Mortgages

A mortgage broker has been banned for including his gambling winnings in his mortgage application in an attempt to secure an inflated deal.

The West Bromwich Building Society has reached an agreement with debt-holders to boost its financial strength and avoid insolvency by converting of its £182.5m debt into equity.

Lighthouse has reached an agreement with Mortgage Intelligence (MI) that will see the network provide a centralised hub of product and procuration fee information for the wealth management firm's mortgage advisers.

Mortgage completions rose 16% to 35,600 in April, according to the latest data from the Council of Mortgage Lenders (CML).

Home information packs (HIPs) are hindering market recovery and deterring homeowners from putting their properties up for sale, a study suggests.

John Charcol has warned that the recent rise in swap rates will be 'the straw that breaks the camel's back' - forcing lenders to increase the cost of their fixed rate mortgages over the coming days.

The FSA has banned North London broker Akin Johnson for systems and controls failings which led to at least eight mortgage applications being submitted to lenders containing false and misleading information.

Almost a third of Britons (28%) believe buy-to-let property investments will make a loss in the current climate, according to research from Unbiased.co.uk.

Growing demand from potential buyers and a shortage of homes for sale helped boost the housing market in May, according to the Royal Institute for Chartered Surveyors (RICS).

Adviser Matrix has enhanced its service offering for IFAs with the recruitment of Julian Hanson, a fully qualified IFA, who will help provide a bespoke service to advisers using the proposition.