Mortgage Strategy
26 April 2010
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60 Seconds with...Adam Tyler
26 April 2010
Chief executive, National Association of Commercial Finance Brokers
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Abbey's 90% deal can hardly be feted as great for market
26 April 2010
I question whether the story last week that Abbey for Intermediaries is offering a 90% LTV deal at 6.75% is great news (Mortgage Strategy Online).
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AMI marks seven years of fighting brokers' corner
26 April 2010
The Association of Mortgage Intermediaries is celebrating its seventh anniversary.
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B&B wins right to recover losses from a 16 year old repossession
26 April 2010
NEIL SMITH: A PLEASING RESULT
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Beginning to gain a cycological edge
26 April 2010
BEN THOMPSON, DIRECTOR OF MORTGAGE, LEGAL & GENERAL
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BSA backs Lib Dems' poll pledge to appoint a minister for mutuals
26 April 2010
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Callcredit increased its profit by 54% last year
26 April 2010
Callcredit Information Group increased its profits by 54% in 2009 compared with the previous year, showing full-year profits of £7m.
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CAN YOU HAVE A POP TO WIN THIS POSH MONTBLANC ROLLERBALL PEN?
26 April 2010
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Communication between lenders and brokers is key
26 April 2010
Issues such as account managers having insufficient knowledge must be addressed for the market to move on
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Consumer focus on pensions is growing
26 April 2010
MARK CLINTON, DIRECTOR, MD PENSIONS SOLUTIONS
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Countrywide says rental applications are up 48%
26 April 2010
Countrywide has seen a 48% increase in the number of applicants registering to rent property between January and March.
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Crucial factors slow the pace of recovery
26 April 2010
Our monthly economic tracker provides data on the key indicators of the health of the economy and expert commentary
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David Elms loses his battle with cancer
26 April 2010
Former IFA Promotion chief executive David Elms has passed away after a battle with cancer. Elms stepped down last October.
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Election dampens lender enthusiasm
26 April 2010
Economic Tracker
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Employees are your best marketing tool
26 April 2010
JEFF KNIGHT, CONSULTANT, TONIC MARKETING SOLUTIONS
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Enterprise Finance signs up to HomeLoan panel
26 April 2010
Enterprise Finance has been appointed to HomeLoan Partnership’s secured loan, bridging finance and commercial mortgage panel.
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Farewell to tough regulation - I'm leaving the country
26 April 2010
I’m a mortgage and protection broker and have been successful since I began advising in 2004.
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Finding a way back to specialist lending
26 April 2010
GUY GARRARD, HEAD OF BUSINESS DEVELOPMENT, TIUTA
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Firms should use their resources to keep the RDR out
26 April 2010
It was revealed last week that Bankhall has launched a service for IFAs looking to leave the industry that will match up firms wanting to sell their business with those that are looking to buy (Mortgage Strategy Online).
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FSA fees reform could cut advisers' bills by £45m
26 April 2010
Reform of the way the Financial Services Authority calculates its fees would slash the bill for advisers by about £45m, says the Association of Independent Financial Advisers.
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GEMHL deserves credit for filling a gap in the market
26 April 2010
In response to the story headlined ’GEMHL expands range to help borrowers with limited options’ (Mortgage Strategy Online), it’s taken a vast amount of work by the GEMHL team to get to where it is now and the market needs to give it some credit, rather than being negative.
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Get tough with data security measures
26 April 2010
MARK BLACKWELL, MANAGING DIRECTOR, XIT2
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Get your foot in the door with tenants
26 April 2010
ANDY LEES, KEY ACCOUNT MANAGER, UINSURE
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Give B2L investors a level playing field
26 April 2010
ROBERT WINFIELD, MANAGING DIRECTOR, CHARTWELL FUNDING
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Go to societies for loan flexibility and the personal touch
26 April 2010
I write in response to the story that Legal & General and Hanley Economic are offering a two-year deal with no credit scoring.
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Godiva lowers rate on two-year B2L to 4.59%
26 April 2010
Godiva Mortgages has cut its two-year buy-to-let fixed rate from 4.74% to 4.59%.
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Goldman Sachs and the sub-prime facts
26 April 2010
What’s going on across the Pond
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Grant Thornton joins CML as an associate
26 April 2010
Grant Thornton UK has joined the Council of Mortgage Lenders as an associate. The CML now has 109 members and 77 associates.
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Halifax's latest fixed product will not be attractive to FTBs
26 April 2010
I was interested to read last week that Openwork is offering an exclusive two-year fixed rate product from Halifax with a 90% LTV at 6.49%, aimed at home movers and first-time buyers (Mortage Strategy Online).
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High LTV deal is commendable but I am still miffed
26 April 2010
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HML shake-up leads to site closure and 164 jobs at risk
26 April 2010
HML is closing its Prospect House site in Scarborough as part of a re-structure putting 164 jobs at risk.
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HSBC borrowers can split their mortgage
26 April 2010
HSBC has launched a ’split loan’ mortgage that allows borrowers to fix a proportion of the loan with the remainder on a lifetime tracker rate.
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Inflation up but MPC urged not to hike rates
26 April 2010
The Bank of England’s Monetary Policy Committee has been urged to keep interest rates low despite a jump in inflation.
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It's good to see L&G getting away from box-ticking attitude
26 April 2010
I was pleased to hear last week that Legal & General and Hanley Economic Building Society were offering a two-year fixed rate deal with no credit scoring (Mortgage strategy Online).
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L&G joins complex prime club with two-year fix
26 April 2010
Legal & General Mortgage Club is the latest distributor to offer com-plex prime with the launch of a fixed rate mortgage with no credit score last week.
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L&C scoops gong for best adviser firm
26 April 2010
DAVID HOLLINGWORTH: WINNER OF BEST ADVISER AWARD
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LAST WEEK’S WINNER
26 April 2010
“What champagne are we drinking? Moat & Chandon, of course!”ROB FALCONERPENARTH
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Leader: Finance is key to the future
26 April 2010
The buzzword at a debate on housing last week was - depressingly for the mortgage market - renting. The Land Data Great Housing Market Debate in Westminster had the bosses of Paragon Mortgages, Your Move and Galliford Try Homes, as well as the chief economist at Nationwide Building Society and BBC chief economics correspondent Hugh Pym on the panel.
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Lending and house prices likely to remain low despite high LTV deals
26 April 2010
An array of 90% LTV deals were launched last week, but lenders have warned that house prices and mortgage lending will remain subdued over the year.
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Mansfield launches a two-year deal at 3.09%
26 April 2010
Mansfield Building Society has launched a two-year fixed rate at 3.09% up to 75% LTV.
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Marketwatch
26 April 2010
Abbey seems to be attracting negative comments, whatever it does but we shouldn’t forget the support it has shown us over the past few years. Meanwhile, Northern Rock has cut some Everyday rates
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Media Spotlight: The Unwritten Laws of Finance & Investment
26 April 2010
By Robert Cole
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Mortgage deal for Lloyds current account holders
26 April 2010
Lloyds TSB is offering its current account customers a 0.2% reduction on mortgage rates if they deposit at least £1,000 a month and take out a new mortgage with it.
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Mortgage lending rises in March but FTBs have little to celebrate
26 April 2010
Gross mortgage lending rose 24% in March from £9.3bn in February to £11.5bn, but research shows that lenders are still making life difficult for first-time buyers.
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Name game
26 April 2010
Complex prime is creating a buzz in the mortgage market, with opinion divided over its true meaning. Some see it as a return to common sense lending, while others are worried it’s a route back to old-fashioned sub-pime
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Northern Rock cuts rates on some Everyday deals
26 April 2010
Northern Rock has cut rates on selected deals in its Everyday mortgage range by up to 0.3% and launched additional rates for residential and buy-to-let business.
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Number of individuals out of work hits a 16-year high
26 April 2010
The number of unemployed in the UK has hit 2.5 million, the highest since 1994.
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Overseas buyers look for recession bargains
26 April 2010
Overseas buyers are looking to the UK probate, part-exchange and repossession markets for bargain properties, says Whitehotproperty.co.uk.
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Over-the-top credit scoring is causing everyone distress
26 April 2010
I was intrigued to read the responses to the news that more than a fifth of adults could be prevented from getting a mortgage (Mortgage Strategy Online).
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Owners opt for equity release to pay mortgage
26 April 2010
Almost 30% of those taking out home reversions are doing so to pay their mortgages, says Bridgewater Equity Release.
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Poor performance by services sector hampers recovery
26 April 2010
The pace of economic recovery has slowed with gross domestic product rising by 0.2% between January and March.
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Private rental sector will make up 20% of total housing stock by 2021
26 April 2010
JOHN HERON: DRAMATIC CHANGE LIKELY
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Providing support when it is needed
26 April 2010
ROGER MORRIS, SALES AND MARKETING DIRECTOR, AFFIRMATIVE FINANCE
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Rate rise would not have huge affect on arrear
26 April 2010
A study from Standard & Poor’s claims that even if interest rates rise to 4% in the next year it would only have a minimal effect on arrears.
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Right time to tackle the protection issue
26 April 2010
ROGER EDWARDS, PROPOSITION DIRECTOR, BRIGHT GREY
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RMBS deal from Lloyds group to launch this week
26 April 2010
Lloyds Banking Group is to launch its first securitisation backed by prime mortgages from Cheltenham & Gloucester and Lloyds TSB since May 2007.
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Speed not expertise is what consumers rate
26 April 2010
LEE GLADWELL, NEED TO BOOST, UNDERSTANDING
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Support should be part of the IT deal
26 April 2010
SOPHIE HALL, DIRECTOR OF DISTRIBUTION, INTELLIFLO
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Temperatures rise when borrowers lose their homes
26 April 2010
You can’t blame home owners for getting bolshy - even the ones who removed the staircase as they were repossessed
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Tesco to launch mortgage products by year-end
26 April 2010
Tesco Bank has confirmed plans to launch a range of mortgages by the end of the year.
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The green agenda is still important
26 April 2010
RICHARD SEXTON, DIRECTOR OF BUSINESS DEVELOPMENT, E.SURV
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The Mortgage Mole
26 April 2010
DIGGING THE DIRT IN THE MORTGAGE WORLD…
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Third Northern Rock director in arrears probe
26 April 2010
A third Northern Rock director has become embroiled in the Financial Services Authority investigation into why the lender omitted almost 2,000 loans from its arrears figures.
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Three firms to offer MarketGuard's rate protection product
26 April 2010
MarketGuard has signed up three adviser firms to distribute its RateGuard product that protects against rising interest rates.
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Time for sensible lending criteria to make a return
26 April 2010
STAR LETTER
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Tories are the best bet for our industry
26 April 2010
ALAN CLEARY, MANAGING DIRECTOR, EXACT
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UK to investigate fraud claims at Goldman Sachs
26 April 2010
Goldman Sachs is to be investigated by the Financial Services Authority following accusations of fraud by the US Securities and Exchange Commission.
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Well done GEMHL for kick-starting the specialist sector
26 April 2010
I would like to congratulate Mark Snape and his team at GE Money Home Lending for not only surviving the credit crunch but for striving to get specialist lending back on the map in 2010.Obviously underwriting is going to be tight, due to the restrictions set by credit risk, but at least it is lending. Brokers need to understand that the group has positioned products to assist customers who are declined by high street lenders.
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Xit2 refocusses on three core areas
26 April 2010
Xit2 has refocussed its mortgage outsourcing business around the three core areas of asset, valuation and conveyancing management.
