Mortgages

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While mortgage rates have fallen, the average fees charged on homeloans have hit their highest level for 25 years.

JOBS

Nick Leeson, the trader whose wrong- way bets on Japanese stocks ruined Barings Plc, is joining a mediation firm to advise Irish borrowers looking to renegotiate debts in the wake of the real estate collapse, according to reports.

Activity in the UK housing market has hit a three-year high, surveyors report, supporting hopes of a revival that would help the economic recovery.

An internal review of advised mortgage cases at Royal Bank of Scotland (RBS) showed just two out of 91 customers received mortgage conduct of business (MCOB)-compliant advice.

An internal review of advised mortgage cases at Royal Bank of Scotland showed just two out of 91 customers received MCOB-compliant advice.

Banks and buildings societies are likely to make fresh cuts to mortgage rates, according to the Bank of England (BoE).

A Warwickshire mortgage adviser, working under the company name Roche Commercial, has been jailed for 18-months for stealing thousands of pounds from clients.

The withdrawal of lenders offering interest-only may limit consumer choice, said the incoming CEO of the twin-peaked Financial Conduct Authority, which took over from the FSA yesterday.