Author Archives: tony
Homeowners stay put and renovate as market stutters
With the housing market stuck in the doldrums, homeowners are increasingly opting to improve their existing property rather than move home, according to new research from RICS. Over 50% of chartered surveyors across the UK revealed that the slow …
Complete FS running alternative Ryder Cup challenge
Coinciding with this month’s biennial Ryder Cup match between the USA and Europe, mortgage and bridging distributor, Complete FS, is running its own Ryder Cup challenge between two teams drawn from the mortgage and bridging sectors. On Tuesday 18th …
Posted in Mortgages
Tagged Complete FS, Phil Jay, Ryder Cup challenge, Tony Salentino
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Second charge mortgage lending up by 11%
July’s FLA consumer lending figures showed growth in almost all areas of high street consumer credit, providing a welcome boost to the economy. The Finance & Leasing Association has urged the Government to ensure that any new regulatory regime …
Posted in Mortgages
Tagged David Johnson, Fiona Hoyle, FLA, Loans Warehouse, Matt Tristram, second charge, secured loans, Shawbrook Bank
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Mortgage market slumps to third worst August on record
• House purchase loans in August fall 8% year-on-year to 48,913 • Lending volumes and LTVs sinking back to 2010 levels • High LTV lending falls 10% in August • Less than 5,000 purchase loans granted to buyers with …
Shawbrook revamps range of commercial mortgages
Shawbrook Bank has revamped its product range, introducing 13 tailored commercial mortgages for the property investment and trading business markets. The product revamp provides a much broader range of funding solutions and also includes six key improvements to either …
Rise in home movers drives boost in house purchase loans and gross lending
A rise in lending to home movers was the main driver of an increase in house purchase lending in July, according to data published today by the Council of Mortgage Lenders. The number of loans taken out by home …
Paradigm Mortgage Services announce strategic relationship with Infinity International
Paradigm Mortgage Services, the mortgage services proposition, has today (10th September 2012) announced a new strategic relationship with Infinity International, the provider of foreign exchange and international payment services to businesses and individuals. From today Paradigm member firms can …
Posted in Mortgages
Tagged Bob Hunt, Infinity International, Paradigm Mortgage Services, Robert Groves
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Coventry launches new residential mortgage range
Coventry Intermediaries launches new residential range with rates from 3.10% for borrowers looking to remortgage for just £199. Coventry Intermediaries has launched a new range of residential mortgages with a legal and valuation package for remortgages, allowing borrowers …
FSA launches initiative to outlaw flawed sales bonuses that encourage mis-selling
Martin Wheatley, managing director of the Financial Services Authority (FSA) and chief executive officer designate of the Financial Conduct Authority (FCA), today announced that he wanted to see an end to mis-selling created by sales incentives. At a Thomson …
Posted in Regulation
Tagged FCA, FSA, Martin Lewis, Martin Wheatley, mis-selling, Moneysavingexpert.com
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Mortgage funding – what’s going on?
CML View Talk to anyone in the pub about mortgages, and most people have always had a view. Talk to them about mortgage funding, and it used to be blank faces all round. But the world has changed. These …