Archive

New Financial Conduct Authority statistics display housing market turbulence over the past two years, raising concerns about buyers and lenders in...

Monthly payments on some 123,000 home loan accounts were cut in the first eight months of the government’s Mortgage Charter.   The...

Mortgage advisers Larry Barreto and Tassib Hussain have been sentenced for fraud offences following a prosecution brought by the Financial Conduct...

The Financial Conduct Authority is working with 12 lenders and administrators to probe the interest-only mortgage market. The number of IO and...

There were 12,000 first time buyers over the age of 50 in the UK in 2022, the latest figures available. This means that...

The number of mortgages with over 30-year terms sold to UK borrowers jumped 13 per cent in the year to end...

Three years ago the Financial Conduct Authority banned discretionary commission arrangements in a bid to end the incentive for brokers to...

End-to-end mortgage service Smartr365 has beefed up its platform to improve the experience of brokers sourcing protection packages for clients. These developments...

The crisis hit Metro Bank is in talks to sell off at least a £3 billion portion of its mortgage book. The...

Half a million mortgage-holders are facing an imminent financial shock as their fixed deals end in the run-up to Christmas or...

The Financial Conduct Authority is introducing new screening checks for firms that approve financial adverts.   Firms approving financial marketing for unregulated firms...

Almost 400 misleading promotions by later life mortgage firms have been binned or amended, thanks to the Financial Conduct Authority.   The...

The number of interest-only (750,000) and part-interest-only (245,000) mortgages has halved since 2015, new Financial Conduct Authority analysis has found.  The fall...

From this week the banking and finance industry’s Reach Out campaign will be seen across out-of-home advertising, radio, print and digital,...

We’re now under four weeks away from the start of the Financial Conduct Authority’s Consumer Duty regime. This introduces a new Consumer...

Organised crime gangs and fraudsters are now thought to be responsible for up to $2trn a year in money laundering, which...

Savings made during lockdown have allowed some borrowers to reduce their debt commitments, with a record £17.6 billion of mortgages repaid...

Over the last ten years, the mortgage market in the UK has changed significantly. Alongside increased regulation of the industry, stricter...

Mortgages have not typically been viewed as a high-risk service when it comes to money laundering, but as the practice becomes...

First 4 Bridging (F4B) has extended its services to the North West of England with the appointment of Simon Bancroft as...

Mortgage brokerage CLS Money has warned advisers that it’s high time they revisit all of their customers who have struggled to...

The emergence of new digital tools and services is becoming an increasing driver of intermediary mortgage business, according to Intermediary Mortgage...

Martin Brown has been appointed as the new role of head of products at Pepper Money. Brown joins from lifetime mortgage lender,...

A staggering £15.4 billion of annual interest is being paid by mortgage borrowers sitting on their lenders’ standard variable rate (SVR),...

Pepper Money has finalised the terms to acquire 100% of the second charge lender, Optimum Credit Ltd. The purchase will see Pepper...

Intelenet Global Services has launched a new ‘Lending Suite’ to help banks generate mortgage offers in as little as 30 minutes. The...

Legal & General Home Finance has announced a new 5-year partnership agreement with Virgin Money. The alliance will see the retirement lender...

Scottish Building Society has added a retirement interest-only (RIO) mortgage to its range of products for older people. Since the Financial Conduct...

The UK’s first digital mortgage settlement has been carried out by Premier Property Lawyers and Shieldpay, bringing transformation to the £245...

The Association of Short Term Lenders has announced the first two speakers - Lorna O’Brien of the Financial Conduct Authority (FCA)...

The Society of Mortgage Professionals (SMP) has announced that it is expanding its roadshow this year from 10 to 12 regional...

The adviser community has offered broad support to the merits of a standalone equity release qualification, according to a joint survey...

Following the introduction of new lending rules in April 2016, under the Mortgage Market Review (MMR), many banks and building societies...

A new lender, which is aiming to target older borrowers, has received full regulatory approval from the Financial Conduct Authority (FCA). Mortgages4Life,...

The latest Broker Sentiment Survey by bridging lender MTF has found that delays to mortgage applications have caused brokers the most...

The Council of mortgage lenders has urged action to make it easier for older and retired people to take out mortgages. The...

Second charge mortgage lending is set to top £1 billion this year with £93 million worth of monthly secured lending in...

Landlords seem to be under attack from all sides of the political divide, as Chancellor George Osborne buy-to-let tax crackdown proceeds...

Specialist mortgage lender Masthaven Finance has applied to become a bank offering home loans and fixed-interest savings. It has now submitted its banking...

Brokers and industry specialists have leapt to the defence of equity release following a Financial Conduct Authority (FCA) report suggesting the...

Nearly one million homeowners with interest-only mortgages are a "ticking timebomb" because they have made no plans for paying off their debt. The...

The National Association of Commercial Finance Brokers (NACFB) is holding an interim conference to support the next set of changes that...

The Financial Conduct Authority (FCA) will discuss the impact of the EU Mortgage Credit Directive (MCD) on borrowers and brokers at...

The Financial Conduct Authority says that, although most borrowers receive suitable advice, lenders and brokers still have room to improve. The FCA’s...

A large majority of asset finance brokers say that they have found it difficult to gain authorisation from the Financial Conduct...

The National Association of Commercial Finance s (NACFB) attracted a record 1,700 attendees to last week's Expo. Registrations were up 26% on...