Mortgage Strategy
24 January 2011
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Firms want individual registration to be brought in earlier, says PMS
24 January 2011
John Malone, executive chairman of PMS, says firms could start lobbying the regulator to implement the individual registration of brokers before 2013.
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FSA's non-advised sales proposals will add to borrowers' confusion
24 January 2011
DAVID COPLAND, BORDERS WILL BE BLURRED
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17 Brokers and 10 brokerages are in FSA cross hairs
24 January 2011
The Financial Services Authority is investigating 10 mortgage brokerages and another 17 mortgage brokers for fraud.
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49,000 Increase in unemployment at end of November
24 January 2011
Unemployment rose 49,000 to reach 2.5 million - 7.9% of the workforce - in the three months to November 30 2010, data from the Office for National Statistics shows.
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60 seconds with...KEVIN DUFFY
24 January 2011
KEVIN DUFFY, MANAGING DIRECTOR, MORTGAGEFORCE
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A second wind for remortgage sector
24 January 2011
Rising LIBOR is likely to send fixed rates higher, which may spark a jump in remortgage business, but brokers must realise quantity is no longer king and quality is the key to a business revival
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Alt FS aims to hire 40 brokers this year
24 January 2011
IFA firm Alt FS intends to expand its mortgage business by hiring a minimum of 40 brokers by the end of the year.
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Bank must hold its nerve and not risk country's recovery
24 January 2011
Perhaps what needs to be discussed is how relevant the 2% inflation target is and whether it needs to be changed
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Bargain basement demands do our clients no favours
24 January 2011
Low interest rates have led to home owners becoming unrealistic about the mortgage products they can get
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Bold move to help FTBs not enough to ease situation
24 January 2011
The mortgage market needs to be fundamentally fixed to get anywhere close to resolving the first-timer buyer crisis
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Brokers must face consequences of the country's debts
24 January 2011
Brokers who have been criticising the MMR are forgetting the most important problem - the huge amount of consumer distress caused by the market.
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Brokers want access to overseas criteria
24 January 2011
LIZ SYMS MANAGING DIRECTOR CONNECT OVERSEAS
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BSA puts a spotlight on compulsory cover
24 January 2011
JAMES WATSON SALES AND MARKETING DIRECTOR PAYMENTSHIELD
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Buy-to-let will be in spotlight this year
24 January 2011
JOHN PHILLIPS, FINANCIAL SERVICES DIRECTOR, KINLEIGH FOLKARD & HAYWARD
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CAN YOU HAVE A POP TO WIN THIS BOTTLE OF MIGHTY FINE CHAMPAGNE?
24 January 2011
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CML requests meeting with Cameron to debate MMR
24 January 2011
The Council of Mortgage Lenders has asked Prime Minister David Cameron for a meeting to discuss the Mortgage Market Review.
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Demand for fixes likely to rocket in anticipation of base rate rise
24 January 2011
Demand for fixed rates looks set to soar as pressure grows for the Monetary Policy Committee to hike interest rates.
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Dropping prices no bar to equity plans
24 January 2011
DEAN MIRFIN GROUP DIRECTOR KEY RETIREMENT SOLUTIONS
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Europe is winning in battle to reshape the housing market
24 January 2011
The MMR was debated in the House of Commons last week, with MPs putting forward their arguments against the proposals to Mark Hoban, financial secretary to the Treasury.
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Flaw in algorithm means inflation data may not add up
24 January 2011
Inflation last week hit 3.7% but these figures tend to be understated in periods when the prices of essentials are rising faster than non-essentials. In practice, when the price of bread goes up, the new sofa is left unbought.
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Forget borrowers, help rescue UK's forgotten victims
24 January 2011
Its decision to hold the base rate again this month has lost the Bank of England all credibility.
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Fresh opportunities in buy-to-let arena
24 January 2011
MATTHEW ARENA MANAGING DIRECTOR BRILLIANT LOANS
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Gross lending in December dips to around £11bn
24 January 2011
Gross mortgage lending fell in December to an estimated £11bn, latest figures from the Council of Mortgage Lenders show.
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Help clients hang on to protection policies
24 January 2011
GRAHAM HARVEY MANAGING DIRECTOR INDIVIDUAL FRIENDS PROVIDENT
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ING Direct grows distribution by joining Openwork
24 January 2011
ING Direct has expanded its reach into the intermediary market by joining Openwork’s lender panel.
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IT can identify who to assist and when
24 January 2011
SOPHIE HALL DISTRIBUTION DIRECTOR INTELLIFLO
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It's unbelievable that Commons debate on MMR was so short
24 January 2011
Like many others I have written to my MPs in both my home and work constituencies expressing my concerns about the MMR.
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Jupp secures backing of Tiuta, MAB and Coreco
24 January 2011
Tiuta, Mortgage Advice Bureau and Coreco are backing a specialist distributor headed by Rob Jupp.
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LAST WEEK'S WINNER
24 January 2011
“Lads, this is far enough - another two feet and our assets will be frozen.”Rachael Kay
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Leader: EC gains leadership ground
24 January 2011
The news last week that the European Commission had scrapped plans for a 10-day cooling off period was good news for the market. During the past couple of weeks we’ve heard both the Financial Services Authority and financial secretary to the Treasury Mark Hoban talk about the conversations they have had with the EC about regulation of the mortgage market.
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Lenders may be forced to explain client rejections
24 January 2011
ANNIK LAMBERT, BORROWERS COULD SUE
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Lenders will lead moves to ditch interest-only products, says AMI
24 January 2011
Lenders will spearhead a reduction in interest-only mortgages, not the Financial Services Authority, says Robert Sinclair, director of the Association of Mortgage Intermediaries.
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Lib Dem MEP outshines chancellor
24 January 2011
Liberal Democrat MEP Sharon Bowles has been judged as having more clout than chancellor George Osborne during the past 12 months, says a poll of the 50 most influential people in financial regulation.
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Marketwatch
24 January 2011
The fall in swaps eased the pressure on lenders to reprice their fixes and the EU has backed down on plans to impose a 10-day cooling-off period for mortgage contracts, which would not have been practical
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Media Spotlight: Britain's Banks: Too Big To Save
24 January 2011
BBC2, presented by Robert Peston
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MMR is needed to protect customers and control risk
24 January 2011
I was interested to read some of the responses to the story on Mortgage Strategy Online last week to the FSA’s speech at the Mortgage Masters event.
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MMR is vital to protect consumers, says Hoban
24 January 2011
Mark Hoban, financial secretary to the Treasury, defended the Mort-gage Market Review in a debate in the House of Commons last week.
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MMR may push mortgage rates up by 0.5%, warns Stockton
24 January 2011
The Mortgage Market Review could add 0.5% to mortgage rates, says Nigel Stockton, financial services director at Countrywide.
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MPC faces a challenging balancing act
24 January 2011
Bump up interest rates too soon and risk causing a double dip recession or opt to wait and face the prospect of soaring inflation - the Monetary Policy Committee has an unenviable task ahead of it.
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MPC playing a risky game with base rate
24 January 2011
JULIEN HOLMES CHIEF OPERATIONS OFFICER CROWN MORTGAGE MANAGEMENT
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Newcastle tops list of lenders with multiple fees at 29
24 January 2011
Research from Which?Money has revealed lenders with the highest number of mortgage fees.
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Obeying EU rules just puts workers at a disadvantage
24 January 2011
The FSA’s comments made at the Mortgage Masters conference would be laughable if they were not so serious.
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Only large lenders will survive the onslaught of MMR
24 January 2011
Lynda Blackwell’s speech at the Mortgage Masters was interesting but I’m not sure she understands the full implications of what she is saying.
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Platform to allow up to 10 properties for B2L
24 January 2011
Platform is to widen its buy-to-let underwriting criteria at the end of this week, Mortgage Strategy understands.
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Prospects are bright for professional buy-to-let investors
24 January 2011
KEVIN PATERSON SALES AND MARKETING DIRECTOR ASSURANT INTERMEDIARY
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Reading the market's future
24 January 2011
House prices, interest rates and mortgage funding are all predicted to be the hot topics of 2011, with no-one certain which way the market will go
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RMBS stable but outlook still grim
24 January 2011
The performance of UK prime resi-dential mortgage-backed securities remained stable in November 2010, latest data from Moody’s shows.
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Sales rise reverses three-year slump
24 January 2011
Sales of equity release plans climbed 3.36% in 2010, the first rise since 2007.
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Sesame and PMS win 27% share of broker market
24 January 2011
JOHN CUPIS, IN FOR THE LONG HAUL
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Spectre of rising arrears to haunt the rental sector
24 January 2011
With landlords now more dependant on rental income, tenant arrears is one issue they just cannot ignore
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State action needed on equity release
24 January 2011
JON KING MANAGING DIRECTOR MORE2LIFE
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The Mortgage Mole
24 January 2011
Digging the dirt in the mortgage world…
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Time running out for those jumping ship
24 January 2011
DAVID HESKETH GROUP M&A MANAGER PERSPECTIVE FINANCIAL GROUP
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Time to dump ratio limits on products
24 January 2011
ROBERT WINFIELD OPERATIONS DIRECTOR CHARTWELL HEALTHCARE
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Variable rates are no longer low risk
24 January 2011
CHRIS TAYLOR CHIEF EXECUTIVE OFFICER MARKETGUARD
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We must move towards a self-regulating industry
24 January 2011
STAR LETTER
