Mortgages

By Mortgage Solutions

More than 300 homeowners have been given the green light to sue Barclays and Bank of Scotland over mortgages which forced repayments as much as four times the cost of their properties.

Buy-to-let mortgages and property investment clubs should be FSA regulated, according to the British Property Federation (BPF).

House prices have returned to 2008 levels, according to Nationwide Building Society.

The Association of Mortgage Intermediaries (AMI) says mortgage product regulation by the FSA will unnecessarily restrict consumer access to the housing market.

Gross lending by building societies was subdued in August at £1.5bn as funds for mortgage lending remained unavailable.

Mortgage lending bounced back last month after falling into the negative for the first time on record in July, latest figures from the Bank of England (BoE) show.

HSBC is making an additional £0.5bn of mortgage funding available to homebuyers with deposits of 10%.

The FSA has proposed a ban on exploitative advertising and high-pressure sales techniques by sale and rent back (SRB) firms.

Saffron Building Society has decided to suspend new lending on equity release after reaching a satisfactory level of lending.