Category Archives: Mortgages
ABP sues Morgan Stanley over mortgage-backed securities
The €270bn civil service scheme ABP has sued Morgan Stanley for fraud over residential mortgage-backed securities acquired in 2006-07 according to IPE Real Estate. In the lawsuit – brought before the New York State Supreme Court – ABP claims …
Paradigm offers members access to bridging sourcing system
Paradigm Mortgage Services, the mortgage services proposition, has become the first distributor to offer its members access to a newly launched bridging sourcing system. The sourcing system is the brainchild of bridging specialist, Capital Advances, and was recently launched in …
Posted in Mortgages
Tagged Capital Advances, Paradigm Mortgage Services, Solent Mortgage Services
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Video Guide: Mortgage Interest Rate Behaviours
This video originally appeared on MeaningfulMoney.tv
Coventry Intermediaries launches new range including a 2.99% fixed rate for 4 years
Coventry Building Society’s new range includes 2 year fixed rates from 2.59% with low arrangement fees and a 5 year Flexx Fixed rate at 3.99% available up to 85% LTV. This competitive range also includes a legal and valuation …
Brokers are back
The FSA has updated its information on the numbers of authorised mortgage firms. At its peak, the number of firms registered with the FSA having mortgages as their primary category of authorisation was 3,553 in January 2006. This gradually …
AMI’s continuing evolution
The Association of Mortgage Intermediaries has completed the next stage of its development to ensure it is listening to the broadest range of views, improving its ability to represent the membership, and is able to lobby in the most …
Coventry Building Society withdraws interest-only mortgages for new business
From Monday 3rd December Coventry Building Society will no longer offer interest-only residential mortgages for new lending. Buy to Let interest-only mortgages will continue to be offered. Colin Franklin, Sales and Marketing Director, Coventry Building Society, said: “Residential …
Number of first-time buyers in London rises to highest figure in nearly 3 years
In the first of a series of new quarterly reports on lending in London, the Council of Mortgage Lenders reports that a total of 10,000 first-time buyers took out a mortgage in London in the third quarter of 2012. …
Stonebridge Group continues to expand AR firm roster
Stonebridge Group, the mortgage and insurance network, has reported a substantial increase in the number of appointed representative (AR) firms signing up throughout 2012. The network counted 67 firms among its ranks at the end of November 2011, but …
Posted in Mortgages
Tagged Paul Kilkelly, Richard Adams, Stonebridge Group, Taylor Milburn
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Homeowners aim to raise £186bn from downsizing
Homeowners aim to raise the equivalent of £186bn to help fund retirement income by selling their homes, according to research from housing investment and shared equity mortgage provider Castle Trust. Castle Trust’s research shows that around 3.25 million households …