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First And Last

The first mortgage I took out was almost 10 years ago with Northern Rock. I had just bought my first flat in Surbiton – the perfect commuter town.

The flat was in a 1970s-style building with lots of space and a pleasant 20-minute walk to Kingston upon Thames along the river and 15 minutes to Waterloo on the train. As a first property it was ideal for my needs.

But marriage and children soon followed and as my family expanded we moved to a large extended semi-detached house in Ashtead, Surrey.

With a new mortgage with Northern Rock in 2006, the house is perfect for us and has a huge garden for the kids. It’s close to the M25 and a train station to Waterloo.

There is also a 500-acre wood at the back of the property – great for escaping from city life.


Speeding up bridging loans online

Bridging finance lender United Trust Bank has launched an online system that produces offers and decisions in principle for residential bridging loans.The system speeds up the online application process as well as providing brokers with Key Facts Illustrations and other documentation, along with decisions in principle, within minutes.It also allows funds to be released within […]

CML warns of more base rate rises soon

Further Bank of England base rate rises are on the cards after last week’s 0.25% rise to 5%, the Council of Mortgage Lenders is warningMichael Coogan, director-general of the CML, says the decision to increase rates should have come as a surprise to nobody. He says: “This could mark the start of a cooling off […]

Link Lending goes for Phoebus

Bridging lender Link Lending has chosen Phoebus Software to supply its loan origination and servicing platform. Phoebus has produced a bespoke version of its software for Link’s bridging loan process and further developments including online case tracking, decisions in principle and Key Fact Illustrations, are in the pipeline.

Please make Isabelle Kassam go away and leave us alone

From Chris Gardner Why is Isabelle Kassam so bitter? Week after week she rants on about how bent this industry is. It’s getting boring. Last week she was waffling on about Shabby Abbey. Why is it shabby? Can she qualify her criticism? Her opinions are not wanted or needed. Please make her go away. Chris […]


DB transfer showstoppers

By Jim Grant, Senior Product Insight & Technical Support Analyst Transfers from defined benefit (DB) schemes are a bit of a hot topic just now. In this article we look at a couple of factors that could prevent a transfer from happening Equalisation of pensions Prior to the Barber case in 1990, DB pension schemes typically provided […]


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