Industry

Mark Hoban has dismissed calls for a cross-party group of MPs to have the power of veto over who gets the top job at the powerful new Consumer Protection and Markets Authority (CPMA).

Three-quarters of Kent Reliance Building Society members have voted in favour of its deal with US private equity firm JC Flowers, which will see the mutual become a bank.

National IFA Positive Solutions is hosting a series of mortgage seminars across the UK, outlining to advisers the current state of the market and its likely future direction.

The remortgage market showed signs of recovery after the Conveyancing Alliance reported a 48% increase in mortgage instructions, over the last quarter.

More than half of mortgage loans made between 2005 and 2009 would not have been granted if FSA proposals on responsible lending had already been in place, according to the Council of Mortgage Lenders (CML).

Average UK property prices increased by 0.1% in September to stand at £166,575, leaving the annual rate of house price inflation at 3.1%, according to Nationwide.

The director of a mortgage brokerage has been fined £14,000 by the FSA for failing to be open about his business practices and for control failings which allowed 'misleading' applications to be processed.

Mortgage lending by banks has hit a sixteen month low after a fall in housing demand, says the British Bankers' Association (BBA).

Average UK property prices were 6.1% higher this July than last and currently stand at £200,913.

The recession has reduced the time left for 'AAA' rated states including the UK to avert sovereign debt crises as their populations age, Moody's warns.