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Abbey dips toe into high LTV

Abbey is tipped to launch a high LTV product later this month, but industry experts are divided over whether it will offer 125% partsecured loans or 100% high value products. Abbey declined to comment but says it will launch the product imminently.

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House prices continue to slow

Nationwide has revealed that the UK housing market is continuing to slow in May.House prices rose by 0.5% in May, slowed from April’s 0.9% rise. Average prices rose from £180,314 to £181,584.Annual change was up slightly on April’s figures from 10.2% to 10.3%.Fionnuala Earley, chief economist at the Nationwide, says: “House prices increased by 0.5% […]

Satellite packager could go it alone

Lighthouse Group has launched a satellite packager in partnership with The Mortgages Times Group that it says has the potential to become a rival packager in its own right. The new packager, Lighthouse Packing, will offer inhouse packaging services for specialist and sub-prime applications. Lighthouse Group, an independent financial adviser group, says growth in its […]

Broomstick Ball

Mortgage Strategy paid over £3,000 for a table at this year’s Broomstick Ball at a charity auction in Epsom last Friday. The Broomstick Ball is organised by Deirdre McManus, head of sales at Bristol & West.

83% Of brokers think HIPs should be scrapped

The government says it will press ahead with Home Information Packs, but most Mortgage Strategy Online readers think they’d be better consigned to the dustbin. A massive 83% say HIPs should be scrapped while just 17% say they should come into force.This week, Mortgage Strategy asks: “Do you think the housing market is slowing down?”Q: […]

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