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Cover Story
Making waves
Charles Haresnape took Aldermore boldly where no other lender was going and launched a 100% LTV product. As managing director of residential mortgages, he has set his sights firmly on further innovation this year
News
MS Leader: Rent-back breathes its last
The Financial Services Authority effectively gave last rites to the sale-and-rent-back market last week with its pronouncement that the market has shut its doors.
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Paymentshield to be sued for slashing commission
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Which? poaches John Charcol's mortgage boss
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Aldermore plans second parent-based 100% deal
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UK could keep KFI as it clears European hurdle
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Rent-back future in doubt after FSA discovers fraud in sector
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AMI hits out at FSA's 2% hike in broker fees
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Castle Trust still waiting to hear from regulator on authorisation
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Shelter backs CML's call for SMI to be paid at individual mortgage rates
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Portillion expects to name chief financial officer soon
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Barclays slashes £500 off fees for 75% B2L mortgages
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Halifax's new-build LTV hike to 90% is welcomed
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Santander net lending dives by 80%
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Specialist lending rose 44% in 2011
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Shapps says MIG won't distort new-build values
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Indian bank is on course for August mortgage launch
Analysis
FTB figures show remarkable resilience
Welcome to 2012 and my first article of the year. This time I thought I’d have a look at some topics that have already caught my eye. Probably the biggest and most significant piece of news to affect the industry recently is Halifax’s decision to move the LTV for certain developers on new-build houses to 90%. The move is a major breakthrough for mortgage customers, brokers and developers.
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New levy will scare off home builders
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Closure of this profitable lender is surreal
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Don't be so fast to let technology take over
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Interest charges may cost your clients dear
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Remember brokers, it ain't what you do
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Keep track of income to remain motivated
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Ensure clients avoid extra solicitor fees
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Marketwatch
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Short-term loans fill the mainstream gap
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Realistic older people facilitate frank advice
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Working to boost our broker relationships
Features
Shadow MPC - February
With the stage set for a further round of quantitative easing Mortgage Strategy’s shadow Monetary Policy Committee sticks with its vote to hold. But if it is to avoid inflation problems later the government must time its ending of QE carefully
Week in numbers
7% - The amount Loughborough’s gross mortgage lending rose in 2011.
The Mortgage Mole
Fees Faff The press office at the Financial Services Authority made a faux pas last week when deputy editor Natalie Thomas telephoned to ask about its funding requirement for 2012/13.












