View more on these topics

Lenders must not walk away from their responsibilities to identify fraud

From Nick Baxter

I read with interest the anonymous letter in the September 1 issue of Mortgage Strategy that commented on my article ‘Delinquents are running out of space’ (Mortgage Strategy August 25).

The mystery writer said lenders that turn a blind eye to suspect brokers are equally culpable. I agree.

As I stated in my article for the July 21 issue of Mortgage Strategy entitled ‘The watchers are not without blame’, we need to hound out brokers who submit fraudulent cases.

By the same token the lenders that turned a blind to such cases when house price inflation minimised risk and market share was the Holy Grail are not blameless. They should not be allowed to walk away from their responsibilities.

Nick Baxter

Director of mortgage promotions and partner at Baxters Business Consultants

By email


Rescue Mission

US moves to save Fannie Mae and Freddie Mac stand in stark contrast to our government’s feeble efforts to resuscitate the market, says Christine Toner

IMLA calls for action from BoE

The Intermediary Mortgage Lenders Association is calling on Bank of England governor Mervyn King to urgently address the lack of mortgage finance and boost investor confidence.

Nationwide must exercise power wisely

It’s been just over a year since Nationwide and its 14 million members celebrated the completion of its take-over of Portman.

China tech and Global Alpha: a new great leap forward

By Robin Geffen, Fund Manager and CEO

Internet giant Alibaba is exactly the type of entrepreneurial company that the high-conviction, top-performing Neptune Global Alpha Fund seeks to invest in. Established just 14 years ago in an apartment in Hangzhou, today Alibaba is larger than Amazon and eBay put together and is challenging some of the most powerful internet companies in the world…

Read more 

Important information

Investment risks

The value of an investment and any income from it can fall as well as rise and you may not get back the amount originally invested. Forecasts and past performance are not a guide to future performance. Some information and statistical data herein has been obtained from sources we believe to be reliable but in no way are warranted by us as to their accuracy or completeness. These are Neptune’s views and as such this document is deemed to be impartial research. We do not undertake to advise you of any change to our views.


News and expert analysis straight to your inbox

Sign up