View more on these topics

BBA lending figures point to July rate rise, says RICS

The Royal Institution of Chartered Surveyors says lending figures from the British Bankers’ Association suggest a rate hike in July is inevitable.

Oliver Gilmartin, senior economist at RICS says: “The latest lending figures confirm the Monetary Policy Committee’s concerns that the housing market has been resilient in 2007 making a further rate hike guaranteed in July.

“Many indicators point to a slowing housing market in recent months with house price inflation expected to slow sharply into the Christmas period.”


Foreign aid for sophisticated clients

Foreign currency mortgages managed by specialists can offer substantial advantages to high income clients so brokers should consider offering this facility, says Cormac Naughten

Case sparks disclosure fears

Buy-to-let could be the first casualty in the wake of the recent court ruling on the non-disclosure of commission payments.In the case of Hurstanger versus Wilson, secured loan borrower Delroy Wilson took lender Hurst- anger to court over a commission pay-ment it made to his broker.Wilson claimed his original contract with the lender was void […]

Market slowing, say experts

Lending in May reached re-cord highs but lending trade bodies still say the housing market is slowing down.The Council of Mortgage Lenders says gross lending reached a new May record of £30.6bn.This is up by 12% on April’s figure and up 5% compared with the same month in 2006, when lending hit £29bn.The Building Societies […]

Mixed messages

An experiment to discover the consistency of sourcing systems’ results shows the difficulties brokers face when using them, says Rob Roberts


News and expert analysis straight to your inbox

Sign up