THE Financial Services Authority has published aggregate complaints data as well as firm specific complaints date for H1 2011. FSA figures show Barclays have received more complaints than any other banking brand with 251,563 complaints made by UK customers 53% of which were upheld in customer favour. Santander had 168,888 complaints, Lloyds TSB 181,907 and [...]

House prices have dropped by 0.6% in August and the price of an average home is now0.4% lower than a year ago says a report by Nationwide. Nationwide’s chief economist said: UK house price have declined by 0.6% in August this doesn’t change the picture of a relatively stability that has characterised the market over [...]

Prices rise 36% in two years say the latest figures from Knight Frank Prime Central London Sales & Lettings indices index. Sales Index: Prices rise 36% in two years New Instructions rise 20% in 12 months Head of Residential research Liam Bailey said: Stock had risen by 13% but sales is keeping pace with the [...]

House purchase lending in Scotland rose by more than the UK as a whole in the second quarter of 2011 so new data from CML says. 11,300 loans for house purchases worth £1.3b were taken out in the second quarter of 2011 a rise of 36% in number and 42% in volume from first quarter [...]

The housing market will plunge into crisis if the government does not take action and address the chronic under supply of homes. The National Housing Federation said the shortage is hitting home ownership rates and boosting rents. The government said it had made more land available to builders to start building, it is also investing [...]

Whiteaway Laidlaw Bank was acquired by RBS Equity Finance in January of this year subsequent to which it acquired Commercial Firsts new business platform and started originating commercial mortgage business. With common shareholder and senior management team within the two businesses it has for some time appeared the most sensible approach to combine the businesses. [...]

TBMC the buy to let and commercial mortgage specialist has launched two new exclusive buy to let mortgage products with Hinckley and Rugby Building Society. These products are a 2.99% fixed rate until  Oct 2013 up to60% LTV with £2495 completion fee and a 2.99% 2 year discounted rate up to 60% LTV with a [...]

There was little change with problems relating to mortgage repayments a report out from CML states. There was a 7% lower rate in repossession in the first half of 2011 in the latest figures out. The data shows that 9,000 repossessions occurred in the second quarter of the previous year that was lower than the [...]