Mortgage Strategy
14 June 2010
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£14Bn claim over HBOS deal looms for Lloyds group
14 June 2010
Lloyds Action Now, an association set up by shareholders of Lloyds TSB, has started legal action to recoup up to £14bn members claim to have lost as a result of the merger with HBOS.
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60 seconds with...Eric Stoclet
14 June 2010
Chief executive, Crown mortgage management
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A dose of reality is needed in our low rate fairyland
14 June 2010
We should not kid ourselves or our clients that low interest rates are sustainable and instead plan for measured rises
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AMI should take a positive stance and quit blaming others
14 June 2010
I was interested to read the comments from the Association of Mortgage Intermediaries last week in which the trade body accused the regulator of losing its way and creating an addiction to easy credit.
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Base rate held as minister pledges rises will be slow
14 June 2010
The Monetary Policy Committee kept interest rates on hold at 0.5% last week as the government promised there would no be rapid rise in rates.
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BSA left out of trade body talks to define roles in mortgage market
14 June 2010
The Building Societies Association has been left out of initial coalition talks between the other mortgage trade bodies that are drawing up guidelines for the responsibilities lenders and brokers should hold.
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CAN YOU HAVE A POP TO WIN THIS BOTTLE OF MIGHTY FINE CHAMPAGNE?
14 June 2010
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Cautious lenders are the weakest link
14 June 2010
Lenders’ timid approach is creating a chain reaction, with the lack of transactions leading surveyors to downvalue due to no comparativeevidence. And of course first-time buyers are caught in this vicious cicle
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Conveyancer ran up £4m debt with unnamed lender
14 June 2010
Jonathan Gilbert, a conveyancing solicitor from Berkshire, has signed a bankruptcy restriction under-taking for causing a loss of £9m to his creditors, £4m of which was owed to a mortgage lender.
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Councils must be sensible when it comes to graffiti
14 June 2010
By banning fans from placing tributes on designated walls local authorities can create problems elsewhere
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Coventry has some small print shocks for borrowers too
14 June 2010
In catching up with my Mortgage Strategy reading recently I came across an article about Chesham Building Society’s contract terms being deemed unfair by the Financial Services Authority. I have a case which is similar to Chesham, but with Coventry Building Society.
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Cover must change with parental roles
14 June 2010
ED STUART-BROWN, HEAD OF PROTECTION SALES, FRIENDS PROVIDENT
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Cuts for everybody except the regulator
14 June 2010
JOHN MURRAY, CONSULTING EDITOR, LENDING STRATEGY
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Deal dilemma
14 June 2010
With nobody willing to bet on the base rate’s next move, the jury is out on whether borrowers should take out fixed deals or trackers
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Falling mortgage business blamed for Rock job cuts
14 June 2010
Northern Rock says a fall in mortgage business is one of the reasons behind its decision to shed 650 jobs.
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FSA fails because it doesn't understand the fundamentals
14 June 2010
For me the fundamental principle of regulation is that you can’t regulate what you don’t understand, and the FSA proved this when regulated mortgage contracts came into being.
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FSA justifies five-month wait for companies seeking authorisation
14 June 2010
The Financial Services Authority has defended the length of time it takes to authorise firms, after it was revealed last week that the process takes an average of five months.
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Golden opportunity to sell better MPPI
14 June 2010
ANDY LEES, KEY ACCOUNT MANAGER, UINSURE
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Gongs for staff and lenders at Mortgageforce awards
14 June 2010
FROM LEFT: HOST JONNY GOULD, EXACT’S ALAN CLEARY, LLOYDS BANKING GROUP’S NIGEL STOCKTON AND FRIENDS PROVIDENT’S ED STUART-BROWN
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Hector Sants took home a total of £742,000 last year
14 June 2010
Financial Services Authority chief executive Hector Sants received a wage of £500,000 last year, its annual report reveals.And Sants’ salary was topped up by bonuses which meant he took home £742,000.
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Help detect fraud or risk being sidelined
14 June 2010
RICHARD SEXTON, DIRECTOR OF BUSINESS DEVELOPMENT, E.SURV
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LAST WEEK’S WINNER
14 June 2010
After all these years, it’s nice to see Greengrass from Heartbeat has taken up cycling to get fit.”DAVE MINALLPINK HOME LOANS
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Leader: A lethal game of chicken
14 June 2010
There’s a game of chicken going on, and this time it doesn’t involve two cars careering towards each other along a sleepy suburban road at night. In fact, the consequences could be far more devastating because this game of chicken is between the Bank of England and big lenders.
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Lenders must give SMEs a fair chance
14 June 2010
STEPHEN JOHNSON, SALES AND MARKETING DIRECTOR, COMMERCIAL FIRST
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Lenders' strategies put focus on MPPI
14 June 2010
JAMES WATSON, SALES AND MARKETING DIRECTOR, PAYMENTSHIELD
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Lenders urged to come clean on internal fraud
14 June 2010
Lenders are being called upon to be upfront about internal mortgage fraud despite worries they might have over reputational damage.
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Looking forward to fresh opportunities
14 June 2010
PHIL JAY, DIRECTOR, LINX FS
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marketwatch
14 June 2010
Brokers are going to have to be diligent about revealing their past problems, financial or otherwise, when the FSA comes calling or risk being thrown out when individual registration begins
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Media spotlight: The One Minute Manager
14 June 2010
By Ken Blanchard and Spencer Johnson
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Mortgage mole
14 June 2010
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Mortgage servicers face lower revenue
14 June 2010
What’s going on across the Pond
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Nationwide streamlines range and unveils broker exclusives via TMW
14 June 2010
PAUL HOWARD, USEFUL RANGE OF PRODUCTS
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New generation of valuers is required
14 June 2010
ALISON BEECH, BUSINESS RELATIONSHIP DIRECTOR, VALUNATION
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No need to panic on possible CGT move
14 June 2010
BOB YOUNG, MANAGING DIRECTOR, CAPITAL HOME LOANS
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Openwork wants 4,000 advisers on board by 2012
14 June 2010
Openwork says it is aiming to have 4,000 intermediaries on its books by the time the Retail Distribution Review hits the market at the end of 2012.
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Over-reaction to the crunch has led to worrying imbalance in underwriting
14 June 2010
STAR LETTER
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Pricing for risk puts brokers centre stage
14 June 2010
GEMMA HARLE, MANAGING DIRECTOR, TENETLIME
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Rates must rise to free up funding, says IMLA
14 June 2010
PETER WILLIAMS: PRESSURE WILL BECOME INTENSE
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Regulation U-turn may harm rental sector, says ARLA
14 June 2010
The Association of Residential Letting Agents says it is disappointed the government has abandoned Labour plans to regulate the private rented sector.
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Remortgage hopes will fall if VAT rises
14 June 2010
PAUL HUNT, MANAGING DIRECTOR, PHOEBUS SOFTWARE
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Sales commission ban proposed for bank employees
14 June 2010
A ban on commission for front line employees and more transparency among credit rating agencies are two of the recommendations of a new report on banking reform.
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Second firm in FSA firing line for reckless lending
14 Mar 2011
The Financial Services Authority is investigating a second firm for irresponsible lending practices in the mortgage market, Mortgage Strategy can reveal.
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Soccer can kick our troubles into touch
14 June 2010
ALAN CLEARY, MANAGING DIRECTOR, EXACT AND PRECISE MORTGAGES
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Solicitors' referral fees should be made transparent, says legal body
14 June 2010
Brokers could be forced to disclose to customers the referral fees they receive from solicitors if proposals by the Legal Services Consumer Panel are adopted.
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The true impact of getting rid of HIPs remains to be seen
14 June 2010
Many of the houses coming onto market after the era of Home Information Packs will be speculative sales
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There has to be a betterway to book funds at Woolwich
14 June 2010
Through your publication, may I request a response from Woolwich regarding its shambolic fund booking system?
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Tread carefully to avoid crushing the shoots of recovery
14 June 2010
The property market is showing signs of renewal but politicians must avoid any sudden negative measures
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Which? is wrong to declare that secured loans are too risky
14 June 2010
Good old Which? - in its wisdom it has now branded secured loans useless. It is telling borrowers that these loans are risky and they should only ever take out unsecured loans because of the risk of losing their home if they are unable to repay.
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Woolwich offers 90% LTV deal for Bovis home buyers
14 June 2010
Woolwich has launched a 90% LTV mortgage for consumers buying a new home from house builder Bovis Homes.
