Mortgages

The FSA has banned four mortgage brokers and imposed fined totalling £450,000 on three of them for knowingly using misleading and inaccurate information to secure mortgages.

Tesco Bank has confirmed it is on course to launch into the mortgage market this summer, as it aims to become a full-service retail bank.

Mortgage fraud increased by 14% in 2010, with first-party fraudsters responsible for 97% of cases.

A man who committed mortgage fraud while living on benefits has been jailed and ordered to repay £67,131 by Luton Crown Court.

LSL Property Services has awarded nine of its senior directors shares potentially worth more than £1.6m if they meet ambitious growth targets in the next three years.

Continuing restrictions threaten the product's existence

Lloyds Banking Group has confirmed four of its intermediary sales bosses have been asked to reapply for their jobs following the closure of Cheltenham & Gloucester for Intermediaries in March.

The number of mortgage products available through UK intermediaries has pushed beyond 10,000 for the first time in years.

Countrywide, the UK's largest mortgage broker and property services group, has acquired network and mortgage club Mortgage Intelligence.

Coventry Building Society has flagged its willingness to buy the so-called "good-bank" Northern Rock and remutualise the state-owned lender after its bail out and nationalisation in February 2008.