Mortgage Strategy
9 November 2009
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60 seconds with.....Michael Coogan
9 November 2009
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62 Staff face axe at Paymentshield
9 November 2009
Paymentshield is looking to cut its workforce by 20%, with 62 members of staff in consultation.
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65% of mortgage clients want to talk to advisers
9 November 2009
A YouGov survey for Deloitte has revealed that 65% of consumers would only take out a mortgage after meeting an adviser face-to-face.
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Accord restricts product access to selected firms within distributors
9 November 2009
Accord Mortgages has curbed access to its deals to a set number of companies within the nine distributors it deals with.
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Boost your business at this week's Expo
9 November 2009
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Borrowers warned on non-refundable fees
9 November 2009
Borrowers are being urged to watch out for non-refundable booking fees which could cost them as much as £999 even if their mortgage application is rejected, says Evaluate Technologies.
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Brokers sold 14% of Bank of China mortgage deals
9 November 2009
Brokers account for 14% of all completions so far at Bank of China (UK), four months after the lender entered the UK mortgage market.
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CAN YOU HAVE A POP TO WIN THIS POSH MONTBLANC ROLLERBALL PEN?
9 November 2009
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Clients keep faith with low base rate
9 November 2009
In a previous column I discussed broker attitudes towards fixed rate and tracker deals amid the debate over the future of the Bank of England base rate.
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Consumer sourcing system is unlikely to drive clients away
9 November 2009
I was interested to see the responses to Mortgage Brain’s launch of a business-to-consumer sourcing system last week.
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Crunch munch
9 November 2009
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Developing local demand
9 November 2009
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Equity release is still competitive
9 November 2009
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Estate agents make profitable partners
9 November 2009
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Everyone must be catered for in the financial future
9 November 2009
As the authorities repaint the financial landscape we must ensure everyone is in the picture, not only the rich
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FSA blocking would-be lenders from the market
9 November 2009
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FSA plans may stifle remortgaging, warns Moody's
9 November 2009
The Financial Service Authority’s proposals in its Mortgage Market Review could leave many borrow- ers unable to remortgage due to stringent affordability and income verification tests, says Moody’s.
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FSA should go back to the drawing board
9 November 2009
Unlike the three-letter acronym we are familiar with following the autism scare a few years ago the Mortgage Market Review discussion paper recently published by the Financial Services Authority falls short of protecting us.
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FSA tries to drum up happy headlines
9 November 2009
I’m starting to wonder about the Financial Services Authority’s true motives after GMAC-RFC got hit with a £2.8m fine last month.
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Fund to help with deposits launched
9 November 2009
A £500m residential property fund has been launched to help first-time buyers stump up the hefty deposits they now need to buy properties.The Investors in Housing Fund is the brainchild of specialist pro-perty investment firm Mill Group. The initiative is called co-investment and is being touted as a new model for home ownership whereby buyers acquire a share of between 25% and 50% of the property with the fund buying the rest.
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GEMHL unveils purchase range
9 November 2009
GE Money Home Lending will re-enter the purchase market through its igroup brand at the Mortgage Business Expo this week.
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Guarding against a surveyor shortfall
9 November 2009
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House prices rise for fourth month running
9 November 2009
House prices rose 1.2% in October marking the fourth consecutive month of increases, the latest Halifax House Price Index shows.
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Industry will have to monitor the side effects of MMR jab
9 November 2009
There has been much debate about the combined MMR vaccination over the years and now our industry finds itself in the same position with the Financial Services Authority’s Mortgage Market Review.
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Innovation takes centre stage at Expo this week
9 November 2009
Exhibitors are gearing up to showcase their latest broker products at the Mortgage Business Expo this week. The industry event will feature more than 60 exhibitors including lenders and firms offering a range of mortgage-related services. In addition to the more traditional diversification options brokers can also learn about unusual income streams such as currency trading. The Expo is being held at Olympia in London on November 11 and 12.
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It's wrong to push clients down the fast-track route
9 November 2009
Under Financial Services Authority rules it has always been brokers’ responsibility to ensure that income disclosed is accurate.
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Joe Public loses out as bonus row rages
9 November 2009
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L&G Mortgage Club celebrates 15th anniversary
12 Nov 2009
Legal & General Mortgage Club, the UK mortgage market’s first mortgage club, is launching a campaign to celebrate its 15th anniversary.
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L&G Mortgage Club to offer Tiuta B2L loan via Omega
11 Nov 2009
Legal & General Mortgage Club is to offer its members Tiuta’s three-year, fixed rate, buy-to-let commercial loan through Omega, one of its commercial loan partners.
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Last week's winner
9 November 2009
Alan Richards Source Software
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Lenders would have dropped self-cert if arrears were high
9 November 2009
I have been interested to read all the recent comments concerning the FSA’s recent review and its implications for self-cert.
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Lloyds group and RBS are ordered to shed assets to boost competition
9 November 2009
Lloyds Banking Group and the Royal Bank of Scotland will have to offload a significant proportion of their retail and corporate banking assets in the next four years under plans announced last week.
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Marketwatch 9.11.2009
9 November 2009
The industry is divided over self-cert but I am a supporter as long as it is properly underwritten and advised. So it was sad to see Platform pull out of the market last week
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Media Spotlight: The Choice - Michael Buerk interviews Paul Moore, BBC Radio 4
9 November 2009
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Mortgage Brain to unveil system
9 November 2009
Mortgage Brain is using four stands at this week’s Mortgage Business Expo to promote its new sourcing system which allows brokers to work both online and offline.
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Mortgage Brain's facility is no threat to our business
9 November 2009
Regarding the launch of Mortgage Brain’s business-to-consumer sourcing system there are already plenty of such public systems available, not least the one on the FSA’s website, so why is everyone getting so upset?
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MPC ramps up stimulus fund by £25bn as it keeps base rate on ice
9 November 2009
The Bank of England’s Monetary Policy Committee has decided to expand its quantitative easing budget to £200bn, while keeping the base rate on hold.
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MPC ramps up stimulus fund by £25bn as it keeps base rate on ice
9 November 2009
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Personal insolvencies saw 28% jump year-on-year in Q3
9 November 2009
The number of people declaring themselves insolvent in Q3 2009 rose 28.2% compared with the same time last year, figures from The Insolvency Service reveal.
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Poor millionaires
9 November 2009
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Poor underwriting helped me decide to quit after 30 years
9 November 2009
I am writing partly in response to the recent article by Ricky Okey, managing director of Abbey for Intermediaries and Alliance & Leicester intermediary sales, in which he states that brokers will soon see a new dawn in service standards (Mortgage Strategy September 21).
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Posties chose a bad time to get bolshie
9 November 2009
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Quarter of all landlords saw no profit in Q3
9 November 2009
A quarter of all landlords either broke even or made a loss in Q3 2009, a survey from BDRC reveals.
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Question mark over Beacon and self-cert
9 November 2009
Mystery surrounds whether Beacon Homeloans is still offering self-cert in the wake of Platform withdrawing from the self-cert sector.
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RBS confident despite £2bn Q3 loss
9 November 2009
The Royal Bank of Scotland has reported a pre-tax loss of £2.08bn for the three months to September 30.
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Retaining booking fees for rejected cases is immoral
9 November 2009
I was interested to read the story on how non-refundable booking fees could cost clients as much as £999 even if their mortgage application is rejected (Mortgage Strategy Online).
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Room for improvement
9 November 2009
Credit scoring is in the spotlight as the regulator proposes more comprehensive affordability checking but the present model is far from perfect, with questions of transparency and data sharing yet to be resolved
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Scheme benefits landlords
9 November 2009
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Some sellers keep quiet about their noisy neighbours
9 November 2009
Vendors should disclose problems with neighbours but some take a risk to prevent sales falling through
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Songs for heroes
9 November 2009
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Sparring spouses
9 November 2009
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Speak up at this week's Expo
9 November 2009
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Spicerhaart financial division joins Sesame
9 November 2009
Spicerhaart is spreading its wings beyond estate agency by linking its financial services division with network giant Sesame.
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TCF should feature in feedback process
9 November 2009
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The lunatics have taken over the regulatory asylum
9 November 2009
The need for a return of specialist lenders has never been greater and yet the chance of this happening has never been lower due to the myopic view of the Financial Services Authority in its Mortgage Market Review.
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The regulator will polish off self-cert with bureaucracy
9 November 2009
Self-cert won’t be ended by the FSA’s proposed ban but by compliance oversight measures included in its review
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TrigoldCrystal to launch integrated checks service
11 Nov 2009
TrigoldCrystal is to launch an anti-money laundering, valuation and credit check service in the New Year.
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Value of brokers is still recognised by many lenders
9 November 2009
Advisers still account for half of all mortgage lending and lenders realise they need to nurture this channel
