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90% Of brokers say Labour should scrap HIP plan

A whopping 90% of brokers think the government should hammer the final nail into the coffin of Home Information Packs. Just 10% think the packs should be implemented next year.

This week Mortgage Strategy asks: “Are 5 x income mortgage products a recipe for disaster?”

Q: Should the government put the final nail in the coffin of Home Information Packs?

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Let your fingers do the driving

Brokers will get the chance to show off their racing skills on the stands of Lehman Brothers’ UK mortgage businesses at the Mortgage Business Expo in London next week. The three brands – London Mortgage Company, Preferred and Southern Pacific Mortgage Limited – will be running a Scalextric competition on their stands. At the end […]

Hamptons warn against mortgage hangovers

Hamptons Mortgages has issued a warning to consumers not to be seduced by attractive headline mortgages rates that come with extended early redemption charges and a commitment to stay on the standard variable rate for a fixed period. Hamptons explains that lenders often offer extremely low initial rates. However, these often come with conditions and […]

Abbey mortgage must be kept in perspective says My Mortgage Direct

Abbeys move to retain its share of the mortgage market by increasing homeowners borrowing power must be kept in perspective, according to broker My Mortgage Direct.Paul Hearnden, managing director of My Mortgage Direct, says: The current climate of must-have-it-now has led even the most clued-up borrowers into believing that this kind of offer from a […]

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