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Author profile

Kay McLellan

Articles by Kay McLellan

Regulation

Slow PPI redress an "open goal" for claims firms, warns Which?

Which? has urged banks to streamline their payment protection insurance (PPI) claim process or risk exposing customers to claims management companies, after just a quarter of the promised amount of redress was paid out in 2011.

clock 22 February 2012 •

Mortgages

Bogus solicitor jailed for £8m mortgage fraud

A "sophisticated" fraudster who headed up a criminal gang has been jailed for seven years for defrauding high street banks out of almost £8m through multiple fraudulent mortgage applications.

clock 21 February 2012 •

Products

Tesco Bank to launch mortgages by April

Tesco Bank's chief executive, Benny Higgins, has suggested that its long-anticipated launch into the mortgage market will happen by as early as April this year.

clock 06 February 2012 •
Magistrate escapes jail for £360k mortgage fraud

Mortgages

Magistrate escapes jail for £360k mortgage fraud

A former magistrate found guilty of a £360,000 mortgage fraud has been spared a jail sentence after a judge ruled her behaviour "wholly uncharacteristic".

clock 24 January 2012 •

Mortgages

MMR to cost industry up to £170m a year

The ongoing compliance costs of the Mortgage Market Review (MMR) proposals will cost the industry anything between £47m and £170m a year, with one-off implementation costs between £40m and £60m, according to the FSA.

clock 19 December 2011 •

Mortgages

FSA to ban non-advised mortgage sales

The FSA today proposes to ban non-advised mortgage sales, although all but the 'vulnerable' or those accessing higher-risk products will be able to opt-out of advice or reject it and proceed on an execution-only basis.

clock 19 December 2011 •

Adviser / Broking

Average broker pay leaps 17% in 2011 - official figures

Official government figures have revealed that the average annual salary earned by financial and insurance brokers this year has increased 17.3% on 2010 to £54,924.

clock 30 November 2011 •

Mortgages

Autumn Statement: Govt scraps 'ineffective' FTB Stamp Duty holiday

Chancellor George Osborne has not extended the Stamp Duty holiday for first-time buyers, with the Autumn Statement revealing the government believes it has proved "ineffective".

clock 29 November 2011 •
House prices remain 'surprisingly resilient' - Nationwide

Mortgages

House prices remain 'surprisingly resilient' - Nationwide

Nationwide figures have today revealed average UK house prices rose by 0.4% in November and 1.6% on a year ago, adding to the mixed picture across the major house price indices.

clock 29 November 2011 •

Regulation

FSA too easy on banks, say consumers

Three-quarters of consumers believe the FSA failed to stand up to the banks in the run-up to the financial crisis and has not done enough to help consumers, according to Which?.

clock 03 November 2011 •
123
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