Mortgages

The FSA has banned three South London mortgage brokers for submitting false applications, backed by falsified documents.

Mortgage Next has announced it will offer the MortgageStream case processing system to its appointed representatives and directly authorised brokers.

Mortgage Next has added two specialist lenders to its panel to provide its brokers with a wider range of buy-to-let and sub-prime mortgage products.

Egg, the online banking brand owned by Citigroup, has pulled out of the UK mortgage market from today.

The Intermediary Mortgage Lenders Association (IMLA) has hit out at Lib Dem shadow chancellor Vince Cable for calling the sub-prime mortgage industry unscrupulous over arrears and repossessions.

Retirement property is bucking the national trend, with sales climbing 3.8% during May, according to Retirement Homesearch.

Bradford & Bingley has raised its mortgage rates by as much as 0.55% for new borrowers.

Only a select few borrowers stand to benefit from the mortgage partnership deal struck between Lloyds TSB and Northern Rock, industry experts argue.

Trevor James, area manager at Progressive Building Society, has taken over as chairman of the Council of Mortgage Lenders (CML) Northern Ireland.

House prices fell 2.4% in May, according to the Halifax, providing further evidence that the UK housing boom is over.