Mortgages

Future Mortgages has been shutdown by parent company Citi and will cease all new lending from 21 May.

First Direct has confirmed it will resume selling mortgage to non-customers from today.

The Mortgage Business (TMB) will allow brokers to access client offer documents online and print them locally, it was announced today.

The number of house sales could fall by at least 40% this year, according to the Royal Institute of Chartered Surveyors (RICS).

Investec Structured Products, a trading name of Investec Bank (UK), today launches a range of structured products for the adviser market designed to meet different risk/return profiles.

Brokers say their role is becoming increasingly advisory, rather than sales focused, as the mortgage market dries up.

Mortgage brokers and advisers are continuing to support IFAonline.co.uk's campaign for action on dual-pricing, with over 30 detailed responses received so far.

Mortgage Next has launched a number of insurance products for directly authorised brokers, which guarantee to pay 30% commission for the life of the policies.

Thinc Group has apologised for failures when selling and advising on sub-prime mortgages after the firm was yesterday fined £900,000 by the FSA.

Abbey has today made reductions to its flexible mortgage and tracker mortgages, along with some fixed-rate reductions for customers with big deposits.