Mortgage Finance Gazette
WEBEstablished in 1869 as the Building Societies Gazette, Mortgage Finance Gazette has been the market leading publication for the mortgage lending industry for 150 years.
Ten of the biggest fraud and money laundering scandals from the …
WEBJan 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 …
Mortgage lending on shared ownership properties
WEBJan 13, 2021 · Under the current arrangement the purchasers can buy between 25% and 75% of the property with the aid of a mortgage granted by one of the mortgage lenders supporting the scheme. The remaining 75% to 25% will be rented from a housing association at a subsidised rent. In England the applicant’s household income from all sources must be £80,000 ...
Secret commissions: Court ruling provides clarity for lenders and ...
WEBApr 6, 2021 · The Court of Appeal also upheld that, the commissions paid by the lender to the broker were fully secret commissions on the basis that a general term in the Broker’s terms of business stating that commission may be received was not sufficient to negate secrecy. The Judgment also confirmed that if the bribe or secret commission is a “half ...
Leasehold issues for lenders: Forfeiture and disclaimer of leases
WEBMar 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 ...
Courts, unfairness and the Consumer Credit Act
WEBJul 31, 2015 · In Axton v GE Money Mortgages Ltd and The Money Group (Cornwall) Ltd, another PPI mis-selling claim, the court was again asked to consider the question of whether an unfair relationship could be said to exist pursuant to section 140 of the Consumer Credit Act (the Act). Mr and Mrs Axton had taken out four credit agreements with GE over a four ...
HSBC launches online mortgage support hub
WEBJul 17, 2023 · By Roger Baird in Market news 17th July 2023 0. HSBC has launched an online support hub for customers concerned about their mortgage repayments as interest rates rise. The pages provide a range of information and tools, including step-by-step instructions on how to apply for the measures set out in …
Lending news Archives - Mortgage Finance Gazette
WEBOn average there are 21 prospective tenants competing for every rental property, the latest figures from Zoopla show. The number of homes for rent is 24% below the pre-pandemic average, according to its latest rental market report. Average rents rose by 5.4% from around £1,182 per month in July 2023 to £1,245 per month in July of this year.
OneSavings Bank and Charter Court merger completes
WEBOct 7, 2019 · Today sees the completion of the combination between OneSavings Bank plc and Charter Court Financial Services Group plc.
Clarifying the Mercury Rule: mortgage deeds DO need a witnessed …
WEBMay 21, 2020 · Jonathan Newman, senior partner at Brightstone Law, explains: “It is important to clear up the first point as to whether we are referring to a document or deed and the specific characteristics of the deed, for example, a deed which deals with the disposal of an interest in land – i.e. a mortgage deed.”
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