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FCA fines Santander £32.8m for probate and bereavement failings

The FCA has fined Santander UK £32.8m for failings in its “flawed” probate and bereavement processes. Over three years between 2013 and 2016 more than 40,400 customers were affected by the failings, where a total of more than £183m of funds were not transferred to beneficiaries when they should have been, the FCA says. According to a notice from the […]

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UK rental growth unchanged since July: ONS

Figures from the Office for National Statistics show that private rental prices grew by 0.9 per cent in November on an annual basis, the same rate that stretches back to July this year. In England, this same figure stands at 1 per cent, and taking London out of the equation pulls this figure up to […]

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TSB implements changes across its affordable housing range

TSB has shaken up a number of its mortgage products, increasing cashback and pulling some rates up while reducing others. In terms of cashback the bank is now offering £500 up from £250 across its shared ownership and shared equity remortgage ranges. Additionally, reductions within the lenders suite of products range across its two-, three-, […]

Number of renters seeing prices increase drops again: Arla Propertymark

Arla Propertymark have issued its November PRS report, and it shows the number of tenants seeing their rent increasing falling for the third consecutive month. The survey outlines that tenants reporting upped rents has dropped by 10 per cent from September to November, standing at 21 per cent for last month. However, year-on-year the quantity of […]

London ends 2018 with negative house price growth: Hometrack

The latest Hometrack data shows UK city house price inflation running at 2.6 per cent, the lowest annual rate since 2012, and negative growth in England’s capital. Average house prices in the capital have fallen 0.1 per cent over this year, with two thirds of London seeing prices fall, yearly negative growth for the second […]

Pepper Money promotes Jarvis to head of intermediary distribution

Pepper Money have announced the promotion of Clare Jarvis to head of intermediary distribution, where she will be responsible for national accounts, telephony sales, sales support and a team of regional development managers. Jarvis has over 20 years’ experience in financial services, having previously worked as an underwriter, broker and packager, as well as senior […]