Legal & Compliance

Legal & Compliance

Nationwide-Virgin mortgage mega-deal probed by CMA

The proposed merger between mortgage and financial service providers Nationwide and Virgin Money is to be investigated by the UK's competition watchdog. ...

Shared Ownership has failed to deliver – MPs slam process and costs

Shared ownership has failed to deliver an affordable route to home ownership for too many and for too long, says a new report. ...

Enhanced mortgage service platform beefs up Consumer Duty compliance

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

New Digital Survey may speed mortgage applications – claim

Metro Bank customers will now benefit from a smoother house buying process thanks to a new partnership with Legal & General Surveying Services.  ...

Brokers Slam NatWest For ‘Not Acting In Consumer Interest’

Brokers have criticised NatWest for allegedly offering a sub-5.0 per cent 60 per cent LTV five -year fixed mortgage rate direct to consumers — and not available via brokers. ...

New FCA checks for ads for mortgages and other financial products

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

FCA slams much late life mortgage advice as sub-standard

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

Just Mortgages gets set for growth with five new regional directors

National brokerage Just Mortgages has kicked off the new year with the appointment of five new regional directors to support its growing self-employed division ...

Estate agent AML checks increase by 31% in 2022

Leading identity verification checks provider, Credas Technologies, claims that anti-money laundering registrations in the real estate sector are set to grow by 30% in 2022. ...

Freeze! Council for Licensed Conveyancers to scrap fee increases

It was announced yesterday that companies regulated by the Council for Licensed Conveyancers (CLC) will not face any rise in application fees, licence fees and regulatory fee rates for the coming year. ...

AML fines issued are expected to increase in the estate agency sector

Research by Credas Technologies reveals that the average Anti-Money Laundering (AML) fine has increased by 63.7% in the estate agency sector.  ...

Property sector still driving increase in AML compliance

Sector data analysis and insight by Credas Technologies, the leading identity verification checks provider, shows that UK estate agents are contributing significantly to another annual increase in the number of UK companies that are registering for Anti-Money Laundering (AML) supervision. ...

The people power behind Open Banking payments

In this guest piece, Jess Gerrow, vice president of marketing at Token provides insight into the human side of Open Banking. ...

Want to put an offering on a property? Here’s how to maximise your chances

Although the property market is excelling, sustained levels of buyer demand have caused pertinent delays at the back end of the property purchasing process. ...

A process of change: Four-day work week trial launched by Evolution Money

The four-day work week has been a subject contemplated by many companies across the nation and Evolution Money has recently announced that it is now involved in the government-sponsored four-day working week trial, with employees across its two biggest customer-facing ...

Interest rate threat and mortgage affordability cause market to stagnate

Higher mortgage costs and economic uncertainty are expected to keep...

Mortgage shock ahead as rates set to rise

Major lenders reprice deals as swap rates climb, adding further...

More mortgage rate misery to come

Rising swap rates are pushing lenders to reprice fixed deals,...
Latest Features

Breeze Capital relaunches with new team and brand refresh  

Breeze Capital appoints a new management team and unveils updated...

8 in 10 regions see rental yield rise

Fleet Mortgages reports average returns of 7.9% across England and...

Mortgage affordability depends on location

Mortgage Genie research reveals borrowers can access larger loans, but...