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JEREZ 2006: Brokers must embrace sub-prime says Platform

The evolution of the sub-prime market over the last decade means this market has never been more accessible to brokers, says Platform.

Speaking at the Mortgage Summit in Jerez, Guy Batchelor, sales and marketing director at Platform and chairman of the Intermediary Mortgage Lenders Association, gave his personal view as a veteran of the sub-prime market and says brokers should embrace it and its earning potential.

He adds that while in the past only a handful of lenders offered adverse products, with high interest rates, in the last two years more high street names have seem its potential, resulting in lower rates and wider product ranges.

He says: The sub-prime market has really grown up with mainstream brokers and even IFAs offering non-conforming products to their clients.


NR 18-month mortgage gets mixed reception

Northern Rock’s 18-month flexible fixed rate mortgage has received mixed reactions in the industry. Rates start at 4.49% and borrowers can choose between paying a lower rate with a product fee of 695 or a higher rate of 4.79% with no product fee. The range also offers LTVs of 75%, 85%, 90% and 95%. Andy […]

Would a property with a flag put you off? has warned that football fans should avoid hanging English flags outside their homes if they want to sell during the World Cup.It warns that this could not only put off potential buyers but might also decrease the value of the property.So, this week Mortgage Strategy asks…Neil Johnson, 38, sales manager – The fact that […]

Predicting rates is a dangerous game

As central banks around the world edge interest rates upwards and concern builds that the US Federal Reserve will follow suit, the consensus of opinion is that UK interest rates will finish the year higher than they are now.

Complete unveils World Cup draw

Complete Mortgage & Loan Services has launched a World Cup draw to run from June 9 to July 9. Each case submitted by brokers during this period will qualify for a ticket in a prize draw with the chance to win one of five flat screen TVs.

Healthcare regulation amalgamation predicted for Gulf states

While Dubai is leading the way in terms of legislating for expat healthcare in the Gulf, Qatar, Abu Dhabi and others are watching and learning – that’s according to Jelf International’s director of international services, Doug Rice. He believes the pace of change in the Gulf states will continue and that some level of unified healthcare system will be introduced across the region.


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