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The Top 10 biggest mortgage broker stories this week – 09/02/18

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  • 09/02/2018
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The Top 10 biggest mortgage broker stories this week – 09/02/18
Our most-read story this week is about a broker mistake that resulted in the Financial Ombudsman Service ordering London and Country to pay client compensation. 
Elsewhere, Nationwide has reintroduced free legals – but dropped LMS for the service.
And interest rates are back in the headlines, as another hike looks set to come earlier than previously expected.

 

FOS: London and Country told to pay compensation after broker miscalculates deal by £120k

Nationwide drops LMS as it reintroduces free legals

Purplebricks share price drops 20% in a week

Economists forecast earlier than expected Bank of England rate hikes in 2018

The future for interest-only mortgage borrowers – Marketwatch

Bank of England warns interest rates set to rise sooner and faster, as economists forecast May hike

FCA: Gopee found guilty of acting as an illegal money lender

Co-op Bank ditches retail mortgages to focus on Platform broker offering

Principality appoints first BDM for southern home counties

On free legals: ‘As helpful as a chocolate teapot’ – poll result

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