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Bank of Ireland Mortgages withdraws current range

Bank of Ireland Mortgages has withdrawn its current mortgage range pending the launch of new products on January 13.

The bank will continue to accept any outstanding applications until January 8. Any applications in principle forms must be returned in the 28-day timescale.

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CML asks government for clarity on private finance

The CML is calling for the government to carve out a more definite role for private finance in the social housing sector. More than five million families in the UK are social tenants. The CML says that the £27bn of private finance spent on social housing so far has improved the accommodation of 1.5 million […]

Abbey and British Gas plan equity release debut

Abbey National and British Gas plan to enter the equity release market in 2003. The companies will attempt to realise some of the potential £7bn value of the equity release market, which is currently worth less than £1bn. Abbey National will pilot a roll-up scheme in Eastbourne and Tunbridge Wells early this year, followed by […]

CML sees buoyant lending ahead

The CML predicts buoyant mortgage lending in 2003 in its latest market briefing. A slowdown in the rate of house price inflation is widely expected. The CML says: “Most commentators agree that house price growth should moderate going into 2003, with forecasts ranging from 4% to 10%.” It adds: “With continuing strength in approvals we […]

MPLC strengthens its service infrastructure

Sub-prime lender Mortgages PLC has strengthened its systems and infrastructure after record lending in 2002 led to several service issues.Paul Thomas, chief operating officer of Mortgages PLC, says: “We had a record year in 2002. Throughout that time we have been looking at both our systems and infrastructure and have strengthened both.“We&#39re looking to recruit […]

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