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UK hasn’t lost its property passion

The idea of home ownership is ensconced in our psyche – an Englishman’s home is his castle, after all.

But most of our homes are not impenetrable fortresses. All too often these days consumers are being forced by harsh financial realities to relinquish their little piece of Britain.

For Britons far more than our European neighbours, the pursuit of property has been a constant theme in recent decades. The post-1945 Conservative Party concept of the UK becoming a home-owning democracy has become a reality for around 70% of the population.

As a result, perhaps we have abandoned the common sense, safety-first approach to mortgage debt. Rather it’s been a case of where there’s a will there’s a way.

There are those who say that the market will correct itself and that the recession will help cool the ardour of those who thought they could profit from property at any cost.

They could be right but while the mortgage industry is suffering at the moment, I don’t believe mindsets are going to change any time soon.

Britons want to own and profit from their homes and that’s that. It’s up to the industry to harness these motivations in a positive and responsible way.


Dudgeon returns to the mortgage marketplace

Bill Dudgeon, ex-managing director of DB Mortgages, is returning to the mortgage market in the new year to head up lending services at IFA network Virtual Net Europe.

Breaking glass

Mortgage Strategy’s features editor Christine Toner had another spot of bother last week. As readers may remember she broke her leg at the CML dinner in 2006.

Charlbury Group expands nationwide field force

Arrears management expert The Charlbury Group is expanding its nationwide team of field agents as market conditions help to bolster business. The group operates a nationwide field force which conducts a variety of tasks for firms across the mortgage market. It says current market conditions are resulting in the need for greater information on properties […]

Repossession victims to be given two-year payment holiday

The Prime Minister Gordon Brown has unveiled a two-year deferment of mortgage interest payments for borrowers who face unemployment.The deferment of mortgage interest payments for two years will apply to properties worth a maximum of £400,000.The eight largest UK lenders have so far signed up to the plan – these include HBOS, Nationwide, Abbey, Lloyds […]


Guide: day-to-day tasks ​— can your system manage?

This guide from Johnson Fleming will take you through the required communication and also give ideas for additional actions that will ensure your auto-enrolment project is a success. As well as highlighting what is required from a system to ensure it is up to the tasks, an overview of the following is also provided: data validation; data categorisation; employee communication; opt-in process; opt-out process; produce contribution schedule; contribution reconciliation process; upload of member data to pension provider; upload contribution to pension provider; manage salary sacrifice process; enrolment process; re-enrolment process; and management of increased employee queries.


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