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Swift raises lending limit

Swift has increased its lending limit for first and second charge mortgages for up to 75% LTV to £750,000. The previous limit was £500,000. Swift will continue to lend on properties valued over £750,000 at a reduced 70% LTV.

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Seasonal slowdown “minimal” says Assetz

Assetz says 2006’s seasonal slowdown in the housing market was minimal despite rising interest rates.Its figures show the average rate of growth in December was 9.8% annually, up from 9.6% in November. Christmas 2006 saw a minimal drop in the price of the average UK home of just 282. The annual rate of growth continued […]

FSA could mystery shop equity sector again

Pundits are predicting more mystery shopping exercises in the lifetime mortgage sector following criticism from the regulator that advice is still not up to scratch.

Sesame is the largest network overall

Sesame is the largest overall financial services network with 2,209 appointed representatives, outranking its nearest rival by 61%.

CML reports record December gross lending

Gross lending hit a new December record of 29.4bn, reveals the latest data from the Council of Mortgage Lenders.This was down by 11% on the all-time record of 33.1bn reached in November, but up by 8% on the 27bn of lending in December last year.Today’s data also reveals that a record 346bn was lent in […]

Auto enrolment – so far so good?

Jamie Clark – Business Development Manager The recent report from the Pensions Policy Institute demonstrates the sheer scale of auto-enrolment so far and what we can expect in the future. We’ve pulled out the key information to save you reading the full report. Auto enrolment in numbers Sources: Pensions Policy Institute, The Future Book: Unravelling […]

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