Mortgages

Voluntary guidelines for lenders, which state repossession should only be a last resort, should be binding on all lenders, according to the Liberal Democrats.

Alliance & Leicester has reduced interest rates on all but one of its mortgage products by at least 0.1%.

Dunfermline Building Society and Home & Capital have been added to Equity Release Club's (ERC) panel of providers.

Mortgage advisers are bracing themselves for a continued slump in business over the next three months despite reports the market is levelling out, research by Legal & General (L&G) suggests.

The number of buy-to-let loan approvals has fallen by 18% over the past twelve months, according to the Council of Mortgage Lenders (CML).

A large majority of potential home movers are delaying their home purchase in hope of a possible stamp duty holiday.

Mortgage approvals have remained broadly stable in July but are far below the levels seen in 2007, according to the British Bankers Association (BBA),

Nationwide Building Society will cut its fixed rate mortgages by as much as 0.2%, as well as launching new products.

The FSA has publicly censured a brokerage as part of its thematic project into the quality of mortgage advice, and would have fined the firm £24,000 were it not in financial difficulty.

Mortgage borrowers languishing on their lender's standard variable rate (SVR) could save £705m a year by remortgaging, according to Impartial.co.uk.