Mortgage Strategy
13 October 2008
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1.55 million loans rejected in past six months
15 Oct 2008
Almost five million product applications from people seeking credit cards or personal loans have been rejected by lenders in the past six months, says MoneyExpert.com.
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10 more jobs go at Money Partners
17 Oct 2008
Money Partners has revealed today that it has made 10 staff redundant, including some of its senior management team, as a result of the continued market downturn.
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A Quick Pause For Breath
16 Oct 2008
It seems that the next few days may give us time to pause for breathafter the events of the last few weeks reached a worldwide crescendo.
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A waste of Mandelson's expertise
13 Oct 2008
Someone on Andrew Marr's Sunday AM TV programme recently referred to Peter Mandelson's return to the Cabinet as Prime Minister Gordon Brown's Palin factor - a shock but then it's back to square one.
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Action needed now on rent-back, says CML
15 Oct 2008
The Council of Mortgage Lenders and Citizens Advice have issues a joint call for regulation of the sale-and-rent-back sector to be put in place as soon as possible.
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Archaic banking left my cheque at Royal Mail's mercy
13 Oct 2008
No wonder the banking system is in trouble - £12.50 for a first-class stamp.
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Bailout may not save housing market, says CML
14 Oct 2008
The Council of Mortgage Lenders is warning that the dramatic moves from the government still may not be enough to resuscitate the housing market.
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Banks' share prices dive despite bailout
13 Oct 2008
Banks saw their share prices crumble last week despite the government's £500bn rescue package.
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Barclays and RBS on board for scheme
13 Oct 2008
Barclays and the Royal Bank of Scotland say they are committed to the government scheme and will participate in it.
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Barclays turns down government funding
13 Oct 2008
Barclays is adamant that it can raise £6.5bn through investors and has refused to draw on funding offered via the British bailout plan.
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BDS launches fixed rates through Link Lending
13 Oct 2008
BDS Secured Loans has launched fixed rates including 80% LTV and adverse credit products through Link Lending.
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Better management, not more regulation, says European regulator
13 Oct 2008
A European banking supervisor has given the thumbs down to increased market regulation.
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BM Solutions still committed to packagers
13 Oct 2008
Nigel Payne, managing director of BM Solutions, has reaffirmed his commitment to packagers and says the lender is on track to launch an exclusive range of products on October 25.
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Borrowers need cheaper products and higher LTVs
13 Oct 2008
Last week's 0.5% base rate cut is welcome and should help boost mortgage enquiry levels and stimulate growth.
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Bovey's Imagine Homes taken by HBOS
13 Oct 2008
Imagine Homes, the UK's largest buy-to-let business, has been taken over by HBOS.
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Bridgingloans.com launches redemption scheme
15 Oct 2008
Bridging finance provider Bridgingloans.com has launched a redemption bonus scheme for brokers.
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Bridgingloans.com offers brokers redemption bonus
15 Oct 2008
Bridging finance provider Bridgingloans.com has launched a redemption bonus scheme for brokers.
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Brilliant teams up with Financial
13 Oct 2008
Financial, the Cheltenham based network has teamed up with Brilliant Loans to offer its ARs secured loans through its franchised Somerset office.
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Bristol & West in last minute product pull
13 Oct 2008
Bristol & West is withdrawing a number of products from its core mortgage range from 5pm today.
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Britannia in merger talks with Co-op
13 Oct 2008
Britannia is in talks to merge with Co-operative Financial Services in a move that would see combined assets for the two businesses of £70bn.
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Britannia in merger talks with Co-operative
13 Oct 2008
Britannia is in talks to merge with Co-operative Financial Services in a move that would see combined assets for the two businesses of £70bn.
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Broker spirits rise in September
13 Oct 2008
Brokers are feeling better about business volumes in September than they were in May or July but confidence remains fragile.
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Brokers should stop acting like sulky teenagers
13 Oct 2008
One thing I particularly enjoy about my job is the opportunity it affords to meet peers in the industry and compare notes.
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Brown's bailout will lead the UK to ruin
13 Oct 2008
An old teacher of mine used to shout "you're either a fool or a knave" and that phrase applies to Gordon Brown, Alistair Darling, Mervyn King and their media apologists.
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BSA sounds fixed rate product warning
13 Oct 2008
The Building Societies Association warns that while the 0.5% rate cut is welcome, fixed rate prices won't necessarily fall.
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Clearing up the confusion on Debt Buster guarantee
13 Oct 2008
I wanted to address some of the comments made in the story headlined 'We'll top fees, says Equity Advice' (Mortgage Strategy September 29) and clarify our offering as there seems to be some confusion.
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CML clarifies extent of repossessions
17 Oct 2008
The Council of Mortgage Lenders has sought to clarify the scale of repossessions being carried out in the UK.
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CML gives thumbs up to Whitehall intervention
13 Oct 2008
The Council of Mortgage Lenders says the government's £500bn rescue package should help bolster confidence.
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CML seeks clarification on Treasury statement
13 Oct 2008
The Council of Mortgage Lenders says it's doubtful in the current market of falling house prices and reduced demand whether it would be either prudent or desirable for the volume of lending to home-owners to equate to 2007 levels.
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CML welcomes Treasury clarification on lending commitment
13 Oct 2008
The CML welcomes the Treasury's confirmation and clarification that the nature of the commitment to restoring flows of lending to the market is in line with the CML's own expectations.
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Competitive mortgages to follow £20bn says RBS
13 Oct 2008
The Royal Bank of Scotland has promised competitively priced mortgages in the wake of the government's injection into the firm of £20bn in tax payers' money.
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Complete celebrates 15th birthday
15 Oct 2008
Complete Mortgage and Loan Services is celebrating its 15th anniversary this month.
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Complete to boost franchise business
13 Oct 2008
Mortgage packager and distributor Complete Mortgage and Loan Services is looking to expand its franchising operation and offer smaller packagers access to lender agencies.
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Complete to expand franchise proposition
13 Oct 2008
Complete Mortgage and Loan Services is set to expand its franchising operation, giving smaller packagers access to lender agencies that they cannot get on their own behalf.
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Complete turns 15
15 Oct 2008
Complete Mortgage and Loan Services is celebrating its 15th anniversary this month.
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Co-op to pass on base rate cut
15 Oct 2008
The Co-operative Bank is passing on the full base rate cut announced by the government last week.
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Coventry says Kaupthing exposure minimal
13 Oct 2008
Coventry says that less than 1% of its treasury investments are tied up in failed Icelandic bank Kaupthing Singer & Friedlander.
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Curriculumvitae: Simon Little
13 Oct 2008
Describe your current jobI am responsible for Home & Capital Group's marketing, product development strategy and implementation programme. This includes PR, advertising and product initiatives including affinity relationships.
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Dividend row clouds bailout success
16 Oct 2008
A row over dividend payments is threatening to scupper the success of the bank bailout.
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Dynamic duo
13 Oct 2008
When Kevin Duffy was made mortgageforce's chief operating officer earlier this year, many in the industry interpreted it as a sign that the brokerage's founder Rob Clifford was planning to take a step back.
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E2M unveils protection deal for clients and brokers
13 Oct 2008
Easier2Move is guaranteeing that brokers will receive their proc fees whether deals complete or not with the launch of a reimbursement plan.
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em- confirms administration
13 Oct 2008
em-financial has called in the administrators due to the worsening state of the UK mortgage market.
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em-enters into administration
13 Oct 2008
em-financial has called in the administrators due to the worsening state of the UK mortgage market.
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ER product for diabetic clients
13 Oct 2008
Diabetes UK and insurer Heath Lambert Group have teamed up with Key Retirement Solutions to create equity release products to cater for customers with diabetes.
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Evaluate unveils lower loan system
15 Oct 2008
Evaluate Technologies has introduced a cascading loan facility that shows suitable products at a lower loan amount than requested.
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Ex-Loanmakers directors launch Fluent Money
16 Oct 2008
Four former Loanmakers directors have formed Fluent Money, an internet-based secured loan broker.
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Financial crisis may be an economic 9/11
6 Oct 2009
The crisis in financial markets may prove to be an economic 9/11, by breeding conflict and instability and threatening to push democracies into narrow nationalism, Liberal Democrat leader Nick Clegg said today.
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FISA board agrees revamping of code
13 Oct 2008
The Finance Industry Standards Association the secured loan industry’s self-regulatory and compliance body has agreed a rewriting of the FISA Code following the first meeting of its reconstituted board on Wednesday.
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Fitch worried over falling house prices
14 Oct 2008
Fitch Ratings is voicing concerns over declining house prices in the UK.
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Five stages of Brown's credit crunch grief
13 Oct 2008
I have been working for the Ambulance Service for about three months and it's a breath of fresh air compared with my days as a mortgage broker.
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Former Portman boss takes reins at West Brom
13 Oct 2008
Robert Sharpe, former chief exec-utive of Portman, has been app-ointed chief executive officer of West Bromwich.
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FSA chairman to crack down on City
17 Oct 2008
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FSA fines Doncaster broker £34,500
16 Oct 2008
The Financial Services Authority has fined a Doncaster-based mortgage broker £34,500 for exposing over 900 customers to the risk of an unsuitable mortgage.
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FSA fines mortgage directors £60,000
16 Oct 2008
The Financial Services Authority has fined two directors of a mortgage firm £60,000 for putting financially vulnerable customers at risk.
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FSA hits A&L with 7m PPI fine
13 Oct 2008
Controversy hit the payment protection insurance market once again last week after Alliance & Leicester was slapped with a 7m fine from the Financial Services Authority for serious failings in its telephone sales.
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FSA issues bonus scheme guidelines
13 Oct 2008
The Financial Services Authority has issued a letter to chief executive officers calling on them to rigjig bonus systems in their companies.
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FSA vows to be tougher on the City
17 Oct 2008
The chairman of the Financial Services Authority has vowed to take a hard line in regulating the City in the wake of the financial crisis.
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FTSE 100 up 5%
13 Oct 2008
The FTSE 100 has rallied in opening trading and is currently up 5.56% to 4,150.
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FTSE plunges as global markets fall
16 Oct 2008
The FTSE 100 has continued to plunge in opening trading, falling 5.3% to 3,862.
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Funding talks fall through at Loanmakers
13 Oct 2008
Shareholders in secured loan broker Loanmakers have failed to pass a resolution that could have resulted in a £1.7m cash injection.
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Gordon Brown saves the world!
14 Oct 2008
They say a week is a long time in politics; well a month is a lifetime.
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Gordon Brown’s extraordinary rendition
14 Oct 2008
I’m not suggesting that Gordon Brown waterboarded Mervyn King into agreeing to a syncronised 0.5% drop in central bank rates around the world.
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Government puts its money where its mouth is
13 Oct 2008
At last the government has backed up its talk with decisive action. The announcement of its substantial rescue plan for the UK's banking system is something to be welcomed.
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Government will have role on bank boards
13 Oct 2008
The chancellor has revealed that the government will be represented on the boards of HBOS, Lloyds TSB and Royal Bank of Scotland following its stake in the three major banks.
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Guy Batchelor joins Countrywide
16 Oct 2008
Guy Batchelor has joined estate agency group Countrywide as its new corporate business director.
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Hamptons launches overseas referral scheme
13 Oct 2008
Hamptons International has launched a customer referral scheme for overseas properties with individual referrals earning up to £5,000.
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HBOS reshuffles its sales staff
13 Oct 2008
HBOS is working to redeploy its sales team but cannot rule out possible redundancies.
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Hester starts at RBS in one month's time
17 Oct 2008
Stephen Hester is set to take up the helm at Royal Bank of Scotland as soon as next month.
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HML snaps up Julian Wells
13 Oct 2008
Homeloan Management has appointed Julian Wells as director of marketing.
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Hornby turns down salary and golden goodbye
13 Oct 2008
Andy Hornby, chief executive officer of HBOS, is giving up his £2.3m salary and entitlement for leaving the lender.
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House price index methods lead to major differences
13 Oct 2008
The difference in results between the Nationwide and Halifax indices on the one hand and the Department for Communities and Local Government, Financial Times and Land Registry figures on the other lies in the methodology.
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HSBC supportive but won't play ball
13 Oct 2008
HSBC is supporting the government's move but says it will not take part.
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I have backing to buy back edeus, says Bolton
13 Oct 2008
Former edeus CEO Michael Bolton says he can buy back the business from administrator KPMG with the backing of an unnamed "Australian entrepreneur".
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IFA casts doubt on ER's worth
13 Oct 2008
An IFA has sparked the equity release debate once again by claiming that despite industry assurances such deals remain products of last resort.
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IMF puts price tag on US credit crunch recovery
13 Oct 2008
The International Monetary Fund is predicting that it will take time and a lot of capital - some 337bn - to sort out the credit crunch in the US.
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Industry must not lose sight of issues that matter
13 Oct 2008
While the financial markets continue to suffer, it would be easy to lose sight of the changes that will be taking place in the secured loans industry and if we are not careful they will happen while we have been preoccupied with wider global issues.
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Inflation climbs to 5.2%
14 Oct 2008
The Consumer Price Index rose to 5.2% in September up from 4.7% in August, hitting a 16-year high.
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Julian Wells joins HML
13 Oct 2008
Homeloan Management has appointed Julian Wells as director of marketing.
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KB Analytics launches risk analysis service
15 Oct 2008
A monthly data set and quarterly commentary to help mortgage investors and lenders understand the current risks in mortgage asset pools is being launched by retail credit analytics consultancy KB Analytics, part of the Skipton Group.
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Kent faces 50m losses
13 Oct 2008
Mike Lazenby, chief executive of Kent Reliance, says Kent County Council should have invested 50m in its local society rather than failed Icelandic bank Landsbanki.
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KRS sees ER demand fall 16%
13 Oct 2008
Demand for equity release products has dropped by 16% compared to 2007, reveals Key Retirement Solutions.
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Landlords see booming tenant demand
14 Oct 2008
Paragon Mortgages says that record numbers of landlords are seeing a boom in tenant demand.
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Latest Claridges winners unveiled
13 Oct 2008
The next four lucky winners of lunch at Gordon Ramsay's chef's table at Claridges have been announced.
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Lessons To Be Learnt
14 Oct 2008
After the events of the last few days, when the Government took a series of steps to rescue Britain's banking system, it is right to question the long term nature of banking - to ask the question: just what are banks for?
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Lloyds TSB lowers its offer for HBOS
13 Oct 2008
Lloyds TSB has lowered its offer for rival lender HBOS.
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Lloyds TSB welcomes government bailout
13 Oct 2008
Lloyds TSB says it welcomes the move to inject capital and liquidity into the banking system.
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Loanoptions.co.uk’s £378,580 debts revealed
17 Oct 2008
Secured loan broker Loanoptions.co.uk left behind £378,580.38 of liabilities before it relaunched as Loan Options in August.
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Long-term deal shift on cards
13 Oct 2008
Abbey's decision to cut rates on its five-year deals may signal a shift in focus to long-term products.
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Marketwatch 13/10/2008
13 Oct 2008
Swaps plunged last week, posting the biggest falls I can remember. One-year swaps have declined by about 1% in the past two weeks, a huge decrease.1-year money is down 0.57% at 4.81%2-year money is down 0.48% at 4.76%3-year money is down 0.42% at 4.76%5-year money is down 0.36% at 4.76%
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Meeks quits Pink
15 Oct 2008
Barry Meeks, chief executive officer of Pink Home Loans, is leaving the company.
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Meeks to leave Pink
15 Oct 2008
Barry Meeks, chief executive officer of Pink Home Loans, is leaving the company.
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Merger mirth
13 Oct 2008
The industry is seeing the funny side of the HBOS and Lloyds TSB merger.
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Mergers and the new Machaevelli
13 Oct 2008
News on Friday 10 October that Robert Sharpe had taken over as chief executive of West Bromwich was followed over the weekend by the revelation that Britannia, the UK’s second largest society, was in ‘secret’ merger talks with the Co-operative Financial Services.
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Mform call to scrap exit fees on SVR products
13 Oct 2008
Mform.co.uk is calling on lenders to scrap exit fees on SVR deals in light of the additional application fees being charged.
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MI looking to swallow rival networks as profits hit 1.5m
13 Oct 2008
Mortgage Intelligence is on the acquisition trail in the wake of announcing an annual profit of 1.5m.
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Middle class borrowers feel the pinch
13 Oct 2008
The credit crunch is having a far broader effect than anyone initially imagined.
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Money Partners makes senior management redundancies
17 Oct 2008
Money Partners has revealed today that it has made 10 staff redundant, including some of its senior management team, as a result of the continued market downturn.
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Moody's waiting to rate Britannia and Co-op
15 Oct 2008
Moody's Investors Service is refusing to rate Britannia and The Co-operative Bank until uncertainty regarding their potential merger is clarified.
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Mortgage 2000 extends C&G proc fee offer
13 Oct 2008
Mortgage 2000 has extended its commitment to pay the highest proc fee offer on C&G mortgage products until November 1.
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Mortgage lending hits record low in August
14 Oct 2008
Figures from the Council of Mortgage Lenders show house purchase lending dropped to £6bn in August, 63% lower than August 2007 and the lowest since the CML began collecting monthly data in January 2002.
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Mortgage lending slumps to record low in August
14 Oct 2008
Figures from the Council of Mortgage Lenders show house purchase lending dropped to £6bn in August, 63% lower than August 2007 and the lowest since the CML began collecting monthly data in January 2002.
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Mortgage Tracker Rate Rant
13 Oct 2008
The Bank of England giveth, and the lenders taketh away. Some lenders don't help themselves do they?
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Mutuals under fire for not passing on base cut
17 Oct 2008
Only two out of 59 building societies have passed on the full base rate cut to borrowers on SVRS, reveals Moneysupermarket.com.
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NACFB warns of upfront fees
13 Oct 2008
The National Association of Commercial Finance Brokers has sounded another warning to mem-bers about lenders charging upfront fees.
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Naked incentive
13 Oct 2008
Mole was sent an intriguing email exchange last week conducted in the months running up to the Berlin Marathon at the end of September.
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Nationwide process under fire
13 Oct 2008
A broker is concerned that Nationwide's online application process may be in breach of Treating Customers Fairly principles.
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Nationwide rejigs tracker range
13 Oct 2008
Nationwide has increased the rates on some tracker mortgage products by between 0.06% and 0.30%.
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Newcastle sees 21% rise in equity release sales
13 Oct 2008
Newcastle has seen a 21% rise in sales of its equity release products. Drawdown products now comprise 65% of the business.
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Nigel Payne bids farewell to HBOS
14 Oct 2008
BM Solutions managing director Nigel Payne has quit the company to take up the post of managing director of Assurant Solutions Intermediary.
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Nigel Payne departs HBOS
14 Oct 2008
BM Solutions managing director Nigel Payne has quit the company to take up the post of managing director of Assurant Solutions Intermediary.
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Nigel Payne quits BM Solutions
14 Oct 2008
BM Solutions managing director Nigel Payne has quit the company to take up the post of managing director of Assurant Solutions Intermediary.
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Northern Rock sees possessions rise in Q3 2008
14 Oct 2008
Northern Rock has revealed its repossessions rose to 4,201 in Q3 2008 from 3,701 in Q2.
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Northern Rock won't sue past board
14 Oct 2008
Northern Rock has confirmed it will not take legal action against its former directors for negligence or mismanagement.
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Now We Are All Bankers Or Du Bist Ein Berliner
13 Oct 2008
Another week, another landmark day. It looks like we now own about 60% of Royal Bank of Scotland and around 40% of HBOS. That is pretty incredible really and now we're in charge there are going to be some changes.
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NR ahead of debt schedule
13 Oct 2008
Northern Rock has already repaid more than half its loan from UK taxpayers.
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NR cuts SVR and loyalty rates
13 Oct 2008
Northern Rock is passing on the base rate cut by reducing rates on both its SVR and its loyalty rate.
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NR urged to slash SVR after base rate cut
13 Oct 2008
Brokers are calling on Northern Rock to obey chancellor Alistair Darling and pass rate cuts on to borrowers.
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Offsetting the pain of long distance running
13 Oct 2008
I'm fresh back from the Berlin Marathon - well maybe that's a bit of an exaggeration but at least I've returned to Blighty in one piece.
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OFT calls for regulation of sale and rent back
15 Oct 2008
The Office of Fair Trading has called on the Financial Services Authority to regulate the sale-and-rent back industry.
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Only two mutuals pass on full base rate cut
17 Oct 2008
Only two out of 59 building societies have passed on the full base rate cut to borrowers on SVRS, reveals Moneysupermarket.com.
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Paragon sees boom in tenant demand
14 Oct 2008
Paragon Mortgages says that record numbers of landlords are seeing a boom in tenant demand.
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Paulson unveils £250bn US share buy scheme
14 Oct 2008
The US Treasury secretary Henry Paulson has unveiled a $250bn share buy scheme to part nationalise US banks.
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Pink adds RBS Private Banking to bridging panel
13 Oct 2008
Pink Home Loans has added RBS Private Banking to its panel of bridging lenders.
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PMS launches bridging panel
16 Oct 2008
Premier Mortgage Service is launching a bridging panel on October 6.
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PMS launches into bridging
16 Oct 2008
Premier Mortgage Service is launching a bridging panel on October 6.
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PMS moves into bridging
16 Oct 2008
Premier Mortgage Service is launching a bridging panel on October 6.
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Pointing clients in the right direction
13 Oct 2008
Uncertainty, volatility, and catastrophe - all these words can be applied to the financial markets right now.
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Politicians have messed up the housing market
13 Oct 2008
I was amused by a recent correspondent in Mortgage Strategy's Letters pages who queried the political allegiance of the magazine and harangued its commentators for bringing a political slant to some of their pieces.
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Private rental sector must be nurtured
17 Oct 2008
Margaret Beckett’s appointment as housing minister comes at a crucial time for the property market.
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Proc fee protects brokers from Heritable losses
13 Oct 2008
Manor Mortgages' proc free guarantee has protected brokers from losses on completed deals with Heritable, the UK arm of Landsbanki.
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Providers ponder guarantee effect
13 Oct 2008
Offset providers are unsure what effect the 50,000 deposit guarantee issued by the government last week will have on borrowers who have accounts linked to their mortgages.
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Rate cut was needed, says Cobalt Capital
13 Oct 2008
Cobalt Capital says the market was in dire need of a major shot in the arm and the 0.5% cut is exactly what it needs.
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Rays of light spotted amid the gloom
13 Oct 2008
Some good news for the mortgage sector at last in the shape of In The Loop Mortgages, a new lender from Stroud & Swindon, which will launch in November.
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RBS IP changes fixed rate deals
13 Oct 2008
Royal Bank of Scotland Intermediary Partners has made changes to its fixed rate deals as its parent company takes up a government cash injection of £20bn.
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RBS lauches two-year deal
14 Oct 2008
Royal Bank of Scotland has launched a two-year direct deal fixed at 5.74% for up to 75% LTV.
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RBS Secured offers 80% LTV
14 Oct 2008
Your Broker Network has joined a select group of secured loan brokers and networks that are offering 80% LTV with no ERCs through Royal Bank of Scotland Secured Loans.
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Redundancies at Money Partners
17 Oct 2008
Money Partners has revealed today that it has made 10 staff redundant, including some of its senior management team, as a result of the continued market downturn.
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Residential care more expensive than home care, says SHIP
13 Oct 2008
Safe Home Income Plans has revealed that the cost of care in a retirement home far outstrips the cost of home care.
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RICS surveyors complete less than one transaction a week
14 Oct 2008
The Royal Institution of Chartered Surveyors has found that surveyors have completed less than one transaction each week in September.
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Salans chooses Proclaim software
13 Oct 2008
Arrears specialist Salans has bought the Eclipse Proclaim case management solution system for its litigation department to deal with collections, debt recovery and re-possession work.
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Sale-and-rent-back could leave home owners £30K worse off
17 Oct 2008
A law firm is warning vulnerable home owners that using a sale-and-rent-back scheme could leave them as much as £30,000 worse off than if their home is repossessed.
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Save FTBs from B2L vultures, Beckett told
13 Oct 2008
New housing minister Margaret Beckett has been urged to protect first-time buyers from vulture property investors.
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Savills' shares dip after profit warning
17 Oct 2008
Shares in property firm Savills have dipped by over 6% after it issued a profits warning this morning.
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Service to help brokers meet TCF deadlines
13 Oct 2008
The Compliance Alliance is offering a review service to help brokers ensure their businesses are TCF-ready by the December 31 deadline.
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Six BoS credit checks ruin client's chances
13 Oct 2008
A broker is outraged that a wealthy buy-to-let client has missed out on a good rate with Bank of Scotland because it credit checked them six times.
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SLS a packager in everything but name
13 Oct 2008
I have never written to a letters page before but felt compelled to thank Richard Griffiths for his kind words in his letter (Mortgage Strategy September 29).
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Tax payer will have 43.5% stake in HBOS/Lloyds TSB
13 Oct 2008
UK tax payers could end up with a 43.5% stake in the new mega lender HBOS and Lloyds TSB if share holders fail to take up the shares issued today.
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TBMC sees best buy-to-let month since 2007
13 Oct 2008
The Business Mortgage Company has had its best month for buy-to-let applications in almost a year.
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Thatch or Angelina?
13 Oct 2008
William Hague, former Conservative leader and current shadow foreign secretary, graced the stage at Mortgage Intelligence's annual conference at Celtic Manor, South Wales last Wednesday.
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The end of the beginning
13 Oct 2008
What a week. A £500bn spoonful of sugar helps the medicine go down and Mortgage Strategy can only hope that a weekend of reflection has helped ease the credit crisis engulfing the global markets.
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The Only Resort
17 Oct 2008
The events of this week show two things. One - things got so bad the government had no choice but to resort to drastic measures. And two - at least now we know we can rely on Gordon Brown and co to take decisive action when needed.
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To the rescue
13 Oct 2008
At last. One year, two months and 13 days after the shit hit the fan, chancellor Alistair Darling offered the UK mortgage market the help it's been crying out for.
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Tories and Lib Dems back £37bn handout
13 Oct 2008
Both the Conservative Party and Liberal Democrats have backed the government's £37bn handout to three of the UK's largest banks today.
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Tories lash out at government repossession policy
17 Oct 2008
The Conservative party has attacked the government’s policy on repossessions claiming that it is mired in confusion.
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Tories would strip FSA powers and give them to BoE, says Hague
13 Oct 2008
Conservative shadow foreign secretary William Hague has said that regulatory powers will be snatched away from the Financial Services Authority and put in the hands of the Bank of England if the Tories gain power.
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Treasury statement on financial support to the banking industry in full
13 Oct 2008
A copy of today's historic announcement to the banking industry from the Treasury is below.
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Trigold fully integrates with DIY Packaging
16 Oct 2008
From tomorrow any broker wishing to use mortgage 2000 DIY Packaging can do so directly from Trigold without needing to re-key information.
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Trigold integrates fully with DIY Packaging
16 Oct 2008
From tomorrow any broker wishing to use mortgage 2000 DIY Packaging can do so directly from Trigold without needing to re-key information.
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Trigold reveals 10% monthly fall in available products
17 Oct 2008
The number of available mortgage products in September suffered a 10% month-on-month fall, reveals the latest product index from Trigold.
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Troughs that led London's horses to water
13 Oct 2008
Every thing about London fascinates me and the more I walk its streets the more I see and appreciate different things.
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Unemployment reaches 1.79 million
15 Oct 2008
The level of unemployed has risen by 164,000 to 1.79 million over a three-month period, figures from the Office of National Statistics reveal.
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US stock market begins to climb
13 Oct 2008
The US stock market has reacted positively following renewed effort from around the world to tackle the financial crisis.
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US to ape UK with part nationalisation of banks
14 Oct 2008
Henry Paulson, the US Treasury secretary, is expected to announce later today that the US will copy the UK's share buy scheme and invest a whopping $250bn in US banks.
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We must see more meat on rescue plan's bones
13 Oct 2008
On September 2 the government announced a package of measures to help home owners facing financial difficulties.
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Wells Fargo wins takeover of Wachovia
13 Oct 2008
Wells Fargo has come out on top in the battle for US bank Wachovia as the Federal Reserve agrees its $12bn takeover.
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What do you think of the bailout?
13 Oct 2008
Last week the government unveiled a massive rescue package for UK banks worth £500bn.
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White Label Loans revamps products
15 Oct 2008
West Bromwich owned secured loan lender White Label Loans has reduced its tracker rates in response to the bank base rate being cut to 4.5%.
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Woolwich and Halifax pass cut on to clients
13 Oct 2008
Woolwich and Halifax are passing on the 0.5% rate cut to borrowers.
