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Swansea Building Society joins Legal & General panel

Swansea Building Society’s mortgages are now available through the Legal & General mortgage club. Among these is a new suite of specialist mortgages launched in early 2018, aimed at a range of would-be borrowers, from the self-employed to those who earn more than £100,000 a year. Swansea Building Society chief executive Alun Williams says: “We […]

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Equity release consultation paper raises industry heckles

Proposals set out by the Prudential Regulation Authority concerning capital requirements for companies providing equity release mortgages have raised concerns in some industry quarters. In early July the PRA announced a consultation seeking views on how to provide “greater clarity” for insurers and reinsurers when assessing the risk “arising from the no negative equity guarantee”. […]

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Rate rise back on the cards as Carney welcomes data

Expectations for a UK interest rate rise in August hardened after the services sector reported its fastest growth since last October on Wednesday, and were further buoyed by comments made by Bank of England governor Mark Carney in a speech given to the Northern Powerhouse Summit in early July. The IHS Markit CIPS Services Purchasing […]

Government to seek views on property court cases

The UK government plans to launch a call for evidence with the view to making improvements to the experience of using courts and tribunal services in property cases this autumn. The plan was announced in a speech delivered by secretary of state James Brokenshire on 2 July, and confirmed on 11 July in a written response to […]