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MX celebrates 10th anniversary

Mortgage Express, the specialist lending arm of the Bradford & Bingley Group, this week celebrated its 10th Anniversary as a niche lender at a rooftop venue in central London.

Tim Dawson, managing director of Mortgage Express, says: “Mortgage Express has worked hard to forge strong relationships with key business and media partners and as such has delivered record volumes in August.”

During his speech, Dawson outlined key milestones, including the purchase of MX by Bradford & Bingley in 1997, its first 1bn securitisation of buy-to-let in 2001, and the launch of its Lifetime range in 2003.

He also noted the launch of self-cert in 2005, which now brings in 20% of overall business.

Dawson says: “One of Mortgage Expresss greatest success stories is our highly popular Lifetime mortgage range, launched in 2003. In the space of one short year we achieved a huge 36% of the intermediary lifetime market.

“Our mission statement is clear and one we keep in mind every day – to be the natural choice for innovative mortgage solutions. As such, we plan to continue to dominate the specialist lending markets. We are currently the leading buy-to-let lender and plan to remain so. We also intend to remain a major player in our other specialist markets such as Lifetime and self-cert.”


PFS appoints vice presidents

Carole Nicholls of Nicholls Stevens Financial Services and Robert Reid of Syndaxi Financial Planning have been appointed vice presidents of the Personal Finance Society. They will support president Brian Steeples.

Orchard & Shipman source 1,500 B2L for Edinburgh Council

1,500 buy to let properties will be made available to City of Edinburgh Council through an ambitious private sector leasing scheme that goes live this week. Through the scheme the authority leases the housing neededthrough one specialist provider who sources the properties from buy to let landlords.Property services group Orchard & Shipman plc has contracted […]

Call for brokers to learn about equity release

Bridgewater Equity Release is warning that brokers must embrace the home reversion market or customers could lose out. Peter Couch, managing director of Bridgewater, says at the moment only one in 20 people are advised by brokers to take a home reversion plan whereas this figure should be one in five. He puts this down […]

Summer inflation and house price statistics

The UK house price inflation rate fell from 5.0% in June 2005 to 4.0% in July 2005. Mix-adjusted prices rose by 1.1% between June and July 2005, compared with a rise of 2.1% seen over the same period in 2004.The rise in UK prices between June and July can be largely attributed to increases of […]

The investment clock

While Trump blazes blond in the political foreground, it’s easy to overlook the economic background to the new political dimension of 2017. Political risk will be a feature of the year: the unpredictable and untested Trump administration has already created uncertainty, which is unlikely to diminish, especially if protectionist rhetoric starts to outweigh promises of […]


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