Mortgage News
Last week’s most read on Mortgage Solutions – 16/10/2015
Every Friday, Mortgage Solutions rounds up the most popular stories on the site over the past five days.
Who is the fastest lender off the lights?
The key to fast processing is all about the start of the race, writes Lea Karasavvas, managing director, Prolific Finance. But who is winning the race?
Natwest to tighten loan-to-income criteria
Natwest is decreasing the loan to income (LTI) maximum on mortgages with a loan-to-value (LTV) of 85% and lower from 4.99 times income to 4.49 times.
FCA: Getting ready for the MCD
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Mortgage regulation is changing as a result of the European Mortgage Credit Directive (MCD) and firms are beginning to implement the required changes now. Philip Salter, director of retail lending at the Financial Conduct Authority, writes about the changes exclusively for Mortgage Solutions.
Intermediary market share adds to lender pressures
Lenders have suggested that the increased market share of broker-intermediated mortgages has ramped up the pressure to offer more competitive rates, Bank of England findings show.
Esther Dijkstra to step into Curran’s role at Lloyds Banking Group
Lloyds Banking Group has confirmed that Esther Dijkstra will be the new director of strategic partnerships from 1 December.
Here’s some more you may have missed…
Finalists announced for the 2015 Equity Release Awards
The waiting is over. Here are all the nominees for the 2015 Equity Release Awards.
Masthaven reveals mortgage plans and bank licence application
Masthaven Finance has revealed it has applied for a banking licence and plans to offer specialist mortgages and savings products by the summer next year.
Flurry of MCD start dates revealed by lenders
A further spate of lenders have announced their plans for the Mortgage Credit Dierctive (MCD) and dates from when the rules will be adopted.
FCA review into mortgage market competition ‘unfortunate’
The Financial Conduct Authority’s (FCA) decision to form a review into barriers to competition in the mortgage market has been unfortunately timed and may not create any real solutions, commentators say.
Competition winner: The case of Alpaca mistaken identity
Last month, Mortgage Solutions in partnership with specialist distributor TFC Homeloans, asked readers to let us know the strangest underwriting requests they’ve ever received from a lender. We reveal the winner of the Fortum and Mason hamper for an entry about the mistaken identity of a client and her Alpaca.