Mortgages

The value of new equity release business has fallen nearly 7% over the past twelve months, but is faring considerably better than the mainstream mortgage market.

Nationwide has announced it will increase rates on its tracker mortgages from tomorrow.

Three in four UK mortgage lenders have not passed on the Bank of England's full 0.5% base rate reduction to their variable rate customers.

Mortgage fraud has doubled over the past year, according to figures from the Land Registry.

Kent Reliance Building Society says it would not be treating its savings customers fairly by cutting its standard variable rate (SVR).

Gross mortgage lending has fallen nearly 50% from its peak in October 2007 after the market saw its slowest September in seven years.

Nationwide has announced it will close its UCB Homeloans brand in response to the slowing mortgage market.

Most brokers are continuing to recommend products unavailable via intermediaries despite growing opposition to dual-pricing, research suggests.

Scottish Widows has come under fire after incorrectly labelling a fast-track mortgage as a self-certified product, potentially leaving intermediaries vulnerable to FSA fines.

Tenet Group has teamed up with Legal & General (L&G) to launch a new mortgage proposition for those looking to operate an internet or remote advice model.