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Precise Mortgages and Aldermore entering the market was welcome news while recruitment moves at Portillion and Platform also seem to indicate better times ahead in the specialist sector



HEROES OF THE WEEK are Aldermore and Precise Mortgages for launching into the intermediary sector. With so much bad news in the mortgage sector it’s good to finally see some positive stories beginning to emerge and some new faces entering the marketplace. These firms will boost competition.


is Abbey for Intermediaries which sent out an email entitled ’Changes to our lending criteria guide’ in which it mentioned that it was making alterations in areas such as “the types of property/loan that we do/do not lend upon”, but neglected to tell us what the changes were – we had to work them out for ourselves.



Snowdon ready to scale the heights

When lender Aldermore recently launched a residential mortgage arm it was Colin Snowdon’s third mortgage start-up. And given its liquidity in a dislocated funding market and the niche he has identified, he believes it has a clear space in which to flourish

FSA introduces £1,000 flat fee for mortgage firms

The Financial Services Authority has followed through with its plan to introduce a £1,000 flat fee for regulated mortgage firms – a 33% fee increase. The regulator has increased its annual funding requirement for the mortgage sector from £10.9m in 2009/10 to £14.4m for 2010/11. Larger mortgage firms and networks will have to use the […]

Criticism of FSA’s approved persons plan is overblown

While I have the greatest respect for Robert Sinclair and everyone at the AMI the suggestion that the FSA’s approved persons assessment could mean brokers with minor credit blips are excluded is overblown. The FSA has always asked questions about credit histories and criminal convictions – including drink-driving – as part of its approved persons […]


Get new-build funds to first-time buyers

Prospects for the new-build sector of the housing market are expected to improve this year. The government is keen for new-build to prosper, having committed £443m in the first two rounds of its Kickstart initiative to get mothballed schemes finished. And to help first-time buyers to purchase these new-build properties, the Homes and Communities Agency […]

Top seaside property hotspots revealed

Like to let beside the seaside? The latest research from LendInvest looks specifically at coastal towns to find which areas offer the top average rental yields to landlords. Where are the top seaside postcodes for landlords? The interactive map below looks at the highest rental yields along the UK coast. According to the data, Hull, […]


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