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Affordability checks will not hit successful applications, say lenders

Almost three-quarters of intermediary mortgage lenders are confident the new affordability checks coming in as part of the Mortgage Market Review will not significantly reduce the number of people who successfully apply for a mortgage. Research from the Intermediary Mortgage Lenders Association, published last week, found just 7 per cent of intermediary lenders expect significantly […]

Verso acquires CDS Group assets

Verso Capital, the owner of mortgage data and software company Mortgage 27, has acquired the assets of sourcing system provider CDS Group for an undisclosed sum. Both businesses will form part of a new financial services software division within Verso, which will be headed up by current Mortgage 27 managing director James Tucker and chaired […]

Leader: Fairer funding for all

Since the downturn first struck six years ago the UK banking sector has been in dire need of two things – funding and competition. Over four years of the Bank base rate at 0.5 per cent, quantitative easing, the Funding for Lending Scheme and now Help to Buy have all helped to ensure that the […]

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