The Mortgage Works has pulled its entire product line from 5pm today.
Conveyancing firm Barnetts Solicitors is urging the industry to look beyond the interest rate drop and recognise that it is actually lender criteria that is driving the housing market.
Chancellor Alistair Darling has called on the world’s economic leaders to unite and take urgent action to stave off “the biggest economic shock since the Great Depression”.
Elephant Loans & Mortgages has agreed outline terms to acquire Financial Trade Partnership, which operates the UK’s largest network of secured loan advisers.Given the relative size of FTP to Elephant, the deal requires the approval of the company’s shareholders at a general meeting of the company.Once appropriate legal and financial due diligence has been completed […]
Future Mortgages is reviewing its position in the secured loan market and had suspended online applications and completions.The Citigroup owned lender is believed to be going to make an announcement in the next few days regarding whether it has decided to pull from the secured loans market.Future suspended its secured business on Friday while it […]
In line with the Bank of England’s recent interest rate cute Alliance & Leicester will be reducing the SVR on its mortgages by 0.25%.
Accord Mortgages has today withdrawn all of its prime fixed-rate and tracker products.
Specialist packager Chaseblue Loans has bought the minority shareholding from Chase UK Corporation for an undisclosed amount.Adrian Whittall, chairman of Chaseblue Loans, which packages commercial, bridging and secured finance loans, says: “We have been discussing this transaction with the directors of Chase UK for sometime. This arose from Chase UK’s desire to focus on its […]
The two directors of finance marketing agency LUXMedia have joined forces to launch specialist packager White Label Money.Darryl Dhoffer and Travis Hurlock have also enrolled the help of Jaxon Stevens who has ten years experience of the specialist markets, and will work as sales director.The packager will focus on equity release, IVAs, bridging loans, commercial […]
The Council of Mortgage Lenders chairman has urged the Bank of England to lead a global action plan to alleviate turmoil in the financial markets.
The packager market is split at the moment as to whether satellite packagers can offer the industry any value. So, we’ve got two industry figures to fight out their corner. Dale Jannels, sales and marketing director, All Types of Mortgages Having reviewed the ongoing debates from various sources, I feel there is a wide mis-match […]