This week’s top five stories:
1) Technical issue hits Santander on MMR switchover day
Some brokers using Santander for Intermediaries’ online systems have been left unable to access their accounts following MMR-related changes.
2) Early redemption penalties set for a shake-up – LSL
Recently I looked at the impact of early redemption penalties in dissuading people from taking out the longer term fixed rate mortgages that might be most suitable for borrowers and the economy, writes David Copland.
3) FCA warns adviser firms to be clearer on charges
The Financial Conduct Authority (FCA) has warned adviser firms are not being clear enough to customers about the services they offer and the fees they charge.
4) Unfair for brokers to blame ‘slowlicitors’ – Broker Conveyancing
I’ve never really been interested in playing ‘the blame game’ when it comes to determining who might be responsible for delays in the property purchasing process, writes Harpal Singh.
5) Post Office unveils Help to Buy fixed rates
The Post Office has launched two fixed rate products using the government’s Help to Buy mortgage guarantee scheme allowing borrowers to apply for loans up to 95% loan-to-value.
Here are our top five stories from The Buy to Let Market Forum:
#theforum2014: FCA accused of over-zealous approach to buy-to-let ‘gaming’
The Financial Conduct Authority has been accused of being over-zealous in its pursuit of consumers who take out buy-to-let mortgages to purchase a home.
#theforum2014: Changing app. upper age limit on BM Solutions’ wishlist
BM Solutions admitted changing its upper age limited imposed on applicants applying for a buy-to-let mortgage is on the lender’s wishlist at The Buy to Let Market Forum in Manchester.
The Buy To Let Market Forum 2014 in pictures
Mortgage Solutions’ Buy To Let Market Forum took place in Birmingham, Manchester and London this week.
#theforum2014: Brokers are main reason for landlords’ lender choice
Landlords’ main reason for choosing a buy-to-let lender is because of advice given to them by their mortgage broker, a sentiment survey has shown.
#theforum2014: Post-MMR buy-to-let surge will not affect service
Lenders do not expect the predicted post-MMR surge in buy-to-let business to significantly impact on service levels, brokers at The Buy to Let Market Forum heard.
