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MSTV: Michael Coogan on why the MMR should not be rushed

In this edition of Mortgage Strategy TV, we speak to Michael Coogan, director general of the Council of Mortgage Lenders, about why he thinks the Mortgage Market Review should not be an urgent priority for the regulator.

He also discusses why the credit crunch has led to a more professional broker market and why it is working more closely with the Association of Mortgage Intermediaries.

Coogan also warns that rising repossession and arrears rates could be on the way if the economy does not improve.


Central Trust launches range through brokers

Central Trust is launching its secured loan product range through brokers and packagers for the first time in 23 years. The products, up to now only available through Central Trust, will be offered through Central Lending Limited, which agreed terms on a new £90m revolving credit facility with Royal Bank of Scotland and National Australia […]

Intermediaries need to work hard to win price war

With a reducing mortgage market and the Mortgage Market Review promising to strangle the market even further, intermediaries like me have to think outside the box to keep in business. Should discussions with clients mean that no mortgage replacement is possible, I usually ask whether I can sort out their buildings and contents insurance to […]


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