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CML chairman gets second term

The Council of Mortgage Lenders has confirmed that chairman Jon Pain and deputy chairman John Maltby will serve second terms in their respective positions.

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Just Retirement business grows

Just Retirement’s business figures for the six months to December 31 2006 show growth in equity release advances of 55% quarter-on-quarter. Mortgage advances have seen a substantial increase and the company says new business quotations and applications are likely to see a continuing strong performance. Just Retirement signed a three-year distribution agreement in November with […]

Stroud & Swindon buys mortgage portal

Stroud & Swindon has bought a mortgage sales portal from software provider TietoEnator. The sale will enable the society to provide its customers and intermediaries with online key facts illustrations in real time and acceptance in principle documentation. Keith Henley senior manager, business and information systems at Stroud & Swindon, says: Our current response time […]

Lenders face big payouts on exit fees

Lenders could find themselves doling out thousands of pounds in compensation to past customers following the introduction of measures regarding exit fees by the Financial Services Authority.

CML reports drop in value of lifetime mortgages

A survey by the Council of Mortgage Lenders has found that although the number of new lifetime mortgages increased, the value of new lending fell in 2006.This reflects a drop in the size of the average new loan from around £45,000 in 2005 to £41,000 in 2006.Further analysis reveals that this trend towards smaller loans […]

Partied out and penniless

December has left me destitute. My piggy bank lies broken and empty, my lunchtime meal deal feels like an extravagant expense and I’m down to the Bountys in my box of Celebrations. But I won’t mourn my dearly departed pennies. Between buying gifts for loved ones (then deciding to keep them for myself) to treating […]

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