Mortgage Strategy
22 February 2010
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£2.5Bn RMBS deal for Co-op Bank
22 February 2010
The Co-operative Bank has laun-ched and priced its first prime residential mortgage-backed securi-ties deal in a transaction worth £2.5bn.
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60 seconds with...Paul Hunt
22 February 2010
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A double dip? More like a roller coaster
22 February 2010
CHRISTOPHER TAYLOR, CHIEF EXECUTIVE OFFICER, LONDON & EUROPEAN
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Ads leave clients in the dark about lack of advice on offer
22 February 2010
On the subject of advice, I feel companies that advertise by mailshot or on the internet encouraging consumers to contact them by phone or via the web should make it clear that they are not offering any advice.
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AfI associate accounts arm to boost exclusives
22 February 2010
ADRIAN WHITTAKER: STRENGTHENING TIES WITH BROKERS
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Ban brokers from paying referral fees to estate agents, urges OFT
22 February 2010
The Office of Fair Trading is urging the government to ban mortgage brokers from paying referral fees to estate agents.
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Banned firm should have protected itself against fraudsters
22 February 2010
I was interested to read the story on Mortgage Strategy Online last week about the FSA banning Walthamstow mortgage broker Kevin Byrne for lacking the integrity and competence to prevent his business, Forest Financial, being targeted by mortgage fraudsters.
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Broker banned for false applications
22 February 2010
The Financial Services Authority has banned a London-based broker for submitting false applications.
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Brokers will pay the price of misguided bid for perfection
22 February 2010
I was interested to read a recent article on Mortgage Strategy Online revealing that the Financial Services Authority is upping its annual funding by almost 10% while brokers will have to cough up a minimum of £1,000 to be regulated.
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Buy-to-let can take the housing strain
22 February 2010
GUY GARRARD, HEAD OF BUSINESS DEVELOPMENT, TIUTA
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CAN YOU HAVE A POP TO WIN THIS POSH MONTBLANC ROLLERBALL PEN?
22 February 2010
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Checkmate changes its name to Portillion
22 February 2010
Checkmate Mortgages has rebran-ded as Portillion and appointed Philip Dearing, former chief executive officer of Market Harborough, as its savings director.
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Cleaning up
22 February 2010
Regulation of sale-and-rent-back will go a long way towards washing off many of the troublesome stains that have been plaguing the sector
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Consumers warned of online payment peril
22 February 2010
Citizens Advice is warning consumers to be careful when searching for rooms or properties online if they are asked to provide funds via money transfer prior to viewing.
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Costs and dangers of the regulator's affordability rules
22 February 2010
Brokers must work with lenders and the FSA to smooth out potential anomalies in the calculation of affordability
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Cover stories don't have to end badly
22 February 2010
ROGER EDWARDS, PROPOSITION DIRECTOR, BRIGHT GREY
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Distributors face greater scrutiny
22 February 2010
BOB HUNT, CHIEF EXECUTIVE, PARADIGM MORTGAGE SERVICES
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E.surv to use Quest's system to manage risk
22 February 2010
E.surv chartered surveyors has signed a deal to use Quest’s Q-Guard AuditSure system for valuation risk management across its business.
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Economic Tracker
22 February 2010
B2L deserves more help from lenders
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FSA should let lenders enter sub-prime sector
22 February 2010
I feel compelled to write in response to the news item in last week’s issue of Mortgage Strategy headlined ’CML ponders cutting repossessions for 2010 to less than 53,000’.
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Further QE may be on the cards to curb inflation
22 February 2010
The Bank of England may be forced to extend its quantitative easing programme to keep inflation at 2%, governor Mervyn King has warned.
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Healthier outlook for the housing market this year
22 February 2010
Activity in the sector is poised to increase in 2010 and consumer confidence will be boosted by the election
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Help clients resolve their debt problems
22 February 2010
BRIAN FERGUSON, DIRECTOR, INVOCAS FINANCIAL INTERMEDIARY SERVICES
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Helping the kids leave home is such a YUCKIE business
22 February 2010
We love an acronym and in today’s climate of austerity there is a new kid on the block, the YUCKIE - young unwittingly costly kids.
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Helping to close the housing wealth gap
22 February 2010
TIM JORDAN, HEAD OF RESIDENTIAL PROPERTY, FORSHAWS DAVIES RIDGWAY
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HSBC unveils fixes and trackers
22 February 2010
HSBC has dealt another blow to the broker market by launching a range of fixed and tracker deals, including rates with LTVs of up to 90%.
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Igroup broadens scope of products by cutting some reversionary rates
22 February 2010
Igroup has boosted the adverse sector by cutting some of its reversionary rates by up to 2.49%.
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In my opinion: Don’t get too excited by rally in prices
22 February 2010
The year started with a rise in house prices and property listings, but Nationwide reckons prices could stay flat or even fall in the next two years, so there is still some way to go before recovery kicks in
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Interests of firms and consumers are on our radar
22 February 2010
We have increased our contact with brokers over the past two years to assess if they are treating customers fairly
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Last week's winner
22 February 2010
LAST WEEK’S WINNERROB FALCONER“Like dinosaurs, cheques died out because they became just too damned big.”
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Little hope of high LTV deals this year
22 February 2010
ROBERT WINFIELD, MANAGING DIRECTOR, CHARTWELL FUNDING
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Lose small brokers to high fees and consumers suffer
22 February 2010
I was shocked to learn that brokers can look forward to paying a minimum fee of 1,000 to be regulated by the FSA.
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Marketwatch
22 February 2010
More lenders are offering drop-lock loans but these could catch clients out when they eventually move to a fixed rate. Meanwhile, Abbey is keeping fast-track but with tough requirements for proof of income
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Media Spotlight: 101 Ways To Grow Your Business
22 February 2010
By Hugh Williams
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MODS will raise capital without hitting mutual status
22 February 2010
Building societies have come up with a solution to the sector’s capital-raising problems that does not involve sacrificing their mutual status.
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Net lending is up at Woolwich but gross figures fall
22 February 2010
Woolwich increased its net mort-gage lending by £5.7bn in 2009, but its gross lending fell by £8bn, its annual results revealed last week.
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New battleground for equity release
22 February 2010
JON KING, MANAGING DIRECTOR, HODGE LIFETIME
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No prizes for being top of this league
22 February 2010
ALAN CLEARY, MANAGING DIRECTOR , EXACT
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Nurture your leads for long-term value
22 February 2010
GRANT STEVENS,MANAGING DIRECTOR, LEADBAY
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Own-label mineral water for the FSA while firms drown
22 February 2010
When I visited the FSA’s gleaming offices in Canary Wharf recently I was agog at the opulence before my eyes.
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Platform unveils range of two-year fixed deals
22 February 2010
Platform has launched a range of two-year fixed rates starting at 3.44%. It has also doubled the number of brokers the deals are available to from five to 10.
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Politicians may ramp up VAT to pay off debt
22 February 2010
Labour and the Conservatives are both reported to be drawing up plans to hike VAT to 20% in a bid to tackle the country’s £178bn deficit.
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Property shortage boosts asking prices but experts say it won't last
22 February 2010
MILES SHIPSIDE: INCREASE IS NOT SUSTAINABLE
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Race is on for retail funding
22 February 2010
Although the launch of a £2.5bn retail mortgage-backed securities deal from The Co-operative Bank was a further sign that the securitisation market is continuing to thaw, there’s no getting away from the fact that it’s still not functioning properly.
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Rates for 90% LTV deals are down by almost 2%
22 February 2010
The average rate for mortgage deals up to 90% LTV has fallen by almost 2% in the past three months, according to Evaluate Technologies. The average rate has gone from 7% in November to 5.3%.
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Regulator on brink of being branded a world-class waster
22 February 2010
I’m sure that when the new Conservative government does a post-mortem on the effect of the FSA it will find it to be one of the biggest and most useless wastes of money in history.
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Room in market for self-cert as long as guidelines are clear
22 February 2010
I welcomed the comments made by Ray Boulger, senior technical manager at John Charcol, in his Mortgage Strategy Online blog last week on self-cert.
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Self-cert not needed if lenders educated their underwriters
22 February 2010
There is no need for self-cert products. What is required is a sustained effort from lenders to educate their underwriters to assess cases on their merits.
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Sizeable returns expected for MT secured creditors
22 February 2010
The administrator of The Mortgage Times Group says the network’s directors anticipate substantial returns to secured creditors.
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Sometimes we all turn a blind eye to a lapse in rules
22 February 2010
Those of us who live in glass houses shouldn’t really throw stones at UPVC windows in a conservation area
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Sovereign defaults will be felt globally
22 February 2010
Our monthly economic tracker, in association with Platform, provides data on the key indicators of the health of the economy and expert commentary
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The mortgage mole
22 February 2010
DIGGING THE DIRT IN THE MORTGAGE WORLD…
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Towergate may be on the prowl for John Charcol
22 February 2010
Towergate is rumoured to be looking to buy mortgage brokerage John Charcol.
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We'll be fine if we learn hard lessons
22 February 2010
DAVID FINLAY, INTERMEDIARY BUSINESS DIRECTOR, BARCLAYS
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Where there's no will there's a way
22 February 2010
JEFF SMITH, COMMERCIAL DIRECTOR, THE ASSET PROTECTION STRATEGY
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your shout
22 February 2010
The best of the comments from Mortgage Strategy online
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Zoopla plans to stage weekly online auctions
22 February 2010
Zoopla.co.uk is gearing up to hold weekly property auctions after the success of its first online bidding event.
