View more on these topics

Solent reports broker interest in shared ownership product

Solent Mortgage Services, the national branded mortgage arranger, has reported great interest from mortgage brokers in its shared ownership product through Trafalgar Homeloans, SMSs partnership with Preferred.

The product, which allows up to 100% borrowing if the clients share is between 50% and 75%, is available for purchase and remortgage, both full status and self-cert at 2.95% over London Interbank Offered Rate with a 1% discount for the first 12 months.

Paul Robinson, chief executive at SMS, says: “The product was launched at the Mortgage Business Expo and proved to be the hit of the show with brokers.

“It provides greater borrowing flexibility for clients at a keen price and in both self-cert and full status guises.

“The key to the string of good products we have had for Trafalgar has been the feedback from our brokers and the support we have received from Preferred.”


CHL signs up with Focus for online mortgage application facility

Focus Business Solutions, the provider of customer management solutions to the financial services market, signed a new contract with specialist buy-to-let lender,Capital Home Loans Limited at the Mortgage Business Expo for the provision of an online mortgage application solution. Focus has developed a transactional extranet for CHL to support and manage business operations electronically across […]

Intermediaries will punish poor service

Lenders should know what brokers want by now. After all, surveys of brokers’ views give remarkably consistent answers. But some lenders are still failing to provide brokers with anything like the level of service they expect.

Minister opens building centre

Housing minister Baroness Andrews opened the Milton Keynes College Construction Centre last week. The centre teaches young students practical skills. She took a short tour during which she met some of the young students and watched them demonstrating their skills in bricklaying, plastering and plumbing.

6.5bn paid in Stamp Duty and IHT

Home owners paid 6.5bn in Stamp Duty and Inheritance Tax last year, more than four times the amount they paid in 1997, the UK Housing Review for 2005/2006 has revealed. Stamp Duty – at 5.5bn – accounted for most of the tax paid by home owners, but Inheritance Tax bills on property rose to 1.1bn, […]


News and expert analysis straight to your inbox

Sign up