Equity Release lending tumbles 29% in Q1: ERC   

By: ameer@trustedteam.com

The number of equity release borrowers tumbled by 29% to 16,691 in the first three months of the year from 12 months ago, Equity Release Council data shows.   Total...

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There are three ways out of the First Republic mess. All have downsides.

By: ameer@trustedteam.com

Shares in First Republic are down 95% this year. If the bank survives, it will be smaller, and it will post little, if any, profits for some time, analysts...

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Insurance Watch: The (underwriting) truth is out there 

By: ameer@trustedteam.com

I speak to lots of advisers and attend lots of forums where protection underwriting concerns are raised. These include: ‘Insurers need to be more transparent about the underwriting decisions they make.’ ‘Insurers need...

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Rents rise to new record despite slowed growth: Rightmove

By: ameer@trustedteam.com

Rents have risen for the thirteenth quarter in a row to a new record of £1,190 per month outside London, according to the latest Rightmove Rental Trends Tracker. While this...

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Equity Release loans slump 29% in Q1: ERC   

By: ameer@trustedteam.com

The number of equity release borrowers tumbled by 29% to 16,691 in the first three months of the year from 12 months ago, Equity Release Council data shows.   ...

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LendInvest to grow BTL thanks to new funding partners

By: ameer@trustedteam.com

LendInvest has welcomed Wells Fargo as a new funding partner for the business in a £200m financing syndicate with National Australia Bank (NAB). The combined investment will support the...

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Co-op Bank releases first quarter trading update

By: ameer@trustedteam.com

The Co-operative Bank has released its first quarter trading update for 2023, recording a profit of £30.6m and underlying profit of £35.1m. ...

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NatWest mortgage lending lifts 4.4% to £9.5bn  

By: ameer@trustedteam.com

NatWest posted a first-quarter pre-tax operating profit jump of 49% to £1.8bn on a year ago, including a rise in mortgage lending to £9.5bn.   ...

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Barclays Q1 profit lifts, mortgage business slips  

By: ameer@trustedteam.com

Barclays profit lifted 27% to £1.8bn in the first three months of the year, but added that its mortgage business was lower due to “margin compression”.   The high street...

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Taylor Wimpey expects stronger second half after tough Q1

By: ameer@trustedteam.com

UK housebuilder Taylor Wimpey reveals that its net private sales rate for the year to 23 April was 0.75, versus 0.97 a year earlier, with a cancellation rate of...

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