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Flooding strikes mortgage industry

Severe flooding throughout the UK has hit the mortgage industry hard with everyone from managing directors to press officers stuck at home because of submerged roads and suspended public transport.

Rivers and reservoirs have engulfed towns and villages in South Yorkshire, Lincolnshire, Nottinghamshire and Shropshire causing havoc for residents and local workers. Scotland and Wales were hit by some of the worse weather for decades too.

Mortgage Strategy has heard reports that some members of the mortgage industry living in these areas have been unable to reach the office, meaning businesses have had to carry on without them as the rain continues to fall.

Have you been affected by the flooding?

Send your stories and photos to or call on 0207 9704850.


Household debt highest in 10 years, say Lib Dems

Households are paying more of their income servicing their debts than at any point in the last decade, the Liberal Democrats Party warns.The party says personal debt, as a proportion of income, has risen from 105% in 1997 to 164% last year, the highest ever recorded and the highest in the developed world. And the […]

Close B2L range under fire

Close Mortgages has been slammed for underwhelming the market with the pricing of its buy-to-let range.The criticism comes as the lender is rejigging its range in response to the stiff competition it faces.One source tells Mortgage Strategy that the Close Brothers-owned specialist buy-to-let lender has been struggling as a result of its uncompetitive range and […]


What a surprise. After weeks of relentless increases, shorter term swaps fell slightly, although five-year swaps edged up. This is the first weekly fall in one, two and three-year money since the middle of April. And after 10 weeks of increases, it’s great to see reductions at last, albeit minor ones.

Helping clients understand decisions

Over the past few years, the protection industry has made a lot of progress in addressing the issue of consumer trust, in particular by reducing the number of declined claims.


Neptune video: Abenomics: the impetus for Japan’s fast-track recovery?

The remarkable performance of the TOPIX over the past year has caused many sceptical equity investors to look again at the Japanese market. These returns have come despite very significant problems facing the Japanese economy. Chris Taylor, manager of the Neptune Japan Opportunities Fund, discusses these problems and whether Abenomics will be able to overcome them, enabling the market to continue to rise.

In the video, Taylor addresses the following:

• The size and speed of Japan’s unprecedented monetary policy
• Abenomics and the implications should it fail
• Corporate Japan and beneficiaries of government policy


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