This week’s big mortgage broker news was spread over a wide range of subjects from all across the market.
Metro Bank became the latest lender to remove its objection to landlords hosting tenants on benefits, following the high-profile campaign initiated by landlord Helena McAleer.
Despite the case of a teacher and her partner who were denied a mortgage because of a county court judgement (CCJs) from a parking ticket, Mortgage Solutions discovered lenders are increasingly willing to ignore minor CCJs when considering applications.
The ongoing intense market competition is driving adviser interest as rates continue to fall.
And the industry is still in disbelief about the regulator’s plans to open up the market to execution-only business.
Metro Bank latest lender to remove landlord restriction for tenants on benefits
Lenders ‘ignoring’ small CCJs and looking to lend, say brokers
Halifax cuts remortgage rates by 0.35 per cent
FCA’s U-turn on mortgage advice rules is ‘utterly unfathomable’ – Bamford
Coventry BS, Newcastle BS, Ipswich BS and Pepper Money cut rates – roundup
Estate agent’s ‘misleading’ Help to Buy ad prompts regulator action
Nationwide extends remo offer period and updates broker system
Property market slowdown continues with longer sales and price corrections
PRA changes are ‘forcing landlords to take products which do not fit their plans’ – Marketwatch
Lender funding: Brokers need to do their homework and be careful who they pick – Hersch