View more on these topics

First And Last

Helen Hymos, lender relationship manager, PMPA

We bought our first house in 1971. It was a three-bedroom terrace in Hainault, Essex, costing 6,600. We had a 5% deposit and got a mortgage from Hearts of Oak in Enfield, which was later taken over by Bradford & Bingley.

It was a seller’s market and we were shown the door at many estate agents for wanting properties we could not afford. Eventually we found our house through the family network.

We sold this in 1982 and bought a house in Gants Hill (a slightly more upmarket area), sticking with Bradford & Bingley for the mortgage and not extending the 25-year term.

This, along with a couple of endowment policy payouts, enabled us to clear our mortgage in 1993. When we sold in 2002 we were able to move into an apartment in Buckhurst Hill and remain mortgage-free.


Strong sides absent from Premiership

Banks are cheapest for mortgages according to one of those surveys of annual costs that emerge at this time of the year.

Only fair to praise service at Alliance and Leicester

From Andrew BotteI’m the first to shout about a lender when service is poor so I think it only fair to praise occasionally. Alliance & Leicester has impressed me. I put a case into it on December 19 and had a mortgage offer by December 26. In the meantime I spoke with the mortgage centre […]

Cascading could land brokers in deep water

Single lender cascading has the potential to be the next mis-selling scandal, fuelling the sort of compensation feeding frenzy that we’ve seen with endowment policies. We must act now.

PMS to revamp aggregation service

Premier Mortgage Service is revamping its aggregation services by adding mortgage compliance and protection panels to the service.The services will be underpinned by an IT platform with back office systems. In addition, integrated links to both Trigold and Mortgage Brain have been established in order that a one-stop-shop trading portal can be made available. The […]

‘How to…audit your auto-enrolment scheme compliance’

Avoid pension penalties with our auto-enrolment checklist

According to the Pensions Regulator’s annual commentary and analysis report released this month, 785 potential non-compliance cases were referred for investigation, with 23 auto-enrolment compliance notices issued. And they predict that the use of their statutory powers is only going to increase.


News and expert analysis straight to your inbox

Sign up