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No change in CPI and RPI figures for May

The Consumer Prices Index was 4.5% in May, unchanged from April, the Office for National Statistics said. The Retail Prices Index, which includes mortgage interest payments, stayed at 5.2%.

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Tesco’s mortgage project on track

Supermarket giant Tesco says it is on track to launch into the mortgage sector in the coming months. In a Q1 management statement last week, it revealed Tesco Bank increased revenue by 20% in Q1. It says: “The savings and loan platforms have now started operating for new customers. “This will accelerate as we launch […]

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Peter Curran will return to Lloyds’ broker role soon

Peter Curran will shortly return to his previous position as head of intermediary distribution at Lloyds Banking Group following his secondment to Lloyds TSB’s branch network. There had been talk in the industry that Curran’s three-month placement could become permanent. But a spokeswoman says: “An appointment has now been made for the job Curran was […]

High arrangement fees are hardly fair treatment for clients

I’m interested in the continued talk about treating customers fairly, especially in relation to rates. Despite the Bank of England base rate being 0.5%, to secure an advantageous interest rate on a buy-to-let mortgage of 3.99% – which is hardly giving it away – our clients have to pay an arrangement fee of 3%. So, […]

Birthday honour MBE for adviser to Shelter

Carolyn Howell, a specialist adviser at housing charity Shelter, was awarded an MBE in the Queen’s Birthday Honours list for her contribution to the Mortgage Rescue Scheme.

Employees care about their health

It’s important employers remember this like an alarm going off in their head. Employees care about their health. And they’re calling on employers to provide them with health benefits. In a survey we conducted, we asked 1,005 UK SME employees to choose the top three employee benefits they would value most:  48% of employees voted […]

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