Mortgage Strategy
14 February 2011
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Government levies an extra £800m
14 February 2011
Chancellor George Osborne has announced he is increasing the levy on banks to £2.5bn, raising an extra £800m.
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More people face losing homes as job cuts and rate hikes take effect
14 February 2011
Repossessions fell 24% in 2010, but experts have warned that 2011 could see an increase in repossessions as higher interest rates and job cuts kick in.
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Pull together for another tough year
14 February 2011
Nigel Stockton, financial services director at Countrywide, casts a critical eye over the industry
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Role of non-banks must be recognised
14 February 2011
JOHN HERON, MANAGING DIRECTOR, PARAGON MORTGAGES
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Take advantage of business optimism
14 February 2011
DAVID FINLAY, INTERMEDIARY BUSINESS DIRECTOR, BARCLAYS
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Yorkshire names its man to lead launch into B2L
14 February 2011
Yorkshire Building Society has confirmed plans to launch into the buy-to-let sector and is likely to offer the products through its intermed-iary brand Accord Mortgages (Mortgage Strategy February 7).
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60 seconds with...ROB JUPP
14 February 2011
ROB JUPP, MANAGING DIRECTOR, BRIGHTSTAR FINANCIAL
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Advice not price is what drives equity release sales
14 February 2011
The market is growing despite the challenges of house price uncertainty and a limited number of products
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Affordability is the issue not the wait for long-term fixes
14 February 2011
I read with interest the recent e.surv January Mortgage Monitor that said remortgage volumes have fallen back yet again.
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Barclays sues firms over alleged mortgage fraud
14 February 2011
Barclays Private Clients International and Barclays Bank are suing mortgage brokerage Savills Private Finance, chartered surveyors Stocker & Roberts Partnership and O’Sullivan Law Solicitors for losses from an alleged mortgage fraud.
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CAN YOU HAVE A POP TO WIN THIS BOTTLE OF MIGHTY FINE CHAMPAGNE?
14 February 2011
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Consumer issues with mortgages creep up in Q3
14 February 2011
Mortgage related complaints to the Financial Ombudsman Service edged up in Q3 of 2010/11, with more problems being resolved in favour of the consumer.
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Don't expect easier funding ride in 2011
14 February 2011
JOHN PHILLIPS, FINANCIAL SERVICES DIRECTOR, KINLEIGH FOLKARD & HAYWARD
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Early repayments are just an illusion
14 February 2011
MICHAEL COOGAN, DIRECTOR GENERAL, COUNCIL OF MORTGAGE LENDERS
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Fixed rates could exceed six month peak as swaps continue to increase
14 February 2011
Rising swap rates have pushed the average cost of a fixed rate mortgage to its highest level in six months.
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Force the change for smarter lending
14 February 2011
JEFF KNIGHT, MANAGING DIRECTOR, TONIC MARKETING SOLUTIONS
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FSA should have acted sooner to get rid of rogue firms
14 February 2011
Mortgage Strategy Online last week had an excellent blog from Robert Sinclair, director of the Association of Mortgage Intermediaries, which as usual was right to the point.
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Go the extra mile for protection cover
14 February 2011
ROGER EDWARDS, PROPOSITION DIRECTOR, BRIGHT GREY & SCOTTISH PROVIDENT
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Halifax pulls in opposite direction by reducing fixed rates
14 February 2011
Halifax Intermediaries bucked the trend last week and cut the rates on its two-year fixes by up to 0.70%.
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High LTV costs paving way for top-up loans
14 February 2011
The cost of high LTV mortgages could lead to top-up mortgages becoming more common, says Ray Boulger, senior technical director at John Charcol.
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House prices rose just 0.6% in past year, index shows
14 February 2011
The average house price has risen by only 0.6% over the last year, reveals the latest LSL and Acada-metrics House Price Index.
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I see no real plan for Fannie and Freddie
14 February 2011
What’s going on across the Pond
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Industry’s big issues need a five-year plan
14 February 2011
Perhaps it’s time to consider a longer-term plan to cope with the fundamental changes that will affect mortgage and financial services, including bank reform, tighter regulation and of course the economy
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Just 6% of FTB loans are for interest-only
14 February 2011
The number of interest-only loans plummeted to just 6% of all first-time buyer loans in December 2010.
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LAST WEEK'S WINNER
14 February 2011
“Sick of all the scandal at Sky TV, Rupert Murdoch was taking no chances with Andy Gray’s replacement.”MARTIN SEEWOONARAIN
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Leadbay founder launches online cooperative firm
14 February 2011
Simon Baker, the founder of Leadbay, has launched a lead gener-ation firm.
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Leader: MPC must hold firm on rate
14 February 2011
In the run-up to the Monetary Policy Committee’s meeting last Thursday many predicted that February was the month when interest rates could finally rise after 22 months at 0.5%.
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Marketwatch
14 February 2011
Hopefully last year’s gross lending levels will be maintained in 2011 while rising swaps are pushing up fixed rates including NatWest’s and Scottish Widows has increased the LTV for professional mortgages
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Media Spotlight: Mary Portas: Secret Shopper
14 February 2011
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Mortgages intentionally left out of Project Merlin
14 February 2011
Mortgage lending was deliberately left out of Project Merlin talks on lending because it is not seen as a major problem, says Tony Ward, managing director of Home Funding.
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MPC maintains low interest rates
14 February 2011
The Bank of England has held inter-est rates at 0.5% for the 23rd month in a row.
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Principality profits double to £30.8m with Nemo shining in a tight market
14 February 2011
Principality Building Society has reported pre-tax profits of £30.8m for 2010, an increase of £16.5m from 2009.
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Property investment fund could kickstart the housing market
14 February 2011
Industry pundits poured scorn in last week’s issue on a new property investment fund offering first-time buyers the chance to get on to the property ladder with just a 5% deposit and no mortgage.
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Scheme could be a good thing that goes bad like SAMs
14 February 2011
I was interested to read the story in last week’s issue about the property investment fund.My view is that the result is likely to be similar to the shared appreciation mortgage, which at the time was considered to be a good thing.But when property prices increased and home owners could not afford to move or buy out, the SAM element was considered not such a good idea.Name and address supplied
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Shapps must come clean on first-time buyers problems
14 February 2011
I was interested to read how housing minister Grant Shapps thought that more could be done to help first-time buyers ahead of a summit last week (Mortgage Strategy Online).
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Signs of competition making a comeback
14 February 2011
GUY GARRARD, HEAD OF BUSINESS DEVELOPMENT, TIUTA
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Smaller lenders give brokers vital choice
14 February 2011
ALAN CLEARY, MANAGING DIRECTOR, PRECISE MORTGAGES
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Soaring rental demand offers high hopes for a B2L bonanza this year
14 February 2011
The buy-to-let market looks set to soar in 2011 after the sector grew by 7% in 2010.
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Take proc fees out of the equation and everyone's happy
14 February 2011
I was interested to read last week’s cover feature about whether brokers should charge a fee or not (Mortgage Strategy February 7).
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The colour of money
14 February 2011
After a tough year, the future looks rosier for Pink Home Loans since its acquisition by LSL
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The ghost town that is Dubai's property market
14 February 2011
The wealthy once flocked to Dubai, but now prestigious apartment blocks are either unfinished or half empty
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The Mortgage Mole
14 February 2011
DIGGING THE DIRT IN THE MORTGAGE WORLD
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There is a place for free and fee debt management
14 February 2011
STAR LETTER
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We need to know the details of the Project Merlin deal
14 February 2011
Chancellor George Osborne has reached a deal with major banks to raise business lending by £10bn this year.
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Week in NUMBERS
14 February 2011
9 - the number of awards ceremonies that Mortgage Strategy has held since 2002. This year’s ceremony is taking place this week (February 16) at the plush Grosvenor House Hotel in London.
