Lenders

FTAdviser latest:Remortgages hit eight year low as all loans drop off in January

January saw the lowest monthly level of remortgage activity for eight years as the number of house purchase loans taken also decreased by half over the month.

Banking legend Brian Pitman dies

Former Lloyds chairman and chief executive Brian Pitman died yesterday (11 March) at hospital, after suffering a heart attack earlier in the week.

Mortgage Intelligence partners with Kensington

Prime lender Kensington has partnered with Mortgage Intelligence and Mortgage Next as key distributors for its product range.

Link Loans re-enters secured loans sector

Link Loans has re-entered the secured loans broker market after receiving new equity funding from the Royal Bank of Scotland (RBS).

Newcastle reports neither profit nor loss in 2009

Newcastle building society has reported that it broke even over 2009, revealing neither a profit nor a loss for the year after tax in its final results.

FTBs need £18,477 more for a deposit: Shelter

The average first-time buyer now needs a deposit equivalent to a year's salary to get on the housing ladder, according to research by homelessness charity Shelter.

Risk assessment critical to unorthodox lending: FSA

Building societies must ensure that they have the necessary risk management systems if they want to be involved in non-traditional lending, according to Graeme Ashley-Fenn from the FSA.

Mortgage Works launches mum and dad mortgage

The Mortgage Works is launching a new range of guarantor products offering a variety of liability levels.

Coventry in merger talks with Stroud & Swindon

Coventry and Stroud & Swindon building societies this week revealed that they are in the early stages of a merger.

RBS bidders could foot the Bank’s liquidity bill

Potential bidders for Royal Bank of Scotland branches being sold off under EU state aid rules have identified a possible funding shortfall as a result of support it received from the Bank of England.

Comments

Why Virgin is right to charge current account holders

Virgin Money charging its current account customers a fee to ensure its costs are more transparent is good news for customers


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NatWest rate changes

Type: Buy-to-let tracker mortgage and rate changes


Comments

And yet another equity release provider bows out

Stonehaven has today (9 March) become the latest equity release provider to temporarily suspend new business due to lack of funding.



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