Mortgages

The FSA has banned its first mortgage introducer, a role which does not require FSA approval, for mortgage fraud.

Mortgage approvals fell 3.5% in February following a slight recovery in January, according to Connells Survey & Valuation.

The Association of Mortgage Intermediaries (AMI) has called on the Chancellor to introduce measures for the mortgage market in his annual budget, due next week.

Brokers are being urged to consider the implications of the Retail Distribution Review (RDR) on the mortgage market.

The number of consumers choosing to remortgage has risen by 43% since March last year, according to Spicerhaart Financial Services.

The Government is to introduce a gold-standard scheme for the mortgage securities market, in an effort to rebuild confidence.

Future Mortgages has released a range of secured second loan products to take advantage of changes to the Consumer Credit Act 2006 (CCA).

One in two mortgage brokers believe the Bank of England will not make more than one interest rate cut this year, according to a survey by BM Solutions.

Mortgages Plc is to withdraw its self-certified facility for employed mortgage applicants it was announced today.

There was a significant increase in incidents of reported mortgage fraud during 2007, with one fraudster making a £10m profit, according to the Association of Chief Police Officers (ACPO).