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Whitehall unveils agency plans

The government has outlined how regeneration agency Communities England will help deliver new housing. It will replace two existing agencies and will aim to boost supply to more than 200,000 new homes a year by 2016.

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MI adds CMS to its panel

Mortgage Intelligence has added Commercial Mortgage Solutions to its panel.CMS will provide Mortgage Intelligence members with a whole of market choice for commercial enquiries.Sally Laker, managing director of Mortgage Intelligence, says: “Mortgage Intelligence has always stood for providing the best in products, service and compliance support to our appointed representatives and members. “Our decision to […]

Loanoptions wins emerging business award

Loanoptions.co.uk, the Wilmslow- based secured loans business, has won the Emerging Business Award at Ernst & Young’s Northern Region Entrepreneur of the Year awards. The awards were held on June 18 at the Hilton Hotel in Manchester. Loanoptions.co.uk is owned and run by Andrew Moody, who set up the business three years ago. It has […]

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 […]

Repayment mortgages losing their market share, says Paragon

The past decade’s trend towards repayment mortgages over interest-only deals maybe beginning to turn, the latest research by Paragon Mortgages reveals.Paragon says that since 1996 there has been a demise of endowment mortgages as people lost confidence that their policy would generate sufficient funds to repay the original loan. Instead a growing number of home […]

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