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FCA to ban 'loyalty bonus' volume overrides for second charge brokers

Mortgage Solutions | 30 Sep 2014

Second charge lenders will be banned from paying brokers volume overrides or ‘loyalty bonuses', when the Mortgage Credit Directive (MCD) rules become law in March 2016.

Banned stamp

NatWest to hike broker fees on completions

From tomorrow, NatWest Intermediary Solutions will increase procuration fees for residential mortgage adviser completions.

Mortgage Solutions | 30 Sep 2014
Boris Johnson at the Wayra Academy in London

Boris Johnson targets brownfield housing developments

London mayor Boris Johnson has reiterated plans to build on brownfield sites in London in his speech to the Conservative party conference.

Mortgage Solutions | 30 Sep 2014

Other News articles

A man's hands sticking through prison bars

Accountant jailed for £2.3m 'Ponzi' scheme

An accountant has been sentenced to six years in prison after he was found guilty of running a £2.3m ‘Ponzi' scheme.

Mortgage Solutions | 30 Sep 2014

Seven advice firms confirmed in default by FSCS

Seven advice firms have been declared in default by the Financial Services Compensation Scheme (FSCS).

Mortgage Solutions | 30 Sep 2014
Golfing actuaries

Complete FS to raise charity cash with 'alternative Ryder Cup’

Complete FS is to host an alternative mortgage industry Ryder Cup competition to raise money for the Alzheimer’s Society.

Mortgage Solutions | 30 Sep 2014

UK Q2 GDP revised up to 0.9%

The Office for National Statistics has revised second quarter growth figures in the UK up from 0.8% to 0.9% in its final estimate.

Mortgage Solutions | 30 Sep 2014

Housing market growth slows after 16 months of price rises

The housing market cooled in September halting 16 months of growth as prices fell by 0.2%, figures from the Nationwide House Price Index revealed.

Mortgage Solutions | 30 Sep 2014

RBS makes ‘good progress' after MMR implementation

The Royal Bank of Scotland says it has made ‘good progress’ since the implementation of the Mortgage Market Review (MMR) in April.

Mortgage Solutions | 30 Sep 2014

Embattled Tesco builds £2.5bn war chest

Tesco has created £2.5bn in credit reserves as senior management seek to deal with a £250m accounting error, falling shares, and the potential for ratings downgrades.

Mortgage Solutions | 30 Sep 2014

MAS apologises to PFS over adviser ethics comments

The Money Advice Service (MAS) has issued an apology to members of the Personal Finance Society (PFS) after seemingly questioning adviser ethics in a speech earlier this month.

Mortgage Solutions | 30 Sep 2014

Lloyds fires eight staff over Libor

Eight staff members have been dismissed by Lloyds following an investigation into the Libor rate fixing scandal that saw the bank fined £218m.

Mortgage Solutions | 29 Sep 2014

Impact of MCD equity release proposal divides industry

Equity release experts are divided over proposals to redefine a lifetime mortgage which could result in vulnerable borrowers failing to receive specialist advice.

Mortgage Solutions | 29 Sep 2014

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British New Homes Mortgage Senate

16 Oct 2014

London, UK

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The Mortgage and Protection Event

17 Nov 2014

Birmingham, Manchester, Newcastle, UK