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Tribunal upholds £80k fine against fraudulent mortgage broker

24 April 2014 | By Devraj Ray

Amir Khan will be fined £80,000 after the Regulatory Decisions Committee had originally recommended a fine of £100,000 in its warning notice.

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FCA unconcerned branch meetings could last over 3 hours post-MMR

24 April 2014 | By Paul Thomas

FCA mortgage head Linda Woodall says longer appointments could lead to “more sustainable outcomes”.


Santander and NatWest increase rates on Help to Buy 2 products

23 April 2014 3:15 pm | By Devraj Ray

Santander and NatWest Intermediary Solutions increase H2B 2 rates by 0.1% and 0.4% respectively.


MPC voted unanimously to maintain base rate

23 April 2014 11:53 am | By Devraj Ray

Minutes from the committee’s April meeting show all members voted to maintain base rate and quantitative easing.


Nationwide goes free phone after broker backlash at premium rate lines

23 April 2014 10:52 am | By Paul Thomas

Nationwide and TMW go free phone after pressure from Mortgage Strategy. 


Down-valuations at lowest levels since financial crisis

23 April 2014 9:00 am | By Devraj Ray

Proportion of down-valued properties has fallen in England, Wales and Northern Ireland to levels not seen since crisis.

Comments (2)


FCA: Lenders will offer a greater proportion of 5-year deals after MMR

22 April 2014 12:24 pm | By Devraj Ray

But brokers say there is still a place for two-year mortgage deals.

Comments (4)

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FCA unconcerned branch meetings could last over 3 hours post-MMR

22 April 2014 0:36 am | By Paul Thomas

FCA mortgage head Linda Woodall says longer appointments could lead to “more sustainable outcomes”.

Comments (4)


Tribunal upholds £80,000 fine against fraudulent broker

17 April 2014 11:05 am | By Devraj Ray

£80,000 fine has been upheld by the Uper Tribunal following appeal on the scale of the penalty.


Gross lending rockets 37% year-on-year

17 April 2014 10:43 am | By Devraj Ray

Mortgage lending is on the rise, driven by increased economic optimism and Government initiatives


Co-op Bank posts £1.3bn loss and reveals widespread mortgage failings

17 April 2014 | By Natalie Holt, Samuel Dale

Bank has to raise £400m after it found a number of redress and misselling issues following a past business review.


Tesco Bank grows mortgage book by £700m

16 April 2014 3:06 pm | By Devraj Ray

Pre-tax profits at Tesco Bank rose 23.1% to £152.6m in the year to February 2014.

Nationwide Now branch advise

Nationwide starts offering branch advice over video link

16 April 2014 11:01 am | By Devraj Ray

Consultants based in Northampton will provide full mortgage advice via hi-definition video link to customers around the UK.

Comments (1)


Buyers warned to expect valuation delays for next six months

16 April 2014 10:32 am | By Paul Thomas

Money Marketing sister title Mortgage Strategy investigation finds e.surv and Connells have stopped taking instructions in SW15.


Capital Economics: BoE will step in if boom spreads out of London

15 April 2014 2:22 pm | By Devraj Ray

London house prices rocket 17.7% in year to February; without London and South East, rest of country grows at 5.8%.

Comments (1)


Halifax forced to delay online transfer application launch due to 'technical issue'

14 April 2014 12:42 pm | By Devraj Ray

There is currently no indication of when the problem will be fixed.


The MMR could drive hundreds of conveyancers out of business

11 April 2014 4:41 pm | By Devraj Ray

Fears that declining conveyancer numbers could lead to transaction delays.


Co-op Bank posts £1.3bn loss; reveals £411m redress driven by mortgage failings

11 April 2014 8:56 am | By Natalie Holt

Bank has to raise £400m after it found a number of redress and misselling issues following a past business review.


MPC once again votes to keep base rate at 0.5%

10 April 2014 12:02 pm | By Paul Thomas

Base rate has been at a record-low 0.5% for 61 months.


RICS: House sales at 6-year high

10 April 2014 10:42 am | By Paul Thomas

Majority of surveyors reporting house price increases.

Comments (2)

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Co-op woes continue as Lord Myners quits

10 April 2014 8:55 am | By Devraj Ray

Former Labour financial services secretary was asked in December to conduct a review of the group.

Comments (2)


Barclays tops FCA complaints data again

9 April 2014 12:06 pm | By Tessa Norman

FCA reveals most complained about firms in second half of 2013


BM Solutions U-turns on FTB lending over 'gaming' fears

9 April 2014 10:40 am | By Paul Thomas

Lender says the risk of someone staying in a property on a buy-to-let loan is greater than first thought


Metro Bank founder Anthony Thomson to launch new digital bank

9 April 2014 9:01 am | By Tom Selby

Thomson is joining forces with First Direct chief executive Mark Mullen to launch ‘Atom’ in 2015.


ASA bans Wonga TV advert

9 April 2014 8:55 am | By Devraj Ray

The advert must not be shown again in its current form.


'Technical issue' hits Santander's new broker platform on launch

8 April 2014 11:58 am | By Devraj Ray

Some brokers have been unable to log on to the new MMR-compliant system since it launched yesterday; Lender says it will update brokers when fixed.

Comments (1)


Exit plan in place for HTB 2

4 April 2014 3:43 pm | By Paul Thomas

Treasury financial secretary also says UK will look to minimise disruptions caused by European mortgage credit directive.


CML urges FCA to be patient with MMR implementation

4 April 2014 2:29 pm | By Paul Thomas

CML director general Paul Smee says lenders could suffer “technical breaches” in the early days of new regulatory environment.

Comments (1)


Protection advisers struggle to arrange Help to Buy life cover

4 April 2014 12:00 pm | By Devraj Ray

Advisers have raised concerns about how to put in place adequate life cover for the Government loan element of Help to Buy

Comments (7)


RBS appoints new chief financial officer

4 April 2014 8:38 am | By Paul Thomas

Ewen Stevenson joins bank on 19 May.


BoE: Lenders expecting surge in declines in coming months

3 April 2014 12:59 pm | By Paul Thomas

Lenders expect demand and mortgage rates to increase in next 3 months.


RBS to close a further 44 branches

3 April 2014 8:44 am | By Paul Thomas

Bank says affected branches had limitd opening hours and classed as “last bank in town”.


TMW shakes up B2L age limit criteria

2 April 2014 1:08 pm | By Devraj Ray

Nationwide’s buy-to-let arm will now impose a maximum age at application, with more people seeking to use rental proceeds as retirement income.

Comments (2)


Santander unveils self-employed B2L criteria

2 April 2014 11:43 am | By Devraj Ray

Lender opens doors for non-professional and self-employed landlords with criteria update.


Borrowers may have to wait weeks for branch adviser meetings

2 April 2014 10:30 am | By Paul Thomas

Warning that lenders’ face-to-face meetings could last more than 3 hours.

Comments (6)


Skipton launches first securitisation in nearly 2 years

2 April 2014 9:48 am | By Paul Thomas

Deal will be used, in part, to fund new mortgage lending.


London house prices grow at twice the UK average

2 April 2014 8:56 am | By Paul Thomas

Only London and South East now have average prices past their 2007 peak.

Comments (2)


Aldermore increases mortgage lending by 38%

2 April 2014 8:22 am | By Paul Thomas

Profit grows by 1393% year-on-year.


Approvals rocket 33% year-on-year in February

31 March 2014 11:39 am | By Devraj Ray

Approvals fall 7% on January’s figures though.


FCA looks to keep underwriting standards in check in growing market

31 March 2014 11:25 am | By Paul Thomas

Regulator will look at lenders’ governance of their mortgage lending strategies.

Comments (2)

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