Mortgages

Our weekly heads-up on events, people moves and other bits for professional financial advisers...

Investec has agreed to sell its UK mortgage business Kensington to private equity firms Blackstone and TPG Special Situations Partners for £180m.

Professional Adviser asked Ryan Butcher, a 16-year-old on work experience and with dreams of working in journalism, to share his thoughts from a week (a Bank Holiday 'week', admittedly) on the PA reporting team...

West Bromwich Building Society sales and marketing director Richard Hopwood has left the business following a restructure of its executive team.

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Bank of Scotland has been unfairly double billing customers who fell behind on their mortgages, a High Court judge in Belfast has ruled.

The Bank of England won't be pressured into hiking the base rate quickly because inflation is likely to remain relatively low, according to economist David Miles.

Annuity provider Partnership has signed an investment management agreement with Rothschild to invest £150m in commercial mortgages as it announced a significant fall in annuity sales.

Legal & General (L&G) is considering launching lifetime mortgages as more retirees eye equity release to fund their income.

Our weekly heads-up on events, jobs and other bits for professional financial advisers...