Mortgages

Close Mortgages, the mortgage arm of Close Brothers, has today suspended its applications process.

Mortgage Box and Personal Touch have today announced they will join forces with Mortgage Express to launch an exclusive buy-to-let deal.

Mortgages plc has suspended its entire heavy and unlimited adverse product range, as well as tightening other lending criteria it was announced today.

Alliance & Leicester has increased some of its variable rate tracker mortgages deals it was announced today.

A new system for presenting information about the total cost of loans has been proposed by the Council of Mortgage Lenders as a better way for customers to make comparisons.

Paradigm Mortgage Services, the mortgage partnership proposition from Paradigm Partners, has announced the first three companies on its conveyancing panel.

Mervyn King, governor of the Bank of England, says legislation and regulation have made the crisis in the banking industry more difficult to deal with.

Cheltenham & Gloucester is to launch a new range of fixed rate mortgages, which are available exclusively for applications submitted via its online portal for intermediaries, Caseflow.

Gross mortgage lending fell between July and August, indicating the problems in credit markets are affecting mortgage lenders, according to the Council of Mortgage Lenders.

Intermediaries should be wary when advising on buy-to-let products as they may be leaving themselves exposed to litigation claims by clients who lose out if their property is repossessed, according to repossession specialist Paul Walshe.