Mortgage Strategy
24 October 2011
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£5M bridging loan via Brightstar and Omni completes
24 October 2011
Brightstar Financial and Omni Capital have completed one of the largest ever second charge bridging loans, valued at £5m.
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60 seconds with...
24 October 2011
Paul Howard, Head of corporate accounts, Nationwide
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Advisers seek path to instant gratification
24 October 2011
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AMI promises to take up fake PPI claims with FOS
24 October 2011
The Association of Mortgage Intermediaries is asking brokers to send it fictitious payment protection insurance claims they receive from claims firms so it can give them to the Financial Ombudsman Service.
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Bath shows the way in low-risk innovative deals
24 October 2011
Offering innovative products does not necessarily mean going up the risk curve, says the chief executive of Bath Building Society.
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Brokers claim Lloyds is exploiting trapped borrowers with SVR hike
24 October 2011
Lloyds Banking Group has been accused of taking advantage of self-cert borrowers’ inability to remortgage by raising the SVRs for customers of its Bank of Scotland and The Mortgage Business subsidiaries.
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Brokers dismiss HSBC claim that best mortgages are offered direct
24 October 2011
The intermediary sector has hit back at claims from HSBC that 81% of the best mortgage deals are only available direct.
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Brokers' post-RDR advice worries FSA
24 October 2011
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Caption Competition
24 October 2011
Housing minister Grant Shapps mid-air during a recent bungee jump
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Caption Competition: Last Week's Winner
24 October 2011
BEN DABBS, ECCLESIASTICAL INSURANCE GROUP
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Don't waste time on super-prime, says boss of BSA
24 October 2011
Mutuals need to look to niches as they cannot compete in the super-prime market, says the chairman of the Building Societies Association.
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Economic tracker - October 2011
24 October 2011
I have been cautiously optimistic about the mortgage market for some time and recent figures from the Council of Mortgage Lenders support my view.
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Flat or fall forecast for 2012 brings little cheer
24 October 2011
Gross mortgage lending will remain flat next year and could even decline, industry experts are predicting.
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FSA and banks are too tough on first-time buyers, says Labour MP
24 October 2011
Labour MP George Mudie has weighed into the argument over mortgage regulation once again, calling on the Financial Services Authority and lenders to do more to help first-time buyers.
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Gross mortgage lending dipped 2% in September
24 October 2011
Gross mortgage lending totalled an estimated £12.9bn in September, down 2% from £13.1bn in August but 4% higher than September 2010, says the Council of Mortgage Lenders.
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Help clients achieve their mortgage goals
24 October 2011
With autumn in the air it’s encouraging to see the remortgage market continuing on its steady but positive path.
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Housing revolution needs lender input
24 October 2011
We were blessed with some glorious final days of summer recently. There is always an air of optimism in the late summer and early autumn months with the knowledge that the dark winter days are around the corner.
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Industry must do more to inform consumers about MMR
24 October 2011
The mortgage industry has failed to engage with consumers on the Mortgage Market Review, according to Nationwide’s head of mortgage strategy and policy.
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Industry reacts with hostility to Shapps' call for long-term fixes
24 October 2011
Housing minister Grant Shapps faced a backlash from the industry last week after urging lenders to offer 30-year fixed rate mortgages.
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Leader: Consumers want a quick fix
24 October 2011
It was hardly surprising that Grant Shapps’ suggestion of a 30-year fixed mortgage was met with derision by the majority of brokers commenting on Mortgage Strategy Online last week.
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Lender and builder deals lack innovation
24 October 2011
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Lenders warned over third party payments
24 October 2011
Lenders have been urged to be more vigilant of cases where struggling borrowers sign over their mortgage payments to a third party investor.
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Marketwatch
24 October 2011
MP George Mudie just perpetuated the myth that high LTVs are not available to first-time buyers in his statement to the Commons. And it’s not regulation that has created the problem for FTBs, as he claims
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MMR will be the star of CML conference
24 October 2011
I’m becoming accustomed to the mortgage world after almost three months at the helm of the Council of Mortgage Lenders and I make my first major speech at our annual mortgage industry conference and exhibition on November 3.
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MPC members considered putting £100bn into economy this month
24 October 2011
MPC members considered putting £100bn into economy this month
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Nationwide buys £1.1bn loan portfolio from BoI
24 October 2011
Bank of Ireland has sold a £1.1bn residential mortgage book to Nationwide as part of its plan to sell €10bn (£8.7bn) of its non-core loan portfolios by the end of 2013.
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Old is gold for B2L investors nowadays
24 October 2011
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On course for a long and painful recovery
24 October 2011
Economic data and survey reports for the UK have been far from positive in recent weeks. Declining gross domestic product growth expectations and a lingering feeling that more bad news is around the corner have overshadowed any assessment of short and medium-term prospects.
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Product problems
24 October 2011
When the market downturn hit four years ago, one of the first things to be affected was the sheer variety of products available. High LTV deals are now in short supply and interest-only is restricted among other constraints, all of which have conspired to make it harder for borrowers to get on the housing ladder.
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RBS: Inside the bank that ran out of money
24 October 2011
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Reforming Stamp Duty is not on goverment's agenda
24 October 2011
Housing minister Grant Shapps says the government has no plans to reform Stamp Duty.
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Regulatory turmoil threatens recovery of housing market
24 October 2011
The new chairman of the Council of Mortgage Lenders, Martijn Van der Heijden, recently stated that the mortgage market faces regulatory turmoil.
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RMBS are benefiting from low rates and stable economy, says Moody's
24 October 2011
The UK’s residential mortgage-backed securities market is performing well due to a stable economy and low interest rate environment, says Moody’s.
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Software will never replace brokers' role
24 October 2011
I think it’s fair to say that in the mortgage industry, brokers are generally more switched on to the benefits of technology than some of their country cousins in the insurance world.
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Star letter: Paymentshield seems to be shooting itself in the foot
24 October 2011
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The Mortgage Mole
24 October 2011
Dumbstruck Mole hears that the Building Societies Association’s mortgage guru, Paul Broadhead, was lost for words last week after hearing housing minister Grant Shapps’ plans for the mortgage market.
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Week in numbers
24 October 2011
4 The number of consecutive months consumer confidence has fallen after registering another drop in September, says Nationwide.
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We're dying out so the rise of AVMs appears inevitable
24 October 2011
During the summer I attended a jobs seminar at the request of one of my local schools.
