Hometrack has reported a 400% rise in the use of automated valuation models. It says lenders are looking for objective valuations of their portfolios to protect themselves during the credit crunch. Oliver Hughes, director of capital markets at Hometrack, says: “Large lenders and mortgage-related investors are looking to AVMs to value portfolios, reset LTVs and identify areas of risk. They also seek more transparency and a betterunderstanding of their assets.”
Making proc fee adjustments is good news for packagers says Mortgages for Business.
Tiuta has launched an online case tracking system that allows brokers to check the status of their clients’ bridging loans.
Bridgingloans.com has partnered with mortgage packager and distributor, Complete Mortgage & Loan Services.Under the agreement, Complete will now offer Bridgingloans.com’s bridging loans in addition to its core range of packaged mortgage products. This will increase the availability of bridging loans for brokers throughout England, Scotland and Northern Ireland, who are looking to make their portfolios […]
Future Mortgages has decided to stay in the secured loans market and is accepting cases again. Ian Warrilow, head of secured lending at Future, says: “We are back to where we were and accepting applications.”
Arguing that the eurozone crisis is over, watch Rob Burnett, head of European equities at Neptune, discuss the sectors that he’s investing in to harness the recovery.
In the video, Burnett addresses the following:
• The primary drivers of the eurozone’s economic recovery
• The turnaround in individual countries’ current accounts
• Sectors best positioned to harness the recovery, without offering undue exposure to risk
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