Mortgage Strategy
25 July 2011
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A bigger scandal than Murdoch
25 July 2011
The News International phone hacking debacle has got British politicians wringing their hands over their cosy relationship with the media, but their courting of banks pre-credit crunch and the continued spiralling of sovereign debt require greater scrutiny
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A chance to address protection shortfall
25 July 2011
The widening protection gap has long been a worry for many in the market, from lenders to governments concerned at the lack of protection many consumers have. So is Edmund Tirbutt’s idea in our cover feature this week for a 0.25% charge to the cost of the mortgage a possible solution? You can understand why many lenders and banks would balk at the suggestion.
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AMI says lending will not hit target
25 July 2011
Mortgage lending will fall short of the Council of Mortgage Lenders’ £140bn forecast for 2011, according to the Association of Mortgage Intermediaries.
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Bath offers alternative to buying with friends
25 July 2011
Bath Building Society has responded to housing minister Grant Shapps’ call for lenders to provide mates mortgages by launching products that take into account the rental income from letting a room.
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Borrowers committing fraud by hiding sub-prime past
26 Jul 2011
Borrowers are attempting to mask their adverse credit history by not disclosing previous addresses, shows the latest Fraudscape Bulletin from CIFAS – the UK’s fraud prevention service.
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Buy-to-let contributes to 16% rise in lending
25 July 2011
A 16% rise in gross mortgage lending in June has been attributed to a boost in buy-to-let activity.
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CAN YOU HAVE A POP TO WIN THIS BOTTLE OF MIGHTY FINE CHAMPAGNE?
25 July 2011
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Capture leads' areas of interest at source
25 July 2011
SOPHIE HALL, DISTRIBUTION DIRECTOR, INTELLIFLO
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Caution pays off for UK banks
25 July 2011
Measures taken by British banks to maintain capital ratios in the past year have put them in a healthier position than other European lenders that are in the shadow of a likely Greek default
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Commercial sector’s Stamp Duty agony
25 July 2011
STEVEN NICHOLAS, CHIEF EXECUTIVE, TIUTA
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Congratulations to all TOTL winners
25 July 2011
RECOGNISING EXCELLENCE IS THE INTERMEDIARY MARKET
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Distributors make the case for receiving trail revenue
25 July 2011
Major distributors are calling on lenders to offer trail commission as an alternative to an upfront proc fee.
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First-time buyers in danger zone
25 July 2011
As repossessions show a quarterly rise, regional analysis of the types of property being reclaimed by lenders indicates that it is terraced houses and flats, predominantly the choice of first-timers, that are showing the highest rates of repossession in many areas
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Former Tiuta CEO now at Montello
25 July 2011
GEORGE PATELLIS, WILL BE WORKING FROM NEW YORK
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FSA investigates firm's record on compliance
25 July 2011
REGULATOR ANOTHER LENDER UNDER SCRUTINY
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Grab opportunity to sell cover products
25 July 2011
JOHN PHILLIPS, FINANCIAL SERVICES DIRECTOR ,KINLEIGH FOLKARD & HAYWARD
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Halifax puts an end to gifted deposit by sellers
25 July 2011
Halifax Intermediaries is no longer accepting mortgage applications where the seller has gifted the deposit because it says the practice distorts the true asking price of the property.
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Kensington raises top loan to £1m
25 July 2011
Kensington has doubled its maximum loan size to £1m and increased the amount it will lend to first-time buyers to £500,000.
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LAST WEEK'S WINNER
25 July 2011
“Seven out of 10 housewives preferred the one on the left.”YATIN PATELWOOLWICH MORTGAGES FROM BARCLAYS
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Leader: The trail commission debate
25 July 2011
Trail commission has long been talked about in the mortgage market as a possible alternative to upfront proc fees but that’s as far as it has ever progressed.
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Lloyds in £3.3bn RMBS transaction
25 July 2011
Lloyds Banking Group is to launch a securitisation deal worth an estimated £3.3bn.
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LSL spreads mortgage wings with joint venture
25 July 2011
ANDREW KNEE: STABILITY IS CRUCIAL
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Marketwatch
25 July 2011
Accord Mortgages releasing its ’tracker to fixed’ products to the whole market is a great move as the deals look awesome. And Lloyds group’s latest securitisation proves there is demand from investors
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MPC holds steady on the base rate
25 July 2011
Seven members of the Bank of England’s Monetary Policy Committee voted to keep interest rates on hold at 0.5% in July, the same number as in June.
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OFT warns on unfair letting terms
25 July 2011
The Office of Fair Trading has warned letting agents to check that the terms and conditions in their contracts are fair and transparent.
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Platform unveils let-to-buy mortgages
25 July 2011
Platform is offering its whole range of buy-to-let products on a let-to-buy basis.
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Prospering landlords could boost market
25 July 2011
STEVE PAYNE, MANAGING DIRECTOR, FRIENDS LIFE
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Protection at the right price
25 July 2011
A mortgage protection scheme that could cost as little as 0.25% of monthly payments to insure against ill health could benefit consumers and lenders . Whoever takes the initiative is likely to reap rewards in terms of PR and market share, says Edmund Tirbutt
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Regulators issue consumer guide on dealing with claims companies
25 July 2011
The Financial Services Authority and the Ministry of Justice have issued joint guidance with the Financial Ombudsman Service and the Financial Services Compensation Scheme to warn consumers about the dangers of claims firms.
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Remortgages are part of a positive picture
25 July 2011
A growing appetite for remortgaging, the launch of competitive deals including high LTVs for first-time buyers and schemes such as FirstBuy are all cause for cautious optimism for the rest of the year
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Rock shuts office as part of planned cuts in operations
25 July 2011
Northern Rock is to close its Sunderland office which houses some 100 mortgage operations and underwriting staff.
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Sector welcomes all-party group
25 July 2011
The buy-to-let industry has welcomed the introduction of the first all-party parliamentary group for the private rented sector.
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Sensible to hike base rate now
25 July 2011
Combined with wage stagnation and rising food and fuel prices, inflation is negating the benefits of low interest rates and will start pushing more and more borrowers into arrears
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The Mortgage Mole
25 July 2011
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The road ahead for brokers
25 July 2011
Leading players discuss what the broker industry will look like five years from now from the changes that need to be made to the mistakes that mustn’t be repeated
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Week in NUMBERS
25 July 2011
£140bn - The rough amount agreed to bail out Greece for a second time - £41.5bn by private holders and £96.3bn by the Eurozone and International Monetary Fund.
