View more on these topics

Don’t tell Darling, tell George

With 12 March almost nigh there’s been a conspicuous absence of Budget Day wish lists – those lengthy and detailed submissions by trade bodies to the Treasury, itemising areas of fiscal reform to help first-time buyers, out of work Northern Rock employees, and with the nationalisation of the lender and an improved social safety net for its customers at risk of being repossessed by the state.

Off the record, we’re told our representative bodies are weary of knocking at the door of No.11 and getting no response, and besides the chancellor has no room to manoeuvre anyhow.

But could that be a bluff, a bit like the government kidding everyone that Virgin was going to rescue the Rock when it planned nationalisation all along?

What it’s really doing is knocking on the door of George Osborne to spin him a line on more help for home buyers and perhaps state-backed guarantees of mortgage portfolios – after all Darling’s pre-budget statement borrowed heavily from Osborne’s proposals at the last Tory Party Conference and history, as they say, has a habit of repeating itself.


Stock Picker

Alliance & Leicester and Bradford & Bingley shares rose this week thanks to takeover rumours.Following disappointing results, investors speculated that both lend-ers’ valuations now look tempting to predators such as Lloyds TSB.But it’s important to note that we’ve been here before, particularly with A& shares went up thanks to the firm recording a 70% increase […]

How to understand your customers and retain them

US academic and business expert Dr Robert L Phillips believes that with 1.4m mortgage loans up for review in a very tricky market, UK lenders should be reviewing their pricing and retention strategy and address the challenge of optimum pricing

Leadpoint discounts all remortgage lead packets

LeadPoint is discounting all remortgage leads through its lead packets service. The offer applies to all mortgage lead buyers who sign up to LeadPoint by the end of next week. The discounted remortgage leads can be filtered by postal area, loan amount, credit grade and LTV. Nick Chapman, managing director of LeadPoint UK, says: “Remortgage […]


News and expert analysis straight to your inbox

Sign up