In the summer a Mortgage Strategy investigation revealed some of the biggest surveyors had stopped taking on new instructions for valuations as they struggled to deal with backlogs. The investigation has prompted the surveyor community’s professional body, the Royal Institution for Chartered Surveyors, to launch an independent inquiry into the delays and the issues facing the valuation sector.
Brokers say scores from credit rating agency Experian are misleading potential borrowers by rating them as ‘excellent’ when their credit history shows otherwise. Firms say clients are obtaining ‘excellent’ ratings from Experian when they may end up being turned down for a mortgage, due to factors such as defaults or county court judgments. Perception Finance […]
Which sectors of the UK mortgage market will be the biggest losers from the EU mortgage directive? Consumers. They are going to receive information that will confuse them and that the Financial Conduct Authority has already decided does not add value to their understanding of the mortgage process. Do you think we will see a […]
Current research into mortgage product data has revealed that the gap between the interest rates at different LTVs for the same type of mortgage is continuing to rise – and in its most extreme case, has more than doubled. But what’s the story behind the figures and what does it mean for borrowers? Every quarter, […]
This is our final issue of 2013, a year that will go down in the annals of the industry as the year the UK mortgage market finally got back on its feet. The defining story of the year has been the Government’s Help to Buy scheme, abetted by the Funding for Lending Scheme. Cheap money […]
By Denise Wond, marketing manager The buy-to-let market has recently been the subject of a raft of tax changes, all of which make it a less profitable and less appealing proposition for investors. In response, we’ve seen a dip in demand for BTL mortgages and that’s bad news for many advisers who will now be looking […]
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