Mortgages

The Council of Mortgage Lenders (CML) today reports the lowest monthly level of remortgage activity - both by number and value - in eight years of available data.

The average value of a property in England and Wales increased by 1.9% in February to levels recorded three years ago in April 2007.

HSBC will launch a two-year discounted mortgage at 1.99% available up to 60% LTV on Monday.

Fortis UK has announced its protection operation made "good progress" last year and also revealed its proposed new name, Ageas.

Equity release provider Stonehaven has temporarily suspended all new lending.

The slow but steady rise in house prices in recent months may be stunted as more properties come on to the market, surveyors say.

State funded banks are becoming less willing to actively compete with privately owned rivals, according to Moneyfacts.

UK house prices fell for the first time since June 2009 due to the end of stamp duty relief, icy weather and more properties being put up for sale, according to Halifax.

The Association of Mortgage Intermediaries (AMI) has slammed HSBC for abusing its position and attempting to steal business from other banks by forcing homebuyers to consider its own mortgages.

Nationwide will no longer assess a borrower's affordability based on its income multiplier from tomorrow.