Owners of a US near prime mortgage lender, Carrington Mortgage Services, has purchased a Scottish residential mortgage brokerage with future plans to expand across the UK.
Gross mortgage advances reached £51.5bn in quarter four last year, the highest amount advanced in a quarter since Q3 2008.
Bank of England governor Mark Carney has said rates could be as high as 3% over the medium term to 2017, endorsing comments made by colleague Charles Bean earlier this week.
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Peter Izard is to leave his role as head of mortgages at Saffron Building Society, the Essex-based mutual has confirmed.
Half the mortgage industry is anticipating the early withdrawal of the government’s Help to Buy scheme, research from the Intermediary Mortgage Lenders Association has shown.
The chief executive of beleaguered Co-operative Group has offered his resignation after details of his £3.7m pay packet emerged.
Stephen Smith, director of mortgage club and housing at L&G, said as the buy to let market continues to rise, he sees no danger that shoddy lending practices will trouble the market again.
New limits on pensions tax relief, a boost for VCTs, and a simplification capital gains tax law are some of the likely headlines from next week’s Budget, according to Brewin Dolphin.
Tory pressure group Renewal has proposed scrapping the 40p higher rate of income tax and replacing it with a 45p rate for some earners.
The chief executive of the crisis hit Co-operative Group has been criticised for taking home almost £3.7m in pay last year.
The Chancellor must reform the stamp duty regime to help people get a foot on the property ladder, the Association of Chartered Certified Accountants (ACCA) has said.
A former BDM with Yorkshire Building Society and BM Solutions has seen his first book hit the top 200 of the Amazon Kindle chart.
Cirencester Friendly has revealed it paid out 94% of claims in 2013 maintaining the same pay out rate as 2012.
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