Mortgage Strategy
26 October 2009
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60 Seconds with.....Chris Cummings
26 October 2009
Chris Cummings Director-General AMI
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Abbey offers its account holders 3.65% fixed rate
26 October 2009
Abbey for Intermediaries has launched a two-year fixed rate deal at 3.65% available only through brokers for existing Abbey account holders.
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ABI blasts plan to make banks pay capital surcharge
26 October 2009
The Association of British Insurers has slammed Financial Services Authority plans to make ‘systemically important’ banks pay a capital surcharge.
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AIFA calls for 'no loss, no fee' system for FOS
26 October 2009
The Association of Independent Financial Advisers is calling for a comprehensive review of the Financial Ombudsman Service. It wants a ‘no loss, no fee’ system so that advisers are not charged if they are cleared of any wrongdoing by FOS.
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Arrears-hit landlords get rent guarantee cover
26 October 2009
Research by the National Landlords Association reveals that nearly three-quarters of landlords have experienced rental arrears as it launches a rent guarantee insurance product.
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B&B extends HML contract to 2012
26 October 2009
Bradford & Bingley has extended its servicing and administration con-tract with HML until 2012.HML manages around 60,000 customer accounts for B&B, amounting to more than £8.5bn of mortgage loans.Brian Brodie, chief executive of HML, says: “We have worked with B&B for many years and have become significant strategic partners.“We are delighted to have extended this contract and feel it reflects positively on the way that we have adapted and developed our ...
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Balance is needed in responding to FSA market review
26 October 2009
I would like to thank Ray Boulger on behalf of the industry for his brief yet balanced analysis on Mortgage Strategy Online of the FSA’s Mortgage Market Review which was published last Monday.
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BLOOD BROTHER
26 October 2009
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Brokers seem to be doing the job of underwriters
26 October 2009
Brokers are increasingly being used to check customer information and are thus shouldering more responsibility
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Brokers should not fear charging fees
26 October 2009
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Can you have a pop to win this posh montblanc rollerball pen?
26 October 2009
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Compliancy Services appoints rent-back boss
26 October 2009
Compliancy Services has appointed Claire Wilkinson as retail director to oversee the sale-and-rent-back arm of its business.
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Consumers deterred from making claims themselves
26 October 2009
Some claims management firms are discouraging consumers from claiming back excessive bank charges or mis-sold payment protection insurance by themselves, an undercover investigation by Which? has revealed.
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Control specialist lending, don't ban it
26 October 2009
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Economic tracker
26 October 2009
Our monthly economic tracker, in association with Platform, provides data on the key indicators of the health of the economy and expert commentary
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Equity withdrawal cap could kill remortgages
26 October 2009
Proposals in the Mortgage Market Review to limit the amount of equity borrowers can withdraw from their property value could kill the remortgage market and force people into the rental sector, industry pundits warn.
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Firm but fair grip needed on arrears
26 October 2009
The Mortgage Market Review gives plenty of food for thought but it should be remembered that it is only a discussion paper and stakeholders still have the opportunity to respond to the proposals.
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FSA says east London is a hotbed of fraud as it bans another broker
26 October 2009
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Grant Thornton referrals direct from Prospector
26 October 2009
Brokers using TrigoldCrystal are now able to refer clients to Grant Thornton directly from the Prospector mortgage sourcing system.
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HARD MEDICINE
26 October 2009
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HEROES
26 October 2009
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Heroes & Villains
26 October 2009
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Judgement Day for industry
26 October 2009
Last Monday was Judgement Day for the mortgage industry with the publication of the Financial Services Authority’s Mortgage Market Review.
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KEEP THE FAITH
26 October 2009
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Land Registry to close offices and cut jobs
26 October 2009
The Land Registry is to close several of its offices and axe up to 1,500 jobs as part of a cost-cutting drive.
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Last week's winner
26 October 2009
Tony CastlePremier mortgage search“Beer goggles made Natalie think she was having her picture taken with George Clooney.”
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LAST WRITES
26 October 2009
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Lenders will hike fees as spreads fall
26 October 2009
Major lenders are planning to hike mortgage fees in the next three months to compensate for a reduction in spreads, data from the Bank of England reveals.
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Let's not criticise the FSA's proposals but find new ways to make the market work
26 October 2009
I read with interest and some dismay Ray Boulger’s blog on Mortgage Strategy Online last week concerning the Financial Services Authority’s Mortgage Market Review.
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Lettings disputes hit four per hour this year
26 October 2009
Property Ombudsman Christopher Hamer says he has seen lettings disputes rise from 77 calls a week in 2008 to 129 in 2009, which works out at four per hour.
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Lib Dems' stakeholder mortgage dismissed as repeat of failed CAT
26 October 2009
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Lies, damned lies and property misdescriptions
26 October 2009
Selling property is all about how it’s packaged but agents seem to have forgotten about a certain piece of legislation
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MAB raises £5,000 for homeless charity
26 October 2009
Mortgage Advice Bureau has raised £5,000 for homeless charity the Estate Agency Foundation. The money was raised by staff and some 400 delegates at MAB’s recent ‘2010 and Beyond’ conference.
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Make the most of your investment in mortgage leads
26 October 2009
Buyers can control some of the variables involved in lead-buying to maximise their return on investment
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Managing client expectations is vital for business
26 October 2009
Failing to communicate transparently causes clients problems and can even add up to unethical behaviour
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Marketwatch 26.10.09
26 October 2009
With more fixed rate cuts to cheer about, let’s hope signs of economic recovery do not prompt lenders to hike them again. And, now is your chance to comment on the FSA’s review
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Media Spotlight: Viral Loop - The Power of Pass-it-on By Adam Peneberg
26 October 2009
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MMR is a study in social engineering
26 October 2009
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MMR to be debated at London Mortgage Expo
26 October 2009
Industry trade bodies are gearing up for a series of in-depth debates on the FSA’s Mortgage Market Review at the Mortgage Business Expo in London next month.
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MMR up close
26 October 2009
Self-cert will be dead, buy-to-let will be regulated and for many the dream of owning a home will evaporate. This is the future for the industry if the FSA gets its way
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Need for bridging loans is growing
26 October 2009
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Online updates will boost legal services
26 October 2009
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Oversight change leaves brokers in a tricky position
26 October 2009
After reading Ray Boulger’s blog on Mortgage Strategy Online I would like to say I agree with much of what he and several others have said on the subject.But the missing piece in the jigsaw is how firms will address the regulatory risk issues of self-cert now the CF10 rule on compliance oversight is to be applied to brokers. This is a big risk for approved persons.Stephen Atkinscompliance directorTelos Compliance
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PM rejects call for banks to be split
26 October 2009
Prime Minister Gordon Brown has hit back at Bank of England governor Mervyn King’s call for banks to split their retail and investment activities.
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Post Office unveils range of mortgage products
26 October 2009
The Post Office has launched a range of fixed rate and tracker deals as it looks to boost its presence in the financial services sector.
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Property-owning culture in danger
26 October 2009
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Rock return would strike the right note
26 October 2009
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Self-cert ban risks throwing baby out with the bath water
26 October 2009
The Financial Services Authority’s latest proclamation on self-cert mortgages could mean throwing the baby out with the bath water.
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Self-cert lenders adopt wait and watch stance
26 October 2009
Platform and Beacon Homeloans say they are fully digesting the detail in the Mortgage Market Review before making any decisions regarding their self-cert products.
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September sees 80% year-on-year loan rise
26 October 2009
There were £5.9bn worth of house purchase loans approved in September, an 88% increase from September 2008, figures from the British Bankers’ Association show.
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The FSA's focus on labels is misguided
26 October 2009
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The regulator lays bare its ineptitude and misjudgement
26 October 2009
I applaud Ray Boulger’s stance in his blog on Mortgage Strategy Online. It is encouraging to see someone of his stature standing up for reason and common sense.
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We let brokers help their clients after mortgages complete
26 October 2009
I have good news for Rob Roberts of Chesterton Grant Mortgages, whose recent letter, headlined ‘Brokers should get ongoing access to their clients’ cases’ (Mortgage Strategy October 12), expressed frustration at lenders’ reluctance to discuss clients’ cases after their mortgages complete.
