This week's most read story featured the plight of first-time buyers who had lost out on their chance to get on the property ladder after banks changed the goal posts part way through the application.
The story divided opinion among readers who praised the banks for prudent lending decisions reflecting a change in buyers’ circumstances and criticised lenders for not honouring criteria available at the start of an application.
Elsewhere in mortgage broking news, two lenders brought out 95 per cent loan to value mortgage ranges, Lloyds Banking Group’s Esther Dijkstra shared her plans for the bank’s trio of brands this year and intermediaries were warned to check the risks that IR35 tax changes pose to their businesses.
First-time buyers say deals collapsed after banks back tracked on initial offer
HSBC increases high LTV maximum loans
Mortgage firms must check IR35 risks given complexity of April tax change – AMI
Nationwide cuts rates and expands £1,499 fee range to 90 per cent LTV
Accord launches 95 per cent LTV mortgage for first-time buyers
House prices forecast to lose 2020 gains – Reallymoving
Bank of Ireland reintroducing 95 per cent LTV mortgages including for self-employed – exclusive
Changes are coming: Esther Dijkstra, MD Intermediaries Lloyds Banking Group
Brexit could mean future mortgage process changes to go with current pains – Clifford
Mortgage advising is an opportunity for unemployed to reinvent themselves – Marketwatch
Samantha Partington is a freelance trade and consumer journalist writing about property and personal finance. Previously she worked worked for the Daily Mail and Property Week. She is the former deputy editor of Mortgage Solutions and editor of Specialist Lending Solutions.
Before becoming a journalist, Samantha worked as a mortgage broker and latterly for a mortgage, bridging and secured loan lender. Samantha is CeMAP qualified. Follow her on Twitter @SamJPartington1.