From Nigel PayneIn response to Simon Mouncher’s letter on the packager market – we at The Mortgage Business believe a little balance is required. Some talk of the future looking bleak for packagers, but not all lenders endorse this view. People have been predicting the end for packagers for some time, and how wrong they have been. Many lenders are using technology to offer solutions to brokers, mostly driven by regulatory requirements but also to meet the demand. And this process will continue. But there is an opportunity for the packaging community to embrace change and use existing systems better or develop new ones. A number of our key packagers are doing just that (Solent and Mortgage 2000 for example). From a strategic stance, TMB is firmly behind packagers and indeed we see packagers as being closely linked with our own growth. It is TMB’s intention to be the number one lender to packagers and to gear all our developments to them. If there are any packagers who harbour doubts about our intentions, they can contact us and we will be happy to talk to them.
- Top trends
Staff at Rotherham-based independent adviser Mortgage Talk will be taking part in BBC Radio Sheffield’s The Big Challenge later this month. Scheduled to run for up to six weeks, The Big Challenge is intended to raise awareness of the importance of a healthier lifestyle at work, and challenges participants to commit to doing something to […]
The Mortgage Business, HBOS Group’s packager-focussed lender, has revealed the products that will take the company into 2006. The portfolio focusses on three areas – self-cert, self-build and ‘House 2 House’ (for buying a second property for investment) mortgages. Each range has some products that are free from early redemption fees and that come with […]
A garage in central London could be sold for more than 300,000 this week – at least twice the price of an average first-time buyer home. It is on the market for 300,000 but will go to a sealed bid this week as it has attracted so much attention. This means it is likely to […]
The question and answer sections on the regulator’s website are valuable sources of regularly updated information for consumers and intermediaries, says Bill Warren
By Simon Halifax, senior marketing consultant For a few years now, mortgage advisers have probably been warning their clients that there’s only one direction that the interest rate is going and that’s up (well, I know mine has!). However, the financial landscape changed when the UK voted to leave the European Union last month and […]
News and expert analysis straight to your inboxSign up