Mortgages

Swift could cut over a third of its staff as it consults with up to 60 over possible redundancies.

The number of highly paid workers turning to individual voluntary arrangements (IVAs) has increased ten-fold thanks to the credit crunch, according to comparison site IVA.com.

House prices have grown by just 1.1% over the past year, the lowest annual growth rate since 1996, according to Nationwide's house price index.

The average deposit from first time buyers has risen by two thirds since October last year, according to statistics from Leadbay.

Stroud & Swindon Building Society has withdrawn its entire range of intermediary mortgage products.

Chelsea Building Society has confirmed details of its new product range after it withdrew intermediary products earlier this week.

Nottingham Building Society is to withdraw its current mortgage products and launch a new range tomorrow.

Mortgage lending for house purchase has fallen by almost a third over the past year, according to figures from the British Bankers Association (BBA).

Godiva Mortgages, the intermediary lending arm of Coventry Building Society, will change its current range mortgage products from 28 March.

TCF Info, a website designed to help mortgage intermediaries with Treating Customers Fairly (TCF) regulation, has received the support of two more lenders.