mortgages

The FSA has banned North London broker Akin Johnson for systems and controls failings which led to at least eight mortgage applications being submitted to lenders containing false and misleading information.

Despite the Bank base rate being held at 0.5%, lenders are increasing average mortgage rates, widening the margin above the Libor, according to Moneysupermarket.

Brokers expect to handle slightly more business for first-time buyers and home movers over the next two months, according to the latest research from the Intermediary Mortgage Lenders Association (IMLA).

A Kent-based mortgage adviser put his services up for sale on online auction site eBay as a last resort after months of looking for work.

Gross mortgage lending declined to an estimated £10.4bn in April, down 9% from £11.4bn in March and 60% down from £26.1bn in April 2008, according to the Council of Mortgage Lenders (CML).

Brokers are working extra hours including sacrificing their bank holiday weekends in order to research the latest mortgage deals rates, according to research from Abbey for Intermediaries.

Both first-time buyers and home movers are benefiting from the lowest debt servicing costs since 2004, according to the latest monthly lending survey from the Council of Mortgage Lenders (CML).

It may well be that the entire UK population has Seasonal Affective Disorder (SAD) but I do get some sense that having moved to British Summer Time we are all trying to be that much more positive about the current economic situation.

Barclays intends to increase lending to its UK customers and clients in 2009 by £11bn, with half of that figure going to homeowners and homebuyers.

Gordon Brown's scheme to help struggling borrowers avoid repossession by reducing their mortgage payments for two years has been shunned by major lenders, according to The Guardian .