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Brokers wash hands of borrowers

Some 38% of brokers polled by the Intermediary Mortgage Lenders Association claim it is not their job to support borrowers in financial difficulties.

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Brokers urged to cash in on EPCs

FastTrack is urging brokers to take advantage of the opportunities offered by the full rollout of Energy Performance Certificates.The energy assessor training firm says more than 1.6 million residential rental units and commercial and public buildings will need to be assessed from October when EPCs are extended to cover the whole market.FastTrack says brokers are […]

CML Figures

The Council of Mortgage Lenders’ gross lending figures for February, showing a decline of 7% on January to around £24bn, weren’t as bad as some had expected but are a good reflection of what’s happening in the mortgage market at present. The stories about how much more difficult it is to get a mortgage and […]

Smokers and drinkers pay more

Tax on cigarettes has been increased by 11p a packet while cigars are 4p dearer. Tax on alcohol will rise by 2% above inflation over the next four years. Tax on beer is up 4p a pint, on bottles of wine by 14p and spirits by 55p.

CHL to make 50 redundant

CHL Mortgages has revealed 50 redundancies as part of plans to slash mortgage business in the coming months.The specialist lender and subsidiary of Irish Life & Permananent says it will spend 2008 focussing on credit quality and margins.The redundancies represent a fifth of the firm’s 250 person workforce.Bob Young, managing director of CHL Mortgages, expressed […]

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Has Britain really stopped saving?

By Steve Webb, Director of Policy and External Communications Our latest policy paper reveals what the fall in the savings ratio does (and doesn’t) mean In June 2017, the Office for National Statistics published its estimates for the ‘savings ratio’ for the first quarter of 2017. This is essentially a measure of the percentage of […]

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