Mortgages

The FSA has publicly censured London-based Mortgageland Limited for poor financial promotions, and inadequate sales and record keeping.

Homeowners finding it difficult to sell their property in the current market are increasingly choosing to let their home, according to the Royal Institute of Chartered Surveyors (RICS).

Brokers are increasingly using technology to help ‘farm' their customer databases for new business, rather than hunting new customers, according to MortgageStream.

Paragon Group, a specialist buy-to-let and consumer finance provider, has seen pre-tax profits fall by 39% over the last six months.

Under siege mortgage advisers worried about their role in the market will be cheered by findings in the Association of Mortgage Intermediaries' (AMI) 'Value of mortgage advice' report released today.

Gross mortgage lending has fallen by 8% over the past year, according to the latest figures from the Council of Mortgage Lenders (CML).

Positive Solutions has attributed a record sales month in April to the "resilience" of its mortgage business.

The Financial Services Compensation Scheme (FSCS) has declared a mortgage adviser to be in default and has begun paying claims against it.

The FSA's current response to the issue of dual-pricing in the mortgage market fails to recognise the role and value of advice for consumers, according to the Association of Mortgage Intermediaries (AMI).

Hector Sants, chief executive of the FSA, has responded to mortgage adviser Stuart Duncan's open letter, in which he expressed his concerns about dual-pricing in the mortgage market.