Mortgages

Mortgage lending increased by £1.8bn in January, the highest amount since February last year, the Bank of England has reported.

Nationwide said the housing market was "treading water", as figures show house prices increased by only 0.3% in February following a 0.1% drop the previous month.

The former president of a New Jersey-based mortgage company has been sentenced to 14 years in prison for his part in an £84m fraud scheme.

Millionaire homeowners are moving when other homeowners are staying put

Some UK mortgage lenders continue to punish mortgage borrowers unfairly by pushing them on to higher Standard Variable Rates or making borrowers repay mortgages in-full for minor breaches, said the FSA.

Michael Coogan, director general of the Council of Mortgage Lenders, has announced that he will be stepping down from his role in August.

Northern Rock is set to offer 90% mortgages, just three years after it was bailed out by the taxpayer.

The FSA has fined DB Mortgages, part of the Deutsche Bank Group, £840,000 for irresponsible lending practices and unfair treatment of customers in arrears, and secured £1.5m in redress for customers.

Which? Money has reported two sale and rent back (SRB) firms to the FSA after uncovering "woefully inadequate" advice.

Lloyds Banking Group has set aside £500m to voluntarily redress an estimated 300,000 Halifax customers potentially confused by its SVR cap.