moneysupermarket.com comments on the FSA’s plans to ban self-certified mortgagesCommenting on the FSA’s plans to ban self-certified mortgages, Hannah-Mercedes Skenfield, mortgage expert at moneysupermarket.com said:
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Debt charity welcomes increased protection for homebuyers
Consumer Credit Counselling Service (CCCS) welcomes the ban on self-certified mortgages that has been proposed by the Financial Services Authority (FSA).
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CML responds to FSA responsible lending proposals
In response to the FSA’s consultation paper on responsible lending, the Council of Mortgage Lenders emphasises that the mortgage industry recognises the inevitability of regulatory change – but points out that there may also be unwelcome side effects for consumers from this process.
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New affordability tests for mortgage borrowers
The Financial Services Authority (FSA) has outlined proposals to ensure all mortgages are carefully assessed to make sure borrowers can afford them.
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FSA demands tough standards from sale and rent back firmsThe Financial Services Authority (FSA) has set out the rules which will ensure there are proper protections in place for vulnerable customers in arrears on their mortgages or entering sale and rent back (SRB) agreements.
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FSA bans three individuals for mortgage fraudThe Financial Services Authority (FSA) has announced it has banned three mortgage brokers from working in the financial services industry; and fined two of the brokers £294,500 and £120,000.
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FSA bans Swindon based mortgage brokerThe Financial Services Authority (FSA) has banned sole trader Joseph Masi, trading as Select Mortgage Services, for breaching a settlement agreement with the FSA and providing false and misleading information to the FSA.
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House prices fell by 0.9% in August, the second consecutive month where a fall has occurred leaving the average house price at £166,507, Nationwide has said.
Lloyds TSB has introduced a new, market leading fixed rate mortgage at 2.94%, the product is available both for house purchase and remortgage for borrowers with a deposit of at least 30%.
Confidence among landlords has dipped for the first time in almost two years, driven by uncertainties including housing benefits and tax changes announced in the emergency budget, according to the latest NLA Landlords’ Optimism Index.
Confidence among landlords has dipped for the first time in almost two years, driven by uncertainties including housing benefits and tax changes announced in the emergency budget, according to the latest NLA Landlords’ Optimism Index.
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