Mortgage Strategy
26 September 2011
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60 Seconds With...Nick Cheek
26 September 2011
NICK CHEEK, DEPUTY EDITOR, WHICH? MONEY
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ABI fears MMR could damage protection sales
26 September 2011
The Association of British Insurers has warned the Mortgage Market Review could harm protection sales.
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Adviser firm loses appeal over its revoked licence
26 September 2011
A tribunal has upheld the Office of Fair Trading’s decision to revoke the licence of JST Financial Solutions for allowing a convicted fraudster to become involved in its business.
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Aldermore joins Hitachi Capital to offer 95% LTV deal
26 September 2011
CHARLES HARESNAPE - BIGGER CHOICE OF PRODUCTS
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Bespoke solutions, off-the-shelf prices
26 September 2011
HARPAL SINGH, MANAGING DIRECTOR, CONVEYANCING ALLIANCE
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Borro appoints new managing director
26 September 2011
Borro has appointed former Virgin Money managing director Claire Gates as its managing director.
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Bridging lenders seek exemption
28 Oct 2011
The Association of Short Term Lenders is seeking a total exemption for bridging lenders from the European Commission’s mortgage credit directive.
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Bridging now has a commercial focus
26 September 2011
GARETH LEWIS, HEAD OF BUSINESS DEVELOPMENT, TIUTA
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Brokers must try to offer one-stop shops
26 September 2011
GEMMA HARLE, MANAGING DIRECTOR, TENETLIME
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BSA proposes shared ownership scheme for existing home owners
26 September 2011
Shared ownership schemes where by existing home owners sell some of the equity in their property and pay rent on it should be developed to curb repossessions, says the Building Societies Association. In a report published last week, A Joined-up Approach To Helping Mortgage Borrowers, the BSA puts forward such schemes as one of four solutions which could work together to form a long-term safety net against repossessions.
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Buying cheap leads is a false economy
26 September 2011
JUSTIN REES, DIRECTOR OF MARKETING AND PARTNERSHIPS, LEADPOINT UK
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Cambridge shaves off up to 0.7% from its 95% mortgages
26 September 2011
Cambridge Building Society has slashed rates on its 95% LTV mortgages by up to 0.70%.
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CAN YOU HAVE A POP TO WIN THIS BOTTLE OF MIGHTY FINE CHAMPAGNE?
26 September 2011
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Countrywide offers lenders low LTV business to offset high-risk lending
26 September 2011
Countrywide is trying to tempt lenders into offering high LTV new-build mortgages by offering to put more lower LTV business their way, in a bid to mitigate risk.
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Debating the new homes problem
26 September 2011
The UK is desperately short of homes but new-builds are dogged by cautious LTVs and inconsistent valuations. Our round table discussion tries to get to the bottom of these issues and find ways to kick-start the sector
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Financial services stays at Vertex after division sell-off
26 September 2011
Vertex has confirmed that its financial services business will be unaffected by a sell-off of its private sector division to Capita Group.
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Give a clear message to clients you want
26 September 2011
JON KING, MANAGING DIRECTOR, MORE2LIFE
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Government on the wrong track with planning policy
26 September 2011
In the September 12 issue of Mortgage Strategy Jason Orme wrote an article on foreign housing models and their relevance to the UK and I took issue with a lot of what he had to say.
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Higher gross lending in August is not sign of a recovery, warns CML
26 September 2011
The Council of Mortgage Lenders has warned that the 10% year-on-year rise in gross mortgage lending in August does not represent a sustained recovery in lending volumes.
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HSBC online decisions take just 20 minutes
26 September 2011
HSBC has launched an online service which can give customers a mortgage decision within 20 minutes. It is also letting existing customers transfer their mortgage to any of the bank’s deals within just 15 minutes.
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ICB rules threaten private bank model
26 September 2011
Last week was another turbulent one for the markets from the US to Europe. With massive uncertainty facing the financial sector it will be interesting to see how the implementation of the Independent Commission on Banking’s plan to ring-fence the assets in UK banks will pan out.
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IMF cuts UK growth forecast amid mounting global fears
26 September 2011
The International Monetary Fund has cut its growth forecast for the UK economy, amid warnings that the global economy has entered a dangerous new phase.
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Kensington drops 85% deals as funds peter out
26 September 2011
ANDY YOUNG - LITTLE IMPACT ON SECTOR
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Lack of homes will result in stable prices and RMBS
26 September 2011
Low housing supply will help keep property prices stable in the UK and therefore have a positive credit impact on residential mortgage-backed securities, says Moody’s.
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LAST WEEK’S WINNER
26 September 2011
“Auditions for Brokeback Mountain 2 were going well.”NEAL JANNELS, ALL TYPES OF MORTGAGES
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Lenders must lead fraud defence
26 September 2011
The only way lenders can combat fraud in the conveyancing market is to set up their own control system. Web-based data checks, information sharing and visits to premises would allow them to vet, approve and moniter conveyancers and restore trust in the process
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Marketwatch
26 September 2011
Swaps reacted to the MPC minutes with a sharp fall and it seems we could be seeing QE2 in the near future. It’s a shame Kensington withdrewits high LTV deals, but well done to Halifax for extending its core range
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Mortgage plans on track, says Tesco
26 September 2011
Tesco insists it is making good progress with its plans to enter the mortgage market, despite rumours that it has delayed the launch until 2012.
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MS Leader: All aflutter over Twitter
26 September 2011
The fact that ’to tweet’ is now recognised as a legitimate verb goes to show how influential Twitter has become.
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Negative equity still on the prowl
26 September 2011
Despite optimistic talk of a reviving housing market, the shadow of negative equity still hangs over thousands of home owners. So lenders need to understand the dynamics of price changes when planning lending strategies so they can help clients in this situation, not hinder them
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Next Intelligence unveils life protection panel
26 September 2011
Next Intelligence has launched a life protection panel for the directly authorised market. The panel comprises Bright Grey, Friends Life, Legal &General and Pru Protect.
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Next quarter is vital for remortgage deals
26 September 2011
DAVID FINLAY, MANAGING DIRECTOR FOR MORTGAGES, BARCLAYS
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Now for the aftershock
26 September 2011
The ring-fencing of retail banking to protect it from volatile investment arms was inevitable after the seismic events of the last few years, but the shake-up will be huge, says Samuel Dale
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OFT developer guidance goes to consultation
26 September 2011
The Office of Fair Trading has launched a consultation on draft guidance for estate agents and property developers. The consultation is open until December 9.
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Paul Muolo: What's going on across the pond
26 September 2011
Mid-sized firms gear up to grab business
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Play the intergeneration game
26 September 2011
The odds are against children of the baby boomer generation ever stepping on to the housing ladder, but an idea suggested five years ago of intergenerational mortgages whereby mortgage debt and property are passed on to offspring might just work
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QE2 could set sail as early as next MPC meeting
26 September 2011
Minutes from the Monetary Policy Committee’s September meeting show a further bout of quantitative easing is on its way.
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Readers back crusade to halt spurious claims
26 September 2011
Mortgage Strategy’s e-petition calling for claims firms to be made to pay for spurious claims gained almost 200 signatures in its first week.Last week we launched our Make Claims Firms Pay campaign and set our government e-petition live.
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Regulator raps industry tweeters on product ads
26 September 2011
The Financial Services Authority is taking a hard line on mortgage companies advertising products on Twitter.
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Right protection can ease financial stress
26 September 2011
ROGER EDWARDS, PROPOSITION DIRECTOR, BRIGHT GREY AND SCOTTISH PROVIDENT
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Short-term finance shines in the gloom
26 September 2011
CONOR MURPHY, MANAGING DIRECTOR, CAPRICORN FINANCIAL
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State Bank of India will offer deals via brokers
26 September 2011
State Bank of India plans to launch a range of buy-to-let and residential mortgages in the UK through brokers next year.
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The Mortgage Mole
26 September 2011
Naughty but nice Checking clients for fraud can be a tough business and brokers have to be persistent and intrusive in their questioning to perform the appropriate due diligence.
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Tiuta business development head quits
26 September 2011
Gareth Lewis, head of business development at Tiuta, has left the firm.
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Too big to fail
26 September 2011
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Top of the League - September
26 September 2011
This month’s Player of the Month is Ashley Fenton, regional sales director at Spicerhaart Financial Services
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Week in numbers
26 September 2011
1.1% The revised growth prediction for the UK this year from the International Monetary Fund, down from its previous estimate of 1.7%.
