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Property specialist urges caution over arrears

Residential Property Solutions has warned mortgage brokers not to be lulled into a false sense of security by arrears forecasts

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CAN YOU HAVE A POP TO WIN THIS BOTTLE OF MIGHTY FINE CHAMPAGNE?

The boys from London & Country in action during a recent charitable boxing match Can you put the boot in to your nearest and dearest to win this delectable bottle of bubbly? In addition, competition sponsor Tiuta will donate £100 to Great Ormond Street Hospital. Submit a witty caption for the photo above and you […]

Standard proc fees will demonstrate we are impartial

With regard to the proc fee debate I am against a ban on proc fees. It is a fee that lenders pay to brokers to deal with applications and customers on their behalf. I do think a consistent proc fee, say 0.5%, across the board for every lender, will show customers that intermediaries are impartial. […]

We need to save the public from banks’ grasping tentacles

One of the debates on Mortgage Strategy Online last week was how the future would be with brokers charging a fee for advice instead of a proc fee. In my experience borrowers are usually mortgaged to the hilt and are likely to be unable to pay a reasonable fee to get advice, thus throwing themselves […]

JOHN MAWDSLEY, CHIEF EXECUTIVE OFFICER, OMNII SOLUTIONS

Money laundering rules affect us all

If you thought the Financial Services Authority fining the Royal Bank of Scotland £5.6m for failures in money laundering controls had nothing to do with you, think again. This is a wake-up call for all financial organisations regardless of size. Compliance with money laundering legislation has always been a serious business but now the consequences […]

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