Mortgage Strategy
1 August 2011
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Credit history fraud is on the rise, says CIFAS
1 August 2011
ALAN CLEARY, ’FRAUD PLOYS, ARE NOT NEW’
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Ensure rental sector stays fit for purpose
1 August 2011
JOHN HERON, MANAGING DIRECTOR, PARAGON MORTGAGES
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Societies poised to grab bigger slice of market with increase in lending
1 August 2011
Building societies could muscle in on banks’ share of the mortgage market as they start to increase lending in 2011, says the Building Societies Association.
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60 seconds with...Mark Lofthouse
1 August 2011
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Advise clients to act before rates go up
1 August 2011
JEFF KNIGHT, MANAGING DIRECTOR, TONIC MARKETING SOLUTIONS,
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AMI to establish protection interest group to build knowledge of sector
1 August 2011
The Association of Mortgage Intermediaries is to create a protection interest group following a strategic review of the trade body.
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April events blamed for slowing GDP
1 August 2011
Gross domestic product increased by 0.2% in Q2 2011, according to the Office for National Statistics.
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Assetz house price index reports 0.3% rise in June
1 August 2011
House prices rose by an average of 0.3% in June, the latest Assetz House Price Watch shows. The average value increased from £198,368 in May to £198,908 in June, but June’s figure represents a fall of 1.2% compared with June 2010.
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Bridging finance is not just a last resort
1 August 2011
NIGEL ALEXANDER, DIRECTOR, FINCORP
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CAN YOU HAVE A POP TO WIN THIS BOTTLE OF MIGHTY FINE CHAMPAGNE?
1 August 2011
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Claims firms should not get away with libellous allegations
1 August 2011
I refer to the letter titled ’Parasitic behaviour of claims firms must be curtailed’ by Liz in the July 25 issue of Mortgage Strategy, which suggests the Ministry of Justice is seeing more complaints about these firms and is concerned about their business practices.
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Comments on gifted deposits ignore a few crucial factors
1 August 2011
There were some interesting points made on Mortgage Strategy Online in the wake of Halifax’s announcement that it was axing vendor deposits.
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Dates for your DIARY...
1 August 2011
AUGUST 1HSBC interim results The global bank will publish its results for 2011 to date. Will the direct-only bank see an upturn in mortgage lending?
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FSA seeks culprits but authors of HBOS fiasco are long gone
1 August 2011
The Financial Services Authority has launched an investigation into HBOS and may take enforcement action but who will it punish?
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Giving advice on Skype is future for mortgage brokers
1 August 2011
The use of video services such as Skype to offer advice will grow in popularity among brokers, the Association of Mortgage Intermediaries says.
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Halifax's excuses on gifted deposits do not hold any water
1 August 2011
It was interesting, but not surprising, to read the excuse trotted out by Halifax for the withdrawal of vendor deposits.
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Hanley hikes loan size and multiples
1 August 2011
Hanley Economic Building Society has upped its maximum loan from £500,000 to £750,000 and increased the income multiples it will lend.
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Hike in mortgage adviser numbers adds to Connells' profits of £16.9m
1 August 2011
Connells last week announced a pre-tax profit of £16.9m for the first six months of 2011.
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In my opinion
1 August 2011
The most significant bit of the Competition Commission’s final order on selling PPI is banning it at point-of-sale. This will work in brokers’ favour and will all but kill off the big providers
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Industry logs on
1 August 2011
Social media is a growing force in the world of business and is only expected to get bigger. It’s time brokers caught on to the benefits of using such media to fuel growth
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LAST WEEK'S WINNER
1 August 2011
“The new Mercedes gel pens were getting a lot of attention.”LUCY BRIDGEWEST BROMWICH
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Leader: Embrace the revolution
1 August 2011
Social networking has gone from being blocked by many firms and demonised as mere time wasting to a key part of their business. The line between time wasting and networking is always going to be a fine one, but manufacturing an approachable online persona has the potential to pay dividends. It doesn’t need to be a personal account - company pages are common on the likes of Facebook and Twitter and are a way to promote special offers and products in a relaxed fashion.
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Lenders are failing on anti-fraud measures
1 August 2011
BRIAN PITT, DIRECTOR, ROCKSTEAD
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Loan approvals in June highest since January
1 August 2011
The number of loan approvals for house purchase grew by 4% in June, the biggest increase since January and largest monthly total in a year.
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Marketwatch
1 August 2011
It’s a shame we can’t get our hands on the Yorkshire’s fabulous five-year fix, though Accord’s deal also looks like a winner. And new rates from Coventry have been branded divorce-proof as they have no ERCs
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Media Spotlight: Priceless
1 August 2011
By William Poundstone
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Moody's revises non-conforming RMBS outlook
1 August 2011
Non-conforming residential mortgage-backed securities in the UK are deteriorating, according to Moody’s.
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Nearly a third of Brits considering self-build
1 August 2011
Almost one in three Britons would consider building their own home in the next five years, while 12% would consider it within the next 12 months, according to research from Norwich and Peterborough Building Society.
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Northern Rock offers cashback on some deals
1 August 2011
Northern Rock has introduced a cashback option on selected deals. Up to £500 cashback is available on residential Everyday fixed rates at 80% LTV, 85% LTV and 90% LTV.
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Online applications at Hinckley & Rugby portal
1 August 2011
Hinckley & Rugby Building Society has launched a web portal allowing brokers to apply for mortgages online.
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Paragon parent's lending up in Q2
1 August 2011
Paragon Mortgages’ parent The Paragon Group of Companies completed new buy-to-let lending of £65.7m in Q2 2011 compared with £20.8m in the previous quarter.
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RDR will push IFAs to enter mortgage market
1 August 2011
DEV MALLE ’ADVISERS WILL CHANGE FOCUS’
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Rock bad bank changes its policy on forbearance
1 August 2011
Northern Rock Asset Management has called time on its forbearance policy of capitalising arrears.
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Selling land cheaply to first-timers would kick-start the market
1 August 2011
I was interested to read that housing minister Grant Shapps has welcomed an action plan put together by the self-build industry to make self-build a mainstream housing option.
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Strike call reflects deepening public anger
1 August 2011
A recent conference of the Irish Congress of Trade Unions - the local version of the Trades Union Congress - backed calls for a mortgage strike that would be aimed at forcing banks to cut the cost of repayments for struggling householders.
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Tenet Group sees chief executive relinquish role
1 August 2011
Hudson has decided to step down as chief executive of the Tenet Group.
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The Mortgage Mole
1 August 2011
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There's no excuse to kick clients when they're down
1 August 2011
*STAR LETTER
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This month's decision: Hold
1 August 2011
Mortgage Strategy’s shadow Monetary Policy Committee has the Greek bailout, the US deficit struggle and the UK’s weak growth in mind when voting for thebase rate to remain on hold
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Trail commission can't compete with broker self-interest
1 August 2011
Mortgage Strategy’s lead news story last week described how major distributors are calling on lenders to offer trail commission as an alternative to an upfront proc fee.
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We should just be thankful for proc fee peanuts we get
1 August 2011
Calls for lenders to offer trail commission are masking a vested interest.
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Yorkshire gets its hands on Egg
1 August 2011
Yorkshire Building Society has entered into an agreement with Egg Banking, a subsidiary of Citigroup, to acquire its mortgage and savings business comprising a £2.5bn savings book and £430m mortgage book.
