Mortgages

The financial watchdog says it is considering a ban on ‘toxic' loan combinations, including elements such as a high loan-to-value (LTV), interest-only and sub-prime in a single deal.

A total of 26% of borrowers took a fixed rate mortgage in May, which is the highest level since October 2009.

The FSA has banned three mortgage brokers from working in the financial services industry for committing serious mortgage fraud.

House buyers could be refused mortgages under new Bank of England powers to be unveiled tonight by George Osborne.

Housing Minister Grant Shapps said today plans for a national register of landlords in England will be scrapped by the Government.

In a bid to stave off regulatory interference, the CML, IMLA and AMI are trying to forge a new understanding between brokers and lenders.

Robert Sinclair, director of the Association of Mortgage Intermediaries (AMI), says the market is starting to rejuvenate after thousands of brokers were forced out during the past two years.

NatWest Intermediary Solutions is the latest lender to announce job cuts.

Private Finance has launched a prime Central London brokerage team dedicated to the £1m plus market.

Banning referral arrangements between conveyancers and introducers, such as mortgage advisers, is not in consumers' interest, according to a report from the Legal Services Board Consumer Panel.