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A look back at last week’s most read stories

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  • 23/11/2012
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A look back at last week’s most read stories
Each Friday, Mortgage Solutions rounds up the most popular articles on the website over the past week.

This week’s top five stories:

1) Abbey relaxes interest-only and BTL lending policy
Abbey for Intermediaries is to open up its interest-only mortgage policy by offering part interest-only and part repayment loans up to 75% LTV, available from tomorrow.

2) The changes brokers need to implement post-MMR – Nationwide
The time to question the FSA’s policy is over, we have all had a fair crack at the whip and have all been listened to and dismissed in equal measure.

3) HMRC taskforce to tackle buy-to-let tax cheats
HM Revenue & Customs (HMRC) is to launch a taskforce to clamp down on tax fraud in the rental sector in the South East of England.

4) 7,000 brokers hit as Google closes Finance Leads Online
Lead generation service Finance Leads Online is to close down in early 2013, following a decision by its parent company Google.

5) Abbey to launch broker-exclusive 1.99% fix
Abbey for Intermediaries is to launch a two-year fix at 1.99% exclusively to brokers, available from tomorrow.

Some stories you may have missed this week:

Hunting down the high LTV deals
With big lender brands restricting their mortgage borrowing to an increasingly small pool of borrowers, Adam Williams looks at some of the alternatives in the market for high LTV mortgages.

Marketwatch: Are lenders’ demands putting off brokers?
At the Mortgage Business Expo, Tenet Lime’s managing director Gemma Harle said brokers will become increasingly averse to certain lenders if the quest for quality continues to bring high levels of rejected cases.

Fraudulent IFA jailed for conning 93-year-old
A financial adviser from Henley-on-Thames has been jailed for 14 months after stealing from an elderly woman.

HMRC fails to halt £10bn of tax avoidance schemes
HM Revenue & Customs (HMRC) has failed to halt the widespread use of “highly contrived” tax avoidance schemes, according to a National Audit Office (NAO) report.

Beware buyers promising quick sales, FSA warns struggling sellers
The regulator has warned consumers in arrears or about to be repossessed not to succumb to property fraud to get a quick, below market value sale for their property.

Tweets of the week:

Dean Mason ‏@MasonsFinancial
Always rewarding helping out people at my monthly #CAB finance clinic in cheshunt.

Lea Karasavvas ‏@Mortgage_Mind
Great stuff from Abbey this week. Really encouraging to see a relaxing of the interest only policy and phenomenal rates. Well played Abbey.

Dale Jannels ‏@DaleJannels
Thrilled to pass ‘Supervising in a Regulated Environment’ exam today! That’s a CeSRE after the name! Got CeRCC two weeks ago too! Wahooo!

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