Prime Minister David Cameron has been forced to defend the government's under fire Help to Buy scheme after continued criticism.

The controversial Money Advice Service (MAS) will likely be shut down when it next comes up for review in 2015, according to Association of Mortgage Intermediaries (AMI) chief executive Robert Sinclair.

The Financial Conduct Authority (FCA) has described mortgage arrears and forbearance management as a ‘key area' for the new body in 2013 and announced the launch of a thematic review.

UK Asset Resolution (UKAR), which holds the toxic assets of former lenders Bradford & Bingley and Northern Rock, repaid £4bn to the taxpayer during 2012.

Chancellor George Osborne has announced plans to commit £3.5bn of capital spending to shared equity loans over the next three years under the new Help to Buy scheme.

Former Premier League footballer Robbie Fowler has launched a property academy for buy-to-let investors to learn the tricks of the trade.

Mortgage adviser Mike Thornton has been elected as MP for Eastleigh after winning the by-election sparked by Chris Huhne's resignation.

The Association of Mortgage Intermediaries (AMI)has appointed Sesame chief John Cupis as its new deputy chairman.

ING Direct is to stop accepting new mortgage applications from Thursday 28 February as part of its takeover by Barclays.

Barclays has confirmed that it is in the process of training its telephony staff to offer mortgage advice in order to phase out non-advised sales.