This week’s most read on Mortgage Solutions and Specialist Lending Solutions saw the Labour Party publishing a proposal for housing and land reform which recommends far tighter controls on mortgage lending and greater intervention from the Bank of England.
This was followed by The Property Ombudsman (TPO) expelling seven estate and letting agents, after they refused to pay redress awarded by the ombudsman totalling £112,000.
The report published by the Financial Conduct Authority (FCA) showing an increase of 13 per cent in the mortgage broker revenue in 2018 broke into the top five stories.
Research from Close Brothers revealing that 40 per cent of non-homeowners “do not know where to start” and the FCA warning claims management companies (CMCs) to clean up their act were both well read.
Labour proposes tightening mortgage lending and end to the ‘buy-to-let frenzy’
Estate agents expelled by ombudsman for failing to pay £100k compensation
Mortgage broker revenue jumps 13 per cent as commission dependency grows
Employee research reveals scale of home buying challenge – Close Brothers
FCA slams claims management companies for making up cases under fictitious names
Use pensions to fund first-time buyer purchases, says housing secretary Brokenshire
Axis Bank appoints Jason Neale as head of BTL lending operation
Lendy administrators restrict client accounts as overdue loans hit £153m
Bank of Ireland raises £350m through securitisation
Tony Hall leaves Hodge – exclusive