Mortgage Strategy
23 May 2011
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EC directive will lead to regulation of bridging sector
23 May 2011
Bridging firms will need to be regulated under the European mortgage directive, it was confirmed last week.
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Kate and Wills blamed for loans fall
23 May 2011
The Easter break and royal wedding have been blamed for a 14% drop in gross mortgage lending in April.
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1.2% Rise seen in March values but no national trend
23 May 2011
House prices rose 1.2% in March, the latest house price index from the Department for Communities and Local Government shows.
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60 seconds with...Dev Malle
23 May 2011
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AMI sees little hope of halting EC advice plans
23 May 2011
Robert Sinclair
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As any good broker knows, 85% LTV for new-build does exist
23 May 2011
The comments by Nigel Stockton, financial services director at Countrywide, on new-build last week were interesting.
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Asking prices reach a three-year high in May
23 May 2011
New property sellers’ average asking price rose to £238,874 in May, close to a three-year high, according to Rightmove.
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B2L finance is not meeting demand
23 May 2011
John Heron - Managing Director, Paragon Mortgages
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Builders are to blame for the lack of lender trust over new-build
23 May 2011
I was interested to read last week that the Council of Mortgage Lenders is in discussions with builders about increasing the maximum LTV on new-build.
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Bullish on buy-to-let
23 May 2011
Despite the prospect of competition from a rash of new entrants in the buy-to-let space, Paul Howard, head of corporate accounts at Nationwide, is confident the mutual will hold on to its market share
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CAN YOU HAVE A POP TO WIN THIS BOTTLE OF MIGHTY FINE CHAMPAGNE?
23 May 2011
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Citri in limbo as AR deal with Openwork collapses
23 May 2011
The future of Citri is in doubt after a deal to transfer its 138 advisers to Openwork has fallen through.
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CML in talks to boost LTVs on new-builds
23 May 2011
Nigel Stockton
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Complaints rise as lenders refuse to port loans
23 May 2011
Ray Boulger
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Connect tie-up helps clients buy in Italy
23 May 2011
Connect Overseas has launched a mortgage range for brokers with clients looking to buy in Italy. Working in association with BNP Paribas International Buyers, Connect is offering variable rates starting from 3.25% and fixed rates from 4.05%.
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Don't over-react to repossessions data
23 May 2011
Michael Coogan - Director General, Council Of Mortgage Lenders
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Economic recovery could be a long haul
23 May 2011
The inability of consumers to reduce debt through higher wage growth or stronger inflation will see them abstain from spending, thus making the recovery a protracted and painful one
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Experts turn a deaf ear to King and push fixes over trackers
23 May 2011
The open letter Bank governor Mervyn King sent to the chancellor George Osborne has confounded the experts predicting a rate rise.
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Financial instability will have made MPC hold interest rates
23 May 2011
I read with interest the story on the minutes of the Monetary Policy Committee meeting in May.I was not surprised to see rates held yet again given the state of the government’s finances and household debt.No doubt given the recent scaremongering of rate increases, many have come out of the reasonable SVR rate and gone onto higher fixed rates.Name and address supplied
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Finding funds for developer clients
23 May 2011
Martin Kearns - Head Of Strategic Policy, Tiuta
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FSA is right to take a firm stance on policing industry
23 May 2011
I had a fresh perspective on the Mortgage Market Review last week when I read George Mudie’s comments criticising the FSA.
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If Miliband listens to Mudie I'll rip up my membership
23 May 2011
I’m a Labour Party member and a first-time buyer, but the comments made by Labour MP George Mudie last week angered me.
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Inflation will drop in 2012 so Bank must delay rate rise, say economists
23 May 2011
The Bank of England should hold its nerve on interest rates following a greater than expected rise in inflation in April, according to economists.The Consumer Prices Index annual rate of inflation hit 4.5% in April, up from 4% in March, figures from the Office for National Statistics showed last week.
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ING Direct signs up to PTFS panel
23 May 2011
ING Direct has increased its intermediary presence further by join-ing Personal Touch Financial Services’ lender panel.
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LAST WEEK'S WINNER
23 May 2011
“The UK announces act it hopes will win the 2012 Eurovision song contest - Annalandrea.”TONY FULLBROOKBARCLAYS
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Leader: Learning to love new-build
23 May 2011
New-build properties came under the spotlight last week with the revelation that house builders are holding talks with the Council of Mortgage Lenders over increasing the LTV on these types of properties.
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London sales offset rest of the country
23 May 2011
Richard Sexton - Director Of Business Development, E.Surv
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Look back for new mortgage business
23 May 2011
Rob Mccoy - Product and communications Manager, PMS
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Marketwatch
23 May 2011
It’s good to see lenders reducing rates and offering high LTVs. Northern Rock’s Freedom to Fix trackers are interesting but clients must be warned that fixes will be more expensive when they decide to switch
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May shortlist reveals TOTL hopefuls
23 May 2011
The shortlist for May’s Top Of The League, in association with Woolwich Mortgages from Barclays, has been unveiled.
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Media Spotlight: Brand Failures
23 May 2011
By Matt Haig
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MPPI sales will be hit as a result of dispute
23 May 2011
Paul Broadhead - Head Of Mortgage Policy, Building Societies Association
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Northern Rock trackers offer chance to switch
23 May 2011
Northern Rock has launched a range of tracker mortgages that allow consumers to switch to a fixed rate with no early repayment charge. Deals include a two-year mortgage with a £995 product fee at 2.58% up to 70% LTV, a 75% LTV deal at 2.98% and a 3.99% deal up to 80% LTV.
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Our economy can't be based on buying and selling houses
23 May 2011
I laughed out loud when reading the comments in Mortgage Strategy Online last week regarding George Mudie’s comments on the FSA. It was like walking into a lunatic asylum.
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Peter Heigho's sourcing system signs Durell as first distributor
23 May 2011
Client Data Systems Group, the sourcing system provider headed by Trigold founder Peter Heigho, has signed its first distributor and is ready to go head to head with rivals.
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PPI claims may trigger staff crisis
23 May 2011
Banks may need to re-deploy key staff from their mortgage departments to handle mis-sold payment protection insurance claims, according to a customer complaints handling expert.
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Precise plans to make debut into short-term sector
23 May 2011
Precise Mortgages has confirmed it will soon be launching into the short-term loans market.
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Promote add-ons to protection policies
23 May 2011
Roger Edwards - Propoition Director, Bright Grey & Scottish Provident
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Q1 jobless figure falls to 2.46 million
23 May 2011
The total number of unemployed individuals fell by 36,000 in Q1 2011 to reach 2.46 million.
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Quality scheme will help small conveyancing firms
23 May 2011
*STAR LETTER
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Rise in viewings does not mean all is well
23 May 2011
Iain Mallon - Director Of Protection Marketing, Friends Provident
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RPS quits rent-back as two senior staff leave
23 May 2011
Residential Property Solutions has left the sale-and-rent-back market following the resignation of two senior members of staff.
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Santander £3.7bn RMBS is the biggest since 2007
23 May 2011
Santander UK breathed life into the securitisation market last week by launching a £3.75bn deal - the largest publicly placed UK residential mortgage-backed securitisation since 2007.
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Silly comments on house prices ignore supply and demand
23 May 2011
Reading through the comment thread on the Mortgage Strategy Online story about George Mudie, I noted that there were some silly comments regarding house prices.
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Surprising that FOS complaints did not see a significant drop
23 May 2011
The drop in mortgage complaints to the Financial Ombudsman last year from 7,469 to 7,067 surprised me.With the increased management focus, intrusive regulatory approach and overenthusiastic compliance officers in the mortgage market, one would expect the fall to be much more dramatic.Michael White
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The Mortgage Mole
23 May 2011
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Three on MPC back rate rise again
23 May 2011
Three members of the Monetary Policy Committee voted for a base rate rise in May, the same number as April, minutes of the meeting reveal.
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Two appointments at large loans broker
23 May 2011
Largemortgageloans. com has made two appointments - head of sales Mike Perrin and head of sales and marketing Kirsti Fenn. Perrin was previously a director at Savills Private Finance, while Fenn joins from Charles Cameron & Associates, where she was head of marketing.
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Two more employees quit Tiuta
23 May 2011
Steven Nicholas
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Week in NUMBERS
23 May 2011
4,000 - The number of complaints received by the Financial Ombudsman Service everyday in 2010/11.
