Borrowers’ reliance on historically low mortgage rates is creating a repayment “time bomb” ahead of a tightening in monetary policy, an economist has warned.
The mortgage market has grown by more than a quarter in the last year with first-time buyer and buy-to-let lending at the highest level since 2008, research has found.
Bank of England governor Mark Carney will act to prevent the housing market growing at 'warp speed', and said there are economic tools he can use other than keeping interest rates low.
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Lloyds Banking Group is to sell its remaining 21% stake in St James's Place, netting it a profit of more than £100m.
The mortgage market will hit a five-year gross lending high this year and could advance close to £200bn in 2014, the Council of Mortgage Lenders has forecast.
Dragonfly Property Finance has announced its total lending since launch has passed £750m, with more than a third of that currently on its loan book.
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First-time buyers account for more than eight in ten Help to Buy 2 applications amid a surge of buyer interest, Connells Mortgage Services has reported.
Midlands-based mutual Dudley is set to boost lending plans following its decision to distribute exclusively through mortgage advisers this year.
Virgin Money has become the fourth lender to launch products under the government’s Help to Buy mortgage guarantee scheme.
HSBC is weighing up floating its UK arm, according to reports, ahead of new rules that demand banks ringfence their retail banking operations.
MPs have refused to grant the regulator the power to ban individuals before its investigations into them are completed, due in part to the "serious harm" it could cause small firms.
Here's our news quiz, compiled by Julia Rampen, to help you re-live some of this week's most thought-provoking, quirkiest or just downright bizarre moments on Mortgage Solutions. And don't forget to post your score in the Comments section at the end...
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