Skipton has introduced a £799 fee for its SVR mortgages. The lender says this can be added to mortgage accounts on completion.
- Top trends
Swaps inched their way down last week but this had no effect on the race for the worst buys.
EDGE V2, the online sourcing and execution system from Enterprise, has now added a generic decision in principle facility for every lender on the panel that provides DIP options. Once used, client information can easily be converted into a full online application, with no need for rekeying of data.Harry Landy, managing director of EDGE, says: […]
Alistair Darling has revealed plans to set up a taskforce to help reopen the UK mortgage-backed securities market.
Last Monday’s news that Lehman Brothers had suspended lending was another sign of how rapidly the UK mortgage market is contracting.
By Kunal Desai, Head of Indian Equities
With markets kept open on Saturday, finance minister Arun Jaitley delivered a promising budget focused on growth and decentralisation. While many complained about a six-day working week, there was much to be pleased about and the markets rallied in the afternoon to finish in the green.
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