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A base rate increase is on its way, depending on how long Mervyn King can keep the Bank of England members of the MPC to hold the line, and Halifax has listened to feedback and improved services to brokers


Heroes & Villains


Hero of the week is Halifax. It was good to see it cut its rates for the second week in a row and it continues to make positive changes to its service in response to broker feedback. It’s great when lenders take the time to listen.


Villains of the week
are those who criticise high loan to value lending. Clearly they need to be sold and underwritten sensibly but it is not the root of all evil and plays a valuable role in helping people with generous parents get on the housing ladder.


More high LTVs on offer in a bid to capture dwindling FTB market

Competition is starting to hot up in the high LTV market with lenders now offering almost 50% more deals than they were a year ago. The latest figures from show there were only 144 90% LTV deals in February 2010, compared with 214 now. Louise Holmes, a personal finance analyst at Moneyfacts, says: “Higher […]


Do your homework before selling firms

In a recent article about IFA firms’ exit strategies and the best time to buy or sell it was said IFAs should beware sharks in the water. The suggestion was that ’desperate’ firms were sending out the wrong message and they would find themselves at the tail-end of a particularly poor deal. I disagree mainly […]


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