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77% Back IMLA call for a review of MCOB rules

A massive 77% of readers back the Intermediary Mortgage Lenders Association’s call for a review of the Mortgages Conduct of Business rules.

Despite the Financial Services Authority saying last week it has no plans to review MCOB, just 23% of Mortgage Strategy Online readers agree the rules should be left alone. IMLA chairman Tim Dawson called for the FSA to look at ways in which the rules could be simplified and costs reduced.

This week MS asks: Is branching out into lending the future for packagers?

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Is HBOS too conservative in its lending?

Last week senior sources at HBOS questioned whether the UK’s biggest banks’ conservative approach to lending caused directors at The Mortgage Business to walk. The past two months have seen a number of changes across the group within TMB, BM Solutions and Halifax. The bank has also made no secret of its stated aim to […]

Lenders should innovate rather than charge high fees

From Wesley Davidson Why has almost every buy-to-let lender decided to charge fixed rate 1% and 1.5% fees? It seems there is a ‘low rate, high fee’ bandwagon on the move. The Mortgage Works started the wagon rolling and since then lenders have jumped on it in droves. In most cases I have brokered I […]

N&P reduces fixed rates

Norwich and Peterborough says it is reducing rates on its UK and Spanish fixed rate mortgages, with immediate effect. Fixed rate schemes over two years will be reduced from 4.78% to 4.68% (maximum 90% LTV and 699 reservation fee), from 4.98% to 4.84% (maximum 90% LTV and 385 reservation fee) and from 5.34% to 5.24% […]

Kent Reliance named fastest growing society

For the third consecutive year Kent Reliance has been the fastest growing building society in the UK, revealed by the authoritative annual Financial Services Report prepared by leading auditors KPMG.The Kent-based started its process of rejuvenation five years ago and has grown by more than 200% with assets now exceeding 1.25bn. At the same time […]

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White paper — Singapore International Insights

Jelf Employee Benefits assesses key trends within the international private medical insurance provision of organisations with employees in Singapore. Benefit structure, cost management and healthcare facilities are examined and key considerations are highlighted. This edition will be of particular interest to global human resource directors and benefit managers with local and expatriate populations in Singapore.

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