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100% + Mortgages (3)

That’s it then…the end of an era as BM and Mortgage Express pull their 100% plus range of mortgage products. I think that just leave Dunfermline Building Society in Scotland and Scottish Widows on a professional basis that offers something similar.

Let’s face it, the reality is that it is not such a bad thing that this type of product has been suspended for now. Despite some obvious advantages, (see previous posts below), and the negative effect it will have on first time buyers, given the environment at present this seems to be the most sensible option.

I do think, However, that this is just a suspension until the market starts turning and we could see these types of products back before the turn of the year even. It will be interesting to see who is the first brave lender to come back into this market – let the betting commence.


Kensington appoints new head

Keith Street has been appointed as the new head of Kensington and will effectively replace the role of outgoing chief executive Alison Hutchinson.

Duffy and Glithero fall foul of liquidity crisis

Kevin Duffy, managing director of Robert Sterling and Mark Glithero, managing director of Lexicon Surveying Services, have both fallen victim to the liquidity crisis and been made redundant from parent The Lexicon Group.

Stock Picker

End of year results from HSBC rounded off the banks’ reporting season last week. Despite record write-downs, the group still managed a £1.1bn increase in pre-tax profits to £12.2bn, with growth in Asia and emerging markets offseting weaknesses in the US. The profit share generated by the North American market collapsed from 21.1% to just […]

Cobalt & Cavendish

Good news here in that we have finally completed the acquisition of Cavendish Mortgages.On the mortagge side we now have 3 well-respected brands in Cobalt Capital, Square Mile and now Cavendish, who are a fine addition to the Cobalt Group.We are delighted to have them on board and not only do we now have one […]

Get your New Year off to a flying start

Ross Jackson, Senior Marketing Manager There’s no denying that these days we expect things quickly. You might have noticed it first-hand during the flurry and rush of the Christmas period. The fact is that in a world of smartphones, social media and click and collect, most clients expect to get an instant response and a […]


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