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Future suspends new business

Future Mortgages has temporarily suspended taking on new business for its 100% LTV mortgage products.

A spokesman says: “We had a relaunch of our product range in April and saw a substantial increase as a result. But to maintainour service levels, with all the applications flooding in at the moment, we have taken the decision to suspend all new business.”

Future, a subsidiary of Citigroup, says the rest of its product range is still available, and expects to be back to business on the 100% side in the new year. All business in the pipeline will be honoured.

In October, Future rebuffed claims its service was in meltdown after it was accused of taking five days to look at cases, not opening its phone lines until 11am and leaving brokers on hold for 35 minutes.

Recommended says size doesn’t matter has revealed that, when it comes to getting the best deal from a mortgage provider, size doesnt always matter. Rachel McKay, mortgage analyst from, says: “While consumers may assume larger and well known lenders offer the best deals, be more cost effective and generally pass on the benefits of their corporate wealth to […]

Money Partners completes second securitisation transaction

Money Partners has announced the successful completion of its second securitisation transaction in the UK residential mortgage backed securities market. Totalling 400m, and comprising approximately 71% first charge mortgages and 29% second charge mortgages originated by Money Partners, the deal was issued via Kensington Group by Money Partners Securities 2 PLC. The Royal Bank of […]

MPLCs range goes online with TFC Homeloans

TFC Homeloans, the branded lending division of mortgage distributor The Finance Centre, is making Mortgages plcs entire range of affordability based products available online. The product range uses an affordability calculation based on income and expenditure rather than traditional income multiples. Intermediaries also have access to an online affordability calculator, which makes the task of […]

I too had a bad experience when I bought GMF leads

From Andy Crawford My experience with GMF was almost identical and I would urge anybody considering it as a lead source to steer clear. I spoke to a nice lady who told me all about its brilliant conversion rate of 30% to 40% of leads. What she did not explain was that its idea of […]

In Focus Ebola cover - thumbnail

White paper — In Focus: Ebola Virus Disease

Jelf Employee Benefits focuses on Ebola Virus Disease (EVD) and what this means for businesses with operations in West Africa. This will be of particular interest to those with employees either travelling to, or living within, West Africa, the area affected by the most catastrophic outbreak of Ebola to date.


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