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Packagers stress importance of sub-prime

Almost 90% of packagers polled by The Mortgage Business think the sub-prime is the most important market segment from their point of view and an area vital to future business.

Self-certification was voted as the next most important segment with more than four in ten saying that it is vital, followed by one third citing buy-to-let.

One in seven say mainstream mortgages are considered vital while exactly the same proportion claimed this area is not at all important to their future business as a packager.

Only one in five packagers think the most positive thing about the future of the packaging industry was the continuing strength of their companies.

Nigel Payne, managing director at TMB, says: Its no surprise to hear that confidence is high within the sector and our commitment to packagers as a key distribution channel remains firm.

Despite some doom-mongers casting aspirations to their future, the sector has continued to thrive post-regulation and there is no reason why it should not continue to do so.


GEMHL launches direct-to-broker range

GE Money Home Lending has launched a direct-to-broker range through Mortgage Intelligence.Data compiled for the specialist mortgage provider suggests that while the market will enjoy approximately 35% growth by 2009, the direct sector will expand much more rapidly, accounting for almost three quarters of this growth. Duncan Berry, director of mortgage sales at GEMHL, says: […]

AHIPP dismisses NAEA petition

The Association of Home Information Pack Providers has dismissed the National Association of Estate Agents rebellion against Home Information Packs.Mike Ockenden, director general for AHIPP, says: While we are aware of the recent HIPs petition, which NAEA president Charles Smailes has posted on the Prime Ministers website, we do not see this in any way […]

Housing equity is three times mortgage debt

Halifax says housing equity significantly outweighs mortgage debt, with UK private housing stock now worth £3.8trillion. This means housing equity is more than three times the value of the outstanding mortgage debt of £1.1trillion. The value of housing stock has increased by 78% in the past five years, rising by 12%, or more than £400bn, […]


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