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1.6Bn record lending for TMB

The Mortgage Business revealed 1.637bn in new business for Q1 2007 earlier this month.

The lender says March applications of 686m were better than any monthly total ever recorded by the business. TMB pulled in 402m during January and 549m in February, putting the total figure for Q1 up nearly 40% on 2006.

Nigel Payne, managing director of TMB, says: “I hope these figures finally put to bed these so-called expert opinions that packaging is not as fruitful as it once was, and in fact prove that packagers are on the up.”


Instant B2L offers are imminent

Point-of-sale offers on buy-to-let mortgages are just around the corner, according to automated valuation model providers. Rival providers Hometrack and UKValuation are both putting the finishing touches to systems that will see instant offers for rental-based buy-to-let deals. David Catt, commercial director of Hometrack, says: “We have the rental system ready now. We are just […]

EMoneyfacts adopts MTE

eMoneyfacts is upgrading its broker sourcing system with the Mortgage Trading Exchange and is due to go live in May.

Pink tips 300 ARs

Pink Home Loans has revealed that its appointed representative numbers have exceeded the 300 mark.These figures are released on the back of Barry Meeks, managing director, predicting that Pink would achieve 500 ARs by the end of 2007. Kay Leslie, network services director at Pink Home Loans, says: “I am delighted with our AR numbers […]

Clearing up confusion about the FSA’s attitude to AVMs

This letter is prompted by the huge number of enquiries we have had at UKValuation regarding the recent Financial Services Authority guidance note on the use of automated valuation models. The context of this note is the issuance of the new FSA Prudential Sourcebook and the rules for mortgage lenders including societies. The driver for […]

Can you put a hat on?

By Sarah Scott, marketing consultant You might think the question in the title is a strange one. Perhaps even more so when you learn that it’s one of several asked as part of an assessment for Employment Support Allowance eligibility in the opening scenes of the 2016 film, ‘I, Daniel Blake’. Daniel is a carpenter […]


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