LENDERS ARE now offering mortgages equal to six times salary to first-time buyers desperate to get a foot on the property ladder, as house prices soar out of reach, says the Daily Telegraph .
A record number of first-time buyers are opting for fixed-rate mortgages, according to data from the Council of Mortgage Lenders.
The Financial Services Authority has announced the second stage of its review of the effectiveness of the mortgage regime will focus on the sub-prime sector, where the risk of consumer detriment may be higher.
The Financial Services Authority has launched a consumer campaign on its website which it hopes will build up a volunteer force of financial services workplace presenters.
An online financial services broker specialising in life cover and secured loans is targeting advisers and mortgage brokers, in an attempt to open up the secured loans market.
The Liberal Democrats have called on the government to consider the creation of stakeholder products for equity release though NS&I, in an attempt to help the ‘asset rich, income poor' sections of society.
Mortgage intermediary firm Purely Mortgages has signed a new type of multi-media lead generation deal which could see a growth of clients through the new ITV Local service.
It's taken a while, but the mortgage industry has finally moved out of the inertia that was the result of the imposition of regulation. Now it is back to what it does best - designing and marketing the most innovative mortgage products in the world. But,...
Interest rates have been maintained at 5.25% following the monthly meeting by the Bank of England's Monetary Policy Committee.
An IFA is calling on other intermediaries to lobby their MPs and push for the regulation of the commercial mortgage advice market.