The Financial Conduct Authority has urged the European Commission to redefine ‘foreign currency loan’ in the Mortgage Credit Directive.
Accidental landlords are in danger of being caught out by Mortgage Credit Directive regulation coming in from March 21, Direct Line has warned.
Coventry for Intermediaries has expanded its 80% loan-to-value buy-to-let range.
The housing market had a busy start to the year as valuations – an indicator of market activity – rose by 52% year-on-year, research from Connells Survey & Valuation has revealed.
We are not expecting a rush of business due to landlords breaking the doors down with fresh enquiries to beat the deadline.
The Nottingham Building Society will adopt KFI+ and has ruled out offering foreign currency mortgages after the Mortgage Credit Directive comes into force.
The Society of Mortgage Professionals has announced 10 roadshows in Newcastle, Birmingham, Bristol, Scotland and London.
Fleet Mortgages has altered its HMO criteria so it will accept properties with more than one kitchen and make loans available to 75% loan-to-value.
Scotland’s version of the 3% stamp duty surcharge could have a detrimental impact on the market, the Council of Mortgage Lenders has warned.
Clydesdale Bank listed shares this morning at 180p, valuing the bank at around £1.5bn.