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Shares dip for six biggest lenders

The UK’s six biggest mortgage lenders saw their share of lending dip for the fourth consecutive year in 2013, according to the Council of Mortgage Lenders. Data published last week by the CML shows the top six lenders’ share of gross lending increased from 61 per cent in 2006 to a peak of 86 per […]

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The Mortgage Mole: Lasting Impression

Lasting Impression Mortgage Strategy editor Paul Thomas has spent the past five years chasing down stories for the mortgage industry but Mole hears he has been making an altogether different type of splash of late. Having recently enjoyed a sojourn in Portugal with friends, Thomas – or PT, as friends, colleagues and apparently the Portuguese […]

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Precise starts lending to contract workers

Specialist lender Precise Mortgages has begun lending to contract workers for the first time. The criteria change applies to all of the lender’s residential range, including both first and second charge products. Managing director Alan Cleary says: “This criteria improvement coupled with our recent changes to self-employed criteria make us a natural choice for brokers […]

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New calls for lenders to hike proc fees

Industry experts have renewed calls for lenders to pay higher procuration fees due to the additional work involved in processing cases post-MMR. Taking part in a panel session at the Financial Services Expo in London today, experts suggested lenders should recognise the work brokers do by paying more commission. Mortgages for Business managing director David […]

Healthcare regulation amalgamation predicted for Gulf states

While Dubai is leading the way in terms of legislating for expat healthcare in the Gulf, Qatar, Abu Dhabi and others are watching and learning – that’s according to Jelf International’s director of international services, Doug Rice. He believes the pace of change in the Gulf states will continue and that some level of unified healthcare system will be introduced across the region.

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