Mortgages

Alliance & Leicester Intermediary Sales is to introduce two new fixed rate products for remortgagers and homebuyers, available exclusively through the intermediary market, from Friday.

TCF Debt Solutions has appointed a number of new members of staff, in a move aimed at improving customer service, after the firm received significant increases in business and new enquiries.

Northern Rock has revealed the enhanced competitiveness of its product range has seen mortgage applications jump by 70% in March, with the average LTV of new lending just 48%.

Mortgage experts have dismissed the Budget's housing proposals as 'largely ineffectual' and say the Government should have gone further to boost the market, especially on stamp duty.

Gross mortgage lending jumped 16% in March to £11.5bn, according to the latest figures from the Council of Mortgage Lenders (CML).

The Building Societies Association (BSA) has confirmed its members have signed up to a Customer Commitment arrangement designed for borrowers in financial difficulty.

A Government scheme allowing households at risk of repossession to defer interest on their mortgage payments has today gone live, though some major lenders have opted to offer their own alternative.

The increasing problem networks face chasing commission clawbacks has been brought to the fore after Your Mortgage Options (YMO) was ordered to pay back commission fees to insurance firm CETA following a court ruling.

Online mortgage adviser Email Mortgages has hit out at lenders persisting with dual pricing strategies, arguing such tactics may smooth worries in the short-term, but will have wider, long-term effects.

The FSA has withdrawn Network Data's approval to carry out regulated activities.