Mortgages

The FSA this week moved to allay fears interest-only deals will disappear from the market, saying it remains a "sensible" option for some consumers.

Buy-to-let lending rose 12% in Q3, supported by ongoing demand for rental property, according to CML data.

Which? has denied a new mortgage advice service is a rejection of the current advice market, as brokers gave a mixed response to the launch.

The director of a mortgage lender who branded some customers "evil" has been fined £70,000 and banned by the FSA for irresponsible lending and unfair treatment of customers in arrears.

House prices rose by 1.8% in October after a steep drop during the previous month, according to the Halifax.

Freddie Mac has reported a Q3 loss of $4.1bn, built largely on bad home loans and dividend payments to the Treasury.

National IFA Positive Solutions is hosting a series of mortgage seminars across the UK, outlining to advisers the current state of the market and its likely future direction.

Abbey for Intermediaries is reducing its rates on both fixed and tracker products.

Santander will complete its rebrand of 300 Alliance & Leicester (A&L) branches by the end of November, bringing the total number of Santander branches on the UK high street to over 1,300.

Essex-based independent broker Stonebridge Group has launched a new mortgage and insurance network.