Regulation
Lloyds caps affordability to 4x income to rein in raging market risk
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.
Tribunal upholds FCA ban on mortgage broker
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.
Govt may 'pare back' Help to Buy after Carney's warning
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.
FCA uncovers flaws in payday loan adverts
The Financial Conduct Authority (FCA) has uncovered widespread shortcomings in consumer credit promotions, such as payday loan advertisements.
Mortgage complaints hit record high
Homeowners lodged a record number of mortgage complaints to the Financial Ombudsman Service last year.
Economists heap pressure on Osborne over Help to Buy
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.
Sir Anthony Holland steps down after decade as Complaints Commissioner
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.
LEBC creates six-adviser team to tackle MMR influx
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).
FCA warns MMR 'gamers' in echo of RDR threat
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
Four things to tell clients about the new mortgage lending rules
Investment advisers hit with additional £7m FSCS levy bill
Most types of financial services firms will pay a lower than expected Financial Services Compensation Scheme (FSCS) levy for 2014-2015 after it cut its bill by £37m, but investment advisers face another hike in costs.
Adviser masterclass: How to explain fees to clients
How to explain fees to clients
Mortgage broker jailed for six years after 'disgusting' £3.5m fraud
A mortgage broker has been jailed for six years after fraudulently obtaining almost £3.5m from clients in the North East.
FCA bans and fines mortgage broker over false info
The Financial Conduct Authority (FCA) has fined and banned a mortgage broker for failing to prevent false client information being submitted to lenders.
Keith Richards: The little-known meeting that might just bring trust back
Keith Richards on the little-known meeting that might just bring trust back
FPC's stress test powers to be added to mortgage rules
The Financial Policy Committee's power to influence the interest rate stress test in an applicant's affordability assessment will be added to the mortgage rules following a consultation.
FCA challenges lenders over arrears and foreclosure practices
The Financial Conduct Authority (FCA) is challenging lenders to improve their arrears and foreclosure management following a thematic review which found several counts of bad practice at firms.
Nottingham BS to offer whole-of-market mortgage advice in-branch
Nottingham Building Society is to offer whole-of-market mortgage and protection advice across its branch network.
Yorkshire Building Society to refund £8.4m for arrears charging errors
Yorkshire Building Society Group is to refund all administration fees for mortgage arrears since January 2009 - totalling some £8.4m - after the Financial Conduct Authority (FCA) raised concerns about incorrect charges.
Are you ready? Evaluating the Mortgage Market Review
Assessing firms' readiness for the Mortgage Market Review
Ex-Perspective's Craddock among three named on FCA decisions panel
Peter Craddock, a director at the Association of Professional Financial Advisers (APFA), is among three new names on a Financial Conduct Authority (FCA) committee responsible for approving applications and issuing warning notices.
Which? awarded 'super-complainant' status
Consumer group Which? is among four organisations awarded ‘super-complainant' status by the government, meaning it has the power to present complaints to the Financial Conduct Authority (FCA), which must respond.
Number of FCA regulated firms set to soar in 2014
The number of firms regulated by the Financial Conduct Authority (FCA) is set to soar next year after the regulator assumes responsibility for supervising consumer credit activities.
FCA scales back consumer credit application fees for small firms
The Financial Conduct Authority (FCA) has revised its application fees for firms seeking full consumer credit authorisation, after it realised that small firms were facing "significant barriers to entry" due to cost.
Most read
