UK Asset Resolution (UKAR), the government agency responsible for winding down Northern Rock and Bradford & Bingley after their nationalisation, has sold some £450m of Northern Rock loans to US private equity firm JC Flowers.
Santander has launched its first mortgages under the government's Help to Buy equity loan scheme.
The government is set to agree to sell some £450m of Northern Rock loans to American private equity firm JC Flowers, according to reports.
A tax tribunal ruled against a £135m stamp duty avoidance scheme, which included the Chelsea Barracks property deal.
A fifth of IFAs expect to see a "significant" increase in the number and size of fines inflicted on the financial services sector over the next five years, according to research.
Chancellor of the Exchequer George Osborne has refuted suggestions that the government's Help to Buy scheme will start a house price bubble and confirmed the final details of the mortgage guarantee aspect will be released in two weeks.
David Johnson, the man credited with creating the specialist mortgage lending market in the UK and an industry veteran of 40 years, has died aged 67.
Mortgage brokers would like to see greater product innovation in the first-time buyer and equity release sectors, according to the latest by IFAonline sister title Mortgage Solutions poll.