Showing posts with label financem financial. Show all posts
Showing posts with label financem financial. Show all posts

Monday, 19 April 2010

April house price growth picks up

The latest Rightmove House Price Index reveals:

"With the onset of the traditional moving season, new sellers coming to market ignored any pre-election jitters and economic woes and pushed up their average asking prices by 2.6% (£5,898) this month..."


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Goldman Sachs accused of subprime fraud

The Securities and Exchange Commission have charged Goldman, Sachs & Co. for:

"Defrauding investors by misstating and omitting key facts about a financial product tied to subprime mortgages as the U.S. housing market was beginning to falter..."


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Friday, 16 April 2010

FSA fines London IFA £24,500

The Financial Services Authority today fined:

"Robin Bradford (Life and Pension Consultants) Ltd (Robin Bradford), a London based IFA firm, £24,500 for exposing customers to unacceptable levels of risk of receiving poor pension switching advice.
.."

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Buy-to-let market delivers improving returns as rents rise

According to the latest Buy-to-Let Index from LSL Property Services plc:

"Landlords are celebrating an outstanding month in the buy-to-let market, with rising rents, rising house prices and falling arrears..."


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Wednesday, 14 April 2010

UK facing severe housing shortage

According to Q1 research from the Association of Residential Lettings Agents:

"There is not enough rental property to meet consumer demand in the UK – and the situation is worsening.
Insufficient supply of good quality property means that the private rented sector (PRS) is struggling to meet demand..."

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Equity release sales rise 18%


Independent equity release adviser, Key Retirement Solutions, say:

"Retired homeowners are increasingly using equity release to help family as the housing market recovery boosted cash released to £216.9 million in the first quarter of 2010..."

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General Election Manifestos and the property industry


The British Property Federation says:

"It's good to see that housing and planning have got a good airing, but the worry is that amid all the idealistic thinking around localism may take some more work before it can be implemented..."


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Tuesday, 13 April 2010

Legal & General to offer ING Direct mortgages

Ben Thompson, Director, Mortgages at Legal & General said:

“We're really pleased to be in a position to bring another new lender to our panel, particularly one as innovative as ING Direct..."

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FSA fines and bans former Northern Rock deputy CEO


The Financial Services Authority today fined the following:

"David Baker, former deputy chief executive of Northern Rock Plc (NR), £504,000 and Richard Barclay, former managing credit director at NR, £140,000..."


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Monday, 12 April 2010

60% of intermediaries don't use lead generation


According to the results from the latest MyIntroducer.com poll:

"60.73% of intermediaries report that none of thier new business comes from purchasing leads
..."

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Kensington Mortgage Company Limited fined £1.225m

The Financial Services Authority (FSA) has today announced it has fined Kensington Mortgage Company Limited £1.225 million for poor treatment of some customers facing mortgage arrears:

"
The firm has agreed to redress customers who were in arrears and charged specific unfair and/or excessive charges. It is estimated that the redress will cost the firm up to £1.066 million...."

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Friday, 9 April 2010

Abbey launch new two-year fixed rate deals


Abbey for Intermediaries has today launched a range of new two year fixed rate mortgages:

"70% LTV, 2 year Fixed rate products from
Abbey: Homebuyer and Homebuyer Plus products, 3.59% with a £995 fee. Remortgage product, 3.64% with a £995 fee..."

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Godiva reduce Buy to Let base rate tracker by 0.50%


Godiva Mortgages announce that today they have:

"Reduced the pay rate on their 2 year Buy to Let base rate tracker by 0.50%.
Previously this product was available at +3.85% above base for two years, and has now been slashed to +3.35%..."

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Thursday, 8 April 2010

FSA issues £4.2m fines


The Financial Services Authority has fined three firms a total of £4.2m for failing to provide accurate and timely transaction reports to the FSA:

"The three firms are Credit Suisse (£1.75m fine), Getco Europe Limited (£1.4m) and Instinet Europe Limited (£1.05m).
.."

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Tory Economic Plan has strength of a house of cards, say Labour


Gordon Brown issued a stark warning to voters that the Tories' economic plan has the strength of a house of cards which would risk the recovery:

“My aim is to secure the recovery and not put it at risk. Yesterday, the OECD reported that the UK is seeing one of the most robust returns to growth in the developed world..."


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Halifax: March house prices up 1.1%


According to the latest Halifax House Price Index:

"House prices increased by 1.1% in March. This rise partly reversed February's 1.6% fall and was the eighth increase in the last nine months..."


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Wednesday, 7 April 2010

Hung parliament could add £624 a year to mortgage


easyroommate.co.uk report:

"As all long-term lenders price their mortgages with reference to the price of gilts – or units of government debt – mortgage rates are now rising as the cost of gilts rise..."

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Thursday, 1 April 2010

Yorkshire and Chelsea building societies merger completed


The merger of the Yorkshire and Chelsea building societies completes today:

"The enlarged Society will be known as Yorkshire Building Society, with the Chelsea Building Society name being retained and operated as a separate and distinct brand within the Yorkshire Group..."

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here to read more

FSA: Seven charged with insider dealing


The Financial Services Authority today charged seven people with 13 charges in respect of conspiracy to deal on inside information obtained by the defendants from two major investment banks:

"One defendant has additionally been charged with an offence in relation to money laundering.
.."

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The Mortgage Works launch new fixed and tracker mortgages


The Mortgage Works (TMW) has announced a number of improvements to its range of mortgages as it continues its commitment to expanding and increasing competitive mortgage solutions for intermediaries:

"New 4.99% lifetime variable managed rate product with £1,899 arrangement fee, up to 70% LTV..."


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here to read more