News - Industry
The Co-operative Bank is to withdraw its interest-only mortgage range, it has announced.
A mortgage broker has been jailed for six and a half years after being found guilty of multiple mortgage frauds.
Demand for UK housing hit its highest level in two years in March as more properties were put up for sale ahead of the Stamp Duty holiday-end, data suggests.
Other News - Industry articles
Santander is reducing the maximum loan to value on its interest-only residential deals to 50%, in a move it hopes will encourage some borrowers to select a capital repayment mortgage.
Limits on loan-to-value (LTV) mortgages were back on the agenda last night after George Osborne told MPs the Bank of England could intervene to prevent another housing crisis.
The Liberal Democrats are urging Chancellor George Osborne to include a mansion tax on homes worth £2m or more in his Spring Budget announcement.
Lloyds Banking Group confirmed this morning Co-Operative Bank and NBNK Investments are the last two bidders in the running for its 632 branches and retail assets.
The Treasury has sold Northern Rock plc to a consortium led by Richard Branson's Virgin Money for £747m, at a £650m loss on the £1.4bn of capital it injected into the bank.
Estate agents and property developers who handle sales of property and land in the UK are to be issued with draft guidance on how to comply with the law.
Overall lending for house purchases hit its highest level in almost a year in July, according to the latest figures from the Council of Mortgage Lenders (CML).
Specialist lender Aldermore has launched a 100% LTV Guarantor mortgage to help "disenfranchised" first-time buyers get on the housing ladder.
The US is planning to sue more than a dozen major banks for misrepresenting the quality of mortgages they sold during the housing bubble, the New York Times reports.
Taxpayer-owned banks are set to warn their mortgage customers that they must put their mortgage repayments first, rather than renewing their digital TV subscription or buying a new phone.
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