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Libor fines fund pays out £9m to armed forces

The Treasury has shared out almost £2.5m raised through Libor rigging fines to armed forces charities, taking the total amount distributed from enforcement fines to the forces to £9m.

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Verso acquires CDS Group assets

Verso Capital, the owner of mortgage data and software company Mortgage 27, has acquired the assets of sourcing system provider CDS Group for an undisclosed sum. Both businesses will form part of a new financial services software division within Verso, which will be headed up by current Mortgage 27 managing director James Tucker and chaired […]

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The importance of advice for women

It has been reported that some women have previously shied away from applying for a mortgage or asking for financial help because of the belief they would be treated unfairly by the industry because of their gender. A review commissioned by the Deputy Prime Minister in fact found no evidence that women are treated differently […]

Rise in equity levels boosts second-stepper affordability but figures down over 10 years

Housing affordability for “second steppers” has improved in the 12 months to June, according to research by Lloyds TSB. In June housing affordability – calculated as the average price of a typical second stepper home less their current equity position – stood at 4.4 times gross annual average earning, an improvement on 4.9 a year […]

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