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Mortgage sales plummet by £1.8bn in July
Wednesday, 23 August 2017
Mortgage sales for the UK decreased by £1.8 billion in July, down 10.8% on the previous month, according to Equifax Touchstone analysis of the intermediary marketplace. 
LEBC warns parents to consider student debt carefully
Tuesday, 22 August 2017
National IFA, LEBC warns parents wanting to help their children avoid student debt to consider carefully whether this is a sound financial move. Depending on whether the potential earnings of the graduate or the career breaks they take within 30 years of graduating, parents with funds to proffer might spend them better on things like a deposit for a house or a car.
Over a thousand members of The Nottingham to receive cash windfalls
Tuesday, 22 August 2017
Over 1500 members of the Nottingham Building Society (The Nottingham) are to receive a share of a £70,000 ‘cash back’ as a reward for making sound financial decisions earlier this year.  
‘Team Vida’ raises £5,000 for Shelter
Monday, 21 August 2017
A team of eight Vida Homeloans staff members, consisting of David Tweedy, Louisa Sedgwick, Ian Giles, Simon Burnell, Tommy Wight, Plamen Mitkov, Joshua Dines and Dave Whitford, successfully completed the Prudential RideLondon -Surrey100 on 30th July 2017 to raise £5,000 for Shelter.
BLOG: How “Hard Mark” Credit Checks are Quietly Costing Consumers
Monday, 21 August 2017
It is not unreasonable for consumers to assume that they should be able to assess their eligibility for a loan without damaging their future prospects. The majority of lenders perform hard credit checks on customers when applying for a loan, and as a result are hiking the cost of borrowing for the customers they decline. Sarah Jackson, Director at Equiniti Pancredit, highlights the glitch in the system and explores how lenders can use automation to stay on the right side of their customers. 
Mansfield Building Society's later life offer added to AIR Sourcing
Monday, 21 August 2017
Equity Release Club, the distributor for equity release and later life advisers, and AIR Sourcing, the sourcing system for equity release and retirement lending products, have today announced a new relationship with Mansfield Building Society.
Consumer new car finance volumes down by 8% in June
Wednesday, 16 August 2017
New figures released today by the Finance & Leasing Association (FLA) show that point of sale (POS) consumer new car finance business volumes fell by 8% in June, compared with the same month in 2016, while the value of new business was flat over the same period. In the second quarter of 2017 overall, new business fell 7% by value and 16% by volume.
Second charge mortgage market growth continues in June
Wednesday, 16 August 2017
Commenting on the June 2017 new business figures for the second charge mortgage market, Fiona Hoyle, Head of Consumer and Mortgage Finance at the Finance & Leasing Association (FLA), said:  “In June, the second charge mortgage market reported its fourth consecutive month of growth, with new business up 33% by value and 22% by volume. The number of new second charge mortgages in the first half of 2017 was 10,401, 11% higher than in the same period in 2016.
Consumer finance grows by 7% in June
Wednesday, 16 August 2017
New figures released today by the Finance & Leasing Association (FLA) show growth of 7% in consumer finance new business in June, compared with the same month last year, and growth of 4% in the second quarter of 2017 overall.
Staff incentives, remuneration and performance management in consumer credit – FCA Consultation
Wednesday, 16 August 2017
In July, the FCA issued a consultation document ‘Staff Incentives, Remuneration and Performance Management in Consumer Credit’, seeking feedback from the market by October 4th as they move towards formal plans/guidance. It is likely to have a significant impact on both car sales and finance as MotoNovo Finance Motor Division CEO Karl Werner notes:  “The FCA’s announcement, which is set to affect customer facing staff and their managers across all areas of lending and collection activity, is likely to have a significant impact on both car sales and car financing. Overall, we believe that the changes that are likely to be required will help to enhance consumer and perceptions of dealer finance by ensuring their needs are at the forefront of the credit process.  
Comment on UK Finance (CML) trends in lending for June from Richard Pike
Tuesday, 15 August 2017
Richard Pike, Phoebus Software sales and marketing director, says “It appears that the government plans to get more first-time-buyers onto the property ladder are starting to bear fruit.  Activity in this area of the market reached its highest level since November 2006, with 36,000 purchases in the month.  However, where there are winners there are also losers and the buy-to-let market continues to suffer from the same government intervention.  Nonetheless, it is encouraging, given the recent political upheaval, to see people moving again.  
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