Sesame Bankhall Group (SBG) has confirmed its director of mortgages Lisa Martin, appointed to the role just under three weeks ago, will leave the group.
The Financial Conduct Authority (FCA) has admitted there is no official definition for consumer buy to let, a term introduced under legislation for the upcoming Mortgage Credit Directive (MCD).
New landlords must meet the 5 October deadline for self-assessment or risk incurring a fine, legal and tax adviser Moore Blatch has warned.
The Right Mortgage & Protection Network has confirmed that Mark Graves is set to join as a shareholder of the business alongside joint-MD and founder, Martin Wilson.
Keith Rogers, director of Phoebus, pins down exactly what a foreign currency mortgage is and why lenders have been pulling out of this sector in recent weeks.
Here’s some more you may have missed…
This week we have asked our panel of broker experts to share their views on whether criteria set at this level for interest-only mortgages will help to reach the typical borrowers who needs them and what criteria should look like to provide borrowers with products suitable for wider circumstances.
The decision taken by a number of banks and building societies to exit foreign currency lending is a positive move for customers who have previously had their ‘fingers burnt’ by taking out these mortgages, commentators say.
Higher compliance costs and falling fees will drive huge change through the second-charge advice sector, said One Savings Banks’ John Eastgate this morning.
Former business secretary Sir Vince Cable has said the move to cut the higher rate of tax relief for buy-to-let landlords was the right decision and anticipates this to be tightened further by the government.
Mortgage lenders continue to struggle to strike a balance between the stringent affordability checks of MMR and efficient processes causing the number of cases offered within 14 days to drop dramatically.