Emma Simon

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FCA warns about growing ‘loan fee’ fraud

  The Financial Services Authority has issued a public warning after consumers lost £3.5m in fraudulent loan applications last year. The regulator says it has seen a big increase in this type of fraud, with the number of people complaints about such scams rising by 44 per cent from 2016 to 2017. These scams  typically […]

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News analysis: House price indices don’t add up

Significant differences between property indices serve only to muddy the waters as they make it very difficult to establish what the market trends really are The glut of different house price indices is creating confusion rather than clarity about the state of the property market, say experts. In recent months, two of the main property […]

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L&G appoint new product director

  Legal & General has appointed Mark Jones to the role of product director of UK protection, within its insurance division. Jones joins from Sun Life. He will be responsible for the developer of both retail and group protection products, and will report into the managing director for UK protection, Steve Griffiths. Griffith says:  “We […]

Aldermore revamps buy-to-let range

Specialist lender Aldermore has re-vamped its buy-to-let mortgage range, lowering rates for company landlords, reducing early repayment charges and introducing new fee-free options. The new rates for company landlords will now be aligned to the buy-to-let deals offered to individuals. These will be effective from 23 April. Aldermore is also reducing rates for multi-unit freehold […]

Government calls for new rules to protect tenants

The Residential Landlords Association has welcomed a government report that calls for more action from local authorities to address low standards in the private rented sector. The Housing, Communities and Local Government Select Committee has published a number of recommendations on ways to drive up standards in the private rented sector. The report calls for […]

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Lloyds closes 49 branches, cuts 305 roles

  Lloyds Banking Group is closing a further 49 branches which will result in the loss of 305 jobs. In total more than 1,230 jobs will disappear from its branch network and central office. But the UK’s largest bank says it is also creating 925 new roles and existing employee will be encouraged to apply […]

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Landlords looking to expand portfolios, despite BTL tax squeeze

Four out of 10 portfolio landlords are planning to expand their buy-to-let holdings over the next year, according to a new report from Aldermore. Although there is less appetite for expansion among those with fewer than four buy-to-lets,  around one in six of these landlords  (17 per cent) say they are planning to add to […]

Mortgage lending hits new highs in February: UK Finance

The housing market enjoyed its busiest February for a decade with 50,000 mortgages completed for house purchase during the month. This is the highest level since February 2007 according to the latest figures from UK Finance. UK Finance’s monthly lending report paints a more optimistic picture of the mortgage market, with lending for first-time buyers, […]