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Stamp Duty hits more home owners

Halifax says there has been a 281% increase in the number of properties valued above the £250,000 Stamp Duty threshold over the past five years. Properties valued at or above this amount attract a 3% rate of Stamp Duty. The number of residential property sales attracting at least 3% Stamp Duty increased from 73,403 in 2001 to 279,408 in 2006.

Royal Bank of Scotland reports its mortgage business was just shy of £70bn in 2006 and that it has applied to qualify for the Basle II advanced regime. Norwich and Peterborough and Alliance & Leicester have already qualified for the advanced Basle II regime which allows lenders to use their own models to calculate capital requirements against lending

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Cummings hails regulation of claims firms as victory for AMI

Chris Cummings has hailed the upcoming regulation of claims management firms on April 16 as a lobbying victory for the Association of Mortgage Intermediaries.In his opening speach at the Financial Services Scotland conference, held in Glasgow today, Cummings hit out at the “ambulance chasing brigade” and praised the upcoming regulation set to hit them.He told […]

PMPA launches TMB exclusives

The Professional Mortgage Packagers Alliance has released a range of exclusive products from The Mortgage Business. The deals include three fixed rate options within TMB’s Self 85 range.

SPML appoints BDM

Southern Pacific Mortgage Limited has appointed Lisa Partington as a business development manager for Essex, and East and North London.She joins SPML from Beacon Mortgages where she was BDM for two years. Prior to this, she worked in BDM roles at Advantage.Lynsey Mitchell, head of sales and development at SPML, says: “Lisa brings over eight […]

Intermediaries pessimistic about green plans

A survey, by UCB Home Loan shows that 67% of intermediaries believe that the UK will not be able to achieve its target of making all new homes carbon neutral within the next 10 years.Less than thirty homes in the UK are currently carbon neutral, but the government wants all new properties to fall into […]

Building long-term relationships

Call us old fashioned, but we want to get to know you personally. That’s why we give you a named case manager and underwriter to look after all your cases from start to finish. Your underwriter will happily give you their number, so you can ring them directly with any questions you have. And your […]

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