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The 10 most read stories on Mortgage Solutions this week – 26/02/2016

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  • 26/02/2016
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The 10 most read stories on Mortgage Solutions this week – 26/02/2016
A major criteria shakeup from a top lender and change of tack on interest rates from Mark Carney were among the most read stories on Mortgage Solutions in the last five days.

Nationwide rethinks retirement age definition

Nationwide will now use a borrower’s anticipated retirement age in its affordability check rather than its previous policy of using the customer’s state pension age, if this is lower.

Carney outlines potential for interest rate cut

Bank of England governor Mark Carney has hinted that the Monetary Policy Committee (MPC) could reverse its current stance on interest rates and vote for a rate cut.

Selfcert.co.uk misleading consumers on website

Czech-based lender Selfcert.co.uk is misleading consumers with the assertion that the Financial Regulation Authority (FCA) obliges UK mortgage borrowers to ‘pay for advice’.

Brokers reveal how they resolved their toughest cases – Marketwatch

This week our panel of intermediaries share the circumstances of the most difficult case they have been asked to place over the last six months, what obstacles stood in their way and how they overcame them.

LSL explains the £9.1m Mortgages First acquisition – exclusive

Last week, LSL Property Services bought a 65% interest in mortgage and protection advice firm, Group First Limited for millions in cash. Here, LSL’s residential development and investments chairman, James McAuley, unpacks the deal.

Legal and General Homes invests £500m in housebuilding factories

Legal and General plans to invest over half a billion pounds into the construction of housebuilding factories which will churn out ready-made homes at sites across the UK.

Countrywide confirms ‘challenging’ 2015 with estate agency and lettings down

Despite strong financial services and surveying results, property giant Countrywide reported results shackled by its estate agency and lettings performances.

Handelsbanken eyes re-entry to foreign currency mortgage market

Handelsbanken is considering a launch back into foreign currency mortgages after its market withdrawal when tougher rules governing the products emerged under the Mortgage Credit Directive (MCD).

Leeds BS to invest heavily in broker technology this year

Leeds Building Society plans to overhaul its technology process for advisers this year, with an eye on investing in its direct to consumer proposition later in 2016.

Weighing up the pros and cons of independence post-MCD – Tenetlime

Brokers will be faced with losing their ‘independent’ status should they choose to defer on second charge mortgages after the MCD. But what are the benefits of keeping your independent status? Tenetlime’s Gemma Harle weighs up the pros and cons.

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