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Heroes & Villains


Hero of the week is Abbey for Intermediaries, which no longer requires evidence of six months’ rent in savings when it comes to let-to-buy cases. This is a sensible move that should make life much easier for brokers.


Villain of the week is Moneysupermarket, whose press release informed the world that 90% of the best deals are only available direct. Its retraction was even even worse, as it realised brokers would boycott its leads.


Fraud quadrupled in the first half of 2010

Mortgage fraud almost quadrupled in value in the first six months of 2010, according to KPMG’s Fraud Barometer. Some 21 cases with a value of £96m were reported compared with the same period in 2009, when there were 18 cases worth just £24m. The whole of 2009 only saw fraud amounting to £77m. Mortgage fraud […]


Brokers will play key role in recovery, says Lloyds

Brokers will drive recovery in the mortgage industry by doing remortgages, says Peter Curran, head of intermediary sales at Lloyds Banking Group. Curran says low SVRs are deterring borrowers from moving away from their existing lenders but he believes that when interest rates start to rise brokers will be the ones to benefit. He says: […]

The future of active management is now

Fees under pressure. Regulatory moves against closet indexers. Rapid advances in financial technology. Shifting sentiment among investors. Such mounting challenges have led to widespread speculation about active management’s shrinking future. But a closer look inside intelligent portfolio construction today tells a story of expanding roles, added value, and innovative risk-adjusted, lower-cost solutions. Four investment experts […]


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