Mortgage Strategy
7 March 2011
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European court has just ignored risk assessment factors
7 March 2011
Last week’s ruling from the European Court of Justice on discrimination when calculating insurance premiums is yet another ridiculous ruling that flies in the face of common sense.It has nothing to do with sex discrimination, but with risk assessment.What next? Will the premiums need to be the same regardless of your age so as not to discriminate against age?John Tidswell
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LSL's appetite for acquisitions grows as pre-tax profits increase to £25.8m
7 March 2011
LSL Property Services, the parent company of Pink Home Loans and First Complete, has revealed it is on the acquisition trail after reporting pre-tax profits of £25.8m for 2010, up from £17m in 2009.
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60 seconds with...Michael Coogan
7 March 2011
Director-General, Council of Mortgage Lenders
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90% Mortgages will be more popular if pay rates are cut
7 March 2011
Northern Rock’s 90% LTV deal is interesting. It’s repayment-only, for first-time buyers and movers with clean credit histories and is done on affordability-based lending.
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Abbey revises its rules on fees and income evidence
7 March 2011
Abbey for Intermediaries made a number of changes to its lending policy last Friday.
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All parties should share the blame for careless lending
7 March 2011
It was interesting to read the recent story about DB Mortgages’ fine for irresponsible lending (Mortgage Strategy February 28).
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AMI membership flourishes despite market squeeze
7 March 2011
More than 90% of the industry are members of the Association of Mortgage Intermediaries it has revealed.
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Another fine mess with Europe ruling on gender pricing
7 March 2011
I was interested to learn last week that the European Court of Justice has ruled that insurance firms can no longer discriminate on the basis of sex when calculating premiums.
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Arrears problem hidden, says FSA
7 March 2011
The extensive use of forbearance strategies may be concealing the true extent of the mortgage arrears problem in the UK, according to the Financial Services Authority.
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Brokers help those the high street can't
7 March 2011
ALAN CLEARY, MANAGING DIRECTOR, PRECISE MORTGAGES
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Brokers relieved MMR changes will not be brought in before next year
7 March 2011
A declaration from the Financial Services Authority confirming that rule changes from the Mortgage Market Review will not be imple-mented before 2012 has been wel-comed by brokers.
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Buy, not rent, advice was a party pooper
7 March 2011
ROBERT WINFIELD, OPERATIONS DIRECTOR, CHARTWELL HEALTHCARE
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CAN YOU HAVE A POP TO WIN THIS BOTTLE OF MIGHTY FINE CHAMPAGNE?
7 March 2011
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Check the value of recommendations
7 March 2011
HARPAL SINGH, MANAGING DIRECTOR, CONVEYANCING ALLIANCE
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CHL Mortgages brings back ex-head of finance
7 March 2011
CHL Mortgages has reappointed Sunny Lo as finance director, six years after he left the post. Lo rejoins from Swift Advances where he has held a number of roles. He replaces Ludwig Krause.
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Commercial moves for Whiteaway Laidlaw following lender buyout
7 March 2011
Whiteaway Laidlaw Bank has bought Commercial First’s new business platform and will launch into commercial property lending this year.
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Concern grows over European regulation
7 March 2011
BOB HUNT,CHIEF EXECUTIVE, PARADIGM MORTGAGE SERVICES
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Coogan seeks fresh challenge after he leaves CML
7 March 2011
Michael Coogan, director-general of the Council of Mortgage Lenders, is leaving the trade body but could stay in the mortgage industry.
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Critical illness cover benefits children too
7 March 2011
ROGER EDWARDS, PROPOSITION DIRECTOR, BRIGHT GREY AND SCOTTISH PROVIDENT
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Crown picks Andrew Doyle to head finance
7 March 2011
Crown Mortgage Management has appointed Andrew Doyle as finance director. He will be responsible for finance and compliance, and will sit on the board of directors.
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Drawbridge is latest key appointment for Y3S
7 March 2011
Cardiff-based packager Y3S Group has become the latest key partner of Drawbridge Finance.
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Enlightened lenders want to compete on service not just rate
7 March 2011
I read with sympathy James Lindon-Travers’ letter in which he states that lenders rarely allow access to underwriters and when they do, brokers frequently discover that their experience is limited (Mortgage Strategy February 21).
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Enter Story Headline
11 Mar 2011
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Equity release does not solve everything
7 March 2011
JON KING, MANAGING DIRECTOR, MORE2LIFE
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Europe's gender ruling will force rise in premiums
7 March 2011
Lifesearch has warned insurance premiums will rise across the board following a European Court of Justice court ruling last week.
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In this mad world there are no limits on stupid decisions
7 March 2011
There are many things that legislation bans discrimination against, such as gender, age and disability.
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Industry schemes could force small conveyancers out
7 March 2011
Goldsmith Williams has warned there could be an exodus of smaller conveyancing firms because of hostility in the sector towards them.
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Ingard Financial signs deal with Brightstar
7 March 2011
Specialist distributor Brightstar Financial has agreed a strategic alliance with the Essex-based network, Ingard Financial, whose 90 advisers will have immediate access to Brightstar’s specialist lenders.
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January remortgages up on six-month average
7 March 2011
The number of remortgages rose to 33,498 in January, 10% above the six-month average of 30,407, Bank of England data reveals. Remortgages were valued at £4.2bn in January, £300m more than the six-month average.
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January's mutual lending is 38% higher than 2010
7 March 2011
Gross mortgage lending by mutuals was £1.4bn in January - 38% greater than the £1bn figure for January 2010, figures from the Building Societies Association show.
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Keep in control with just one IT system
7 March 2011
SOPHIE HALL, DISTRIBUTION, DIRECTOR INTELLIFLO
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King will not want to kill confidence
7 March 2011
GEMMA HARLE, MANAGING DIRECTOR, TENETLIME
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LAST WEEK'S WINNER
7 March 2011
“Don’t you just hate anything so slippery and shiny?” said the snake.NIGEL PAYNE, ASSURANT INTERMEDIARY
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Lay-offs at HML expected to hit 98
7 March 2011
HML is set to make 98 redundancies as a result of GMAC-RFC’s decision to move its mortgage book in-house last year.
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Leader: Talking up equity release
7 March 2011
It was great news for the equity release industry last week that Stonehaven has resumed lending.
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Lenders flout TCF principles and make tidy packet from booking and survey fees
7 March 2011
STAR LETTER
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Little improvement in number of mortgage complaints made to FOS
7 March 2011
Complaints to the Financial Om-budsman Service against mortgage lenders remained almost flat in the second half of 2010 compared with the first half of the year.
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Marketwatch
7 March 2011
Northern Rock’s 90% LTV offer for first-time buyers hit the headlines for the wrong reasons - we need such deals to keep the market moving. And Abbey has started giving service updates on its website
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Media Spotlight: Wake Up And Change Your Life
7 March 2011
By Duncan Bannatyne
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Mixed picture emerges for repossessions
7 March 2011
GARY STYLES, STRATEGY, RISK AND ECONOMICS DIRECTOR HOMETRACK
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Nationwide says house prices lifted in February
7 March 2011
House prices increased 0.3% in February, Nationwide’s latest house price index shows.
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Northern Rock and Skipton woo FTBs with high LTVs
7 March 2011
Skipton Building Society and Northern Rock both launched a range of high LTV mortgages last week, targeting the first-time buyer market.
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Nothing gets my blood boiling like squatters' rights
7 March 2011
Only in England can strangers get away with taking possession of your home with the help of legal aid
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Pointing the way to debt management
7 March 2011
JOHN FAIRHURST, MANAGING DIRECTOR, PAYPLAN
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Politicians should join policy debate
7 March 2011
JOHN HERON,MANAGING DIRECTOR, PARAGON MORTGAGES
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Prices continue sliding with 0.9% drop in February
7 March 2011
Halifax’s latest house price index shows the value of homes fell 0.9% in February, following of a 0.8% fall in prices in January.
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Property giants set aside £22.8m to tackle claims
7 March 2011
Countrywide and LSL Property Services have set aside a combined £22.8m to deal with an increase in claims from mortgage lenders that are alleging inflated valuations.
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Protection is popular among property buyers
7 March 2011
Purchasing property is the most popular reason for clients to take out a protection policy, a report by Scottish Provident finds.
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Roadshows helped firms understand MMR proposals
7 March 2011
FSA is getting the message across about forthcoming regulatory changes and fee policy to mortgage brokers
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Stonehaven comes back to equity release sector
7 March 2011
Stonehaven returned to lending in the equity release market last week, with other providers expected to follow suit this year.
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Super-complaint by CAB against rogue loan firms
7 March 2011
The Citizens Advice Bureau has lodged a super-complaint with the Office of Fair Trading and is calling for an investigation into rogue loan finders, debt management firms and a ban on certain practices.
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The Mortgage Mole
7 March 2011
DIGGING THE DIRT IN THE MORTGAGE WORLD…
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This month's decision: Hold
7 March 2011
Mortgage Strategy’s shadow Monetary Policy Committee has voted once again to hold the base rate for fear of shaking consumer confidence despite risinginflation and shrinking GDP
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Use technology tools for fraud prevention
7 March 2011
JAMES SHERWOOD-ROGERS, MANAGING DIRECTOR, QUEST
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Venturing into GI can boost income
7 March 2011
JAMES WATSON, SALES AND MARKETING DIRECTOR, PAYMENTSHIELD
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Walking the line
7 March 2011
AMI director Robert Sinclair is a busy man, what with making sure the broker’s voice is heard in the industry and dealing with the regulator and impending MMR
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Week in NUMBERS
7 March 2011
40 - the age that 38% of aspiring first-time buyers anticipate being when they purchase their first home, as revealed by Globrix.com.
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Welcome creates £110m fund to compensate for mis-selling
7 March 2011
Welcome Financial Services has set aside £110m to compensate cus-tomers who were mis-sold payment protection insurance by the firm.
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xit2 on Target to manage third party instructions
7 March 2011
Target Group has chosen xit2 to distribute and manage its instructions to third parties for property purchases, possessions and asset management.
