Mortgages

The FSA has confirmed it will delay publishing its next Mortgage Market Review (MMR) consultation paper until early autumn, as it seeks to strike the right level of regulation for consumer protection.

The Association of Mortgage Intermediaries (AMI) has hit back at lenders who claimed third parties, including brokers, represented some of the industry's biggest fraud risks.

Mortgage lenders have identified third parties such as solicitors, brokers and valuers as being among the main sources of fraud risk.

Colin Walsh, chairman of the Council of Mortgage Lenders (CML), is set to leave the organisation.

Variable rate mortgage lenders are failing to pass on cuts in the base rate to customers, meaning some will face "real financial difficulty" when rates climb again, research suggests.

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The 8.1% increase in house prices in the first half of 2011 will largely reverse in the next six months, as oversupply of property runs up against lack of funding, according to Rightmove.

Homeowners in the most economically prosperous areas of the UK saw the value of their property rise by £147,000 in the decade to 2008, more than a third higher than the jump in locations with the smallest levels of economic activity, research suggests....

Sir Callum McCarthy, the former chairman of the FSA, is preparing to launch a new type of mortgage business he claims could kickstart the UK housing market.

Northern Rock is to be sold rather than remutualised or floated on the stock market, the Chancellor said last night.