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Top 10 stories on Mortgage Solutions this week – 15/01/2016

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  • 15/01/2016
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Network changes, fraud and the expansion of a major UK brokerage were top of the agenda this week. Mortgage Solutions counts down the 10 most read stories on the website over the last five days.

FCA refuses to lift ban on fraudulent broker

The Financial Conduct Authority (FCA) has refused to lift a prohibition order imposed on a former mortgage broker in 2010.

Just Mortgages to leave Legal and General for Openwork

National mortgage broker firm Just Mortgages will join Openwork as an appointed representative (AR) from March becoming the largest member of the mortgage and wealth network.

BoE enlisting faulty data to demonise landlords, says Paragon

Paragon has asserted that the government and the Bank of England is using fallible data to justify its multi-pronged lending limits on landlords.

John Charcol buys Southampton advice firm to reach 115 brokers

John Charcol has bought Southampton-based mortgage advice and secured loans firms Simply Finance and Simply Loans, in its next phase of growth plans.

Nationwide details MCD implementation plans

Nationwide has released details on its Mortgage Credit Directive (MCD) plans, which takes effect on 21 March.

Free legals – heroes or zeroes? Analysis

Some 1,800 mortgage products come with free legals provided by conveyancers on lender panels. Moa Aarenstrup investigates how useful they really are.

Santander releases first-time buyer exclusives

Santander for Intermediaries will add to its range of high loan-to-value (LTV) fixed-rate products aimed exclusively at first-time buyers on 12 January.

MMR laid foundation for intermediary channel success – SMP

The Mortgage Market Review (MMR) has proved an incredible catalyst for the intermediary sector, with a 22% jump in business since its introduction. Lee Travis of the Society of Mortgage Professionals discusses the success of the broker market since the MMR.

Co-op Bank and Wonga UK’s most improved brands of 2015

Co-operative Bank and payday lender Wonga became the two most improved brands of 2015, joining three other finance brands in the top 10 working their way back towards a positive public perception.

Clear valuation guidelines needed to avoid £0 HS2 confusion

Mortgage lenders and the Royal Institution of Chartered Surveyors (RICs) have been called on to produce some ‘definite guidelines’ for the valuation process, to prevent the ‘buck stopping’ with surveyors.

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