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Fitch boosts Exact’s servicer rating

Exact Mortgage Experts has been awarded a RSS2- rating for its special servicing operation by Fitch Ratings.

The mortgage servicer, which is a division of Charter Court Financial Services, has also received its first primary servicer rating of RPS3+ and this latest rating is two levels above last year’s award.

Exact chief executive Ian Lonergan says: “We have worked extremely hard to achieve the awards and look forward to continuing our success throughout the remainder of 2013 and beyond.”


HSBC 480

HSBC withdraws from interest-only too

HSBC has become the latest lender to withdraw interest-only mortgages, following in the footsteps of other high street lenders including Nationwide and Royal Bank of Scotland.

Repossessions due to finance trouble see dip

The number of homes which owners were forced to give up due to financial pressures fell by 54 per cent between 2010 and 2012 compared with the period running from 2005 to 2009. Castle Trust has analysed the latest ONS English Housing Survey and found fewer than 12,000 homes a year were given up as […]


Shock treatment

Chancellor George Osborne plans to give the BoE power to split banks if they fail to ringfence their retail arms from their investment businesses and this ‘electrification’ could have serious knock-on effects for the mortgage market


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