Mortgages

Financial services firms must make sure their customers understand what they are letting themselves in for when they sign up for mortgages, consumer loans and other products, according to the OECD.

Over two in five of those having difficulty paying their mortgage do not seek advice in dealing with their problems, according to Adam Phillips, chairman of the Financial Services Consumer Panel (FSCP).

Brokers are expecting an upturn in mortgage business in the third quarter of 2009, research from Paragon Mortgages reveals.

The Bank of England's (BoE) latest Credit Conditions Survey has revealed lenders expect to make credit more readily available to households and businesses over the next three months, after increased lending over the last quarter.

Jon Cudby gives the lowdown on the all-new IFAonline

House prices in the UK rose by 1.1% between the first and second quarter of this year, according to new statistics.

Net lending increased by just £0.6bn in May compared to an April increase of £1.1bn, figures from the Bank of England show.

Abbey for Intermediaries (AFI) has taken steps to improve its service offering by making changes to its application process, meaning cases that fail to meet the lender's new guidelines will be declined and not reconsidered.

Members of the Legal & General (L&G) Mortgage Club have voted overwhelmingly against the use of dual pricing by lenders.

One in six prime UK mortgages is in negative equity, with the possibility this figure could climb to one in three if house prices fall in line with its expectations, Fitch warns.