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Where is it now?

Xit2 came in a close second with news that it is launching Mortgages Reunited, allowing borrowers who took out mortgages now held by mortgage-backed securities to trace the current owner of their home loan.

Mark Blackwell, sales director of Xit2, says consumer research says people are beginning to see their mortgage in the same way as they do old classmates.

He says: “You start out in the same school, but then, over time, you lose contact. Consumers don’t know who owns their mortgages and they’re interested to know what’s happened to them – and where they are currently residing. Mortgages Reunited will give them the chance to find out which bankrupt country now owns a share of their lovely homes.” Good luck with that one, Xit2.


Mortgage Times looks to recruit sales staff

Mortgage Times is embarking on a major recruitment drive which will see its sales team boosted with the addition of 20 business development consultants.

Saving our way out of a vicious cycle

Brits repaid a record 8bn of mortgage debt in Q4 2008, a far cry from the equity withdrawal trend of previous years. In fact, the same period in 2007 saw a net equity withdrawal of 6.7bn – and this was down from the peak in Q4 2003 when we collectively released a massive 17.2bn. That’s a huge turnaround in five years.


Employers fined £52,500 for auto-enrolment failings

By Jamie Clark, Business Development Manager The Pensions Regulator (TPR) has taken the step of naming and shaming employers that have been served County Court Judgments (CCJs) for non-payment of auto-enrolment fines. We take a look at what this means for employers, their employees and advisers Shamed into action? Sixty-four employers have been served CCJs […]


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