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Short-term tinkering

Connells Survey and Valuation brands the rescue plan short-term tinkering and says the government must pave the way for lenders to recapitalise their balance sheets.

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Trade bodies seek members

RAMP and AMPD will battle for members after plans to form a unified alliance were scrapped.John Rice, managing director of the Regulatory Alliance of Mortgage Packagers, has shelved plans for a single association and will instead focus on growing RAMP’s membership from 10 to 15 packagers.Rice says: “Nobody is immune to the changes taking place […]

CML bemoans slow progress on arrears protocol

The Council of Mortgage Lenders has lashed out at the Civil Justice Council for its inability to finalise an arrears protocol for lenders.In a letter to chancellor Alistair Darling, the CML outlines what it is doing to help home owners facing arrears and repossession and calls on the CJC to redraft its mortgage arrears protocol, […]

Edeus offers golfing trip to brokers

Brokers who submit savings account business via edeus are being offered the chance to win a four night golfing trip to Portugal.

FTB plan dubbed dangerous

Mortgage expert Jonathan Cornell has branded the government’s mortgage rescue plan offering first-time buyers interest-free 30% loans to buy new-build properties dangerous and short-sighted.The £300m scheme forms part of a £1bn plan unveiled last week to tackle the challenges posed by prevailing conditions in the housing market.The 30% equity loans will be jointly funded by […]

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