Mortgage fraudster who inflated income tried to blame brokers for deception
A Bolton businessman convicted of mortgage fraud and money laundering after inflating his income on applications on lending worth nearly £2m tried to blame mortgage brokers for his crimes.
Barclays announces MCD start date – exclusive
Barclays has become the first lender to announce its Mortgage Credit Directive (MCD) roll-out date ahead of the deadline of 21 March 2016.
Case study: How an equity release qualification compares to CeMAP
Tina Bowles talks through her experience of studying for and successfully completing the CeRER qualification in equity release advice, and how it compares with a standard CeMAP exam.
Bank staff still feel obliged to mis-sell
Banks need to work harder to reform their sales culture, according to Which?, as research carried out by the consumer group found three in 10 sales staff still felt expected to mis-sell.
Know Your BDM: Amanda Meadows, Bank of Ireland
Mortgage Solutions’ Know Your BDM series gives brokers the chance to get to know their local business development managers a little better. In the hot seat this week is Bank of Ireland account manager for UK mortgages, Amanda Meadows.
Here’s some more you may have missed:
Bank levy changes to cost Nationwide £10bn in lending, says CEO
The replacement of the bank levy with a tax surcharge on profits will cost Nationwide an estimated £10bn in lending over the next five years, the mutual’s chief executive has said.
How prepared is the industry for the MCD? – Marketwatch
Behind closed doors preparations for the European Mortgage Credit Directive (MCD) are underway. This week we’ve asked our panel of distribution experts which parts of MCD the industry has progressed the most and the areas still on the drawing board.
Lack of finance hurts buy-to-let landlords
Buy-to-let landlords are struggling with a lack of financial options, research has suggested.
Halifax Intermediaries aligns product transfer and further advance products
Halifax Intermediaries has created a single pricing structure for further advances and product transfers and reduced rates for further advance customers.
Santander slashes rates on first-time buyer mortgages
In a boon to first-time buyers, Santander has cut rates on three of its high loan to value (LTV) fixed mortgage loans for purchase only to market-leading lows.
