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FSA soothes self-cert fears

The FSA has attempted to calm concerns about the future of self-certification mortgages.

Speaking at Tuesday&#39s Mortgage Business Expo, Sarah Wilson, head of high street firms at the FSA, stated that there were still no plans to make any regulatory changes.


Solent Mortgage Services appointed to MGM Home Finance panel

Solent Mortgage Services has been appointed as one of two non-conforming distributors to the introducer panel of MGM Home Finance. MGM Assurance has recently launched MGM Home Finance as a mortgage service provider for brokers seeking appointed representative status. By installing SMS as one of four outsourced mortgage desks, MGM Home Finance will gain access […]

AMI seeks local chairmen

The Association of Mortgage Intermediaries is encouraging brokers to apply to become regional chairmen of the trade body as part of its plan to set up a local branch structure. In its next stage of development AMI plans to set up a regional structure and as part the process the body is seeking intermediaries who […]

NatWest increases SVR to 5.84%

NatWest Mortgage Services is increasing its standard variable rate by 0.25% to 5.84%, effective from December 1 2003 for new and existing customers. The interest rates on the NatWest One current account mortgage will also increase by 0.25% to between 4.85% and 5.45% with immediate effect. The interest rate charged on NatWest&#39s Flexible Choice mortgage […]

Firms deny pulling deals due to media frenzy

The Mortgage Business and Bristol & West have both denied that the withdrawal of their 90% LTV self-cert products is a result of the media furore surrounding the market. Brokers see the move as a clear sign of lenders reacting to accusations of mis-selling levelled at the market in The Money Programme. But TMB tells […]

Finance is only one hurdle for small developers

The housebuilding market in its current form simply isn’t working. We are completely over-reliant on the biggest players in the industry – the largest nine are responsible for more than 50 per cent of the new homes built in the UK. But there is a reluctance to do more, particularly in this uncertain post-Brexit world. And with […]


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