Mortgage Strategy
2 May 2011
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38 Staff lose jobs as funding issues close brokerage
2 May 2011
The Good Mortgage Company has gone into administration after its main shareholder, Octopus, pulled its funding last month.
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60 Seconds with...James Bawa
2 May 2011
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At your service
2 May 2011
Abbey for Intermediaries has gone from being a no-go lender to the top of the service charts, thanks to the efforts of its heads of sales Brad Fordham and Jeremy Duncombe
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CAN YOU HAVE A POP TO WIN THIS BOTTLE OF MIGHTY FINE CHAMPAGNE?
2 May 2011
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Dates for your DIARY...
2 May 2011
MAY 4-5Building Societies Association conference The BSA holds its annual two-day conference at the International Convention Centre in Birmingham.
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Encouraging signs are aplenty in market
2 May 2011
Nigel Stockton, financial services director at Countrywide, casts a critical eye over the industry
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Ensure IT is all you hoped it would be
2 May 2011
SOPHIE HALL, DISTRIBUTION DIRECTOR, INTELLIFLO
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Equity release has a caring part to play
2 May 2011
JON KING, MANAGING DIRECTOR, MORE2LIFE
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EU proposal contravenes money laundering rules
2 May 2011
New European mortgage rules that require lenders to provide reasons why borrowers are rejected clashes with money laundering regulations, the Building Societies Association claims.
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Exploit opportunity to sell landlord cover
2 May 2011
JAMES WATSON, SALES DIRECTOR, PAYMENTSHIELD
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FirstBuy is step in the right direction
2 May 2011
GRAHAM FELSTEAD, HEAD OF INTERMEDIARY CHANNEL, NATWEST INTERMEDIARY SOLUTIONS
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FSA victory heralds end of unfair PPI practices
2 May 2011
The failure of banks to force a judicial review of the Financial Services Authority’s payment protection insurance rule changes last month is widely viewed as a victory for consumer protection.
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gDP increase fails to bring cheer
2 May 2011
The economy remained flat during the past six months despite a 0.5% rise in Q1 gross domestic product.
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Huge commissions turned PPI into cash cow for banks
2 May 2011
With regard to the failure of the BBA’s appeal against the rules on handling PPI complaints, the banks that sold these policies had a massive incentive to sell them.
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Landlords are still being held back by lack of funding
2 May 2011
A lack of mortgage finance is con-tinuing to restrict the buy-to-let sector’s ability to expand, says Paragon Mortgages.
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Landlords breathing new life into market
2 May 2011
JOHN HERON, MANAGING DIRECTOR, PARAGON MORTGAGES
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LAST WEEK'S WINNER
2 May 2011
“Bob’s obviously been counting his chickens with two lovely hens.”DAVID SHORTT
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Leader: Bad news keeps on coming
2 May 2011
No doubt when the gross lending figures are tallied for April they will show a dip. As Nigel Stockton, finance services director at Countrywide, points out in his column, from a work perspective last month ended on April 21.
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Lending slide blamed on remortgage slump
2 May 2011
The slump in gross lending in March has been blamed on a 7% fall in remortgage approvals.
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Let’s close the stable door
2 May 2011
STAR LETTER
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Lloyds deal to boost property assets
2 May 2011
Lloyds Banking Group is planning to sign a deal with Grainger, the UK’s largest listed residential landlord, that will help it restore the value of a non-performing mortgage portfolio largely inherited from HBOS.
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Majority of economists tip August for the first increase in base rate
2 May 2011
A poll of top economists last week revealed that the majority believe the earliest the base rate will rise is August.
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Marketwatch
2 May 2011
It wasn’t a quiet week as I had predicted lenders seem bent on bringing out new deals despite the distractions of Easter and the royal wedding. And I don’t think golf-themed adverts are in keeping with today’s market
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Media Spotlight - A guide to non-cash reward
2 May 2011
by Michael Rose
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Mixed response to NatWest system
2 May 2011
NatWest Intermediary Solutions’ move forcing brokers to use its online instant messaging system for pre-sale enquiries has met with a mixed response.
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Number of small landlords up in Q1
2 May 2011
Countrywide says small buy-to-let landlords with up to three properties accounted for 40% of all landlords in Q1 2011, up from 35% in Q4 2010.
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OFM Group calls in the liquidator
2 May 2011
OFM Group has shut up shop and appointed Begbies Traynor as liquidator.
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Police urges industry to fund anti-fraud division
2 May 2011
The police and mortgage lenders are in discussions about setting up an industry-funded police unit to investigate mortgage fraud.
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PPI ruling against BBA has created a perilous precedent
2 May 2011
Retrospective compliance audits of the sort required by the FSA when handling payment protection insurance complaints are wrong and the failure of the British Bankers’ Association’s judicial review against the measures has set a dangerous precedent.
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Products just keep on growing, except for FTBs of course
2 May 2011
Mortgage choice is much improved from a year ago, but unfortunately it’s mostly at the low LTV end of market
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Regulation may lead to an investor exodus
2 May 2011
MARK ABRAHAMS, CO-FOUNDER, WEST ONE LOANS
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Service data marks a shift in thinking
2 May 2011
GEMMA HARLE, MANAGING DIRECTOR, TENETLIME
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Some lenders are offering clients a lifeline
2 May 2011
The mortgage market is showing signs of moving out of intensive care, thanks to some flexible lenders that are focussed on catering for borrowers who are unable to access prime high street deals
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Tell us what you think and win a case of fine wine
2 May 2011
Mortgage Strategy has launched a near-prime poll to find out brokers’ views on the sector.
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The Mortgage Mole
2 May 2011
DIGGING THE DIRT IN THE MORTGAGE WORLD…
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This month's decision: hold
2 May 2011
Mortgage Strategy’s shadow Monetary Policy Committee opts to keep the base rate unaltered on the grounds of weak consumer demand and the unexpected drop in CPI in March
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Time for a review of agent practices across the board
2 May 2011
SIMON WHITE, DIRECTOR, LONDON’S SURVEYORS
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Tough Q1 for Santander as buyer demand falters
2 May 2011
Santander UK has blamed a lack of demand for the 26% fall in its gross mortgage lending in Q1 2011.
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Will Tesco mortgages be a threat to brokers?
2 May 2011
Following the news that Tesco Bank is on track to launch its mortgage proposition this year, we asked industry figures what they think the move will mean for competition and whether it will be a threat to brokers.
