Companies
M&S Bank to launch mortgage range
Planned for early next year
A Nightmare on Broker Street
FREDDY!
Virgin Money: The birth of a mortgage lender
The Virgin Money buy-out brings with it both good and bad news, but it is the latter - the £653m loss to taxpayers - that will make all the headlines.
Why paying brokers is still the most efficient route to market
Saffron Building Society's John Eastgate on why direct channels still cannot compete with intermediaries
FSA confirms Yorkshire/N&P merger
The FSA today confirmed the merger between the Yorkshire Building Society and its smaller rival Norwich & Peterborough(N&P) which will complete on 1 November.
Coutts tightens mortgage criteria to exclude non-millionaires
Coutts, the private banking arm of RBS, has changed its lending criteria for mortgage clients who will need to have £1m of investable assets before it considers applications.
Nationwide follows Lloyds in interest-only crackdown
Nationwide Building Society has announced it is to restrict the maximum LTV of its interest-only mortgages to 75%.
Skandia boosts adviser support
Skandia has appointed Andy Davies as director of adviser sales and Steve Powell as director of corporate partners.
MPs say FSA misled Select Committee over Iceland - papers
The Financial Services Authority (FSA) may have deliberately misled the committee over Icelandic banks, MPs have claimed, The Telegraph reports.
Darling to raise FSCS limit - papers 1 July
The protection limit for savers is set to be raised to £50,000 under proposals due to be announced by the Government today, The Telegraph reports.
An open letter on dual-pricing to Hector Sants from IFAonline.co.uk
Dear Mr Sants, I am writing to you on behalf of the huge number of IFAonline.co.uk readers who believe the FSA's response to the issue of dual-pricing has been insufficient and are calling for urgent further action.
TMB appoints business development manager
The Mortgage Business (TMB) has appointed Caroline Carroll as business development manager it was announced today.
Brokers shouldn't rely on sourcing systems to help FTBs - Boulger
When finding deals for first time buyers, it is as important for brokers to use their brains and experience as it is to consult a sourcing system, according to Ray Boulger.
Was the FSA right to clamp down on the sub prime market?
The FSA's report into the sub-prime mortgage market, which resulted in the regulator taking action against five intermediary firms for ‘weaknesses' in their advice procedures, has been largely welcomed by the mortgage industry.
Mortgages offered at six times salary - papers 11th April
LENDERS ARE now offering mortgages equal to six times salary to first-time buyers desperate to get a foot on the property ladder, as house prices soar out of reach, says the Daily Telegraph .
Brokers go for super-size option
Five of the UK's largest mortgage brokers have clubbed together in what they are stating is a loose coalition designed to give them better bargaining power with lenders.
Hips could wipe £5.7bn from economy
Home information packs (Hip) could potentially wipe up to £5.7bn in gross domestic product from the UK economy and make almost 100,000 people jobless in the first year of their introduction, an independent report has said today.
IFAonline TV: Just what is the future of mortgages?
A drop in the number of houses on the market and a rise in the use of offset and lifetime mortgages are some of the developments speakers on IFAonline TV expect to see in the near future.
IFAonlineTV: Mortgages are 'financial planning tools'
A mortgage should be regarded as a financial planning tool to help people at different stages of their lives, according to industry figures speaking on IFAonline TV.
Oakwood Group pinches more HBOS Staff
Specialist lender, The Oakwood Group, has carried out another smash and grab raid on BM Solutions and Halifax Bank of Scotland Specialist Lending poaching eight more staff from the two firms.
Confusion over mortgages rife says Charcol
Confusion over mortgages is rife, research from John Charcol reveals.
FSA reveals naked ambition in mortgage exposé
The Financial Services Authority has come up with a cheeky new approach to revealing the mortgage market and launched a consumer website hosted by cartoon characters in their birthday suits.
Bolton leads defection to Oakwood
The Oakwood Group, a private equity firm focused on the specialist lending sector has announced the hiring of five senior executives from HBOS including the current head of specialist lending, Michael Bolton.
Exit fees variation is unfair, says the FSA
Mortgage lenders who substantially increase exit fees between agreeing the contract term and the consumer exiting the mortgage are acting unfairly, according to the Financial Services Authority (FSA).
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