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HSBC will launch a two-year discounted mortgage at 1.99% available up to 60% LTV on Monday.
Distressed bank Northern Rock recorded a statutory loss of £257m in 2009, compared to a loss of £1.4bn the previous year.
Equity release provider Stonehaven has temporarily suspended all new lending.
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The slow but steady rise in house prices in recent months may be stunted as more properties come on to the market, surveyors say.
State funded banks are becoming less willing to actively compete with privately owned rivals, according to Moneyfacts.
UK house prices fell for the first time since June 2009 due to the end of stamp duty relief, icy weather and more properties being put up for sale, according to Halifax.
The Association of Mortgage Intermediaries (AMI) has slammed HSBC for abusing its position and attempting to steal business from other banks by forcing homebuyers to consider its own mortgages.
Nationwide will no longer assess a borrower’s affordability based on its income multiplier from tomorrow.
Santander has cut the rates on its 80% LTV mortgages by 0.74%.
Bromley mortgage broker Dele MacAulay has been jailed for 21 months for knowingly submitting nine fraudulent mortgage applications for himself, his wife, and his brother.
Gross lending by building societies was subdued in January at £1bn, a drop from £1.8bn in December, as funds for mortgage lending remained unavailable.
Towergate Financial today revealed mortgage brokerage John Charcol went into administration before it acquired the company.
Towergate Financial, the financial advisory business of the Towergate Partnership, has bought beleaguered mortgage broker John Charcol.
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