Ex-policeman jailed for valuation fraud
A conman whose mortgage scam defrauded people all over the country out of thousands of pounds has been jailed for three years at York Crown Court.
BoE is paving the way for restrictions to buy to let – Boulger
The Bank of England comments about buy to let in its latest Financial Stability report reinforce the view that it is itching to have the same powers it has for the residential market, Ray Boulger, senior technical manager at John Charcol writes.
Mortgage broker transaction tool launched
The first mortgage adviser index has been launched for brokers in the UK, matching monthly property transactions to the adviser who completed them.
Barclays boosts loan-to-income criteria
Barclays has made changes to its loan-to-income criteria by lowering the minimum loan amount which qualifies for the enhanced multiple of five times income, from £300,000 to £200,001.
Buy to let could pose risk to financial stability – BoE
Looser lending standards in the buy-to-let sector which allow landlords to gain access to larger mortgages could impact the stability of the UK economy, the Bank of England (BoE) has said.
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Sesame reassures members on profitability plans
Sesame Bankhall Group (SBG) has reassured its members that it is focused on developing a profitable and restructured business which acts in the interests of its mortgage advisers and their customers.
FCA: 20 firms applying for bank authorisation
Some 20 financial organisations are in the pre-application stage for receiving authorisation to operate as a bank in the UK, the Financial Conduct Authority (FCA) has revealed.
AMI blasts FCA disregard for consultation concern
The Financial Conduct Authority (FCA) has failed to listen to any of the arguments offered by the industry on its fee hikes, according to the Association of Mortgage Intermediaries (AMI).
MP calls for watchdog inquiry into Right to Buy
Labour MP John Healey has accused the government of not assessing the financial impact of the Right to Buy policy.
Virgin restricts buy-to-let criteria
Virgin Money has made several changes to its buy-to-let criteria restricting the number of properties allowed and the maximum value of mortgages landlords can hold with the lender.
