Mortgage Strategy
19 July 2010
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Don't just focus on problems in MMR
19 July 2010
ALAN CLEARY, MANAGING DIRECTOR, PRECISE MORTGAGES
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28% of borrowers are now on lenders' SVRs
19 July 2010
The number of borrowers on lenders’ SVRs is now 2.3 million, representing 28% of the total mortgage market, according to Yorkshire Building Society.
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60 seconds with...Steve Olejink
19 July 2010
Head of sales, Mortgages for business
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Aldermore unveils range of products at 80% LTV
19 July 2010
Aldermore has launched a limited edition range of residential products at 80% LTV and increased its maximum loan size to £500,000.
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AMI must remain on a steady course
19 July 2010
GUY GARRARD, HEAD OF BUSINESS DEVELOPMENT, TIUTA
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Blitz on spending may tip UK into a second downturn
19 July 2010
Cuts in public spending mean the UK has a one in three chance of toppling back into recession, says Legal & General.
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Brokers can build on purchase work
19 July 2010
CHARLES MORLEY, HEAD OF SALES AND PRODUCT DEVELOPMENT, KENSINGTON
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Brokersmust come to terms with the new environment
19 July 2010
Our industry is changing and as practitioners we must change our business models along with what we offer clients.
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CAB searches for debt plan partner
19 July 2010
Citizens Advice Bureau has launched a tender for a debt management plan supplier.
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CAN YOU HAVE A POP TO WIN THIS BOTTLE OF MIGHTY FINE CHAMPAGNE?
19 July 2010
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CGT change can be a boost for brokers
19 July 2010
SIMON BADLEY, DIRECTOR OF INTERMEDIARY, AVIVA
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Committee to examine ways to make entry process easier for new lenders
19 July 2010
Andrew Tyrie, the new chairman of the Treasury Select Committee, says he wants to remove barriers to entry for lenders.
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Consumers suffer when lenders shun the broker channel
19 July 2010
The industry needs some statistics on how shares have fallen in lenders that operate a direct-only policy or dual price.
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Direct action gives lenders upper hand
19 July 2010
AARON STRUTT, COMMUNICATIONS MANAGER, TRINITY FINANCIAL GROUP
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Focus on sub-prime risk is out of date and wrong-headed
19 July 2010
I was interested to read last week that the regulator is calling for stricter affordability tests and a disposable income buffer for borrowers with impaired credit.
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FSA fines a third mortgage firm for failures in arrears handling
19 July 2010
The Financial Services Authority has fined a third client of mortgage servicer HML for poor treatment of customers in mortgage arrears.
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FSA wants to run the market rather than be a regulator
19 July 2010
It seems to me that the FSA is going well beyond it’s remit as a regulator in its latest paper on the Mortgage Market Review.
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Gloomy at first, but a sunnier outlook
19 July 2010
The implications of the ’age of austerity’ Budget for the housing sector are difficult to predict but the medium-term outlook is for gradual improvement and a return to remortgaging
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Housing minister hasn't had any official meetings with Cameron
19 July 2010
GRANT SHAPPS: NO OFFICIAL CONTACT WITH PM
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Inflation could be a useful political tool
19 July 2010
GEMMA HARLE, MANAGING DIRECTOR, TENETLIME
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Inflation fell slightly to hit 3.2% last month
19 July 2010
Inflation fell back marginally to 3.2% in June, from 3.4% in May. The figure is still above the Bank of England’s 2% target as well as the 2% average for the European Union.
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Interest payments are the lowest for 35 years
19 July 2010
Borrowers moving home in May saw their mortgage interest payments account for the lowest proportion of their income for 35 years, according to the Council of Mortgage Lenders.
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JC Flowers pays £50m for a stake in Kent Reliance
19 July 2010
US private equity firm JC Flowers is to invest £50m in Kent Reliance Building Society for a 49% stake in the mutual.
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Jobless total fell 0.1% in the spring
19 July 2010
Unemployment fell by 34,000 in the three months to May 2010, but the number of those without a job for more than 12 months is at its highest since 1997.
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Kensington reveals plan to launch securitisation deal of up to £250m
19 July 2010
Signs of a recovery in the securitisation market were evident last week as Kensington revealed its intention to launch a security later this year.The lender plans to issue between £175m and £250m of assets, made up of buy-to-let and prime deals.
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LAST WEEK’S WINNER
19 July 2010
“In the world of mortgages, nothing is certain except for death and taxis.”ROB PENDRAGON
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Leader: Join fight to save our sector
19 July 2010
The Financial Services Authority’s responsible lending consultation document published last week was dubbed the ’lender paper’ prior to its release as it was believed to be aimed more at lenders than brokers. It was anything but.
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Lenders that are feeling the pinch may have to merge, says Moody's
19 July 2010
Vulnerable lenders such as New-castle Building Society and West Bromwich Building Society may be forced to merge due to market pressure, says Moody’s.
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Let lenders get on with driving the economy forward
19 July 2010
I’d like to know how many FSA employees hold or have ever held a self-cert or fast-track mortgage.
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Let’s support home owners, not income
19 July 2010
KEVIN PATERSON, SALES AND MARKETING DIRECTOR, ASSURANT INTERMEDIARY
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Let's work together to stamp out fraud
19 July 2010
ANDY COLES, HEAD OF BUSINESS DEVELOPMENT, QUEST
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Make a stand: Sign our petition to save brokers
19 July 2010
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Make connections on the human web
19 July 2010
JEFF KNIGHT, DIRECTOR, TONIC MARKETING
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Marketwatch
19 July 2010
The regulator’s latest publication includes some pretty controversial proposals so let it know how you think these will affect the industry - it is a discussion paper, after all
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Media spotlight: The Economic Naturalist
19 July 2010
By Robert H Frank
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MMR could add £18 to cost of every mortgage
19 July 2010
The Financial Services Authority’s plan to make lenders responsible for affordability could add £18 to the price of every mortgage.
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OFT clamps down on debt company's ads
19 July 2010
The Office of Fair Trading has imposed certain requirements on debt management firm Carefree Group in respect of its advertising of debt management services.
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Ominous silence where vigorous debate should be
19 July 2010
Politicians have refrained from commenting on the serious implications of the FSA’s lending crackdown
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Prepare valuation queries with care
19 July 2010
RICHARD SEXTON, DIRECTOR OF BUSINESS DEVELOPMENT, E.SURV
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Proposals herald more job losses in the broker sector
19 July 2010
First, it’s clear that the horse has already bolted. Second, what are the millions of borrowers with fast-track and self-cert mortgages supposed to do now if they still can’t prove their income, as is likely? Are they being treated fairly?
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Reasons to be worried about recovery
19 July 2010
The prospect of a sharp rise in unemployment and higher interest rates are among the factors that could undermine increasingly rosypredictions for the housing and mortgage markets
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Rising confidence in rent-back firms
19 July 2010
DANIEL LOWERSON, PARTNER, DFB HOUSING SOLUTIONS
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Safe&Secure adds 10 to cover panel
19 July 2010
Safe&Secure Insurance Services launches a revamped panel of 12 buildings and contents insurance providers today.
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Self-cert and fast-track were abused for too long
19 July 2010
STAR LETTER
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Spain's sport and economic lessons
19 July 2010
CHRISTOPHER TAYLOR, CHIEF EXECUTIVE OFFICER, LONDON & EUROPEAN
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Stop the FSA before it kills off any hope of market recovery
19 July 2010
The FSA has ruled that mortgage affordability must be assessed by lenders on a capital repayment basis, even where the mortgage is interest-only.
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The grip tightens
19 July 2010
The FSA’s responsible lending proposals will transform the mortgage industry, with brokers fearing it could be the beginning of the end for the advice sector
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The high-tech road to happier holidays
19 July 2010
SOPHIE HAL, DIRECTOR OF DISTRIBUTION, INTELLIFLO
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The Mortgage Mole
19 July 2010
DIGGING THE DIRT IN THE MORTGAGE WORLD…
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Time to confront the insider fraud issue
19 July 2010
With mortgage fraud estimated at £1bn in 2009, it’s time lenders opened up about the scale of insider fraud or they are playing a damaging game of Russian roulette with their reputations
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Wannabe lenders must be given a chance to shine
19 July 2010
New entrants can shake up the lending market with innovative ideas if they get a fair crack of the whip
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Youngsters should not be discouraged from buying homes
19 July 2010
The benefits of buying rather than renting a home are that costs are stabilised in the long term and outgoings are significantly reduced in later life, when income is often smaller.
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Your Shout
19 July 2010
The best of the comments from Mortgage Strategy Online
