Mortgages

The number of mortgage approvals fell by 15% in March as credit conditions continued to tighten across the industry, according to the latest figures from the British Banker's Association (BBA).

LeadPoint has begun selling ‘payday loan' leads, which it says is one of the fastest growing UK consumer finance sectors.

The Council of Mortgage Lenders (CML) says its members are reviewing a number of initiatives to help borrowers at risk of repossession.

John Carrier, chief executive of Scarborough Building Society, will retire at the end of this year.

Leadbay has reduced the LTV on a variety of different mortgage types to ensure brokers are not paying for leads they cannot place.

Mortgage arrears levels at Bradford & Bingley (B&B) have risen in the first quarter of 2008, according to the firm's interim report.

The FSA has banned a Derry-based mortgage broker indefinitely for not being competent to give advice and for leaving his business open to mortgage fraud.

Trigold has partnered with Hometrack to offer customised on-demand intermediary property valuation reports.

The Association of Mortgage Intermediaries (AMI) has proposed approaching Sovereign Wealth Funds to help boost investment in the UK mortgage market.

Abbey has withdrawn much of its range of buy-to-let tracker mortgages, with just a single product remaining.