Lloyds Banking Group’s decision to trim its solicitor panel is primarily to do with clamping down on mortgage fraud and I’m sure other lenders will soon follow suit
Hero of the week
is Woolwich, which has slashed several its 80% LTV rates by up to 0.21% and launched a drop lock facility for all trackers and offset products. This will appeal to borrowers worried about future rate rises, whenever they may happen.
villains of the week
is the government, which has announced that financial stability will be of greater importance than consumer protection from now on. I’m sure that all consumers will be delighted to hear this news.