Mortgages

The FSA has banned a Cornwall mortgage broker for submitting false information on mortgage application forms.

Intermediary mortgages are £200 more expensive each month than comparable direct products, according to research.

Nationwide has predicted positive house price growth for the rest of 2009, after prices rose by 1.3% in July.

Abbey and Alliance & Leicester has become the second biggest mortgage bank in the UK by claiming a 16.3% share of gross mortgage lending in the first half of 2009.

Mortgage approvals for house purchase and remortgaging in June have risen above the previous six-month average.

Gross mortgage lending by building societies hit the highest level seen this year in June although it remains 40% lower than last year.

House prices have experienced their first monthly rise since January 2008, according to the latest figures from the Land Registry.

Global commercial property rents experienced the biggest decline in Q2 for five years with surveyor sentiment remaining depressed, according to Q2 2009 RICS Global Commercial Property Survey.

The Association of Mortgage Intermediaries (AMI) has formed a working party of its members to consider the major issues facing the mortgage market.

Mortgage approvals hit their highest level since March 2008, according to the latest statistics from the British Bankers Association (BBA).