Sam Barker

Broker Focus: Clayton Shipton

We aim to amplify the voices of all intermediaries, up and down the country. This month we profile Clayton Shipton, managing director of CLS Money Sum up your firm in three sentences. CLS Money is passionate about getting customers the right mortgage for their needs, no matter their credit score. We aim to remove the […]

10 Years Ago: The US dominated credit crunch news, but the UK kept its sense of humour

7 April 2008: The last of Lehman Our first issue of April 2008 was all about America. Specifically, Lehman Brothers had stopped lending, causing fears of further impacts on US banks’ Blighty-based operations. If that was not enough, the market was contracting quickly as UK lenders scaled back new business. The market reacted to all […]

Capital

Clydesdale unveils clutch of London and South East deals

Clydesdale Bank Intermediaries is today raising its maximum buy-to-let LTV to 75 per cent on loans of up to £1.5m in London and the South East. The previous cap was 60 per cent for buy-to-let loans of more than £1m. The lender has also raised its maximum LTV on buy-to-let mortgages between £750,001 to £1m from […]

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Paragon eyes Titlestone acquisition

Paragon Banking Group is considering buying residential development finance lender Titlestone. The lender says nothing solid has been decided but that any deal would fit its growth and diversification plans. Paragon made the announcement to investors earlier today. The lender says: “Paragon confirms that it is in the early stages of considering a possible acquisition […]

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FCA: 25% of brokered mortgages follow estate agent suggestions

Almost a quarter of residential mortgages are taken out with advisers recommended by estate agents, according to the Financial Conduct Authority. Of those, a quarter also felt pressured to do so, the FCA adds. The FCA made the statements as part of its interim report into mortgage competition, published today. The regulator says: “Of those […]

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FCA fleshes out broker comparison tool plans

The Financial Conduct Authority has given more details of its plans to set up a service that lets consumers compare mortgage brokers. The plans were unveiled this morning in the regulator’s interim mortgage competition report. Speaking to Mortgage Strategy, FCA director of competition and economics Deb Jones says the watchdog’s research has shown that the broker […]

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Industry responds to FCA interim mortgage market study

  Today the FCA published its interim report into mortgage market competition, first mooted in 2015. The Financial Conduct Authority has singled out mortgage prisoners, shopping around and a broker comparison service as areas of the market that need change. The news sparked a wave of responses from the industry. UK Finance director of mortgages […]

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FCA: New focus on shopping around will not dilute MMR 

  A new Financial Conduct Authority focus on helping consumers shop around will not dilute the requirements brought in by the Mortgage Market Review, according to the regulator’s competition chief.  The FCA today brought out its interim report into mortgage market competition, which says there is no easy way for consumers to know which mortgages they qualify for at an early stage, hindering shopping around.  The regulator […]

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FCA report eyes mortgage prisoners and broker comparison tool

The Financial Conduct Authority has singled out mortgage prisoners, shopping around and a broker comparison service as areas of the market that need change. The FCA made the statements today in its interim report into mortgage market competition, first mooted in 2015. The report says a third of consumers fail to find the cheapest mortgage deal, […]