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A look back at last week’s most read stories

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  • 04/10/2013
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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) 95% LTV lending from biggest banks imminent; fee details announced for Help to Buy 2
Following the government’s sudden decision to bring the Help to Buy Scheme launch forward three months, major lenders including Halifax and NatWest have confirmed they are set to launch 95% mortgage products imminently.

2) NatWest shuns brokers to launch Help to Buy 2 direct-only
NatWest will only offer Help to Buy mortgage guarantee products through direct channels when the lender launches its range of 95% LTV mortgages later this month.

3) Broker and TV star turned torture porn convict face jail for mortgage fraud
A former TV presenter and his mortgage broker brother have been jailed for their part in a £1.7m mortgage fraud.

4) Personal Touch kicks out 16 Appointed Representative firms
Personal Touch Financial Services contacted 16 of its member firms today to give them early warning their Appointed Representative contracts will be terminated later in the year.

5) Brokers must reveal proc fee details under new EU rules
Mortgage brokers will be forced to offer details of all their procuration fees to clients under new EU mortgage rules, the Financial Conduct Authority has stated.

Here are some stories you may have missed:

Govt brings forward Help to Buy launch date
The second part of the Help to Buy scheme will be available imminently after the Government brought forward the launch date by three months.

Lack of mortgage broker protection sales ‘disgraceful’ – Stockton
Countrywide’s Nigel Stockton has branded the slump in protection sales through mortgage advisers ‘disgraceful’ and warned sales will continue to fall as the mortgage market grows.

Help to Buy acceleration: The industry reacts
David Cameron’s announcement this weekend that applications for the Help to Buy mortgage guarantee scheme could be placed with lenders imminently provoked a mixed reaction from the mortgage industry.

Intermediaries key to Help to Buy success – Halifax
We’re in the midst of political party conference season and they have indeed provided much content for our industry to debate, writes Mike Jones.

Aldermore confirms plans to launch Help to Buy 2 products
Fledgling lender Aldermore has confirmed it plans to take part in the second phase of the Help to Buy scheme.

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