Advisers

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Scottish Building Society joins Pink panel

First Complete & Pink is adding Scottish Building Society to its panel of lenders. Scotland’s only independent building society, and one of the oldest in the world, will see its products available to First Complete’s advisers across Scotland. The building society offers various specialist lending products including guarantor and self-build mortgages. It also offers interest-only […]

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Brokers who fail to spot mortgage fraud could face prosecution

Brokers who fail to carry out adequate due diligence and fail to spot fraudulent mortgage applications could face prosecution. The warning comes as a case emerges where a borrower forged wage slips to support a mortgage application. The borrower falsified documents so his wife appeared to be employed rather than self-employed. The couple were worried […]

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Tipton launches lowest ever rates

Tipton and Coseley Building Society has launched a new range of mortgages with rates starting at 1.04 per cent. The discounted rates are the lowest the society has ever issued. Rates start at 1.04 per cent, discounted until 31 January 2020, up to a maximum loan-to-value of 65 per cent. For a 75 per cent […]

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BSA and CA call for leasehold change

Two major industry bodies are urging the Government to make vital changes to leasehold agreements. Responding to the Government’s consultation on tackling unfair practices in the leasehold market, the BSA and CA are calling for change. The Building Societies Association says it supports proposals to restrict the creation of new build leasehold houses. But the […]

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Brokers defend fees after ‘double-dipping’ claims

Brokers have refuted claims they overcharge customers by charging them a fee while also taking a commission from lenders. The issue has been thrust back into the spotlight by One 77 Mortgages, which yesterday said borrowers are wasting £370m a year on unnecessary mortgage advice fee to brokers. One 77 Mortgages managing director Alastair McKee […]

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CMA exposes details of price-fixing estate agent cartel

The CMA has revealed details of its investigation into a cartel of estate agents it fined £370,084. The regulator fined the group of Somerset-based agents in May this year after it emerged they had been involved in a price-fixed racket. It has now revealed details of the cartel, which was secretly agreeing to set minimum […]

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AIR Sourcing joins Equity Release Council

AIR Sourcing has joined the Equity Release Council, it has announced The sourcing system for equity release and retirement lending products was launched in May 2016 and has 2,000 registered users. The system allows advisers to search for products using a unique research filters tool. The company says it will be looking to feed into […]

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Prices rising but stocks low: RICS survey

The latest residential market survey from RICS shows house prices are still rising outside the capital.  More than half of those surveyed by the group say that property prices in London are falling. Sentiment is also negative in the south east, north and east Anglia.  But figure shows prices continue to climb in the north […]