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December gross lending hit £18.1bn

Gross mortgage lending in December 2006 was £18.1bn, 7% more than the £16.9bn seen in December 2005, reveals the British Bankers’ Association. In line with seasonal patterns, this total was down on November 2006’s record of £21.4bn.

There were 123,518 mortgage approvals in December, with an aggregate value of £13.4bn. The average loan approved for house purchase was £146,400.

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Is the government’s free advice proposition a good idea?

The government is proposing to introduce a free financial advice service in a bid to ensure everyone has access to quick and simple generic financial advice. The government has set up a task foce to explre options for the service which it hopes to have up and running by 2013.

So this week Mortgage Strategy asks: Is the government’s free advice proposition a good idea?

Em- appoints BDM for Ireland and Scotland

Em- has appointed a business development manager for Ireland and Scotland.Helen Connor will be based in em-s Scottish office and will support field based BDM Linda Grant for the same area. Connor will both be focussing on managing broker accounts, providing a customer service function and helping brokers with their revenue streams.Roger Morris, managing director […]

Checklist to speed up packaging

Commercial First has introduced a submission checklist to improve speed and accuracy in the submission of packaged mortgage applications. It includes a summary of the application plus a list of documents to be submitted, and is cross-referenced to the product to which the application refers.

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