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Data for February shows another spike in year-on-year gross lending

Gross mortgage lending in February was almost identical to the previous month but increased significantly year-on-year, according to the Council of Mortgage Lenders. Lending in February was an estimated £10.7bn, relatively unchanged on January’s £10.65bn but 14% higher than February 2011. Bob Pannell, chief economist at the CML, says that while a seasonal decline is […]

Advisers must warn about excess dangers

In this age of austerity, it’s not surprising that home owners look to save money on everything possible, and buildings and contents insurance is probably high on the list.

Clients advised to avoid HSBC to prevent delays

Estate agents have started to advise mortgage borrowers against using HSBC because of its recent decision to cut its conveyancing panel to just 42 firms, says The Law Society. The lender made the decision in January and although customers are free to choose their own solicitor, HSBC will still use a panel firm for its […]

AToM offers 1.5% proc fee

All Types of Mortgages is offering brokers a 1.5% proc fee on cases placed today through Precise Mortgages’ short-term lending range.