Leeds Building Society has introduced two and five year fixed-rate deals aimed at the interest-only market.
Brokers challenged the Financial Conduct Regulation’s (FCA) Lynda Blackwell over her statement that she hoped ‘common sense will prevail’ among lenders choosing to use pension contributions in affordability assessments.
Website ‘We Buy Any House’ has been censured by the Advertising Standards Agency (ASA) for misrepresenting itself as an alternative to an estate agent while acting in a similar way.
Barclays’ director of mortgages Craig Calder has challenged the regulator’s view that pensions are a flexible expense when calculating mortgage affordability, stating it was ‘not prudent lending’.
Brokers were warned by the Financial Conduct Authority (FCA) not to cut corners as demand for advice services have grown in the post-Mortgage Market Review (MMR) market.
There will be a lot of new specialist lenders coming into the market in the next 12 months, said Castle Trust.
The price of property coming onto the market fell by 1.7% to mid-November according to today’s report from the Rightmove House Price Index.
As a result of a thematic review, the FCA will be consulting on possible changes to its dispute resolution rules later this year.
A fraud ring of seven people obtained £1.5m of mortgages by inflating property prices of business and residential properties in the Coleraine area of Northern Ireland.
At last week’s Legal & General Mortgage Club conference Martin Noone, managing director of the network, told members they needed to look beyond the sole advice model.
Have a great weekend from all the Mortgage Solutions team