The regulation of secured loans could be just around the corner, says loan packager Loanoptions.co.uk.The secured loan packager believes brokers should brace themselves for more regulation rather than less in the future. Andy Moody, managing director of Loanoptions.co.uk, says: “There is no doubt that there will be more regulation. The second charge market already comes under the Consumer Credit Act but the loans industry is ready, and if it
From Jonathan Burridge Following up my recent letter (Mortgage Strategy, October 24), I feel I must make amends. With the help of our Abbey BDM Richard Guppy, and the team at the Barnet office, Abbey recently took a remortgage application from credit score through to completion in 11 days. So, I can tell Abbey and […]
County Mortgage Group, the company which owns c2-financial and c2 secured, has today revealed a huge leap in turnover for the year ending September 2005 of just over 46%.The company’s turnover now stands at just over 6m and this news comes on top of its recent announcement that profits trebled during its financial year to […]
Voting in Pink Home Loans’ 1000 Index has now closed which means a lucky winner has been chosen for expressing their views on industry issues in the survey. Kerry Megginson of Brideshead Independent in Malton was independently selected as the recipient of 250 in gift vouchers for taking part in the survey.
Mortgage Strategy last week revealed that the Association of Mortgage Intermediaries had convened a special meeting with senior industry figures to discuss the impact of Home Information Packs. One of the concerns raised at the meeting was that HIP providers could cut brokers out by offering customers a mortgage proposition. Industry pundits are concerned about […]
Those with decent-length memories will recall that in the 2014 Budget statement George Osborne announced the new (and entirely unexpected) pension freedoms. The new rules come fully into force in less than two weeks.
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