Nationwide issues broker warning over consumer buy to let

Nationwide has warned brokers to apply for the correct permissions now to carry out consumer buy-to-let business or it will refuse to deal with them after the Mortgage Credit Directive deadline.

Estate agent receives ban over misleading customer satisfaction ratings

A Bolton-based estate agency firm has received a ban from the Advertising Standards Authority (ASA) for making unsubstantiated and misleading claims to its customers.

FCA admits MCD referrals would create ‘disjointed transaction’

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Borrowers will face a ‘disjointed’ mortgage application process if brokers decide to refer second charge business following the implementation of the Mortgage Credit Directive (MCD), the FCA says.

Advisers told to start planning now for MCD changes – FCA

Advisers must plan now ahead of the Mortgage Credit Directive (MCD) deadline to make sure they can satisfy disclosure requirements and minimise pipeline delays, said Keith Hale of the Financial Conduct Authority.

Technology: a genuine threat to the intermediary market?

This year intermediaries received a stark warning. Don’t be complacent, lenders are gearing up to attack your market share with advancements in technology. Samantha Partington investigates the reality of this threat.

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Lewis and new shadow housing minister in Twitter spat over housing crisis

Newly appointed shadow housing minister John Healey stepped into a Twitter sparring match with minister of state for housing and planning Brandon Lewis on Tuesday in response to a barbed comment about house building levels.

Mortgage brokers urged to be proactive with landlord advice

A leading property expert has urged mortgage brokers to be more proactive in targeting landlords to ensure they are receiving the right levels of advice.

Know Your BDM: Tim Gunning, Skipton Intermediaries

This week Mortgage Solutions quizzes Skipton Building Society’s intermediary relationship manager for London, Tim Gunning, on how he maintains good broker relationships and what he would do as head of the FCA for a day.

Lenders hit back over ‘unhelpful’ MCD headlines

Nationwide and Leeds Building Society have hit back at ‘unhelpful’ headlines generated by an industry survey which claimed lenders were worried that the Mortgage Credit Directive (MCD) may affect activity over the next year.

The older borrower conundrum can and should be resolved

Up until recently, and certainly in the wake of the MMR changes, it’s often felt that when it comes to a certain borrower age group, older has not necessarily been deemed to be wiser, writes Richard Adams, managing director of Stonebridge Group.