Mortgage Strategy
3 May 2010
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60 Seconds with...Andrea Rozario
3 May 2010
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A sustainable source worth studying
3 May 2010
While protection sales have soared as an alternative income source brokers seem to have overlooked general insurance. It requires some homework but once set up provides a steady flow of payments
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Banks need better governance rather than extra taxes
3 May 2010
The IMF’s plan to levy additional taxes on banks and other financial institutions is unlikely to achieve the desired result
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CAN YOU HAVE A POP TO WIN THIS POSH MONTBLANC ROLLERBALL PEN?
3 May 2010
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Capital suffers most repossessions
3 May 2010
London has been branded the repossession hotspot of the UK in a study by Spicerhaart Corporate Sales.
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Charity boss calls for home ownership exams for FTBs
3 May 2010
Malcolm Hurlston, chairman of debt charity Consumer Credit Counselling Service, says mortgages for first-time buyers should be sold like driving licences and applicants should have to sit exams.
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Covering the cost of maintaining your local church
3 May 2010
Around 5,200 parishes can demand that home owners pay for chancel repairs, in which case buyers need insurance
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Credit lent plunges from levels seen in 2008
3 May 2010
Total credit lent by Finance and Leasing Association members in February was £3.7bn - just 5% lower than in the same month last year but almost 30% lower than levels in February 2008.
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Dates for your DIARY...
3 May 2010
MAY 5-6: Building SocietiesAssociation’s annual conference in Manchester The BSA must have cursed when Gordon Brown announced the date for the general election as May 6. Apart from who will win the election, regulation and funding will no doubt be top of the agenda.
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Direct products take 54% of market
3 May 2010
Direct-only mortgage deals accoun-ted for 53.7% of the mortgage market in April compared with just 22% in 2007.
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Equity release at a crossroad this year
3 May 2010
CLARE BARKER, CHAIRMAN, EQUITY RELEASE SOLICITORS ALLIANCE
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Exploit your GI expertise to beat pesky meerkats
3 May 2010
To win against price comparison sites ensure your advice process highlights policy features and benefits
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Firms must engage with social media
3 May 2010
TONY YORKE, PRINCIPAL CONSULTANT, THINK STRATEGICALLY
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Five lenders are failing to handle complaints well
3 May 2010
The Financial Services Authority has found weaknesses in five banks’ handling of customer complaints and referred two of them for further investigation.
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Follow Obama and tweet your services
3 May 2010
ROGER EDWARDS, PROPOSITION DIRECTOR, BRIGHT GREY AND SCOTTISH PROVIDENT
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FSA warns about firm founded by Chris May
3 May 2010
Former Mortgage Times director Chris May has sought to distance himself from Carmody & May following a notice from the Financial Services Authority warning the public not to deal with the firm.
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Get back to a mortgage system based on human values rather than the tick box
3 May 2010
STAR LETTER
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High debt for pensioners taking out equity release
3 May 2010
The average pensioner taking out an equity release plan on the value of their home has debts of £35,991, research from Key Retirement Solutions shows.
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Industry commemorates Thomas
3 May 2010
The mortgage industry is being invited to pay tribute to Kensington’s chief risk officer Paul Thomas, who suffered an aneurysm and passed away last month.
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John Charcol says debt left behind was bosses'
3 May 2010
The £3.7m in liabilities that John Charcol left behind when it went into liquidation was owed to the company’s directors, according to the brokerage.
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Keep in touch by return to coalface
3 May 2010
BOB YOUNG, MANAGING DIRECTOR, CAPITAL HOME LOANS
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LAST WEEK’S WINNER
3 May 2010
“After 20 miles most runners hit a wall but for Tony it was more substantial than usual.”VALERIE GANNE
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Leader: Hope at Home of Choice
3 May 2010
The news that eleventh hour talks are taking place between the top brass at Home of Choice and an as-yet unidentified plc is obviously welcome, and panicked appointed representatives at the network can only keep their fingers crossed that it all results in a deal.
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Lloyds group back in the black as impairments fall
3 May 2010
ERIC DANIELS: ON COURSE FOR SUCCESS
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Marketwatch
3 May 2010
Last week’s pre-election hush on the market was broken by a due diligence milestone for Exact, a puzzling product email from Nationwide and some mixed news from Lloyds group
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Media Spotlight: Third Leaders’ Debate - BBC 1
3 May 2010
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MoneyQuest seals deal with comparison site
3 May 2010
ROB CLIFFORD: THIS IS A BIG COUP FOR US
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Mortgage approval total edges up
3 May 2010
A total of 34,905 mortgages were approved in April, up slightly on March’s 33,360, figures from the British Bankers’ Association reveal.The average value of house purchase approvals was £146,100 - 11.8% higher than a year ago.
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Mortgage industry needs a little TLC
3 May 2010
ALAN CLEARY, MANAGING DIRECTOR, EXACT
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Need for education is not confined to first-time buyers
3 May 2010
I was interested to read last week on Mortgage Strategy Online about national debt charity the Consumer Credit Counselling Service’s idea for first-time buyers to sit an exam to own a home.
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Newcastle unveils fixed rate product
3 May 2010
Newcastle Building Society has launched a two-year 5.95% fixed rate mortgage up to 90% LTV. The society’s new range also includes a three-year fixed rate at 4.80% available up to 80% LTV.
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Next generation
3 May 2010
Getting high-quality young people to consider a career in mortgage broking will be a tough sell but many believe attracting new talent is vital to the long-term health of the sector
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Nottingham joins MIH panel of lenders
3 May 2010
Mortgage Intelligence Holdings has added Nottingham Building Society to its lender panel.
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Novice landlords prop up B2L sector
3 May 2010
More landlords entered the buy-to-let market for the first time in Q1 2010, as buy-to-let remortgage business continued to fall.
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Offset mortgages surge on back of uncertain future
3 May 2010
Clients who would previously have paid off part of their mortgage now request offsets as lower bonuses hit home
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Positive names head of commercial lending
3 May 2010
Master broker Positive Lending has appointed Glenn Codd as head of commercial lending.
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Property still tops list of investments
3 May 2010
CHRISTOPHER TAYLOR, CHIEF EXECUTIVE OFFICER, LONDON & EUROPEAN
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Purchase instructions and completions rise
3 May 2010
The Conveyancing Alliance saw a 23% increase in purchase instructions in Q1 2010 compared with Q1 2009.Purchase completions for Q1 2010 were also 60% greater than the corresponding quarter in 2009.
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Rates show decrease from peak last summer
3 May 2010
Lenders have pushed down rates from their peak last August, with the average two-year fixed rate deal now at its lowest level for a year, Moneyfacts.co.uk data shows.
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Recovery threatens to bring bigger bills
3 May 2010
IAIN MALLON, DIRECTOR OF PROTECTION MARKETING, AXA
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Regulator kicks out another three brokers for fraud
3 May 2010
The Financial Services Authority has banned a further three brokers for mortgage fraud, with one admitting to only checking applicants’ salaries if the lender requested it.
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Relationships will see shift in power
3 May 2010
GEMMA HARLE, MANAGING DIRECTOR, TENETLIME
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Santander reports £426m profit in Q1
3 May 2010
Santander UK has reported a pre-tax profit of £426m for the first three months of the year - a rise of 15% compared with the same period last year.
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Santander should scrutinise its own staff and practices
3 May 2010
I am experiencing an appalling situation with a hypocritical approach to underwriting being displayed by Santander.
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Shrinking equity release market is due to provider exodus, says Aviva
3 May 2010
DOMINIC FRASER-SMITH: EXPECTING RECOVERY
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Social networking can help build trust
3 May 2010
ED STUART-BROWN, HEAD OF PROTECTION SALES, FRIENDS PROVIDENT
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Sourcing system may help brokers compete with comparison websites
3 May 2010
An IFA has teamed up with Capita Financial Software to launch Mortgage 27, a sourcing system for brokers’ websites.
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Strategy scoops top writing gong
3 May 2010
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Taking a long-term view of the elderly
3 May 2010
JON KING, MANAGING DIRECTOR, HODGE LIFETIME
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Talks to save Home of Choice give ARs hope
3 May 2010
GERRY O’BRIEN: NEGOTIATIONS ARE SERIOUS
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Tesco to make further inroads into housing
3 May 2010
Tesco plans to expand its house-building services with the construction of four developments in the South-East. It is reported that the supermarket also has plans to build homes, shops and leisure developments in Ipswich and the North-East.
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The Mortgage Mole
3 May 2010
DIGGING THE DIRT IN THE MORTGAGE WORLD…
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This month's decision: hold
3 May 2010
With uncertainty over inflation and the prospect of a hung parliament, Mortgage Strategy’s Monetary Policy Committee votes to hold the base rate for another month
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Tracker borrowers fail to use low rates to overpay
3 May 2010
Almost two-thirds of borrowers on a tracker mortgage are not taking advantage of low interest rates to overpay on their mortgage. This has risen from just over half of borrowers in May 2009, says Unbiased.co.uk.
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Tributes pour in for Thomas - 'one of the good guys'
3 May 2010
It was with huge sadness that I read last week about the recent death of Paul Thomas, chief risk officer at Kensington.
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Walking and eating need exams just as much as borrowing
3 May 2010
I was interested to read about the idea for an exam to be taken by prospective home owners.
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Wills and trusts will open doors to clients
3 May 2010
JEFF SMITH, COMMERCIAL DIRECTOR, THE ASSET PROTECTION STRATEGY
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Winner must help housing to recover
3 May 2010
ALISON BEECH, BUSINESS RELATIONSHIP DIRECTOR, SPICERHAART
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Xit2 launches asset management portal
3 May 2010
Xit2 has launched the Property In Possession portal with Nationwide Building Society, as part of its new asset management service.
