View more on these topics

L&G begins largest ever adviser survey

Legal & General has issued its largest ever Mortgage Club survey to seek the views of over 7,500 mortgage advisers on the performance of lenders and the major issues affecting their livelihood.

The annual survey will canvass reaction to the FSA&#39s proposals for mortgage regulation as outlined in CP146.

Stephen Smith, director of housing marketing, says: “By October 2004, the date when the new rules take effect, all mortgage advisers will have to operate new working practices to encompass greater disclosure and they will have to review their status.”

He adds: “It is in everybody&#39s interest to see a smooth transition from the current successful MCCB regime to the new FSA arrangements. We will be working to ensure that mortgage advisers who are members of the Mortgage Club are kept well informed about their choices so they can make appropriate decisions about their futures.”

The survey findings will provide information about trends in the mortgage market and about working practices among mortgage advisers.

Recommended

Mortgage Next forms alliance with AXA

Independent mortgage distribution network Mortgage Next has formed a strategic alliance with AXA Adviser Network as part of AXA&#39s Mortgage Solutions. This integrated support package provides advisers with a market wide choice of lenders through a customised Trigold mortgage aggregator package backed up by a general insurance and compliance support package. Mortgage Next will provide […]

NAMBA consults members on appointed rep proposals

The National Association of Mortgage Brokers and Advisers is consulting members on FSA proposals for appointed representatives. Charles Gooding, chairman of NAMBA, says: “The FSA has published CP159, its consultation on appointed representatives, extending the current regime. It is essential that all mortgage intermediaries read this paper because it creates a new regime for mortgage […]

House prices rise 25.3%

The average UK house price rose by 25.3%, or £23,662, during 2002, according to the latest figures from Nationwide. Average prices rose 1.7% in December, to close the fastest year of house price growth since 1989. Nationwide estimates that total gross mortgage lending will have topped £215bn in 2002 – up 36% on 2001. This […]

First year success for Genesis Approved

Genesis Approved, the mortgage club of Genesis Home Loans, has reported a successful first year of operation. Frank Thurlby, head of club operations, says: “Genesis Approved has exceeded all the targets it set at the beginning of the year. Our most important objective was to grow the membership to 400, which was actually achieved in […]

Stop letting targets get in the way of delivery

The positivity at RESI was pleasing to see, with lots of encouraging discussion about the private rented sector (PRS), the possibility (or hope) of stamp duty cuts on the way in the Autumn Statement and the general prospects of residential property in this post-Brexit vote world. However, that positivity was often tinged with some negativity […]

Newsletter

News and expert analysis straight to your inbox

Sign up