Santander reveals MCD plans – exclusive

Santander revealed details of its Mortgage Credit Directive (MCD) preparations ahead of next year’s March deadline.

Lenders’ BDM service levels a ‘mixed bag’

Mortgage professionals appear to have a mixed view of the service levels their BDMs provide, with over half (55%) saying standards vary according to lender, a Mortgage Solutions poll reveals.

Jane Benjamin quits Pink for The Right Mortgage and Protection Network

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Jane Benjamin, former regional sales director at Pink Network, joined The Right Mortgage & Protection Network as lender relationship manager.

Know Your BDM: Louise Drummond, Leeds Building Society

This week Mortgage Solutions quizzed Leeds Building Society intermediary account manager for Scotland and Northern Ireland, Louise Drummond, on working with brokers and the biggest challenges she has faced.

How many of your clients will be affected by the consumer buy-to-let framework?

In this week’s poll we want to know what proportion of your buy-to-let business you expect to be caught by the MCD’s consumer framework.

Here’s some more you may have missed…

HSBC lowers mortgage rates and launches fee-saver remortgages

HSBC cut a number of rates and introduced a fee-saver range for customers looking to remortgage or come off an Standard Variable Rate (SVR).

Chinese crisis ‘unlikely’ to delay interest rate rise – Carney

Ongoing turmoil in China’s stock markets do not ‘merit a change’ in the Monetary Policy Committee’s (MPC) strategy for returning inflation to its target of 2%, Bank of England governor said Mark Carney.

Stamp Duty is buyers’ ‘biggest obstacle’

Despite recent changes, buyers are struggling against Stamp Duty costs, an estate agent warned.

Equity release: Closing the knowledge gap

There is a clear and dangerously wide disparity of knowledge of equity release at play between the adviser and the customer, writes Andrea Rozario.

Leeds BS boosts range due to demand

The growing number of people looking to remortgage their property has prompted Leeds Building Society to launch a five-year fixed rate deal.