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The 10 most popular stories on Mortgage Solutions this week – 19/02/2016

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  • 19/02/2016
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The 10 most popular stories on Mortgage Solutions this week – 19/02/2016
Major changes announced by lenders and providers have dominated the Mortgage Solutions headlines this week. Here's a round up of our top 10 most read stories.

Tesco Bank mortgage intermediary team and distribution plans revealed

Tesco Bank moves closer to launching its intermediary mortgage proposition after talks with John Charcol and several others and its appointment of sales veteran Dave Gillam to head up key accounts.

Nationwide confirms big criteria shake-up including return to restricted resale market – exclusive

Nationwide is set to head back into the restricted resale market and will launch a number of criteria changes to its intermediary purchase and remortgage propositions from next week.

Legal and General preparing to launch landlord lifetime mortgage

Legal and General Home Finance plans to introduce a lifetime mortgage for older landlords this year, it has confirmed.

Value of mortgage fraud almost tripled in 2015

Mortgage fraud accounted for the second largest increase in the value of cases recorded within the financial services sector last year, figures reveal.

Legal and General to offer 4.99% lifetime mortgage

Legal and General has released a drawdown lifetime mortgage at 4.99%, available to borrowers with homes worth more than £533,000 at a minimum loan amount of £200,000.

LSL pays £9.1m cash for stake in Essex advice firm

LSL Property Services has bought a 65% interest in Group First Limited, a Colchester-based firm which offers mortgage and protection advice for new homes through its subsidiaries, Mortgages First and Insurance First Brokers.

Santander finally discards Abbey brand

Santander will cease intermediary mortgage lending through the now defunct Abbey National brand from Sunday 21 February.

Interest only – a design for lending into retirement – TMA Mortgage Club

Allowing older borrowers to pay their mortgages on an interest-only basis later in life could help ease the pressure on the issues surrounding lending into retirement, writes David Copland.

Leeds launches low-fee five-year fixed rate

Leeds building society has launched a five-year fix at 2.99% with what it claims is ‘an attractive package of incentives’.

Broker market growth may have peaked as MMR impact ‘washes through’

Broker market share is expected to remain static over the next two years as lenders gear up for direct-to-consumer business and the impact of the Mortgage Market Review (MMR) finally ‘washes through’, industry experts say.

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