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Remortgage lending fell 11 per cent in February, down from £2.9bn in January to £2.6bn, according to conveyancing firm LMS.
Kent Reliance has launched a 95 per cent loan-to-value mortgage aimed at second steppers, which it is calling the next time buyer mortgage. The loan is a five-year fixed rate at 5.29 per cent and is available to employed and self-employed professionals who require a loan between £300,000 and £1m. To qualify for the product, […]
The Financial Ombudsman Service has added an additional £3m to its final annual budget for 2013/14 since it consulted in January, bringing the total to £283.6m. The figure represents a 93 per cent increase on this year’s £147.2m budget. The FOS published its final plan and budget for 2013/14 last week, following the consultation in […]
First Complete has introduced a new notification system which alerts members when a client misses a payment on their protection policy. The information provided will be a composite of when a payment was missed, the arrears due, the requirements needed to reinstate the policy and the amount and date of commission clawback should the clients’ […]
The Pensions Regulator (TPR) has issued its first fines to employers for failing to meet their auto-enrolment duties, along with 163 compliance notices giving employers a deadline to take action.
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