Category Archives: Mortgages
Shawbrook announces key promotion in commercial mortgage lending team
Shawbrook Bank has announced the promotion of Terry Woodley to Head of Specialist Lending within the commercial mortgage business. Woodley’s elevation is an exciting step in Shawbrook Bank’s continued success and growth in the trading business and property …
Tesco adds mortgages to its banking basket
Tesco Bank extends its range of banking services with the launch of mortgages. Tesco Bank mortgages, which will be available from Monday 6 August, combine great rates with competitive fees to suit customers, whether they are remortgaging or buying …
Cheshire Mortgage Corporation reminds industry not to ignore ‘micro mortgages’
Brokers could be missing out on a group of potential borrowers, Cheshire Mortgage Corporation has warned. According to the specialist lender, there is still plenty of opportunity to sell ‘micro mortgages’ to use for almost any purpose. Clients with …
Posted in Mortgages
Tagged Cheshire Mortgage Corporation, Micro mortgages, Nick Jones, secured loans
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Britons are wasting £17,000 by being LAZY
Being lazy will cost the typical Brit nearly £17,000 over the course of their lifetime a report revealed yesterday. A study found that using the car wash when a bucket and sponge would do, not taking advantage of price …
Lenders support use of packagers to deliver better quality business
Abbey’s admission that it would pay more for better quality business demonstrates that there is a need for packagers, which has come full circle since the credit crunch, according to Complete FS’s Director, Tony Salentino. He said, “There is …
Posted in Mortgages
Tagged Alan Cleary, Andrew Ferguson, Complete FS, GE Money, Kent Reliance, Mark Snape, Precise Mortgages, Tony Salentino
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HSBC’s Retail Bank in the UK announces strong lending growth
Key commercial banking figures: · HSBC provided £15.1 billion of gross new lending to UK businesses, an increase of circa 5% (£700m) compared to the same period for 2011. · £6.3 billion of gross new lending was provided …
Lending by mutuals grows strongly in the first half of 2012
In the first half of 2012 gross mortgage lending by building societies and other mutuals was £14.1 billion, which is up 38% compared to the £10.2 billion in the same period in 2011. Lending rose 28% to £2.7 billion …
Posted in Mortgages
Tagged Building Societies Association, Mortgages, Paul Broadhead
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Renty-somethings struggle to get on the ladder
Over a third of potential buyers are trapped in rented accommodation as they cannot afford to access the property market, with many seeing their purchases fall through due to difficulties with mortgage finance. 38 percent of potential first time …
Posted in Mortgages
Tagged first time buyers, NewBuy Scheme, Peter Bolton King, RICS
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Aldermore leaps up the CML lending table
British challenger bank Aldermore has gained ground in the mortgage market, according to the Council of Mortgage Lenders’ (CML) gross lending statistics announced yesterday. CML data for 2011 reveals Aldermore has leapt up from 24th to joint 17th in …
Connect Overseas launches online foreign mortgage sourcing system for brokers
Connect Overseas, the international mortgage specialist, is today launching a pioneering new online service for mortgage brokers that allows them to source and apply for international mortgages direct with the mortgage provider and get paid 100% of the commission. …