Mortgages

The parliamentary under secretary of state for housing and planning, Iain Wright MP, has been heckled at a conference hosted by the Association of Home Information Pack Providers (AHIPP).

The IMF has warned the UK housing market could be about to enter a slump like that seen in the US.

Retirement Plus, a home reversion provider, has today announced it has agreed to merge with Milton Homes by the end of November subject to regulatory approval.

Landlords' portfolios are generating the highest total returns since June 2006, according to Paragon Mortgages.

Gross mortgage lending has fallen by £4bn between August and September, but remains higher than the same period in 2006, according to the Council of Mortgage Lenders (CML).

The FSA has fined an adviser firm £10,500 for exposing consumers to the risk of being sold unsuitable equity release products.

Standard Life Bank has expanded its Freestyle range with a term tracker product in response to strong consumer demand.

The number of mortgage products available has shrunk by 40% since the beginning of the credit crunch, according to eMoneyfacts.co.uk.

Up to one million households in the UK could be using credit cards to meet their monthly rent and mortgage payments, according to homelessness charity, Shelter.

Some 6.500 homebuyers, who have already exchanged on properties, could lose thousands of pounds as lenders use loopholes to try and pull out of mortgage offers before completion, according to Convex Conveyancing.