The judge said the lender should have been put on notice and checked if one of the borrowers was under undue influence to take out the loan to repay the other’s debts. This raised questions around how lenders should approach joint mortgage applications with an element of debt repayments.
The trend of property owners flipping holiday homes onto the business rates system to avoid paying double council tax was also of interest this week, as was the Financial Conduct Authority (FCA) streamlining its enforcement.
Mind the affordability gap
Sponsored by Newcastle for Intermediaries
FCA shrinks enforcement rules by 250 pages and speeds up investigations
Halifax makes income policy enhancements; Santander changes rates – round-up
The evolving role of BDMs in a changing mortgage market – Carton
Landlords plan £74 monthly rent increase ahead of Renters’ Rights Bill
Return of interest-only could be answer to mortgage affordability constraints, debates industry
