Mortgages

LV= has launched a flexible lifetime mortgage product that will allow customers to draw down funds from their property.

The number of new mortgage approvals for house purchase has fallen to a record low, according to the Bank of England.

Three quarters of people believe house prices will fall over the next twelve months, according to the Building Societies Association's (BSA) first Price Tracker survey.

Expensive fees introduced by mortgage lenders in recent months could push the housing slump into a full-blown crash, according to Louise Cuming, head of mortgages at Moneysupermarket.com.

Alliance & Leicester will launch a two-year tracker mortgage tomorrow for customers with large deposits.

Leadbay has launched a service to allow mortgage brokers to make a more personal approach to possible customers.

Paradigm Mortgage Services has linked up with protection provider Bright Grey to offer an expanded dual protection proposition to advisers.

Mass-arrests for mortgage fraud like those seen in the US are unlikely to happen in the UK, according to a former FBI employee.

The Council of Mortgage Lenders (CML) has defended lenders' rights to set their own arrangement fees following criticism from Alistair Darling.

Home Buyer Systems (HBS) has launched a guide to help mortgage brokers do business on a fee basis.