertoday.co.uk/news_features/number-of-five-year-fixes-swells-as-lenders-change-tack http://www.introducertoday.co.uk/news_features/best-month-since-recession-began-says-mortgage-firm A mortgage company has reported the most completions in a month since the start of the recession. Crystal Mortgages’ first-quarter figures have also eclipsed those for the same period last year.   From January to March, terms were issued on over £94.7m, a 9% year-on-year increase, while completions for the period were up... Fri, 26 Apr 2013 06:19:32 GMT http://www.introducertoday.co.uk/news_features/best-month-since-recession-began-says-mortgage-firm http://www.introducertoday.co.uk/news_features/santander-profits-plummet-as-mortgage-book-contracts Santander’s pre-tax profits slumped 24% in the first three months of the year to £240m, as it deliberately slashed its share of the gross mortgage lending market. Santander’s market share is now 9.6%, compared with 16.5% in March last year. The bank’s gross mortgage lending is £3.3bn, down from £5.7bn in... Fri, 26 Apr 2013 06:18:56 GMT http://www.introducertoday.co.uk/news_features/santander-profits-plummet-as-mortgage-book-contracts http://www.introducertoday.co.uk/news_features/linear-mortgage-volumes-soar-thanks-to-newbuy Linear Financial Solutions, part of the LSL Group, says it has had its best month for mortgage volume in March since September 2009 – thanks to NewBuy. It set up Linear New Homes last September.  Linear is one of a limited number of adviser firms in the country which can advise on... Fri, 26 Apr 2013 06:18:11 GMT http://www.introducertoday.co.uk/news_features/linear-mortgage-volumes-soar-thanks-to-newbuy http://www.introducertoday.co.uk/news_features/are-you-happy-in-your-home Are you happy in your home? Please fill out this survey to let us know how you feel!   ... Thu, 25 Apr 2013 09:49:21 GMT http://www.introducertoday.co.uk/news_features/are-you-happy-in-your-home http://www.introducertoday.co.uk/news_features/fears-that-funding-for-lending-scheme-change-will-hit-mortgages Mortgage approvals by high street banks for house purchase nudged up in March to stand at 31,227. The news came as the Government announced extending its Funding for Lending Scheme, but diverting it towards small businesses – a move which one critic described as risky for the mortgage market. While up on... Thu, 25 Apr 2013 06:21:35 GMT http://www.introducertoday.co.uk/news_features/fears-that-funding-for-lending-scheme-change-will-hit-mortgages http://www.introducertoday.co.uk/news_features/collapse-of-co-op-deal-to-buy-lloyds-branches-bad-news-for-consumers The collapse of the deal between Co-operative Group and Lloyds has been described as “very bad news” for consumers. The Co-op pulled out of the deal to buy 630 branches, which will now be rebranded as TSB and floated on the stock market as a stand-alone bank. Government ministers have been playing... Thu, 25 Apr 2013 06:19:43 GMT http://www.introducertoday.co.uk/news_features/collapse-of-co-op-deal-to-buy-lloyds-branches-bad-news-for-consumers http://www.introducertoday.co.uk/news_features/holloway-streamlines-its-systems-for-advisers Income protection provider Holloway Friendly has upgraded its IT systems to make quotations and applications quicker and easier for advisers. The new system includes a quotation server, making the quotation procedure much faster; and a new application process and online form which is quicker and simpler for advisers to use.  Another development... Thu, 25 Apr 2013 06:19:06 GMT http://www.introducertoday.co.uk/news_features/holloway-streamlines-its-systems-for-advisers http://www.introducertoday.co.uk/news_features/bridging-company-offers-brokers-proc-fees Bridging company Hope Capital is to offer a 1.5% procuration fee to all brokers on bridging cases completed before the end of May. CEO Jonathan Sealey said: “The first quarter of 2013 has been very strong for Hope Capital in terms of loans completed and redeemed, and we would like to... Thu, 25 Apr 2013 06:17:18 GMT http://www.introducertoday.co.uk/news_features/bridging-company-offers-brokers-proc-fees http://www.introducertoday.co.uk/news_features/angels-launches-new-social-media-division-for-agents Angels Media, publisher of Letting Agent Today and Estate Agent Today, has set up a new social media wing. The aim is to help agents create brand awareness and manage their reputations through the likes of Twitter, Facebook and Linked In. Angels boss Nat Daniels said: “We have been doing social media... Wed, 24 Apr 2013 10:28:05 GMT http://www.introducertoday.co.uk/news_features/angels-launches-new-social-media-division-for-agents http://www.introducertoday.co.uk/news_features/funding-agreement-with-1st-stop-car-finance-limited Manx Financial Group PLC, the Isle of Man based diversified financial services group including the wholly-owned licensed banking subsidiary Conister Bank Limited ("Conister Bank"), continues to extend its UK distribution network through regional partnering arrangements. Conister Bank has entered into a funding agreement with 1st Stop Car Finance Limited ("1st... Wed, 24 Apr 2013 10:27:54 GMT http://www.introducertoday.co.uk/news_features/funding-agreement-with-1st-stop-car-finance-limited http://www.introducertoday.co.uk/news_features/buy-to-let-mortgages-off-the-hook-in-euro-directive Agreement has finally been reached on the European Mortgage Directive – letting the UK buy-to-let mortgage market off the hook. It means that buy-to-let mortgages will escape regulation, which would have meant that loans would have been based on landlords’ earnings excluding rental income. Also left out of the directive are parental... Wed, 24 Apr 2013 06:26:38 GMT http://www.introducertoday.co.uk/news_features/buy-to-let-mortgages-off-the-hook-in-euro-directive http://www.introducertoday.co.uk/news_features/islmaic-bank-cuts-rates-on-buy-to-let-purchase-plan Islamic Bank of Britain, the UK’s only wholly Sharia compliant retail bank, has lowered the rental rate for its buy-to-let products. The new variable rental rate will be 4.89% on its buy-to-let purchase plan range, a 0.6% cut. The term ‘rental’ in this instance has nothing to do with the occupation of... Wed, 24 Apr 2013 06:25:52 GMT http://www.introducertoday.co.uk/news_features/islmaic-bank-cuts-rates-on-buy-to-let-purchase-plan http://www.introducertoday.co.uk/news_features/united-trust-helps-out-btl-borrowers-deserted-by-their-lenders United Trust Bank has said it ‘ready and able’ to help borrowers, including buy-to-let landlords, refinance after being told by their existing lenders to repay their facilities or agree to harsh new terms. United Trust Bank said it can provide short-term facilities to refinance suitable residential property portfolios.   After reports that customers... Wed, 24 Apr 2013 06:24:35 GMT http://www.introducertoday.co.uk/news_features/united-trust-helps-out-btl-borrowers-deserted-by-their-lenders http://www.introducertoday.co.uk/news_features/aldermore-lets-borrowers-add-fees-to-their-loans Aldermore is giving mortgage borrowers the option to add completion and electronic transfer fees to their loans. This facility is being made available on residential and buy-to-let mortgages with the exceptions of Aldermore’s NewBuy and Family Guarantee mortgage.   Charles Haresnape, managing director of residential mortgages at Aldermore, said: “We’re very aware that,... Wed, 24 Apr 2013 06:24:11 GMT http://www.introducertoday.co.uk/news_features/aldermore-lets-borrowers-add-fees-to-their-loans http://www.introducertoday.co.uk/news_features/big-six-should-be-challenged-by-new-lenders-say-public Consumers would like more mortgage lenders to challenge the big six, and four out of five (82%) would like it to be made easier for new entrants to get into the market. They believe new lenders such as Tesco, Virgin Money and M&S, as well as other new entrants, can help... Tue, 23 Apr 2013 06:21:13 GMT http://www.introducertoday.co.uk/news_features/big-six-should-be-challenged-by-new-lenders-say-public http://www.introducertoday.co.uk/news_features/lenders-must-stress-test-individual-mortgage-borrowers-warning The importance of lenders doing regular stress tests on all individual mortgage borrowers should not be underestimated, an industry figure has said. Alex Maddox, director at Acenden, a mortgage servicer, said that the latest research by credit ratings agency Moody’s should ring alarm bells throughout the industry. According to Moody’s, a large... Tue, 23 Apr 2013 06:20:30 GMT http://www.introducertoday.co.uk/news_features/lenders-must-stress-test-individual-mortgage-borrowers-warning http://www.introducertoday.co.uk/news_features/home-ownership-slides-for-first-time-in-a-century The proportion of owner-occupied homes in England and Wales has fallen to 64%, say new figures analysed from the latest Census conducted in 2011. In 2001, the proportion was 69% – the peak of home ownership. Since then, the number of households buying their homes through a mortgage has fallen by... Tue, 23 Apr 2013 06:19:59 GMT http://www.introducertoday.co.uk/news_features/home-ownership-slides-for-first-time-in-a-century http://www.introducertoday.co.uk/news_features/mortgages-business-buys-century-21-estate-agency Century 21 has a new owner in the UK. Shepherd Direct has acquired the licence to operate the Century 21 estate agency and lettings brand through the UK, Channel Island, Gibraltar and Isle of Man. The price paid has not been disclosed, but Shepherd Direct said it was making a “significant seven-figure... Tue, 23 Apr 2013 06:18:22 GMT http://www.introducertoday.co.uk/news_features/mortgages-business-buys-century-21-estate-agency http://www.introducertoday.co.uk/news_features/santander-tells-thousands-of-borrowers-to-complain-if-they-want Santander UK is today starting to send out letters to over 270,000 borrowers inviting them to complain about action the bank took five years ago. Santander has agreed the deal with the regulator the FCA. Letters that the bank originally sent out in 2008 failed to make it clear when it... Mon, 22 Apr 2013 06:26:16 GMT http://www.introducertoday.co.uk/news_features/santander-tells-thousands-of-borrowers-to-complain-if-they-want http://www.introducertoday.co.uk/news_features/help-to-buy-mortgages-could-have-serious-consequences-mps-warn The 95% mortgage scheme being launched under the Help to Buy flag in January could have serious and unintended consequences, MPs have warned. The Treasury Select Committee’s comments will be seen as a severe blow to George Osborne, who unveiled the package in last month’s Budget, which will see up to... Mon, 22 Apr 2013 06:25:07 GMT http://www.introducertoday.co.uk/news_features/help-to-buy-mortgages-could-have-serious-consequences-mps-warn http://www.introducertoday.co.uk/news_features/cml-accused-of-exaggering-health-of-mortgage-market The Council of Mortgage Lenders has come under fire after issuing upbeat data which grabbed headlines but which critics say is misleading. On Friday, the CML announced that gross mortgage lending increased to £11.6bn in March. It said that this was 9% higher than February’s figure of £10.6bn, but 8% lower than... Mon, 22 Apr 2013 06:23:58 GMT http://www.introducertoday.co.uk/news_features/cml-accused-of-exaggering-health-of-mortgage-market http://www.introducertoday.co.uk/news_features/more-buy-to-let-borrowers-turning-to-bridging More and more buy-to-let borrowers are turning to bridging loans because they are being shut out by high street lenders. In a survey of 350 mortgage brokers carried out by peer-to-peer bridging lender West One Loans, a record 36% of intermediaries listed buy-to-let as the most popular use for bridging loans.  This... Mon, 22 Apr 2013 06:23:27 GMT http://www.introducertoday.co.uk/news_features/more-buy-to-let-borrowers-turning-to-bridging http://www.introducertoday.co.uk/news_features/oft-launches-inquiry-into-quick-sale-housing-scams The Office of Fair Trading has launched an inquiry into ‘quick sale’ companies, saying that desperate sellers are in danger of being misled. It is calling for evidence from estate agents and advisers who come across the practice, as well as from those who may have been stung. The OFT says... Fri, 19 Apr 2013 06:24:15 GMT http://www.introducertoday.co.uk/news_features/oft-launches-inquiry-into-quick-sale-housing-scams http://www.introducertoday.co.uk/news_features/credit-unions-to-receive-modernising-boost A £38m contract aimed at modernising and growing the credit union industry has been awarded to the Association of British Credit Unions. The Government contract was put out to tender by the Department for Work and Pensions. A recent feasibility study showed that modernising the industry and helping it become financially self-sustainable... Fri, 19 Apr 2013 06:22:42 GMT http://www.introducertoday.co.uk/news_features/credit-unions-to-receive-modernising-boost