Mortgages

GMAC-RFC has offered to review potential completions for customers who have received mortgage offers from Victoria Mortgage Funding, which went into administration yesterday.

Bargain season on the high street invariably comes with lots of shops attempting to offload goods at knock down prices.

UNIFi Partners has become accredited with secured loans lender, London & Scottish Bank, allowing it to give complete product coverage to all members it was announced today.

The Mortgage Broker (TMB) has announced a series of measures to help packagers affected by the closure of Victoria Mortgages, which went into administration earlier today.

Victoria Mortgages has gone into administration today and will be unable to honour any offers, including pre-completion.

Home Information Packs became mandatory for all three bedroom house sales today, but the National Association of Estate Agents has warned HIPs will adversely affect the three bedroom home market.

CHL Mortgages has today announced its results for the first half of 2007, showing a 62% increase in new mortgage issues.

The FSA has fined mortgage broker, Hadenglen Home Finance Plc, and its chief executive for having inadequate systems and controls when recommending re-mortgages and PPI to customers.

House prices are set to grow modestly in the coming months and the interest rate cycle will reach its peak by the end of 2007, according to members of the Intermediary Mortgage Lenders Association (IMLA).

5D Finance, a specialist commercial mortgage lender, has today announced it will be launching in Scotland.