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Too little, too late

Cluttons says the package is too little, too late but that the proposed £300m shared equity scheme will help the building trade.

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Brokers should fear unpaid proc fees as networks close

The straw poll in your September 1 issue shows that 26% of brokers don’t fear their networks closing and walking off with proc fees they are owed. But a note of caution to those 26%. I was a member of Classic Network Solutions, which was taken over by GHL Network. I left in December 2007 and was paid until the end of January 2008.

Mutuals fall victim to the credit crunch

The announcement today that the Britain’s ninth and eleventh largest building societies are to merge with Nationwide should not come as a surprise to the industry.

Government could guarantee mortgage-backed securities

Chancellor Alistair Darling is believed to be planning a multibillion pound kick-start to the UK housing market, which would see the government temporarily guaranteeing high quality mortgage-backed securities.

RBSIP launches new rates

RBS Intermediary Partners is rolling out rates on a number of its fixed rate and tracker mortgages from September 6.

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