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TMW signs up to Trigold’s ENC module

The Mortgage Works has signed up to Trigold’s Enhanced Non-Conforming sourcing module.

ENC lenders represent 95% of the sub-prime market and the system presents its products to all 24,000 Trigold users and 80 white labelled versions of the software.

Paul Howard, director of intermediary sales at The Mortgage Works, says: “We have put great effort into delivering a highly competitive range of sub-prime products and we are confident ENC will help us promote them to brokers.

“They offer great value for money and are only available via the top packaging companies with whom we work.”

Bill Safran, chief executive of Trigold, says: “The Mortgage Works has a good reputation and brings strong offerings to the sub-prime market, so we are delighted to have these products listed and verified on ENC to enable Trigold users to make accurate and precise product comparisons.

“We’re looking forward to working with The Mortgage Works to bring even more of its proposition to our users.”


MT launches Payam’s Prizes

The Mortgage Times Group has launched a monthly prize initiative called Payam’s Prizes.The prize giveaway will see one intermediary member each month win a fabulous prize when submitting an application to the special guest lender.For June, The Mortgage Times Group has teamed up with DB Mortgages to offer its members to win a weekend break […]

Lender to look into GI blackmail claim

Abbey has launched an investigation into accusations that its BDMs are blackmailing brokers into using its general insurance.A broker, who asked to remain an-onymous and is new to the industry, alleges that an Abbey BDM threatened to relegate his applications to the bottom of the pile if he did not use its accompanying GI proposition.He […]

My Mortgage Direct to launch Portuguese deal

Real estate agent Noscasa and mortgage broker My Mortgage Direct have teamed up to launch a deal for home buyers looking in buy property in Cape VerdeThe former Portuguese colony – once a parched slave trading post – is now tempting property investors from all over the world with caiprinias and Creole cuisine. Cath Hearnden, […]

In this day and age, seven-day backlogs are unacceptable

We have lenders extolling the virtues of their online instant this and instant that and how they benefit consumers. So why then do we get to the spring and summer months and still see major len-ders with seven-day backlogs? I have experienced this in the mortgage industry every year for the past 15 years. Surely […]

Strong dollar can be a powerful driver of UK dividend growth in 2015

By Robin Geffen, fund manager and CEO 

This year threatens to be a challenging one for UK dividend hunters. Last year saw an all-time record amount paid out in UK dividends — some £97.4bn, according to research from Capita Dividend Monitor. Yet as Capita also pointed out, out the biggest single factor driving the growth in the fourth quarter of last year was easy to identify: the rising US dollar. 

In our view, this trend is much more than simply a one-quarter phenomenon. It is actually the most profound issue to get right as a UK equity income investor in 2015. We believe that the US dollar will continue to strengthen significantly from its current level. This is due more to the US economy’s demonstrable de-coupling from the rest of the world than to a view on the UK. The US has a strong chance of tightening monetary conditions this year without jeopardising growth or de-stabilising its housing market. The same can unfortunately not be said about the UK.


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