Oct 22, 2024 · Previously, the bank was ordered into three broad geographical units covering the Americas, Asia as well as Europe and the Middle East. The move is the first major decision taken by Georges Elhedery (pictured) who replaced Noel Quinn as group chief executive last month.

Nov 29, 2024 · The business was co-founded by Richard Dana, Eddie Ross and Geoff Wright in 2020 and employs 85 staff. It has access to over 100 lenders and 10,000 home loan products as well as 25 bespoke schemes, such as a specialist range of …

Dec 23, 2024 · The increase in lending will be underpinned by lower interest rates and a rise in demand for remortgaging as affordability pressures ease. In terms of affordability, the average new borrower currently spends around 15.5% of their income on mortgage interest.

Jan 13, 2020 · Money laundering and fraud cost UK businesses, citizens and the government more than £100 billion a year, according to the National Crime Agency.The effects can have a devastating impact on ordinary people as well as businesses and the government.

Jan 10, 2025 · Despite market concerns about gilt yields rising, there was relatively little change in mortgage pricing this week. The cost of the average two-year and three-year fixed rate mortgage fell slightly — down 1 and 2bps per respectively according to Moneyfacts data. However its figures show that the ...

Dec 19, 2024 · He added: “The news might trigger some negative responses, particularly among property buyers holding out hope for lower mortgage rates. However, Governor Bailey has strongly indicated that the base rate could be cut by 1% across the next 12 months, which will likely result in a significant surge in buyer demand and market activity in the new year.

Jan 3, 2025 · While the latest analysis from Yorkshire Building Society supports this view, according to YBS’s group economist Max Shepherd, the Government’s Budget changes to stamp duty land rax rules could potentially trigger a surge in completions in the first quarter of the year as first-time buyers and home movers rush to try to secure their homes before the Stamp Duty change increases the cost of ...

Jan 8, 2025 · While overall application volumes remained steady, professional landlords displayed a clear appetite for diversification. As a proportion of all applications submitted, semi-commercial purchase applications rose by 31% year-on-year, while commercial property purchases increased by …

Jan 8, 2025 · It adds that the wider national picture shows that “rental yields were broadly static compared to a year ago”. The North East continues to lead the average rental yield table at 9.3% with Yorkshire & Humberside moving up to second place with 8.6%, above the North West with 8.3%, which slips to third spot.

Jan 9, 2025 · A jump in the use of brokers for home loans between 2013 and 2020 coincided with more households choosing short-term fixed mortgages of between two and five years, says a BoE research paper.