Mortgage News

• BM Solutions cuts rates again February 21, 2012
  BM Solutions is cutting rates on its buy-to-let products for the second time this month. […]
• PruProtect added to First Complete's protection panel February 21, 2012
  First Complete has today added PruProtect to its protection panel, bringing the total number of life companies on the panel to six. […]
• United Trust Bank expands bridging sales team February 21, 2012
  United Trust Bank has boosted its bridging sales team with the appointment of Gerard Morgan Jackson. […]
• Leeds BS reports 25% lending increase in 2011 February 21, 2012
  Society lends £1.2bn in 2011, up 25% on £984m advanced in 2010. […]
• Man jailed for seven years over £8m mortgage fraud February 21, 2012
  A fraudster at the helm of a criminal gang that defrauded high street banks out of almost £8m by taking out mortgages on properties they didn’t own has been jailed. […]
• Accord expands BDM team February 20, 2012
  Accord Mortgages has expanded its sales team by recruiting four new business development managers and four business development advisers. […]
• Twitter is no place for brokerages to promote products February 20, 2012
  Mortgage brokers should not use Twitter to promote mortage products, a regulatory expert says. […]
• Leeds makes interest-only changes February 20, 2012
  Leeds Building Society has cut its maximum LTV from 70% to 50%, for interest-only loans where the repayment strategy is the sale of property. […]
• FSA fines Santander £1.5m over structured products February 20, 2012
  The Financial Services Authority has fined Santander £1.5m for failing to confirm under which circumstances its structured products would be covered by the Financial Services Compensation Scheme. […]
• Abbey ditches proc fees for interest-only ports February 20, 2012
  Abbey for Intermediaries will no longer pay a proc fee to brokers for borrowers who port their interest-only mortgage over 50% LTV. […]