Mortgages

The FSA has today set out its approach for tackling mortgage fraud, which it says will make it harder for criminals to escape punishment.

Edeus is offering cash back to selected customers if they repay their mortgage balances.

Paragon shares have climbed more than 17% this morning after the mortgage lender confirmed it is in takeover talks.

The FSA has publicly censured Mandrake Associates Limited (MAL) and prohibited its director from customer functions in financial services for poor handling of mortgage endowment complaints.

The cost of an average two-year fixed rate mortgage has fallen below 7% after prices rocketed in recent months.

Woolwich is cutting its fixed rate mortgages as lower swap rates allow it to pass on cost savings.

The Mortgage Works has launched a large loans proposition, featuring mortgages of up to £5m, to a limited number of intermediary firms.

Equity Release Club (ERC) has today launched its online training website, www.equityreleasetraining.co.uk , providing material for advisers looking to improve their knowledge of the sector.

HBOS group is to reduce rates on a number of its fixed rate and mortgage tracker products.

Foreign banks are seeing a healthy flow a business in the upper end of the UK buy-to-let market as British banks shy away, according to HFM Columbus.