mortgages

Whereas people would in the past have sought to pay off their mortgages well before retirement, evidence today suggests the pressures of modern life are leading people to hold mortgages much later in life.

Scarborough Building Society Group has sold a mortgage portfolio to Lehman Brothers, the global investment bank, for £180m.

Db Mortgages, the mortgage lending arm of Deutsche Bank, has appointed a further three business development managers.

It's not just young people who are carrying the debt burden as evidence shows pensioners still have debts into their 70s.

Professional Mortgage Partnerships Network plans to move its portal services from Assureweb to The Exchange.

Consumer confidence in the current economic situation has fallen to its lowest ever level, claims Nationwide.

Millfield has appointed PriceWaterhouseCoopers as administrators of a number of its subsidiaries.

The administrators of Millfield South East (MSE) are contemplating legal action against Millfield Partnership, if the firm continues to refuse to co-operate.

Andrew Strode-Gibbons, former chief executive and chairman of The Mortgage Lender, has launched a new provider into the market.

The latest entrant to the non-conforming mortgage market has announced two new additions to the sales team.