The five best read stories of last week:
How to make yourself ASU mis-sales proof
Landlords struggling with tightening interest-only market
Mortgage fraudster ordered to pay £22k or face jail
A round up of last week’s key stories
Broker Street
In his latest blog for Mortgage Solutions, Lea Karasavvas tells brokers they should be proud of what they do.
Shapps Spoof
He’s an “honest-to-god housing minister” but a “homeboy by nature” – welcome to Grant Shapps’ fake Twitter feed.
Caught out
A mortgage fraudster who “benefited” by £507,939 from criminal activities has been ordered to pay an extra £22,000 in proceeds of crime.
Keystone Launch
In a Mortgage Solutions exclusive, Mortgages for Business’ David Whittaker discusses funding plans, competition and his expectations for new product range for new lender Keystone.
Mis-sales proof
Berkely Alexander’s Geoff Hall explores the shockwaves of the PPI mis-selling scandal involving banks and loan companies and covers approaching the ASU sale process with no misgivings.
Interest-only cut
ING Direct has become the latest lender to cut its maximum Loan to Value (LTV) on interest-only lending from 75% to 50%.
Placing cases
In the latest Mortgage Solutions poll, 92% of brokers admitted facing difficulty placing interest-only cases.