Openwork has revealed it originated more than £20bn in business during 2007, chalking up a 15% increase on 2006. The network’s January lending levels were up more than 30% on December and 10% on January 2007.
While the back pages of the newspapers indicate that Kevin Keegan is starting to think Ron Sandler has the more comfortable of the two hottest seats in Newcastle, the financial press continues to satisfy itself by poking the twitching remains of Northern Rock.
Brokers can monitor their compliance with the Financial Services Authority’s Treating Customers Fairly initiative with a new health check offer from compliance specialist MS2M.The service is based on a questionnaire that uses a traffic light system to help brokers identify the systems and processes they need to review to ensure full compliance with the regime.MS2M […]
Access to the buy-to-let market has become harder for new landlords as mortgage deals became scarce, says the Royal Institution of Chartered Surveyors.The latest RICS lettings survey of Q4 2007 shows the first fall in new landlord instructions to surveyors to let their properties since the study began in 1998.RICS says the credit crunch has […]
RBS Intermediary Partners is increasing the rate on its First Active five-year fixed remortgage rate from 5.60% to 5.75%.The applies until April 30 2013 and has a £799 arrangement fee.
The bridging market has enjoyed an excellent couple of years and, as a result, has seen a succession of new lenders enter the market. That competition has forced all of us to look carefully at how we price bridging loans. Over the past few months we have spent a lot of time on adjusting the […]
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