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Mortgages

Mortgages

Govt under pressure to extend stamp duty holiday

Housing experts are calling on the government to extend its stamp duty concession for first time buyers (FTBs).

clock 14 February 2012 •

Regulation

Aegon pays off client's mortgage after pension blunder

Aegon has been ordered to pay a customer £10,500 in compensation after it told him he would receive double the pension income he was actually due.

clock 10 February 2012 •

Industry

Santander drops interest-only LTV to 50%

Santander is reducing the maximum loan to value on its interest-only residential deals to 50%, in a move it hopes will encourage some borrowers to select a capital repayment mortgage.

clock 08 February 2012 •

Industry

Osborne threatens to cap mortgage LTVs

Limits on loan-to-value (LTV) mortgages were back on the agenda last night after George Osborne told MPs the Bank of England could intervene to prevent another housing crisis.

clock 07 February 2012 •

Products

Tesco Bank to launch mortgages by April

Tesco Bank's chief executive, Benny Higgins, has suggested that its long-anticipated launch into the mortgage market will happen by as early as April this year.

clock 06 February 2012 •

Mortgages

SRB market shuts after FSA poor practice review

The FSA has temporarily shut the sale and rent back (SRB) market after a review found most transactions were either unaffordable or unsuitable and should not have been sold at all.

clock 03 February 2012 •

Mortgages

Bank adviser guilty of aiding £700,000 mortgage fraud

A Cheltenham & Gloucester mortgage adviser has admitted to helping two brothers fraudulently obtain mortgages worth £700,000 by ignoring discrepancies on their loan applications.

clock 26 January 2012 •

Structured Products

Fit to fly and safe to eat, so why not good to buy?

Derek Bradley, CEO of PanaceaIFA.com, laments the FSA’s decision not to pre-approve financial products.

clock 26 January 2012 •

Economics / Markets

MPC still unanimous on bank rate but predicts more QE

The Bank of England's Monetary Policy Committee (MPC) once again voted unanimously to maintain interest rates at 0.5% and keep the quantitative easing (QE) programme at £275bn in January, despite fears inflation may fall below target levels.

clock 25 January 2012 •

Mortgages

Magistrate escapes jail for £360k mortgage fraud

A former magistrate found guilty of a £360,000 mortgage fraud has been spared a jail sentence after a judge ruled her behaviour "wholly uncharacteristic".

clock 24 January 2012 •
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