Mortgage Strategy
12 April 2010
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£4Bn of mortgage debt was repaid in Q4 2009 but the trend is slowing
12 April 2010
Home owners pumped £4bn of equity into their homes in Q4 2009, as low interest rates prompted them to pay off mortgage debt early.
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60 Seconds with...Gemma Harle
12 April 2010
Gemma Harle, Managing director, Tenetlime
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Abbey cuts offer time from 19 days to nine
12 April 2010
Abbey for Intermediaries has more than halved the time it takes to get a mortgage offer since last August, but acknowledges there is still more work to be done in improving its service levels.
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AR option is favourite as the regulator gets tough
12 April 2010
Considering the compliance avalanche descending on advisers in the shape of a reinvigorated Financial Services Authority along with the likely results of the Mortgage Market Review, I believe the pendulum has swung towards favouring brokers who opt for appointed representative status rather than being directly authorised.
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Average house price hits mark last seen in 2007
12 April 2010
House prices in England and Wales have risen for 11 months in a row, taking the average price back to a level last seen in August 2007.
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Base rate freeze goes on as Bank weighs up risks
12 April 2010
The Bank of England’s Monetary Policy Committee has decided to keep the base rate on hold at 0.5%, while freezing the quantitative easing programme at £200bn.
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Buoyancy is back in the housing market
12 April 2010
DEAN JONES, HEAD, PAALEADS.COM
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CAN YOU HAVE A POP TO WIN THIS POSH MONTBLANC ROLLERBALL PEN?
12 April 2010
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Changing face of equity release advice
12 April 2010
JON KING, MANAGING DIRECTOR, HODGE LIFETIME
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Comparison site may end its deal with L&C
12 April 2010
Comparethemarket.com is believed to be ending its referral agreement with London & Country and close to signing a deal with another firm, Mortgage Strategy understands.
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Corrie star’s claims firm goes under
12 April 2010
MICHAEL LE VELL: JOINED RATIO IN APRIL LAST YEAR
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Coventry Building Society joins AMI
12 Apr 2010
Coventry Building Society and Godiva Mortgages have joined the Association of Mortgage Intermediaries as associate members.
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Credit Adjudicator plan will not work
12 April 2010
STEPHEN JOHNSON, SALES AND MARKETING DIRECTOR, COMMERCIAL FIRST
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Duty change could be hard to monitor
12 April 2010
DAVID FINLAY,INTERMEDIARY BUSINESS DIRECTOR, BARCLAYS
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Fraud story could turn out to be the tip of the iceberg
12 April 2010
When the story ’Glasgow man admits self-cert fraud’ (Mortgage Strategy Online) hits the national media it will cause a great deal of worry for thousands of mortgage applicants who may have done something similar.There could also be blame attributed to brokers and this is likely to be just the tip of a fraud iceberg, with potential mis-selling claims associated with transactions involving self-cert lending.KEVIN FRIEND
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FSA evolves from the unreasonable to the ridiculous
12 April 2010
John Maynard Keynes, arguably the leading visionary of modern economics, advocated an interventionist policy whereby governments would use fiscal and monetary measures to mitigate the adverse effects of recessions, among other things.
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FSA spin doctor to join just two days before poll
12 April 2010
Tom Kelly, Tony Blair’s former spin doctor, is due to start his new role as communications director at the Financial Services Authority on May 4, just two days before the general election.
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Give credit to those who are willing and able to repay loans
12 April 2010
Following the story that lenders have told the Bank of England they expect to make available higher LTV deals in the next three months (Mortgage Strategy Online), some readers have commented that consumers should save instead of pressuring banks to raise LTVs.
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Go-aheads increase for mortgages on overseas homes
12 April 2010
The overseas property market could be seeing signs of a pick-up, with Conti experiencing its busiest month for almost a year in terms of mortgage go-aheads.
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Help borrowers who are short of options
12 April 2010
JOHN FAIRHURST, MD, ARREARS MANAGEMENT ASSISTANCE, PAYPLAN
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Help FTBs on the road to protection
12 April 2010
IAIN MALLON, DIRECTOR OF PROTECTION MARKETING, AXA
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Home owners believe prices will keep rising
12 April 2010
Four out of five home owners think that property prices will continue to climb in the next six months, according to the Housing Market Sentiment Survey from Zoopla.co.uk.
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Housing industry's fate lies in the hands of voters
12 April 2010
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Intermediary lenders close the best buy gap
12 April 2010
Direct-only lenders continue to dominate the best buy tables but intermediary lenders are starting to close the gap, analysis from Evaluate Technologies shows.
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Investment guru Jon Moulton invests in Largemortgageloans.com
14 Apr 2010
Jon Moulton, the founder of Alchemy Partners and chairman of Better Capital, and two other UK entrepreneurs have taken a major stake in Largemortgageloans.com.
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Investors still have sunny dreams of overseas property
12 April 2010
You might think the credit crunch would have put the brake on interest in overseas property but in fact it’s on the up
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IT can bring clients and advisers closer
12 April 2010
SOPHIE HALL, DIRECTOR OF DISTRIBUTION, INTELLIFLO
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Knowing clients is vital to marketing
12 April 2010
JEFF KNIGHT, CONSULTANT, TONIC MARKETING SOLUTIONS
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L&G advisers to provide medical cover via Bupa
12 April 2010
Legal & General Network has chosen Bupa as a strategic partner to enable its advisers to offer medical insurance to clients.
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LAST WEEK’S WINNER
12 April 2010
“Andrew’s search for Tin Man and Scarecrow takes an unexpected turn.”DANNY O’SULLIVANSTIRLING PARTNERS FINANCE
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Leader: Virgin news is a good omen
12 April 2010
The news that Virgin Money will enter the mortgage market at the end of 2010 is good for the sector, and it will be even better if it ends up using brokers.
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Legislation paved the way for today's claims companies
12 April 2010
I have just read the article concerning Ratio Money closing (Mortgage Strategy Online).
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Lenders should take a lot of the blame for mortgage fraud
12 April 2010
After reading the story about a Glasgow man admitting to running up more than £250,000 in mortgage frauds via self-cert applications (Mortgage Strategy Online), I can only think there must be more to this story than meets the eye.
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Let’s not wrap landlords up in red tape
12 April 2010
KEVIN PATERSON, SALES AND MARKETING DIRECTOR, ASSURANT INTERMEDIARY
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Market fixing is an old and failed idea
12 April 2010
JOHN MURRAY, CONSULTING EDITOR, LENDING STRATEGY
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Marketwatch
12 April 2010
A terrific week for rate cuts saw Woolwich, Abbey and Nationwide make deals more competitive, while the Post Office also seems to be getting its act together and is offering some excellent products
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Media spotlight: How To Manage Difficult People
12 April 2010
By Alan Fairweather
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Nationwide may axe four service centres to streamline processing
12 April 2010
Nationwide Building Society may become the latest lender to opt for the super-site approach to mortgage processing as it considers closing four of its six service centres.
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Nationwide reduces rates by up to 0.59%
12 April 2010
Nationwide Building Society is lowering rates on its fixed and tracker deals. The biggest reduction of 0.59% has been made on its two-year no-fee fixed rate that is available to remortgage customers at up to 70% LTV.
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Newcastle broadens broker product range
12 April 2010
Newcastle Building Society has extended its limited broker product range to include advisers with IFA firm Positive Solutions.
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Number of broker deals falls in March for first time in six months
12 April 2010
MARK LOFTHOUS:, FLUCTUATION IS NO BIG SURPRISE
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Number of desperate sellers is rising
12 April 2010
The number of distressed home sellers contacting property reco-very firm Property Portfolio Rescue in Q1 2010 was 20% higher than in Q1 2009.
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Other claims firms should meet same fate as Ratio Money
12 April 2010
In response to the story that Ratio Money has closed (Mortgage Strategy Online) let’s hope it’s not long before other claims firms disappear, including the latest ambulance chasers latching onto supposedly mis-sold mortgages.It’s always someone else’s fault isn’t it, Mr Customer? You really didn’t want that money to waste on yet more needless items did you?Why not sue advertising companies next because they made you spend against your will?PAUL ILEY
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Our rulers may be listening, after all
12 April 2010
GUY GARRARD, HEAD OF BUSINESS DEVELOPMENT, TIUTA
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Partnerships could yield rich pickings
12 April 2010
TIM JORDAN, HEAD OF RESIDENTIAL PROPERTY, FORSHAWS DAVIES RIDGWAY
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Property prices up 1.1% in March
12 April 2010
House prices increased by 1.1% in March, partly offsetting February’s 1.6% fall, the latest Halifax price index shows.
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Protect your data from online attack
12 April 2010
MARK BLACKWELL, MANAGING DIRECTOR, XIT2
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Rent-back isn't just for those in trouble
12 April 2010
PETE THOMSON, MANAGING DIRECTOR, RESIDENTIAL PROPERTY SOLUTIONS
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Spin doctor should help FSA come up with better excuses
12 April 2010
I am writing in response to the story that the FSA has appointed Tom Kelly, a former spin doctor for Tony Blair, as its new communications director (Mortgage Strategy Online).
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Stamp Duty move is a small step in the right direction
12 April 2010
Cautious optimism rules in the estate agency sector, although tax relief for all buyers would have been nice
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Stick with lender allies during the funding drought
12 April 2010
Brokers must hold their nerve until funding returns, while maximising the value of every mortgage sale
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Tesco eyes 10% of the financial services cake
12 April 2010
Tesco is reportedly aiming to take a 10% share of Britain’s financial services sector, putting the supermarket giant on a par with Abbey and making it more than half the size of Barclays in terms of market penetration.
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The Mortgage Mole
12 April 2010
DIGGING THE DIRT IN THE MORTGAGE WORLD…
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Tomorrow's equity world
12 April 2010
The next generation of equity release customers will demand more flexibility and innovation from providers. This was one of the conclusions of a recent Mortgage Strategy round table sponsored by Hodge Lifetime
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Turkey's the place for great golf and a home in the sun
12 April 2010
For ambitious punters, the Antalya region is outside the eurozone and capital appreciation is pretty much assured
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Virgin to launch range of mortgages this year
12 April 2010
JONATHAN CLARK, THIS WILL KEEP LENDERS ON TOES
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Watchdog says no to Yes Loans text promotion
12 April 2010
The Advertising Standards Auth-ority has banned a text message advertisement sent by Yes Loans UK, based in Cwmbran.
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When it comes to buying homes, it's back to the future
12 April 2010
Regarding comments that banks should not be pressured to increase their LTVs (Mortgage Strategy Online), the maximum you could get in the 1970s was 90% LTV.
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Woolwich cuts rates on fixed and tracker deals
12 April 2010
Woolwich has reduced rates on its tracker and fixed product ranges by an average of 0.3%.
