The Financial Services Authority (FSA) has published final rules on mortgage selling, convinced they will "put common sense at the heart of the market" and prevent borrowers taking out unaffordable deals.
The Financial Services Authority (FSA) has prohibited mortgage adviser Anthony Gott from performing any regulated activity carried on by an authorised person, due to his "lack of honesty and integrity."
The Council of Mortgage Lenders (CML) said it is important for borrowers to know the difference between the types of mortgage fees after BBC Watchdog examined lenders "squeezing" homebuyers with large arrangement charges.
A former Credit Suisse trader was arrested in London on Wednesday and faces extradition to the US on fraud charges involving subprime mortgage bonds worth $3bn (£1.9bn).
The government has admitted it is ‘difficult' to ascertain the impact of the LIBOR rigging scandal on consumers and whether banks will have to pay out compensation as a result of it.
Robert Sinclair, chief executive of the Association of Mortgage Intermediaries (AMI), has said the Financial Services Authority (FSA) has "lost the plot" over its decision to allow Tesco to sell non-advised mortgages.