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Rule change

Mole was intrigued to learn that even the Queen is feeling the effect of plummeting property prices.

Website Zoopla, which analyses property values, claims Buckingham Palace is worth a staggering £57m less than at this time last year. But all is not lost. If dear old Queenie ever decided to sell up, her 52-bedroom pad would still fetch £935m.

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Service is the problem for HSBC, says Boulger

Poor service, rather than brokers, is the main barrier to HSBC achieving greater success in the mortgage market, says industry guru Ray Boulger.Last week Mform.co.uk warned that brokers are sacrificing the best deals by not considering direct products. The website held up HSBC as an example of a lender at the top of best buy […]

High notes

The Mortgage Strategy crew were taken out by Nigel Stockton, managing director of HBOS Intermediaries, and Nigel Payne, managing director of BM Solutions, for a night of karaoke last week.

Just joins AMPD

Just Mortgage Packaging has joined the Association of Mortgage Packagers and Distributors.

M2000 scraps DIY subscription fee

Mortgage 2000’s DIY Packaging system has scrapped its monthly subscription fee of £90. This follows a 63% cut in the fees for M2000’s core mortgage sourcing system. M2000 says the move means brokers can now access both systems at a saving of £1,278 a year.

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