Mortgage Strategy
Online - February 2011
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Lloyds reports £2.2bn profit but reduces mortgage market share
25 Feb 2011
Lloyds Banking Group has today revealed pre-tax profits of £2.2bn for 2010, compared to a loss of £6.3bn in 2009, but the lender has seen its share of the mortgage market shrink by 2%.
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Nationwide rebuffs broker churning claims
21 Feb 2011
Nationwide Building Society says comments printed in the Sunday Telegraph yesterday which accused brokers of churning fixed rate mortgages in order to get a fee were taken out of context.
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Yorkshire BS triples mortgage lending in 2010
24 Feb 2011
Yorkshire Building Society tripled its mortgage lending in 2010 from £936m in 2009 to £2.7bn in 2010.
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20% of Brits saving for a deposit
23 Feb 2011
Of the 80% of Britons who save each month, 20% are putting money aside for a deposit, according to research from Confused.com.
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2011: The year of consolidation
10 Feb 2011
As we all know, the days of lenders seeking volume are ancient history and for the last couple of years the focus has been on quality over quantity.
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30% of people in UK planning to move in 2011
16 Feb 2011
Research from Clydesdale & Yorkshire Banks reveal that 30% of people in the UK are planning to move home in 2011.
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43% use equity release to repay mortgage
14 Feb 2011
The vast majority of customers in 2010 used cash released from their home to either repay a mortgage, carry out home improvements or to consolidate other debts, shows research from Bridgewater Equity Release.
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75% of mortgage applications are for fixed-rates
17 Feb 2011
Fixed-rate products were chosen by three quarters of all mortgage applicants - excluding remortgages - in January, Mortgage Advice Bureau’s latest National Mortgage Index shows.
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90% LTV deals up almost 50% year-on-year
16 Feb 2011
There are almost 50% more 90% LTV mortgage deals available today, compared to one year ago, the latest figures from Moneyfacts.co.uk show.
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Abbey launches 80% LTV remortgage exclusive to LSL
11 Feb 2011
Abbey for Intermediaries has launched a two-year fixed rate remortgage at 80% LTV exclusive to the LSL Group.
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Abbey launches new 90% LTV deal
4 Feb 2011
Abbey for Intermediaries has today launched a new 90% LTV deal.
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Abbey launches new fixed and tracker deals
17 Feb 2011
Abbey for Intermediaries if launching a number of new deals tomorrow and reducing the rate on its four-year fix to 5.84%.
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Abbey launches two-year fix at 3.39%
24 Feb 2011
Abbey for intermediaries is launching a new two-year 60% LTV fixed rate at 3.39% with a £995 fee.
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Accord Mortgages joins Connells panel
1 Feb 2011
Accord Mortgages has joined forces with Connells and has been appointed to its restricted panel of lenders.
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Aldermore extends product range
28 Feb 2011
Aldermore has extended its product range in a bid to offer borrowers greater choice, the lender claims.
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AMI calls for compulsory advice in MMR response
25 Feb 2011
The Association of Mortgage Intermediaries has put forward the case for compulsory advice in its response to the Mortgage Market Review’s distribution paper.
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AMI predicts flat mortgage market in 2011
4 Feb 2011
The Association of Mortgage Intermediaries is predicting a flat mortgage market for 2011 in its Quarterly Economic Bulletin.
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AMI says most brokers will pay at least 15% more in FSA fees
2 Feb 2011
The Association of Mortgage Intermediaries says most brokers will pay at least 15% more in Financial Services Authority fees in 2011/2012.
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ASA bans ad from PropertyPal.com
23 Feb 2011
The Advertising Standards Authority has banned a television advertisement from PropertyPal.com.
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ASA bans Moneysupermarket.com ad
2 Feb 2011
The Advertising Standards Authority has banned an advertisement from price comparison site Moneysupermarket.com, after a complaint was made by Gocompare.com.
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Asking prices jump 3.1% in February
21 Feb 2011
New house sellers in February hiked their asking prices by 3.1% to an average of £230,030, shows the latest Rightmove House price Index.
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Assurant Intermediary launches BrokerZone
15 Feb 2011
Specialist general insurance provider Assurant Intermediary has launched BrokerZone, a new dedicated area on its website giving intermediaries access to a range of information and services.
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Backlash over Allsopp’s Twitter slur on Melanie Bien
2 Feb 2011
Television presenter Kirstie Allsopp has sparked a war of words on Twitter after making offensive comments about Melanie Bien, director of communications at Private Finance this morning.
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Bank Base Rate Held – For Now
11 Feb 2011
After a whirlwind of headlines last month, some proclaiming the death of the recovery and others forecasting apocalyptic levels of inflation, the Bank of England’s Monetary Policy Committee have held firm and decided to keep Base Rate on hold for yet another month.
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Barclays increases gross mortgage market share to 13%
15 Feb 2011
Barclays increased its gross new mortgage lending to £16.9bn in 2010, up from £14.2bn in 2009, increasing its market share to 13%, up from 10% in 2009.
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Barclays sues Savills PF and others over alleged mortgage fraud
14 Feb 2011
Barclays Private Clients International and Barclays Bank are suing mortgage brokerage Savills Private Finance, chartered surveyors Stocker & Roberts Partnership and O’Sullivan Law Solicitors for losses from an alleged mortgage fraud.
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Borro joins AMPD's panel
10 Feb 2011
Borro has joined the Association of Mortgage Packagers and Distributors’ panel.
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Brain tumour forces Stephen Knight to step down from Portillion
23 Feb 2011
Stephen Knight, chief executive officer of Portillion, is to leave his role after being diagnosed with a brain tumour.
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Brightstar links up with Intrinsic
16 Feb 2011
Specialist distributor Brightstar Financial has made the first of a number of high profile distributor appointments with Intrinsic Financial Services.
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Brightstar offers Link Loans' 7.9% second charge rate
3 Feb 2011
Specialist distributor, Brightstar Financial has been chosen to offer Link Loans’ market leading second charge rate of 7.9%.
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Brilliant Mortgage Club partners with Kensington
8 Feb 2011
Kensington Mortgages has been added to the Brilliant Solutions Mortgage Club lending panel, part of Brilliant Solutions.
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Brokers introduced two-thirds of FTB mortgages in 2010
14 Feb 2011
Brokers introduced two-thirds of all first-time buyer mortgage sales in 2010, accounting for 66% of mortgage sales in terms of the total number of loans and 65% in terms of the value of FTB loans.
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Buy-to-let grabs rising share of broker business
23 Feb 2011
The buy-to-let market now accounts for the highest proportion of mortgage brokers’ business in over three years, research from Paragon Mortgages shows.
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Buy-to-let market grows by 7%
10 Feb 2011
The buy-to-let market grew by 7% in 2010, according to the latest data from the Council of Mortgage Lenders.
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Cavere Insurance teams up with Jump Money
22 Feb 2011
Cavere Insurance has collaborated with Jump Money to develop a suite of fully white-labelled policies aimed at protecting home owners.
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Cheval has management buyout
3 Feb 2011
Cheval Bridging Finance has been bought by the management and and a consortium of investors.
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CHL appoints Sunny Lo as finance director
28 Feb 2011
CHL Mortgages has reappointed Sunny Lo as finance director, six years after he left the post.
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CHL reveals improvement in buy-to-let arrears
24 Feb 2011
CHL Mortgages’ arrears levels for its buy-to-let accounts continued to improve in the fourth quarter of 2010, the lender has revealed.
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Citri to become an AR of Openwork
14 Feb 2011
Citri, the mortgage and protection specialist advisory firm, is to become an appointed representative of Openwork.
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Clydesdale Bank's mortgage complaints increase sixfold
28 Feb 2011
The number of mortgage-related complaints at Clydesdale Bank between July 1 and December 31 2010 was more than six times higher than the previous six months, Financial Ombudsman Service data shows.
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CPMA chief confirmed by FSA
2 Feb 2011
The Financial Services Authority has confirmed that Martin Wheatley will be chief executive officer of the Consumer Protection and Markets Authority.
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CPMA to be given power to ban products
17 Feb 2011
The Consumer Protection and Markets Authority will be given powers to ban retail products when the Financial Services Authority is disbanded in 2012.
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Darlington BS joins Paradigm lender panel
9 Feb 2011
Darlington Building Society has joined the lender panel of Paradigm Financial Advisers, the network service for ARs.
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DAs say packaging market is improving
16 Feb 2011
The packaging market has turned a corner, the majority of directly authorised intermediaries believe.
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FCA could impose loan-to-income limits
17 Feb 2011
The Treasury has today released a consultation paper on the role of the Financial Conduct Authority, one of the bodies that will be replace the Financial Services Authority when it is disbanded in 2012.
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Fixed mortgage rates at six-month high
8 Feb 2011
The average cost of a fixed rate mortgage is at its highest level in six months as lenders pass on rising funding costs to borrowers, says Moneyfacts.co.uk.
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Forbearance strategies masking arrears problems, says FSA
28 Feb 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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FSA fines DB Mortgages for irresponsible lending
22 Feb 2011
The Financial Services Authority has fined DB Mortgages, part of the Deutsche Bank Group, £840,000 for irresponsible lending practices and unfair treatment of customers in arrears, and secured redress of approximately £1.5m for DB Mortgages’ customers.
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FSA increases annual funding requirement by £45m
1 Feb 2011
The Financial Services Authority is increasing its proposed Annual Funding Requirement for 2011/12 to £500.5m, up from £454.7m in 2010/11, a gross increase of 10.1%
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GDP downgraded to 0.6% drop in Q4 2010
25 Feb 2011
The drop in growth in Q4 2010 has been downgraded from a fall of 0.5% to 0.6%, data from the Office of National Statistics shows.
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George Patellis leaves Tiuta
24 Feb 2011
George Patellis has stepped down as chief executive officer of Tiuta, due to family and personal circumstances.
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Government increases bank levy to £2.5bn
8 Feb 2011
The chancellor George Osborne has announced an increase in the rate of the bank levy to be charged in 2011.
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Gross lending at RBS falls 3% in 2010
24 Feb 2011
Gross mortgage lending at the Royal Bank of Scotland fell by 3% in 2010 compared to 2009, its annual results show.
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Gross lending down £0.2bn at building societies in December
1 Feb 2011
Gross mortgage lending by mutuals was £1.8bn in December, which is down on the £2bn lent in November, Building Societies Association data shows.
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Gross mortgage lending drops 13% in January
18 Feb 2011
Gross mortgage lending declined to an estimated £9.2bn in January, a 13% fall from £10.6bn in December but a 5% rise from £8.8bn in January 2010, according to the latest data from the Council of Mortgage Lenders.
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Halifax Intermediaries cuts two-year fixes
10 Feb 2011
Halifax Intermediaries has cut the rates on a number of its two-year fixes by up to 0.70% and launched a range of new deals.
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Halifax reduces its rates for the second time in two weeks
17 Feb 2011
Halifax Intermediaries is to make alterations and rate reductions to its new business product range, its second set of price changes in two weeks.
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HML predicts a drop in repossessions in first half of 2011
15 Feb 2011
UK repossessions are set to fall during the first half of 2011 to 15,557 and rise during the second half to 17,700, according to the first regionally based forecast from financial outsourcer HML.
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House prices increased 0.8% in January
4 Feb 2011
House prices rose by 0.8% between December and January, the Halifax House Price Index shows.
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House prices rise just 0.6% year on year in January
11 Feb 2011
The average house price has risen by only 0.6% year on year in January and has fallen by 0.1% since December, the LSL and Acadametrics House Price Index shows.
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House prices to fall 1.7% in 2011
14 Feb 2011
After recording year-on-year growth of 6.4% in 2010, the housing market recovery will stall in 2011, leaving house prices 1.7% lower compared to last year according to the latest forecast from the Centre for Economics and Business Research.
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House prices up 0.2% in January
28 Feb 2011
House prices in England and Wales increased by 0.2% in January compared to the previous month, Land Registry’s House Price Index shows.
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HSBC's gross lending increases by £1.6bn in 2010
28 Feb 2011
Gross mortgage lending at HSBC increased to £15.4bn in 2010, up from £13.8bn in 2009.
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IMLA highlights need for clarification in MMR response
25 Feb 2011
The Intermediary Mortgage Lenders Association has called for more clarity on the issues of affordability and appropriateness in its response to the Financial Services Authority’s Mortgage Market Review.
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Inflation hits 4% in January
15 Feb 2011
Inflation has hit 4% in January, up from 3.7% in December, Office of National Statistics data shows.
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Interest rates kept on hold at 0.5%
10 Feb 2011
The Bank of England’s Monetary Policy Committee has kept the base rate on hold at 0.5%.
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Investors missing opportunities in France, says brokerage
2 Feb 2011
International mortgage broker Baydonhill claims UK investors are missing opportunities in the French property market because of poor information and common misconceptions.
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Just Retirement sees equity release sales rise 20% year-on-year
14 Feb 2011
Just Retirement says six month group sales grew by 11% year-on-year to £495m driven by a 20% increase in equity release sales.
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Kensington increases LTV to 85% on BTL
7 Feb 2011
Kensington has launched a new range of buy-to-let deals and increased its LTV to 85% from 75%.
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Kent Reliance’s Mike Lazenby to step down
23 Feb 2011
Mike Lazenby is to step down as chief executive officer of OneSavings Bank on February 28.
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Labour MP horrified by MMR
1 Feb 2011
Labour MP George Mudie says he is horrified by the Financial Services Authority’s Mortgage Market Review and believes the regulator has lost its balance and could damage the industry.
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Large mortgage loans & bankers' bonuses
14 Feb 2011
This week we shall undoubtedly see the thorny subject of bankers bonuses raising its head again, especially as Barclays is due to be the first bank to reveal its bonus figures on Tuesday.
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Largemortgageloans.com partners with Brilliant Solutions
9 Feb 2011
Largemortgageloans.com has finalised an agreement with Brilliant Solutions, the financial services distributor, to market its large loan referral service.
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Largest lenders not offering the best deals
21 Feb 2011
The UK’s largest mortgage lenders have a three-quarter market share, but only provide 145 , 29% of the top 500 mortgages, says Moneyfacts.co.uk.
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Leadbay founder launches new firm
8 Feb 2011
Simon Baker, the original founder of Leadbay has launched a new lead generation firm Lead Co-op.
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Leeds BS launches two exclusive B2L deals with TBMC
16 Feb 2011
TBMC, the buy-to-let and commercial mortgage specialist, has launched two new exclusive buy-to-let mortgage products with Leeds Building Society.
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Leeds launches savings product for first-time buyers
16 Feb 2011
Leeds Building Society has launched a savings product and service specifically designed to support first-time buyers onto the housing ladder.
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Leeds plans to increase mortgage lending by 25% in 2011
22 Feb 2011
Leeds Building Society has revealed pre-tax profits of £42.2m today and says it plans to increase its mortgage lending by 25% in 2011 to £1.25bn.
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Lending volumes up 17% at L&G Mortgage Club
14 Feb 2011
Legal & General Mortgage Club carried out £11.6bn of mortgage completions in 2010, a 17% increase on lending volumes in 2009.
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Link Loans launches secured loan deal at 7.9%
10 Feb 2011
Secured loans lender, Link Loans, has launched of a new product with a 7.9% rate, aimed at the remortgage market.
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Lloyds misses a trick by not offering brokers negative equity deal
2 Feb 2011
Lloyds Banking Group has launched a new option for existing mortgage customers affected by negative equity.
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Lloyds sets aside £500m redress for 300,000 mortgage customers
21 Feb 2011
Lloyds Banking Group has reached a voluntary agreement with the Financial Services Authority and is to undertake a customer review and redress programme in relation to a number of its Halifax mortgage contracts.
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Loans for remortgages at 13-year low in 2010
11 Feb 2011
Loans for remortgages were at a 13-year low in 2010, the latest figures from the Council of Mortgage Lenders reveal.
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Loans Warehouse teams up with Portal Portfolio
22 Feb 2011
Loans Warehouse has added Portal Portfolio to its whole of market secured loan panel.
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Major banks agree to increase SME lending by £10bn
9 Feb 2011
Chancellor of the exchequer George Osborne has reached a deal with major banks to raise business lending by £10bn this year.
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Manor launches exclusive B2L deals with Platform
4 Feb 2011
Manor Mortgages has launched three exclusive buy-to-let deals with Platform Home Loans.
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Michael Coogan to step down from the CML
28 Feb 2011
Michael Coogan, director general of the Council of Mortgage Lenders, is stepping down from his role in August to seek a fresh professional challenge.
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Million-pound property sales increase by 58% in 2010
23 Feb 2011
Sales of properties worth £1m or more increased significantly last year, analysis from Largemortgageloans.com shows.
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MMR proposals go too far, says CML
25 Feb 2011
The Council of Mortgage Lenders has urged the Financial Services Authority to undertake a new consultation on all related policy proposals of its Mortgage Market Review.
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Montello rebrands to signal bridging move
1 Feb 2011
London-based real estate bridging financier Montello Private Finance will from today be branded as Montello Bridging Finance.
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Mortgage affordability hits best level in 10 years
28 Feb 2011
Mortgage affordability has reached its best level in 10 years, according to research from Barclays.
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Mortgage approvals fall again in January
3 Feb 2011
Mortgage approvals shrank again in January to the lowest level since February 2009, data from the e.surv Mortgage Monitor shows.
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Mortgage approvals fall in December
1 Feb 2011
The latest figures from the Bank of England today show mortgage approvals totalled 42,563 in December, down from 47,287 in November and the lowest levl since March 2009.
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Mortgage fraud not a priority for police, says BSA
22 Feb 2011
Mortgage fraud and other business crime is not a top priority for police forces, says the Building Societies Association.
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MS Poll: Which lender offers the best service?
8 Feb 2011
With Abbey for Intermediaries recently revealing that it has seen a 50% increase in satisfaction levels among brokers, Mortgage Strategy wants to know who you think offers the best service.
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MSTV: Michael Coogan on why the MMR should not be rushed
7 Feb 2011
In this edition of Mortgage Strategy TV, we speak to Michael Coogan, director general of the Council of Mortgage Lenders, about why he thinks the Mortgage Market Review should not be an urgent priority for the regulator.
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Mutual One partners with Genworth Financial for mortgage insurance
9 Feb 2011
Mutual One has announced that Genworth Financial has been selected as its mortgage indemnity insurance provider for the collective, available to lenders.
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Nationwide increases fixed rate deals
16 Feb 2011
Nationwide Building Society is increasing some of its fixed rates for house purchase from tomorrow.
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Nationwide increases fixed rates by 0.3%
21 Feb 2011
Nationwide Building Society is raising most of its fixed rate products by 0.3% from tomorrow.
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NatWest launches 90% LTV fix exclusively for LSL
9 Feb 2011
NatWest Intermediary Solutions has launched an exclusive two-year 90% LTV deal for the LSL Group.
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Net mortgage lending increases by £1.6bn in January
23 Feb 2011
High street banks’ net mortgage lending increased by £1.6bn in January, representing annual growth of 2.7%, according to statistics from the British Bankers Association.
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Nominations for February's Top Of The League are in
21 Feb 2011
The shortlist for February’s Top Of The League, in association with Woolwich Mortgages from Barclays, have been unveiled
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Northern Rock increases fixed, tracker and B2L rates
1 Feb 2011
Northern Rock is increasing the rates on selected fixed rates, trackers and buy-to-let deals from the start of business tomorrow.
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Northern Rock launches 90% LTV fixed rate deals from 5.99%
28 Feb 2011
Northern Rock is launching a new range of Everyday mortgages available up to 90% loan-to-value.
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Number of households renting privately hits 3.4 million
25 Feb 2011
The number of households renting privately in England has risen from 2.4 million in 2005-06 to 3.4 million in 2009-10, the Communities and Local Government’s English Housing Report shows.
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Number of mortgage deals double in two years
2 Feb 2011
Figures released today from Moneyfacts show the number of mortgages available has more than doubled to 2,447, compared to 1,097 two years ago.
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Omnii’s CheckIT registrations reach 500 landmark
22 Feb 2011
Omnii Solutions has registered 500 brokers for its CheckIT client credit file application, reaching its target for the first quarter of 2011 ahead of schedule.
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Openwork appoints two development directors
24 Feb 2011
Openwork has appointed two national development directors in a bid to further boost its scale in the run up to the Retail Distribution Review.
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Openwork offers two exclusive fixed rate mortgages from Halifax
15 Feb 2011
Openwork is offering two exclusive fixed rate products from Halifax for purchase and remortgage customers.
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Paragon launches new range with trackers from 3.30%
2 Feb 2011
Paragon Mortgages has launched a new range of fixed and tracker rate buy-to-let mortgages.
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Paul Fisher reappointed to MPC
25 Feb 2011
Markets executive director Paul Fisher has been reappointed as a member of the Bank of England’s Monetary Policy Committee for a further three-year term.
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Prestige launches new range with V Loans
11 Feb 2011
Prestige Finance has launched a new range of secured loan products and is offering them through a select number of brokers, one of which is V Loans.
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Principality reports pre-tax profits of £30.8m
7 Feb 2011
Principality Building Society has reported pre-tax profits of £30.8m for 2010, an increase of £16.5m from 2009.
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Promise Solutions increases loan commissions for introducers
18 Feb 2011
Promise Solutions is set to increase the commissions it pays to introducers on Blemain loans.
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Remortgage applications climb to 2009 levels
18 Feb 2011
The volume of remortgage applications reached the highest level since January 2009, according to Countrywide.
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Rental properties snapped up as demand increases
11 Feb 2011
Private rental properties are being let within 15 days on average - five days quicker than a year ago, data from Countrywide shows.
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Rents fall for second successive month
18 Feb 2011
Average rents fell by 0.3% in January, the latest buy-to-let Index from LSL Property Services has revealed, shrinking for a second successive month.
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Repossessions fall 24% in 2010
10 Feb 2011
The Council of Mortgage Lenders today revealed that, at 36,300, the number of repossessions by first-charge mortgage lenders in 2010 accounted for just 0.3% of all mortgages.
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Santander retains 18% mortgage market share
3 Feb 2011
Santander UK has released its full year results for 2010 today, showing it retained an 18% share of the mortgage market, despite seeing a slight drop in gross lending.
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Second-charge repossessions fall 41%
10 Feb 2011
Repossessions for second-charge mortgages were down by 41.1% in 2010, compared with 2009, according to latest figures released today from the Finance & Leasing Association
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Sesame launches holistic advice forums
3 Feb 2011
Holistic Advice Forums are being launched for Sesame network members and Bankhall customers as part of the group’s 2011 learning and development programme.
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Shapps calls for more FTB support ahead of summit
7 Feb 2011
Housing minister Grant Shapps says more can be done to help first-time buyers ahead of a summit next week.
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Shepherd & West warns consumers on mis-sold insurance policies
25 Feb 2011
Shepherd & West has urged consumers to be wary of terms and conditions when using claims management companies.
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Skipton increases mortgage lending by 18%
22 Feb 2011
Skipton Building Society increased its total mortgage lending by 18% to £481m in 2010, up from £407m in 2009.
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Skipton withdraws all two-year fixes
10 Feb 2011
Skipton Building Society has today withdrawn all of its two-year fixed rate mortgages and will not be relaunching new deals until February 21.
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SMS integrates product suitability file checking
2 Feb 2011
Solent Mortgage Services has been testing a product suitability file checking service over the last three months with selected lenders and has now formally launched the facility to its introducers through its online extranet, The Porthole.
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Spicerhaart appoints Apprentice finalist
28 Feb 2011
The Spicerhaart Group has appointed former Apprentice finalist Kristina Grimes as business development director for Spicerhaart Corporate Sales and MustbeSold.com.
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Target Bluechip launches debt planner
23 Feb 2011
Target Bluechip has launched a new packaged software solution for debt management plan providers.
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Taylor Wimpey offers FTBs 95% LTV mortgages
15 Feb 2011
Taylor Wimpey is offering first-time buyers 95% LTV mortgages on a number of its developments in the East Midlands, East Anglia and East London.
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TBMC launches exclusive deal with Hinckley & Rugby BS
22 Feb 2011
TBMC has launched an exclusive buy-to-let mortgage product with Hinckley & Rugby Building Society.
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The charge of the fee brigade
9 Feb 2011
Whether you are an investment adviser, mortgage intermediary or insurance broker, our regulators are likely to be increasing your costs.
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Three MPC members vote for rate rise in February
23 Feb 2011
Three members of the Monetary Policy Committee voted for a Bank base rate rise in February, minutes from the meeting reveal.
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Tiuta offers to refund valuation fees
7 Feb 2011
Tiuta is offering to refund valuation fees upon completion across its range of residential bridging products.
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TMW launches two-year fixes from 2.15%
2 Feb 2011
The Mortgage Works is launching two-year fixed rate deals from 2.15% and three-year deals from 3.09% in its residential range tomorrow.
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UK unemployment rises again
16 Feb 2011
The total number of unemployed people increased by 44,000 in the last three months of 2010 to reach 2.49 million, a jobless rate of 7.9%, figures from the Office of National Statistics show.
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Valuation activity up 27% year-on-year
8 Feb 2011
There was a 27% increase in valuation activity year-on-year in January, according to the latest research by Connells Survey and Valuation.
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West One Loans appoints national BDM
21 Feb 2011
West One Loans, the privately funded bridging lender has appointed Manish Babla as national business development manager.
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West One Loans to return arrangement fees
10 Feb 2011
Bridging lender West One Loans is offering to return 100% of arrangement fees on any loan up to £500,000.
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What’s in a name?
18 Feb 2011
When the chancellor of the exchequer declared that the Financial Services Authority was to be abolished brokers were delighted at the regulator’s demise.
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Which? reports two sale-and-rent-back firms to FSA
22 Feb 2011
Which? Money has reported two sale-and-rent-back companies to the Financial Services Authority after an investigation by the consumer watchdog uncovered inadequate advice in the SRB market.
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Y3S launches bridging and commercial brokerage
21 Feb 2011
Welsh finance broker Y3S has today launched its latest venture, Y3S Bridging & Commercial.
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Yorkshire and Clydesdale on track to deliver £10bn of new lending
8 Feb 2011
Yorkshire and Clydesdale Banks are on track to deliver £10bn of new lending to business and mortgage customers by October, its parent National Australia Bank has revealed.
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Yorkshire BS hires head of B2L to lead entry into sector
10 Feb 2011
Yorkshire Building Society has appointed a head of buy-to-let to lead its entry into the sector this year.
