Mortgage Strategy
08 November 2010
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Bridge over troubled waters
08 November 2010
Some might call it madness to launch a business with your own money in a recession but Jonathan Samuels didn’t. Two years on, Drawbridge Finance is going strong and has Mark Posniak on board as well
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Cover must keep up with changing needs
08 November 2010
ROGER EDWARDS PROPOSITION DIRECTOR BRIGHT GREY AND SCOTTISH PROVIDENT
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Raising important issues on MMR is to be commended
08 November 2010
I was interested to read last week the Council of Mortgage Lenders’ prediction that 45% of borrowers would have been blocked by the Mortgage Market Review this year if it had already been implemented.
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60 Seconds with...Julian Rance
08 November 2010
JULIAN RANCE DIRECTOR OF SALES PARAGON MORTGAGES
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Better choice for advisers as deals hit two-year high
08 November 2010
The number of mortgage schemes available to brokers has climbed to its highest level in two years, according to Mortgage Brain’s monthly product analysis.
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CAN YOU HAVE A POP TOWIN THIS BOTTLE OFMIGHTY FINE CHAMPAGNE?
8 Nov 2010
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Chelsea no longer taking applications from brokers
08 November 2010
Chelsea Building Society has ceased accepting new applications from brokers as a result of its merger with Yorkshire Building Society. Broker business will now be accepted through Yorkshire subsidiary Accord Mortgages.
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CHL downplays fresh B2L funding
08 November 2010
CHL Mortgages chief executive Bob Young has played down the impact new funding for lenders such as Paragon Mortgages and Precise Mortages will have on the buy-to-let market.
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CML slammed for using scare tactics over MMR
08 November 2010
MICHAEL COOGAN: URGES FSA TO RE-CONSULT
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Conveyancer scheme must be carefully thought out
08 November 2010
Star Letter
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Criminals are homing in on legal firms
08 November 2010
ANGUS STEWART, CHIEF EXECUTIVE, E-SOLUTIONS
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Cuts will not make me lower rents - I will simply sell up
08 November 2010
I am a social landlord and if the housing benefit is cut to those of my tenants who need it I will not be lowering their rents.I will just dispose of the properties I own and invest my capital in other ways. It’s as simple as that.Name and address supplied
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Cyber security to be an expensive game
08 November 2010
MARK BLACKWELL MANAGING DIRECTOR XIT2
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December start for new head of trade bodies
08 November 2010
Stephen Gay, the new director-general of the Association of Independent Financial Advisers and the Association of Mortgage Intermediaries, will join the trade bodies on December 1.
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Director who deemed clients evil is fined and banned
08 November 2010
The director of a bridging lender who branded some of its customers evil has been fined and banned by the Financial Services Authority.
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Drawdown is good news for everyone
08 November 2010
DEAN MIRFIN GROUP DIRECTOR KEY RETIREMENT SOLUTIONS
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Enhanced identity checks are a must to stamp out fraud
08 November 2010
With fraud showing no signs of abating, there is an urgent need for more stringent due diligence across the board
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Ensure you exceed client expectations
08 November 2010
SOPHIE HALL, DISTRIBUTION DIRECTOR, INTELLIFLO
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Focus on providing appropriate cover, not just commission
08 November 2010
Sainsbury’s last week revealed that 43% of mortgage holders in Britain do not have their mortgage contributions covered by life insurance.
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FSA proposals are sensible while CML is just out of touch
08 November 2010
The CML’s comments about the MMR are becoming increasingly hysterical. The FSA’s affordability proposals are sensible - it just wants to eradicate irresponsible lending.
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Great rates but they come with deadlines
08 November 2010
AARON STRUTT COMMUNICATIONS MANAGER TRINITY FINANCIAL GROUP
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Halifax decision has ended a long career with no explanation
08 November 2010
I received a letter from Lloyds group four weeks ago informing me that I was being taken off its panel, meaning I can no longer trade.
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House prices rise in October but are lower than last year
08 November 2010
House prices rose 1.8% in October after a 3.6% fall in September, the Halifax house price index reveals.
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Housing benefit is a luxury for some and should be cut
08 November 2010
I was interested to read recent articles warning that the government’s proposed cuts to housing benefit are a recipe for destitution.
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In my opinion
08 November 2010
KEVIN PATERSON SALES AND MARKETING DIRECTORASSURANT INTERMEDIARY
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Industry is united in fighting threat to interest-only deals
08 November 2010
The FSA’s proposal to ban interest-only seems irrational and will reduce choice to the detriment of consumers
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Interest rates on hold for 20th month in a row
08 November 2010
The Bank of England has held interest rates at 0.5% for the 20th consecutive month. It has also decided not to pump any more money into the economy.
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Interest-only onus should be on clients
08 November 2010
A massive 97% of The Mortgage Alliance’s directly authorised bro-kers believe borrowers should retain responsibility for repaying the capital on an interest-only deal.
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Last Week's Winner
08 November 2010
“If we’re going to have a brainstorming session, we’d better check you’ve all got them first.”Rob Pendragon
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Law firm offering £20 leads voucher for cases next year
08 November 2010
Goldsmith Williams is giving away a £20 Leadbay voucher for every re-mortgage or conveyancing case that completes through it on or after January 4 2011.
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Leader: One-week sales hit market
08 November 2010
Since the credit crunch hit we’ve seen lenders adopt many different ways of distributing mortgages. There’s been tranche lending, the gradual return of exclusives and semi-exclusives, and obviously the dreaded reliance on high street lenders’ branches offering deals direct to consumers.
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Lloyds dumped us from its panel but I don't know why
08 November 2010
As another firm that has just received a letter from Lloyds Banking Group telling me I have been removed from its broker panel, I am staggered.Our business is small so is certainly not a huge buy-to-let player.
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Marketwatch
08 November 2010
Lloyds group has a new CEO, who did a great job while at Santander, and is paying off its loans faster than expected. Meanwhile, Platform is following its lead with restrictions on buy-to-let criteria.
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Media Spotlight: Secrets of the Money Lab
08 November 2010
By Kay-Yut Chen and Marina Krakovsky
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No smoke without fire on irresponsible lending accusations
08 November 2010
Having been a broker, a packager and an account manager it always amazes me how, when you read about brokers getting kicked off of lenders’ panels, they seem to forget some of the things they may have done over the years in terms of the application process.
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North-South divide will hit rental values
08 November 2010
GEMMA HARLE, MANAGING DIRECTOR, TENETLIME
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OFT urges FSA to monitor whether capital rules will deter new entrants
08 November 2010
ALAN CLEARY: FSA FOCUS IS ON FIRMS’ STABILITY
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Pensions at the heart of Portal Portfolio lending
08 November 2010
There was a boost for the secured loans sector last week with the launch of lender Portal Portfolio, which uses pensions to fund its loans.
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Products with short deadlines can boost business for efficient brokers
08 November 2010
Mortgage deals that are available for seven days or less are good for brokers, says Ray Boulger, senior technical director at John Charcol.
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RBS said yes to 90% of cases as lending grew
08 November 2010
The Royal Bank of Scotland says it accepted 90% of mortgage applications in Q3 2010 as it reported gross lending of £5.3bn - an 8% rise compared with Q2.
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Regulator should wake up and listen to industry bodies
08 November 2010
The CML has stated that 45% of mortgage borrowers this year would have been blocked by MMR so why would the FSA want to even consider the implementation of MMR if this is the case?
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Remortgaging could release the SVR trap
08 November 2010
DAVID FINLAY, INTERMEDIARY BUSINESS DIRECTOR, BARCLAYS
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Single policy could be best for couples
08 November 2010
ED STUART-BROWN, HEAD OF PROTECTION SALES, FRIENDS PROVIDENT
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Submit your questions for regulator before Expo
08 November 2010
The Association of Mortgage Intermediaries is calling on brokers to submit their questions to the Financial Services Authority in advance of this week’s Mortgage Business Expo. Brokers can submit questions by contacting Caroline Tory at AMI on 020 7826 9030, emailing her at caroline@a-m-i.org.uk or visiting the AMI stand at the Expo.
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Switching to buy-to-let banned as Platform tightens up its criteria
08 November 2010
Platform is no longer allowing cus-tomers to switch their residential mortgage to buy-to-let.
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The mortgage mole
08 November 2010
DIGGING THE DIRT IN THE MORTGAGE WORLD…
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Week in numbers
08 November 2010
$28bn - the cost of rescuing Fannie Mae and Freddie Mac, according to Standard & Poor’s. It also estimates a further $400bn would be needed to capitalise any entities that replace them.
