Mortgages

Bank of Scotland (BoS) and BM Solutions have pulled their entire range of new business self-certification products.

Paragon has snapped up the remaining shares in the specialist buy-to-let broker The Business Mortgage Company (TBMC).

The FSA has fined Nottingham mortgage broking firm Gillen Farrelly Independent Advisers £17,500 for failing to ensure it provided suitable advice which exposed over 80 customers to the risk of being sold an unsuitable self-certified mortgage.

Mortgage lending by building societies continued to be low in December 2008, with gross lending down 35% over the past twelve months, according to the Building Societies Association (BSA).

Equity release schemes will become increasingly popular in 2009 as elderly people try to meet the rising cost of care, according to Intune.

The Association of Mortgage Intermediaries (AMI) says it is 'disappointed' the Competition Commission has failed to make a distinction between direct and advised loan sales in its PPI inquiry .

Network Data, an intermediary network and property company, has been approached over a possible takeover deal.

New mortgage borrowers should avoid trackers and opt for a fixed rate deal instead, according to Bestinvest.

A lack of credit is the "single most critical problem" for the economy in the short-term, according to the Treasury Committee.

The Association of Mortgage Intermediaries (AMI) has appointed Patrick Bunton as joint deputy chairman with immediate effect.