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Bank of England holds base rate once again

The Bank of England Monetary Policy Committee has voted to keep base rate at a record-low 0.5 per cent for the 77th consecutive month.

The Bank’s base rate has sat at 0.5 per cent since March 2009.

The Bank’s Monetary Policy Committee has also voted to keep the quantitative easing programme at £375bn, a level that has been maintained since July 2012, when it was increased by £50bn.

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Just Bridging Loans hires former Mortgages plc head of sales

Just Bridging Loans has appointed former Mortgages plc head of sales Mark Harrison as its new national sales director. Harrison was previously corporate development manager of sister company Just Cashflow, covering Merseyside, Chester and North Wales. He was sales director for GE Capital between 2008 and 2009 and was head of sales for Mortgages plc […]

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Principality increases mortgage lending

Principality Building Society increased mortgage lending by 1.6 per cent in the first half of 2015. Its interim results, which account for the first six months of the year, show lending increased from £545.5m in H1 2014 to £554.7m in H1 2015. The Wales-based society’s book surpassed £5bn for the first time at the end […]

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Broker found guilty of tax and mortgage fraud

A London mortgage broker who lied about his company’s profits to evade £115,000 in corporation tax has been found guilty of tax and mortgage fraud. HMRC found that Asim Hussain, a director of Lifestyle Mortgages (Middlesex), had diverted company income into other bank accounts to reduce the profits of his company and pay less tax. Hussain […]

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MAS posts £786k loss as chief exec pay hits £180k

The Money Advice Service has reported a loss of £786,000 for the year 2014/15 and handed chief executive Caroline Rookes a £20,000 pay rise. It marks the first time MAS has made a loss since it was launched in 2010. In that time, levy income has more than doubled from an original take of £32m […]

Spring has sprung

Well, it’s been lovely to see a little bit of sunshine, even if it was only a brief appearance. I live in Scotland so, believe me, it was very brief.  Of course, with even the tiniest hint of spring, thoughts turn to the inevitable clearout that must take place.  And that got me to thinking […]

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