View more on these topics

Now we’ll have to pick up the pieces left by charlatans

After reading the article about DB Mortgages being fined £840,000 by the Financial Services Authority for irresponsible lending, I was left thinking about how many borrowers given fast-track mortgages between 2003 and 2008 are now finding that no lender will touch them.

If you want to talk about mis-selling, there’s your next Panorama special right there.

Picking up the pieces that other unscrupulous brokers have left behind is what we have to look forward to.

Name and Address Supplied

Recommended

The Mortgage Mole

DIGGING THE DIRT IN THE MORTGAGE WORLD

ROB ROBERTS: THINGS HAVE CHANGED

Nationwide backs down on claim that brokers push fixes for fees

Nationwide Building Society back-tracked on comments by one of its directors last week who accused brokers of churning fixed rate mortgages to get a fee. Chris Rhodes, product and marketing director at Nationwide, was quoted in last week’s Sunday Telegraph saying some brokers were pushing borrowers to fix, not because of the possibility of rising […]

PAUL_BROADHEAD.gif

Don’t consider FTB crisis in a vacuum

It’s been a busy few weeks in the world of mortgages. I seem to be spending much of my time in summits, be it self-build or first-time buyers, or being interviewed about them. One such event that has been on my mind of late is the Grant Shapps-led group on first-time buyers. Everyone knows it […]

Europe: Nursery slopes

After a flat year for European equities, in which the Artemis European Growth Fund outperformed, manager Philip Wolstencroft is (cautiously) optimistic about 2016.

Newsletter

News and expert analysis straight to your inbox

Sign up