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AToM appoints DB underwriter

All Types of Mortgages has appointed an on-site underwriter from DB Mortgages. Dale Jannels, sales and marketing director at AToM, says: “We are delighted to extend our on-site lending presence to 14.”

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Rookie lenders must build on good start

Formula One rookie Lewis Hamilton has climb-ed the podium after each of his seven Grand Prix starts. The last two times have seen him collecting the winner’s trophy, which is fitting for one of the most exciting drivers to have entered the sport in recent years.

Interest-only deals on the up

Research from Paragon Mortgages shows the amount of interest-only business submitted by brokers increased from 11% to 26% between 2004 and 2007. The lender says borrowers and brokers are increasingly opting for interest-only mortgages in preference to repayment deals.

BTL market has grown by 30 times

ThePropertyInvestmentMarket.com says the buy-to-let market has grown by 30 times since Blair has been in power.The website says the buy-to-let market represents approximately 10% of the UK residential housing market having grown from virtually nothing since 1997. By the end of 2006, there were 850,000 buy-to-let mortgages outstanding, worth £94.8bn , from only 28,700 less […]

Ed Payne to join SPPL

Lehman Brothers Mortgage Capital Businesses has appointed Ed Payne as head of sales at Southern Pacific Personal Loans.Payne was formerly head of corporate accounts at Halifax, and will run the SPPL sales force from August, reporting to Guy Batchelor, executive director of sales and marketing.Batchelor, says: “The secured loans market is an important part of […]

How we’re challenging challenger banks

The bridging market has enjoyed an excellent couple of years and, as a result, has seen a succession of new lenders enter the market. That competition has forced all of us to look carefully at how we price bridging loans. Over the past few months we have spent a lot of time on adjusting the […]

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