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Rear View: The highlights of this week’s mortgage coverage

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  • 20/01/2012
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Rear View: The highlights of this week’s mortgage coverage
In case you missed anything, here is a rundown of the biggest stories from this week.

Fee menus

On Monday, consumer focus group Which? said IFAs around the country are charging vastly different fees for the same work and should be forced to publish transparent fee menus.

BTL boost

Abbey for Intermediaries (AFI) boosted its buy-to-let range with the launch of four new loans and rate cuts of up to 0.20% on existing products.

Exit door

The number of mortgage broker firms leaving the industry has slowed significantly in the final quarter of 2011, compared to the dramatic falls recorded in the previous two years, the FSA found.

HSBC slammed

HSBC had a tough time this week after high street solicitors slammed its decision to use conveyancers from a restricted panel, arguing that the panel will result in increased costs and delays for consumers.

Major growth

Things are looking up for the self-build market. According to datamonitor, self-build mortgage advances will grow by 141% over the next three years, from £790m to £1.9bn by 2015.

Shapps’ policy

On Wednesday, we reported how the government plans to introduce a raft of housing measures for the elderly to help them cope in their homes or rent the property, with no reference to the equity release market.

Protection on price

Bright Grey’s Roger Edwards tells us what the protection industry can learn from the spending habits and the trends in the retail sector.

Asda eyes mortgages

Asda is believed to be considering a launch into mortgages after registering an ‘Asda Money’ trademark, which covers mortgage lending.

Head to head

This week, two industry heavyweights went head to head to debate whether equity release is a fair deal or a rip-off.

Third phase

Yorkshire’s Jeremy Law tells brokers what to expect from the third phase of the building society’s cautious move back into the buy-to-let sector with reporter Simret Samra.

 

And finally…top tweets

 

Mark Dyason

With Wikipedia blacked out for 24 hours, thank god we still have politicians about to make things up as they go along

BBCJonSopel

So my daughter’s Manchester Uni book fines are paid off, along with everyone else’s. The word is Mario Balotelli paid up. Gotta love him!

buyingagent

15 mins early for viewing in Sloane Street. All the £3,000 handbags and Chihuahuas you could desire but you try buying a pasty.

Mortgage_Stu 

The worst response you can ever get from a mortgage lender is…..’Don’t know’…

Thank you from the Mortgage Solutions team for all your comments

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