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CHL applications rise by 34%

CHL Mortgages reports a 34% rise in applications following its decision to lend on registered houses of multiple occupation and introduce an 85% LTV on new-build flats.

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Lenders are supportive of HIPS says CML

New research commissioned by the Council of Mortgage Lenders reveals how lenders really feel about HIPs and most are supportive.Two thirds of lenders intend to provide packs but some expressed significant concern that the technical standards necessary to build the required systems to use home condition reports in their processes could not be made available […]

25% of small lenders’ and brokers’ KFIs not up to scratch, says FSA

Over 25% of small and medium firms’ Key Facts Illustrations are not up to scratch and still contain errors relating to fees and charges, says the Financial Services Authority. Although large lenders, who account for three quarters of total mortgage lending in the UK, have been praised for making good progress in taking steps to […]

Principality chairman retires

Peter Davies, chairman of Principality, is to retire from the board on June 2006 and will be succeeded by the deputy chairman David Williams.Davies has served as a non-executive director of the society since 1989 and has been chairman since 2000.During his tenure, assets broke through the 4bn landmark and the society received the National […]

Parents can cash in on rising prices

Research from Landlord Mortgages shows parents who choose to buy a property for their children to live in while they are studying at college could make profit of almost 20,000 over the three years of their child’s degree.

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