HSBC’s move signals cost of branch advice still rising
If you wanted a finer example of the impact that regulation has had on the mortgage market – in particular the MMR – then you will find no better one than HSBC’s recently announced decision to begin lending through mortgage advisers.
Ben Thompson quits L&G for MD role
Ben Thompson is set to leave Legal & General for a managing director role with property and technology company ULS Technology plc.
House of Lords attacks lenders’ age discriminating criteria
Mortgage lenders have come under attack by the House of Lords for discriminating against older borrowers by placing age restrictions on their homeloans.
Mortgage adviser in £478k scam appeals jail sentence
A former mortgage adviser who was jailed for a £478k fraud, which included conning members of his own family, is appealing against his sentence.
James Chidgey to leave Nationwide
Nationwide has announced that James Chidgey, senior manager, new build, will leave at the end of March.
Landlords warned about risk of tenant cannabis cultivation
Landlords have been warned about an increasing number of rented properties being used to grow and supply illegal drugs.
Levelling of London house prices is ‘necessary pit stop’
The slowdown of house price growth in prime central London, from 3.1% last quarter to 0.5% in Q3 this year is a ‘necessary pit stop’ for a sustainable market, said one estate agency firm.
N&P launches sub-3% five-year fix
Norwich & Peterborough Building Society has launched a five-year fixed rate mortgage at 2.94%.
TSB admits lack of broker support caused drop in Q3 lending
TSB admitted the fall in its quarterly net lending by 0.3bn to £19.1bn in Q3 was down to the absence of a distribution channel within the broker market.
TSB confirms first broker pilot through London & Country
TSB is planning to launch a pilot with Bath-based broker firm London & Country (L&C) in December before it broadens distribution out to the wider intermediary market in January.
A big thank you to all our readers this week from the Mortgage Solutions team.
