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Mortgage Next reports boost in AR numbers

Mortgage Next has boosted its number of appointed representatives to 150 member firms and 310 individual advisers.

The network has reported that the value of completed mortgages during October matched the level seen October last year.

Gemma Harle, managing director of Mortgage Next, says: “Mortgage Next has made a major gain in market share.

“But we have also experienced a significant shift in the mix of our business, with declines in the volumes of higher margin niche and sub-prime mortgages being placed. This means that our focus continues to be on controlling costs whilst at the same time ensuring we provide brokers with a reliable service.”

She adds: “Clearly 2009 is going to be a difficult year for everyone in the UK mortgage market but I believe Mortgage Next is well positioned to take advantage of those market opportunities which present themselves.”


Crosby report calls for RMBS guarantees

The government is set to guarantee tranches of residential mortgage-backed securities following the release of the long-awaited Crosby report on mortgage finance.

Reasons to be cheerful in the new year

I always smile when I hear industry pundits writing off 2009. I believe the recovery will start next year as house prices are bottoming out and the return of supply and demand will reinvigorate the market.

Champion the small-scale developer

Traditional development finance must price in project and liquidity risk, but if your project is completed and you have begun selling units you could be eligible for cheaper funding, writes Matthew Tooth of Lendinvest. A product which prices purely for liquidity risk is one way to help developers lower their costs. This type of product allows […]


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