Mortgages

Octopus Mortgages has been banned from carrying out regulated activities after it failed to pay fees owed to the Financial Services Authority (FSA), despite repeated requests to do so.

Gross mortgage lending totalled £25.1bn in April - the highest April lending figure on record, according to the latest data from the Council of Mortgage Lenders (CML).

The Building Societies Association (BSA) has called for home information packs (Hip) to be voluntary when they are introduced at its annual conference in Manchester today.

West Bromwich Building Society has announced the launch of a dedicated service channel for intermediaries.

Origo has reached an agreement to collaborate with international property standards organisation Pisces, following the launch of Origo's mortgage standards initiative.

Mainstream lenders are playing a waiting game in terms of the equity release market because of a lack of experience and higher lending risks associated with the product, a new research report from Datamonitor claims.

The Bank of England was split three ways over what to do about interest rates at the most recent meeting of the Monetary Policy Committee (MPC) on 4 May it has been revealed.

Paymentshield estimate that by not selling MPPI, you could be missing out on £45,000 or more over the course of five years.*

Equity release customers face an extra £1,600 extra a year interest on lifetime mortgages, according to research conducted by comparison website MoneyExpert.

All loan operations of Preferred and Southern Pacific Mortgages Limited (SPML) are to be combined and reorganised over the next six months to reflect a new group structure, parent company Lehman Brothers has announced.