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Marketwatch – June 2012

My colleague Andrew Montlake is taking a well deserved holiday this week.

Heroes & Villains

Hero of the week
Hero of the week is Platform. Its annual football five-a-side tournament last week once again got some of London’s finest brokers raising money for charity. This sort of interaction with other brokers is invaluable.

Villain of the week
Villains of the week are bad conveyancers. We have had three complaints from clients about poor conveyancing this week alone. When will they get paid for performance and not just for their time?

Recommended

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Prepare to be judged by quality of clients

With the recent announcements that lenders may price on quality of business received, advisers may have to face an uncomfortable truth that they could be judged negatively if they have the wrong type of client.

House prices down 0.6% in June

House prices fell 0.6% in June, taking the average house price down to £165,738, according to Nationwide.

Accord reduces rates

Accord Mortgages is reducing the rates on its two-year fixed and 2-year tracker rates at 75% LTV and introducing two new house purchase products.

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Underwear retailers won’t do the best deal

As Tesco’s will-they, won’t-they foray into the mortgage market rumbles on, another British retailer seems to have stolen a march. Marks & Spencer is gearing up to launch bank branches that will include a mortgage offering.

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  • David bartholomew 30th June 2012 at 5:41 am

    Disappointed not to hear you wax lyrical about the macro issues in Europe. Would be interested to hear your analysis of free market zone vs ever closer union.