Mortgages

A Pension Term Assurance (PTA) factsheet has been launched by the Association of Mortgage Intermediaries (Ami).

The Financial Services Authority (FSA) has fined intermediary mortgage firm Rainbow Homeloans £35,000 for systems and controls failings which, it says, exposed around 1000 people to the risk of being sold unsuitable products.

Gross mortgage lending in May stood at £18.2bn and was the highest monthly amount on record, according to the latest figures from the British Bankers Association (BBA).

Packagers remain crucial to the mortgage industry new research from Platform reveals.

Sesame has slashed its packager panel from 53 to 17 stating that it has found it difficult to maintain its relationships with all of its packagers since the onset of mortgage regulation.

Scarborough Building Society chief executive, John Carrier has issued a warning to mortgage lenders over increasing levels of personal debt.

More than 3.85m people believe the government will help them out with their mortgage if they lose their job, new research from Lincoln Financial Group suggests.

Fears home information packs (Hip) will have a negative impact on financial intermediary business levels appear to be justified following the publication of a report from business analyst, KPMG.

The latest minutes from the Bank of England's Monetary Policy Committee (MPC) meeting on the 8th June reveal seven members voted to hold interest rates at 4.5%.

The government has been called upon to work with equity release providers to develop more appropriate schemes to enable older people to realise part of the capital in their homes.