The Financial Services Authority (FSA) has publicly censured Principal Mortgage Services Limited (PMSL), a mortgage broker based in Worcester, for failing to give suitable advice on interest-only mortgages.

Safe Home Income Providers (SHIP) will relaunch as the Equity Release Council later this month.

Avelo, provider of technology solutions to the Financial Services industry, has acquired sourcing system TrigoldCrystal.

The Co-operative Bank is to withdraw its interest-only mortgage range, it has announced.

Halifax has become the fourth lender to launch a product range to support its participation in the NewBuy scheme.

Santander is reducing the maximum loan to value on its interest-only residential deals to 50%, in a move it hopes will encourage some borrowers to select a capital repayment mortgage.

Limits on loan-to-value (LTV) mortgages were back on the agenda last night after George Osborne told MPs the Bank of England could intervene to prevent another housing crisis.

The Financial Services Authority (FSA) has published guidelines to push lenders to simplify wording on mortgage contracts that permit switching consumers from interest-only to repayment mortgages.

Paradigm Mortgage Services has added protection specialist, Engage Mutual Assurance, to its protection panel.

An interest-only mortgage application should be assessed as though it is a capital-and-interest deal, unless there is a "believable" strategy for repaying the loan that does not rely on house price inflation, the Financial Services Authority (FSA) has...