Mortgages

It is ‘futile' to make predictions of how far property prices will fall given the current market turmoil, says the Council of Mortgage Lenders (CML).

John Charcol has signed a sole-tie distribution agreement with Legal & General to provide mortgage payment protection insurance (MPPI) and other protection products.

The number of mortgages available to people with smaller deposits has dived by 45% over the past twelve months.

Bradford & Bingley (B&B) has signed an agreement to reduce its obligations to buy potentially toxic mortgage debt from GMAC-RFC.

The FSA has banned a London-based mortgage broker for submitting false applications.

The number of mortgages approved for house purchase have fallen to a new record low in August 2008 and have dropped by more than two thirds in the past year, according to the British Bankers Association (BBA).

The Professional Mortgage Packagers Alliance (PMPA) has announced it will close, reflecting the deep turmoil affecting the packager market.

Equity release should be seen as a 'last resort' for pensioners who are struggling financially, according to a new report from Which?.

The Mortgage Alliance (TMA) will launch into the general insurance market following feedback from members.

The FSA is believed to be talking to a number of foreign financial heavyweights about a take-over of troubled bank Bradford & Bingley, according to The Sunday Telegraph.