The Co-operative Bank and Britannia have seen a 31% increase in like-for-like mortgage applications in the first half of this year.
- Top trends
Sesame Bankhall Group completed £12.7bn worth of mort-gage applications in the first six months of 2010. The group includes the largest mortgage club in the UK under the PMS brand and the Sesame network, which has more than 2,500 members writing mortgage and insurance business. John Cupis, managing director of PMS, says: “Since the merger […]
The future of interest-only mort-gages was called into question again last week, with Coventry Building Society dropping it for first-time buyers. Coventry, the UK’s third largest society, will only offer interest-only to home owners and only up to 75% LTV. Any proportion of the loan higher than this must be on a repayment basis. And […]
Lloyds Banking Group is staying at the forefront of the market by pre-empting many FSA requirements. It’s also a firm believer in the power of brokers, as the lender’s head of intermediaries Peter Curran reveals
Linx FS has joined the Personal Touch Financial Services network. Until recently the network was an appointed representative of AllMyPlans.com. Linx is offering two propositions under PTFS – an appointed representative model and one for advisers who would like to remain under the Linx umbrella as registered individuals. Former BDS Mortgage Group directors Phil Jay […]
According to our recent report on the death of retirement, changes in workplace pension provision mean that coming generations of retirees could have a radically different experience of retirement from their parents. The average contribution rate into an old-style final salary pension was around 20 per cent of total wages, the statutory minimum for a […]
News and expert analysis straight to your inboxSign up