UK Finance has backed calls that the Financial Ombudsman Service should be stopped from acting as a “quasi-regulator” and insists on a timetable of reform for the body. The move comes in the banking body’s submission to the government ahead of the Chancellor Rachel Reeves’… The post UK Finance calls for Financial Ombudsman Service reform timetable appeared first on Mortgage Strategy.
It was a week of rate reductions for fixed mortgages this week with certain lenders reintroducing sub-4% deals to the market. According to Moneyfacts’ latest data, average two-year fixes fell 0.03% to 5.06%, average three-year fixes tumbled 0.08% to 4.95% and average five-year fixes fell… The post Fixed rate reductions continue as sub-4% deals back on the market appeared first on Mortgage Strategy.
West Brom Building Society has announced cuts across its five-year fixed rate products. For those with a 10% deposit, the society’s five-year fixed rate has reduced by 0.28% to 4.40% with a £999 fee, while an alternative no-fee option is also available at 4.51%. West… The post West Brom confirms fixed rate reductions and reintroduces interest-only appeared first on Mortgage Strategy.
Mortgage Strategy’s Top 10 Stories of the Week This week’s top headlines include a Court of Appeal ruling that clarifies the definition of ‘arrears’ in a key mortgage case, and the FCA increasing broker fees by 2.4% for the year ahead. Explore these and other… The post Mortgage Strategy’s Top 10 Stories: 30 Jun to 04 July appeared first on Mortgage Strategy.
The housing department has launched a consultation on the “feudal” leasehold system to make management fees transparent and force property managers to qualify as professionals for the first time. The consultation will feed into secondary legislation that will be added to the Leasehold and… The post Labour opens review into ‘feudal’ leasehold fees and management appeared first on Mortgage Strategy.
