
Story by: Emma Ann Hughes, FTAdviser
Abbey for Intermediaries (AFI) has increased the rate on its 90 per cent loan-to-value (LTV), two-year tracker homebuyer product to 5.79 per cent but reduced the fee from £995 to £199 in a bid to help first-time buyers.
More than 10m people are likely to fail a credit score because they do not have enough credit history or are not on the electoral register, according to research from Kensington.
Research from equity release speicalist Safe Home Income Plans (Ship) has revealed consumers are overwhelmingly likely to rely on state pension benefits when they retire.
Robin Churchouse has been appointed at the Yorkshire Building Society's new finance director, replacing Andrew Gosling who retires at the end of May.
Confidence in the housing market remains fragile according to the Building Societies Association's property tracker survey, with buyers forecasting that property prices will grow but uncertain if now is a good time to buy.
Britannia Building Society and the Co-operative Bank are to launch a three-year tracker and five-year capped rate mortgage from Friday (19 March).
Northern Rock has appointed Jim McConville, former group finance director of Scottish Widows, as its chief financial officer.
New Leaf Distribution has teamed up with Cheshire Mortgage Corporation to offer the firm's regulated mortgage products to its advisers.
The number of mortgage products available has increased 70 per cent since this time last year to hit 2,053 compared with a low of just 1,209 on the market on 1 April 2009.
The National Fraud Authority (NFA) and the Metropolitan Police have brought together key partners in the mortgage community to establish a mortgage fraud forum.
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