Mortgage Strategy
15 March 2010
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60 seconds with...Katie Tucker
15 March 2010
Chief operating officer, Private Finance
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Abbey undervalues properties and is no friend to brokers
15 March 2010
Either Abbey has instructed its valuers to undervalue properties or they are so scared of being sued they are doing it themselves. When remortgaging a property the true value is arguable whereas on a purchase it is the market value being realised.
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Award recognises a true gentleman of the mortgage world
15 March 2010
At the recent Mortgage Strategy Awards ceremony I was delighted to see David Shortt given a lifetime achievement award.
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B2L market needs specialist surveys
15 March 2010
RICHARD SEXTON, DIRECTOR OF BUSINESS DEVELOPMENT, E.SURV
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Booking lines are on the right lines
15 March 2010
ROBERT WINFIELD, MANAGING DIRECTOR, CHARTWELL FUNDING
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Broker loses out as lead he bought is passed to L&C
15 March 2010
A broker has raised concerns about the tie-up between Moneysuper-market.com and London & Country after a lead he purchased was directed to an L&C adviser.
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Brokers baffled by FSA report on B2L arrears
15 March 2010
Brokers have questioned data produced by the Financial Services Authority that suggests big lenders used to offer buy-to-let deals at more than 90% LTV.
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Brokers can build a new client base
15 March 2010
STEPHEN JOHNSON, SALES AND MARKETING DIRECTOR, COMMERCIAL FIRST MORTGAGES
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Brown confirms Budget will be on March 24
15 March 2010
Prime Minister Gordon Brown has confirmed that this year’s Budget will be on March 24. The Budget will come just six weeks ahead of the general election, which is expected on May 6.
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Burgess steps down as MD of British Insurance
15 March 2010
Simon Burgess has left his job as managing director of British Insurance and Nel Mooy has succeeded him at the Towergate-owned insurer. Burgess plans to provide unemployment insurance in the US.
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C&G launches two B2L tracker deals for brokers
15 March 2010
Cheltenham & Gloucester is introducing two buy-to-let tracker deals for brokers starting at 4.85% up to 75% LTV.
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CAN YOU HAVE A POP TO WIN THIS POSH MONTBLANC ROLLERBALL PEN?
15 March 2010
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Countrywide unveils reward scheme
15 March 2010
Countrywide has launched a re-ward scheme for mortgage clients.
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Coventry and Stroud & Swindon in merger talks
15 March 2010
Coventry Building Society and Stroud & Swindon Building Society are discussing a potential merger that would create a lender with combined assets of almost £21bn.
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Dates for your DIARY...
15 March 2010
MARCH 17
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Evaluate in link with consumer comparison site
15 March 2010
Evaluate Technologies is to power Confused.com’s mortgage compari-son service.
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Extras that can be valuable to clients
15 March 2010
ROGER EDWARDS, PROPOSITION DIRECTOR, BRIGHT GREY
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FSA bans Essex broker for non-paymentof fees
15 March 2010
The Financial Services Authority has cancelled the permissions of Essex-based broker Adam John Lucas, trading as People Loans, for failing to pay regulatory fees of £1,349.41.
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FSA postpones its liquidity hike
15 March 2010
The Financial Services Authority is to delay the introduction of stricter liquidity requirements for lenders until the economy has recovered, it revealed last week.
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Good news for secured loans sector as Link Loans gets back to business
15 March 2010
DAVID JOHNSON, GOOD TIME TO GET INTO THE MARKET
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Government unveils free financial advice service
15 March 2010
The government has rolled out its Moneymadeclear service which provides free financial advice across the country. The service includes a helpline, a website and face-to-face advice through organisations such as Citizens Advice Bureau and Age Concern.
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Help first-timers and yourself by selling HomeBuy
15 March 2010
Promoting government schemes could give brokers access to a rich source of aspiring first-time buyers
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Homes should be constructed with fire safety in mind
15 March 2010
Some building regulations can be a pain for owners but sprinkler systems should be made mandatory
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Importance of IT firms being earnest
15 March 2010
SOPHIE HALL, DIRECTOR OF DISTRIBUTION, INTELLIFLO
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It seems that RBS will do anything to recoup its losses
15 March 2010
I am writing to make readers aware of a disgraceful decision by the Royal Bank of Scotland.
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LAST WEEK’S WINNER
15 March 2010
DAVID THOMASCHADNEY BULGIN“After climbing to the top of Tower 42 James realises he should be in the Gherkin.”
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Law firm closed by suspicious SRA
15 March 2010
The Solicitors Regulation Authority has closed Consumer Credit Litigation Solicitors, the firm that worked on behalf of clients of claims firm Cartel Client Review.
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Leadbay offers category for professional clients
15 March 2010
Leadbay has introduced a professional leads category comprising potential borrowers such as lawyers, accountants and doctors. Leads will beavailable for both mortgage and life assurance business.
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Leader: Beware of the watchdog
15 March 2010
The news last week that the Financial Services Authority is to take a more proactive approach to protecting consumers raised more than a few eyebrows.
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Lenders offer complex prime deals for 'computer says no' borrowers
15 March 2010
CHARLES MORLEY, STEP ON THE ROAD, TO RECOVERY
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Lloyds clients can overpay by 20% without penalty
15 March 2010
Lloyds Banking Group borrowers on variable rates can now overpay on their mortgages by up to 20% without incurring penalties.
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Marketwatch
15 March 2010
Complex prime seems to be the in thing. It’s great that some lenders are trying to help borrowers who don’t pass automated credit scoring systems, even though they aren’t high risk
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Media Spotlight: The Great British Economic Disaster
15 March 2010
By John Lanchester
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More properties on market than buyers for second month in a row
15 March 2010
MILES SHIPSIDE, DEPOSITS ARE THE PROBLEM
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Mortgageforce provides access to Tiuta products
15 March 2010
Tiuta has linked up with Mortgageforce to provide its franchisees with access to a range of short-term finance propositions.
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Newcastle sees a profit of £100,000 before tax
15 March 2010
Newcastle Building Society has moved back into the black with a pre-tax profit of £100,000 for 2009 after posting pre-tax losses of £35.7m for 2008. After tax the society’s profit falls to zero, meaning it has broken even for the past year’s trading.
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No short cuts on the wayto datasecurity
15 March 2010
MARK BLACKWELL, MANAGING DIRECTOR, XIT2
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Non-advised sales are the real danger to consumers, not fast-track products
15 March 2010
STAR LETTER
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Regulator's plan to amputate rather than cure is wrong
15 March 2010
I was interested to see that a recent report from Fitch Ratings states that fast-track mortgages do not pose any more of a risk than income-verified loans. I couldn’t agree more.
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Regulators plan to take unified approach to risk
15 March 2010
The Financial Services Authority, the Office of Fair Trading and the Financial Ombudsman Service want to create a consumer protection committee to identify consumer risks before they turn into widespread problems.
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Santander does 80% of its business via brokers
15 March 2010
ADRIAN WHITTAKER, WE’LL CONTINUE TO SUPPORT BROKERS
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Smaller firms can still attract funds
15 March 2010
BRIAN FERGUSON, DIRECTOR, INVOCAS
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State-owned banks desert borrowers
15 March 2010
The majority of state-owned banks are failing to offer competitive fixed rate mortgage deals, figures from Moneyfacts show.
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Stonehaven suspends lending as funding dries up
15 March 2010
Stonehaven temporarily suspended new lending last week due to lack of funds.
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The mortgage mole
15 March 2010
DIGGING THE DIRT IN THE MORTGAGE WORLD…
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The online challenge
15 March 2010
When Mortgage Strategy asked brokers about the future of insurance sales, price comparison websites and the threat posed by the internet ranked high on their list of concerns
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This spring may herald new life for our industry
15 March 2010
A tentative revival in the securitisation market and some decent company results point to sunnier times
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TMW launches limited liability guarantor products
15 March 2010
The Mortgage Works has launched a range of guarantor mortgages which allow guarantors to cap their liability.
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Trigold founder to take on rival sourcing firms
15 March 2010
Peter Heigho, founder of Trigold, will go head to head with Mortgage Brain and TrigoldCrystal when he launches a sourcing system this Wednesday.
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UK is acting like a sub-primeborrower
15 March 2010
ALAN CLEARY, MANAGING DIRECTOR, EXACT
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We will fulfil our £14bn promise, says Northern Rock
15 March 2010
Northern Rock says it is on track to meet its pledge to provide £14bn in new mortgage lending in 2009/10.
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Weighing up the risk of property price fluctuations
15 March 2010
Property derivatives can help lenders offset the risk of house price variations in the current uncertain market
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Woolwich forgets its commitment to the intermediary sector
15 March 2010
Woolwich subjects brokers to its fund-booking system to avoid dual pricing, but it is now ignoring this.
