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AMI welcomes Northern Rock’s return to lending

The Association of Mortgage Intermediaries has welcomed the news that Northern Rock is to increase its mortgage lending, with up to £14bn in new loans by 2011.

Chris Cummings, director general of AMI, says: “It is a positive sign that the government has acknowledged the need to free up lending in the mortgage market.

“This is a first step in the process, but much more action will need to be taken. Northern Rock’s decision to open up lending channels will undoubtedly increase the options available to potential buyers and those looking to remortgage.

“We look forward to working with Northern Rock, which has historically been a strong intermediary lender. We trust their commitment will be just as strong as it re-engages in the lending arena.”

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Northern Rock is to boost its mortgage lending, with up to £14bn in new loans by 2011, a move which could see it return to the 90% LTV market.

Guide

Guide: 10 required letters — what to send, to whom and when?

This guide from Johnson Fleming will take you through the required communication and also give ideas for additional actions that will ensure your auto-enrolment project is a success. The topics in this guide include: the letters you need to send out; what to send and when; the importance of employee engagement; and what to consider as additional communication.

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