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Advantage tweaks self-cert criteria

Advantage has changed the criteria for its self-cert products. First-time buyers will now have access to an increased LTV of up to 90%.

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Interest payments hit 15 year high

Two interest rate rises so far this year have pushed up mortgage interest payments for first-time buyers to their highest levels for 15 years. Data from the Council of Mortgage Lenders’ regulated mortgage survey showed that first-time buyers in April were paying 18.7% of their income on mortgage interest – the highest level since 1992, […]

Crown Equity Release becomes regulated

Crown Equity Release has been regulated by the Financial Services Authority.Mark King, managing director of Crown Equity Release, says: We are delighted to meet the FSAs exacting standards for Home Reversions and are pleased to be able to formally commit to the authoritys guidelines. “We regard FSA regulation as a kitemark of our first-rate customer […]

Head start

Mandy Spink was involved in the regulation of the mortgage market from the start, which puts her in an ideal position to succeed in her new role as head of mortgages and credit unions at the FSA, she tells Clare Bettelley in her first mortgage industry interview

PMPA unveils BM Solutions trackers

The Professional Mortgage Packagers Alliance has unveiled three buy-to-let tracker products from BM Solutions. The products are all to 85% LTV for a full two year from completion with early repayment charges of 6% year one and 5% year two on the first two products and 6% on the third product. All have a valuation […]

income protection claimants

Generation Rent

By Denise Wond, Marketing Relationship Manager, Royal London We’ve heard a great deal about Generation Rent in recent years but what does it actually mean for consumers and advisers and has the face of the typical renter changed? The picture is certainly more diverse than it used to be Homeownership has fallen to 64 per […]

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