Mortgage Strategy
Online - April 2011
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£210m FirstBuy scheme launched by the HCA
5 Apr 2011
A FirstBuy Prospectus has been published by the Homes and Communities Agency today, setting out more detail on the new equity loan affordable home ownership scheme announced in the Budget.
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1% rate rise would prompt just 10% of borrowers to remortgage
4 Apr 2011
Just 10% of mortgage holders who have come to the end of their current deal would definitely look for a new deal if interest rates rose by 1%, research carried out on behalf of First Direct shows.
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22% of homeowners unaware of rate rise impact
11 Apr 2011
22% of homeowners do not know what would happen to their monthly mortgage payments if the base rate was to rise, research from unbiased.co.uk shows.
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40% of suitable borrowers not offered offset by advisers
6 Apr 2011
Up to 10 million homeowners may be missing out on making the most of their savings with an offset mortgage, Yorkshire Building Society claims.
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Abbey launches exclusive deal for current account holders
26 Apr 2011
Abbey for Intermediaries has launched a two-year fixed rate deal available exclusively to home buyers with a Santander current account as part of a revamp of its mortgage range.
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Abbey reduces rates by up to 0.16%
7 Apr 2011
Abbey for Intermediaries is reducing a number of rates across its mortgage range with effect from tomorrow.
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Aldermore increases deposits by 176% in last year
5 Apr 2011
Aldermore has increased deposits by 176% in the last year, from £229.6m at the end of 2009 to £633.6m at the end of 2010.
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Aldermore launches limited edition discount rate deal
4 Apr 2011
Aldermore has today launched a limited edition residential mortgage at 3.48% on a two-year discount rate.
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Almost half of brokers boost BTL business in Q1
14 Apr 2011
Nearly half of mortgage intermediaries reported an increase in buy-to-let business during the first quarter of the year, Paragon Mortgages’ research has found.
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AMI: arrears will rise with unemployment
19 Apr 2011
The number of people in long-term mortgage arrears is likely to increase in line with predicted rises in unemployment and interest rates, warns the Association of Mortgage Intermediaries in its latest Quarterly Economic Bulletin.
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Application fees rise by 15% in 18 months
4 Apr 2011
Mortgage application fees have increased significantly over the last 18 months, research from moneysupermarket.com shows.
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Average LTV at highest level for three years
8 Apr 2011
The average LTV is at its highest level for three years, breaking the 60% barrier for the first time since April 2008, shows e.surv’s mortgage monitor.
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B2L investors replacing FTBs, says Assetz
21 Apr 2011
Buy-to-let investors with large cash deposits are replacing first-time buyers as risk-averse lenders return to the buy-to-let sector, claims Assetz.
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Banks lose battle with the FSA
20 Apr 2011
The High Court has ruled today in favour of the Financial Services Authority in relation to the mis-selling of Payment Protection Insurance.
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Banks well placed to cope with end of SLS
14 Apr 2011
Banks are well equipped to raise funding once the Special Liquidity Scheme starts to wind down this year, says Paul Fisher, executive director of markets at the Bank of England.
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Barclays cuts mortgage rates
20 Apr 2011
Barclays will tomorrow cut rates on its Woolwich tracker and fixed rate mortgages by up to 0.32%.
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Barclays cuts offset mortgage rates
5 Apr 2011
Barclays is reducing rates on its Woolwich offset mortgages by up to 0.5% from today.
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Barclays pre-tax profits down 9%
27 Apr 2011
Barclays pre-tax profits fell by 9% in Q1 2011 compared to Q1 2010, the bank’s interim management statement shows.
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BM Solutions revamps B2L range
20 Apr 2011
BM Solutions has today launched market-leading products in its revamped buy-to-let range.
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Bridgewater launches first sales aid for advisers
4 Apr 2011
Bridgewater Equity Release has today launched a technical sales aid designed to help advisers and their clients better understand the issues involved in transferring property ownership.
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Brightstar adds Prestige Finance to panel
18 Apr 2011
Brightstar Financial has added second charge mortgage lender Prestige Finance to its Premier panel.
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Brilliant launches fixed rate deals with Newcastle BS
11 Apr 2011
Brilliant Solutions has launched a series of fixed rate deals with Newcastle Building Society.
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Brokers choose charities for debt advice
21 Apr 2011
Almost 70% of intermediaries would prefer to introduce their client to a debt charity than to a for-profit organisation for debt advice, a survey carried out by Debt Support Trust reveals.
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Brokers not engaging in regulatory debate, says CML
5 Apr 2011
The Council of Mortgage Lenders has claimed intermediaries are not engaging in the regulatory debate, following research that shows 92% of brokers had not responded to the Financial Services Authority or other trade body on its Distribution and Disclosure proposals.
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Brokers not tipping off FSA on fraud at lenders
11 Apr 2011
Only seven mortgage brokers have reported suspected fraudulent activity by lenders to the Financial Services Authority in the last seven years.
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Capital value of rental homes increased 12% in Q1
13 Apr 2011
The private rental sector was boosted by an influx of higher value property in Q1 of 2011, research from the Association of Residential Letting Agents shows.
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CB Richard Ellis teams up with Countrywide
8 Apr 2011
CB Richard Ellis and Countrywide have signed an agreement to combine resources.
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CHL arrears down 45% year-on-year
21 Apr 2011
CHL Mortgages has revealed its arrears levels across its buy-to-let mortgage book are back to 2008 levels.
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Chorley Building Society teams up with AToM
13 Apr 2011
AToM has been appointed to the limited distribution panel for Chorley Building Society.
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Clydesdale & Yorkshire halve arrangement fees
26 Apr 2011
Clydesdale & Yorkshire Banks are halving arrangement fees on a number of products for any borrowers taking out a new mortgage or switching before July 2 2011.
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CML Northern Ireland appoints chairman
12 Apr 2011
The Council of Mortgage Lenders Northern Ireland has appointed Derek Wilson, head of lending products at Ulster Bank, as its new chairman.
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CML urges conveyancers to join CQS
4 Apr 2011
Conveyancers are being urged to join the Law Society’s Conveyancing Quality Scheme amid warnings accreditation will soon become a standard expectation.
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Complete FS adds Precise to lending panel
8 Apr 2011
Southampton-based distributor and packager Complete FS has added Precise Mortgages to its lending panel.
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Connect Overseas launches foreign exchange services
19 Apr 2011
International mortgage specialist Connect Overseas has formed a partnership with Moneycorp to provide foreign exchange services to its intermediaries and their customers.
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Conti France launches
14 Apr 2011
Conti has entered into a joint venture with CAFPI, a French mortgage broker, to create Conti France.
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Conveyancers urged to tackle mortgage fraud
18 Apr 2011
Conveyancers need to do more to tackle mortgage fraud if they wish to remain on lenders’ panels, claims Eddie Goldsmith, chairman of the Conveyancing Association.
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Cost of average FTB home increases seven fold in a generation
12 Apr 2011
The children of baby boomers will have to pay seven times the price their parents did to get on the housing ladder, according to research from Safe Home Income Plans.
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Countrywide acquires four rental businesses in Q1
18 Apr 2011
Countrywide acquired four rental businesses in Q1 of 2011 as part of its continued expansion plans.
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Countrywide buys Mortgage Intelligence
4 Apr 2011
Countrywide has today announced that it has bought Bournemouth-based network Mortgage Intelligence.
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Coventry BS launches deals up to 80% LTV
8 Apr 2011
Coventry Building Society has launched a number of residential fixed and variable products.
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Coventry Intermediaries launches deals from 1.99%
28 Apr 2011
Coventry Intermediaries has launched a number of new deals, including a 2.99% flexx for term product with a 1% discount until June 30 2013 at 60% LTV.
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Debt charity warns of rise in mortgage arrears
6 Apr 2011
National debt charity Consumer Credit Counselling Service has warned that many homeowners will struggle to keep the roof over their heads this year.
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Demand for property dipped slightly in March
12 Apr 2011
The UK housing market remained flat in March, with demand for property falling slightly and sales levels staying low, the latest UK Housing Market survey from the Royal Institution of Chartered Surveyors shows.
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Drawbridge rebrands to Dragonfly
4 Apr 2011
Drawbridge Finance has today rebranded as Dragonfly Property Finance and cut a number of its rates.
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Financial services fraud up 11% in 2010
13 Apr 2011
Fraud attempts against financial services providers increased by 11% in 2010, a report from Experian reveals.
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First 4 Bridging adds Masthaven to lending panel
12 Apr 2011
First 4 Bridging has added Masthaven Bridging Finance to its panel of lenders.
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Fixed rate purchases fell back in March
21 Apr 2011
Fixed rate products fell back to 49.9% of purchases in March following their peak of 56% in February, the latest mortgage index from John Charcol shows.
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Former sub-prime lenders facing arrears time bomb
18 Apr 2011
Former sub-prime lenders have up to 30% of their book in arrears, sparking fears they are sitting on a ticking time bomb once interest rates rise.
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Four more senior staff exit Tiuta
4 Apr 2011
Mortgage Strategy understands that bridging lender Tiuta’s head of marketing Stuart Brumhill and head of business development Guy Garrard have both today left the firm.
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FSA and HM Treasury publish consultation on covered bond regulation
6 Apr 2011
The Financial Services Authority and HM Treasury have published a joint review of the UK’s covered bond regulation.
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FSA bans four more brokers for mortgage fraud
19 Apr 2011
The Financial Services Authority has banned four mortgage intermediaries and imposed fines totalling £450,000 for knowingly using misleading and inaccurate information to secure mortgages.
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FSA cancels adviser’s permissions over unpaid CCJs
6 Apr 2011
The Financial Services Authority has cancelled the permissions of Elaine MacCormack, trading as EPM Financial Services, because of outstanding County Court judgements of up to £531,224.
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FSA fines N&P £1.4m and agrees £51m for customers
18 Apr 2011
The Financial Services Authority has fined Norwich and Peterborough Building Society £1.4m for failing to give its customers suitable advice in relation to the sale of Keydata products
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FSA fines treble to £97m
11 Apr 2011
The FSA has trebled the value of fines it has collected from financial services businesses in just one year from £33.1m to £96.7m, says City law firm Reynolds Porter Chamberlain LLP.
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FSA issues warning on no cost property income plans
12 Apr 2011
The Financial Services Authority has warned consumers who are considering using their property to generate an income to be cautious about products that offer a no cost way of doing this.
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GDP up 0.5% in Q1
27 Apr 2011
The UK’s gross domestic product rose by 0.5% in Q1 2011, following a fall of 0.5% in Q4 2010.
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GI sales up 11% in Q1
18 Apr 2011
Total sales of general insurance increased by 11% in Q1 of 2011 among members of The Mortgage Alliance, research from the club shows.
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Grant Shapps supports rent-to-buy scheme
4 Apr 2011
A new rent-to-buy property website has met with the approval of housing minister Grant Shapps.
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Gross mortgage lending down 11% annually in March
27 Apr 2011
The banks’ gross mortgage lending was £7.7bn in March, 11% lower than March 2010 and slightly down on the recent six month average of £7.9bn, data from the British Bankers’ Association shows.
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Gross mortgage lending up 21% in March
20 Apr 2011
Gross mortgage lending was an estimated £11.3bn in March, a 21% rise from £9.3bn in February, Council of Mortgage Lenders’ data shows.
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HML urges firms to engage with standby servicer
19 Apr 2011
HML is urging UK financial institutions currently rated Baa3 by Moody’s to engage with a standby servicer, as the rating agency prepares to reassess its ratings, resulting in possible downgrades.
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House prices rose 0.1% in March
6 Apr 2011
House prices rose by 0.1% in March, taking the average house price to £162,912, the latest Halifax house price index shows.
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House prices up marginally in Q1 2011
19 Apr 2011
The average UK house price increased by 0.67% in Q1 of 2011 to reach £197,153, according to Azzetz House Price Watch.
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House sales fall 47% in 3 years
4 Apr 2011
Property sales have almost halved in the last three years amid a widening north-south divide, research by Lloyds TSB reveals.
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House sales surge 23% in March
1 Apr 2011
Agency Express’s Property Activity Index for March shows monthly house sales were up 23%.
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Housing equity withdrawal falls to -£7bn
4 Apr 2011
Housing equity withdrawal was -£7bn for the fourth quarter of 2010, down from -£6.6bn for the previous quarter, data from the Bank of England shows.
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HSBC offers fee-free trackers with fix option
11 Apr 2011
HSBC is scrapping the booking fee, standard valuation fee and completion fee for those looking to switch to a tracker mortgage from another lender until June 5.
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ICB proposes ring-fencing retail banking
11 Apr 2011
The Independent Commission on Banking is considering ring-fencing the retail operations of UK banks, it says in its interim report published today.
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ICB report ‘could force banks to move HQs out of UK’
11 Apr 2011
Proposals in the Independent Commission on Banking’s interim report for an equity surcharge of 3% above Basel III requirements could prompt two banks to move their headquarters out of the UK, it has been claimed.
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IMF calls for LTV caps
7 Apr 2011
The International Monetary Fund is calling for limits on LTV ratios and for higher LTVs to only be made available to those who purchase mortgage insurance.
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Inflation falls to 4% in March
12 Apr 2011
The UK Consumer Prices Index annual rate of inflation fell to 4% in March, down from 4.4% in February, figures from the Office of National Statistics show.
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Inflation is key issue for UK economy, says Sentance
26 Apr 2011
Inflation remains the key issue for the UK economy, says Monetary policy Committee member Andrew Sentance.
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ING Direct launches with Sesame
26 Apr 2011
Sesame has announced it is delighted to launch with lender ING Direct.
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ING Direct removes fees on fixed rates
13 Apr 2011
ING Direct has temporarily removed all product and arrangement fees on its range of two, three and five-year fixed rate mortgage deals.
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Interest rates kept on hold at 0.5%
7 Apr 2011
The Bank of England’s Monetary Policy Committee has kept the base rate on hold at 0.5%.
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Ipswich BS launches e-mortgage service
11 Apr 2011
Ipswich Building Society has launched an e-mortgage service for intermediaries that aims to give them greater flexibility over their applications.
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Just Retirement’s equity release advances up 20%
11 Apr 2011
Just Retirement has announced a record increase in value of new business of 76.5% year-on-year in its interim results.
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Kensington launches FTB 85% LTV deal
18 Apr 2011
Kensington has launched a new range of first-time buyer loans, with a maximum LTV of 85%.
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Leeds BS launches 2-year discount mortgage at 2.85%
7 Apr 2011
Leeds Building Society has launched a two-year discount mortgage at 2.85% available up to 75% loan-to-value.
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Leeds BS launches shared ownership deal up to 95% borrower share
11 Apr 2011
Leeds Building Society has launched a shared ownership mortgage product designed for first-time buyers that is available up to 95% borrower share.
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Lloyds ‘poised to sell Scottish Widows insurance arm’
26 Apr 2011
Lloyds Banking Group is preparing to sell its Scottish Widows insurance business as part of an overhaul planned by new chief executive Antonio Horta-Osorio.
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Lloyds Banking Group sheds 325 jobs
14 Apr 2011
Lloyds Banking Group is to shed a further 325 roles in its business support functions within its wholesale and group operations divisions.
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Lloyds' broker head seconded to branch network
13 Apr 2011
Peter Curran, head of intermediary distribution at Lloyds Banking Group, has been placed on secondment to Lloyds TSB.
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Lloyds increases interest-only loan cap to £1m
15 Apr 2011
Lloyds Banking Group has increased the maximum loan amount on interest-only deals taken out in branch from £500,000 to £1m.
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Lloyds names mortgage sales bosses
15 Apr 2011
Lloyds Banking Group has retained Ian Wilson, head of sales at Halifax Intermediaries, Phil Rickards, head of sales at BM Solutions and head of national accounts Maria Harris, after asking them to reapply for their jobs.
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Lloyds tells top staff to reapply for their jobs
11 Apr 2011
Lloyds Banking Group has asked its three mortgage heads of sales and head of national accounts to reapply for their jobs as part of its streamlining of the business.
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Lloyds to refurbish property assets with Grainger
26 Apr 2011
Lloyds Banking Group is to partner with residential landlord Grainger in order to restore the value of thousands of non-performing mortgages.
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Luton man ordered to repay £67,131 after mortgage fraud
12 Apr 2011
Mohammed Wasi Sheikh, 47, of Northview Road, Luton was ordered to re-pay the money from his fraudulent activities by Luton Crown Court on Friday.
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Manor appoints sales manager
15 Apr 2011
Manor Mortgages has appointed John Bennett as sales manager covering the North West of England.
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Mansion tax will never happen, says property lawyer
11 Apr 2011
The so-called ‘mansion tax’ on properties over £1m would be impossible to enforce and will never come to fruition, says a property lawyer.
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Martin Davis to leave Openwork later in the year
18 Apr 2011
Openwork chief executive Martin Davis is to leave the network later in the year to assume a new role outside the distribution sector.
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Matrix Solutions launches analytics application for lenders
5 Apr 2011
Matrix Solutions has today launched an online analytics application designed to help mortgage lenders convert statistics into business intelligence.
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Moneyfacts teams up with Openwork
19 Apr 2011
Moneyfacts.co.uk has selected The Ark Financial Leads to provide its new Speak to an adviser mortgage lead program, with Openwork as its fulfillment partner.
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More 2 Life increases market share to 6%
20 Apr 2011
More 2 Life has claimed a 6% share of the equity release market, making it the third biggest lender in the sector.
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More brokers placing secured loans over remortgage deals
27 Apr 2011
Portal Portfolio has seen a rise of over 100% in brokers seeking secured loans for their clients as opposed to remortgage deals, the firm claims.
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More landlords report tenant demand growth in Q1
26 Apr 2011
Almost half of landlords reported that tenant demand rose during Q1 2011, Paragon’s Private Rented Sector Trends Report reveals.
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Mortgage lending up 8% in February
8 Apr 2011
Mortgage lending increased slightly in February following a particularly lacklustre January, data from the Council of Mortgage Lenders shows.
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Mortgage market will remain stagnant until 2014, says Datamonitor
19 Apr 2011
The mortgage market will not see significant growth until 2014, says a report by Datamonitor.
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Mortgage products up 123% year-on-year
6 Apr 2011
The number of mortgage products available to UK mortgage intermediaries has broken the 10,000 mark, representing a 123% increase compared to this time last year.
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N&P appoints Anne Gunther as new chief executive
19 Apr 2011
Norwich & Peterborough Building Society has appointed Anne Gunther, the former chief executive of Standard Life Bank as its new chief executive.
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Nationwide reduces three-year fixed rate mortgages
14 Apr 2011
Nationwide is to decrease the interest rates of all its three-year fixed rate mortgages by up to 0.2% on Friday.
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Nationwide restricts interest-only to 75% LTV
5 Apr 2011
Nationwide and The Mortgage Works are restricting interest-only mortgages to 75% LTV for residential loans from tomorrow.
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NatWest to handle all pre-sale enquiries by instant messaging service
27 Apr 2011
From May 3 NatWest Intermediary Solutions will handle all pre-sale mortgage enquiries by its instant messaging service LiveTALK and they will no longer be dealt with over the phone.
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No change in MPC members voting for rate rise
20 Apr 2011
Three members of the Monetary Policy Committee voted for a rate rise in April, the same number as March, show the latest minutes.
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No.thanks&hah.com - Re: Lies
19 Apr 2011
It is always interesting for me to get feedback on some of the things I write, positive or negative, and often the most interesting part of any article is not the article itself, but the comments section.
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Northern Rock revamps buy-to-let range
18 Apr 2011
Northern Rock has launched a number of new buy-to-let products and reduced rates on its existing deals.
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Number of B2L products doubles in a year
6 Apr 2011
There were more than double the number of buy-to-let mortgage products available in Q1 of 2011 than in Q1 of 2010, the latest Complex Buy-to-Let Index from Mortgages for Business shows.
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OFT revokes firms’ licences for misleading mailouts
15 Apr 2011
The Office of Fair Trading has revoked the consumer credit licences of four businesses for sending out misleading mailings claiming the recipients may have been mis-sold an Individual Voluntary Arrangement.
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OFT shuts 19 unlicensed lead generation firms
8 Apr 2011
The Office of Fair Trading has closed 19 unlicensed lead generation websites.
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Ongoing banking problems will help to keep interest rates low
14 Apr 2011
Yesterday in the US a Republican Senator, Tom Coburn, who co-authored a new US Senate panel report on the banking crisis, said, “Blame for this mess lies everywhere – from the Federal regulators who cast a blind eye, Wall Street bankers who let greed run wild, and members of Congress who failed to provide oversight.”
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Paradigm adds Manchester to panel
14 Apr 2011
Paradigm Mortgage Services has added Manchester Building Society to both its own lender panel for directly authorised firms plus that of Paradigm Financial Advisers, the network service for appointed representatives.
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Paradigm teams up with The Debt Advisor
19 Apr 2011
Paradigm Mortgage Services has formed a partnership with The Debt Advisor, under which its members will be able to refer clients to the debt advice service.
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Paradigm urges lenders to develop innovative FTB schemes
4 Apr 2011
Lenders need to develop innovative first-time buyer schemes for those who are not eligible for the government’s new FirstBuy initiative, according to Paradigm Mortgage Services.
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Paragon launches fixed rate deals
21 Apr 2011
Paragon Mortgages has launched three fixed rate products aimed at professional landlords.
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Paragon relaunches Mortgage Trust
18 Apr 2011
Mortgage Trust has returned to lending with the launch of a range of buy-to-let products that are only available via intermediaries.
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Pink and BDS networks to merge
1 Apr 2011
BDS and Pink will be consolidated into one network under the Pink Home Loans brand and all former BDS advisers will now become part of Pink.
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Platform revamps B2L and residential ranges
4 Apr 2011
Platform has relaunched both its buy-to-let and residential mortgage ranges with one-year, two-year and four-year tracker and fixed rate deals available.
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Portillion secures new funding
20 Apr 2011
Portillion has revealed that it has found a new investor to take it through its Financial Services Authority application process.
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Positive Lending launches bridging deal with West One Loans
8 Apr 2011
Specialist packager Positive Lending is launching an exclusive bridging loan deal in conjunction with West One Loans.
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Precise launches near prime campaign
4 Apr 2011
Precise Mortgages has launched a campaign designed to educate brokers and consumers about the availability of mortgage products for borrowers with less-than-perfect credit histories.
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Precise Mortgages improves range
5 Apr 2011
Precise Mortgages has made a number of improvements to its range of Near Prime Home Owner mortgage products.
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Precise Mortgages is no April Fool
1 Apr 2011
Precise Mortgages announced this morning that it has launched an incentive to pay one lucky broker’s mortgage for a year.
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Precise offers to pay a mortgage broker's mortgage for a year
1 Apr 2011
Precise Mortgages is offering to pay one lucky broker’s mortgage for a year, all they need to do is register and login on the lender’s website.
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Private rented sector voids hit two-year low
6 Apr 2011
The average void period of private rented sector property has fallen for three consecutive quarters on the back of strong levels of tenant demand, research by Paragon has revealed.
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Regulatory reports are conflicting, says CML
12 Apr 2011
The UK mortgage market is faced with three separate regulatory initiatives that are creating conflict and confusion, claims the Council of Mortgage Lenders.
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Rents rose again in March
15 Apr 2011
Rents increased for the second consecutive month in March, up by 0.4% to reach £687 per month, the latest Buy-to-Let Index from LSL Property Services shows.
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Residential valuations up 7% year-on-year in March
13 Apr 2011
Residential mortgage valuations increased by 7% year-on-year in March, research by Connells Survey and Valuation reveals.
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Sales in London and South-East up 41% in March
20 Apr 2011
The increase in Stamp Duty Land Tax for properties above £1m caused a rush to complete sales in London and the South-East in March, Countrywide’s market insight report shows.
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Sales of £2m London homes up 57% in two years
27 Apr 2011
The number of residential properties worth £2m or more sold in London increased by 57% between 2008 and 2010, analysis of industry data by Investec Private Bank shows.
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Santander's gross lending down £1.5bn year-on-year
28 Apr 2011
Santander UK carried out £4.2bn of gross mortgage lending in Q1 of 2011, down from £5.7bn in Q1 2010, it revealed in a trading statement today.
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Sesame teams up with Islamic Bank of Britain
11 Apr 2011
Sesame has teamed up with Islamic Bank of Britain to give its network members access to the full range of IBB’s Sharia compliant mortgage alternative, the Home Purchase Plan.
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Skipton lowers rates and fees on fixed rate deals
21 Apr 2011
Skipton Building Society has reduced rates by up to 0.5% and cut fees on a number of its fixed rate deals.
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Slater Hogg and Hurst Independent join Mortgage Intelligence
15 Apr 2011
Slater Hogg Mortgages Limited and Hurst Independent have become the first two appointed representatives to join the Mortgage Intelligence network, following its acquisition by Countrywide.
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Stonebridge launches recruitment programme for ARs
5 Apr 2011
Stonebridge Group has launched a recruitment programme for its appointed representative firms in a bid to develop the next generation of mortgage advisers.
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Stonehaven founder joins Aldermore as non-executive director
27 Apr 2011
Jayne Almond, the founder of equity release lender Stonehaven, has joined Aldermore as a non-executive director.
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TBMC launches new BTL exclusives with Chorley
1 Apr 2011
TBMC, the buy-to-let and commercial mortgage specialist, has launched two new exclusive buy-to-let mortgage products with Chorley Building Society.
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Tenant demand up 51% in Q1
28 Apr 2011
Demand for rented property from tenants increased by 51% in Q1 2011 on Q4 2010’s figure, reports Countrywide.
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Tesco on track for 2011 launch into mortgages
19 Apr 2011
Supermarket giant Tesco has revealed a pre-tax profit of £3.8bn today and says it is well placed to launch its mortgage proposition this year.
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The Key increases market share by over 40%
28 Apr 2011
The Key, Mortgage Brain’s point-of-sale, compliance and CRM system, has increased its market share of the UK mortgage intermediary market by over 40% in the past 12 months.
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TMA to pass on full proc fee from Leeds deals
26 Apr 2011
The Mortgage Alliance will for a limited time pass on the full 0.34% proc fee for any residential or buy-to-let deal from Leeds Building Society.
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TMW launches products with free valuation and legal fees
13 Apr 2011
The Mortgage Works is launching buy-to-let purchase products with free standard valuation and free standard legal fees, claiming it is the only lender to do so.
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Treasury report calls for more competition in retail banking
4 Apr 2011
The level of competition in the retail banking sector is inadequate and further measures are required to promote both competition and improved consumer outcomes, a Treasury Select Committee report has concluded.
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TrigoldCrystal claims 73% of mortgage sourcing market
19 Apr 2011
The latest Mortgages Achilles survey for UK mortgage lenders shows that 73% of brokers use TrigoldCrystal’s Prospector system for sourcing.
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Truffles from Brussels - credit agreements on residential property
15 Apr 2011
This directive has been longer in its creation than many in the UK might have us believe and this is not a first working draft.
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Unemployment falls by 17,000
13 Apr 2011
The unemployment rate for the three months to February 2011 was 7.8%, falling 17,000 over the quarter to reach 2.48 million.
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Unisys to process Northern Rock Asset Management accounts
7 Apr 2011
Unisys Corporation has signed a contract with Northern Rock Asset Management that will see it process some 400,000 mortgage accounts held by the firm.
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xit2 launches valuation alert tool
1 Apr 2011
xit2 has announced the launch of Valcheck, a real time valuation alert tool.
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Yorkshire and N&P announce merger
20 Apr 2011
The boards of Yorkshire Building Society and Norwich & Peterborough Building Society have announced today that they have agreed the terms of a proposed merger.
