This week’s top five stories:
1) Mortgage adviser jailed for running brothel
A mortgage adviser and his partner have been jailed for 12 months after police raided a brothel run by the pair in Standish, Wigan.
2) BSA Live: Interest-only will rise again – FSA
The interest-only market is not dead, but merely going through a “transitional phase,” insisted the Financial Conduct Authority’s Martin Wheatley.
3) Eurozone break-up increasingly likely
Nearly fifty per cent (46%) of private investors expect to see two or more member states leave the euro area over the coming 12 months, according to Lloyds TSB International Wealth.
4) Exclusive: MAB signs 29 ARs to new-build network
The Mortgage Advice Bureau New Homes Network is set to induct 11 new members next week, joining the 18 ARs previously at Mortgage Talk, bringing its membership to 29.
5) Will fortune favour the DA?
David Copland CEO of Pink Home Loans says in a cyclical market, the AR route is currently the most popular.
Here’s some stories you may have missed:
FSA bans and fines Scottish adviser £335,204 for insurance fraud
The Financial Services Authority (FSA) has fined Donald McKee Morgan £335,204 for committing insurance fraud.
Capital most mixed picture for debt in UK
London has the most complex personal debt problem in the UK, according to a new report from national debt charity Consumer Credit Counselling Service (CCCS).
Housing market ‘crucial’ to UK recovery – Countrywide
Countrywide’s boss told a conference the housing market will drive the UK’s return to economic growth, but advised government to direct more funding to the sector.
Tweets of the week:
David Rowley @pensionsrowley
Three highly commended for FT institutional pensions team at Headline Money awards. A great night out, but no cigar.
Robert Peston @Peston
Slowdown in Chinese exports & imports is of global significance – as is the bounce in trade surplus to $18.4bn. Worrying if not anomaly.
Helen Loveless @HelenLoveless
Claire Balding at Headlinemoney is wonderful. Despite the rude people talking. And she’s rather gorgeous too.
