The CML revises up its 2014 and 2015 forecast but says lending will grow at a more “sedate pace” next year as momentum is hit by “affordability pressure”.
Five senior managers, including managing director Bob Young, have handed in their resignations at CHL Mortgages and are rumoured to be setting up a new lender.
This is a victory not only for AMI and Mortgage Strategy, which has campaigned heavily for reform, but for the broker community as a whole. Both trade bodies should be commended for recognising there was an issue and for coming to a sensible and fair solution.
Nigel Stockton, financial services director at Countrywide, casts a critical eye over the industry
How many residential mortgage brokers and IFAs shy away from commercial finance or hand off clients to specialist brokers when a need is established for business borrowing?
The surge in business volumes coupled with a fall in broker numbers has left many firms struggling to cope with demand but for Chadney Bulgin, the solution has been to bring in support staff so brokers can get on with buiness