Mortgage Strategy
16 May 2011
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Brokers sad to see Alan Mathewson move on to Abbey's retail business
16 May 2011
The departure of Alan Mathewson as managing director of Abbey for Intermediaries will be a loss for the sector, say brokers.
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100% LTV mortgages are history, says CML
16 May 2011
The industry has seen the end of 100% LTV mortgages, says Michael Coogan, director-general of the Council of Mortgage Lenders.
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11 Firms apply for lending authorisation in one year
16 May 2011
Eleven firms have applied to the Financial Services Authority for authorisation to carry out mortgage lending in the past 12 months, with Portillion confirming it has made an application in the last few weeks.
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40,000 Repossessions on the cards, warns CML
16 May 2011
Fears are growing that repossessions could surpass the 40,000 mark this year as lenders’ forbearance measures reach their limits.
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60 seconds with...Richard Adams
16 May 2011
Managing Director Stonebridge Group
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Applaud lenders that assist borrowers for the right reasons
16 May 2011
With regard to the FSA’s recent criticism of lenders using forbearance, I agree that it should not be offered if all it will do is delay the inevitable.
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Bank forecasts 5% inflation by the year-end but stays mum on rate rise
16 May 2011
MERVYN KING, UNCOMFORTABLY, HIGH INFLATION
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Banks urged to redress PPI customers quickly
16 May 2011
Industry bodies have welcomed the British Bankers’ Association’s decision not to appeal the High Court’s ruling on payment protection insur-ance and are now calling for banks to start redressing customers.
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Banks using home owners to shield their balance sheets
16 May 2011
I was intrigued to read some of the criticism levelled at the FSA after it accused lenders of using unnecessary forbearance measures to hide the true condition of their mortgage book as revealed in the news story in the May 9 issue.
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Bovis in talks about 95% LTV deal
16 May 2011
House builder Bovis Homes is in discussions with lenders about offering a 95% LTV mortgage.
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Brokers' chance to air views on MMR
16 May 2011
The TCF Lenders Forum is seeking brokers’ views on the Mortgage Market Review and the Financial Services Authority through an online survey.All participants have the chance to win an Amazon Kindle.
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CAN YOU HAVE A POP TO WIN THIS BOTTLE OF MIGHTY FINE CHAMPAGNE?
16 May 2011
Precise Mortgages’ Alan Cleary plays dress up with Headlinemoney’s Anna Ruddock (left) and SHIP’s Andrea Rozario
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Continuing a sorry tale about Scottish Provident's service
16 May 2011
About three months ago I wrote to Mortgage Strategy about the poor service at Scottish Provident.
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Don't tar all claims management firms with the same brush
16 May 2011
It was unfair of Peter Griffiths, chairman of the Building Societies Association, to tar all claims management firms with the same brush.
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Economic tracker - May 2011
16 May 2011
Our monthly economic tracker provides data and expert commentary on the health of the housing market
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Fears of rate rise prompt increase in remortgaging
16 May 2011
Remortgaging accounted for 37% of all lending in Q1 2011, up from 30% in Q4 2010, data from the Council of Mortgage Lenders shows.
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First they were too hard now banks are too soft on arrears
16 May 2011
The banks are damned if they do, and damned if they don’t.It wasn’t long ago that banks were being chastised for not treating customers fairly when they were in arrears.Now they appear to be under fire for being too lenient with borrowers who have found themselves in financial difficulty.Roger Travis
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FSA warning on unauthorised broker
16 May 2011
The Financial Services Authority is warning investors against dealing with Munir Mughal, trading as Mortgage Bureau (UK) Hayes.
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Get the facts right on bridging finance
16 May 2011
MARTIN KEARNS, HEAD OF STRATEGIC POLICY, TIUTA
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Global awareness of equity release
16 May 2011
Jon King, Managing Director, More2Life
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Grab your chance to win a case of wine
16 May 2011
Brokers have been voting in their droves to give us their views on the near-prime sector.If you haven’t already taken part in our survey just visit our website www.mortgagestrategy.co.uk and have your say.With the downturn causing blips on clients’ credit histories we want to know what our readers think of near-prime.All those who complete the survey will be entered into a competition to win a case of wine.
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HML site to close with 113 job losses
16 May 2011
HML is closing its office in Padiham, Lancashire and making 113 staff redundant.
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Immature FSA ruining the market, warns MP
16 May 2011
Labour MP George Mudie has dubbed the Financial Services Authority insecure and immature and claimed its Mortgage Market Review is damaging the housing market.
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In lean times firms must trim the fat
16 May 2011
Bob Young, Managing Director, CHL Motgages
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LAST WEEK'S WINNER
16 May 2011
“Parky recounts the time he met Jordan” STEPHEN SCHOFIELD NATIONAL FRIENDLY
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Leader: Hopes and hype of buy-to-let
16 May 2011
Speculation about an imminent rise in interest rates was splashed across the front pages of national newspapers last week following news that inflation is likely to hit 5% by the year-end.
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Left standing
16 May 2011
With the financial crisis leaving banks’ reputation in tatters, the time was ripe for building societies to jump in and make a difference. But some argue they have just watched as opportunities have sailed by
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Lenders must start building trust now
16 May 2011
Jeff Knight, Managing Director, Tonic Marketing Solutions
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Let IT help you take advantage of leads
16 May 2011
SOPHIE HALL, DISTRIBUTION DIRECTOR, INTELLIFLO
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Marketwatch
16 May 2011
Good news for buy-to-let borrowers as Coventry has reduced rates and Skipton has hiked its maximum LTV to 70%. And although it’s good banks will redress PPI customers, they’ll recoup the money somehow
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Media Spotlight: Onward
16 May 2011
By Howard Schultz
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MS editor scoops top trade press accolade
16 May 2011
Robert Thickett (left) and comedian Simon Evans
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N&P returns to B2L with three deals
16 May 2011
Norwich & Peterborough Building Society has made a comeback to the buy-to-let market with a limited tranche of funding.
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Name and shame rogue businesses in national press
16 May 2011
I was interested to read last week on Mortgage Strategy Online that the FSA is warning investors against dealing with Munir Mughal, trading as Mortgage Bureau (UK) Hayes.
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Rates fall as B2L products increase
16 May 2011
The number of buy-to-let deals has soared in the past 12 months, research from Moneyfacts shows.
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Regulator has no interest in the broker community
16 May 2011
STAR LETTER
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Rules oblige lenders to seek alternatives before repossessing
16 May 2011
I understand the argument that forbearance may be just delaying the inevitable but the problem is that not all banks are doing this for balance sheet reasons.
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Soaps show the need for business cover
16 May 2011
GEOFF HALL, MANAGING DIRECTOR, BERKELEY ALEXANDER
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Stamp Duty distorts the housing picture
16 May 2011
BOB HUNT, CHIEF EXECUTIVE, PARADIGM MORTGAGE SERVICES
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Taking the pulse of market confidence
16 May 2011
JOHN PHILLIPS, FINANCIAL SERVICES DIRECTOR, KINLEIGH FOLKARD & HAYWARD
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The mortgage mole
16 May 2011
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Why buy-to-let is seeing a resurgence
16 May 2011
With property purchase hard to achieve for many, rental demand has soared and lenders are returning to the once-beleaguered buy-to-let sector to cater for landlords keen to expand their portfolios
