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It was dispiriting to hear a top FSA official accuse brokers of working lenders’ fast-track systems to place cases without income proof. This isn’t happening and anyway why are only brokers being singled out?




Hero of the week is Precise Mortgages after it was approved by the Financial Services Authority to offer regulated mortgages. Well done to Alan Cleary and his team. Their expertise and funding will be invaluable in a market deprived of competition – it will be interesting to see the types of products they come up with in the months ahead.


Villains of the week are Nationwide for Intermediaries and The Mortgage Works as their website servers went down for a significant period last week. I hope their IT teams can fix this so it doesn’t happen again. Both these lenders continue to lead the way with regular email communications to brokers.



Letters to the editor

If we had any doubts remaining regarding the severity of economic conditions they have been blown away by the latest lending figures and the Spending Review. We’ve seen the worst lending figures in a decade announced for September, so the question is where is the optimism and hope coming from?The Council of Mortgage Lenders has […]

China: growth defence or another debt-fuelled boom?

By Douglas Turnbull, Head of Chinese Equities at Neptune Following recent stimulus efforts from Beijing, Neptune’s Douglas Turnbull examines how the government’s long-term reform agenda can be balanced with supporting growth and addressing structural challenges, and the investment opportunities arising from this.Click here to read more Important information: Investment Risks Neptune funds may have a […]


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