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.
Saffron Building Society's John Eastgate on why direct channels still cannot compete with intermediaries
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, 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 Building Society has announced it is to restrict the maximum LTV of its interest-only mortgages to 75%.
Skandia has appointed Andy Davies as director of adviser sales and Steve Powell as director of corporate partners.
The Financial Services Authority (FSA) may have deliberately misled the committee over Icelandic banks, MPs have claimed, The Telegraph reports.
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.
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.
The Mortgage Business (TMB) has appointed Caroline Carroll as business development manager it was announced today.
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.
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.
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 .
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.
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.
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.
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.
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 is rife, research from John Charcol reveals.
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.
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.
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).
Two-thirds of mortgage lenders will continue to invest in IT systems over the next two to three years despite heavy investment during 2004 to meet the requirements of the Financial Services Authority, research reveals.