Mortgage Finance Gazette
Mortgage Finance Gazette –. Blog: We all have a role to play in ‘greening’ the UK housing market. Zoopla reveals third of homes for sale are ‘chain-free’. Rayner moots ending Right to Buy on new social homes: Report. House prices hit record high in October rising 3.9%: Halifax HPI. Rent and mortgage spending growth hits 13-month high ...
Ten of the biggest fraud and money laundering scandals from the …
Jan 13, 2020 · Money laundering and fraud cost UK businesses, citizens and the government more than £100 billion a year, according to the National Crime Agency.The effects can have a devastating impact on ordinary people as well as businesses and the government.
Leasehold issues for lenders: Forfeiture and disclaimer of leases
Mar 15, 2018 · The overall growth in leasehold ownership is resulting in lenders increasingly finding themselves having to grapple with issues affecting their leasehold securities – both in connection with shared ownership and conventional long leasehold properties. Risk of forfeiture Where a borrower defaults on monies due under the lease (usually service ...
Co-op Bank migrates 120,000 mortgage borrowers from Platform
Feb 15, 2024 · The Co-operative Bank has migrated 120,000 mortgage customers from its Platform hub to the new The Co-operative Bank for Intermediaries mortgage brand. The lender says the move is part of a wider technology upgrade, “which will see the bank retire the majority of its legacy systems and data centres” later this year. It adds the new hub ...
MFG Awards 2021: The full list of winners and their achievements
Nov 18, 2020 · By Kate Saines in Features, Market news, MFG awards 18th November 2020 0. The winners of the Mortgage Finance Gazette Awards 2021 have now been revealed in a virtual presentation to mark the outstanding achievements in one of the most extraordinary years our industry has experienced. The global pandemic has changed the way the entire mortgage ...
First ‘mortgage prisoners’ court trial starts today
Jul 23, 2024 · Mortgage prisoners will claim up to £30,000 in compensation as the first group legal action begins at the High Court today, involving TSB’s Whistletree subsidiary. Harcus Parker says successful cases could open up compensation claims for thousands of former Northern Rock ‘mortgage prisoners’ with average claims estimated to be between £ ...
UK Mortgage Prisoners Action Group urges Govt to 'curb the …
Aug 8, 2024 · The UK Mortgage Prisoners Action Group (UKMP Action Group) has called for the government to take “urgent action” to protect mortgage prisoners and to “curb the tsunami of repossessions and forced sales it is seeing”.
Taking steps to help vulnerable customers - Mortgage Finance …
May 31, 2017 · In March new vulnerability guidance was published, “Vulnerability a guide for debt collection 21 questions, 21 steps” (“21 Steps”) which identified some of these areas. One of the areas was identifying vulnerability and encouraging disclosure. As an industry we have been getting better at dealing with disclosures, but when it comes to ...
Barclays debuts FTB deals, cuts rates by up to 50bps
Oct 3, 2024 · Remortgage-only reductions: Two-year fixes, with a £999 fee, at 85% LTV, down by 50bps to 5.32% — — minimum loan £5,000, maximum loan £2m. Five-year fixes, with a £999 product fee, at 85% LTV, down by 10bps to 4.93% — minimum loan £5,000, maximum loan £2m. Tagged with: barclays Mortgage rate cuts remortgage residential.
Mortgage defaults are rising, say lenders: BoE
Oct 10, 2024 · Lenders report that mortgage defaults rose in the third quarter and are expected to lift again in the final three months of the year, according to the Bank of England. A net percentage balance of 12.5 lenders said home loan defaults increased in the third quarter, compared to a balance of 24 over the previous three months, says the central bank ...