News Archive

Leeds Building Society has announced record profits after increasing mortgage lending by 25% and attracting new savings...

There was good news at the start of the year that the number of advisers leaving the market has slowed significantly...

New figures from HMRC have suggested the extent to which first-time buyers are ramping up the property market in an attempt to beat the March 24 deadline for the end of the Stamp Duty exemption...

A dozen new branches are to be opened by Yorkshire Building Society over the next two years, and will also grow its agency network...

First Complete, part of the LSL group, has added PruProtect to its protection panel. This brings the total number of life companies on the panel to six, joining Ageas, Aviva, Bright Grey, Friends Life and Legal & General...

The Association of Bridging Professionals is to hold a quarterly forum on March 8 at the Electric Cinema in Notting Hill, London...

Leeds Building Society has joined Lloyds in cracking down on interest-only mortgages, whilst Abbey has announced further details...

Credit card protection policy firm CPP has suspended trading in its shares and attacked the FSA, saying that the whole future of its business is at risk because of prolonged action by the watchdog...

Gross mortgage lending declined to an estimated £10.5bn in January. Lending fell by 14% from £12...

Santander has been fined £1.5m by the FSA for not telling investors in complex structured products whether they would be entitled to compensation should the products fail...

In a burst of optimism, new sellers have raised their asking prices by 4.1% – the highest monthly increase since April 2002, and some £70,000 ahead of current actual selling prices...

A conman who bombarded banks with fraudulent mortgage applications has been jailed for seven years...

The FSA has been awarded costs after proceedings by an accountancy firm, which had refused to co-operate over a supervisory visit, were judged ‘unreasonable’...

Teachers Building Society has launched a new two-year discounted variable rate mortgage at 2.59%, available exclusively via intermediaries and with the added benefit of no early repayment charges...

A valuations subsidiary of Spicerhaart is being put into liquidation because of escalating claims against it by ‘ambulance chasers’ – even though it ceased trading five years ago...

A job advert for a trainee mortgage adviser which said no experience was necessary did not mention that applicants would have to pay for their own training...

The latest results from the long-running series of research from Paragon Mortgages has revealed that more than a third of intermediaries saw an influx of buy-to-let business in the final quarter of 2011...

A former worker for a firm of surveyors that is an affiliate member of the Association of Bridging Professionals stole over £100,000 from his employers...

FSA managing director Margaret Cole is to leave the organisation, which is in its final full year of operation...

Two ‘last bank in town’ TV adverts for NatWest and the Royal Bank of Scotland have been banned by the advertising watchdog...