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The best of the comments from Mortgage Strategy

Three people, including a former police financial investigator, are sentenced for defrauding mortgage providers out of £4.6m:
“These stories always seem to come to light after mass fraud has already taken place and loans have gone belly up. You’d think lenders would have better fraud detection structures in place by now.”

Staff at Beacon Homeloans have been placed into consultation: “It’s sad to hear this news. I’ve worked with the staff at Beacon and have always
been impressed with how professional and efficient they are. I hope the management team will find funding, but if not I wish them all the best in their new ventures. I know Mark Abbott and Andrew Townsend will have done everything in their power to keep the business afloat.”

The recovery in property prices has run out of steam and they will remain static or even fall, says Datamonitor: “Another headline states – ’Increase in number of home buyer enquiries’. Would it be so bad to have a period of stability in house prices at a time when buyers are looking to re-enter the market? Confidence is the only way forward, and steady price rises would mean more remortgage activity too. Come on buyers, get buying.”


Rob Jupp has been good for the sector and he’ll rise again

How awful it was to read that Rob Jupp and the team at SLS have been placed into consultation. Having had the pleasure of working for Jupp between 2001 and 2009 in various roles at companies including The OFM Group, Personal Touch Packaging and SLS I can say he is a man of honesty and […]



Mortgage Strategy publisher Anna Ruddock (extreme right) on a sailing day with The Mortgage Alliance Can you put the boot in to your nearest and dearest to win this delectable bottle of bubbly? In addition, competition sponsor Tiuta will donate £100 to Great Ormond Street Hospital. Submit a witty caption for the photo above and […]

India Election Update

What a difference six months makes. Speaking in September last year, we had warned of ‘excessive pessimism’ afflicting the market’s perception of India. Since then, responsible central bank policy from the Reserve Bank of India (RBI), alongside improving global growth, has meant that India’s macro environment is strengthening quickly. The current account deficit has shrunk, inflation is falling and the government has embarked on a heavy dose of much needed fiscal consolidation. As a result, the rupee has been one of the strongest global currencies this year while the market has touched all-time highs, rallying by more than 20 per cent (GBP) since September. This begs the question: are we now in a period of ‘irrational exuberance’? Not yet.


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