Author Archives: gareth
Buy to let second charge loans up by 40%
Buy-to-let second charge lending has increased by 40% in the first half of 2012 compared to 2011, according to figures from Blemain Finance. The specialist lender has seen a steady increase in the number of buy-to-let second charge cases …
Posted in Secured Loans
Tagged Blemain Finance, buy to let, Gary Bailey, second charge
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Which? slams new payday lending rules
A new code of practice for payday lenders has been agreed by the financial sector to provide greater protection to vulnerable consumers, but consumer champion Which? believes it does not go far enough. Payday lenders must now ensure that …
Limited Edition buy-to-let remortgage deals from Aldermore
Aldermore Residential Mortgages is today launching a range of Limited Edition Buy-to-let remortgage deals: Market leading* 5 year fixed rates – at 4.78% to 65% LTV, 4.98% to 75% LTV or 5.88% to 80% LTV Term variable rate …
Posted in Mortgages
Tagged Aldermore Bank, Aldermore Residential Mortgages, buy to let, Charles Haresnape
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FSA fines insurance broker £472,000
The Financial Services Authority (FSA) today banned and fined a former commercial insurance broker who used clients’ insurance premiums to fund his business. Stephen Goodwin, a former partner of Goodwin Best in Bury, Lancashire, has been fined £471,846 for …
CHL achieves NSAFS employer accreditation
Specialist lender, CHL Mortgages, has today (24th July 2012) announced it has been independently assessed for its training and received the Accreditation of Employer Training from the National Skills Academy for Financial Services (NSAFS). The NSAFS Accreditation Scheme was …
Seven banks to review business loan sales
The Financial Services Authority (FSA) has announced that seven additional banks have volunteered to review their sales of interest rate hedging products to small and medium sized businesses. Allied Irish Bank (UK), Bank of Ireland, Clydesdale and Yorkshire banks …
£730m paid out in PPI redress in May
The FSA has announced it’s latest monthly update on the amount of payment protection insurance (PPI) refunds and compensation that are paid to customers who were mis-sold a PPI policy In May 2012, £730.5 million was paid out to customers …
Spotlight: Shawbrook Bank
Shawbrook is a new savings and lending bank who specialise in the savings and lending markets where they have solid experience and knowledge. Shawbrook give their customers a straightforward, no-nonsense alternative to the high street. And they combine traditional …
Posted in Spotlight
Tagged secured loans, securedloandirectory.co.uk, Shawbrook Bank, Spotlight
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New power strengthens consumer credit protection
A new power to help clamp down on rogue companies that provide goods or services on credit, lend money, collect debts or help people with debt problems was announced today by Consumer Affairs Minister Norman Lamb and the Financial …
Broker banned by FSA
The Financial Services Authority (FSA) has banned a mortgage broker following his role in a multi-million pound fraud, for which he was sentenced earlier this year. Brian Lambert, a former director at Talk Mortgage Services, is prohibited from performing …
Posted in Regulation
Tagged Brian Lambert, FSA, Michael Robinson, mortgage broker, Talk Mortgage Services
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