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10 most popular stories on Mortgage Solutions this week – 05/02/2016

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  • 05/02/2016
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10 most popular stories on Mortgage Solutions this week – 05/02/2016
Tax and regulatory concerns in the market, a new lender and a look at TSB's next phase in the mortgage market; it's all here in our round up of the most popular stories on Mortgage Solutions this week.

Wonga scam sees fraudsters sentenced to over 10 years

A group of fraudsters who swindled Wonga out of over £3m through fake loan applications has been jailed for more than 10 years by the Old Bailey.

Dawdling lenders may be struck off panels ahead of MCD

A staggered approach by lenders to launching Mortgage Credit Directive (MCD) compliant documents could cause technology problems for master brokers, Promise Solutions has warned.

SDLT changes could ‘distort’ the housing market – Paragon Mortgages

The proposed changes to Stamp Duty Land Tax (SDLT) for the buy-to-let market risk distorting the housing market, Paragon Mortgages has warned.

The march of the challenger: phase two of TSB’s attack on the market

Roland McCormack, TSB’s intermediary mortgage director, has spent the last two years working on its renowned service proposition for brokers. Mortgage Solutions finds out what’s up next as the bank continues its attack on the bigger mortgage lending players.

Mutual respect to the building society ‘massive’ – Lea Karasavvas

Lea Karasavvas, MD of Prolific Finance explains why innovative tweaks to criteria and products means that building societies should be getting the respect they deserve.

Fraudsters who invested profit in property sent back to jail

Two men have been sent back to prison after failing to pay back almost £3m they made while operating a Ponzi scheme targeting UK and US investors.

Landlord sales outweigh purchases for first time in 10 years – BDRC

What impact will the 3% Stamp Duty hike on buy-to-let (BTL) properties taking effect in April have on the private rental sector (PRS)? BDRC’s latest panel survey of 1,300 private landlords provides a useful pointer for the industry.

What landlords need to know about immigration checks

From 1 February 2016, landlords need to carry out ‘Right to Rent’ checks on all new tenants to make sure they are legally allowed to live in the country. Here, we summarise the key points of the new rules.

Gulf-based buyers ‘pile into’ UK market ahead of Stamp Duty levy

Enquiries from buyers based in the United Arab Emirates and Qatar have surged by 60% month-on-month ahead of the looming 3% Stamp Duty surcharge on second properties, findings reveal.

New Street to offer superior rental calcs for London and South East

New Street Mortgages will offer preferential rental calculations to buy-to-let landlords purchasing property in London and the South East, it has announced alongside its market launch today.

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