Hot topic
Buy to let has got the backing of numerous lenders as the growth area for 2011, with Kensington putting up its buy-to-let LTV to 85%, and Yorkshire and Abbey reported to be entering the sector.
Another high-profile lender, Scottish Widows Bank, has pulled out of the lifetime equity release market.
Part-exchange, where a homeowner sells at a discount to a developer in exchange for a good deal on a new-build home, could be about to take off.
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Specialist packagers, including AToM and Solent Mortgage Services, say business is looking up.
Spicerhaart and the CBI predict interest rates will rise to 1.25% by the end of 2011.
Homeloan Partnership has called for the FSA to introduce a middle ground for fast track rather than see it banned for being perceived as self-cert by another name.
John Charcol has reported a new dawn for the remortgage market, after seeing remortgage enquiries leap 42% in October.
At an Aviva round table this week, AIFA admitted the advice sector in Europe is "not liked" or fully trusted by the public.
A survey from intermediary lender Platform suggested broker confidence fell from Q2 to Q3 this year.
Last week, IMLA, the CML and AMI all came out fighting on issues ranging from interest-only to affordability assessments included in the FSA's Mortgage Market Review proposals.
Home Funding Limited chief executive, Tony Ward, has criticised the Council of Mortgage Lenders (CML) saying its "shrill" criticism of the regulator's MMR proposals risks undermining its work as a guardian of the mortgage market's interests.
The Association of Mortgage Intermediaries (AMI) has suggested the regulator's determination to clamp down on the products is irrational.
More than half of all mortgage loans made since 2005 would not have been granted if the FSA’s current proposals on responsible lending had already been in the place, the CML has claimed.
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Reasons to be Cheerful
It's not all doom and gloom out there in the mortgage industry, so click here for a dose of cheer.
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