The Finance Trading Standards Association is seeking legal advice following the landmark Hurstanger case. Hurstanger came under the spotlight when borrower Delroy Wilson went into arrears. Wilson claimed his original contract was void because a £240 payment from lender to broker was not disclosed. The Court of Appeal ruled that brokers must disclose commission.
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The Republic of Ireland’s buy-to-let market is on the verge of meltdown due to its landlords favouring UK investments, an Irish broker has warned.The broker, who wishes to remain anonymous, says intermediaries fear Ireland’s buy-to-let market is wilting because landlords prefer to invest in England.Land Registry figures show average house prices in England and Wales […]
I’d like to congratulate you on the ‘A-Z of HIPs’ cover story in the May 28 issue of Mortgage Strategy. Since they were first mooted, Home Information Packs have been poorly thought out. One of the main rationales for the introduction of HIPs was to speed up the house buying process by preventing sales from […]
The number of qualified energy assessors has grown by 50% in the past two weeks to nearly 800, The Partnership has revealed. A further 1,200 candidates have applied for accreditation.Peter Ambrose, director of The Partnership, says: “Over the past two weeks, we have been inundated with requests for information by qualified energy inspectors ready and […]
Mortgage distributor and online packager 3mc has recruited four mortgage underwriters to join its team. Doug Hall, sales director at 3mc, says: “The underwriters will help us to continue to offer the best service to our broker customer base.”
Roy Armitage, head of credit, LendInvest Selling a loan is the part of a lender’s workload most visible to brokers and borrowers. Just as crucial – but less frequently observed – is how that lender services that loan. A commitment to quality servicing is one that’s front and centre for us at LendInvest and it’s […]
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