This week’s top five stories:
1) Barclays settles £12.7m mortgage fraud case against advisers
A high court case involving a number of firms including Barclays Bank and Savills Private Finance has been settled out of court.
2) Halifax to refund valuation costs for failed house purchases
Halifax is to start refunding valuation costs to mortgage applicants, if their home purchase falls through for reasons beyond their control.
3) The AMI Annual Dinner 2012 – photos of the night
Last week’s Association of Mortgage Intermediary’s annual dinner went off in style in the heart of the City. See who was there on the night.
4) Will the supermarkets sweep up on mortgages?
As Marks and Spencer moves into the banking sector, Adam Williams asks is this now a natural step for retailers?
5) ‘Done…for you big boy’: The Barclays LIBOR emails
The Financial Services Authority (FSA) has released a host of communications showing traders’ attempts to influence LIBOR submissions, after earlier fining Barclays £59.5m.
Here’s some stories you may have missed:
Metro Bank to pilot selling mortgages through brokers
Metro Bank is set to start offering mortgages through intermediary channels as it looks to expand its business in the south east.
FSA strips permissions from mortgage broker
The Financial Services Authority (FSA) has removed all permissions from a mortgage adviser who continued to advise customers despite not being properly regulated.
New balls, please! The quest for better service
As Wimbledon arrives once more, all of a sudden everything is all about service.
Building societies offer greater flexibility than banks
Building societies are outmanoeuvring banks by offering better flexibility to mortgage customers.
Remortgage “freebies” in steep decline
The number of lenders offering free perks to their remortgage customers has fallen sharply in the last four years.
Tweets of the week:
Andy Wilson FS @AndyWilsonFS
Now, how to decide which £49 of @StaplesUK products to buy that I don’t actually need in order to qualify for my free model helicopter hmmm
Willard Foxton @WillardFoxton
You think Bob Diamond looks good for sixty, but he’s just had someone in the back office adjust his age down by 4.67 basis points.
Laura Kuenssberg @ITVLauraK
Not sure RBS doing themselves many favours by describing some firms who feel they were mis-sold swaps as ‘less sophisticated customers’.
