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Multi-lender cascade system

Lendersonline, the first multi-lender cascade system to integrate Equifax credit search, has been released by the Loan and Mortgage Processing Centre.

The system has a panel of 14 lenders. Of these, half will be able to accept direct business by allowing Lendersonline to submit cases direct to lenders.

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Friends of Earth calls for council tax rebates for green homeowners

Friends of the Earth has made a plea to the chancellor to pour out over 2bn to encourage homeowners to get green.This call follows the green pressure group writing a letter to housing minister, Yvette Copper that has been leaked to Mortgage Strategy.This will involve Council Tax rebates and exemption of VAT on environmental refurbishments […]

SWB lending rose 23% during 2006

Scottish Widows Bank says that mortgage lending for 2006 was £1.03bn – up 23% on 2005. It also says mortgage balances as of December 31 2006 stood at £5.6bn. 2006 was Scottish Widows Bank’s 12th successive year of growth.

Brokers call for Stamp Duty threshold to be upped

Research from GE Money Home Lending has found that half of UK brokers think the Stamp Duty threshold should rise immediately and be fixed at the average national house price.Duncan Berry, director of mortgage sales at GEMHL, says: In what looks set to be the chancellors final Budget, it is important that first-time buyers and […]

IFS equity release questions lack consistency and clarity

With reference to question number one on page 69 of the February 26 issue I am of the opinion that the question and subsequent answer are either incorrect or unclear. The question states: ‘…raise the maximum capital from their home…’. This would indicate a 100% home re-version deal. But with the majority of home reversion […]

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