I read with interest your article regarding Moneysupermarket.com closing its Encore system and moving brokers to Mortgage Brain (Mortgage Strategy Online).
The level of mortgage approvals for house purchase in January has remained static at 31,000, figures from the Bank of England reveal.
Arrears on sub-prime mortgage loans in the UK hit a record high of 28.6% for Q4 last year, research from Standard & Poor’s shows.The Q4 report from S&P Ratings Services reveals that the comparative figure for Q3 was 25.1%.Outstanding arrears over 90 days are now at 12.5%, up from 10.3% the previous quarter.Repossession cases have […]
Lloyds Banking Group says that profits before tax fell 80% from £4bn in 2007 to £807m in 2008 and warns that the switchover from single premium PPI to a monthly product will hit revenues in 2009.
By Ewan McAlpine, Senior Client Portfolio Manager In uncertain times, investors naturally seek safety. But in fixed income markets, what does that really mean? Ewan McAlpine outlines the approach RLAM’s Fixed Income Team will be adopting across its credit funds in response to potentially volatile markets this year. Click here for full article