Mortgages

The recession has reduced the time left for 'AAA' rated states including the UK to avert sovereign debt crises as their populations age, Moody's warns.

Coventry Building Society has announced ITL Mortgages, the intermediary subsidiary of Stroud & Swindon Building Society, will close to new business when the two societies merge on 1 September.

Coventry Building Society's head of sales explains how its intermediary offering will evolve after the integration with Stroud & Swindon.

Jonathan Samuels, chief executive of Drawbridge Finance, explains how this specialist funding tool is useful for clients in a tough lending climate.

Vanessa Owen, head of equity release at LV=, explains the opportunities in the equity release market and what it takes to be an adviser in the sector.

UK asking prices have fallen 1.7% this month as sellers outnumber buyers and the seasonal lull combined to take the heat out of the property market.

First Direct customers are facing a month wait for mortgage interviews after demand soared when it slashed application fees to £99 at the start of July.

The Council of Mortgage Lenders (CML) has revised down its forecast on the numbers of borrowers who will fall behind with mortgage payments or lose their homes.

The FSA has issued a warning against Sevenoaks-based sole trader Mark Ainley for breaching his authorisation by entering into sale and rent back agreements.

Birmingham-based Wise Owl Services is no longer permitted to conduct insurance and mortgage activity after the FSA contacted the firm over concerns about its sales practices.