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Last week’s most read on Mortgage Solutions – 02/10/2015

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  • 02/10/2015
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Last week’s most read on Mortgage Solutions – 02/10/2015
Every Friday, Mortgage Solutions rounds up the most popular stories on the site over the past five days. This week, major industry job changes and consumer buy to let have been top of the agenda.

Lisa Martin to quit Sesame Bankhall Group

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.

FCA admits no definition for consumer buy to let

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).

Landlords warned to meet self-assessment deadline

New landlords must meet the 5 October deadline for self-assessment or risk incurring a fine, legal and tax adviser Moore Blatch has warned.

Mark Graves joins The Right Mortgage and Protection Network

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.

Why lenders are running scared of foreign currency mortgages

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…

Interest-only mortgages and access for the masses – Marketwatch

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.

Lender exit from foreign currency loans ‘a good thing’

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.

MCD changes like Arsenal’s attitude to transfer window for mortgage brokers – One Savings Bank

Higher compliance costs and falling fees will drive huge change through the second-charge advice sector, said One Savings Banks’ John Eastgate this morning.

No grounds for giving buy to let better tax treatment – Vince Cable

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 see sharp fall in cases offered within 14 days

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.

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