Mortgages

Brokers hit hard by the credit crunch have started to diversify out of mortgages and into other areas including protection, according to lead distributor paaleads.com.

CHL Mortgages has launched new self-cert and full status home loans.

There are some people who subscribe to the view that if all else fails then blind optimism and a refusal to look facts in the face will see them through.

The number of personal insolvencies dropped 3% to just over 26,000 in the third quarter, according to Grant Thornton.

Volatility in the mortgage market has raised the prospect of an early interest rate cut, a report by the Association of Mortgage Intermediaries (AMI) suggests.

The Bank of England and Northern Rock expect the troubled bank to rack up £30bn in loans by the end of the year, the BBC reports.

Mortgage lender edeus will slash 15% of its workforce in the next few weeks as a result of the recent credit crisis.

HSBC has cut a number of its fixed rate mortgage deals while also launching a new remortgage tracker product.

Kensington Mortgages has announced it will be making around 65 redundancies in the wake of the credit crisis.

Financial planners are coming round to the benefits of ‘third way' investment products, a survey by AEGON suggests.