The Alliance of Mortgage Packagers and Distributors has revamped its reporting and payment structure to guarantee members’ proc fees. AMPD members have committed to a set of payment standards that mean proc fees should be paid within 10 days.
Up to six out of 10 mortgage applications are going to just three lenders, as fewer firms are in a position to offer the best deals.
Prime Minister Gordon Brown has urged lenders to slash their product rates in line with the Bank of England’s 0.25% base rate cut earlier this month. But pressures including rising LIBOR have made it increasingly difficult for lenders to pass on base rate reductions to clients. So, this week Mortgage Strategy asks…Do you think lenders […]
Abbey has withdrawn from the buy-to-let market temporarily to focus on residential business.
It’s funny how we often use the words interesting or challenging when what we actually mean is downright difficult. Certainly there can be no doubt that we are going through a difficult period and it is not just one sector of the mortgage market that is under pressure. At such a time it is easy […]
Last Wednesday was International Youth Day: a UNESCO (United Nations Educational, Scientific and Cultural Organisation) initiative that began in 1999.
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