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No time to relax with authorisation, warns ADMA

Martin Gilsenan, spokesman at ADMA, says: “ADMA wants to impress on brokers that getting authorised is only the first step.

“Compliance with FSA rules require ongoing dialogue with the regulator and the reporting requirements which first become due in April 2005 and six monthly thereafter.

“Brokers need to be able to provide key information at that time and understanding what is required and starting to collate it now, brokers will be ready for the first deadline.

“In order to help, ADMA&#39s website has added a section on reporting requirements which acts as a useful aide memoire in simple digestible English.”


Dramatic decline in mortgage enquiries as consumer confidence plunges

The figures reveal a significant decline, almost 50%, in the numbers of buyers looking to take out new mortgages between March 2004 and the end of August. Moneynet data shows that 37,000 people made mortgage enquiries through the service at the beginning of March, a period of intense activity in the housing market. But by […]

Mortgage Trust and Savills Private Finance join forces

The deal boasts the low initial rate of 5.69% fixed until 31/10/05, followed by a year two rate of 5.99% fixed until 31/10/06. Not only is this stepped fixed rate very competitive, but the rental income calculation is based on the initial fixed rate of 5.69%. Mortgage Trust also offer up to 85% LTV, no […]

GMAC-RFC becomes 12th largest lender

This rise through the rankings marks yet another fantastic 12 months for GMAC-RFC, the lender that provides mortgages for everyone from mainstream through niche to non-conforming. During 2003 alone, the company advanced £4.8 bn in mortgage loans – a staggering increase of 45% on the previous year, in a market that only grew by 27%. […]

Look for clients in the Right places

Many think the scheme&#39s glory days faded along with its creator, Margaret Thatcher. Yet tens of thousands of council house dwellers still buy their home at discounted rates under Right to Buy every year, adding to the 1.5 million who have bought property since the scheme was introduced in 1980. This accounts for one in […]

Finance is only one hurdle for small developers

The housebuilding market in its current form simply isn’t working. We are completely over-reliant on the biggest players in the industry – the largest nine are responsible for more than 50 per cent of the new homes built in the UK. But there is a reluctance to do more, particularly in this uncertain post-Brexit world. And with […]


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