A further 45 signatories have committed to take on the targets highlighted in the Women in Finance Charter. Recent signatories include Sesame Bankhall Group, Investec Wealth and Investment, Metro Bank, Sainsbury’s Bank and Bank of Ireland. In 2017, Virgin Money chief executive Jayne-Anne Gadhia was asked by Government to lead a review into the representation […]
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The Law Commission faces an uphill battle to start making commonhold property ownership more popular than leasehold, experts say. The Commission believes the more common leasehold structure for owning property can be unfair to homeowners. Last month it called for evidence on why only 20 such developments have been made since commonhold became law in […]
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Virgin Money has launched a £750 cashback incentive on its broker-only buy-to-let range. This is available for a limited time for landlords remortgaging in spring. The cashback products are: Two-year fixed rate at 60 per cent LTV at 1.39 per cent Two-year fixed rate at 75 per cent LTV at 1.75 per cent Five-year fixed […]
Accord has today cut rates on 21 small-deposit mortgages by up to 0.23 per cent. The biggest rate cut applies to the firm’s five-year remortgage at 75 per cent LTV, now 2.03 per cent. The loan has a £995 fee, free legals, free valuation and £500 cashback. Accord has also lowered rates by 0.22 per […]
Principality Building Society has cut rates across products in its fixed residential and buy-to-let ranges. The Welsh lender has reduced rates on four two-year residential mortgage products by 0.15 per cent with new rates ranging from 1.85 per cent to 2.10 per cent. Cuts have also been applied to two buy-to-let products; with reductions […]
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SimplyBiz Group will float on the London Stock Exchange on 4 April with a market capitalisation of £130m. The float will raise around £30m for the firm and £34.6m for selling shareholders by placing ordinary shares at 170p each. The float value is slightly below the £150m figure touted by Reuters last month. The support […]
Older homeowners withdrew record amounts of equity from their properties last year, as housing wealth started to catch up on pension withdrawals as a means of funding retirement. The latest quarterly figures from the Equity Release Council show that a record £3.06bn was accessed via equity release schemes last year. It isn’t just the value […]
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Who can this help? The product is predominantly geared to helping close family members either get onto the property ladder or move home. Often parents choose to act as the second applicant, using their income to maximise mortgage lending, however only the first applicant appears on the mortgage deeds. This ultimately means that parents’ […]
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Local authorities will be given new powers to tackle rogue landlords who rent overcrowded properties. Councils will now be able to impose fines of up to £30,000 on those who do not comply with new standards, under measures outlined by housing minister Heather Wheeler in parliament today. From October, councils will be able to set […]
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Teachers Building Society has appointed Julie Nicholson as chair, replacing incumbent Roy Spragg. Nicholson will take up her role on 26 April. She is currently deputy chair at Reliance Bank and also chairs the firm’s audit, risk & compliance committee. Teachers Building Society chief executive Simon Beresford says: “I am thrilled to be welcoming Julie as […]