Mortgage Strategy
24 May 2010
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126 Jobs and four branches to be lost at Newcastle
24 May 2010
Newcastle Building Society, the UK’s eighth largest building society, is making 126 redundancies and closing four branches to cut costs and streamline the business.
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60 seconds with...Natalie Ceeney
24 May 2010
Chief executive, Financial Ombudsman Service
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A chance to figure out a new way of working together
24 May 2010
Mortgage Strategy’s Summit will allow lenders and brokers to discuss key issues and better define their relationship
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AHIPP rules out legal challenge over packs
24 May 2010
The Association of Home Information Pack Providers says it is unlikely to mount a legal challenge following the government’s decision to scrap the packs last week.
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Aldermore offers loans via select panel of brokers
24 May 2010
Aldermore, an intermediary residential and buy-to-let mortgage lender, launches today.
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All well in mortgageland, at least on rates
24 May 2010
Paul Muolo
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Appointments to strengthen top team at Portillion
24 May 2010
Portillion, formerly known as Checkmate Mortgages, has ann-ounced three appointments to its senior team.
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ASA upholds complaint against Unfair Credit Direct ad
24 May 2010
The Advertising Standards Authority has upheld a complaint against a firm called Unfair Credit Direct which claimed that credit agree-ments may be unenforceable with an advertisement headlined ’Mis-sold Mortgages.’
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Brokers can lighten clients' debt burden
24 May 2010
BRIAN FERGUSON, DIRECTOR, INVOCAS FINANCIAL
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Brokers rule and lenders will soon be crawling back
24 May 2010
The news that two-thirds of all mortgages now come via brokers will hopefully stop some of the negative comments that have been going round and also stop a lot of brokers from throwing in the towel.
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Brokers take a larger slice of the lending cake with help from FTBs
24 May 2010
Mortgage brokers increased their market share by 2% in Q1 2010, advising on 62% of total mortgage lending, figures from the Financial Services Authority and the Council of Mortgage Lenders reveal.
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Building brands on strong foundations
24 May 2010
JON KING, MANAGING DIRECTOR, HODGE LIFETIME
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Buoyant MoneyQuest seeks talent
24 May 2010
MoneyQuest is on a recruitment drive after seeing business levels rise by more than 30% since February.
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Buy-to-let is blazing the trail of recovery
24 May 2010
GUY GARRARD, HEAD OF BUSINESS DEVELOPMENT, TIUTA
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C&G unveils two-year tracker from 0.49%
24 May 2010
Cheltenham & Gloucester has launched a two-year tracker at 0.01% below the Bank of England base rate, available at 85% and 90% LTV. This rate only lasts until December 31 2010, at which point it jumps to base rate plus 5.49% until July 31 2012.
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CAN YOU HAVE A POP TO WIN THIS BOTTLE OF MIGHTY FINE CHAMPAGNE?
24 May 2010
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Contributors should have the courage of their convictions
24 May 2010
I’d like to enquire why so many contributors send letters to Mortgage Strategy and put ’name and address supplied’?
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Cut out tenant risk early in the process
24 May 2010
TIM JORDAN, HEAD OF RESIDENTIAL PROPERTY, FORSHAWS DAVIES RIDGWAY
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Dump HIPs but the buying process still needs modernising
24 May 2010
The home buying process in this country needs modernising. HIPs were an attempt to do this, and would have been a success, if a survey had been included.Buying property is the largest single purchase anyone makes in their life yet many go into it with their eyes closed. Potential buyers would benefit from user-friendly surveys and we should move towards a system such as that used in Scotland.
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Focus should be on money markets, not on sub-prime
24 May 2010
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Get stripping to aid the homeless
24 May 2010
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HomeLoan signs advice deal with MD Pensions
24 May 2010
Worthing-based mortgage and general insurance network HomeLoan Partnership, has signed up pension specialist MD Pensions to provide advice to clients of its 190 AR firms.
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Interest rate rise feared as inflation touches 3.7% mark
24 May 2010
A rise in annual inflation to 3.7% has sparked fears that an interest rate rise could be on the cards sooner rather than later.
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IT can help brokers combat complaints
24 May 2010
SOPHIE HALL, DIRECTOR OF DISTRIBUTION, INTELLIFLO
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LAST WEEK’S WINNER
24 May 2010
“Chris didn’t see the funny side - he’d already paid for his HIP.”KEVIN THORNTON, MT FINANCIAL SERVICES
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Leader: Less rhetoric, more action
24 May 2010
The coalition government’s blueprint last week, like the Liberal Democrat and Conservative election manifestos, made pretty uninspiring reading for the mortgage market.
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Lenders pay a high price for ignoring the broker channel
24 May 2010
It was good to see the story last week that brokers now account for almost two-thirds of all mortgages (Mortgage Strategy Online).
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Lenders' refusal to deal with brokers makes TCF difficult
24 May 2010
I have got on with being the best adviser I can be to my loyal clients and the referrals they provide during the credit crunch. I’m still in business, providing a good service.
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Lending drop spurs call for government action
24 May 2010
Mortgage lending last month fell to its lowest April level for 10 years, figures from the Council of Mortgage Lenders reveal.
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March saw 45% lift in purchase loans
24 May 2010
House purchase loans rose by 45% year-on-year in March, marking the ninth month in a row of annual growth.
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Marketwatch
24 May 2010
Nationwide will no longer lend on high-rise council flats, which is disappointing, but even worse is C&G’s terrible first-time buyer deal - the only good news is that it’s direct so brokers can’t be blamed
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Media Spotlight: The Alchemy of Voice
24 May 2010
By Stewart Pearce
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Moore Blatch slammed for its capital gains advice
24 May 2010
DAVID CHARLESWORTH: ADVISES AGAINST HASTY DECISIONS
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Mortgage Brain tie-up to boost overseas facility
24 May 2010
Mortgage Brain has partnered with Viva Costa International to boost its sourcing facilities for overseas mortgages.
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MPC votes to maintain base rate at current level
24 May 2010
The Bank of England’s Monetary Policy Committee voted unanimously to keep the base rate on hold and maintain quantitative easing at £200bn, the latest minutes from the MPC’s meeting show.
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MPPI is providing shelter in the storm
24 May 2010
ANDY LEES, KEY ACCOUNT MANAGER, UINSURE
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Nationwide will close four of its processing hubs
24 May 2010
Nationwide Building Society has confirmed plans to move from six processing centres to two, resulting in the closure of centres in Birmingham, Chester, Doncaster, and Newcastle.
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Never mind high LTVs, B2L is still a long-term game
24 May 2010
Easier criteria won’t help landlords unless they think about the cost of their investment over several years
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New politics brings fresh opportunities
24 May 2010
MARK CLINTON, DIRECTOR, MD PENSION SOLUTIONS
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Paragon poised to return as B2L prospects pick up
24 May 2010
JOHN HERON: DISCUSSING FINANCING
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Precise intent
24 May 2010
Alan Cleary’s new lender Precise Mortgages aims to boost the mortgage market with an injection of fresh money, starting off with the buy-to-let sector
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Precise Mortgages opens for B2L business today
24 May 2010
FROM LEFT: JOHN NIXON, SEBASTIAN MALONEY, ALAN CLEARY, IAN LONERGAN
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Problems in claims industry are down to lack of regulation
24 May 2010
I was interested to read the article in which Blu Debt Management argued that claims firms had left clients and brokers worse off.
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Publicity before security for our political leaders
24 May 2010
In their desire to be seen as regular guys politicians are all too keen to give us a glimpse of their home lives
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Pushing housing up the political agenda
24 May 2010
RICHARD SEXTON, DIRECTOR OF BUSINESS DEVELOPMENT, E.SURV
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Ready for agony on long, winding road
24 May 2010
BEN THOMPSON, DIRECTOR OF MORTGAGE, LEGAL & GENERAL
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Regulator plans to get tough with small businesses
24 May 2010
The Financial Services Authority is to step up its supervision of small businesses with more intensive action taken against individual firms.
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Regulator should get tough on lenders that have huge SVRs
24 May 2010
I was interested to read last week that the Financial Ombudsman Service saw a 2% increase in mortgage-related complaints for the year to March, while complaints relating to lenders’ SVRs increased.
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Service better but Kensington and GMAC-RFC arrears rates still high
24 May 2010
Kensington and GMAC-RFC are improving their arrears servicing although their 90-day arrears rates are still above average compared with other sub-prime lenders, says Moody’s.
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Sing the praises of interest-only deals
24 May 2010
ROBERT WINFIELD, MANAGING DIRECTOR, CHARTWELL FUNDING
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Stamp Duty and free advice in focus
24 May 2010
Stamp Duty thresholds and free financial advice have been thrown into the limelight once again with the new government’s final coali-tion agreement.
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Stop whining or get out and leave it to the professionals
24 May 2010
Those brokers who are moaning about the news that Skipton Building Society is now offering 95% LTV deals direct display little understanding of the industry or knowledge of criteria, yet they call themselves professionals.
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The mortgage mole
24 May 2010
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Things can only get better after the final whistle
24 May 2010
Broker business could rise in the second half of this year, following the traditional bout of World Cup fever
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Tory plan to scrap HIPs will throw many out of work
24 May 2010
Regarding the Conservative Party’s plan to scrap Home Information Packs, talk about backing the wrong horse.The previous government brought in the HIP legislation and hundreds if not thousands of people went into business to provide this service to buyers and sellers.By scrapping the packs the new government will be making most of those people unemployed, through no fault of their own.So much for supporting small businesses and increasing employment.
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Total mortgage complaints to FOS fall as SVR-related grievances rise
24 May 2010
Complaints to the Financial Om-budsman Service about mortgages dropped 2% in the 12 months to March 2010, down from 7,607 in the previous year to 7,469.
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Unleash the power of your homepage
24 May 2010
JEFF KNIGHT, MANAGING DIRECTOR, TONIC MARKETING SOLUTIONS
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Wider implications of home ownership
24 May 2010
DIRECTOR OF PROTECTION MARKETING, AXA
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Xit2 picks Tim Jones as its new head of sales
24 May 2010
Tim Jones has been appointed head of sales at xit2, moving over from parent company MDA.
