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Canada Life launches customer hub

Canada Life Home Finance has announced the launch of a customer hub. The hub provides existing customers with information on decision making after the completion of the mortgage application, according to the firm. In addition, the service provides data on additional borrowing, as well as making capital and interest payments. The firm adds that the […]

Newcastle appoints new BDM

Newcastle Intermediaries has appointed Stephen Breen as a business development manager. Breen has over 25 years’ experience in the financial services industry. He has worked at Bradford & Bingley, Furness Building Society, and Stafford Railway Building Society. The new role will see Breen ply his trade in the North West region of England, and the […]

Mortgage Mole: June 2019

Intrepid Mole, digging up the stories behind the news Make mine a double Where to start with James Brokenshire? He’s certainly had a busy month. His comments about pensions and first-time buyers had the chattering classes setting fire to Twitter’s servers (sadly not permanently) – of which arguments for and against you can catch in […]

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Fleet Mortgages appoints two new BDMs

Fleet Mortgages has appointed Jacqui Simmons (pictured, left) and Katy Williams (pictured below) as business development managers. Simmons joins from Magellan Homeloans where she spent two and a half years, prior to this was worked at Castle Trust, UKAR, and AToM. Meanwhile, Williams joins rom My Finance Friend having spent one year there. She has […]

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Essex property recovered from drug dealer and fraudster

A property in Essex has been recovered from an alleged drug dealer and fraudster, according to the National Crime Agency. The flat, which is situated in Dagenham and worth an estimated £310,000, has been repossessed from Mkpa Oju Uka. Uka claimed he bought the property with profits from a second-hand clothes business; however, investigators believe […]

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FCA fines BoS £45.5m for failing to report suspicions of fraud

The Financial Conduct Authority has fined Bank of Scotland £45.5m for failing to report suspicions of fraud at an HBOS Reading branch. The watchdog reports that the bank noticed suspicious conduct within its Impaired Assets team from early 2007, but failed to “understand and appreciate the significance of the information that it had identified despite […]

Property transactions fall 11% in May

The number of residential UK property transactions in May 2019 came to 89,810 – 11.3 per cent lower than the number in May 2018, according to figures from HMRC. The seasonally adjusted figures also show that at 10,090, non-residential transactions fell 3.7 per cent on an annual basis. Between April 2019 and May, residential property […]