Mortgages

Safe Home Income Plans (SHIP), the equity release industry body, says people need to be reassured that they can still use equity release plans despite falling house prices.

A south London mortgage adviser has been banned indefinitely for doctoring seven mortgage applications and submitting them to lenders.

Home Buyer Systems (HBS) has announced it will allow brokers to produce KFIs for direct mortgage products to help them deal with the withdrawal of intermediary exclusives.

Chelsea has withdrawn its range of intermediary products after receiving unprecedented demand.

Base Commercial Mortgages has offered to review pipeline cases from brokers left in the lurch by Salt Commercial's recent decision to cease new lending.

Halifax says house prices fell by 0.9% in the twelve months to April, providing further evidence the housing market is in decline.

Abbey for Intermediaries has announced it will re-introduce mortgage exclusives for brokers after withdrawing them last month.

Northern Rock has revealed details of 2,000 redundancies to take place over the next few years.

Just Retirement says more advisers need to offer equity release products and says it will continue efforts to assist those wishing to enter the market.

Average rents have risen by 12% in the last six months and have reached a record high, according to Paragon Mortgages.