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Last week’s top ten stories on Mortgage Solutions – 30/10/2015

by: Mortgage Solutions
  • 30/10/2015
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Last week’s top ten stories on Mortgage Solutions – 30/10/2015
Every Friday, Mortgage Solutions rounds up the most popular stories on the site over the past five days. Equity release and the FSCS levy debate rumbled on making big headlines.

Legal and General launches equity release broker panel

Legal and General Mortgage Club launched its equity release mortgage referral panel which promises to help brokers provide a greater range of products to older homeowners.

Equity release’s future lies with the hybrid lifetime mortgage 

As the latest Equity Release Council figures show that the sector is growing further, Andrea Rozario shares her predictions on the future of the equity release market.

AMI ‘concerned’ over FSCS adviser levy review mix-up

The regulator’s review of the Financial Services Compensation Scheme (FSCS) levy may not begin until next summer despite chairman John Griffith-Jones assuring the Treasury Select Committee (TSC) that it would begin towards the end of this year.

Williams and Glyn sell-off timescale announced by RBS

Williams and Glyn, the banking brand owned by Royal Bank of Scotland (RBS), has submitted its application for a banking licence.

Payday lender Dollar Financial ordered to repay £15.4m

A payday lender was ordered to repay £15.4m to 147,000 customers who took out unaffordable loans and suffered at the hands of poor collection practices.

Here’s some more you may have missed… 

Customers will bear the brunt of higher regulatory fees, brokers say

Consumers are being forced to front the cost of regulation as brokers feel the sting of rising regulatory fees, said intermediaries.

Ipswich CEO announces retirement plans

Paul Winter, chief executive of the Ipswich Building Society, announced his plans to retire in 2017 which will mark 27 years’ service as a board member of the society.

Over-60s property firm faces criticism over misleading sales prices

A firm specialising in selling homes to the over-60s came under fire from the Advertising Standards Authority (ASA) for using misleading sales tactics in its property listings seen on Rightmove.

Lloyds Group reports 1% mortgage lending growth citing ‘competitive’ market

The UK’s biggest lender Lloyds Banking Group grew its mortgage lending just 1% in Q3, which it acknowledged was ‘slightly below market growth’ but said it wanted to protect margin in a low growth market.

RBS reports 42% year-on-year rise in Q3 mortgage lending

Royal Bank of Scotland (RBS) gross mortgage lending in quarter three rose by 42% year-on-year from £5.2bn to £7.4bn, results from its interim management statement revealed.


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