Industry

Lloyds, the UK's biggest lender, has put an immediate cap on income multiples on mortgages over £500,000 to primarily target the London market in a bid to combat the capital's swiftly rising property price inflation.

A decision by the Financial Conduct Authority (FCA) to ban a mortgage broker for a lack of integrity has been upheld by the Upper Tribunal.

The government may "pare back" its Help to Buy scheme if the Bank of England (BoE) believes it threatens the UK's economic recovery, Nick Clegg has said.

The Financial Conduct Authority (FCA) has uncovered widespread shortcomings in consumer credit promotions, such as payday loan advertisements.

Homeowners lodged a record number of mortgage complaints to the Financial Ombudsman Service last year.

Prominent economists have added to calls for the government to pull back from the mortgage guarantee element of its Help to Buy initiative, arguing it is no longer needed.

The Bank of England (BoE) and Financial Conduct Authority (FCA) have appointed Antony Townsend as Complaints Commissioner, replacing Sir Anthony Holland whose term of office ends this month after almost a decade.

Financial services group LEBC is to create a dedicated mortgage advice team in light of the implementation of new rules following the Mortgage Market Review (MMR).

The Financial Conduct Authority (FCA) will be on the lookout for "gaming activity" of any kind following the implementation of the Mortgage Market Review (MMR), with the falsification of income levels of particular interest, it warned.

Four things to tell clients about the new mortgage lending rules