Industry

Demand for UK housing hit its highest level in two years in March as more properties were put up for sale ahead of the Stamp Duty holiday-end, data suggests.

GRIPES

A financial adviser has been fined £95,200 and banned by the Financial Services Authority (FSA) for knowingly submitting mortgage applications in his own name which contained false information.

BUDGET-LITE

Industry veteran Ken Davy has demanded answers from the Financial Services Authority (FSA) on why it did not disclose the fact it had ordered changes to Arch Cru marketing materials before the collapse of the investment scheme.

A shadow minister has claimed the FSA's Treating Customers Fairly (TCF) initiative has failed to adequately protect consumers.

A group of MPs have backed calls by the Financial Services Consumer Panel (FSCP) for firms to sign up to a 'fiduciary duty' under the new regulatory system.

Santander is reducing the maximum loan to value on its interest-only residential deals to 50%, in a move it hopes will encourage some borrowers to select a capital repayment mortgage.

The Financial Ombudsman Service (FOS) is in the process of deciding how it will go about publishing its decisions, and one of the main points of contention has been whether or not it should name the firms involved.

Limits on loan-to-value (LTV) mortgages were back on the agenda last night after George Osborne told MPs the Bank of England could intervene to prevent another housing crisis.