The Financial Conduct Authority (FCA) has begun tracking intermediaries' and lenders' progress towards implementing new rules following the Mortgage Market Review (MMR).
House prices have risen by an average of £6,726 in the past year thanks to a ‘significantly improved’ mortgage market.
Phil Whitehouse, head of The Mortgage Alliance (TMA), examines what action brokers can take to make sure they don't lose out in a dual-pricing environment.
There is further bad news for interest-only borrowers, with Nationwide and Halifax the latest lenders to cut their maximum LTVs to 75%.
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