Mortgage Strategy
22 November 2010
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Being an AR eases compliance burden
22 November 2010
CHRIS TANNER, MANAGING DIRECTOR, HOMELOAN PARTNERSHIP
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It only takes a phone call to vet solicitors
22 November 2010
ALAN CLEARY, MANAGING DIRECTOR ,PRECISE MORTGAGES
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Lenders lack good understanding of us, say brokers
22 November 2010
The majority of brokers claim len-ders do not have a good under-standing of their needs and issues.
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Lending boost for Leeds with £250m covered bond deal
22 November 2010
Leeds Building Society has raised £250m of funding through a covered bond issue, enabling it to increase its mortgage lending.
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Low commission and high LTVs top brokers' woes
22 November 2010
A total of 57% of mortgage brokers feel commission has fallen in the last 12 months, research from short-term lender Borro reveals.
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Marketwatch
22 November 2010
Abbey’s plans to enter buy-to-let is welcome news in a sector lacking competition. And I was relieved to see the latest MMR paper contains ideas that will actually make things better for borrowers
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NAEA licence to improve estate agent standards
22 November 2010
A licence for estate agents has been introduced in a bid to raise standards in the industry.
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Seller qualification will drive business to intermediaries
22 November 2010
The latest MMR paper makes the stipulation that anyone involved in the sale of a mortgage needs to have a Level 3 qualification.Requiring all sellers to hold a qualification seems like the most logical thing in the world. But it makes you wonder why it was not needed in the first place.
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60 Seconds With...Eddie Hooker
22 November 2010
EDDIE HOOKER, CHIEF EXECUTIVE, MYDEPOSITS
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A counterproductive practice in Scotland
22 November 2010
RICHARD SEXTON, DIRECTOR OF BUSINESS DEVELOPMENT,E.SURV
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An odd FSA speech about bank changes
22 November 2010
AARON STRUTT, COMMUNICATIONS MANAGER, TRINITY FINANCIAL GROUP
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At last, a reason for brokers to be happy
22 November 2010
BOB HUNT ,CHIEF EXECUTIVE ,PARADIGM MORTGAGE SERVICES
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Back for good
22 November 2010
John Heron, director of mortgages at Paragon, explains how the firm dealt with the fallout of its exit from the buy-to-let sector and why, despite the market turmoil, this is the right time for a comeback
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Battle for business in downturn has led to brokers improving standards
22 November 2010
One positive result of the financial crisis is that it has made brokers more professional, says Richard Tugwell, head of national sales at Northern Rock.
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Beware the risks of mobile technology
22 November 2010
MARK BLACKWELL, MANAGING DIRECTOR, XIT2
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Brokers don't have to charge fees for independent label
22 November 2010
Mortgage brokers will be able to call themselves independent even if they do not charge a fee for advice, under Financial Services Authority proposals.
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Can you have a pop to win this mighty bottle of Champagne?
22 November 2010
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CML and FLA initiative will see members sharing information
22 November 2010
Secured loan and mortgage lenders are to share information as part of plans being discussed between the Council of Mortgage Lenders and the Finance and Leasing Association.
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Direct deals are only 17% of market, says FSA
22 November 2010
DAVID GEALE: NOT RUSHING PROPOSALS
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Don't allow rogues to get you struck off
22 November 2010
PAUL SHEARMAN, MORTGAGE, GI, PROPOSITION DIRECTOR, OPENWORK
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Ensure clients can ride out next storm
22 November 2010
JAMES WATSON, SALES AND MARKETING DIRECTOR, PAYMENTSHIELD
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FOS upholds some complaints on banks' mortgage payment errors
22 November 2010
The Financial Ombudsman Service has found in favour of some cus-tomers affected by an error by Yorkshire and Clydesdale banks that meant thousands of customers underpaid on their mortgages.
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FSA denies planning to get rid of interest-only
22 November 2010
The Financial Services Authority says it has no plans to ban interest-only and any restrictions lenders have made to their criteria are their own doing, not the regulator’s.
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FSA is still missing the point - it should insist advice is given
22 November 2010
With regard to the FSA’s latest stipulation that anyone involved in the sale of a mortgage should have a Level 3 qualification, surely it is still missing the point.
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Government debate on RDR is overdue
22 November 2010
MPs’ comments at a discussion on the Retail Distribution Review only highlighted how little they know about it and advisers. It’s time they did their homework before financial services is changed forever
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Grasping IT can add value to businesses
22 November 2010
SOPHIE HALL, DIRECTOR OF DISTRIBUTION, INTELLIFLO
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I don't know what all the fuss is about with interest-only
22 November 2010
With regard to the negative responses from brokers to the Financial Services Authority’s speech at the Council of Mortgage Lenders’ conference when it said it has not banned interest-only mortgages, what exactly is everyone railing against?
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Inquiry into funding is good news for societies
22 November 2010
The Building Societies Association has welcomed a government inquiry into funding for the sector because it says mutuals are being shoehorned into a PLC jacket.
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LAST WEEK’S WINNER
22 November 2010
“And Fergie charged you that much for this meeting?”JOHN PEARSON, THE SJ GROUP
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Leader: Silence speaks volumes
22 November 2010
Few in the market will have been overly surprised by the prediction last week that gross lending is on track to hit £137bn for 2010.
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Making the effort with protection sales will pay off
22 November 2010
Clients need hand-holding when it comes to protection but the extra time spent will provide a regular income
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Media Spotlight: The Wisdom Of Bees
22 November 2010
By Michael O’Malley
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MMR likely to hike costs of providing direct deals
22 November 2010
Robert Sinclair, IT’S GREAT NEWS FOR BROKERS
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MMR paper proves regulator does not understand industry
22 November 2010
I was interested to read last week the Financial Services Authority’s proposals on distribution as part of the Mortgage Market Review.
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More lenders must evolve to compete
22 November 2010
ROBERT WINFIELD, OPERATIONS DIRECTOR, CHARTWELL HEALTHCARE
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MPC will do whatever is needed to get inflation on an even keel
22 November 2010
Mervyn King, governor of the Bank of England, says the Monetary Policy Committee will take whatever action is necessary to curb inflation, after it rose to 3.2% in October.
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Nominations are in for November
22 November 2010
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Outgoing head of CML urges political debate
22 November 2010
Matthew Wyles, outgoing chairman of the Council of Mortgage Len-ders, used his final speech at the trade body last week to call for a political debate on the Mortgage Market Review.
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Process to remove brokers
22 November 2010
STAR LETTER
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Scrapping interviews boosts business
22 November 2010
Bank of China (UK) says it has seen a boost in business since it scrapped the need for face-to-face interviews with clients.
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Set your sights on Gambia as next property hot spot
22 November 2010
For Britons wanting to invest in property, this relatively little known West African country is the place to look
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Small step forward for sub-prime loans
22 November 2010
GEMMA HARLE ,MANAGING DIRECTOR, TENETLIME
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Societies well placed to face arrears problems
22 November 2010
Building societies are in a stronger financial position than a year ago, with many well placed to cope with worsening arrears and funding problems, says Fitch Ratings.
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Software providers should adapt their costs for start-ups
22 November 2010
Spreading the cost of providing robust and flexible IT systems will help new companies get off the ground
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Start young when it comes to protection
22 November 2010
ED STUART-BROWN, HEAD OF PROTECTION, SALES FRIENDS PROVIDENT
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The Mortgage Mole
22 November 2010
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There's business at the top end if you know who to ask
22 November 2010
There is potential for brokers to make serious money if they ask the right questions of high-earning clients
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Underwriters must stay away from sales to avoid influence
22 November 2010
Research from Charterhouse Research last week claimed 72% of brokers thought that lenders did not have a good understanding of their needs and issues.
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Week in NUMBERS
22 November 2010
506 - the number of pages in the Council of Mortgage Lenders’ response to the Financial Services Authority’s Responsible Lending Paper.
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Which? insinuating that brokers do not offer trusted advice
22 November 2010
Which? last week revealed that in its new brokerage operation proc fees will not be taken by advisers but instead donated to campaigning work for Which?
