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SMS welcomes new lenders

Solent Mortgage Services believes the recent spate of lenders launching is a sign of the underlying strength of the mortgage market and should be welcomed.

Kelvin Cooper, managing director of SMS, says: “In some quarters, there has been negative comment about the emergence of new lenders at a time when the mortgage market is less than buoyant. This is nonsense. A dynamic market depends on evolution and the arrival of new lenders is to be welcomed. It will lead to greater competition which means better and cheaper products. “

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58% Of business goes through three lenders

Research showing intermediaries do 58% of their business through just three lenders has sparked concern in the industry. The findings from Charterhouse Research also show brokers are placing business through an average of just 11 lenders, which has raised questions about whether brokers are offering the best possible advice. Competitive products are a prerequisite for […]

More than 130 firms mend their ways

The Financial Services Authority says more than 130 firms have taken corrective action in the way they operate to address serious failings over the past year. Some 63 firms addressed serious failings and breaches of the threshold conditions when challenged by FSA supervisors. And 69 firms referred to the Threshold Conditions Team took corrective action […]

Brokers say B2L should be regulated

More than half of all brokers believe buy-to-let mortgages should be regulated, while 88% are not expecting to change their regulatory status in the next year according to Mortgage Strategy’s latest online poll. The findings are part of a wide-ranging survey into the specialist lending sector which also looked at which specialist markets brokers think […]

Wright & Wright complete first Beacon Mortgage

Wright & Wright Solicitors have completed the first mortgage transaction with Beacon HomeLoans.Assisted by RAMP packagers and by Beacons Solicitors, B Legal, this completion marks the first of a number of pipeline deals that are coming to fruition since Beacon launched its range a short time ago.Julian Sampson, partner at Wright & Wright, says: With […]

income protection claimants

Generation Rent

By Denise Wond, Marketing Relationship Manager, Royal London We’ve heard a great deal about Generation Rent in recent years but what does it actually mean for consumers and advisers and has the face of the typical renter changed? The picture is certainly more diverse than it used to be Homeownership has fallen to 64 per […]

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