Mortgages

The number of mortgage products available as exclusives to the intermediary market has fallen by over 87% since last year, according to new research from Abbey for Intermediaries (AfI).

A weak housing market continues to fuel a letting boom, as demand for rented accommodation in July grew by 76% year on year, according to Your Move.

The Government must intervene to stem the number of people falling behind on mortgage payments after new figures showed court mortgage possession orders have climbed almost 25% since this time last year.

LV= has reduced the rate of interest on its recently launched Flexible Lifetime Mortgage by 0.2% to 6.75%.

Yorkshire Building Society has today launched a new range of fixed rate mortgages.

Orbiter Group has confirmed its online sourcing and compliance system will be able to search for direct-only products, enabling brokers to work on a fee basis if desired.

Advisers have criticised suggestions that most endowment mortgages were mis-sold.

Just Retirement is suspending upfront fees on its equity release mortgage range until the end of 2008.

Mortgage brokers still have time to fully implement the FSA's Treating Customers Fairly (TCF) initiatives, despite many missing the initial March deadline, according to Mortgage Stream.

Norwich Union is launching the Capital Protected Plan 2 which is designed to return twice the rise in the FTSE 100, up to a specified maximum, and protect an initial investment.