This week’s most read on Mortgage Solutions and Specialist Lending Solutions saw the speech of Richard Hayes, Mojo Mortgages’ co-founder and CEO, at the Building Societies Association annual conference, saying first-time buyers should never be offered a mortgage execution-only.
This was followed by research from modular housebuilder Project Etopia, showing that the Help to Buy scheme has become a dominant force when it comes to purchasing new homes.
An analysis of the conveyancing market by Search Acumen revealing that the number of active conveyancing firms in the market has dropped below 4,000 for the first time also broke into the top five stories.
The FCA’s research showing that consumers are not always aware of the consequences of execution-only mortgage purchases was well read, as well as the article written by Mortgage Solutions’ journalist, Owain Thomas, highlighting that the regulator has no plan to either enforce or to recommend a change in the way disclosure documents are produced.
First-time buyers should never be offered execution-only – Mojo Mortgages
Brokers urged not to ignore Help to Buy alternatives – analysis
Brokers say conveyancing consolidation a concern due to resulting ‘horrendous’ service levels – analysis
FCA research: Consumers ‘not always aware of consequences’ of execution-only mortgage purchases
FCA has no plans to enforce changes to execution-only disclosure documents
Santander launches ten-year fix and FTB cashback products
Smaller portfolio landlords ‘starting to question why they are bothering’
Hinckley and Rugby BS warns oversupply of money a danger to risk-based pricing
Brokers are waiting for APIs and not investing in their businesses – Mojo Mortgages
Buy to let: exploding the first-time buyer myth