Brokers belonging to Stonebridge will become members of the Association of Mortgage Intermediaries ahead of the Mortgage Market Review, the mortgage and insurance network has announced.
Remortgaging activity has grown by 55% on an annual basis in the strongest April for housing market activity since 2007, according to Connells.
The Financial Conduct Authority has warned borrowers about an unregulated mortgage adviser promising self-certified and 100% plus LTV loans.
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Intermediaries let down lenders on interest-only by failing to check thoroughly whether borrowers had a repayment vehicle in place, Auriemma Consulting Group has reported.
First there was the ‘ticking time-bomb’ then the lenders began to withdraw their interest-only products. Now the Financial Conduct Authority has released a report suggesting a third of interest-only borrowers could face significant shortfalls at the end of their term.
Mayfair Bridging has attracted £3.2m of investor lending through the peer-to-peer lending fund launched in February.
Brokers need to be aware of buy-to-let clients attempting to borrow on residential properties by the backdoor, Aldermore’s business development head has warned.
Paragon’s head of sales has defended the right to ask solicitors to 'do their job properly’ at the point of completions.
The average house price of new build property in the UK has increased by 12% over the past five years with the average price now at £233,822.
Interested in commercial mortgages? You’re not alone. Over half of brokers plan to diversify their business into the commercial finance sector in 2013, according to a study released last month.
Mortgage adviser firm John Charcol has reported the proportion of clients using Let to Buy rose by 40% last year.
A“feeding frenzy” of poorly advised overseas property buyers is leading to a glut of new-build properties, London Central Portfolio has warned.
Four-fifths of homeowners want more help for new lenders attempting to enter the mortgage market, according to a poll by Castle Trust.
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