Mortgage Strategy
17 November 2008
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168,000 homes at least three months in arrears, says CML
21 Nov 2008
Figures from the Council of Mortgage Lenders reveal that 1.44% of mortgages are at least three months in arrears bringing the total to 168,000 households.
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Abbey cuts up to 0.5% from fixed deals
20 Nov 2008
Abbey is cutting rates by up to 0.5% on all three-year fixed rate mortgages between 60% and 70% LTV.
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Abbey for Intermediaries launches broker exclusives
17 Nov 2008
Abbey for Intermediaries has launched a range of broker exclusives available from today.
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AIFA calls on government to lower costs for small firms
21 Nov 2008
The Association of Independent Financial Advisers is calling on the government to lower rates for Corporation Tax ahead of the pre-Budget Report.
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Aligned interest model is shape of things to come
17 Nov 2008
It's been a bit like Groundhog Day at the various mortgage conferences I've been to recently. Talk about done that and bought the T-shirt.
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AMI publishes pre-Budget wish list
21 Nov 2008
The Association of Mortgage Intermediaries is hoping Home Information Packs will be abolished as part of the pre-budget report on Monday.
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B&B admits hands tied over self-cert fraud
18 Nov 2008
Bradford & Bingley has admitted there is little it can do to tackle self-cert mortgage fraud where borrowers lie about their income.
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B2L breakdown
17 Nov 2008
Ten years ago buy-to-let was almost unheard of and most professional landlords were borrowing purely from commercial banks on what were pretty conservative terms.
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Bands of brokers and karaoke kings wanted
17 Nov 2008
We know the mortgage industry is full of talent and now we are going to prove it.
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Banks must return to traditional ways of making money
17 Nov 2008
With interest rates falling many consumers are hoping that this will be reflected in the cost of their mortgages, but I'm not sure this is likely or indeed in their long-term interests.
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Barclays shareholders warned against Middle East deal
17 Nov 2008
Shareholders in Barclays have been told to vote against the bank’s £5bn capital raising from the Middle East by corporate governance advisers Pensions Investment Research Consultants.
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BDS hosts info sessions for brokers
19 Nov 2008
BDS Mortgage Group is hosting information sessions for brokers across the country
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Beckett calls for house builders to keep building
20 Nov 2008
Housing minister Margaret Beckett is urging the house building sector to remain on task and continue building in the face of the economic downturn.
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Beckett doing all possible to avoid repossessions
20 Nov 2008
Housing minister Margaret Beckett has assured the House of Commons that the government is using all its power to stave off revelations.
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Big-hitting duo make mortgage market comeback
17 Nov 2008
Two big names returned to the mortgage market last week as Vicky Hodgson joined Assurant Solutions Intermediary as operations director and Louis Kaszczak joined Moneyfacts Group as head of its consumer website.
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Bleeping hell
17 Nov 2008
Mole was sat opposite sci-fi legend Kenny Baker - R2D2 in Star Wars - at the Vaudeville Golfing Society's 79th annual dinner and cabaret last week.
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Blow-by-blow account
17 Nov 2008
Workers had a smashing time following last week's Mortgage Business Expo.
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BM scraps delegated valuations
17 Nov 2008
BM Solutions failed to live up to its mantra of being the packager's friend last week after revealing it will scrap delegated valuations from November 22.
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Broker market remains healthy, says IMLA
21 Nov 2008
The broker lending market remains healthy despite pressure across the lending market, reports the Intermediary Mortgage Lenders Association.
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Brokers back product guarantees on sourcing systems
19 Nov 2008
Mortgage Brain has gained broker backing for its latest sourcing system which guarantees product accuracy.
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Brokers back TCF website
21 Nov 2008
Brokers are standing up for TCFinfo.co.uk a free website that provides guides and downloads to help them implement Treating Customers Fairly principles.
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Brokers look to cross-selling toolkit to boost sales
21 Nov 2008
Brokers are turning to a webpage from Paymentshield for help with cross-selling general insurance products.
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Brokers particularly vulnerable to organised crime
21 Nov 2008
IFAs and brokers have been recognised as particularly vulnerable to organised crime by the Serious Organised Crime Agency.
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Brokers sustain FTB share but numbers plunge
17 Nov 2008
Brokers are still advising 70% of all first-time buyers but the value of new borrower business has plummeted year-on-year.
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Capita Financial Software completes merger streamlining
17 Nov 2008
Capita Financial Software has completed the streamlining of operations following the integration of Quay Software, Synaptic and Webline.
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Central Trust pulls agencies
18 Nov 2008
Central Trust has pulled secured loan lending through its broker agencies one of which was network Unifi.
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Checkmate Mortgages rolls out revamped website
17 Nov 2008
Checkmate Mortgages has launched its redesigned website today in anticipation of its market roll out in 2009.
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Citigroup to cut 50,000 jobs
17 Nov 2008
Citigroup has announced it will trim its workforce by 20% from Q3 2007 levels by the end of this year.
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ClearDebt on acquisition trail
18 Nov 2008
IVA and debt management advisory firm ClearDebt is on the acquisition trial after reporting a pre-tax profit of £107,807 for the year ending June 30 2008.
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Complete adds Paradigm to packager panel
21 Nov 2008
Complete Mortgage and Loan Services has been appointed to Paradigm Mortgage Services' approved packager panel.
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Complete appointed sole packager to Debt Advice
19 Nov 2008
Debt Advice Network has appointed Complete Mortgage and Loan Services its sole packager.
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Consolidation rejects turning to TCF Debt Solutions
19 Nov 2008
Andy Moody, managing director of TCF Debt Solutions says it is starting to see more applications coming from brokers whose clients are unable to secure consolidation funding through a remortgage or secured loan.
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Consumers set to benefit from development collapse, says Assetz
20 Nov 2008
Homebuyers and investors could benefit from the current market as developers try to sell off their housing stock, says Assetz.
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Crosby report is due this month
17 Nov 2008
Sir James Crosby's long awaited review of the mortgage crisis is due in the next couple of weeks.
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Curriculumvitae: Kevin Carr
17 Nov 2008
Describe your current jobA bit of everything including PR, sales, marketing and product development. PruProtect has been around for just over a year so in many respects we are still a start-up business.
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Deal or Dire Deal
17 Nov 2008
The finance market is a tough place at the moment, almost every firm is having to make cuts, but Loan Ranger was particularly shocked to hear how one firm went about making some of its staff redundant.
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Don't fear takeover, MBSL ARs are told
17 Nov 2008
Network Data says appointed representatives at Mortgage Broker Services Limited will be unaffected by its purchase of the network for £2.5m last week.
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DPR Consulting gets 3 MS Technology Services Awards
21 Nov 2008
DPR Consulting Limited has been awarded three Mortgage Strategy Technology Service Awards.
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Easier2Move launches conveyancing deals
17 Nov 2008
Easier2Move is launching a range of conveyancing deals across its purchase and remortgage products to take into account falling house prices.
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EMF 2008: CML questions role of brokers
21 Nov 2008
Michael Coogan, director general of the Council of Mortgage Lenders quizzed mortgage leaders from other European countries at the European Mortgage Federation Conference about whether they thought brokers were seen as “evil.”
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EMF 2008: CML says demand shrinking faster than supply
20 Nov 2008
Speaking at the European Mortgage Federation Annual Conference 2008 in Brussels today, Michael Coogan, director general of the Council of Mortgage Lenders says the tide is starting to turn in the UK and pressure on the economy means that demand for mortgages is shrinking.
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EMF 2008: Demand shrinking faster than supply
20 Nov 2008
Speaking at the European Mortgage Federation Annual Conference 2008 in Brussels today, Michael Coogan, director general of the Council of Mortgage Lenders says the tide is starting to turn in the UK and pressure on the economy means that demand for mortgages is shrinking.
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EMF 2008: Naive to think 100% plus LTVs will not return says economist
21 Nov 2008
It would be naive to think that 100% plus LTVs will not return to the UK market says Andrew Lilico, managing director of UK consultancy firm Europe Economics.
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EMF 2008: No market recovery until 2010 says S&P
21 Nov 2008
Jean-Michel Six, managing director and chief European economist at Standard & Poors says the UK market will see no signs of recovery until 2010.
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EMF 2008: Securitisation not dead
21 Nov 2008
The securitisation market is not dead it is just waiting to be triggered again, was the conclusion of European mortgage specialists at the European Mortgage Federation Conference in Brussels yesterday.
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Equity Release will continue to grow
17 Nov 2008
To celebrate our 10th anniversary in the equity release market, we recently held a roundtable where the ‘great and the good’ of the sector met to discuss the future.
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Evaluate offers brokers slice of consumer business
17 Nov 2008
Evaluate Technologies has launched a version of its consumer software allowing brokers to get in touch with clients sourcing their mortgages online.
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Evaluate unveils sourcing system
17 Nov 2008
Evaluate Technologies has launched EvaluateConsumer, a white label sourcing system brokers can upload to their websites for deal comparisons.
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Fantasy Finance UK is the name of the game
18 Nov 2008
Fantasy Finance UK is the new game on the block and its mean.
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FISA boss admits it let big boys off lightly in the past
17 Nov 2008
John Parker, chief executive of the Finance Industry Standards Association, has admitted it used to go after smaller secured loan players and leave the big boys to their own devices.
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FLA issues good practice guide for lenders
18 Nov 2008
The Finance & Leasing Association has launched good practice guidelines setting out what secured loan customers encountering repayment difficulties can expect from their lender.
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Freedom Finance MD quits
18 Nov 2008
Richard Beaumont, managing director of Freedom Finance has quit the firm.
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FSA bans broker for fraud
18 Nov 2008
The Financial Services Authority has banned Peter King and his firm New Forest Mortgage Company for knowingly submitting applications for fraudulent life assurance policies.
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FSA steps up the TCF pressure on small brokerages
17 Nov 2008
In January the Financial Services Authority announced that it intends to visit or speak on the telephone to 11,300 small firms over the next three years.
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FSB calls on government to create £1bn fund
17 Nov 2008
The Federation of Small Businesses is calling for the government to cut tax and provide a £1bn fund for small firms in its pre-Budget report next week. It says small firms need innovative and short term solutions for new finance in order to get through a looming recession, and ensure the economy is put back on track as quickly as possible. The FSB is asking the chancellor Alistair Darling to establish a £1bn Small Business Survival Fund and to scrap proposed rises in corporation ...
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FSCS cost will be huge
21 Nov 2008
The majority of us didn’t foresee the closure of the secondary mortgage markets.
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Gordon Ramsay winners revealed
17 Nov 2008
The latest winners of Mortgage Strategy's chef's table lunch at Gordon Ramsay's Claridges restaurant (pictured) have been announced.
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Gross lending up 7% in October
20 Nov 2008
Gross mortgage lending rose 7% from September to £18.7bn in October, reports the Council of Mortgage Lenders.
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HBOS could face nationalisation if merger fails
17 Nov 2008
Lord Stevenson, chairman of HBOS, is warning that the lender risks nationalisation if shareholders vote against the proposed takeover by Lloyds TSB.
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HBOS warns of nationalisation if merger fails
17 Nov 2008
Lord Stevenson, chairman of HBOS, is warning that the lender risks nationalisation if shareholders vote against the proposed takeover by Lloyds TSB.
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Hedge fund backing for Cleary's Exact
17 Nov 2008
Fresh hope was brought to the market last week after fund manager Elliott Associates backed Alan Cleary's new venture Exact.
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Home Buyer Systems unveils comparison index for brokers
18 Nov 2008
Home Buyer Systems has launched the Home Buyer Sourcing Index to provide a “true cost” analysis of the differences between direct and broker facing mortgage products
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Hope springs eternal as borrowing costs ease
17 Nov 2008
Industry pundits say the mortgage market is at last beginning to see glimmers of hope with borrowing costs starting to ease and three-month LIBOR falling to 4.18%.
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HSBC cuts SVR to 5.44%
21 Nov 2008
HSBC has revealed that it is cutting its SVR by 0.81% from December 5.
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Icesave customers start to receive compensation
17 Nov 2008
The Financial Services Compensation Scheme has started to roll out £250m in compensation to UK customers with Icesave.
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IMF needs $1bn funding injection
17 Nov 2008
The International Monetary Fund is warning it will need $1bn or £68bn to continue propping up global economies.
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Industry needs to pull together
18 Nov 2008
As we move towards the end of the year, I am looking across a landscape that none of us thought possible twelve months ago.
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Inflation falls to 4.5%
18 Nov 2008
Cheaper transport costs led to a record fall in inflation from 5.2% in September to 4.5% in October.
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Inflation falls to 4.5%
18 Nov 2008
The Consumer Prices Index fell from 5.2% in September to 4.5% in October due mainly to cheaper transport costs.
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Inflexible GEMHL is ruining clients' lives needlessly
17 Nov 2008
In light of the 1.5% base rate cut you would think all lenders would pass some if not all of the savings on to customers, but not GE Money Home Lending.
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Insurers must resist pulling unemployment cover
17 Nov 2008
Protection specialist Burgesses is warning insurers against penalising consumers by pulling unemployment deals in the face of mass joblessness.
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Kent steps down as B&B chairman
17 Nov 2008
Rod Kent, chairman of Bradford & Bingley, and three other non-executive directors have stepped down from the board of B&B.
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Key Retirement Solutions appoints premier partner
17 Nov 2008
Key Retirement Solutions has appointed Connect Mortgage Group as a premier partner.
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Latest base rate cut could be fatal blow for embattled brokers
17 Nov 2008
I am not sure whether this is a suicide note or a letter commenting on the Bank of England's 1.5% base rate cut.
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LeadPoint sees boom in business
17 Nov 2008
LeadPoint says it has seen a significant increase in the number of advisers turning to lead generation. Justin Rees, UK head of marketing at Leadpoint, says: “LeadPoint exhibited at last week’s Mortgage Business Expo and the interest from advisers was overwhelming. We had over 300 advisers register their details over the two days of the show.
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Lenders barring applicants from SVR deals
18 Nov 2008
Reserach from mform.co.uk says major lenders have barred new applicants access to their SVR deals in the face of falling rates.
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Lenders threatened with full nationalisation
21 Nov 2008
Lloyds TSB, HBOS and Royal Bank of Scotland have been threatened with full-scale nationalisation unless they pass on rate cuts to customers.
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Light In The Gloom
17 Nov 2008
It's been a weekend of depressing stories in the press, quite apart fromEngland's cricket and rugby exploits, Cherie Lunghi leaving Strictly ComeDancing, and also the fact that we all work hard for a living whileyoung Hannah Montanah is set to be a billionaire by age 20.
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LIVE founder and CEO Rob Sendall quits
20 Nov 2008
Rob Sendall, founder and chief executive of conveyancer and HIP provider The Live Organisation, is stepping down and leaving the company.
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Lloyds shareholders vote yes to takeover
19 Nov 2008
Shareholders in Lloyds TSB voted overwhelmingly in favour of acquiring HBOS.
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Lloyds TSB's black horse is no white knight
17 Nov 2008
Eleventh-hour plans to thwart Lloyds TSB's proposed takeover of HBOS seem set to provide an interesting diversion for neutrals and a frisson of excitement for partisan players.
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Loans to small firms rise by almost £1bn
21 Nov 2008
Lending to small businesses grew by just under £1bn for Q3, statistics from the British Bankers’ Association reveal.
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Loans.co.uk exits secured industry
17 Nov 2008
Watford-based Loans.co.uk shut its doors last week, resulting in the loss of 276 jobs.
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Marketwatch 17/11/08
17 Nov 2008
In an amazing week swaps fell by the largest margin I have seen since I first started writing this column.Since the end of September one-year swaps are down a whopping 2.5%. I had to alter the y axis of the graph to accommodate the low levels they have reached.
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Members should pay lower FSA fees for good behaviour, says AMI
17 Nov 2008
The Association of Mortgage Intermediaries claims its members should pay lower regulatory fees because they are less likely to face Financial Services Authority action.
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Momentous seven days for race and rates
17 Nov 2008
It was an epochal week. First came the election of US President Barack Obama. This is a triumph for a nation that still segregated black from white in my lifetime.
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Money Makes The World Go Around...
18 Nov 2008
Last night I settled down to watch a very interesting programme called"The Ascent Of Money".
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Mortgage Business Expo - London
17 Nov 2008
Last week we saw the excitement of yet another Mortgage Business Expo – well MBE formerly known as Mortgage Business Expo – in London.
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Mortgage deals evolve as the new year beckons
17 Nov 2008
Necessity is the mother of invention and as the funding markets change mortgage products are evolving to keep up.
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Mortgage Next appoints Viva Costa
18 Nov 2008
Mortgage Next has appointed Viva Costa International to provide an overseas property investment package for mortgage brokers and their clients.
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Mortgage products drop to five-year low
21 Nov 2008
The number of live mortgage products has dropped to a level not seen since 2003, reveals data from the Trigold Product Index.
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Mortgage rates don't reflect LIBOR, says Moneyfacts
20 Nov 2008
Mortgage rates are not falling in line with LIBOR despite the gap narrowing between LIBOR and base rate, warns Moneyfacts.co.uk.
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Mortgage Times launches three-year fix with Abbey
20 Nov 2008
Mortgage Times has teamed up with Abbey for Intermediaries to offer a three-year fixed rate deal at 4.69%.
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MPC rate move is bad news for remortgages
17 Nov 2008
The Monetary Policy Committee decision to slash rates heralds a major constriction of the remortgage market for brokers.
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MPC united on rate cut
19 Nov 2008
The decision to cut interest rates by a dramatic 1.5% was a unanimous one, minutes from the Monetary Policy Committee reveal.
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NAEA calls for more government action
19 Nov 2008
The National Association of Estate Agents is calling for more action from the government to prop up the property market.
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Naive to think 100% plus LTVs will not return says economist
21 Nov 2008
It would be naive to think that 100% plus LTVs will not return to the UK market says Andrew Lilico, managing director of UK consultancy firm Europe Economics.
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Nationwide drops fixes but stays away from trackers
20 Nov 2008
Nationwide is cutting fixed rate deals by up to 0.80% but has confirmed it has no current plans to introduce new trackers.
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New sellers drop to record lows
17 Nov 2008
The number of home owners putting their properties up for sale has fallen to the lowest level since 2002, reveals the Rightmove house price index.
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No annual bonuses for Barclays execs in 2008
18 Nov 2008
Barclays says its executive directors will receive no bonuses for 2008.
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Off-plan property service launched
17 Nov 2008
The XBond Company has launched XBInvest, a service designed to help clients looking to buy off-plan property.
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OPINION: The hypocrisy of self-certification mortgages
19 Nov 2008
The very simple principle leading to self-certification mortgages becoming popular is greed for capital growth and income by everyone.
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Pawnbroker targets brokers
17 Nov 2008
Online pawnbroker Borro.com is targeting brokers and offering them 5% commission for introducing clients looking to take out short-term loans.
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Pink launches general insurance referral service
20 Nov 2008
Pink Home Loans will now provide a general insurance referral service to its network members.
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Pink launches remittance software for brokers
21 Nov 2008
Pink Home Loans has launched financial management software to help brokers manage remittances.
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Pink sees rise in brokers seeking guidance
18 Nov 2008
Pink Home Loans has reported an increase in the number of directly authorised brokers asking for compliance support and those looking to become appointed representatives.
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Pink shuffles executive team
19 Nov 2008
Pink Home Loans has shuffled its excutive team following the resignation of Barry Meeks, formerly chief executive of the Pink Home Loans Group.
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Platform enters prime market to help brokers
17 Nov 2008
Platform has revealed that it is branching out from being a specialist lender to offer prime products.
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Politics of fear used to create managed market
17 Nov 2008
News that Sir George Mathewson, erstwhile chief executive of the Royal Bank of Scotland, and Sir Peter Bert, former chief executive of Bank of Scotland, are trying to derail Lloyds TSB's takeover of HBOS has to be welcomed.
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Precious seeds of hope
17 Nov 2008
With interest rates at historic lows and with pundits predicting that they will fall even further, Mortgage Strategy wonders when we'll hit the bottom of the market.
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Prestbury Liquidation Crisis : A letter from Lee Birkett
21 Nov 2008
Over the past several months there has been much confusion and controversy over the state of network Prestbury Financial.
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Protection needs of redundant customers
17 Nov 2008
News from the employment market has been far from rosy in recent weeks. Job losses have become a reality and commentators predict there will be many more to come as the economic downturn begins to bite.
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PruProtect offers lower premiums
17 Nov 2008
PruProtect is allowing policyholders to reduce their insurance premiums every year and lock in to its lowest rates as long as they lead healthier lifestyles.
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Pundits predict equity release sector will double in five years
17 Nov 2008
Industry experts are forecasting that the equity release sector will double in value over the next five years to £2.4bn.
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Rationale for the banking system is under threat
17 Nov 2008
Banks have forgotten how to lend money based on old-fashioned criteria.
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Recession to last through 2009, says CBI
17 Nov 2008
The Confederation of British Industry is predicting the current recession is likely to last until 2010.
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Regret is the only thing that comes to those who wait
17 Nov 2008
In my previous article I looked at the pitfalls to avoid if your business is struggling. This week I look at the importance of seeking advice early.
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Regulator to scrutinise firms' adherence to TCF
17 Nov 2008
The Financial Services Authority will check that brokers are applying TCF principles during its regular assessments from January.
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Reluctant landlords threatening rental sector warns NLA
18 Nov 2008
The National Landlords Association says a new breed of reluctant landlords are posing a major risk to the overall health of the British rental market. The Royal Institute of Chartered Surveyors Residential Lettings Survey for Q3 shows the number of new landlord instructions to let in Q3 2008 has grown at the fastest pace since records began. 56% more surveyors reported a rise in new instructions than a fall, as compared to 45% in Q2.
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Rents falling for the first time since 2003
18 Nov 2008
Rental prices have fallen for the first time in over five years, the Royal Institution of Chartered Surveyors reports.
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Repossession strain could floor lenders
17 Nov 2008
Despite the criticisms that MPs and social commentators are directing at lenders and the economic pressures they face, repossession proceedings remain the last resort.
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Rhyming slang
17 Nov 2008
Delegates and speakers at the Personal Finance Society conference last week were in good cheer thanks to compere-turned-comedian Justin Urquhart Stewart.
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Scotland to roll out Home Reports
17 Nov 2008
Scotland is set to roll out Home Reports for properties for sale from December 1.
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Scottish government failing landlords over EPCs
19 Nov 2008
The Scottish government is failing to prepare landlords for the introduction of Energy Performance Certificates, warns the National Landlords Association Scotland.
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Secured interest
17 Nov 2008
If you had uttered the words 'secured loan' to a mortgage broker five years ago, the first image that is likely to have popped into their head would be television personality Carol Vorderman advertising Firstplus products on daytime TV. Over the years the secured loans market has been haunted by the notion that it provides lending of last resort. But as mortgage lenders tighten their belts, secured loans are no longer seen as the final option for clients but as a viable approach for those ...
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Shapps calls housing target a con
20 Nov 2008
Grant Shapps, shadow minister of housing, has called Gordon Brown's pledge to build 3 million homes by 2020 a con.
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SHIP wants end to rent-back comparisons
17 Nov 2008
Safe Home Income Plans is calling on Trading Standards to put a stop to misleading comparisons between equity release and sale-and-rent-back.
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So long and auf wiedersehen to Mortgage Strategy
17 Nov 2008
Welcome to my final column. I will now hand over the reins to my colleague Peter Curran and I wish him well.
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Spanish flee
17 Nov 2008
Mole was intrigued to view an interesting film at an industry awards do last week.
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Standard & Poor's warns buy-to-let loans will suffer
19 Nov 2008
Standard & Poor's is warning that buy-to-let mortgages will react poorly to the current downturn - worse than the overall market.
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Sticking together
17 Nov 2008
When times are hard it's good to see solidarity in the industry. Mole hears that mortgage veterans Bill Dudgeon, Joe Rabbitt and Alan Dring have a regular drinking session, which they call Last of the Summer Wine. Bless.
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TCF sees 70% rise in requests for debt help
19 Nov 2008
TCF Debt Solutions has seen monthly enquiries rise by 70% since June as the credit crunch has set in and the housing market continues to stagnate.
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Tesco Personal Finance could provide broker ranges
17 Nov 2008
Tesco Personal Finance is yet to decide whether it will include broker facing product ranges in its recently announced mortgage offering.
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The economy has taken centre stage once again
17 Nov 2008
Prime Minister Gordon Brown has hinted at tax cuts following the Bank of England's decision to cut interest rates to their lowest level since 1953.
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The Money Centre shuts up shop in Sheffield
18 Nov 2008
The Money Centre has closed its Sheffield office from today.
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Time to batton down the hatches
17 Nov 2008
The news that White Label Loans has withdrawn from the market has sent shock waves around the sector.
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TMA launches deal with Abbey for Intermediaries
18 Nov 2008
The Mortgage Alliance has launched a two-year fixed rate deal at 4.39% funded by Abbey for Intermediaries.
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Toller leaves LMS
19 Nov 2008
Dominic Toller, director of new business and marketing at LMS, is leaving the company to launch a business in the lending sector.
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Trade bodies slam Competition Commission proposals for PPI
17 Nov 2008
The Competition Commission has been slated over its proposals for the payment protection insurance industry.
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Tudor dethroned by credit crunch
17 Nov 2008
Tudor Mortgage and Finance became the latest packager to bow out of the mortgage market last week, blaming impossible trading conditions for its demise.
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White Label Loans withdraws from market
19 Nov 2008
White Label Loans has withdrawn from the secured loan market for the foreseeable future.
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White Label Loans withdraws from market
20 Nov 2008
White Label Loans has withdrawn from the secured loan market for the foreseeable future.
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Woolwich and PMS launch remortgage exclusives
20 Nov 2008
Premier Mortgage Service has launched four new remortgage exclusives for its directly authorised channel with Woolwich.
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X-rated AFB
17 Nov 2008
Robert Sinclair, director of the Association of Finance Brokers seems to have one thing on his mind at the moment.
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Your Move parent sees group profits slide 22%
17 Nov 2008
LSL Property Services, the owner of estate agency Your Move, has revealed group profits are down 22%.
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Your Move sees surge in year-on-year rental demand
20 Nov 2008
The number of new rental leases beginning in October is 53% higher than the same time last year, reveals data from lettings agent Your Move.
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Zero tolerance for phoenix firms
17 Nov 2008
The Financial Services Authority has warned that it will adopt a zero tolerance approach to phoenix firms.
