With inflation at its lowest level since September 2009, and possibly set to fall further, the Bank of England is now under less pressure than previously to raise rates to curb prices.
The loan-to-income ratio was formally implemented on October 1. Following its announcement in June lenders were told to employ the spirit of the cap immediately.
HSBC will begin distributing mortgages through intermediaries from 6 October through Countrywide Mortgage Services.
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It seems the government loves to recycle its '.. to buy' series and this time tenants have become the focal point of the scheme.
The Financial Conduct Authority (FCA) has published its consultation paper "Implementation of the Mortgage Credit Directive and the new regime for second charge mortgages".
Equity release lifetime mortgages are to remain exempt from the Mortgage Credit Directive (MCD) owing to their unique servicing feature which allows borrowers to indefinitely defer monthly payments.
Charging clients fees for advice on retail investments became a reality for IFAs in 2012 under the Retail Distribution Review which placed a ban on commission being paid by investment providers.
As we approach the final quarter of 2014 the country is faced with much economic uncertainty.
June saw the end of a long battle by the Solicitors Regulation Authority (SRA) to bring seven Cheshire-based conveyancers to justice after fraudulent activity resulting in client compensation pay outs of £13m.
The Treasury's U-turn on the regulation of buy-to-let mortgages will see ‘accidental landlords' swept into the same regime as residential property owners.
With the arrival of the Mortgage Market Review, so came the dawn of the execution-only sale, the replacement for non-advised mortgages.
Employment figures from the Office of National Statistics released this month revealed an increase of people in work, largely driven by the self-employed sector.
Following the Financial Conduct Authority's decision to ban IFA network Financial Limited from recruiting any more advisers due to supervision failings, NatWest stopped accepting business from all network brokers.
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