Mortgage market review (mmr)
Christmas has come early, says Sally Laker, MD of Mortgage Intelligence, but the best gift of rising remortgage business still hasn't arrived
The number of first-time buyer UK house completions increased year-on-year in September, defying trends of a slowdown in the market.
Research from the Intermediary Mortgage Lenders Association (IMLA) revealed both lenders and brokers were feeling less confident about improvements in the market than at the start of the year.
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Mortgage lenders have come under attack by the House of Lords for discriminating against older borrowers by placing age restrictions on their homeloans.
FCA policy boss Lynda Blackwell is set to hit the road to Birmingham, Manchester and Newcastle with Mortgage Solutions' Mortgage and Protection Event.
If you wanted a finer example of the impact that regulation has had on the mortgage market - in particular the MMR - then you will find no better one than HSBC's recently announced decision to begin lending through mortgage advisers.
As the housing market continues its upward trajectory, the buy-to-let market is quietly outperforming the residential market in terms of year on year growth during 2014.
The impact of the Mortgage Market Review and other restrictions on residential lending have proved a boon to buy-to-let lenders, Nationwide’s Gary Salter has said.
Quarterly house price growth continued to slow in September, dampened in part by the prospect of an imminent rate rise, said Nationwide.
Some 88% of mortgages were taken out on a fixed rate basis in the first quarter of the year, statistics from the Financial Conduct Authority have shown.
The availability of mortgage finance ‘fell significantly’ over the summer, according to the Bank of England’s latest credit conditions survey.
With the EU mortgage credit directive now on the horizon, TMA marketing manager Lauren Bagley looks at the compliance options available for directly authorised brokers.
Seven out of 10 mortgage brokers (72%) believe the impact of the Mortgage Market Review (MMR) has made lenders too risk averse, a market survey has found.
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