Mortgage Strategy
17 October 2011
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Understanding how IT can help your firm
17 October 2011
I was one of several presenters at a conference last week. With several hundred people in the room, the challenge was how to stop them drifting off during my presentation on IT.
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£829M RMBS issued by two banks
17 October 2011
Clydesdale and Yorkshire banks have issued a £829m securitisation backed by buy-to-let mortgages.
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2.57 Million jobless figure is a 17-year record, says ONS
17 October 2011
UK unemployment rose by 114,000 between June and August to reach a 17-year high, figures from the Office for National Statistics reveal.
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60 seconds with...Martin Leong
17 October 2011
Martin Leong, Group commercial director, OneSavings Bank (trades as Kent Reliance)
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A stable quarter with just nine ARs lost
17 October 2011
Before we go into the analysis of Q3’s performance figures I must make the usual caveat that they are taken from the Financial Services Authority’s register on one day and represent a snapshot of the register on that day.
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ASA clamps down on text message ad from PPI Careline
17 October 2011
The Advertising Standards Authority has banned an advertisement from Manchester-based claims management firm PPI Careline for being misleading.
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Barclays mulls over an offset together strategy
17 October 2011
Barclays is considering the launch of a high LTV first-time buyer mortgage through its offset proposition.
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Build up leads before the Christmas slump
17 October 2011
It may only be October but you can’t escape the fact that Christmas is coming. While the festive season is something to look forward to, for many businesses it is a period of inactivity, which in a slow economy is not welcome to say the least.
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Caption Competition
17 October 2011
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Caption Competition: Last Week's Winner
17 October 2011
“Right, here are the keys, stick the Mini in my garage while I nip into the house and get your prize model mini from my sideboard.”RACHEL KAY
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Castle Trust aims for December 1 launch of partnership mortgages
17 October 2011
Castle Trust plans to launch its partnership mortgage products on December 1, subject to Financial Services Authority approval.
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Enjoy life knowing you are protected
17 October 2011
Being an adult can sometimes feel like a bit of a chore. As the years go by the memories of carefree youth become increasingly hazy.
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Even a small lending rise will tax valuers
17 October 2011
The Council of Mortgage Lenders August lending figures brought some welcome cheer, with a reported year-on-year rise in gross lending of around 10%.
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FSA will get personal on brokers' finances
17 October 2011
A recurring point in my meetings with directors and owners of broking firms is how the impending individual registration of brokers operating in a firm may affect their businesses.
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Games lenders play for year-end targets
17 October 2011
I’m assuming Greece hasn’t defaulted and the euro is in one piece by the time this article goes to press.
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HSBC pledges £350m at high LTVs in run-up to Xmas
17 October 2011
HSBC has committed to lend £350m to borrowers at high LTVs in the months leading up to Christmas.
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Ian Baker calls it quits at Capital Private Finance
17 October 2011
Ian Baker has left Capital Private Finance after less than four months as sales director.
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Incentive disclosure cuts new-build risk
17 October 2011
As a bid to instil confidence in the new-build market, the launch of the strengthened Disclosure Of Incentives form is well timed.
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Lenders and brokers to cooperate more as part of fraud initiative
17 October 2011
Lenders and brokers have pledged to share more information in an effort to crack down on mortgage fraud as part of an initiative launched last week.
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Marketwatch
17 October 2011
Swaps increased pretty significantly, with longer-term swaps showing the largest rises. Three and five-year swaps are now up more than 0.25% above the all-time lows posted a couple of weeks ago.
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MMR proposals will be sensible, says AMI
17 October 2011
The final Mortgage Market Review proposals will be more sensible than the draft ones, predicts Robert Sinclair, director of the Association of Mortgage Intermediaries.
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More surfing for payday loans than mortgages in July
17 October 2011
Online searches for payday loans and other loan products overtook those for mortgages in July, according to social marketing agency Greenlight.
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MS leader: HSBC plan has a silver lining
17 October 2011
It’s hardly surprising that HSBC is the bank brokers love to hate. The fact it will not pay brokers a proc fee for introducing a mortgage makes it a threat the broking industry cannot avoid.
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Paymentshield slammed for trail commission cut
17 October 2011
Brokers are up in arms after having their trail commission slashed from 27% to 5% by Paymentshield.
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Protection sales and broker training pushed Pink into the black this year
17 October 2011
Pink Home Loans says it is confident it will report a profit for 2011 after bolstering its protection sales and encouraging brokers to make the most of their client banks.
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Pushing offset up the agenda
17 October 2011
A lack of availability, low broker confidence in selling the product and general misconceptions about it are preventing the offset sector from growing, say our round table experts
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Regulation will not benefit B2L sector
17 October 2011
The debate about whether buy-to-let will become a regulated product has been in the news again.
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Remortgage loans in August jumped 30% year-on-year
17 October 2011
The Council of Mortgage Lenders says the market is starting to show signs of life, after a 30% increase in remortgage business in August.
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RMBS deal worth £3.5bn is on the horizon for RBS
17 October 2011
Royal Bank of Scotland plans to issue a £3.5bn residential mortgage-backed securitisation.
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Santander promises B2L caution
17 October 2011
Bill Gray, deputy chief credit officer at Santander, says the lender has learnt from its past mistakes in buy-to-let and will not re-enter the market until it is confident it can offer a good service.
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Shawbrook Bank makes its debut
17 October 2011
Whiteaway Laidlaw Bank relaunches as Shawbrook Bank today.
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Star letter: Reversion rates and hidden self-cert make B2L risky
17 October 2011
Mortgage Strategy’s cover feature last week on buy-to-let made the case that the sector is a bit of a double-edged sword.
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The Decision Book
17 October 2011
By Mikael Krogerus and Roman Tschäppeler
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The Mortgage Mole
17 October 2011
Mole hears that one broker had a lucky escape recently when advising Robert Sinclair, director of the Association of Mortgage Intermediaries, about his mortgage.
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Three firms fall foul of OFT standards
17 October 2011
The Office of Fair Trading has taken action against three debt management companies.
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Towergate paid out £1.3m for John Charcol takeover
17 October 2011
John Charcol was bought by Towergate Financial for £1.3m in February last year, Mortgage Strategy can reveal.
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We must fight to get brokers back on top
17 October 2011
Last week I was looking at the Financial Services Authority’s statistics on the market share of mortgages done by intermediaries versus those done by direct lenders.
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Week in numbers
17 October 2011
1 - The number of notches Spain’s credit rating was downgraded by Standard & Poor’s last week, from AAto AA.
