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MfB boosts staff numbers

Mortgages for Business has increased the number of staff in its business-to-business operation. Mike Freeman, who previously worked for Mortgage Trust, has been appointed to manage MfB’s technical desk and deal placement team.

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Bailout may not be enough to save PM

How many more redundancies will it take before Prime Minister Gordon Brown realises he needs to help the mortgage industry? The loss of 50-plus jobs at edeus last week is another hammer blow to the market and a sure sign, if one were needed, that the worst is yet to come.

BoE reveals individual lending fall

Bank of England figures published today reveal that the rate of increase in individual lending is on a downward turn.

PMPA urges lenders to give more notice

The Professional Mortgage Packagers Alliance is calling for lenders to give more reasonable notice when withdrawing products.

Bridging is no longer a dirty word

It’s not that long ago that short-term finance, or, perhaps more specifically, bridging finance were viewed as dirty words by mortgage brokers. The rates on offer were punishing, meaning there were only a handful of situations where it would be appropriate to arrange one. Some lenders didn’t exactly uphold great reputations for service standards either; […]

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