Mortgage Strategy
16 August 2010
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Rob Jupp has been good for the sector and he'll rise again
16 August 2010
How awful it was to read that Rob Jupp and the team at SLS have been placed into consultation.
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60 seconds with...Mark Posniak
16 August 2010
Head of business developmentDrawbridge Finance
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Act before cover is required, not after
16 August 2010
IAIN MALLON, DIRECTOR OF PROTECTION MARKETING, AXA
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Ahead of the curve
16 August 2010
Lloyds Banking Group is staying at the forefront of the market by pre-empting many FSA requirements. It’s also a firm believer in the power of brokers, as the lender’s head of intermediaries Peter Curran reveals
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Avoid phoney rent-back broker, FSA warns consumers
16 August 2010
The Financial Services Authority is warning consumers not to deal with a mortgage broker after he sold sale-and-rent-back agreements without the necessary permissions.
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Brokers and lenders still need each other
16 August 2010
GEMMA HARLE, MANAGING DIRECTOR, TENETLIME
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Brokers fight a lonely battle to help consumers
16 August 2010
Advice is increasingly important to clients but brokers are unlikely to get much support from the regulator
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CAN YOU HAVE A POP TO WIN THIS BOTTLE OF MIGHTY FINE CHAMPAGNE?
16 August 2010
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Cheval unveils loyalty scheme with benefits
16 August 2010
Bridging specialist Cheval has launched a loyalty club for brokers that gives them access to a range of benefits.
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CML trims £10bn off its lending forecast but says B2L is on the up
16 August 2010
MICHAEL COOGAN: BUY-TO-LET WILL PLAY ITS PART
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Concern grows for interest-only as Coventry scraps it for first-timers
16 August 2010
The future of interest-only mort-gages was called into question again last week, with Coventry Building Society dropping it for first-time buyers.
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Co-op and Britannia see applications jump 31%
16 August 2010
The Co-operative Bank and Britannia have seen a 31% increase in like-for-like mortgage applications in the first half of this year.
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Debt advice needed in time of cutbacks
16 August 2010
BRIAN FERGUSON, DIRECTOR, INVOCAS FINANCIAL
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Defend yourself by sharing suspicions
16 August 2010
MARK BLACKWELL, MANAGING DIRECTOR, XIT2
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Don't be complacent on arrears, says CAB
16 August 2010
Citizens Advice Bureau says the drop in the Council of Mortgage Lenders’ arrears figure is the calm before the storm. CAB has seen more than 25,000 arrears problems in Q2 2010 but expects this to rise with looming public sector cuts.
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Exodus as staff desert the sinking regulator
16 August 2010
There has been a 128% leap in the number of staff resigning from the Financial Services Authority in just one year as the government proposes to abolish the regulator, according to City law firm Reynolds Porter Chamberlain LLP.
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'F' word may make clients responsible
16 August 2010
ROGER EDWARDS, PROPOSITION DIRECTOR, BRIGHT GREY AND SCOTTISH PROVIDENT
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First Direct takes on staff as low fee deals take off
16 August 2010
First Direct is being forced to hire staff after a surge in interest in its deals with a £99 fee. The direct-only lender has created an appointment system but customers are being forced to wait at least two weeks.
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Grainger's buyout of Sovereign limits equity release field
16 August 2010
The news that Sovereign Reversions, parent of Home & Capital, has been acquired by Bridgewater Equity Release owner Grainger, is good for funding.
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Higginson poised to leave Intrinsic for a new venture
16 August 2010
GEORGE HIGGINSON: RUMOURS OF DEPARTURE
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Home & Capital survives acquisition
16 August 2010
Equity release specialist Home &; Capital says it is still open for business following the acquisition of its parent Sovereign Reversions by Grainger, owner of Bridgewater Equity Release.
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Home buyer interest up last month, says NAEA
16 August 2010
The number of individuals looking to buy a house rose in July but lending restrictions remain a problem, says the National Association of Estate Agents. The NAEA says the average estate agent saw 292 house hunters in July.
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House prices fall for first time in a year as supply outstrips demand
16 August 2010
House prices fell in July for the first time in a year, says the Royal Institution of Chartered Surveyors.
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Housing activity up for second month in a row
16 August 2010
Housing transactions increased for the second consecutive month, jumping by 11% in July, says LSL Property Services. Its house price index shows that transactions rose from 64,915 in June to an estimated 72,100 in July.
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Inflation should be linked to rates or target means little
16 August 2010
In response to the news that the Bank of England has downgraded its forecast for economic growth by 0.9% for next year, governor Mervyn King was in charge of the Bank under a Labour government that regularly produced inflated growth figures.
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Katie Tucker opts to leave industry for a teacher's life
16 August 2010
Katie Tucker, chief operating office at Private Finance, is quitting the mortgage industry to become a teacher.
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LAST WEEK’S WINNER
16 August 2010
“I need to go inside and get warm - my body’s covered in goose pimples.” KEN WILKINSON
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Leader: Fundamentals need fixing
16 August 2010
Talk of a double dip recession hit the headlines last week, with Bank of England governor Mervyn King warning that the UK faces a choppy recovery. Meanwhile, the Council of Mortgage Lenders has revised its forecast for gross mortgage lending in 2010 downwards by £10bn.
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Leeds profits rose 10% in first half of this year
16 August 2010
Leeds Building Society’s profits rose by 10% to £18m in the first half of 2010. With new mortgage lending totalling £400m, the society is targeting an extra £1bn for 2010.
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Lenders take slow road back to RMBS
16 August 2010
BOB HUNT, CHIEF EXECUTIVE, PARADIGM MORTGAGE SERVICES
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Lending on hold as landlords face growing demand
16 August 2010
The buy-to-let sector must expand to fill the housing gap but lenders are reluctant to fill the funding gap
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Let us professionals dish out the advice, Goldsmith Williams
16 August 2010
With regard to Goldsmith Williams claiming brokers could generate significant remortgage opportunities by advising clients to switch to fixed rate deals, solicitors are supposed to be a clever bunch, aren’t they?
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Linx FS switches networks and signs up with PTFS
16 August 2010
Linx FS has joined the Personal Touch Financial Services network.
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Lucky broker wins tickets to Premier League fixture
16 August 2010
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Marketwatch
16 August 2010
The perilous position of Savills Lending Solutions shows how tough times are in the specialist market. Meanwhile, I’m not surprised to see Santander close its Alliance & Leicester brand
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Media Spotlight: Gross Misconduct
16 August 2010
by Venetia Thompson
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Off-the-shelf IT is your flexible friend
16 August 2010
SOPHIE HALL, DIRECTOR OF DISTRIBUTION, INTELLIFLO
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Packager code in jeopardy as SLS staff are placed into consultation
16 August 2010
ROB JUPP: MANY FRIENDS IN INDUSTRY
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Packagers played a part in creating the risky lending model
16 August 2010
It’s sad to hear that Rob Jupp, director of Savills Lending Solutions, and all staff at the firm have been placed in consultation.I know Jupp from his estate agency days and he’s a nice chap.
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Question mark hangs over future of Beacon
16 August 2010
CLIVE WILSON: REALISTIC ABOUT MARKET POSITION
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Rock unveils tracker designed by broker
16 August 2010
Northern Rock has launched a two-year tracker at 2.93% up to 70% LTV for brokers. The deal was the winner of the lender’s Design Your Own Mortgage Product competition which asked brokers to create deals. The winner, submitted by Mark Watson, has a £95 fee.
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Sesame Bankhall reports strong first-half trading
16 August 2010
JOHN CUPIS: GROUP PLANS ARE ON TRACK
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Spurs must not take risky route to glory
16 August 2010
GUY GARRARD, HEAD OF BUSINESS DEVELOPMENT, TIUTA
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Stop messing about and get on with it
16 August 2010
JEFF KNIGHT, MANAGING DIRECTOR, TONIC MARKETING SOLUTIONS
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Strengthening the foundations of ASU
16 August 2010
KEVIN PATERSON, SALES AND MARKETING DIRECTOR, ASSURANT INTERMEDIARY
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Sub-prime lending rises from the ashes
16 August 2010
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Thanks to Beacon for giving firms a chance to succeed
16 August 2010
I have just read about staff at Beacon Homeloans being placed into consultation. This is a shame but it was surely inevitable.Most lenders take years to become known in the marketplace but Clive Wilson and the staff at Beacon made it the success story we knew in just a few years.Good luck to the team and most importantly, thank you for giving me and a lot of other packagers a chance.Name and address supplied
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The high life isn't too arduous for rich flat-dwellers
16 August 2010
A lifestyle concierge for residents is a bare necessity in some of the fancier apartment blocks in London
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The Mortgage Mole
16 August 2010
DIGGING THE DIRT IN THE MORTGAGE WORLD…
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The next recession is already riding the merry go round
16 August 2010
If we can’t have decent growth to get us out of the proverbial, inflation is the next best thing.
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Three convicted for conning £4.6m out of providers
16 August 2010
Three individuals, including a for-mer police financial investigator, were last week sentenced to jail for defrauding mortgage providers out of £4.6m.
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Three lenders waiting for go-ahead from FSA
16 August 2010
DAVID TWEEDY: NEW LENDERS ARE A POSITIVE SIGN
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Time for a rethink on repayment deals
16 August 2010
AARON STRUTT, PRODUCT AND COMMUNICATIONS DIRECTOR, TRINITY FINANCIAL GROUP
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Track down clients who need your help
16 August 2010
MARK CLINTON, DIRECTOR, MD PENSION SOLUTIONS
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Untapped resource in the war on fraud
16 August 2010
STUART PEARCE, MANAGING DIRECTOR, MDA INFORMATION PRODUCTS
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We seem surprised at fraud statistics but we’ve known of dodgy dealings for years
16 August 2010
STAR LETTER
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Web is great but consumers need sound advice too
16 August 2010
Price comparison sites have a role to play in the industry but they will never replace intermediaries and advice
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Wise Owl stops offering mortgages
16 August 2010
Wise Owl Services is no longer per-mitted to conduct mortgage and insurance activities, the Financial Services Authority has revealed.
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yourshout
16 August 2010
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