Mortgage Strategy
18 July 2011
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Brokers need not be worried by Google's comparison service
18 July 2011
I was interested to read the story last week that Google is piloting a mortgage comparison service.
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60 seconds with...Lynne McCaffrey
18 July 2011
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Barratt predicts demand for over 1,500 homes in FirstBuy scheme
18 July 2011
Barratt Developments says it already has 100 deals in the pipeline for the government’s FirstBuy scheme and expects demand to exceed 1,500 properties.
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Beware of advising on an unregulated investment product
18 July 2011
Brokers must be careful not to promote or advise on UCIS without the relevant permissions and PI cover
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Brokers warned over unregulated schemes
18 July 2011
Robert Sinclair
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Buying with mates can end in enmity
18 July 2011
BOB HUNT, CHIEF EXECUTIVE, PARADIGM MORTGAGE SERVICES
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Buy-to-let deals proliferate by 35%
18 July 2011
The number of buy-to-let products available has increased by 35% over the past three months, research from Mortgages for Business shows.
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CAN YOU HAVE A POP TO WIN THIS BOTTLE OF MIGHTY FINE CHAMPAGNE?
18 July 2011
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Caring role
18 July 2011
The Dilnot report is a huge step towards recognising the role of equity release in funding care and could bring the sector back to life
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Clients rushed to remortgage in May as rates were low
18 July 2011
Michael Coogan
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Consumers have false impression of claims firms
18 July 2011
Confusion among consumers on whether claims management firms are regulated or not is leaving many without legal protection when things go wrong, the Legal Ombudsman has warned.
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Customer services should never have been sent overseas
18 July 2011
With regard to Santander moving its call centres back to the UK, I would ask how any company based in the UK and profiting from British customers could dare to offshore its call centres?
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Destructive invader is a knotty problem
18 July 2011
RICHARD SEXTON, BUSINESS DEVELOPMENT DIRECTOR, E.SURV
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Don't dismiss offset as financial climate makes it a useful tool
18 July 2011
In the wake of HSBC’s comment last week that an offset mortgage could save borrowers thousands, there were a couple of comments stating that most brokers wouldn’t recommend a First Direct product because they don’t get paid for it.
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Doubts cast on chance of recovering Citri debt
18 July 2011
Citri’s liquidator says it is unclear whether it can recoup any of the firm’s £1.8m liabilities.
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Economic tracker - July 2011
18 July 2011
Our monthly economic tracker provides data and expert commentary on the health of the housing market
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FSA hospitality spend leapt by 30% last year
18 July 2011
The Financial Services Authority’s expenditure on food and drink increased by just over 30% in 2010 compared with 2009.
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FSA shouldn't make brokers scapegoats for economic strife
18 July 2011
The Financial Services Authority last week revealed that it had banned another four mortgage brokers and imposed fines totalling £450,000 for knowingly using misleading and inaccurate information to secure mortgages.
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Getting back to the basics of advising
18 July 2011
DAVID HESKETH, GROUP M&A MANAGER, PERSPECTIVE FINANCIAL GROUP
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Google denies UK website is same as its US service
18 July 2011
Google has downplayed the launch of its UK mortgage comparison website and says it is not comparable to the service it launched in the US earlier this year.
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Half-year targets push up approvals
18 July 2011
Mortgage approvals for purchase went up by 6.7% in June as lenders rushed to meet their half-year lending targets, according to the latest e.surv mortgage monitor.
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Inflation drops slightly in June
18 July 2011
Inflation fell unexpectedly in June to 4.2%, down from 4.5% in May, according to the Office for National Statistics.
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It's now cheaper to locate call centres in UK than in India
18 July 2011
I was interested to hear last week that Santander UK is returning all its call centres from India to the UK as part of its drive to improve service.The reality is that it is now cheaper for companies to have call centres in UK than India as the latter has become one of the fastest growing countries in the world. It is too expensive to set up camp there. This is a cost-cutting exercise.Dave Renter
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Jobless figure falls 0.1% but JSA claims have increased
18 July 2011
The number of unemployed people fell by 26,000 in the three months to May, but those claiming Jobseeker’s Allowance shot up in June.
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Kensington extends 90% LTV to whole market and relaxes criteria
18 July 2011
Charles Morley
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LAST WEEK’S WINNER
18 July 2011
“Team GB announces its team for the new wise boys event.”SIMON BUCKNELLFOX & SONS
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Leader: New normal rate could be 2%
18 July 2011
With inflation dipping last week the impetus to increase interest rates will no doubt recede even further. We’ve now been at the historic rate of 0.5% for 29 months, the lowest level since the Bank of England was set up in 1694.
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Marketwatch
18 July 2011
More lenders have entered the 90% LTV arena, with recent deals from Clydesdale, Chelsea and Kensington. And it is good to see Private Finance offering recruits an equity stake in the business
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Mates mortgages are not a realistic option
18 July 2011
PAUL BROADHEAD, HEAD OF MORTGAGE POLICY, BUILDING SOCIETIES ASSOCIATION
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Media Spotlight: Outliers: The Story of Success
18 July 2011
By Malcolm Gladwell
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Next challenge is educating public on market changes
18 July 2011
* STAR LETTER
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Nigel Payne worked wonders at Assurant so best of luck to him
18 July 2011
Regarding the news last week that Nigel Payne is to leave his position as managing director of Assurant Intermediary, I’d just like to say that he worked wonders behind the scenes, pulling together a fragmented back office while simultaneously turning Assurant into a popular brand.
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Nigel Payne's exit from Assurant comes as a surprise to industry
18 July 2011
Nigel Payne
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Non-conforming RMBS arrears in stable position, says Moody's
18 July 2011
Moody’s reports that arrears in UK non-conforming residential mortgage backed securities are stable, despite some portfolios with arrears of over 34%.
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Paving the way for a self-build revolution
18 July 2011
Jason Orme, editor of Homebuilding and Renovating, sheds light on the issues affecting the housing industry
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Remind clients cheap does not mean best
18 July 2011
JAMES WATSON, SALES DIRECTOR, PAYMENTSHIELD
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Rental sector hit by shortage of quality property
18 July 2011
A lack of good quality property is threatening the rental market, says the Association of Residential Letting Agents.
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Ring-fencing proposal poses threat to mutuals
18 July 2011
Proposals for lenders to ring-fence retail activities could hit mutuals’ capacity for mortgage lending, according to the Building Societies Association.
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Seven-day sale at Abbey includes two-year 2.89% fix
18 July 2011
Abbey for Intermediaries has launched its sixth seven-day range for key accounts.
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Specialist teams needed to combat mortgage fraud
18 July 2011
FSA says lenders need experienced and empowered staff to counter fraud at all stages of the application process
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Standby servicing has been invoked in UK - in May 2008
18 July 2011
The article in last month’s Lending Zone entitled ’Standby services in the spotlight’ stated that the invocation of a standby servicer has never happened in the UK. That statement is incorrect.
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Sustainable pricing is the new normal
18 July 2011
SUE ANDERSON, HEAD OF MEMBER AND EXTERNAL RELATIONS, COUNCIL OF MORTGAGE LENDERS
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TCF changes will put focus on data storage
18 July 2011
MARK BLACKWELL, MANAGING DIRECTOR, XIT2
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The mortgage mole
18 Jul 2011
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Time to think about near-prime products
18 July 2011
ROGER MORRIS, HEAD OF SALES, PRECISE MORTGAGES
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We will have to use initiative to beat flat property prices
18 July 2011
A PriceWaterhouseCoopers report has predicted that house prices are unlikely to return to their previous peak levels until 2020.
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Week in Numbers
18 July 2011
3.2million - The number of people three months behind with a debt repayment or who are subject to some debt action such as insolvency, the Consumer Credit Counselling Service reports.
