It has been reported that the UK’s financial services regulator, the Financial Services Authority, has banned a mortgage broker. The ban was imposed because the broker allegedly failed to prevent mortgage fraud. (more…)
It has been reported that the UK’s financial services regulator, the Financial Services Authority, has banned a mortgage broker. The ban was imposed because the broker allegedly failed to prevent mortgage fraud. (more…)
Tags: Financial Services Authority, mortgage, mortgage broker, mortgage fraud
Posted in Mortgage News | No Comments »
Over recent years there has been a lot of concern over sale and rent back schemes, and this is where a company buys a person’s property for a percentage of the market value and then rents it back to them. (more…)
Tags: Financial Services Authority, Home insurance, Leasehold estate, Loss mitigation, property, real estate, Real property law, Rent control, sale and rent back
Posted in Mortgage News | No Comments »
Over the past couple of years, with the credit crunch, recession, and pay freezes affecting so many households, a rising number of homeowners have fallen behind with repayments on their mortgages, and for many this has resulted in the loss of their homes through repossession. (more…)
Tags: Economics, Economy of the United Kingdom, finance, Financial Services Authority, mortgage, repossession
Posted in Mortgage News | No Comments »
The mortgage markets have been turbulent to say the least over the past couple of years, and many of the problems that have almost brought the financial sector to its knees have been blamed on irresponsible mortgage lenders over the past decade, where high income multiples, extended repayment periods, lending to those with bad credit, jumbo mortgages, and high risk lending was all part and parcel of the mortgage lending sector. (more…)
Tags: British Bankers Association, Citizen's Advice Bureau, Economy of the United Kingdom, finance, Financial Services Authority, mortgage, Personal finance
Posted in Featured Articles | No Comments »
Since the UK’s financial regulator the Financial Services Authority announced plans to ban self certification mortgages in their current form there has been a lot of controversy.
Tags: Banking, contract worker, council of mortgage lenders, finance, Financial Services Authority, Lesley Titcomb, mortgage, self cert mortgages, self certificate mortgages
Posted in Mortgage News | No Comments »
Following an investigation by the Observer newspaper it has been revealed just how quick and easy it is for criminals to purchase fake payslips via the Internet and then go on to commit mortgage fraud. (more…)
Tags: bank accounts, Dominic Green, fake payslips, Financial Services Authority, mortgage
Posted in Mortgage News | No Comments »
The UK’s financial regulator, the Financial Services Authority, has been accused by the banking industry of treating both banks and building societies like ‘drug dealers at the school gates’. (more…)
Tags: Banking, council of mortgage lenders, Financial Services Authority, Matthew Wyles, mortgage
Posted in Mortgage News | 1 Comment »
The UK’s financial regulator, the Financial Services Authority, has commented on the extent of the recklessness of some of the UK’s lenders. (more…)
Tags: council of mortgage lenders, Financial Services Authority, Jon Pain, Matthew Wyles, mortgage, Offset mortgage
Posted in Loan News | No Comments »
Since the onset of the global credit crunch in 2007 mortgage related fraud has become increasingly prevalent in the UK, as well as in other countries such as the United States. (more…)
Tags: council of mortgage lenders, Financial Services Authority, mortgage fraud, mortgages
Posted in Mortgage News | 1 Comment »
Figures from the Financial Services Authority have shown that over the course of 2008 the level of home repossessions increased by around two thirds, as an increasing number of homeowners struggled to keep up with their mortgage repayments in the difficult financial climate. (more…)
Tags: council of mortgage lenders, Financial Services Authority, repossessions
Posted in Debt News | No Comments »
Recently released information has shown that over the course of 2008 the level of mortgage arrears in the UK increased by over 30 percent, as more and more homeowners struggled to keep on top of repayments in the increasingly difficult financial climate. (more…)
Tags: Financial Services Authority, mortgage arrears, mortgages
Posted in Mortgage News | No Comments »
Copyright © 2010 · All Rights Reserved