FSA outlaws non-advised mortgage sales
The Financial Services Authority (FSA) has confirmed it is removing the non-advised sales process for mortgages, but has clarified its definition of 'regulated' advice following concerns from lenders.
View ArticleFSA: mortgage rules will return 'common sense' to market
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...
View ArticleThe final MMR rules: condensed
They have been several years in the making, but today the Financial Services Authority (FSA) published its final rules for mortgage sellers following the Mortgage Market Review (MMR).
View ArticleMMR: right policy, wrong time
Keith Green, from consultants Navigant, assesses the Financial Service Authority's (FSA's) final rules for mortgage sellers...
View ArticleMortgage lender Accord cuts rates in ten-day sale
Accord Mortgages has launched a ten-day sale on six of its mortgage products.
View ArticleAMI expects bumper year for mortgage advisers
The Association of Mortgage Intermediaries (AMI) said it expects advisers' share of the mortgage market to increase markedly this year as a raft of changes boost their prospects.
View ArticleBrokers' five biggest bugbears
It's Emma Mason's job, as business development manager at Blacks Connect, to visit mortgage intermediaries on a regular basis.
View ArticleCBI demands £1.25bn Budget boost to housing market
The Confederation of British Industry (CBI) has urged the Chancellor to make house building and home finance the main plank of his upcoming Budget in order to boost confidence in the economy.
View ArticleHouse prices rise biggest in three years
House prices in England and Wales rose by 0.3% in March, the largest month-on-month increase since March 2010, figures suggest.
View ArticleHalifax to pay Stamp Duty bill for first-time buyers
Halifax's mortgage adviser arm, Halifax Intermediaries, is set to pay the full Stamp Duty bill for first time buyers purchasing homes worth up to £250,000.
View ArticleThousands of interest-only mortgage borrowers face funding shortfall
Hundreds of thousands of interest-only mortgage borrowers whose deals mature before 2020 are likely to face a funding shortfall, according to estimates produced for the Financial Conduct Authority...
View ArticleHelp to Buy could fuel house price bubble
Help to Buy could push first-time buyer house prices up 20% to more than £150,000 by the end of 2015, a financial consultancy has warned.
View ArticleAre you ready to become a landlord?
A guide for people considering a move into the buy-to-let market.
View ArticleOlder first-time buyers locked out of Help to Buy
Housing minister Mark Prisk has acknowledged older first-time buyers may miss out on the government's Help to Buy scheme.
View ArticleHome sales data hints at full-blown recovery
The housing market revival witnessed in recent months may soon become a full-scale recovery, figures obtained by a property survey suggest.
View ArticleLloyds returns to profit; eyes orphaned IFA clients
Lloyds Banking Group is back in the black after announcing a profit before tax of £2.1bn for the six months to the end of June - and said it is on course to target IFA clients orphaned by the Retail...
View ArticleHSBC launches 'all-time low' 1.49% mortgage
HSBC has launched the lowest ever fixed rate mortgage seen in the UK mortgage market with a 1.49% headline rate product.
View ArticleQuarter of homebuyers 'paying at least £7k stamp duty'
More than a quarter of home-buyers in England and Wales are now paying stamp duty at the higher rates of 3% or more, research suggests.
View ArticleEd Balls: Help to Buy will squeeze out first-time buyers
Shadow Chancellor Ed Balls has warned the government's Help to Buy scheme will make it harder for would-be first-time buyers to get onto the housing ladder.
View ArticleGovt brings forward Help to Buy launch date
The second part of the Help to Buy scheme will be available from next week after the Government brought forward the launch date by three months.
View ArticleMPs' stark warning on day of Help to Buy launch
The government's popular Help to Buy mortgage scheme could threaten financial stability if it is mismanaged, a group of MPs has warned.
View ArticleQuarter of brokers report surge in Help to Buy enquiries
Mortgage advisers are reporting a rise in Help to Buy enquiries, despite the fact they are unable to places cases yet.
View ArticleUK house prices 5.8% higher than a year ago - Nationwide
UK house prices are now 5.8% higher than this time a year ago, according to Nationwide, but are still 7% off their 2007 peak.
View ArticleStamp duty threatens to pervert Help to Buy effect - CML
The government is undermining its own Help to Buy scheme by imposing a large tax burden on first-time buyers, the Council of Mortgage Lenders (CML) has argued.
View ArticleRBS Intermediary Partners relaunches on Monday
RBS Intermediary Partners is to return to the mortgage market on Monday, the group has announced.
View ArticleBoE to turn off Funding for Lending tap for mortgages
The mortgage aspect of the Funding for Lending Scheme (FLS) is to be discontinued in light of improved market conditions.
View ArticleCML: No evidence of housing boom
The mortgage market is experiencing "strong upwards momentum" and gross lending may top £200bn for the first time in seven years in 2015, but there is little evidence of a housing boom developing,...
View ArticleCable: Govt should reconsider Help to Buy
The government should reconsider its Help to Buy housing scheme, according to business secretary Vince Cable, who spoke of a "raging housing boom' in London and South East England.
View ArticleMutuals mortgage lending doubles in 2013 while arrears fall
Mutuals and building societies have doubled their net mortgage lending over the last year, figures from the Building Societies Association (BSA) show.
View ArticleQuick Quiz of the week's news
How much do you remember from the last seven days in financial services?
View ArticleSantander cuts adviser fees for longer-term mortgages
Santander is updating its quality-based fee structure, including extending the assessment to loan terms of five years or more, resulting in lower adviser fees.
View ArticleFour things to tell clients about the new mortgage lending rules
New mortgage lending rules come into force at the end of the month. Here, Professional Adviser affiliate title, Your Money, assesses how they will affect existing and future homeowners...
View ArticleEconomists heap pressure on Osborne over Help to Buy
Prominent economists have added to calls for the government to pull back from the mortgage guarantee element of its Help to Buy initiative, arguing it is no longer needed.
View ArticleGovt may 'pare back' Help to Buy after Carney's warning
The government may "pare back" its Help to Buy scheme if the Bank of England (BoE) believes it threatens the UK's economic recovery, Nick Clegg has said.
View ArticleFCA may restrict lenders' ability to alter mortgage terms
The Financial Conduct Authority (FCA) may restrict the changes lenders can make to mortgage contracts after assessing the fairness of the existing regulations.
View ArticleStamp duty revenues 'soar to £8bn record high'
The housing market recovery helped stamp duty revenues soar by a fifth in 2014-2015 to a record high of £8bn, according to research.
View ArticleLabour makes first-time buyer stamp duty pledge
Labour would make first-time buyers exempt from stamp duty for purchases under £300,000, Ed Miliband is due to announce.
View ArticleHelp to buy scheme to close this year, Treasury confirms
Chancellor Philip Hammond is to close the former government's help to buy scheme by the end of this year, saying it had "achieved its purpose".
View ArticleHelp to Buy ISA 'a popular warm-up act for LISA'
The help to buy ISA has proved to be popular among savers, as more than 62,000 homes were purchased since its launch, with £54m in bonuses being paid out by the scheme.
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