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A view from the floor

Much is said about growth in the non-conforming sector of the mortgage market but little is made of the sustained growth in green lending. Could this be because pundits find it difficult to pin down what a green mortgage is?

All Ecology mortgages have some environmental benefit but you don&#39t have to be green to get one. We are often more flexible than the majority of lenders when it comes to the types of properties we will lend on.

We specialise in lending on dwellings in need of renovation, the conversion of redundant buildings, ecological self-builds and properties of non-standard construction. We aim to increase and improve the sustainable housing stock in the UK by bringing derelict properties back into use and financing low-impact new builds.

And there is a healthy demand for our products. Last year Ecology mortgage completions topped £10m for the first time, taking the society&#39s total assets over £50m.

OK, so Nationwide won&#39t be looking over its shoulder just yet but there is a growing market for homes designed or renovated with environmental impact in mind.

Ecology will continue to support initiatives for the wider application of green building practices – and we are looking forward to our next £50m of asset growth.


MPC will have to perform a balancing act

Swap rates fell slightly last week but not enough to affect any lender rate decisions. • One-year money is down 0.04% to 4.75%• Two-year money is down 0.05% to 4.94%• Three-year money is down 0.02% to 5.06%• Five-year money is down 0.02% to 5.17%Last week&#39s raft of fixed rate increases had been expected – Halifax, […]

IMF says housing crash could hit UK

The International Monetary Fund has warned that the UK may be heading for a housing market crash that could hit the entire economy. In its World Economic Outlook report published last week, the IMF warned that while the UK economy has performed better than most, a shortage of housing, booming prices and rising debt could […]

CML backs Which? campaign to regulate estate agents

The Council of Mortgage Lenders is lending its support to the Which? Move It campaign aimed at introducing mandatory regulation of estate agents. With research showing that less than half of consumers think that estate agents pass all offers to sellers, when failure to do so is a criminal act, Which? is adopting the unprecedented […]

The Mortgage Mole

Running battleHats off to Heritable Bank&#39s head of treasury Kevin Smyth who completed this month&#39s London Marathon – dressed as Elvis Presley! Kevin ran as Elvis to boost sponsorship for the sight disorder charity Nystagmus Network, and achieved a finish time of three hours, 49 minutes. “Running as Elvis earned me lots of attention, including […]

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Guide: Johnson Fleming’s managed auto-enrolment service for SMEs

Johnson Fleming has launched its new managed auto-enrolment service, designed to support SME businesses of up to 250 employees. The managed auto-enrolment service is not just about providing businesses with a software system for them to manage themselves, but more about outsourcing the administration of the project and scheme to Johnson Fleming’s auto-enrolment staff.


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