Skipton Intermediaries will switch to using the European Standardised Information Sheet (ESIS) on 14 December in advance of the Mortgage Credit Directive’s (MCD) implementation.
Greater clarity in mortgage fees is due to be introduced by way of a standardised tariff for charges. Jackie Uhi of Barclays talks through the benefits for both consumers and intermediaries.
The Prime Minister is set to announce an expansion of the government’s shared ownership scheme to allow an additional 175,000 aspiring homeowners to join the initiative.
Sharing a common model for data across lenders’ product criteria and even mortgage applications could allow intermediaries access to efficiencies never seen before in the market, writes James Tucker.
The Financial Ombudsman says it will ask the Financial Conduct Authority (FCA) to increase the compulsory levy for authorised firms from £23.3m to £24.5m in 2016/17.
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An increase in the Bank of England (BoE) Base Rate rise would affect 70% of homeowners and a quarter could struggle to repay their mortgage, a report shows.
National Australia Bank (NAB), has announced that it expects its demerger and Initial Public Offering (IPO) of the Clydesdale and Yorkshire Banks to complete in early February next year.
Over a third of brokers feel extremely confident about business prospects for 2016, with commentators noting that a likely rise in the Bank Base Rate will boost the remortgage market.
The director and acting chief executive of troubled network Financial Limited is battling a decision made by the regulator which will result in a fine of £86,691 for putting customers at risk of receiving unsuitable advice.
This week our panel of experts consider how lenders’ policies need to evolve to better suit the needs of London’s aspiring and existing homeowners better.