HSBC will reverse a controversial decision to only allow solicitors on its own approved list to act on its behalf in mortgage applications, after borrowers complained it was slowing down sales.
The squeeze on availability of interest-only mortgages continued today when a major lender announced plans to withdraw its range of products for new customers.
A group of mortgage holders face an unprecedented rise in home loan costs after Manchester Building Society decided to raise tracker rates for existing borrowers, even if the base rate remains unchanged.
First-time buyers rushing to jump on the property ladder before the end of a stamp duty holiday helped house prices jump 2.2% in March, lender Halifax revealed today.
4 April 2012
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