Mortgage Strategy
8 August 2011
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60 Seconds With...Dick Jenkins
8 August 2011
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Abbey divides us like marmite you either love it or you loathe it
8 August 2011
The story on Mortgage Strategy Online recently about Santander UK’s gross mortgage lending falling 21% prompted a number of comments criticising the lender.
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AMPD blames contracted mortgage market for its demise
8 August 2011
The Alliance of Mortgage Packagers and Distributors has closed its doors five years after it was launched.
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AR numbers are down 11% on last year
8 August 2011
At first glance, the financial networks’ performance table for Q2 could give an overall impression that things are pretty stable overall.
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Barclays blames service delays on mismatch of application details
8 August 2011
Discrepancies between electronic mortgage applications and documents posted by brokers have been causing service delays at Barclays.
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Borrowers must face up to arrears responsibility
8 August 2011
In Mortgage Strategy’s lead story last week it was revealed that the number of mortgage accounts held by Northern Rock Asset Management that were three months or more in arrears increased by 9% in the first half of 2011 compared with the first half of 2010.
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Bridging finance boom won't last, experts warn
8 August 2011
ALAN MARGOLIS, QUALITY LOANS ARE LIMITED
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Broker set to sue former client over PPI allegation
8 August 2011
A mortgage broker is looking to sue a former client for libel over claims made against him concerning the mis-selling of payment protection insurance.
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CAN YOU HAVE A POP TO WIN THIS BOTTLE OF MIGHTY FINE CHAMPAGNE?
8 August 2011
CHL’s managing director Bob Young congratulates nine members of his staff on getting their leadership qualification
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Carlisle broker given three years prison for fraud
8 August 2011
A Carlisle mortgage broker has been sentenced to three years in jail after pleading guilty to 20 offences of fraud and one offence of money laundering.
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Cheap remortgage bandwagon rolls on
8 August 2011
DAVID FINLAY, MANAGING DIRECTOR FOR MORTGAGES, BARCLAYS
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Clients want proof of financial stability
8 August 2011
RICHARD SEXTON, BUSINESS DEVELOPMENT DIRECTOR, E.SURV
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Common sense does not rule for those at the top of the ladder
8 August 2011
We do little insurance business as most of our mortgages are buy-to-let so we have not had a claim. FOS charges £500 per case, but surely there can’t be a charge if there is no case to answer?
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First RMBS issue for Principality as Moody's upgrades society's rating
8 August 2011
Principality Building Society has made its debut into the securitisation market with a £686m issue.
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Gross lending on track to hit its £140bn target
8 August 2011
Gross lending is still on track to hit £140bn in 2011, despite the top three lenders slashing their business, the Council of Mortgage Lenders says.
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High FSA fees and consolidation to blame as AR numbers slump
8 August 2011
More than 800 appointed representatives have left the mortgage market in the past 12 months, Financial Services Authority figures show.
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HSBC lending head to chair CML
8 August 2011
Martijn van der Heijden, head of lending at HSBC, has been appointed chairman of the Council of Mortgage Lenders.
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Intermediaries take 90% of Skipton lending
8 August 2011
Skipton Building Society did 90% of its mortgage lending through intermediaries in the first half of this year, up from 86% in 2010 overall.
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It’s time to think positive about recovery
8 August 2011
Gloom has engulfed the industry but house prices could stabilise this year meaning lenders would feel better about offering more funds and innovative products, and we could escape the negative mindset we are in
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It's mad we have to pay £500 even if PPI claims are spurious
8 August 2011
I sympathise with some of the comments left on Mortgage Strategy Online in the wake of the story that in Q2 2011 alone there were 56,025 complaints made regarding PPI.
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July valuations see year-on-year increase of 47%
8 August 2011
The number of valuations conducted in July rose by 47% compared with the same month in 2010, according to the latest housing market activity report by Connells Survey and Valuation.
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Just Retirement notches up sales of £350.1m in Q2
8 August 2011
Just Retirement has reported new business sales of £350.1m for the three months to the end of June, a 23.6% increase on the same period last year.
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LAST WEEK’S WINNER
8 August 2011
RICHARD FITZPATRICKPRINCIPAL, IMA ASSOCIATES“This is the easiest spot the ball competition ever!”
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Leader: PPI claims boom hits brokers
8 August 2011
If you’ve been ill recently, work from home or just been pottering around with the kids over the holiday season, then you will probably have experienced one of the banes of modern life - the financial claims firm phone call.
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LSL still buying as it reveals pre-tax profits of £6.5m
8 August 2011
LSL Property Services has reported pre-tax profits of £6.5m for the first six months of the year and reveals it is still on the acquisition trail.
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Marketwatch
8 August 2011
It was ups and downs for the leading lenders as they revealed their gross figures, but meanwhile brokers put their weight behind a push towards fixed rate deals and Halifax handed the industry a useful gift
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Media Spotlight: Affluenza
8 August 2011
By Oliver James
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Meet clients to sell protection benefits
8 August 2011
ROGER EDWARDS, PROPOSITION DIRECTOR, BRIGHT GREY & SCOTTISH PROVIDENT
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MoJ should step in to stop all the false complaints on PPI
8 August 2011
I was interested to read last week that the Financial Ombudsman Service received 56,025 complaints relating to the mis-selling of payment protection insurance between April and June 2011.
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Money Partners pair join Omni
8 August 2011
Former Money Partners duo Bob Sturges and Jim Nash have joined Omni Capital.
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Protection is vital as not everyone has rich friends to help
8 August 2011
With regard to the recent comments on Mortgage Strategy Online that Bright Grey’s column on Danny Baker’s recent cancer scare was in poor taste, I couldn’t disagree more.
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Self-build issues have been created by those with vested interests
8 August 2011
I was interested to read Jason Orme’s recent article regarding housing minister Grant Shapps’ comments at a pre-launch briefing of proposals to help transform the self-build sector.
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Set to blow
8 August 2011
With forbearance measures under scrutiny from a regulator worried about the true level of arrears being masked, the debt time bomb could soon be set alight if lenders’ policies change and interest rates rise
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Small lenders under the cosh on income criteria
8 August 2011
Smaller buy-to-let lenders are under pressure to scrap their minimum income requirements to compete with bigger players, according to industry commentators.
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Survey shows brokers do not expect the base rate to rise until next year
8 August 2011
The Bank of England’s Monetary Policy Committee voted to maintain the base rate at 0.5% for the 29th consecutive month last week, with brokers predicting a rise is not on the cards until next year.
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The Mortgage Mole
8 August 2011
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Threatening to sue clients of ambulance chasers is only option
8 August 2011
If a complaint comes in about a non-existent life policy to one of my IFA clients I now write direct to the complainant telling them that if their ambulance chaser takes the matter to FOS they can expect the IFA to sue them personally for all costs incurred.
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Two lenders face FSA probe for unfair treatment
8 August 2011
The Financial Services Authority is investigating two lenders for unfair treatment of customers in arrears, Mortgage Strategy can reveal.
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Vital to know what's around the corner
8 August 2011
SOPHIE HALL, DISTRIBUTION DIRECTOR, INTELLIFLO
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Warning on repossession hike this year
8 August 2011
The number of borrowers in arrears or at risk of repossession will increase in the second half of this year, according to the Association of Arrears Mediators.
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Week in NUMBERS
8 August 2011
5% The percentage fall of the FTSE 100 in a single day last Thursday after fears about European debt levels.
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Wrong perceptions are holding back mortgage market
8 August 2011
The Bank of England last week revealed that lending secured on property fell by £100m in June, compared with a previous six-month average increase of £800m.
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Yorkshire tests B2L water with limited offering
8 August 2011
JEREMY LAW, MANAGEABLE ENTRY TO SECTOR
