Mortgage Introducer

FSA: Twin peaks will cost more

Thu, 17 May 2012 05:55:58 GMT

Having two financial services regulators will cost firms more than the existing structure, says a spokeswoman at the Financial Services Authority.

A Greek tragedy for mortgages

Wed, 16 May 2012 05:55:58 GMT

Tony Ward, chief executive of Home Funding and one of the mortgage market’s most respected economic commentators, has warned that Greece’s exit from the Euro will decimate the UK’s mortgage market.

Asset finance grows 26pc

Thu, 17 May 2012 05:55:58 GMT

The latest figures from the Finance & Leasing Association show asset finance for investment in plant and machinery grew in Q1 2012 by 26% compared with Q1 2011.

H&R cuts rates on discount mortgages

Thu, 17 May 2012 05:55:58 GMT

Hinckley & Rugby has dropped rates on both of its 2-year discount mortgages cutting its 90% loan to value discount down from 4.85% to 4.64% and its 80% LTV deal down from 3.45% to 3.24%.

Skipton launches 2-year BTL deals

Thu, 17 May 2012 05:55:58 GMT

Skipton has launched a range of 2-year fixed rate and tracker buy-to-let products including a 2-year fixed rate at 3.89% to 60% loan to value and 2-year trackers from Bank Base Rate +3.69% at 70% LTV.

Shared ownership hub launched

Wed, 16 May 2012 05:55:58 GMT

Housing associations, mortgage lenders and other organisations involved in shared ownership and shared equity will now be able to swap information on the Housing Hub.

Clydesdale offers FTB fees free

Wed, 16 May 2012 05:55:58 GMT

Clydesdale and Yorkshire Banks have launched a fee free mortgage offer for first-time buyers taking a 95% or 90% loan to value mortgage saving £599.

Bank of England slashes growth forecasts

Wed, 16 May 2012 05:55:58 GMT

The Bank of England has cut its growth forecast for this year to 0.8% from 1.2% and said inflation was likely to remain stubbornly high for the “next year or so”.

BIBA launches strategic review

Wed, 16 May 2012 05:55:58 GMT

The British Insurance Brokers’ Association has appointed Deliotte to conduct a strategic review and has warned brokers about political pressure in Europe for mandatory disclosure.

Cash rewards for referrals

Wed, 16 May 2012 05:55:58 GMT

V Loans is offering advisers who refer other intermediaries a cash kickback for the first four cases a referred intermediary completes.