Mortgage Finance Gazette
WEBEstablished in 1869 as the Building Societies Gazette, Mortgage Finance Gazette has been the market leading publication for the mortgage lending industry for 150 years.
Ten of the biggest fraud and money laundering scandals from the …
WEBJan 13, 2020 · Money laundering and fraud cost UK businesses, citizens and the government more than £100 billion a year, according to the National Crime Agency.The effects can have a devastating impact on ordinary …
A spotlight on fees assisted remortgage services
WEBJul 26, 2019 · A spotlight on fees assisted remortgage services. By admin in Features 26th July 2019 0. The Mortgage Finance Gazette Lunch Club, in association with Optima Legal, met to discuss fees assisted remortgaging, where the lender pays most of the borrower’s legal fees. Back l-r: Michael Conville, head of mortgage operations, Newcastle Building ...
Mortgage Brain rolls out Affordability Hub
WEBMay 12, 2020 · A new affordability-based sourcing solution is being rolled out by Mortgage Brain following a successful pilot. It is called Affordability Hub and covers the three main elements needed when sourcing the most appropriate mortgage – the availability of products, criteria and affordability. Affordability Hub ensures that intermediaries can use ...
Mortgage lending on shared ownership properties
WEBJan 13, 2021 · Under the current arrangement the purchasers can buy between 25% and 75% of the property with the aid of a mortgage granted by one of the mortgage lenders supporting the scheme. The remaining 75% to 25% will be rented from a housing association at a subsidised rent. In England the applicant’s household income from all sources must be £80,000 ...
Leasehold issues for lenders: Forfeiture and disclaimer of leases
WEBMar 15, 2018 · The growth in leasehold ownership within the UK retail mortgage market is resulting in lease-related issues increasingly affecting lender clients. Karl Anders - partner, real estate litigation, Louise Power – partner, banking litigation, and Sandip Singh – senior associate, banking litigation from Walker Morris, provide some practical insight for lenders
First ‘mortgage prisoners’ court trial starts today
WEBJul 23, 2024 · Mortgage prisoners will claim up to £30,000 in compensation as the first group legal action begins at the High Court today, involving TSB’s Whistletree subsidiary. Harcus Parker says successful cases could open up compensation claims for thousands of former Northern Rock ‘mortgage prisoners’ with average claims estimated to be between £ ...
OneSavings Bank and Charter Court merger completes
WEBOct 7, 2019 · Today sees the completion of the combination between OneSavings Bank plc and Charter Court Financial Services Group plc. The combined group says it will use its greater scale and resources to offer an enhanced proposition to customers, brokers and distribution partners. The group brands are Precise Mortgages, Kent Reliance for Intermediaries ...
Halifax Intermediaries debuts sub 4% loan, cuts resi rates by up to ...
WEBFeb 14, 2023 · And a 10-year purchase fixed-rate repayment and interest-only offer at up to 75% LTV, with a £999 fee, at 4.04%, also down by 36bps. Minimum loan £25,000, Maximum loan £1m. Halifax Intermediaries and Scottish Widows Bank head Amanda Bryden says: “On 15 February, we’re making cuts of up to 36bps across our fixed-rate homebuyer mortgage range.
Mortgage complaints fall as banking claims surge: FOS
WEBJul 12, 2024 · The percentage of mortgage cases that were upheld in favour of the consumer was 28%, unchanged from last year. This compares to an uphold rate of 37% across all types of financial product.