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JEREZ 2006: Securitisation market not in peril, says Mortgages PLC

Mortgages PLC has rubbished claims that there are currently difficulties in the securitisation market, and adds two divisions of securitisation lenders are emerging.

Speaking at the Mortgage Summit in Jerez, Peter Beaumont, deputy chief executive officer at Mortgages PLC, says some of the lenders entering the securitisation market have been na and the knock-on impact has meant a creation of a first and second division in the securitisation market which investors are now wising up to.

In May Rooftop Mortgages saw its securitisation rating downgraded, sparking concerns that the entire securitisation market could be adversely affected.


JEREZ 2006: Success of new entrants questioned

Lenders have cast doubts on how successful the new lenders entering the market in 2006 will be. Speaking at the Jerez Mortgage Summit on June 21, Charles Haresnape, managing director of mortgages at the Bank of Scotland, said centralised lenders dont normally last the term and questioned whether the crop of new lenders jostling for […]

Halifax branch adviser takes top prize for poaching clients

From John Sparks Having been in the financial services industry for nearly 30 years I have come across many advisers who have tried to persuade clients that the contract they offer is better than the one advised by us but I think the mortgage adviser in our local Halifax branch must take the top prize […]

Consumers want online bargains

Nearly twice as many people would be likely to apply for mortgages online if they were sure they were getting the cheapest deals available, research from Direct Line Mortgages reveals. The findings were unveiled last week as Direct Line launched its first online-only mortgage – a two-year tracker at 4.19% which reverts to a long-term […]

SHIP welcomes Retirement Plus

Safe Home Income Plans has welcomed Retirement Plus into its fold. The equity release industry body granted it membership recently, taking the number of SHIP members to 20.

Spring has sprung

Well, it’s been lovely to see a little bit of sunshine, even if it was only a brief appearance. I live in Scotland so, believe me, it was very brief.  Of course, with even the tiniest hint of spring, thoughts turn to the inevitable clearout that must take place.  And that got me to thinking […]


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