Mortgages

Abbey for Intermediaries (AfI) and Alliance & Leicester Intermediary sales are to mark the launch of their new integrated sales force by introducing two broker exclusive products.

Mortgages for Business has launched a network just for unregulated advisers who wish to transact buy-to-let business.

SHIP (Safe Homes Income Plans) will submit a manifesto to the Government this summer stressing the importance of equity release as a mainstream solution to the growing pensions gap.

Norwich Union (NU) says it has regained its position as the number one provider of equity release products following a series of product innovations and promotions during 2008.

Net lending by UK banks rose slightly in February, up £3.9bn, according to figures from the British Bankers' Association (BBA).

The FSA has publicly censured Doncaster-based broker Mortgages Remortgages for exposing up to 80 of its customers to the risk of being sold an unsuitable self-certified mortgage.

Home sellers and estate agents have been warned they should be speaking with their home information pack (HIP) providers ahead of the changes that take place early next month.

Abbey for Intermediaries is to launch a new range of flexible offset mortgages at Bank base rate plus 3.25% from tomorrow.

Gross mortgage lending fell below £10bn in February to its lowest monthly figure for more that eight years, figures published by the Council of Mortgage Lenders (CML) show.

The Bank of England's Monetary Policy Committee (MPC) voted unanimously both to cut Bank base rate by 50 basis points in March and to support the bank's asset purchase scheme.