Mortgage Strategy
19 April 2010
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A deposit scheme would open doors
19 April 2010
ROBERT WINFIELD, MANAGING DIRECTOR, CHARTWELL FUNDING
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60 Seconds with...Jason Berry
19 April 2010
JASON BERRY, HEAD OF DISTRIBUTION AND STRATEGY, SAFE&SECURE INSURANCE SERVICES
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A sunshine island where only rich folks are at home
19 April 2010
Fancy buying a property on Jersey? Unless you have at least £5m, forget it - they even turned down Bergerac
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Abbey unveils fee-free deals to build loyalty among clients moving home
19 April 2010
Abbey for Intermediaries has launched a range of fee-free fixed and tracker rates for borrowers looking to remortgage with the lender when moving home.
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An alliance that could strengthen the housing chain
19 April 2010
Brokers can add value to estate agents’ propositions as both professions fight to survive the market slowdown
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Apathy endangers economic recovery
19 April 2010
CHRISTOPHER TAYLOR, CHIEF EXECUTIVE OFFICER, LONDON & EUROPEAN
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Broker fined for submitting 42 fraudulent cases
19 April 2010
The Financial Services Authority has fined mortgage broker Gary Lester £103,000 for knowingly submitting 42 fraudulent mortgage applications to lenders.
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Brokers face delays in AR application process
19 April 2010
The Financial Services Authority is taking a tough line on brokers applying to become appointed representatives, resulting in delays to the application process.
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Call for FSA to ramp up network scrutiny
19 April 2010
There have been renewed calls for the regulator to boost its supervision of networks after it was revealed that consumers but not brokers will be compensated for losses incurred due to Network Data’s closure.
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CAN YOU HAVE A POP TO WIN THIS POSH MONTBLANC ROLLERBALL PEN?
19 April 2010
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Chess launches portal for non-resident Indian clients
19 April 2010
The Chess Group has launched a global multi-service web portal for non-resident Indians, offering property and legal services.
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Compulsory cover might benefit us all
19 April 2010
JAMES WATSON, HEAD OF SALES AND MARKETING, PAYMENTSHIELD
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Coventry and Godiva join AMI as associates
19 April 2010
Coventry Building Society and Godiva Mortgages have joined the Association of Mortgage Intermediaries as associate members.
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Covering up arrears was common among lenders
19 April 2010
MARGARET COLE: WE ACT AGAINST TOP DIRECTORS
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Drawbridge seeks approval to offer mortgage range
19 April 2010
Drawbridge Finance is applying to the Financial Services Authority for permission to offer regulated mortgages.
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Experience needed to assess risk, not automated systems
19 April 2010
The tragedy of the market is highlighted by my dark-haired colleague (see previous letter). Here is a skilled risk-taker who is unemployed while big lenders blithely persist with the credit scoring approach.
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FSA fines Kensington £1.23m for being unfair to clients in arrears
19 April 2010
Kensington has become the second lender to be fined by the Financial Services Authority for unfair treatment of borrowers in arrears.Last week the regulator fined the lender £1.23m and ordered it to pay redress of up to £1.07m.
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GEMHL targets clients with credit blemishes
19 April 2010
MARK SNAPE: MARKET IS RECOVERING
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GMAC sells its UK financial arm as part of European exit strategy
19 April 2010
GMAC Financial Services has agreed to sell its UK financial arm GMAC-RFC to asset manager Fort-ress Investment Group.
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Good relationship I had with Abbey has disappeared
19 April 2010
I was intrigued to read on Mortgage Strategy Online recently that Abbey is looking to reward brokers for good packaging.
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Helping brokers to take a fresh view of client selection
19 April 2010
Brokers increasingly want to select clients by type rather than product required which may change the leads sector
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High street banks made the adverse market look stupid
19 April 2010
I was interested to read about TFC Homeloans’ prediction that specialist lending will return (Mortgage Strategy Online).
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Hot competition in the charity stakes
19 April 2010
BEN THOMPSON, DIRECTOR OF MORTGAGE, LEGAL & GENERAL
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House purchase approvals rose 12% in February
19 April 2010
The number of house purchase approvals grew by 12% in February to 35,000, data from the Council of Mortgage Lenders reveals.
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HSBC gets insight into equity customers have
19 April 2010
HSBC is now able to view the amount of equity customers have in their homes, thanks to the Equity Indicator product developed by Hometrack and Callcredit. It combines Hometrack’s automated property valuation information with Callcredit’s client data.
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ING tests the intermediary water as it trials deals via L&G network
19 April 2010
JULIAN HARTLEY: THIS IS JUST A PILOT SCHEME
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Jon Moulton buys a stake in large loans brokerage
19 April 2010
Jon Moulton, founder of Alchemy Partners and chairman of Better Capital, and two other UK entrepreneurs have taken a big stake in Largemortgageloans.com.
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LAST WEEK’S WINNER
19 April 2010
NEIL DAINTON REDFORD FINANCIAL PLANNING“The panel are split on the precise status of Greece.”
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Leader: An unpopularity contest
19 April 2010
If the readers of Mortgage Strategy could decide the general election there would be no risk of a hung parliament, with 56% voting Conservative in our latest straw poll.
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Lenders reprice to tempt borrowers away from interest-only mortgages
19 April 2010
MARTYN SMITH: CLIENTS AVOID THE REAL ISSUE
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Lenders shift focus to retaining clients
19 April 2010
NEIL WARMAN, CHIEF COMMERCIAL AND FINANCE OFFICER, HML
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Lenders that back brokers are finding it a profitable idea
19 April 2010
It’s clear that lenders will soon have to realise that using mortgage brokers as a distribution channel is an effective way of increasing market share. Having more branches is not profitable.
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Lenders that have made life tough for borrowers deserve everything they get
19 April 2010
Star letter
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Let us know what you think of our proposed changes
19 April 2010
It’s worth contributing to our consultations as we do change our position in response to strong arguments
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Little to choose between parties' industry pledges
19 April 2010
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Marketwatch
19 April 2010
Last week saw some encouraging moves including ING trialling the broker channel, a top investor entering our sector and Virgin Money considering using intermediaries - all good stuff
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Media Spotlight: Don’t Be Fooled Again
19 April 2010
By Meyrick Chapman
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Mortgage advisers could be left behind
19 April 2010
BOB HUNT, CHIEF EXECUTIVE, PARADIGM MORTGAGE SERVICES
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Network ship is on an even keel at last
19 April 2010
A quarterly round-up of appointed representative networks
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New lenders won't solve our problems
19 April 2010
ALAN CLEARY, MANAGING DIRECTOR, EXACT
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Not much fun as the party games begin
19 April 2010
Overexcited politicians have come up with plenty of ideas that will affect the housing and mortgage sectors, some of which are old, some bad and some confusing, to put it kindly
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Online searches for mortgages on the up but just 3% are for brokers
19 April 2010
DREW WOTHERSPOON: WE FOCUS ON QUALITY LINKS
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Platform urges all industry players to get involved in debate on advice
19 April 2010
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Price must be right, even in a downturn
19 April 2010
ALISON BEECH, BUSINESS RELATIONSHIP DIRECTOR, VALUNATION
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Principality sees 187% rise in Q1 applications
19 April 2010
Principality has reported a 187% rise in mortgage applications in the first three months of 2010 compared with the same period in 2009.
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Repossessions in sub-prime RMBS lowest since 2005
19 April 2010
Repossessions in UK sub-prime residential mortgage-backed securities declined to 1.48% of the out-standing balance in February 2010, a level last recorded in August 2005, according to Moody’s Investors Service.
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Restructure puts Platform sales jobs in jeopardy
19 April 2010
The sales and proposition team at Platform is facing job cuts as part of a wider business restructure at parent The Co-operative Financial Services.
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Sell protection deals while prices are low
19 April 2010
ED STUART-BROWN, HEAD OF PROTECTION, FRIENDS PROVIDENT
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Societies aren't on the political radar
19 April 2010
THE MUTUAL CRUSADER
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Specialist lenders are just waiting for investors to return
19 April 2010
The issue with specialist lending is not that there are no lenders willing to do it but rather that there are no investors willing to invest in it at the moment.
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Taking the lead with equity release advice
19 April 2010
JON KING, MANAGING DIRECTOR, HODGE LIFETIME
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The consumer conundrum
19 April 2010
Financial services professionals have been heaped with blame for the credit crunch but the issues of consumer responsibility and education can no longer be ignored
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The Mortgage Mole
19 April 2010
DIGGING THE DIRT IN THE MORTGAGE WORLD…
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Use of AVMs may become restricted to surveyors soon
19 April 2010
Automated valuation models will only be used by chartered surveyors rather than lenders in future, according to Richard Sexton, director of business development at e.surv.
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Watchdog bans fourth Haart estate agency ad
19 April 2010
The Advertising Standards Authority has banned a fourth advertisement from SpicerHaart Group’s Haart estate agents for making misleading and contradictory claims.
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Whitehotproperty did £73m of deals in March
19 April 2010
Whitehotproperty.co.uk, a website specialising in selling chain-free properties, exchanged on sales worth more than £73m in March.
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Working together is the route to success
19 April 2010
DAVID FINLAY, INTERMEDIARY BUSINESS DIRECTOR, BARCLAYS
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your shout
19 April 2010
The best of the comments from Mortgage Strategy online.
