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The best of the comments from Mortgage Strategy Online

Pre-tax profits have jumped 20% to £43.5m at Coventry Building Society in the first half of 2010:

“Congratulations to Coventry on what are excellent results. Given that it does not dual price I assume a large proportion of its lending growth must come from supporting the intermediary channel. HSBC should take note of this. The only way it is able to grow its book is by offering ridiculously low rates that look as if they are way below the cost of funds.”

LV= research shows equity release is set to become a key area of growth for IFAs: “Advisers have clearly taken on board the importance of the home in planning for their clients’ long-term future. The days of the family home being nothing more than something to leave as a legacy are well behind us. It is now our job to ensure that the family home is considered in each and every single case of providing for needs on later life.”

The Office for National Statistics is conducting a review of house price indices to see of there any gaps in consumer information.

“This is long overdue but it is the media that needs guidelines. It sensationalises any small element of bad news and blows it out of all proportion.”



Outsourcing affordability checks may create two-tier proc fee model

Industry expert Ray Boulger has warned that a two-tier system of brokers may be created if lenders outsource affordability checks to them. Ray Boulger, senior technical manager at John Charcol, says different proc fees may apply to brokers who are trusted by lenders and those who are not. In a feature for Mortgage Strategy TV […]

Rent arrears dive as year-on-year B2L returns jump

Rent arrears hit a two-year low of £213m in July despite landlords raising rents for the sixth month in a row. The latest buy-to-let index from LSL Property Services shows the average rent now stands at £676 – 2.3% higher than July last year. The average rent grew 1.4% between May and June this year […]


Guide: reporting to the Pensions Regulator — what and when?

Johnson Fleming has published a step-by-step guide demonstrating the importance of record keeping and reporting, and how it can ensure you operate a successful scheme. The guide takes you through some key questions you need to ask and identifies the information you need to obtain. The topics include: why you need to keep records and the benefits of doing this; registering your scheme; what information you need to record to ensure you meet the Pensions Regulator’s requirements; and what items need to be recorded and when.


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