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Let’s step back to the old school style of underwriting

Labour MP George Mudie was right in his criticisms of the Financial Services Authority and the Mortgage Market Review – it is going to damage the market, and it’s almost dead anyway.

What they are failing to address, which will be the problem over the next couple of years, is that borrowers are stuck with their lenders.

Look at all the self-cert, sub-prime and then products with combinations of sub-prime and self-cert etc that many existing borrowers are on.

Many people have not defaulted due to the low rates. As soon as rates creep, up we will see exactly what is happening in the US.

A step back to the old school underwriting model is needed, where common sense decisions can be made.

While we live in the ’computer says no’ world, the problems are only building.

Robert Kennedy


TV appearance sparks Twitter row over dress

A war of words erupted on Twitter last week after television presenter Kirstie Allsopp made comments about Melanie Bien, director of communications at Private Finance. The comments were made after Bien appeared on BBC Breakfast. The Location, Location, Location presenter tweeted: “Finance woman clearly came directly from a night out and it’s debatable whether that’s […]

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Johnson Fleming set to host webinar on auditing auto-enrolment schemes

With 23 auto-enrolment compliance notices issued by the Pensions Regulator, and an evolving legislative landscape meaning previously compliant schemes may now be in breach of regulation, now is the time to think about auditing your auto-enrolment scheme. Johnson Fleming is hosting a webinar on 9 October at 11:00 on how to audit your scheme to ensure compliance, avoid breaches and fines and overcome data issues.


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