Last week’s top five stories
The chief financial officer of insurer Zurich Group was found dead at his home yesterday morning.
2) The adviser fightback against estate agent blackmail – Marketwatch
What can the industry do to prevent rogue estate agents bullying house buyers into using their in-house mortgage brokers?
3) Ex-England boss Eriksson claims adviser lost him £10m
Sven-Goran Eriksson, the former England football manager, has hit out at the adviser who he claims cost him £10m, labeling him the “only person on earth I hate.”
4) FCA guidance criticises lenders forcing borrowers off interest-only
In final interest-only lending and borrower guidance from the FCA out this morning, lenders have been warned off unilaterally moving borrowers on to repayment mortgages without the customer’s permission.
5) BoE will curb mortgage lending if bubble looms – Carney
The Bank of England will intervene in banks and building societies’ mortgage lending if they appear to be stoking a house price bubble, its governor has warned.
Here’s some stories you may have missed:
Adviser triumphs with Money Boomerang ad ban
A regulator has told Money Boomerang to remove exaggerated pay out claims from its adverts for mortgage mis-selling claims.
Co-op Bank faces £709m loss; boosts mortgage lending
The Co-operative Bank accelerated mortgage lending in 2013 despite toxic loans delivering a half a billion pound hit to the group’s balance sheet.
Skipton builds on flat lending criteria
Skipton Building Society has expanded its criteria to include purchase flats over five storeys in height.
MMR will fuel lending through intermediaries – L&G
Advisers will see more business as a result of the Mortgage Market Review, according to a Legal & General Network boss.
Sesame quadruples losses as Keydata fine bites
Sesame, the adviser network arm of Sesame Bankhall group, has reported a loss for 2012 of £9.3m – four times its losses in 2011 – as a provision for a regulatory fine took its toll.
