Mortgages

The Association of Mortgage Intermediaries (AMI) has welcomed the announcement of a crackdown on mortgage fraud by the Financial Services Authority (FSA) by updating their ‘fraud prevention' factsheet.

Four mortgage intermediary firms have been referred for possible enforcement action following the launch of a fraud reporting system between mortgage lenders and the Financial Services Authority (FSA).

GMAC-RFC has called for a "paid for "dry run of home information packs so their impact on the housing market can be properly assessed.

Halifax has announced the launch of a new improved website for mortgage intermediaries.

The mix-adjusted average house price stood at £183,224 in February, down from £185,404 in January, according to the latest figures from the Office of the Deputy Prime Minister (ODPM).

Details of a dry-run test for Home Information Packs (HIPs) already underway, have been released by the Office of the Deputy Prime Minister (ODPM).

Non-conforming mortgage business is currently on the increase according to broker research from GMAC-RFC.

Interest in commercial property investment has soared in recent years and is expected increase further according to the latest annual commercial property forecast published by the Royal Institution of Chartered Surveyors (RICS).

House prices increased slightly in March, but a quarterly gain of just 1.6% suggests the market rebound may again be beginning to level off, according to the latest Halifax House Price Index.

New licences costing over £1,000 which become mandatory for Houses in Multiple Occupancy (HMO) from 6 April, should only affect selected areas of the rental market, says Landlord Mortgages.