This week’s top stories:
Footballers facing poverty over tax foul up blame advisers
Sports stars blame their advisers for unpaid tax bills which may result in their financial ruin.
Rozario fires back at Which? in defence of equity release
Andrea Rozario addresses the article in February’s Which? magazine which accuses equity release products of being overpriced.
L&G lays out 2015 mortgage market predictions
Mortgage club Legal & General looks at the factors which could affect house prices and mortgage lending and makes its prediction for gross lending in 2015.
FTB buy to let has pitfalls for the adviser, warns Stockton
In his blog, financial services director of Countrywide Nigel Stockton weighs up the benefits of first-time buyer buy-to-let and considers whether it is time to give up the ghost for this product.
Here’s some more stories you may have missed:
Landlords lose West Brom tracker case
After a long battle the class action brought about by a group of landlords fighting the lender’s decision to increase their tracker rates despite no move in the Bank of England’s Base Rate draws to a close.
Clydesdale Bank increases proc. fees for brokers
Another lender joins the pack in the recent spate of proc fee rises seen this year.
Adviser numbers up 22% at Mortgage Advice Bureau – trading update
The recently floated advice firm opens its books in its first trading update.
Lenders fail to retain remortgagors
A suprisingly low number of remortage borrowers revealed they were incentivised to say with their existing lender, research from LMS reveals.
MCD: Mortgage lenders and brokers win fight over flexibility
The Treasury publised the legal framework to be used to embed the European Mortgage Credit Directive into UK law revealing a win for brokers and lenders.
