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Salt retains CMLS after restructure

Salt has retained Complete Mortgage and Loan Services as one of its select packagers following a reorganisation of its packager panel. Complete says lenders are looking to form stronger relationships with larger distributors.

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House prices may need to fall 30%

A Monetary Policy Committee member has warned house prices may need to fall 30% to restore a more sustainable house price-to-earnings ratio.

Rightmove sounds warning over house prices

Rightmove is warning there could be an overcorrection in house prices if confidence between lenders does not improve.The website’s house price index re-leased last week shows that the average asking price fell 3.7% between March and April, while the average unsold stock held by estate agents rose from 67 to 70 properties.Rightmove says the correction […]

Small firms must partner the big boys

Lenders are likely to cut smaller brokers out of their work thanks to prevailing market conditions so to survive they must seek out relationships with bigger brokerages, says Rob Clifford

Remortgaging tops broker business

Research carried out for Mortgage Strategy reveals the importance of remortgaging to brokers.In a poll conducted by Alliance & Leicester in February, 105 brokers were quizzed on how their completed mortgage cases break down.On average, brokers say remortgages make up 58% of their business, with buy-to-let and first-time buyer mortgages lagging at 20% and 18% […]

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